This presentation was given during the Blockchain Summit 2017 in Melbourne.
The talk analyzed the reason’s why Blockchain is being termed as a disruptive technology which may potentially impacts sectors beyond Banking and Finance.
It elaborates the spectrum of use cases that may be relevant to the Telecom sector especially in the areas of new product & service development (NPD), operational improvement and/or risk management. It emphasizes the key trends that are being witnessed in the Financial sector and drew lights on the future outlook for Blockchain for the Telecom sector.
2. http://www.unicomlearning.com/2017/Blockchain_Summit_Melbourne
Speaker’s Profile
Sohag is a meticulous, results-driven Management Consultant with 12+ years of
experience in Strategy, Business Transformation and large-scale Program
Management across Telecom, Technology, Government, Regulatory and Sports
industries respectively.
• He has successfully led multi-geography strategic and operational program
for some of the Global enterprises of value US$ 1-2+ billion.
• He has adept experience of leading enterprise-wide business transformations
programs in India, the Philippines, Middle East and Africa.
At present, he is working with Infosys Management Consulting (Australia) as
a Principal and has worked as a Strategy & Transformation Consultant with
KPMG and IBM respectively. He has been a Visiting Faculty to Management
B-schools and pursuing his research from Pacific University.
Several of his white-papers and thought leaderships have been published in
leading journals.
He pursues Blockchain as a contemporary interest area and is a certified
Blockchain Professional.
Sohag Sarkar
3. http://www.unicomlearning.com/2017/Blockchain_Summit_Melbourne
Topics:
• Introduction to Blockchain
• Concept Stop-over
• Detailed Slide: Abstract Model of Blockchain
• Types of Blockchain
• Why Blockchain is disruptive technology
• Business Decision Making
• Decision Tress
• Challenges & oppportunities
• Use Cases
• Telecom Use Cases
• Global Blockchain initiatives by Telcos
• End Note
Introduction
to
Blockchain
4. http://www.unicomlearning.com/2017/Blockchain_Summit_Melbourne
Introduction to Blockchain
• October 2008: Satoshi Nakamoto unveiled a disruptive technology that
aimed to carry out peer-to-peer digital transaction without the need of an
intermediary.
• January 2009: The genesis block of Bitcoin was mined.
• 3-Bs were the highlight of this phenomenon
Blockchain
(The disruptive technology)
7. http://www.unicomlearning.com/2017/Blockchain_Summit_Melbourne
Topics:
• Introduction to Blockchain
• Concept Stop-over
• Detailed Slide: Abstract Model of Blockchain
• Types of Blockchain
• Why Blockchain is disruptive technology
• Business Decision Making
• Decision Tress
• Challenges & oppportunities
• Use Cases
• Telecom Use Cases
• Global Blockchain initiatives by Telcos
• End Note
Blockchain
In
Business
9. http://www.unicomlearning.com/2017/Blockchain_Summit_Melbourne
Blockchain for Business: A reality check
• Blockchain is not Bitcoin
– A business blockchain usually prioritizes identity
over anonymity and uses selective endorsement
of transactions in place of computationally-
intensive proof of work
• Blockchain is yet to mature
• Blockchain is not a product
• Blockchain is not needed when there is no
business network
• Blockchain is not a transaction processing
system replacement
• Blockchain is not necessarily anonymous
10. http://www.unicomlearning.com/2017/Blockchain_Summit_Melbourne
Blockchain: Go/No-Go Business Decision
High Performance,
Millisecond
Transactions?
Are you managing
Contractual
relationships?
Does Identity matter?
Does this require a
Market Approach?
Are you working with
Complex Business
Logic?
Do you need to keep
your transactions
private?
Does it require greater
than two parties?
Are you looking to
reduce costs?
Consider
Alternative
Approaches
Consider
Blockchain
Yes Yes Yes Yes
Yes Yes Yes
Yes
Yes
No
No
No
Are you looking to
improve
Discoverability?
13. http://www.unicomlearning.com/2017/Blockchain_Summit_Melbourne
Topics:
• Introduction to Blockchain
• Concept Stop-over
• Detailed Slide: Abstract Model of Blockchain
• Types of Blockchain
• Why Blockchain is disruptive technology
• Business Decision Making
• Decision Tress
• Challenges & oppportunities
• Use Cases
• Telecom Use Cases
• Global Blockchain initiatives by Telcos
• End Note
Blockchain
In
Telecom
17. http://www.unicomlearning.com/2017/Blockchain_Summit_Melbourne
Roaming
Future Model with Blockchain
Blockchain: Telecom Use Cases (Roaming Products & Services)
Around 70% of roamers
worldwide stay silent, with
just 1% of subscribers
consuming 80% of traffic in
roaming.
Source: Connected World Asia Pacific, Starhome Mach
Current Options for Roamers
Use Home Operators
Roaming Service
Purchase a local SIM
Card
20. http://www.unicomlearning.com/2017/Blockchain_Summit_Melbourne
Global Blockchain initiatives by Telcos (1/3)
Player Area Blockchain initiative(s)
Verizon IOT
[Aug 2015] Allow industrial assets to act as autonomous agents.
These agents can then communicate via long-range, decentralised
mesh networks and transact data using Blockchain and smart
contracts.
Orange
Silicon
Valley
Enterprise
Blockchain
Solutions
[June 2015] ChainForce, an initiative aimed to encourage
established companies and start-ups to explore new Blockchain
technologies and use cases.
Verizon
Ventures
IOT
[August 2015] Verizon Ventures invested in a Blockchain start-up,
Filament, that is developing a product that uses both the Bitcoin
and Ethereum networks to enable IoT devices to be tracked, and to
transact, on a public ledger system
Orange
Digital
Ventures
Enterprise
Blockchain
Solutions
[September 2015] Invested in Blockchain start-up, Chain, which is
developing enterprise-grade Blockchain solutions for the financial
industry and other transactional services
21. http://www.unicomlearning.com/2017/Blockchain_Summit_Melbourne
Global Blockchain initiatives by Telcos (2/3)
Player Area Blockchain initiative(s)
Verizon
Digital Rights
Management
[May 2016] DRM system that maintain a list of passcodes in a
passcode Blockchain that would do digital rights authentication and
automatic payment distribution. Also, IoT device management.
Du
Healthcare &
Loyalty /
Tourism
[May 2016] A pilot programme which uses Blockchain technology to
facilitate secure transmission of electronic health records (EHRs)
Also, Blockchain-enabled loyalty solutions for tourism (Dubai
Points)
AT&T Device Security
[Apr 2016] Patent filed for a decentralized and distributed secure
home subscriber server device.
NTT
DoCoMo
Financial
Services
[Feb 2016] Funding research towards the development of new
financial services using Blockchain. A joint collaborative initiative of
ORIX Corporation, ORIX Bank Corporation, The Shizuoka Bank, Ltd,
NTT Data Corporation and NTT DOCOMO Ventures Inc.
22. http://www.unicomlearning.com/2017/Blockchain_Summit_Melbourne
Global Blockchain initiatives by Telcos (3/3)
Player Area Blockchain initiative(s)
KPN
Network &
Infrastructure
Security
Trying Blockchain technology to ensure the integrity of its
Networks and datacentres, especially in the era of NFV/SDN.
Telstra Mobile Banking
Researching Blockchain companies that could assist it in profiting
from mobile banking boom.
Telstra
Ventures
FinTech
It has also invested in over 25 enterprises that are developing
Blockchain-based solutions, many of which are Fintech ventures.
27. http://www.unicomlearning.com/2017/Blockchain_Summit_Melbourne
Blockchain – The definition
A Blockchain is a magic computer that anyone can
upload programs to and leave the programs to
self-execute, where the current and all previous
states of every program are always publicly visible,
and which carries a very strong crypto
economically secured guarantee that programs
running on the chain will continue to execute in
exactly the way that the Blockchain protocol
specifies.
- Vitalik Buterin
28. http://www.unicomlearning.com/2017/Blockchain_Summit_Melbourne
Types of Blockchain
Transaction Public Consortium or Federated Private
Send Anyone Limited Centralized
Approve Anyone Few members Centralized
Read Anyone Limited Limited
Characteristics Public Consortium or Federated Private
Speed of Transactions
Slower
(Approval frequency: 10min or
more)
Faster
(Approval frequency:
100x msec)
Faster
(Approval frequency:
100x msec)
Participant
Identity
Anonymous or
Pseudonymous
Known (trusted) identities Known (trusted) identities
Blockchain Governance
No centralized
management
Multiple organizations Single organization
Consensus Mechanism
Proof of Work or Proof of
stake
Voting or multi-party
consensus algorithm
Voting or multi-party
consensus algorithm
Energy
Consumption
Higher Efficient Efficient
Assets Native Asset Any Asset Any Asset
The terms nostro and vostro are used, mainly by banks, when one bank keeps money at another bank. Both banks need to keep records of how much money is being kept by one bank on behalf of the other. In order to distinguish between the two sets of records of the same balance and set of transactions, banks refer to the accounts as nostro and vostro. Speaking from the point of view of the bank whose money is being held at another bank:
A nostro is our account of our money, held by the other bank
A vostro is our account of other bank money, held by us
Ethereum was proposed in late 2013 by Vitalik Buterin, a cryptocurrency researcher and programmer. Development was funded by an online crowdsale between July and August 2014. The system went live on 30 July 2015, with 11.9 million coins "premined" for the crowdsale. This accounts for approximately 13 percent of the total circulating supply.
One real-world smart contract that gained mainstream coverage was The DAO, a decentralized autonomous organization for venture capital funding, running on Ethereum, which was launched with US$250 million in crowdfunding in May 2016 and was hacked and drained of 3,689,577 ETH three weeks later.[2]