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© 2014 IBM Corpora/on VIEWS OF THE AUTHOR, NOT NECESSARILY THOSE OF IBM Richard G Brown Financial Services Club Execu/ve Architect, Banking and Financial Markets 6 October 2014 The Latest in Cryptocurrencies

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The latest on cryptocurrencies by Richard Brown, Executive Architect for Industry Innovation, Banking and Financial Markets, IBM UK Richard's previous roles with the company, for whom he has worked for fifteen years, include Lead Account Architect for a global Investment Banking client and a Consultant for IBM software products. His specialisation is in the integration of complex systems. Richard is an expert in the emerging field of cryptocurrencies, on which he speaks and writes widely

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1. Richard G Brown Financial Services Club Execu/ve Architect, Banking and Financial Markets 6 October 2014 The Latest in Cryptocurrencies 2014 IBM Corpora/on VIEWS OF THE AUTHOR, NOT NECESSARILY THOSE OF IBM
2. 2014 IBM Corpora/on Contact: Richard G Brown: twiMer.com/gendal, gendal.wordpress.com Agenda VIEWS OF THE AUTHOR, NOT NECESSARILY THOSE OF IBM Introduc
3. 2014 IBM Corpora/on Contact: Richard G Brown: twiMer.com/gendal, gendal.wordpress.com We used to think you couldnt transmit value-at-a-distance without relying on trusted third par/es hMps://crea/vecommons.org/licenses/by-sa/2.0/ hMp://www.flickr.com/photos/68751915@N05/6551534889/ VIEWS OF THE AUTHOR, NOT NECESSARILY THOSE OF IBM
4. 2014 IBM Corpora/on Contact: Richard G Brown: twiMer.com/gendal, gendal.wordpress.com VIEWS OF THE AUTHOR, NOT NECESSARILY THOSE OF IBM
5. 2014 IBM Corpora/on Contact: Richard G Brown: twiMer.com/gendal, gendal.wordpress.com VIEWS OF THE AUTHOR, NOT NECESSARILY THOSE OF IBM
6. 2014 IBM Corpora/on Contact: Richard G Brown: twiMer.com/gendal, gendal.wordpress.com Cryptocurrency helps clarify our thinking about todays 1) Authorise VIEWS OF THE AUTHOR, NOT NECESSARILY THOSE OF IBM debates A B Examples: m-Pesa, PayPal PingIt, Droplet Zapp, paym, A B Examples: Cash Bitcoin A B Examples: Visa MasterCard Are the successes (and failures) of early Bitcoin wallet implementa
7. Think open internet-scale plaRorm for value-transfer rather than currency or payment system 2014 IBM Corpora/on VIEWS OF THE AUTHOR, NOT NECESSARILY THOSE OF IBM I07B 7M/1 C0o/2n0fi1d4e n/al
8. 2014 IBM Corpora/on Contact: Richard G Brown: twiMer.com/gendal, gendal.wordpress.com The Web: An open, internet-scale plaRorm for informa)on VIEWS OF THE AUTHOR, NOT NECESSARILY THOSE OF IBM exchange
9. 2014 IBM Corpora/on Contact: Richard G Brown: twiMer.com/gendal, gendal.wordpress.com Cryptocurrency: An open, internet-scale plaRorm for value VIEWS OF THE AUTHOR, NOT NECESSARILY THOSE OF IBM exchange?
10. Transac/on Scrip/ng Open Access through API or Protocol 2014 IBM Corpora/on Contact: Richard G Brown: twiMer.com/gendal, gendal.wordpress.com This is about more than currency and tradi/onal payments The First Killer-App? VIEWS OF THE AUTHOR, NOT NECESSARILY THOSE OF IBM Asset Transfer with Finality Advanced Transac/on Scrip/ng (Ethereum) Digital Scarcity Near-Instant, Near Free Interna/onal Value Transfer Public Visibility of Transac/ons Push Payment by Design A new Custody Model? Smart Property Revolu/on in Retail Programmable Money Economy of Things A new model for AML Smart Contracts The Core Bitcoin Innova
11. Selected current projects, products and debates 2014 IBM Corpora/on VIEWS OF THE AUTHOR, NOT NECESSARILY THOSE OF IBM
12. 2014 IBM Corpora/on Contact: Richard G Brown: twiMer.com/gendal, gendal.wordpress.com VIEWS OF THE AUTHOR, NOT NECESSARILY THOSE OF IBM
13. 2014 IBM Corpora/on Contact: Richard G Brown: twiMer.com/gendal, gendal.wordpress.com VIEWS OF THE AUTHOR, NOT NECESSARILY THOSE OF IBM
14. 2014 IBM Corpora/on Contact: Richard G Brown: twiMer.com/gendal, gendal.wordpress.com VIEWS OF THE AUTHOR, NOT NECESSARILY THOSE OF IBM 14 07/10/2014 IBM Confiden/al
15. 2014 IBM Corpora/on Contact: Richard G Brown: twiMer.com/gendal, gendal.wordpress.com Source: hMp://etherscripter.com/0-5-1/ VIEWS OF THE AUTHOR, NOT NECESSARILY THOSE OF IBM
16. hMp://teespring.com/nobodyknows hMp://www-935.ibm.com/services/us/ gbs/thoughtleadership/internetonhings/ 2014 IBM Corpora/on Contact: Richard G Brown: twiMer.com/gendal, gendal.wordpress.com hMp://www.coindesk.com/ibm-execu/ve-block-chain-internet-of-things/ VIEWS OF THE AUTHOR, NOT NECESSARILY THOSE OF IBM
17. hMp://cdixon.org/2014/10/04/some-ideas-for-na/ve-bitcoin-apps/ hMp://gendal.wordpress.com/2014/10/05/cryptocurrency-products-and- services-will-determine-adop/on-of-the-currency-not-the-other-way-round/ 2014 IBM Corpora/on Contact: Richard G Brown: twiMer.com/gendal, gendal.wordpress.com hMp://blog.chain.com/post/99177371581/bitcoins-killer-apps VIEWS OF THE AUTHOR, NOT NECESSARILY THOSE OF IBM
18. 2014 IBM Corpora/on Contact: Richard G Brown: twiMer.com/gendal, gendal.wordpress.com Scenario Descrip