Prepared by CA. Vivek Shah

Using the Technology

This new technology has tremendous potential. It can be used in our day to day activities. Blockchains establish trust by providing simple,paperless method to establish ownership of money, information & objects.

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Stock Markets

In the financial markets, trades get executed within a matter of seconds. Delivery & settlement of payment takes upto 2 days. It gets processed through banks and depositories like NSDL I CDSL. This consumes time and can lead to delay in processes. Blockchain can remove these bottlenecks from the fi nancial markets and settlement would happen in real ·me. Clf .2Jo !?;·. !cYhb 'VIA o tl 6f.a t;5 o ",., .··· 2l.sso o 1 82.;J'O. : , ._,, atic?+ Jo100 loo l.'l 16.Po ) -) . ), , ., ,,, IVIA !Oo ]O I• '·'l/ I.. /!' {) oil

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A smart contract is a computer written code, that describes a transaction step by step. It can connect to multiple blockchains, tracking multiple assets, so that it can swap those assets as needed to execute the transaction.

Are we readv for 8/ockchain?

• Technological hurdles - upgradation of harware & software • Cost factor - which companies willl invest in it? • Acceptance at global level - Will Governments acce, pt it? • Unemployment- A large social issue. • Economic & political factors • Shift to a new technology - can it compete with institutions? • No legal recognition & standardisation - no law regulating it. • Security concerns I hacking threats - not un-hackable • Is it only a currency or a business?

• At present, there are more than 1600 crypto currencies in the market. • The best known currencies are Bitcoin, Etherium, Ripple & Dash. • The total market cap of these currencies put together is US$ 278 Bn which is more than the total forex reserves of France, Germany & Italy.

a VJI,; ,f Bitcoin Myriad Dogecoin eDash Expance Stellar EXP BTC MYR DOGE DASH * STR

v 4II.;.., G) Ethereum Bitshares Supernet Monero Factom Dashcoin

ETH BTS UNITY XMR •FCT DSH 6) Q 0 Syscoin Clams Litecoin Reddcoin Bitcoindarl< -Ripplec LTC ROD BTCD XRP SYS• CLAM Q Cora Namecoin ® MaidSafeCoin Peercoin E mercoin A1rchc oin MAID PPC QORA NMC EMC ARCH • 0 "' BlackCoin Monacoin Primecoin Nxt •.Sibcoin Novacoin BLK MONA XPM NXT SIB NVC

• KYC process takes time • Charges are not tranparent

• Privacy not maintained • Limited options to swap

• Payout in specific currency • Must be routed through bank • Limited options to load money

• Notice from IT Department • Taxability - PGBP I LTCG

• What is the total mined quantitv?

• Maximum quantitv that can be issued?

• Who are the promoters?

• Is it a business or just a currencv?

• Is it countrv specific?

• Movement in the recent months?

• Is it easily traded in your country?

• Is conversion required to purchase?

• On which exchanges is it traded?

Crowd Sourcing of funds. Not parting with equity.

Future earnings/service - Drivezy. New trend- asset backed. Legal ambiguity. Foreign Listing. Scams in /CO listing.

DATA IS THE NEW OIL

RELIANCE UNDERSTOOD IT. OTHERS DIDN'T.

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For representation purpose only. The Logo belongs to tfs owner- Reftance lndustnes Ltmtted. For tnfernal ctrculatton among Clients & Markets. VJVek Shah & Co. - Chartered Accountants