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Smart Contract Templates

Lee Braine, Investment Bank CTO Office, Barclays

Presentation to CoinDesk
25 April 2016
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Introduction
Smart legal agreements
Potential benefits
large cost reductions
efficiency improvements
risk reduction
Barclays internal team
Smart Contract Templates prototype
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Industry Challenge

Extremely complex challenge


Every bank maintains its own separate ledgers
Huge duplication of effort and cost

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Potential Solution
Smart
Contract
Templates
Smart Contracts
Blockchain /
Shared Ledgers

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Our Focus

Smart Contract Templates


Connect legal text to business logic
Simplify legal documentation processes
Drive standards adoption via reusable templates
Mutualise costs via common components

Paradigm shift billions of pages of legal agreements

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Demonstration
Prototype of investment banking application
Shows lifecycle of interest rate swap

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Collaboration and Open Innovation


Barclays Investment Bank

R3
University College Londons Centre for Blockchain Technologies

ISDA - International Swaps and Derivatives Association


Socit Gnrale

Techstars
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Smart Contract Templates


Will take time to build, but potential benefits are enormous
Further collaboration is required needs industry behind it

Smart Contract Templates summit in June


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