1 BNDES Token And Other Blockchain Initiatives in

1 BNDES Token And Other Blockchain Initiatives in BNDES Gladstone M Arantes Jr, DSc April, 2019

2 Introduction // BNDES Brazilian Social and Economic Development Bank State-owned bank, under private law. Funding defined in Constitution. Broad mission is to induce economic e social development. Infrastructure, MSME, innovation, energy, Amazon forest, agriculture, exportation etc. Many instruments: loans (direct and indirect), equity, project finance, grants. Main provider of long-term financing in Brazil.

Challenges New/Better products and services Dialogue with society Processes efficiency • How to start doing things that we still don’t do? • How to perfect what we already do? • How to demonstrate to society the importance of what we do?

4 An implosion of trust! 87% worrried about corruption 24% government trust rating Trust arrives by foot and leaves by Ferrari. Mark Carney, Governor of Bank of England 26ª position among 28 surveyed countries

5 Client BNDESToken Supplier 1 BNDES Token = 1 Real

6 Identification on BNDESToken // Basic Concepts Client a 0 x 1 9 k Transaction Transfer 10 BNDES Token from address 0 xa 9 b 1 to address 0 x 0 f 52 Supplier 2 5 f 0 0 x Blockchain

7 Identification on BNDESToken // Basic Concepts Client a 0 x 1 9 k Blockchain Transaction Transfer Digital Declaration Company 000/000 -00 is owner of addr 0 xa 9 b 1 Supplier 2 5 f 0 0 x 10 BNDES Token from address 0 xa 9 b 1 to address 0 x 0 f 52

8 BNDESToken // Monitorando

9 BNDESToken // Monitorando

10 Blockchain Initiative – 1/3 Transparency and tracking disbursements Proofs of Concept – Done Pilots – First semester 2019 BNDESToken

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12 Blockchain Initiative – 2/3 Articulation / cooperation with other institutions Participation in Work Groups • Blockchain Work Group • Since fev / 2018 Memorandum of Understanding on Collaborative Research on Distributed Ledger and Blockchain Technology in the context of the development of the digital economy Active participation in ITU work group about blockchain – United Nations Agency for Information and Communication Technology BNDES is vice chair (Suzana Maranhão)

13 Blockchain Initiative – 3/3 Fostering Brazilian Ecosystem #DISRUPTIVETECH 4 GOOD 14 A 17 DE JANEIRO DE 2019 30+ Participations in Events

14 Ecosystem Mapping Maturity Finance Industry 8% 33% Education, Hub and Media 350 initiatives 25% Public Interest 8% Consulting and Technology 26%

15 BNDESToke n de z. 17 GLADSTONE ARANTES JR. JOSÉ NOGUEIRA JR. MARCIO ONODERA SUZANA MARANHÃO VANESSA ALMEIDA

16 Thank you! BNDES website www. bndes. gov. br Team Blockchain Central de Atendimento 0800 702 6337 International calls +55 21 2172 6337 glads@bndes. gov. br josej@bndes. gov. br marcio. onodera@bndes. gov. br suzana@bndes. gov. br vanessa@bndes. gov. br facebook. com/bndes. imprensa twitter. com/bndes_imprensa youtube. com/bndesgovbr slideshare. net/bndes Ouvidoria 0800 702 6307 www. bndes. gov. br/ouvidoria Fale Conosco www. bndes. gov. br/faleconosco