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Blockchain

Team Fraudstars
Frank Nieuweboer
Maria Wissing
Niek Minkels
24th of November, 2016
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Our Agenda for Today

Introduction

Bitcoin

Blockchain

Fraud prevention

Two Cases

Discussion
Not social media,
Not Big Data,
Not robotics,
()
You are surprised to learn that it is
called Blockchain!
-Don Tapscott
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BITCOIN HISTORY

NOT the first digital cash technology


Launched in 2008
Satoshi Nakamoto
Why, did he?
Cryptocurrency
Double Spending Problem
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BITCOIN - TRANSACTION

Bitcoin Wallet + App


Create a transaction:
Amount + Recipient account number
Send permission for approval to the network
Personal encryption key, creates signature
Others verify your transaction and account
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BITCOIN TECHNOLOGY BASED


NETWORK STRUCTURE

http://networkcultures.org/unlikeus/wp-content/uploads/sites/2/2013/03/networktypes.png
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BITCOIN FLAWS

Rate of Money Creation

Bitcoin rewards adopters and


speculators

Private description key is still


not secure
http://www.coindesk.com/price/
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BITCOIN - FUTURE
BITCOIN IS A CONCEPT

https://www.ft.com/content/0e37795c-ab33-11e6-9cb3-bb8207902122 https://www.ft.com/content/0e37795c-ab33-11e6-9cb3-bb8207902122
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BLOCKCHAIN - INTRODUCTION

Why do we need Blockchain


What is a block?
What is a chain?
What information can be stored?
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Byzantine Generals Problem


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BLOCKCHAIN P2P ECONOMY

Sharing Economy
vs
Peer-2-Peer Economy (P2P)
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BLOCKCHAIN - IMPACT
IMPACT ON THE FINANCIAL SERVICES

Trust Protocol
Increase in speed
Risk Management
Value Innovation
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Fraud Prevention
Blockchain: Prevention Technology

TRUST

Human Error

28%
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Financial Transaction Ledger


Blockchain: Prevention Technology

Public Private Hybrid


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Fraud Triangle
Blockchain: Prevention Technology

Rationalization
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ABC Theory
Blockchain: Prevention Technology
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Other Industries
Blockchain: Prevention Technology

Cybercrime Voting Insurance Health care


Correct source, Micro-insurances, Securely share data across
Task of tracking, casting and
Secure Information from Proof fraud claims & identities platforms
counting votes
hackers

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