D E M O D A Y O N T H E H I L L i n c o n j u n c t i o n w i t h t h e C o n g r e s s i o n a l B l o c k c h a i n C a u c u s
G B B C O U N C I L . O R G
@GBBCOUNCIL GLOBAL BLOCKCHAIN BUSINESS COUNCIL T A B L E O F C O N T E N T S
DEMO DAY BLOCKCHAIN PRIMER
BLOCKCHAIN PRIMER 1
USE CASES
FINANCIAL SERVICES | EY | UNITED KINGDOM 2-3
BUSINESS PROCESSES | SALESFORCE | UNITED STATES 4-5
SOCIAL IMPACT | DIGINEX | HONG KONG 6-7
MEDIA | ORBS | ISRAEL 8-9
ENERGY | POWER LEDGER | AUSTRALIA 10-11
GOVERNMENT | BITFURY | NETHERLANDS 12-13
IDENTITY | ACCENTURE | IRELAND 14-15
SUPPLY CHAIN | EVERLEDGER | UNITED KINGDOM 16-17
MODERATORS & CONGRESSIONAL REMARKS (BIOS)
THE HONORABLE TOM COTTON (AR) 18
THE HONORABLE DAVID SCHWEIKERT (AZ-6) 18
THE HONORABLE TOM EMMER (MN-06) 19
THE HONORABLE TREY HOLLINGSWORTH (IN-09) 19
TOMICAH TILLEMANN, FOUNDER & DIRECTOR, BLOCKCHAIN TRUST ACCELERATOR, NEW AMERICA 20
SANDRA RO, CEO, GLOBAL BLOCKCHAIN BUSINESS COUNCIL 21
STACI WARDEN, EXECUTIVE DIRECTOR, GLOBAL MARKETS DEVELOPMENT, MILKEN INSTITUTE 22
MERCINA TILLEMANN-DICK, COO, GLOBAL BLOCKCHAIN BUSINESS COUNCIL 23
OVERVIEW
THE CONGRESSIONAL BLOCKCHAIN CAUCUS 24
THE GLOBAL BLOCKCHAIN BUSINESS COUNCIL (GBBC) 24
GENEVA | WASHINGTON, D.C. | NEW YORK CITY GBBCOUNCIL.ORG @GBBCOUNCIL GLOBAL BLOCKCHAIN BUSINESS COUNCIL B L O C K C H A I N P R I M E R
HISTORY OF BLOCKCHAIN Blockchain is a distributed ledger technology that facilitates the transfer of assets digitally with enhanced security and transparency. The first blockchain (now known as the Bitcoin Blockchain) was conceived in 2008 in the wake of the global financial crisis. Since then, blockchain technology has evolved rapidly and is changing the way governments, organizations, businesses, and individuals operate in our increasingly interconnected and digital world.
DIGITAL TOKENS (BITCOIN) VS. BLOCKCHAIN Bitcoin (with a capital “B”) is the oldest public blockchain. The digital currency “bitcoin” (with a lowercase “b”) moves on the Bitcoin blockchain. While Bitcoin uses blockchain technology to operate, other blockchains are not reliant on Bitcoin. Blockchains can take many different forms and are the underlying technology for other digital currencies/tokens such as Ether, Emercoin, Litecoin, etc.
While blockchain can be used to move cryptocurrencies, the technology can also be employed to move any digital asset — including land titles, identity information, supply chain manifests, and health records. A blockchain can be either public (i.e. Bitcoin) or private (i.e. Hyperledger Fabric) and becomes increasingly secure over time and through broadened use.
HOW DOES IT WORK? While each blockchain works differently, we will focus on the oldest and most popular blockchain: Bitcoin. Each transaction on the Bitcoin blockchain is packaged into a group of transactions called a “block.” Each block must be mathematically authenticated before being linked to the chain of already-verified blocks. Before being verified, computers securing and updating the network – known as “miners” – compete to solve a complex mathematical equation for the block. Once the solution is found and the block is considered “solved”, the successful miner receives a reward and the block is assigned a unique ID. The winning miner then broadcasts its success to the rest of the miners on the network, which then verify that the information is correct and add the block to the blockchain
This process makes the Bitcoin Blockchain extremely secure, but there are limitations. As the number of miners keeps growing, the complexity of the mathematical equations needed to secure the block increases. This co-relation augments energy consumption due to the higher computing power required to solve equations. On the other hand, transactions can be slow depending on the number of transactions and miners on a given day. Other blockchains have prioritized speed and scalability while still maintaining the inherent security that comes with blockchain architecture.
GENEVA | WASHINGTON, D.C. | NEW YORK CITY GBBCOUNCIL.ORG 1 U S E C A S E S
WWW.EY.COM USE CASE INDUSTRY: PROFESSIONAL SERVICES HEADQUARTERS: UNITED KINGDOM As industries converge, they create new value and opportunities for business. EY helps organizations identify and capitalize on these new opportunities. EY is a global leader in assurance, tax, transaction, and advisory services.
NIGHTFALL: PRIVATE TRANSACTIONS ON PUBLIC BLOCKCHAINS USING ZERO- KNOWLEDGE PROOFS
Public blockchains like Ethereum and Bitcoin, which are the most widely used and accessible blockchain systems, do not in their native state support private transactions; blockchains, far from being anonymous, are in fact highly transparent. While individual users may enjoy a level of privacy as one small entry in a “sea” of transactions, for enterprise users, this lack of privacy makes adoption of public blockchains impractical for most applications: modern analytical tools would allow competitors to sift through the blockchain and discern business operations and strategy.
Private blockchains were created to provide enterprise users with a blockchain-like architecture while increasing privacy, but these systems are not decentralized and, consequently, they lack the network effects, scale, and immutability of large public blockchains. EY does not believe that centralized blockchains serve the public interest or are ever likely to achieve significant network effects. Consequently, EY created Nightfall to make it possible for enterprise users to transact securely and privately on public blockchains.
Nightfall makes use of a mathematical innovation called a Zero Knowledge Proof (ZKP), which allows users to prove certain items are true without revealing the underlying information. This allows for provably secure, private transactions on public networks. While ZKPs have been available to consumers through specialized cryptocurrency transactions for some time, Nightfall is the first solution that allows any asset or token to be transferred in complete privacy and is designed for enterprise adoption.
GENEVA | WASHINGTON, D.C. | NEW YORK CITY GBBCOUNCIL.ORG 2 EY has made Nightfall available as a public domain application to anyone who wants to use it. The system is designed to support privacy with full regulatory compliance. Transaction data from Nightfall users can be integrated into EY’s Blockchain Analyzer for financial statement audits and transaction analytics. Users can also implement both white lists and black lists for allowed and blocked addresses to comply with regulatory requirements such as Know Your Customer (KYC) and Anti-Money-Laundering (AML) rules.
EXTERNAL LINKS NIGHTFALL VIDEO: HTTP://BIT.LY/EY_NIGHTFALL_VIDEO EY OPSCHAIN VIDEO: HTTP://BIT.LY/OPSCHAIN_VIDEO EY BLOCKCHAIN ANALYZER VIDEO: HTTP://BIT.LY/EY_BCA_VIDEO EY BLOCKCHAIN HOME PAGE: HTTPS://WWW.EY.COM/EN_GL/BLOCKCHAIN NIGHTFALL BUSINESS INTRODUCTION: HTTPS://BIT.LY/2O3SIUJ MATH EXPLAINER: HTTP://BIT.LY/NIGHTFALL_MATH NITGHTFALL CODE REPO: HTTPS://GITHUB.COM/EYBLOCKCHAIN/NIGHTFALL
PRESENTED BY PAUL BRODY, GLOBAL BLOCKCHAIN LEADER, EY
Paul is responsible for driving EY’s initiatives and investments in blockchain worldwide. With blockchain services in the Americas, Europe, and Asia, Paul’s team works with service lines to build a portfolio of services across tax, audit, and business transformation. He has extensive experience in the areas of IoT, supply chain and operations and business strategy, developed over 20 years at multiple start-ups, McKinsey, and IBM. Paul has a BA in Economics and a certificate in African Studies from Princeton University.
GENEVA | WASHINGTON, D.C. | NEW YORK CITY GBBCOUNCIL.ORG 3 WWW.SALESFORCE.COM USE CASE INDUSTRY: BUSINESS PROCESSES HEADQUARTER: UNITED STATES Salesforce is a customer relationship management (CRM) solution that brings companies and customers together. It's one integrated CRM platform that gives all your departments - including marketing, sales, commerce, and service — a single, shared view of every customer.
SALESFORCE BLOCKCHAIN
As companies develop more digital systems and are in possession of more data, interoperability of systems and the ability to securely share data becomes important. Existing centralized ledgers and databases make it difficult and time-consuming for companies to safely share information with partners.
To address these growing issues, Salesforce developed Salesforce Blockchain, a platform that allows companies to harness and share data in an ever-evolving network of partners and third parties, all without sacrificing trust and without code, enabling companies to easily and quickly stand up these networks. The blockchain tracks and authenticates data that is shared between companies. This system can be used for advanced, secure, and fast asset management and workflows. In this session, Salesforce will highlight how blockchain is applied to education to transform the student experience, enabling students to easily transfer between institutions and to carry with them a lifelong transcript of learning.
The 21st-century economy requires that businesses develop innovative new ways to work together. As workflows and data sets become larger and more complex, it is crucial that companies have an effective platform that facilitates sharing without jeopardizing security. Blockchain technology is already being used by some of the largest corporations in the world to create efficiencies while protecting valuable and sensitive data.
GENEVA | WASHINGTON, D.C. | NEW YORK CITY GBBCOUNCIL.ORG 4 PRESENTED BY ADAM CAPLAN, SENIOR VP, EMERGING TECHNOLOGY & RAMYA SUBRAMANI, SR. DIRECTOR, EMERGING TECHNOLOGY, SALESFORCE
ADAM CAPLAN, SVP, EMERGING TECHNOLOGY, SALESFORCE Adam is currently focused on Salesforce's blockchain strategy. He previously ran the Strategic Projects consulting organization at Salesforce, a global team building custom applications on the Platform, helping companies reimagine what's possible with Salesforce and turning their visions into reality. Adam joined Salesforce through the acquisition of Model Metrics in 2011. He founded Model Metrics in 2003, a consulting company that was focused on helping enterprise organizations accelerate the adoption of cloud computing and enterprise mobile applications. In 2011, he was named CEO of the Year by the Illinois Technology Association. Adam earned his MBA from the Kellogg Graduate School of Management and his undergraduate degree from the Wharton School at the University of Pennsylvania.
RAMYA SUBRAMANI, SR. DIRECTOR, EMERGING TECHNOLOGY, SALESFORCE Ramya is focused on the strategy and product road map of Salesforce Blockchain. In her role, Ramya leads the research and development of Salesforce Blockchain, while working closely with Salesforce customers and prospects to identify the best blockchain strategy for their business. She specializes in leading engineering teams building products in Cloud Computing, Data Platforms, Distributed Systems, and Machine Learning Platforms.
GENEVA | WASHINGTON, D.C. | NEW YORK CITY GBBCOUNCIL.ORG 5 WWW.DIGINEX.COM | WWW.EMINPROJECT.COM USE CASE INDUSTRY: SOCIAL IMPACT HEADQUARTERS: HONG KONG Diginex is a global blockchain solutions and financial services company. The company focuses on the delivery of solutions that make digital assets more accessible, business processes more efficient, and societies more secure. Diginex financial services infrastructure is designed to allow for institutional adoption of digital assets: bank- grade custody solutions, corporate finance, markets, and asset management.
DEPLOYING BLOCKCHAIN TECHNOLOGY TO COMBAT MODERN SLAVERY AND HUMAN TRAFFICKING
Diginex partnered with Hong Kong-based NGO Mekong Club to develop eMin, a blockchain-based anti-slavery product that increases transparency in global supply chains.
The eMin Project intends to unite and mobilize the private sector to combat modern slavery, an issue that affects more than 40 million people worldwide. Rather than locks and chains holding these people, today they are being kept in work by debts that are impossible to pay off, threats of violence, and withholding of documents like their passports and employment contracts by managers who wish to control them. They are paid little or nothing for their work, and in many cases become trapped in a cycle of exploitation for their entire lives.
Migrant workers are particularly at risk of exploitation, as their contracts are substituted and fees are charged to secure roles. The combined efforts of NGOs, activists, governments, law enforcement, public and private sector identifies and helps just an estimated 0.2% of victims each year
There is a high demand for eMin, as Diginex's trusted source of work contract data enables new forms of collaboration:
Migrant workers have access to their work contracts anytime, from anywhere Multinationals have greater supply chain visibility and can act on suspicion of forced labor and/or trafficking Industry associations set new industry standards globally. Auditors and international organizations are given access to real-time data, removing the need for manual audits and risks of double standards
GENEVA | WASHINGTON, D.C. | NEW YORK CITY GBBCOUNCIL.ORG 6 Governments and intergovernmental organizations develop mechanisms to enforce anti-slavery regulations and global conventions (SDGs 8.7 and 16) protecting workers and migrants Financial service companies strengthen their compliance to avoid illicit funds entering the financial system and ensure their portfolios are free of forced labor
PRESENTED BY MICHAL BENEDYKCINSKI, DIRECTOR OF CORPORATE DEVELOPMENT, DIGINEX
After graduating from Yale, Michal began his career in 2010 as a London based investment banker covering telecom and infrastructure M&A with ING and Evercore. He subsequently joined the private equity business of 3i Group plc, where he was responsible for originating and executing a range of buy-side transactions across European markets and growing their core infrastructure portfolio to over $1bn in AUM.
In 2019 Michal graduated with dual MBA & MA degrees from the Wharton School and the University of Pennsylvania, where he co-founded UPenn’s Blockchain Initiative, which grew into one of the largest blockchain clubs in the world with more than 800 active members. Most recently, Michal was Product Owner at Manulife and John Hancock’s Lab of Forward Thinking (LOFT) in Boston, where he led a dedicated blockchain group building DLT solutions for both the asset management and insurance sides of the business.
GENEVA | WASHINGTON, D.C. | NEW YORK CITY GBBCOUNCIL.ORG 7 WWW.ORBS.COM USE CASE INDUSTRY: MEDIA HEADQUARTERS: ISRAEL Orbs is an open-source, public blockchain infrastructure named Gartner's “Cool Vendor in Blockchain Technology” for 2018. Orbs was designed for existing businesses, governments and organizations looking for value in decentralization. Founded in 2017, Orbs is being developed by a dedicated team out of Tel Aviv with offices in San Francisco, Singapore, and Seoul.
IMAGES COPYRIGHT REGISTRY ON THE BLOCKCHAIN
THE PROBLEM With the proliferation of online and social platforms, it is becoming increasingly complex to verify the source and authenticity of digital content. Ensuring copyright protection and proper usage of visual content online, especially with regards to images and photos, depends on the ability to verify origin. Many creators and content providers wish to expose their work to the public and monetize it online, but currently, this exposure carries with it the risk of abuse. There are no copyrights registries for images, and in case of infringement, ownership is hard and expensive to prove.
Beyond rights management, today’s news media world is experiencing grave challenges with the authenticity of data. With the growth of User Generated Content (UGC) and reliance on social media as a primary source of news, the misuse and misrepresentation of news content has become an epidemic. News consumers find it increasingly difficult to ascertain the source and authenticity of news items, while content creators cannot control the use of their content.
HOW IS THAT APPLIED TO COPYRIGHTS? In order to create a trusted images copyright registry, Orbs created a simple solution that can be added to any app or service that provides services for the creation, storage or sharing of images. For every image added to the service, a hash (unique identifier) is created and recorded on the blockchain, along with any relevant meta- data, owner’s information, a timestamp, geographic location, licensing and more. Thus we create a decentralized database that is extremely hard to manipulate, which can be used by creators to prove ownership over their images and by news consumers to verify the publisher’s metadata of a picture or video.
GENEVA | WASHINGTON, D.C. | NEW YORK CITY GBBCOUNCIL.ORG 8 POTENTIAL USES In addition to providing ownership and transparency, it can be used to create different services, such as:
Monetizing tool for creators, based on different rights regimes and licenses Allowing and managing lawful access to content for different types of users Fighting fake news/fake images. A way for large content distributors to collaborate with startups and SMEs on images sharing (open-source data platform) A tool for online services to ensure that content shared on platforms is not in violation of copyrights GDPR compliance: exercising the right to be forgotten with verification of photo- ownership and an open-database for cross-referencing asset hash
PRESENTED BY DANNY BROWN WOLF, HEAD OF PARTNERSHIPS & STRATEGY, ORBS
Danny was formerly the decentralization Director for Cool Cousin, a travel-tech startup crowned by the New York Times, L.A Times, The Guardian and National Geographic as a “must app for travelers”. Her background is in Policy and International Law, having worked at the United Nations, the Israeli Parliament, as the Director of Policy at the IDC's Abba Eban Institute, and on projects dedicated to capacity-building of the Palestinian hi-tech industry and peace-building between Israelis and Palestinians. At Orbs, Danny is also an advisor to the Hexa Foundation, Orbs' social impact, and education arm.
GENEVA | WASHINGTON, D.C. | NEW YORK CITY GBBCOUNCIL.ORG 9 WWW.POWERLEDGER.IO USE CASE INDUSTRY: ENERGY HEADQUARTERS: AUSTRALIA Power Ledger is an Australia-based blockchain company and leader in the tech-energy industry. For Power Ledger, security and adequate distribution are key elements that are constantly shaping its strategies. Power Ledger has generated an efficient integration of renewable energies with a platform that helps coordinate the different resources available in the community while improving the accessibility and affordability of energy to all of its members. Power Ledger is currently expanding its energy trading across the world, showcasing its ability to democratize power.
RE-IMAGINING ENERGY, HOW BLOCKCHAIN IS INSPIRING INNOVATION IN ENERGY
Traditional power grid infrastructure gives little control to consumers; consumers are unable to choose the source of their energy and grids are often old and susceptible to natural disasters and physical or cyberattacks. Blockchain-enabled Distributed Energy Resources (DER) like solar panels, batteries, and microgrids can shift control to consumers. Power Ledger is helping facilitate the transition to DERs in an organized and innovative way by creating blockchain-based solutions that enable people and businesses to transact energy, trade-in environmental commodities, and invest in renewables. Power Ledger gives companies and communities the tools they need to develop a new energy system that is resilient, low-cost, and low-carbon.
The company has developed an integrated business model which utilizes blockchain to capture multiple value streams to improve the efficiency and transparency of distributed energy markets. Power Ledger’s platform is now being deployed around the world, including in the United States, Europe, India, North and South Asia, and Australia.
ENERGY TRADING Power Ledger’s energy trading software can be used to buy and sell electricity in real- time in a range of different environments. Consumers with DERs can use Power Ledger’s P2P energy trading platform to sell excess energy to their neighbors. Households with battery storage can participate in the company’s Virtual Power Plant (VPP) and sell their surplus energy to profit from the solar power they generate while mitigating price spikes and demand shortages.
GENEVA | WASHINGTON, D.C. | NEW YORK CITY GBBCOUNCIL.ORG 10 ENVIRONMENTAL COMMODITIES TRADING Power Ledger's technology can be used to ensure the trading of environmental commodities and renewable energy credits is transparent, liquid, secure, and efficient. The company's proprietary blockchain technology can be utilized to track energy and the multitude of transactions relating to environmental commodities and renewable energy credits (RECs).
RENEWABLE ASSET OWNERSHIP Power Ledger has developed an energy asset ownership model that will lead to the development of more renewable energy projects. Once released, the product will provide developers with a way to recycle their capital and syndicate asset ownership to the market, creating a new model for co-ownership of renewable assets. Power Ledger’s platforms provide a real time transactive financial layer. Self-executing smart contracts integrated with system controls facilitate an autonomous energy market with secure value transfer between customers, networks, and market participants.
PRESENTED BY VINOD TIWARI, GLOBAL HEAD OF BUSINESS DEVELOPMENT AND SALES, POWER LEDGER
Based in Perth, Western Australia, Vinod leads Power Ledger's Global Business Development and Sales teams. Vinod leverages over 25 years of experience working in the energy sector to connect with client stakeholders and form global partnerships across power and business domains. He also works with third-party providers in Australia and overseas markets to support the delivery of Power Ledger's blockchain offerings for energy trading, renewable energy certificates trading, and renewable asset financing. Vinod holds a Bachelor of Engineering in Electronics and a Master of Business Administration from the University of Western Australia. He also participated in the Executive Leadership Program at the University of California, Berkley, USA.
GENEVA | WASHINGTON, D.C. | NEW YORK CITY GBBCOUNCIL.ORG 11 WWW.BITFURY.COM USE CASE INDUSTRY: E-GOVERNANCE HEADQUARTERS: NETHERLANDS The Bitfury Group is the largest full-service blockchain technology company in the world. The company develops and delivers cutting-edge software and hardware solutions necessary for businesses, governments, organizations, and individuals to securely move assets across the blockchain.
PUBLIC-PRIVATE LAND TITLING PROJECT
Existing land-titling procedures are cumbersome and opaque. Under existing systems, corrupt officials can alter records and verifying the legitimacy of a land title requires significant research and time. Blockchain platforms appear a natural fit to improve land title registries; placing land titles on an immutable public ledger makes it easier for all parties to verify land titles and complete transactions.
The Bitfury Group partnered with the Republic of Georgia's National Agency of Public Registry (NAPR) in 2016 to run a land-titling project. The two collaborated on this project to secure records and protect information held by the Republic of Georgia. The Republic of Georgia was especially interested in this project because of its desire for a reliable anti-corruption technology.
The Bitfury Group created a unique, private, permissioned blockchain system that is connected or “tethered” to the Bitcoin Blockchain. They integrated this system in all the digital records systems of the NAPR. The system has a built-in digital time- stamping service that protects citizens' confidential information and now the NAPR can use it to quickly determine the validity of a citizen's vital information and to evaluate ownership of property. Since Georgia implemented its blockchain-based land registry, the World Bank has consistently ranked it as one of the top five countries for registering property. Blockchain technology is especially suited to land titling processes as the system can be extremely secure and protect billions of dollars in assets while improving accountability between various actors.
GENEVA | WASHINGTON, D.C. | NEW YORK CITY GBBCOUNCIL.ORG 12 PRESENTED BY MARK BLACKMAN, SENIOR DIRECTOR, BUSINESS DEVELOPMENT, BITFURY GROUP
Mark Blackman is a Senior Director of Business Development for the Bitfury Group. He brings 20+years of engineering and business experience, bringing technology from the lab to the marketplace at Qualcomm. While at Qualcomm he was involved with earlier smartphone technology development, managing multiple engineering teams responsible for commercializing both the first globally deployed app store and mobile VoIP service. Additionally, he worked as a Director of IP Business Strategy, focused on optimizing R&D activities within software, security, and sensor technologies.
He received an MBA from San Diego State University and holds an MS in Information Science from Ball State University.
GENEVA | WASHINGTON, D.C. | NEW YORK CITY GBBCOUNCIL.ORG 13 WWW.ACCENTURE.COM | WWW.KTDI.ORG USE CASE INDUSTRY: IDENTITY HEADQUARTERS: IRELAND Accenture is a leading global professional services company which provides a broad range of services and solutions in strategy, consulting, digital, technology and operations. With approximately 442,000 people serving clients in more than 120 countries, Accenture works at the intersection of business and technology to drive innovation that improves the way the world works and lives.
THE KNOWN TRAVELLER DIGITAL IDENTITY (KTDI)
The Known Traveller Digital Identity, or KTDI, is a World Economic Forum initiative that brings together a global consortium of public and private sector organizations to enhance security in world travel.
By 2030, international air arrivals are expected to reach 1.8 billion passengers, a 50% increase from the 1.2 billion arrivals recorded in 2016. To accommodate this growth the public and private sectors will need to address infrastructure, human resource, and procedural constraints, while at the same time maintaining national and international security requirements. This will require an integrated and trusted approach between governments and the private sector underpinned by emerging technologies and innovations.
The KTDI is based on decentralized digital identity which uses cryptography, distributed ledger technology, and emerging international standards to enable an individual to self-manage trusted and verified identity attributes. Through KTDI, travelers can collect and share attestations. An attestation is a verified claim issued by a trusted entity, such as a government passport agency or border authority. Examples of attestations are proof of citizenship in country X or proof of entry or exit to country Y.
Attestations are added to the traveler’s KTDI profile each time a trusted entity verifies a claim pertaining to the individual. These attestations are the backbone of trust and the basis of reputation and, ultimately, how security decisions are made by each participating organization. The more attestations a traveler collects, the more known he or she could become, which enables individualized risk-based differentiation in border management and/or aviation security screening.
GENEVA | WASHINGTON, D.C. | NEW YORK CITY GBBCOUNCIL.ORG 14 The KTDI concept provides security agencies with early, reliable and verified information prior to individuals arriving at the border. This allows added time to expedite the airport process for pre-screened, legitimate, low-risk travelers and focus instead on less-known travelers and detecting potential risks and threats.
The primary function of the blockchain is to cryptographically issue, revoke, and verify credential identifiers without the need of a centralized intermediary (like a certification authority).
PRESENTED BY JOHN B. STEVENS, SENIOR MANAGER, ACCENTURE FEDERAL SERVICES
John Stevens leads the Accenture Federal Services Blockchain Practice, providing thought leadership to the US Federal community. John has over 15 years of experience providing enterprise data strategy and delivery to the US Federal Government and global NGOs. He joined Accenture in 2017 and has worked with the DOJ, USDA, and VA. John earned his BA at Hofstra University and his MS in the Management of IT from the University of Virginia’s McIntire School of Commerce.
GENEVA | WASHINGTON, D.C. | NEW YORK CITY GBBCOUNCIL.ORG 15 WWW.EVERLEDGER.IO USE CASE INDUSTRY: SUPPLY CHAIN HEADQUARTERS: UNITED KINGDOM Everledger is a global emerging technology enterprise creating ecosystems of trust to address real-world challenges - enabling a positive social, economic, and environmental impact. Everledger helps businesses surface and converge asset information, using a symphony of secure technologies, including blockchain, AI and IoT, and intelligent labeling (such as RFID and NFC).
TRACKING SUPPLY CHAIN OF PRECIOUS GEMS/MINERALS
The supply chains for diamonds, gemstones, and minerals have been historically fraught with unethical behavior – from the use of child labor to severe environmental damage. Using blockchain technology, Everledger has pulled back the curtain on these typically opaque industries. Everledger has developed solutions to improve the traceability and transparency of diamonds, gemstones, wine, and e-waste supply chains. The purpose of the company is to contribute greater clarity and confidence in marketplaces where transparency matters most.
By working with Everledger, stakeholders such as producers, manufacturers, certification houses, and retailers can prove the origin, ownership, and characteristics of their assets to increasingly conscientious consumers; consumers can have access to all this information on any device, from desktops to smartphones.
Beyond increasing trust, the Everledger platform addresses inefficiencies and reduces costs by digitizing interactions with the object along the supply chain. It eliminates the need for burdensome paper-based records supporting commerce, compliance, and governance. The impact of a true digital incarnation of an asset offers governments the opportunity to accurately identify goods and associated taxes or tariffs. It also helps consumers validate sustainability compliance statements from manufacturers.
Blockchain technology's ability to provide a visible and secure ledger is particularly valuable for the diamond, gemstone, and mineral industries. Gubelin Gem Lab, the Swiss-based certificate body for gemstones, has also implemented a blockchain platform created by Everledger, supporting artisanal miners and the sustainable provenance of gemstones.
GENEVA | WASHINGTON, D.C. | NEW YORK CITY GBBCOUNCIL.ORG 16 The development of blockchain-based tracing solutions, such as the Everledger platform, offers clear benefits for all parties, with adoption across supply chains supporting more effective commerce, consumer engagement, and enhanced brand equity and consumer trust.
PRESENTED BY SCOTT AUSTIN, SENIOR EXECUTIVE VICE PRESIDENT, AMERICAS, EVERLEDGER
Scott leads Everledger's business in the Americas, working closely with the team to make technology breakthroughs that solve the challenges facing its clients. Scott is also actively involved in Investor Relations with Everledger's partners.
Scott was previously Director of the Asia Pacific Smart Card Association for Australia, New Zealand, and Singapore. He has over 20 years of experience in the development and evolution of Identification Technologies (Smartcard/RFID/NFC), Internet of Things (IoT) and blockchain technologies, supported through his Certificate in Future Commerce and Financial Technology from MIT.
GENEVA | WASHINGTON, D.C. | NEW YORK CITY GBBCOUNCIL.ORG 17 B I O G R A P H I E S THE HONORABLE TOM COTTON (AR)
Senator Cotton is a member of the Senate Banking Committee, where he chairs the Economic Policy Subcommittee, the Intelligence Committee, and the Armed Services Committee, where he chairs the Air Land Power Subcommittee. He graduated from Harvard, and Harvard Law School. After a clerkship with the U.S. Court of Appeals and private law practice, Tom left the law because of the September 11th attacks. Tom served nearly five years on active duty in the U.S. Army as an Infantry Officer. Tom served in Iraq with the 101st Airborne and in Afghanistan with a Provincial Reconstruction Team. Tom served with The Old Guard at Arlington National Cemetery. Tom's military decorations include the Bronze Star Medal, Combat Infantry Badge, and Ranger Tab. Between the Army and the Senate, Tom worked for McKinsey & Co. and served one term in the House of Representatives.
THE HONORABLE DAVID SCHWEIKERT (AZ-06)
Rep. Schweikert is serving his fifth term in the United States Congress. He holds a seat on the Ways and Means Committee. He also sits on the bicameral Joint Economic Committee, serving as the Senior House Republican Member. He is a Co-Chair of the Blockchain Caucus. David collaborates with innovators in Arizona and around the world on ways to increase trade and drive economic growth. David has long championed technological innovations as the solution to the problems of over-burdensome government regulations. David holds a seat on the Tax Policy Subcommittee and Trade Policy Subcommittee on the House Ways and Means Committee, where he is able to use his expertise in finance and tax policy to lend his voice towards pressing issues such as meaningful tax reform and reducing trade barriers for U.S. businesses
GENEVA | WASHINGTON, D.C. | NEW YORK CITY GBBCOUNCIL.ORG 18 THE HONORABLE TOM EMMER (MN-06)
Congressman Emmer is currently serving his third term in the U.S. House of Representatives. Tom was recently elected by his fellow Republican colleagues to join the House GOP Leadership team as the Chairman of the National Republican Congressional Committee for the 116th Congress. Currently, he sits on the House Financial Services Committee where he serves as the Ranking Member of the Committee's Task Force on Financial Technology. Born in 1961, Tom grew up in Minnesota and attended St. Thomas Academy. He received his BA in Political Science from the University of Alaska-Fairbanks and his JD from William Mitchell College of Law. Before coming to Congress, he served in the Minnesota House of Representatives from 2004-2008.
THE HONORABLE TREY HOLLINGSWORTH (IN-09)
Representative Hollingsworth is serving his second term as a U.S. Representative for Indiana's 9th Congressional District. Trey is a member of the House Financial Services Committee. Trey is committed to reinvigorating the Economy. Creating opportunity and removing government roadblocks are what enables each generation of Americans to live better than the one before. He believes that creating an environment where companies can invest at home versus overseas are all essential to helping American families improve their futures. Before public service, Trey was a small business owner. After graduation from business school, he began renovating abandoned industrial sites. In 2008, Trey started an aluminum remanufacturing operation in Indiana.
GENEVA | WASHINGTON, D.C. | NEW YORK CITY GBBCOUNCIL.ORG 19 TOMICAH TILLEMANN, FOUNDER & DIRECTOR, BLOCKCHAIN TRUST ACCELERATOR, NEW AMERICA
Tomicah Tillemann is a leader in the fields of social finance and civic innovation. He serves as director of the Bretton Woods II program at New America. He and his team work with large asset owners to reduce risk and volatility through strategic investments in social impact and development.
He is also co-founder of the Blockchain Trust Accelerator and a member of the advisory board of the Bitfury Group, a leading provider of blockchain infrastructure. He works with the firm to harness blockchain technology for governance and social impact applications.
Between 2010 and 2014, Tillemann served under Hillary Clinton and John Kerry as the Secretary of State's senior advisor for civil society and emerging democracies. Tillemann led a team of experts that operated like venture capitalists in translating promising ideas and technologies into successful foreign policy. He also established and chaired the State Department's Global Philanthropy Working Group and the State Department's Federal Advisory Committee on civil society.
GENEVA | WASHINGTON, D.C. | NEW YORK CITY GBBCOUNCIL.ORG 20 SANDRA RO, CHIEF EXECUTIVE OFFICER, GLOBAL BLOCKCHAIN BUSINESS COUNCIL
Sandra's mission is to help those most vulnerable and financially excluded by harnessing technology for social and economic good. She holds directorships and co- founded, advises and angel invests in several emerging tech start-ups across blockchain, robotics, digital assets, IoT, and VR/AR.
Initially a founding Board Member, Sandra is CEO of the Global Blockchain Business Council (GBBC). She also serves on the NYS Digital Currency Task Force, the US Department of State Speakers’ Bureau for blockchain/security, the EU Blockchain Observatory & Forum: Use Cases & Transition Scenarios Working Group, the NYC Blockchain Center, the Fintech Advisory Council of the AIFC, Kazakhstan, and the Global Blockchain Policy Council (GBPC), founded by the South Korean Congress.
Sandra keynotes and educates global audiences across industries and government sectors, notably Milken Institute, UK House of Lords – Economic Affairs, US Congress – House Financial Services, SXSW, CFA Society, JPM EMEA Global Markets, Singapore FinTech, Banco Central do Brasil, Bloomberg, and The Economist.
She served as a former Treasurer and founding board director of the Enterprise Ethereum Alliance (EEA) and founding member of the Post Trade Distributed Ledger Group (PTDL), as well as a founding member of Linux Foundation's Hyperledger. Sandra was also a founder and former Executive Director, Digitization, CME Group, where she was responsible for the company's digital asset and blockchain/distributed ledger technology (DLT) initiatives, including CME CF Bitcoin futures & index pricing products and post-trade solutions.
Ro led the EMEA M&A FX and interest rates derivatives advisory group at Morgan Stanley London and worked at Deutsche Bank London. Ro holds an M.B.A. in Finance from London Business School, studied Computer Science at Columbia University, School of Continuing Studies and earned a double B.A. in History and Studies in the Environment from Yale University.
GENEVA | WASHINGTON, D.C. | NEW YORK CITY GBBCOUNCIL.ORG 21 STACI WARDEN, EXECUTIVE DIRECTOR, GLOBAL MARKETS DEVELOPMENT, MILKEN INSTITUTE
Staci Warden is the Executive Director of Global Markets Development at the Milken Institute, where she leads strategic initiatives on developing capital markets, innovative finance, crypto/blockchain, financial inclusion, and access to capital.
She co-founded a global program to train and mentor policymakers in financial policy, now in its fourth year. Warden has spent her career executing, managing, advising, and writing on issues of economic development, financial innovation, financial inclusion, and poverty alleviation.
Prior to Milken, she spent six years with JPMorgan in London, where she led its public sector client franchise in EMEA and two years in New York on the sovereign DCM team. Before JPMorgan, she was a director at the Nasdaq, where she ran its two markets for micro-cap companies. At the U.S. Treasury, she ran the TFCA, an international debt restructuring program.
She was the startup COO of the Center for Global Development, and prior to that worked as an economist at the Carnegie Endowment and the Harvard Institute for International Development. She has worked in over 50 countries and has served as a ministerial-level advisor on capital-market development, sovereign-wealth management, financial inclusion, and poverty reduction.
Warden holds advanced degrees from Harvard University's Kennedy School of Government and Brandeis University's Keller School.
GENEVA | WASHINGTON, D.C. | NEW YORK CITY GBBCOUNCIL.ORG 22 MERCINA TILLEMANN-DICK, CHIEF OPERATING OFFICER, GLOBAL BLOCKCHAIN BUSINESS COUNCIL
Mercina Tillemann-Dick currently serves as Chief Operating Officer of the Global Blockchain Business Council (GBBC). Experienced in strategic planning and communications, she has spent her career translating complex ideas for broad audiences in the public and private sectors.
Mercina has advised state and national governments and fortune 100 companies on issues surrounding technology and public health. Mercina works with corporations and governments to identify relevant applications for blockchain technology; she speaks regularly around the world – from the G20 Summit to the European Parliament to the U.N.'s Internet Governance Forum (IGF).
Mercina has worked in the offices of the former Speaker of the U.S. House of Representatives Nancy Pelosi and for the Human Rights Commission of the U.S. Congress. While working with Janssen's Global Public Health Group, she drafted congressional testimony, authored publications and spearheaded multiple public information initiatives.
She holds a degree in Bioethics, Political Science and Law from Yale University.
GENEVA | WASHINGTON, D.C. | NEW YORK CITY GBBCOUNCIL.ORG 23 O V E R V I E W
THE CONGRESSIONAL BLOCKCHAIN CAUCUS
The Congressional Blockchain Caucus was founded in the 114th Congress and is enjoying significant growth and an ever-expanding focus. We are a bipartisan group of Members of Congress and staff who believe in the future of blockchain technology, and understand that Congress has a role to play in its development. We feel it paramount that Congress be a bridge between industry and government to foster collaboration and ensure competitiveness on the global stage.
THE GLOBAL BLOCKCHAIN BUSINESS COUNCIL (GBBC)
The Global Blockchain Business Council (GBBC) is the leading industry association for one of the most impactful technologies to emerge since the inception of the internet. Launched in Davos in 2017, the GBBC brings together innovators and thought-leaders from over 50 countries to further adoption of blockchain technology by engaging and educating regulators, business leaders, and lawmakers on the benefits and applications of this groundbreaking technology. Conceived originally on Sir Richard Branson's Necker Island, the GBBC is a Swiss-based non-profit.
GENEVA | WASHINGTON, D.C. | NEW YORK CITY GBBCOUNCIL.ORG 24 D O Y O U W A N T T O L E A R N M O R E A B O U T O U R I N I T I A T I V E S ? P L E A S E V I S I T O U R W E B S I T E W W W . G B B C O U N C I L . O R G THE NYC BLOCKCHAIN CENTER The NYC Blockchain Center is an inclusive focal point for NYC's growing blockchain ecosystem, harnessing its energy, expertise, and innovation for the benefit of New Yorkers and providing a welcoming meeting place for local and global companies, academia and government to interact with entrepreneurs in the sector.
OPEN LEARNING FORUM The GBBC launched the Open Learning Forum to highlight innovative blockchain work from leading academic institutions and thought leadership platforms. As part of the Open Learning Forum, the GBBC is providing executive summaries of detailed technical reports, papers and studies to promote greater understanding of blockchain technology and its numerous applications. Accredited academic institutions, thought leadership platforms and developers are encouraged to submit reports, papers and studies.
USE CASE LIBRARY The GBBC’s Use Case Library is a collection of impactful blockchain-based use cases across industries. Explore the use case library to see how blockchain technology is changing the way your industry does business.
POST TRADE DISTRIBUTED LEDGER GROUP (PTDL) The PTDL Group is an initiative of the GBBC and includes nearly 40 financial institutions and prominent market infrastructure players from all regions of the globe whose shared vision of the use of distributed ledger technology has brought them together. The Group provides a trusted environment for key post-trade participants to collaborate and share information for the best interests of our industry. Practitioners, regulators, and central banks connect through PTDL to identify and drive activities and position-specific recommendations that may leverage distributed ledger technologies for the benefit of the post-trade industry.
THE LEGAL AND REGULATORY GROUP (LRG) The LRG Group is comprised of a global group of law firms focused on studying and anticipating the legal and regulatory changes and challenges facing the blockchain community.
LRG Members include: CKR Law LLP, Covington & Burling LLP, Latham & Watkins LLP, Norton Rose Fulbright, Ropes & Gray LLP, Shearman & Sterling LLP, Steptoe & Johnson LLP, Sullivan & Worchester LLP, Froriep, Fleming Petenko Law
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