How Blockchain Transforms B2B Transactions
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Presented at the 6th Annual Big Data Conference in Santa Clara, California
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How Blockchain Transforms B2B Transactions
- 1. Payson Johnston, CEO | PaysonJ@crowdz.io | +1.408.910.1975 | www.crowdz.io The Big Data Conference How Blockchain Transforms B2B Transactions
- 2. zenomarket The Blockchain Revolution? What needs to be Solved in B2B Demystifying Blockchain Adoption Do we need Blockchain? Today’s Agenda
- 5. zenomarket Blockchain: The Technology That’s Changing the World Connecting Via the Blockchain A distributed global network of computer systems Operates without a central governing authority Manages vast volumes of information & transaction records In permanent, tamper-proof databases called “digital ledgers” August 2017
- 6. zenomarket What needs to be solved in B2B?
- 7. zenomarket "Finance attracts most of the headlines in the blockchain world, but the biggest long-term opportunity may be in managing supply chains, which are now traced on pieces of paper, Excel spreadsheets, and incompatible computer systems.” – Barron’s Magazine Aug 17, 2018 Source: https://www.barrons.com/articles/blockchain-is- starting-to-show-real-promise-amid-the-hype-1534554901
- 9. zenomarket 300 Documents across 20 Companies Purchase Orders Invoices Bills of Lading Certificate of Origin Bill of Lading Certificates of Origin
- 10. zenomarket
- 12. zenomarket Implications for Industry Financial Supply Chain Healthcare
- 13. zenomarket Dividing Business Documents Business Rules Money Movement
- 14. zenomarket The blockchain enables and moves cryptocurrency…but it is much more.
- 15. zenomarket What is a Blockchain? $ bank L v v L L LL LL L L L L Centralized Ledger Distributed ledger technology (DLT)
- 16. zenomarket A DAPP – Distributed APP Blockchain SMART Contract DAPP Traditional Application
- 17. zenomarket China Timeline on Crypto vs. Blockchain China Outlaws ICO China Considers Blockchain China Blockchain Explosion Sep 2017 Nov 2017 May 2018
- 18. zenomarket Blockchains in China – Ether Ranked #1 Rankings from The CCID Research Institute of the Ministry of Industry and Information Technology publishes the global public-chain evaluation index
- 19. zenomarket Revolution of the blockchain: combining the documents, biz rules, and money movement Documents Money Business Rules SMART Contract
- 21. zenomarket The Hype? --------- 20% -------- ------ 40%+ -------- --------- 5% -------- --------- % -------- User Adoption
- 22. zenomarket Implications to Industry – CIO Responses 23% Will Adopt
- 24. zenomarket Can all this be done without the Blockchain?
- 25. zenomarketDigitizing & Financing the Supply ChainDigitizing & Financing the Global Supply Chain Raw Materials & Goods for the furniture supply chain Flow of Financial and Documents The Businesses Involved Mines & Mills Small Medium Business + A Few Large Players Retail Stores Small Medium Business Small Medium Business Invoice PO POInvoice Invoice PO Invoice PO
- 26. zenomarket "A lot of companies are interested in blockchain for creating more efficient workflows, but supply chain management is one of the "big, killer apps,” -Vipul Goyal, an associate professor in the Computer Science Department at Carnegie Mellon University (CMU)."
- 27. zenomarket Revolution of the blockchain: combining the documents, biz rules, and money movement Documents Money Business Rules SMART Contract
- 28. zenomarket Payson Johnston, CEO | paysonj@crowdz.io | +1.408.910.1975 | www.crowdz.io ”A $9tn market for trade finance.” – Financial Times
- 29. zenomarket
Editor's Notes
- To that end, I would like to take a few minutes to discuss three topics with you: The key elements of the Crowdz solution and the technology behind it. How the Crowdz solution can provide powerful benefits for BASF. And a 4-phase plan for us to work together. Do you have any questions before we begin?
- In Step 2 of our development, the blockchain pulls all of this together. But just what is the blockchain—this technology that PC Magazine recently called “The Invisible Technology That’s Changing the World”? There are four key characteristics of blockchain: It’s based on a distributed global network of computer systems. Unlike the regular Internet, it operates without a central governing authority. It manages vast volumes of information & transaction records. And it does so in permanent, tamper-proof databases called “digital ledgers.”
- Let me make this concept a bit more concrete for you. Consider the chair you’re sitting in. It was bought by the Barclays Purchasing Department from a reseller in London called ARAM. These chairs come from a Swiss designer. The chair was manufactured in Germany. The plastics that the chairs are made from comes from a plastics facility in mainland China that uses raw materials mined from throughout Asia. This sounds like a rather complicated supply chain for a chair, and IT IS!
- In fact, at least 300 different pieces of paper from at least 20 companies were required to make the chair you are sitting on today!
- However, there’s a glaring omission in China’s program: this new Silk Road has no digital infrastructure. It still is a very manual process, with a lot of paperwork that my family would recognize 100 years ago!
- Block chain technology is challenging the status quo in a radical way . By using math and cryptography provides open decentralized database of any and every transaction involving a value- money, goods, properties, work or even vote.. “Blockchains are ledgers, but they accept inputs from lots of different parties. The ledger can only be changed when there is a consensus among the group. That makes them more secure, and it means there's no need for a central authority to approve transactions.” Creates Ledger of transaction on the internet, that is secure, tamper proof and easily accessile Like Internet- it doesn’t have central authority, instead has a shared record of transactions distrusted amoung vast network of users.
- Like Internet- it doesn’t have central authority, instead has a shared record of transactions distributed among vast network of users. Made of series of blocks of data each of which records a batch of transaction Blocks are electronically chained together and locked up with advanced cryptographic to get permanent and public records for every transactions
- Like Internet- it doesn’t have central authority, instead has a shared record of transactions distributed among vast network of users. Made of series of blocks of data each of which records a batch of transaction Blocks are electronically chained together and locked up with advanced cryptographic to get permanent and public records for every transactions
- Like Internet- it doesn’t have central authority, instead has a shared record of transactions distributed among vast network of users. Made of series of blocks of data each of which records a batch of transaction Blocks are electronically chained together and locked up with advanced cryptographic to get permanent and public records for every transactions
- Our long-term opportunity is even greater than connecting the silk road. In the same way that the Internet became the backbone for ecommerce, Crowdz will become the backbone for all of global commerce. We look forward to partnering w/ you on this $9 Trillion market!