Information Ledgers on R3 Corda Commodities Trade & Logistics PoC. Copyright 2018 Tata Consultancy Services Japan Ltd.

Transcription

1 CordaCon Tokyo 2018 Information Ledgers on R3 Corda Commodities Trade & Logistics PoC 1 7th March 2018

2 Distributed Ledger Technology TCS BFS Overview Demonstrable Use Cases and POCs in Banking and Financial services Experiments / Partnerships with multiple technology platforms Joint PoCs / Pilots Payments Securities - Global Payments - Security Issuance - Domestic Payments - DVP Settlement - Intra-group Payments - Corporate Action - Securities Trading Participating in various standards initiatives across the globe 250+ demos/discussions with more than 100 financial institutions Trade Finance - Documentary Collections - Smart Contracts (L/C, etc.) - Invoice Registry Digital Time Stamp - Intra-group / Inter-bank KYC - Centralized KYC - Reference Data 25+ demonstrable PoCs/Pilots Key focus area of research is to enable our customers to realize the business benefits by moving the technology to production 2

3 Use Cases for Capital Markets Smart Financial Assets Financial Asset Servicing Security Financing Investment Management Issued, serviced & transacted on distributed ledger Private Markets, Syndicated Loans, Receivables Commodity Contracts Fixed income, equity, derivatives Trusted and verifiable C/A announcements Voluntary action processing Proxy Voting SSIs, Reference Data Tax Handling Trading and processing of products like Repo, Security Lending Collateral management and margin workflow Illiquid Securities Trading Improved funds distribution and transfer agency Optimize fund accounting information flows 3

4 R3 Corda - Experience Global SI Partnership with R3 Strong alignment with Corda principle and relevance to banking industry Mapping several use cases to R3 Corda platform Developed multiple PoCs for customers using R3 platform In-house training program developed Trained over 100 associates in Corda platform 4

5 Information Ledgers on R3 Corda Key requirements Permissioned Ledgers; Controlled Onboarding of parties Information shared with parties only on need-toknow basis Business data and attachments (not just hashes) need to be exchanged without compromising privacy Non-repudiation and consistency of information across nodes Flat Information Flows Scalability; No performance degradation when more parties are added to the network 5 Corda Platform Support Doorman Service. Key principle of R3 Corda Supports peer-to-peer exchange of information Digital signatures, Notary and Smart Contracts Design of State Objects Only parties involved in the transaction flow are processing the transaction; Processing time is independent of the number of nodes in the network

6 Commodities Trade & Logistics PoC - Scope Oil Trading Co. Trades Propose Negotiate Affirm Movement Information Ledgers Platform Sponsor Members Management Client On-boarding Network Management Notary services DLT based information sharing platform for Banks, Trading houses, Shipping companies and third party agents Banks Finance Sponsor will govern the members and define the policies of the DLT network Shipping co. Quantity Key Features Smart Contracts Enhanced data privacy No transaction info stored in any node of unrelated parties Immutability of information Inspection Agent Inspection Details Non repudiation, audit trail Near real-time information exchange Replace system to system integration Data visibility based on role of the parties involved in the trade Broadly represent all the key features required in information ledger use cases 6

7 Commodities Trade & Logistics Information Ledger Use Case ABC Corp Loading process Agent-loading (Inspection) 7 ( update details) Movement Agreement (Loading) 4 (create movement) 5 (update details) 6 (confirm quantity) 2 (logistics) 8 (update delivery info) 3 (update Shipping info) 1a Trade Agreement -1 Logistics Agreement USPLogistics INDCorp 1b Trade Agreement -2 Discharge process Agent-discharge(Inspection) Movement Agreement (Discharge) 7 XYZCorp

8 Demo 8

9 IT Services Business Solutions Consulting THANK YOU!