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Blockchain and DLT Solutions

LEADING THE WAY WITH ADVANCED BLOCKCHAIN AND DLT SOLUTIONS

Hyperledger Fabric (Open Source, Oracle, IBM)

Hyperledger Besu Quorum

Quorum

Corda (Enterprise, Community, Open Source)

Oracle Blockchain

Hyperledge Indy

Hyperledger Sawtooth

Digital Asset

INDUSTRY-SPECIFIC BLOCKCHAIN/DLT USE CASES

FinTech

  • Cross-Border Payments: Using blockchain for faster, more cost-effective international transfers.
  • Smart Contracts Automating contractual processes and reducing reliance on intermediaries.
  • Fraud Detection Leveraging the transparency and immutability of blockchain to track and prevent fraudulent activities.

Retail and Ecommerce

  • Supply Chain Transparency: Using DLT to track product journeys from origin to consumer, promoting transparency and trust.
  • Tokenized Loyalty Programs: Creating blockchain-based loyalty points that are easily traded and redeemed.
  • Counterfeit Prevention: Leveraging blockchain's tamper-proof nature to authenticate products and prevent counterfeiting.

Government

  • Identity Verification: Implementing a blockchain-based ID system to enhance security and streamline verification processes.
  • Voting Systems: Using blockchain for tamper-proof, transparent, and efficient voting systems.
  • Land and Asset Registry: Utilizing DLT for transparent and immutable record-keeping of land and asset ownership.

Healthcare

  • Patient Data Management: Leveraging blockchain for secure, interoperable, and patient-centric health data management.
  • Drug Traceability: Utilizing DLT to track pharmaceuticals from manufacturer to patient, ensuring authenticity and safety
  • Clinical Trials: Applying blockchain to maintain the integrity and transparency of clinical trial data.

Events

  • Ticketing: Using blockchain to eliminate ticket fraud and scalping
  • Attendee Verification: Implementing a blockchain-based system to streamline attendee verification and check-in processes
  • Event Financing: Leveraging blockchain for transparent and efficient crowdfunding or sponsorship of events.

Insurance

  • Claim Processing: Implementing smart contracts for automated and transparent claim processing.
  • Fraud Detection: Using blockchain's transparency to detect and prevent fraudulent claims
  • Reinsurance: Leveraging DLT to streamline data sharing and reduce disputes in reinsurance.

Retail Central Bank Digital Currency (CBDC)

  • Instant Payments: Retail CBDC could allow instant peer-to-peer payments, reducing the reliance on bank intermediaries and eliminating processing times.
  • Financial Inclusion: Retail CBDC can be easily accessible to unbanked or underbanked populations, fostering greater financial inclusion.
  • Fraud Prevention: Blockchain's immutability could help in reducing payment fraud and enhancing the security

Wholesale Central Bank Digital Currency (CBDC):

  • Interbank Payments: Wholesale CBDC could streamline and secure interbank transactions, promoting greater efficiency and reducing counterparty risk
  • Real-time Gross Settlement: Blockchain could facilitate real-time gross settlement systems, ensuring instantaneous and secure transfers.
  • Smart Securities: The implementation of smart contracts could automate the issuance and settlement of securities, reducing operational costs and errors.

Gas and Energy

  • Grid Management: Blockchain could allow for a decentralized and transparent energy grid, where users can trade energy peer-to-peer
  • Renewable Energy Certificates: Blockchain could track the generation and ownership of renewable energy certificates, promoting green energy initiatives.
  • Supply Chain Transparency: From extraction to delivery, Blockchain can provide full visibility and traceability within the supply chain, ensuring compliance and authenticity

Gas and Energy

  • Grid Management: Blockchain could allow for a decentralized and transparent energy grid, where users can trade energy peer-to-peer
  • Renewable Energy Certificates: Blockchain could track the generation and ownership of renewable energy certificates, promoting green energy initiatives.
  • Supply Chain Transparency: From extraction to delivery, Blockchain can provide full visibility and traceability within the supply chain, ensuring compliance and authenticity.

WHOLESALE CBDC USE CASES

Widened Access for Interbank Settlement:

Interaction Design

•Allows non-RTGS participants to participate in interbank settlement
•Real-world example: Foreign banks, PSP, regional and small banks using CBDCs
for financing agricultural projects with a regional bank

Efficient AML for Interbank Transactions:

Interaction Design

•AML screening can be conducted in real-time during interbank settlements
•Real-world example: A high value/risk transaction is flagged in real-time to the
AML monitoring system at a low cost

CBDC as a Payment Instrument for FMIs:

Interaction Design

•Simplification in financial journey and better liquidity in the financial ecosystem
•Real-world example: Settlement of equities or fixed income instruments in
financial markets

Cross-Country Settlement:

Interaction Design

•Enables faster interbank transactions, reducing the number of intermediaries
•Real-world example: Banks in the GCC region carrying out netting financial
transactions across borders

Hybrid Sukuk / Payment Instrument:

Interaction Design

•Simplifies process and integrates it with treasury function in a sustainable fashion •Real-world example: Use of Sukuk as a rent-bearing payment instrument for commercial paper

CBDC for Treasury Trade:

Interaction Design

•Allows high levels of operational efficiency in inter-bank treasury trades without
intermediaries
•Real-world example: A bank uses CBDC for an atomic swap deposit, reducing the need
for central bank reserves

CBDC for Bond Pledging:

Interaction Design

•Simplifies treasury management and provides a real-time view of portfolio exposure
•Real-world example: A bank pledges bonds against CBDC for handling bank treasury

CBDC for Syndicated Lending:

Interaction Design

•Simplifies the process of funding and repayment of syndicated loans •Real-world example: A tokenized syndicated loan funded and repaid using CBDC

Liquidity Pools:

Interaction Design

•Allows wider access to liquidity pools and reduction of counterparty risk
•Real-world example: A small business pledging CBDC in a liquidity pool, allowing banks
to borrow against it

CBDC as Instrument for FMIs:

Interaction Design

•Simplification in financial journey, better liquidity in the financial ecosystem, and lower
transaction costs
•Real-world example: CBDC being used as a central instrument in private and public
financial markets

PROGRAMMABILITY APPLICATIONS OF CBDCS

Programmable Money – Bank as a Service for Customers:
  • Allows customization of CBDC transactions for unique requirements
  • Real-world example: A customer can program a CBDC transaction to automatically pay their rent on a specific date each month, reducing the risk of late payments and eliminating the need to manually transfer the rent each month.
Social Welfare payment with programmability:
  • Ensures the use of CBDC for specified goods and services in a welfare program
  • Real-world example: A government could distribute social welfare payments in the form of CBDCs that are programmed to only be redeemable for essentials like food, housing, or healthcare services. This prevents the misuse of social benefits for non-essential or harmful products.
Programmable Portable Repos (Loan Agreement):
  • Enables digitization and automation of repurchase agreements (repos) using CBDC
  • Real-world example: A financial institution could lend securities to another institution with an agreement to repurchase them at a later date. This agreement could be automated using a CBDC that's programmed to automatically execute the repurchase transaction on the agreed date. This can streamline the process, reduce errors, and minimize counterparty risk.
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