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Ten Blockchain Applications

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In this webinar Prof. Banafa will discuss in details the use of Blockchain in the following businesses: Insurance; Payments; Internet-of-Things (IoT); Supply Chain; Healthcare; Government; Identity; Advertising; Marketing; Banking.

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Ten Blockchain Applications

  1. 1. Ten+ Blockchain Applications Prof. Ahmed Banafa IoT-Blockchain-AI Expert | Faculty | Author | Keynote Speaker CA, USA
  2. 2. Prof. Ahmed Banafa has extensive research work with focus on IoT, Blockchain, cybersecurity and AI. He served as a faculty at well-known universities and colleges. He is the recipient of several awards, including Distinguished Distinguished Tenured Staff Award, Instructor of the year year and Certificate of Honor from the City and County of of San Francisco. He was named as No.1 tech voice to follow by LinkedIn, featured in Forbes, IEEE-IoT and MIT Technology Review, Review, with frequent appearances on ABC, CBS, NBC and and Fox TV and Radio stations. He studied Electrical Engineering at Lehigh University, Cybersecurity at Harvard University, and Digital Transformation at MIT . Prof. Ahmed Banafa
  3. 3. Two Books about the topics August 2019Nov. 2018
  4. 4. Albert Einstein
  5. 5. But what is Blockchain?
  6. 6. Best Definition of Blockchain?
  7. 7. Cryptography +Human Logic Dr. Abel Sanchez -MIT
  8. 8. Let’s put all together …
  9. 9. What is Blockchain? • A distributed ledger that is shared by participants in an ecosystem over a public or private computing network. • Every piece of information in the ledger is secure because it’s encrypted using public-key cryptography, which can only be decrypted with the appropriate private key. • Each participant in the network has an identical copy of the ledger in their computer; its contents are only available to those with the proper private/public keys. • New information can only be added to a Blockchain; it cannot be removed or overwritten, thus creating a perfect audit history of all the transactions in a ledger. • Various consensus protocols are used to validate a new block among ecosystem participants before it can be added to the ledger. • Ledgers can include smart contracts, that is programs automatically triggered when a set of pre-specified conditions are met. https://blogs.wsj.com/cio/2018/12/19/blockchain-beyond-the-hype/
  10. 10. The Five Components of a Blockchain: •Cryptography •P2P Network •Consensus Mechanism •Ledger •Validity Rules
  11. 11. Blockchain Tracks To understand the direction of Blockchain technology in 2019 and beyond, we need to recognize the three tracks of blockchain technology:
  12. 12. Types of Blockchain Blockchain Private Public Federated Or Hybrid
  13. 13. Attheendof2018,36blockchainstartupshad been acquired. Roughly30%fromtheBayArea. https://www.bizjournals.com/sanfrancisco/news/2018/10/18/ticketmaster-snaps-up-blockchain- company.html
  14. 14. Blockchain in 2019 ? Paul Brody, Ernst & Young's (EY) Global Innovation Leader for Blockchain Technology, said the Blockchain market over the past 18 months has been moving through an "explain this to me" phase (PowerPoint) into the "prove it to me" phase (working conference room pilots). Prove it to me Explain this to me
  15. 15. Here are four ways that blockchain is actually useful for to avoid pilot to production failure. • The first use case is for guaranteed and verified data dissemination. • The second use case is asset and product tracking. • The third use case is asset transfer. • The fourth use case is certified claims. Mike DiPetrillo’s IEEE Global Blockchain Summit Keynote
  16. 16. All Started with this paper …
  17. 17. https://nakamotoinstitute.org/bitcoin/
  18. 18. Implementation 2018-2019
  19. 19. Some of the Challenges Facing Blockchain
  20. 20. More Challenges …
  21. 21. • Scalability • Processing Time • Processing Power • Storage • Regulations • Public perception (Blockchain is Bitcoin) • Lack of skilled staff • First Mile and Last Mile problem • 51% attack • Double Spending • Stupid Smart Contracts
  22. 22. Current solutions…
  23. 23. Source: 101Blockchain
  24. 24. Applications
  25. 25. Key Blockchain use cases • Blockchain use cases fall into two fundamental categories: record keeping, static registries of data about highly valuable assets, and transactions, dynamic registries of the exchange of tradeable assets. • Record keeping use cases include the long term safeguarding of data on valuable physical and digital assets, keeping track of identity- related information about individuals and executable smart contracts based on pre-defined conditions. • Transaction use cases include keeping track of data about frequently exchanged assets, near-real-time digital payments and emerging digital assets. https://blogs.wsj.com/cio/2018/12/19/blockchain-beyond-the-hype/ Record keeping Transaction
  26. 26. Blockchain + IoT + AI
  27. 27. Walmart-Led Blockchain Effort Seeks Farm- to-Grocery-Aisle View of Food Supply Chain
  28. 28. Examples CVTrust, Accredible
  29. 29. How Blockchain Can Help Advertising • For buy-side transparency: Blockchain for auditing • For sell-side transparency: Proof-of-view to fight fraud • PoV only records views from signed-in users, since the viewer’s unique ID is part of the information required for a view to be considered valid. • Since most people are only able to watch one video at a time, the PoV will invalidate views from a user who is streaming multiple videos simultaneously. • The PoV technology confirms that a video is actually being streamed by capturing information about the current frame at random times. • Using smart contracts to document views and who gets paid
  30. 30. MANUFACTURER SERIALIZATION AGGREGATION LOGISTICS SHIPPING WHOLESALER PHARMACY 1. Certificate of origin 2. Batch numbers 3. Processing data 1. Shipment date 2. Order number 3. HSS code 4. Barcode 1. Certificate of Origin 2. Batch number 3. Production data 1. Shipment date 2. Order number 3. HSS code 4. Temperature 5. Barcode 1. Order number 2. Shipment number 3. Equipment number 4. Temperature 1. Receive data 2. Pick date 3. Packaging specification 4. Packaging barcode 5. Temperature 1. Receive date 2. Order number 3. Invoice number 4. Customer ID 5. Temperature Blockchain Leverage Blockchain and Sensors to Enable Trust, Transparency & Authenticity In Supply Chain STATWEG
  31. 31. -By installing Bakkt’s payment software in stores customers will be able to pay with crypto. - Two year supply chain pilot utilizing traceability technology. The goal is to contribute to financial independence of farmers, and to develop transparency for consumers. It allows evidence of a DocuSigned agreement to be automatically written to Ethereum. For customers who want evidence of agreements to exist in a neutral environment, not owned by any particular entity, this solution is ideal. Acquired Upgraded to help with transparency, ticket distribution, and fraud prevention. The technology enables Ticketmaster to digitize traditional tickets into interactive units protected by blockchain technology via encrypted barcodes. Ethereum Classic Lab
  32. 32. Verifying the Authenticity of Returned Drugs • In the Pharma industry, drugs are frequently returned to the pharmaceutical manufacturers. • While the proportion of the returned drugs is small compared to the sales (about 2–3% of sales), the per year volume is in the range of $7- 10 billion. https://hackernoon.com/top-5-use-cases-of-blockchain-in-pharma-and-healthcare-that-you-should-know-about-77ccdd76369b
  33. 33. Industry Proof-of-Concept Currently, Merck in partnership with SAP has developed the SAP Pharma Blockchain POC app for this Use Case. SAP launched this first Proof of Concept in Q3 2017, and a second one in early 2018. The PoC for the Use Case works as follows, • SAP’s existing solution called ATTP (Advanced Track and Trace for Pharmaceuticals), generates unique identifiers for a drug package. https://hackernoon.com/top-5-use-cases-of-blockchain-in-pharma-and-healthcare-that-you-should-know-about-77ccdd76369b
  34. 34. • When a manufacturer ships a package they register the item on the SAP Pharma POC Blockchain, with the four pieces of information generated by the ATTP; the item number (based on GS1 standard), a serial number, a batch number, and an expiration date. https://hackernoon.com/top-5-use-cases-of-blockchain-in-pharma-and-healthcare-that-you-should-know-about-77ccdd76369b
  35. 35. Transparency and traceability of consent in Clinical Trials • Informed patient consent involves making the patient aware of each step in the Clinical Trial process including any possible risks posed by the study. Clinical trial consent for protocols and their revisions need to be transparent for patients and traceable for stakeholders. • However, in practice the informed consent process is difficult to handle in a rigorous and satisfactory way. https://hackernoon.com/top-5-use-cases-of-blockchain-in-pharma-and-healthcare-that-you-should-know-about-77ccdd76369b
  36. 36. • The FDA reports that almost 10% of the trials they monitor feature some issues related to consent collection. • These include: failure to obtain written informed consent, unapproved forms, invalid consent document, failure to re-consent to a revised protocol and missing Institutional Review Board approval to protocol changes; among others. Frequently also there are reported cases of document fraud such as issues of backdating consent documents. https://hackernoon.com/top-5-use-cases-of-blockchain-in-pharma-and-healthcare-that-you-should-know-about-77ccdd76369b
  37. 37. • Blockchain protocols in clinical trials can provide transparency and traceability of consent. • Blockchains provide a mechanism for unfalsifiable time-stamping of consent forms, storing and tracking the consent in a secure, and publicly verifiable way, and enabling the sharing of this information in real time. • Additionally, smart contract can be bound to protocol revisions, such that any change in the clinical trials protocol requires the patient consent needing renewal. https://hackernoon.com/top-5-use-cases-of-blockchain-in-pharma-and-healthcare-that-you-should-know-about-77ccdd76369b Other example: Exochain
  38. 38. Insurance • Arguably the greatest Blockchain application for insurance is through smart contracts. Such contracts powered by Blockchain could allow customers and insurers to manage claims in a truly transparent and secure manner, according to Deloitte. • All contracts and claims could be recorded on the Blockchain and validated by the network, which would eliminate invalid claims. • For example, the Blockchain would reject multiple claims on the same accident https://www.businessinsider.com/blockchain-technology-applications-use-cases-2017-9
  39. 39. Real Estate • The average homeowner sells his or her home every five to seven years, and the average person will move nearly 12 times during his or her lifetime. • With such movement, Blockchain could certainly be of use in the real estate market. • It would expedite home sales by quickly verifying finances, would reduce fraud thanks to its encryption, and would offer transparency throughout the entire selling and purchasing process. https://www.businessinsider.com/blockchain-technology-applications-use-cases-2017-9
  40. 40. Media • Media companies have already started to adopt Blockchain technology. • In July, Blockchain content distribution platform Decent announced the launch of Publiq, which allows writers and other content creators to spread their works via Blockchain and receive immediate payment. • Comcast's advanced advertising group developed a new technology that allows companies to make ad buys on both broadcast and over- the-top TV through Blockchain technology. https://www.businessinsider.com/blockchain-technology-applications-use-cases-2017-9
  41. 41. Energy • Blockchain technology could be used to execute energy supply transactions, but it could further provide the basis for metering, billing, and clearing processes, according to PWC. • Other potential applications include documenting ownership, asset management, origin guarantees, emission allowances, and renewable energy certificates. https://www.businessinsider.com/blockchain-technology-applications-use-cases-2017-9
  42. 42. Record Management • National, state, and local governments are responsible for maintaining individuals' records such as birth and death dates, marital status, or property transfers. • Yet managing this data can be difficult, and to this day some of these records only exist in paper form. • And sometimes, citizens have to physically go to their local government offices to make changes, which is time-consuming, unnecessary, and frustrating. • Blockchain technology can simplify this record keeping https://www.businessinsider.com/blockchain-technology-applications-use-cases-2017-9
  43. 43. …and • Facebook (FaceCoin?) using StableCoin!
  44. 44. Questions?
  45. 45. Thank you! https://www.linkedin.com/in/ahmedbanafa (35k followers) @BanafaAhmed

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