{
  "docId": "019dd923-5de0-76bd-a164-c6600823b681",
  "docSlug": "dc60737d0fab3b3d",
  "documentTitle": "Blockchain and Digital Assets",
  "authorId": "misc",
  "authorName": "McKinsey",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "strategy_consulting",
  "sourceTypeLabel": "Strategy consulting",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.778,
  "pageNumber": 13,
  "pageCount": 40,
  "prevPage": 12,
  "nextPage": 14,
  "slideType": "other",
  "function": "present_framework",
  "density": "overcrowded",
  "nDataPoints": 0,
  "notes": "The slide uses a process flow diagram to explain the mechanics of a smart contract in a lending scenario.",
  "elementsJson": [
    "headline_text",
    "bullet_list",
    "process_diagram",
    "paragraph"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5de0-76bd-a164-c6600823b681/13",
  "deckHref": "/decks/019dd923-5de0-76bd-a164-c6600823b681",
  "deckJsonHref": "/decks/019dd923-5de0-76bd-a164-c6600823b681.json",
  "deckAnchorHref": "/decks/019dd923-5de0-76bd-a164-c6600823b681#slide-13",
  "components": [
    {
      "bbox": {
        "h": 0.04,
        "w": 0.58,
        "x": 0.38,
        "y": 0.89
      },
      "kind": "callout",
      "text": "Click here to watch a short video explaining the basics of Smart Contracts",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0a4a610c-f574-48cd-882a-5b6b94cdd804",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "callout",
      "text": "The smart contract can escrow the borrower's collateral and the lender's funds. The contract can also distribute the funds once sufficient collateral is deposited, or automatically liquidate the loan if the collateralization ratio is too low.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd951-f95b-7408-8fb8-4981df526de9",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.65,
        "w": 0.58,
        "x": 0.38,
        "y": 0.18
      },
      "kind": "diagram",
      "text": "How do Smart Contracts work?",
      "attrs": null,
      "subkind": "process",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "95ae1cb8-af60-4dbf-9168-680f89a20492",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.06,
        "w": 0.28,
        "x": 0.04,
        "y": 0.38
      },
      "kind": "list",
      "text": "Smart contracts are written as code and stored on the blockchain; the code and its conditions are publicly available on the ledger",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "27133319-68f7-426b-bbd8-4599ac2e09ca",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.28,
        "x": 0.04,
        "y": 0.66
      },
      "kind": "list",
      "text": "Assets are released to the necessary parties, both parties remain anonymous throughout",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "98adf7be-6509-4073-9273-55ca32c1640e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.06,
        "w": 0.28,
        "x": 0.04,
        "y": 0.77
      },
      "kind": "list",
      "text": "Regulators are able to review the immutable transaction records to understand and investigate activity",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9efb21ba-6e46-4dcc-ae4c-8e54010ded69",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.06,
        "w": 0.28,
        "x": 0.04,
        "y": 0.52
      },
      "kind": "list",
      "text": "An event triggers the execution of coded terms in the contract (e.g., target price reached, date expired)",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b292269e-6bf2-459e-9bab-de9ed402d083",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.06,
        "w": 0.28,
        "x": 0.04,
        "y": 0.25
      },
      "kind": "paragraph",
      "text": "A smart contract is a computer protocol intended to digitally facilitate, verify, or enforce the negotiation or performance of a contract",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0889683b-70c9-4afd-864d-9c1b8b04270e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.26,
        "x": 0.04,
        "y": 0.11
      },
      "kind": "title",
      "text": "Smart contracts",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "40021564-dac7-40cc-8f81-fa113f8dd15a",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "List presentation",
      "slug": "list-presentation",
      "agent": null,
      "layer": "slide",
      "matchId": "de057c2a-bc26-44a7-b789-e706bad6d0ff",
      "evidence": "The slide presents information in a list/bullet format, describing features of smart contracts.",
      "confidence": 0.7
    }
  ],
  "frameworks": [],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}