Almost a decade ago, little-known open-source cryptocurrency called Bitcoin made its debut with little fanfare. Its underlying technological innovation has now caught the world’s attention; developers, startups, corporations, academic institutions, and governments are all examining what blockchain technology can solve. Currency, assets, identity, trade settlement, cross-border payments, privacy and regulation are areas being explored. This session will explore the past, present, and future of blockchain technology and how it may influence your business.
27. Use BlockCypher APIs & Services
● Analytics API - queries for blockchain information
● Asset API - issue & handle assets on the blockchain
● Confidence Factor - predictive & real-time analytics for unconfirmed transactions
● Contract API - call contract functions on blockchain over HTTP
● Data Endpoint - place data or a hash on a blockchain
● Microtransaction API - micropayments on-chain
● Multiple Address Wallet API - multiple addresses under single wallet name
● Multiple Blockchains - Bitcoin/Ethereum type; single API call to create new chains
● Multisignature API - multiple signature key management
● Payment Forwarding API - forward, consolidate, add commissions to payments
● Transaction API - build transactions easily
● WebHooks and WebSockets - monitoring & notifications on blockchain events
29. HTTP HTTP HTTP
T
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Distributed Datastore
Distributed Locks
Messaging
HTTP
Blockchain Layer
Web API Layer
Peer to
Peer
BlockCypher
Cluster
Other Private Cluster
Bitcoin, Ethereum,
etc.
BaaS Architecture
31. B
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c
o
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C
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s
t
o
m
BlockCypher
● Multiple blockchains on same
infrastructure
● Multiple datacenters
● No single point of failure
● Secure & hardened servers
● Linear scaling
● Uptime 99.999%
Cloud-optimized,
enterprise-grade blockchain
infrastructure
Blockchain-agnostic
infrastructure
E
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h
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e
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m
36. United States Citizenship and Immigration Services.
U.S. Customs and Border Protection.
Federal Emergency Management Agency.
U.S. Immigration and Customs Enforcement.
Transportation Security Administration.
United States Coast Guard.
National Protection and Programs Directorate.
United States Secret Service.
Data Management and Analytics
U.S. Department of Homeland Security
38. Custom Ethereum-based blockchain:
● Smart contract with ability to call an
external risk management system
during execution
● API-driven, open marketplace
● Private cloud hosted
● Block processing near real-time
● Transaction round-trip cycle time in
milliseconds
● 1000+ Transactions per second (TPS)
w/payload on desktop
Payment Cards
39. Identity Management
Challenges
● High cost of fraud
($B)
● Lack of adoption of
security
● Disclosure
● Privacy
● Ease-of-use
Solution
● User manages
identity (e.g.
biometrics) on
Shocard mobile app
● BlockCypher
publishes identity to
blockchain
Benefits
● 6 months saved in
ramp up time
● 35% costs saved in
development
● Increased scalability
and reliability
● Improved code
maintenance
Transaction API
Authentication
40. P2P Payments
Challenges
● High transaction fees
● No single P2P
platform
● Currency fluctuation
● Lack of good testing
environment
Solution
● Abra enables person
to send payment to
any mobile phone
● BlockCypher provides
notifications (e.g. for
payments)
Benefits
● Users protected from
market volatility
● Faster deposits
● Cross-border payments
● ~30% development
cost
Deposit $200
(XBT spot at 200)
Send $200
(XBT spot at 160)
Lender
(XBT spot at 160)
XBT down 20%,
Abra holding 1.25
XBT
BCY
Webhooks