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Gem Smart Networks

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Gem describes how blockchains can create smart networks for business transactions.

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Gem Smart Networks

  1. 1. Blockchains and Smart Networks Micah Winkelspecht hello@gem.co Automating workflows and introducing logic to the cloud
  2. 2. Copyright Gem © 2016 All Rights Reserved
  3. 3. Copyright Gem © 2016 All Rights Reserved
  4. 4. Copyright Gem © 2016 All Rights Reserved
  5. 5. Copyright Gem © 2016 All Rights Reserved
  6. 6. Copyright Gem © 2016 All Rights Reserved Banks BanksClearinghouses
  7. 7. Copyright Gem © 2016 All Rights Reserved Buyers SellersExchanges
  8. 8. Copyright Gem © 2016 All Rights Reserved Drivers PassengersRidesharing Apps
  9. 9. Copyright Gem © 2016 All Rights Reserved IoT Devices ConsumersAggregators
  10. 10. Copyright Gem © 2016 All Rights Reserved Content producers ViewersSocial apps
  11. 11. Copyright Gem © 2016 All Rights Reserved Smart Network
  12. 12. What is a smart network? Subtitle Month Day, Year A smart network is… a group of people or machines performing automated interactions based on reliable, shared data and consistent, universally accepted rules in order to accomplish shared goals. Identity Smart logic Data integrity Network
  13. 13. Copyright Gem © 2016 All Rights Reserved Identity Authentication Authorization Device health a group of people or machines performing automated interactions based on reliable, shared data and consistent, universally accepted rules in order to accomplish shared goals. A smart network is…
  14. 14. Copyright Gem © 2016 All Rights Reserved Are you who you say you are? Authentication Private Key Public Key Anonymous or Known
  15. 15. Copyright Gem © 2016 All Rights Reserved Authorization Do you have permission to perform this action?
  16. 16. Copyright Gem © 2016 All Rights Reserved Identity Authentication Authorization Device health a group of people or machines performing automated interactions based on reliable, shared data and consistent, universally accepted rules in order to accomplish shared goals. A smart network is…
  17. 17. Copyright Gem © 2016 All Rights Reserved Smart Logic Authorization Smart contracts Multi-signature cosigning Automated workflows A smart network is… a group of people or machines based on reliable, shared data and consistent, universally accepted rules in order to accomplish shared goals. performing automated interactions
  18. 18. Copyright Gem © 2016 All Rights Reserved Authorization At network level Consensus rules At transaction level Smart contracts At organization level Cosigning server
  19. 19. Copyright Gem © 2016 All Rights Reserved Smart contracts Logic applied at a transaction level and enforced by the entire network Which identities can perform this action? Custom logic with scripting languages If: Claim is under $10k And: John approves And: Sally approves Then: Submit claim Example:
  20. 20. Copyright Gem © 2016 All Rights Reserved Multi-signature cosigning Cosigning rules allow for enforcement at organization level Employee Organization
  21. 21. Copyright Gem © 2016 All Rights Reserved Automated workflows Ethereum-style smart contracts Fully expressive programming language Event notifications and hooks If this, then that. Fully auditable
  22. 22. Copyright Gem © 2016 All Rights Reserved Data Integrity Authenticity Availability Double-spend problem Dual-write problem Order matters (The importance of logs) A smart network is… a group of people or machines performing automated interactions and consistent, universally accepted rules in order to accomplish shared goals. based on reliable, shared data
  23. 23. Copyright Gem © 2016 All Rights Reserved Authenticity Is the data genuine and from the right person? Has the data been tampered with? Record hash of data
  24. 24. Copyright Gem © 2016 All Rights Reserved Availability Is the data highly available? What if part of the network goes down? Eliminate single points of failure Data storage can be separated from the blockchain or combined (S3, IPFS, etc.)
  25. 25. Copyright Gem © 2016 All Rights Reserved Double-spend problem Mallory’s Bank Balance: $1,000 Who get’s the money? Alice or Bob? Order matters. Alice 1,000.00 One Thousand 2/10/2016 Scam Mallory S. Cammer Bob 1,000.00 One Thousand 2/10/2016 Scam Mallory S. Cammer
  26. 26. Copyright Gem © 2016 All Rights Reserved Dual-write Problem http://www.amazon.com/Hutzler-571-Banana-Slicer/dp/B0047E0EII Order of operations matters. “If God does not exist, then how is it that a banana fits so perfectly in this banana slicer?”
  27. 27. Copyright Gem © 2016 All Rights Reserved Dual-write Problem Qty: 1 Qty: 1 Qty: 1 Qty: 0 Qty: 0 Qty: 0 $ out of stock
  28. 28. Copyright Gem © 2016 All Rights Reserved Copyright Gem © 2016 All RiCopyright Gem © 2016 All Ri Dual-write Problem Qty: 1 Qty: 1 Qty: 1 Qty: 0 Qty: 0 Qty: 0 $ $ Qty: -1 Qty: -1 REFUND
  29. 29. Copyright Gem © 2016 All Rights Reserved Copyright Gem © 2016 All RiCopyright Gem © 2016 All Ri Blockchain solution (or the importance of logs) Qty: 1 Qty: 0 $ Qty: 0 out of stock
  30. 30. Copyright Gem © 2016 All Rights Reserved Network consensus Rules of the road Trust model Private vs Public vs Hybrid Join existing or create new network A smart network is… a group of people or machines performing automated interactions based on reliable, shared data in order to accomplish shared goals. and consistent, universally accepted rules
  31. 31. Copyright Gem © 2016 All Rights Reserved Gem Platform 31 Build blockchain data infrastructure without compromise. Gem Identity Authorize actions based on strong identity and immutable audit logs. Gem Logic Automate workflows based on employee, partner and market activity. Gem Network Launch or join permissioned blockchain networks to share data with market partners Gem Data Execute on trusted data that is validated, standardized and distributed cross-enterprise or cross-industry. Eliminate complex API integrations and data reconciliation using identity, logic, networks and data to create a new type of infrastructure based on strong identity and integrity.
  32. 32. Copyright Gem © 2016 All Rights Reserved Use case A smart network is… a group of people or machines performing automated interactions based on reliable, shared data and consistent, universally accepted rules in order to accomplish shared goals. Medical claims processing
  33. 33. Copyright Gem © 2016 All Rights Reserved Use Case: Medical Claims ProcessingMedical provider software either creates a bilateral API connection with every insurance provider, or it transmits data through clearinghouses responsible for maintaining the API connections. Each database must be reconciled to account for data latency. Many of these steps are still paper-based. The old way Medical Providers Clearinghouses Insurance Providers
  34. 34. Copyright Gem © 2016 All Rights Reserved Use Case: Medical Claims Processing Participants all agree to submit claim data to the blockchain. Database reconciliation is eliminated since the blockchain becomes the canonical log of events and data repository. Participants can only see the data that pertains to them. Every action is authenticated, authorized and auditable with strong identity. Actions can be automated in real-time based on reliable, trusted data. The Gem way Medical Providers Gem Network Insurance Providers Gem Data
  35. 35. Contact us Micah Winkelspecht hello@gem.co hello@gem.co

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