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Blockchain explained cata

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High level introduction to Blockchain and IBM's offerings presented to the Capital Area Technology Association on 4/18/18.

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Blockchain explained cata

  1. 1. Blockchain Explained An Introduction to Blockchain for Business V5.07, 3 April 2018 Bill Lambertson Global Director, Cloud Solutions Telecommunications & Media Industry
  2. 2. Blockchain explained? Blockchain for business - examples How can IBM help you apply blockchain?
  3. 3. 3 Blockchain is creating extraordinary opportunities for businesses to come together in new ways Optimize Ecosystems Streamline business processes and the exchange of value along your ecosystem Reduce Risk Replace uncertainty with transparency and a trusted decentralized ledger Create New Value Exploit new business models and eliminate inefficiencies
  4. 4. 4 IBM is making Blockchain real for business with over 400+ engagements and multiple active networks Trade Finance Pre and Post Trade Complex Risk Coverage Identity/ Know your customer (KYC) Unlisted Securities/ Private Equity Funds Incentive Program Medicated Health Data Exchange Government Distributed Energy/ Carbon Credit Supply Chain Food Trust Provenance/ Traceability
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  6. 6. 6 This could increase worldwide GDP by almost 5% and total trade volume by 15%
  7. 7. 7 46 Blockchain & AI Artificial Intelligence- driven analysis are performed directly on the blockchain, cross- checking a myriad of regulations and records as well as supply chain and IoT data, including time, date stamps and geospatial, as well as visual information. Source: IBM Research combines AI and Blockchain: https://www.ibm.com/blogs/research/2017/05/power- blockchain-watson/ Interconnect 2017 – Everledger Diamonds Tracking on Blockchaiins - https://www.youtube.com/watch?v=-zYnYXpmtoc Advanced computer vision AI identifies a diamond from its natural properties, which can’t be changed Automatic generation of smart contracts from the Kimberly Process certification scheme 40 metadata points Everledger Diamonds www.pieroleo.com
  8. 8. 8 Benefits Reduced dispute resolution time by 75% Released working capital from $100m Combine IGF and Supplier info to further expand benefits In production since Sept 2016 Global Financing: Dispute Resolution
  9. 9. 9 Financial Public Sector Retail Insurance Manufacturing • Trade Finance • Cross currency payments • Mortgages • Asset Registration • Citizen Identity • Medical records • Medicine supply chain • Supply chain • Loyalty programs • Information sharing (supplier – retailer) • Claims processing • Risk provenance • Asset usage history • Claims file • Supply chain • Product parts • Maintenance tracking Additional blockchain examples:
  10. 10. 10 Blockchain use cases in the public sector Source: Building Trust in government – Exploring the potential of blockchains
  11. 11. 11 Other examples of blockchain Example of an unpermissioned, public ledger: • The first blockchain application • Defines an unregulated shadow-currency • Bitcoin uses public-key cryptography, in which two cryptographic keys, one public and one private, are generated. • Resource intensive Blockchains for business are generally permissioned and private, and prioritize: • Identity over anonymity • Selective endorsement over proof of work • Assets over cryptocurrency
  12. 12. Blockchain explained? Blockchain for business - examples How can IBM help you apply blockchain?
  13. 13. 13 Blockchain for business explained….. Blockchain for Business A shared, replicated, permissioned ledger
  14. 14. 14 Businesses never operate in isolation. They are participants in a Business Network. Business Networks benefit from connectivity • Participants are customers, suppliers, banks, partners , etc • Cross geography and regulatory boundary Wealth is generated by the flow of goods and services across business network in transactions and contracts Markets are central to this process: • Public (fruit market, car auction), or • Private (supply chain financing, bonds)
  15. 15. 15 Transferring Assets, building value… Ownership of assets pass across the network in return for payments, and governed by contracts. Anything that is capable of being owned or controlled to produce value, is an asset Two fundamental types of asset Intangible assets subdivide Cash is also an asset • Tangible, e.g. a house • Intangible, e.g. a mortgage • Financial, e.g. bond • Intellectual, e.g. patents • Services performed • Digital, e.g. music • Has property of anonymity
  16. 16. 16 Blockchain is a distributed ledger that creates a permanent and shared record of transactions “At its core, blockchain is a shared ledger that allows participants in a business network to transact assets where everyone has control but no one person is in control.” Leanne Kemp CEO and Founder, Everledger United Kingdom. Shared Ledger Bank AuditorOwner Notary Insurance Company Government Source: IBV C-Suite study - Three ways blockchain Explorers chart a new direction – May 2017 … with consensus, provenance, immutability and finality
  17. 17. 17 Blockchain for business requires trust Append-only distributed system of record shared across business network Business terms executed with transactions Transactions are provably endorsed by relevant participants Transactions are secure with appropriate visibility Privacy Shared ledger Smart contract Proof Increased efficiencies and cost reduction
  18. 18. 18 Shared ledger Records all transactions across business network• Shared between participants • Participants have own copy through replication • Permissioned, so participants see only appropriate transactions • THE shared system of record
  19. 19. 19 Smart contract Business rules associated with the transaction • Verifiable, signed • Encoded in programming language • Example: – Defines contractual conditions under which a bond transfer occurs
  20. 20. 20 Privacy • Participants need: – Appropriate privacy and confidentiality between subsets of participants – Identity not linked to a transaction • Transactions need to be authenticated • Cryptography is central to these processes The ledger is shared, but participants require privacy and confidentiality
  21. 21. 21 Proof The ledger is a provable source of information• Participants endorse transactions – Business network decides who will endorse transactions – Endorsed transactions are added to the ledger with appropriate confidentiality • Assets have a verifiable audit trail – Transactions cannot be modified, inserted or deleted • Achieved through consensus, provenance, immutability and finality
  22. 22. Blockchain explained? Blockchain for business - examples How can IBM help you apply blockchain?
  23. 23. 23 IBM Blockchain Strategy Drive the development of applications for specific business use-cases, to be deployed to active blockchain networks Solutions Services Ecosystem Platform Collaborate with experts from ideation all the way to production Tap into our diverse ecosystem to develop strategic partnerships and create your competitive advantage Solve critical industry challenges by building and joining new business networks and applications Develop, govern and operate enterprise blockchain networks with speed and security A founding, premier member of Hyperledger, IBM is committed to open source, standards & governance
  24. 24. 24 Hyperledger: A Linux Foundation project • A collaborative effort created to advance cross-industry blockchain technologies for business • Founded February 2016; now more than 230 member organizations • Open source, open standards, open governance • Five frameworks and five tools projects • IBM is a premier member of Hyperledger www.hyperledger.org
  25. 25. 25 Hyperledger Members (230+) Hyperledger is the fastest growing project in Linux Foundation history Academia Premier Associate General
  26. 26. 26 Distributed ledger fabric • An implementation of blockchain technology that is a foundation for developing blockchain applications • Emphasis on ledger, smart contracts, consensus, confidentiality, resiliency and scalability. • V1.1 released March 2018 – Includes significant performance, security, migration and smart contract improvements • IBM is one of the many contributing organizations http://hyperledger-fabric.readthedocs.io/ Hyperledger Fabric
  27. 27. 27 Hyperledger Composer: Accelerating Time to Value • Model your business networks, test and expose via APIs • Expose a domain specific language and transaction processor functions in Javascript, • Applications invoke transactions to interact with business network • Integrate existing systems of record • Fully open and part of Linux Foundation Hyperledger • Try it in your web browser now: http://composer-playground.mybluemix.net/ • A suite of high level application abstractions for business networks • Emphasis on business-centric vocabulary for quick solution creation • Reduce risk, and increase understanding and flexibility Hyperledger Composer Hyperledger Fabric
  28. 28. 28 Introducing the IBM Blockchain Platform Hyperledger Composer DeveloperTools IBM Cloud OperationalTools GovernanceTools Blockchain application Hyperledger Fabric IBM Blockchain Platform is a fully integrated enterprise-ready blockchain platform • Designed to accelerate the development, governance, and operation of a multi-institution business network • Developer tools that make use of Hyperledger Composer to quickly build your blockchain application • Hyperledger Fabric provides the ledger, which is managed through a set of intuitive operational tools • Governance tools for democratic management of the business network • Flexible deployment options, including a highly secure and performant IBM Cloud environment http://ibm.biz/Platform_Demo Try IBM Blockchain Platform @ https://www.ibm.com/blockchain/
  29. 29. 29 Getting started on your blockchain journey Learn More About IBM Blockchain Schedule an IBM Blockchain Workshop Develop a Blockchain Application Activate and Grow your Blockchain Network
  30. 30. Questions? Tweet us or go to ibm.com/blockchain @IBMBlockchain IBM Blockchain IBM Blockchain Thank you Bill Lambertson Global Director, Cloud Solutions Telecommunications & Media Industry
  31. 31. © Copyright IBM Corporation 2018. All rights reserved. The information contained in these materials is provided for informational purposes only, and is provided AS IS without warranty of any kind, express or implied. Any statement of direction represents IBM's current intent, is subject to change or withdrawal, and represents only goals and objectives. IBM, the IBM logo, and other IBM products and services are trademarks of the International Business Machines Corporation, in the United States, other countries or both. Other company, product, or service names may be trademarks or service marks of others.

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