Agenda

3.30-4.00: Registration
4.00-4.05: Introduction by Arnaud de Bresson (Paris EUROPLACE)
4.05-4.10: Introduction by Frederic Dalibard (Natixis and R3 Chairman)
4.10-5.00: Presentation R3 by Clive Cooke (R3)
5.00-5.10: French regulatory changes in Blockchain by Hubert de Vauplane (Kramer Levin Naftalis
& Frankel)
5.10-5.30: Presentation Corporate KYC project by Estelle Roiena (R3)
5.30-5.45: Q&A
5.45-6.30: Closing drinks

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 Introduction to R3
ESTELLE ROIENA | MAY 2018

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 R3
SECTION

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 The R3 network is an alliance of the world’s largest banks,
insurers, regulators, exchanges, law firms, corporates, partners
and financial technology providers committed to delivering the
next generation of trade based on blockchain

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Blockchain is the new operating system for business
Company A Company B Company A Company B Company A Company B

Action Action Action Action Action Action

Perception Perception Perception Perception Shared Perception = Truth

Processing Processing Processing Processing Shared Processing Logic

Communication Communication Internet Shared Communication

Before the Internet Now After Shared Ledger

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The Truth – “I Know That What I See Is What You See”

We both see the

This is what I same thing
This is what I think think I owe
I am owed

Supplier Customer
Supplier Customer TOMORROW
TODAY
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 Blockchain enables competing firms to:

Ø Collaborate and maintain one secure database

Ø Run software that communicates with their
counterparts and
Ø enables a near-instant update in their systems
without relying on intermediaries,
reconciliation, matching or manual fixes

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 DLT / Blockchain has huge potential to drive change

Financial Institutions Regulators Operations Individuals

These four use

cases alone could • Crowdfunding
• KYC / AML • Client Onboarding
generate $60- • KYC / AML • Peer-to-Peer Lending
80bn in cost • Derivatives Clearing • Regulatory Reporting • Real-Time Settlement
savings1 • Repo Clearing • Virtual Identity
• Compliance Reporting • Common Ref Data
• Cross Border • Credit Scoring
• Trade Reporting • Timestamping
Payments
• Risk Visualization • Cross Border
• Trade Reconciliations • Account Portability Payments
• Basel III Compliance
• Margin / Collateral • Fraud Identification • Vault/Escrow Services
• Real-Time Settlement • Client Transparency
• OTC Life-Cycles • Customer Deposit Cost

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(1)Source: McKinsey 2016 Findings From Research Into Distributed Ledger Technology
The R3 Member Network
Regulators:
20+ Regulators and
Central bank
members including;
• HKMA
• AMF Montreal
• Abu Dhabi Global
Markets

Partners:
90+ partners which
includes system
integrators &
advisory,
independent
software vendors,
Infrastructure/
technology partners
and network service
providers

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R3 Partner Network
Delivery Partners Partner Solutions
(Systems Integrators & Advisory) (Independent Software Vendors)

Infrastructure / Technology Partners Network Service Providers

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 Corda
SECTION

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 Meet Corda

The open Blockchain platform for digital cash, assets

and trade. Designed for business, built for privacy

p12.
 Blockchain-inspired: the best Consensus: achieved at individual deal level, rather
attributes of Bitcoin / Ethereum, but than system level. Supports a variety of consensus
no cryptocurrency mechanisms

Enterprise grade: built specifically Regulator-focused: design directly enables

for business regulatory/supervisor observer nodes

Smart contract: strong link between legal prose

Data privacy: transactions shared on
and smart contract code
a need-to-know basis

Easy integration: reuses existing java developer skills making

integration with bank systems easy and safe

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Platform
•October 2017
1.0 •API Stability

•November 2017
2.0 •Observer Node

•March 2018
3.0 •ABI/Wire/Data/Schema
stability
 Interoperable Networks on Corda

Business
Networks

Corda ensures cash and assets do not have to go

“off-chain” to settle

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 Corda Network is a global network of Corda nodes sharing standards,
frameworks, and governance

Bitcoin/Ethereum Fabric/Quorum Corda

• Public permisionless • Multiple Siloed Private • Public blockchain with identity
blockchain Networks • Multiple private business
• Poor privacy, network • Stranded Assets networks
inefficiency • Transferable assets

16 Global connectivity, business privacy, asset mobility, network efficiency

 R3 Member Services
SECTION

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 Why do members join the R3 network ?
Because with R3 you can;
• Join the financial ecosystem of the future: worlds largest
blockchain network with over 200 members, partners,
regulators, central banks

• Access to 3 years of experiments some of which have

matured into pre-production projects

• Train technologists and end-users to leverage Corda

• Help build and deploy the operating system for the future
of finance, delivering a broader understanding of the
benefits of Blockchain

• Introduce you to live projects that will impact your

business in the short-term

• Help you understand how Central Banks Digital Currencies

and other Cash/Payments initiatives will disrupt how
business is executed today
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R3 guides customers through their Blockchain journey

Learn Apply Deliver Leverage

• Blockchain training • Scheduled project • Corda Solutions • Corda app store

• Corda training • Corda Connect • R3 Professional • Connecting buyers

services and sellers
• Research library • Road-maps &
Working groups • Delivery partners • Customer benefit

R3 Consortium
Banks, Regulators, Lawyers, Corporates, Technology Partners
 Learn

Interactive, web-based education via Lesson.ly, an

Online online training platform
§ Installing Corda
Education § What is a Notary?
§ Understanding Oracles
§ Understanding Consensus
§ Understanding Identity § DLT 101
§ Legal Prose § The Corda Ledger

Corda training for developers available

both virtually and in-person
Corda § Corda Certification § Corda for Non-Programmers
Training § Corda Train-the-Trainer § Corda for Attorneys
§ Corda Enterprise § Corda for Architects
Since March, we have § Building a CorDapp § Corda for Regulators
delivered classroom Corda
training to 1000+ developers
Unlimited access to collateral
worldwide § Extensive DLT whitepapers and research reports
Research § 60+ Private Blog Posts
Access § CBDC research papers
§ Previous project outcomes

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Apply
Goal: Demonstrate how Corda can be used to solve business problems
using a KYC CorDapp example.
Corda KYC
Method: Guided learning materials to explain the business and technical
considerations required to build the CorDapp. This will culminate in a
global live trial of the prototype CorDapp on Corda Network.
Deliver
Offering guidance on building CorDapps and Corda Business Networks

R3 Engagement Models

Incubator Accelerator

Business Case CorDapp Design Commercial Business Network Industry

Development Design Legal and Reg Engagement
Models

R3 Delivery Framework
Propose your own project

Syndicated Asset Ownership The Loan Exchange

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Leverage: Matching Partners to Opportunities
R3 work with software vendors and partners to build applications (CorDapps) that will sit on top of the
Corda Network
ISV & Network Partners
Customers |Members | Stakeholders

CorDapps

Delivery & Infrastructure Partner

Regulators |Central Banks | Legal

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CorDapps will bring real world business solutions to our clients
CorDapps are distributed top of stack applications built on Corda, made enterprise ready by our
partner network.

Digital Identity Insurance Cash and payments Trade finance Capital markets

C ORDAPPS

PARTNERS
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Portfolio of projects

HQLAx - Distribute liquidity more efficiently

Marco Polo – Open account trade finance

Finastra – LenderComm syndicated lending

Calypso - FX settlement confirmation

VoltronX – Documentary trade automation

LEIA II – Corporate self sovereign KYC

Maison – Regulatory reporting for mortgage

EuroDebt – Debt Issuance

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Project HQLAx Tokenization of baskets of securities
to distribute liquidity more efficiently
Vision A collateral lending solution for sourcing or providing High
Quality Liquid Assets (HQLA) on Corda

Objectives To build an exchange that improves HQLA

upgrade/downgrades by utilizing distributed ledger
technology for the tokenization of baskets of securities that
allows for quick, legal transfer of HQLA and re-
hypothecation

Benefits Improve collateral fluidity

Real-time and atomic legal title transfer enabling DvD
(Delivery vs. Delivery) of baskets of securities
Enhance regulatory transparency of collateral chains
Mitigate systemic risk

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Project Marco Polo Open Account Trade

Vision Project Marco Polo envisions a universal solution to facilitate

all trade finance services, focusing on open account in 2018

Objectives The project is focused on deploying an open trade finance

platform built on a global network powered by open APIs and
Corda distributed ledger technology

Benefits Enable trading parties and their financiers to dramatically cut

back-office costs
Eliminate operational friction
Reduce fraud and compliance risk Technology Provider

Open up new revenue streams

Enable entirely new ways of managing and financing trade.

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Project VoltronX Documentary Trade

Vision Voltron will deliver a CorDapp to provide a simplified customer

experience in executing letter of credit (LC) applications

Objectives Support a pilot Letter of Credit transaction, utilising an electronic bill

of lading Title Registry and Legal rulebook, deployed on Corda and
the R3 Network. Scale the network and pilot clients throughout
2018.

Benefits Simplified customer experience

Greater straight through processing, reduce operational costs
Interoperability across Bolero’s e-Bill-of-Lading Title Registry
Improved checks to automate manual verification of documents

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Project EuroDebt ECP / EMTN / Eurobonds

Vision Deliver a new application and business model for the

issuance, dealing and settlement of Euro Commercial Paper
on Corda.

Objectives To deliver the full ECP trade lifecycle on a Distributed

Ledger into production & scale across key jurisdictions.

Benefits Cost saving

Transparency & Ownership tracking
Standardisation & automation
Instant settlement

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Corda is live….

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Projects going into production this year

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Across all industries

From Healthcare to Energy

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 Buy-Side initiative
SECTION

04
R3 Buy Side Strategy
DLT Business Application(s)

R3 are working with incumbent and new technology partners within the Asset Management industry to
bring a number of existing business lines on ledger driven by growing appetite for cost savings & efficiency
including;
• Transfer Agency / Asset Distribution
• Asset Registry
• KYC/AML
• Collateral Management
• Post Trade Services (Confirmations, Custody, Settlement)
DLT is widely recognized as being very applicable to the migration of all of the above functions onto the
ledger.

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DLT unlocking intermediary service lines between Asset Owner &
Asset Management

Investors Distributors/ Fund Transaction Transfer Fund Acct/ Asset

Intermediaries Platform Network Agency Custodian Managers
 Legal Center of Excellence
SECTION

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 Introducing: The R3 Legal Center of Excellence

Co-Branded
Access to R3 Educational Thought
Research Portal Modules Leadership Pieces

12 Monthly
Project Insights
Demos Newsletter
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Current members

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Get in touch

Clive Cooke
Head of Business Development
clive@r3.com Emails – phone numbers

Estelle Roiena
France lead
Estelle.Roiena@r3.com
 Thank you
Estelle.Roiena@r3.com l +44 746 3300 779

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