Can blockchain disrupt tmt

What is blockchain?

The ‘DNA’ of a transaction

In 2008, the global financial system collapsed. As a consequence, big banks had to be bailed out. Trust in the financial system was lost.

The same year, an unknown blogger, Satoshi Nakamoto, published ”Bitcoin: A Peer-to-Peer Electronic Cash System”, eliminating middlemen (banks) from any digital transaction. Blockchain is the technology that supports this revolution, fulfilling digital transactions faster and more cost effectively through a public, distributed and encrypted database.

How it works Highlights

Send An unchangeable record block where all related parties contain the entire history of an asset

$3.2 Billion Raised by Initial Coin Offerings (ICOs) in 20171

Approve A new transaction is compared to the original record to be approved

1,278% Bitcoin’s returns in 20171

Read $9.7 Billion Forecasted spend on blockchain for 20212

Once approved, a new block is added to the chain and updated throughout the chain

There are three types of blockchain Public

Consortium

Private

Read transactions

Anyone

Limited

Limited

Send transactions

Anyone

Limited

Centralised

Approval process

Anyone

Few members

Centralised

Cryptocurrencies

Financial groups

Settlement systems

Examples

1 – Coindesk, State of Blockchain, 2018 2 2 – IDC, Spending Guide, 2018

© 2021 confidential

TMT can drive blockchain and vice-versa

Ten years after its conception, blockchain is being used to transfer currencies worldwide, certify marriages and validate medical records. We believe that the TMT industry has significant opportunities to drive this forward.

For example, streamlining internal processes and enabling collective ‘DIY’ transactions can game-change the way consumers and businesses share data, pay and communicate. Below we’ve curated a sample of service, platform and infrastructure innovators in the blockchain market.

Examples of innovation in TMT

infrastructure

Platform

Services

Music Media ecosystem to enable artists to share their work and receive instant royalties

Mobile payments Remittance mobile payments for the un-banked in emerging economies

BSS/ OSS

ID management

Smart billing & payment networks to electronically certify and notarise settlements and payments

Create certified digital IDs, reducing the need for multiple security checks

Telco wholesale

Internet of Things

Reduce cost of dual roaming agreement reconciliation and eliminate roaming and wholesale fraud

Decentralised network that enables devices to interact and transact using smart contracts

Future-gazing disruptors Will enable enterprise and government customers to integrate blockchain solutions into existing systems, using Guardtime KSI® Blockchain capabilities

3

Is developing the first ‘blockchain smartphone’, deemed to be unhackable and crypto-ready.

Reportedly, they are in talks to build one for Huawei

Aims to be the world’s first decentralised mobile network, creating a sharing ecosystem for global Wi-Fi, SMS and data

© 2021 confidential

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Red Dawn Consulting has provided rigorous market analysis and winning strategies to deliver growth for +100 companies in the Telecom, Media and Technology industry. Our strategies are grounded with an intimate understanding of competition, customers and emerging innovations from around the world.

Talk to us about building a winning blockchain applications.

Arun Dehiri

arun@reddawnconsulting.com

Managing Director Adriana Portela

adriana@reddawnconsulting.com

Senior Consultant

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