The End of Intermediaries ??Zaw Win Htun

General ManagerACE Data Systems, DIR-ACE

Technology

Developer ConferenceYangon 201617 December, 2016

The role of Technology in this era

The way we interact with each other The way we do business The way we work The way we learn The way we acquire and share INFORMATION

What did Technology change?

Ownership , Trade

Asset Sharing ???

How do we exchange Asset?

BANKS

GOVERNMENT

ACCOUNTANTS

CURRENCY NOTE/CONTRACTS

AUTHENTICATION

IDENTIFICATION

RECORD KEEPINGCLEARING, SETTLEMENT

INTERMEDIARIES(TRUSTED THIRD PARTIES)

Security: Fraud, Hack

Transaction Time: Cost: Controllability:

Risks & Challenges of Intermediaries

Blockchain Technology A concept of a public transaction ledger Chain of irreversible Transaction Authenticated by anybody P2P

Can IT Solve It?

YES!

How it works

Public private key Advance math and cryptography

functions Massive computing power from Idle

computers that connected to the internet

Technologies that enable Blockchain

P2P Secure Transaction Lower cost Speedy transaction No-one owns/Everybody owns

What can we benefit?

Blockchain Vs Bitcoin

BlockchainTechnology

Map any kind of assets Shares, Commodities, Money

Smart & Programmable asset Areas to spend, expired date,

constraints

Blockchain as Digital Asset

Blockchain Potential

TRUSTWhy do we use

Intermediaries?

The End of Intermediaries ??

Thanks&

QAs

Credit : Google, YouTube, Deloitte, Gartner