1. APPLICATION OF BLOCKCHAIN IN INSURANCE, BANKING AND FINANCE REGULATORY BODIES

2. FLOW OF PRESENTATION ABOUT US
CONSTRAINTS FACED BY THE REGULATORY BODIES AND HOW SNAPPER CAN HELP THEM
REGULATORY BODIES
KYC- KNOW YOUR CUSTOMER
SMART CONTRACT- GRIEVANCE REDRESSAL MECHANISM- OMBUDSMEN
CENTRALISED LEDGER
VS DISTRIBUTEDLEDGER
TRADE FINANCE
COST SAVINGS
EFFICIENCY
CHINALEDGER
CONCLUSION

3. WE ARE TEAM OF EXPERTS BRIDGING ARTIFCIAL INTELLIGENCE,
BLOCKCHAIN,
CYBER SECURITY
PROVEN USE CASES ACROSS
ECOSYSTEMS.

4. SOME COMMON CONSTRAINTS FACED BY THE REGULATORY BODIES AND HOW SNAPPER CAN HELP THEM

5. REGULATORY BODIES
BANKING
CAPITAL MARKETS
INSURANCE

6. KYC – KNOW YOUR CUSTOMER
PROBLEMS
Man power engaged in updating KYC data has been increasing every year.
70% of financial institutions and 30% of the corporate respondents have been updating their material changes in KYC status such as Ownership change.
TIME Process to handle KYC takes too long— industry average of
26 days*
IDENTITY- Impossible to identify client with 100% certainty
WHAT SNAPPER IS DOING
Usage of man power will be reduced by 40% in updating the KYC
Distributed ledger will help to share the data among participating nodes
Real time updating- minutes
Transparency

7. 87% of banks and 75% of investment bankers believe that regulatory and legislative change is the most influential factor for KYC

8. SMART CONTRACT- GRIEVANCE REDRESSAL MECHANISM- OMBUDSMEN
Average cost of handling a complaint was ₹ 4396 – Implementing Smart Contract enabled redressal mechanism will reduce cost by 33%

9. CENTRALISED LEDGER VS DISTRIBUTED LEDGER

10. TRADE FINANCE

11. COST BENEFIT REDUCED RECONCILATION COSTS BETWEEN BANKS
SAVE COSTS ON FOREX VOLATILITY
SAVE COSTS OVER DELAYED SETTLEMENTS
COST BENEFIT

12. EFFICIENCY RESILIENCE THRROUGH REDUNDANCY REDUCED TIME FOR PROCESSING
FASTER SETTLEMENT
Blockchain technologies could help enable greater efficiency, growth and competitive advantage.

13. A PROOF OF CONCEPT
ChinaLedger is more of an alliance that aims to maintain a shared base platform with common features together while constructing their applications on respective implementations of the base platform.
ChinaLedger will play in the development and commercialization of blockchains in China.
The ChinaLedger alliance will specifically address various regulatory conflicts and work with its 11 regional commodity exchanges to establish a nationwide standard for the implementation of distributed ledger technology (DLT).
ChinaLedger will work with the Internet Securities Commission of the Securities Association of China (SAC), an industrial self-regulatory body supervised by the China Securities Regulatory Commission that also functions as an advisory to the alliance.

14. CONCLUSION
BLOCKCHAIN, IOT & SMART CONTRACTS
TRADITIONAL PROCESS

15. THANK YOU