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CWIN17 Frankfurt / ibm_watson_iot_platform_and_blockchain
Blockchain and IBM Watson IoT Platform can provide benefits for IoT applications by creating an immutable record of IoT data transactions. Blockchain allows devices to directly write data to a distributed ledger without centralized control, ensuring trust and transparency across business networks. The Watson IoT Platform can connect devices, integrate data sources, perform analytics, and manage risk. It also has capabilities to interface IoT data with a private blockchain via APIs. This allows shared access to IoT data among relevant parties in use cases like supply chain management, part lifecycle tracking, and smart buildings. Examples demonstrate how blockchain could record data for shipping, regulatory compliance, and carbon credit exchanges through the Watson IoT Platform.
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CWIN17 Frankfurt / ibm_watson_iot_platform_and_blockchain
- 1. IBM Watson IoTPlatform & Blockchain Capgemini Week of Innovation Networks September 28th 2017 Michael Müller Felix Reichmann
- 2. 2 What is Blockchain? Blockchainis a shared ledger technology allowing any participant in the business network to see THE system of record (ledger)
- 3. 3 Saves time Removes cost Reduces risk Increases trust Transaction time from daysto near instantaneous Overheads and cost intermediaries Tampering, fraud & cyber crime Through shared processes and recordkeeping Blockchain benefits
- 4. 4 Blockchain for business… Append-only distributed system of record shared across business network Business terms embedded in transaction database & executed with transactions All parties agree to network verified transaction Ensuring appropriate visibility; transactions are secure, authenticated & verifiable Privacy Shared ledger … Broader participation, lower cost, increased efficiency Smart contract Consensus
- 5. 5 Problem … … Inefficient,expensive, vulnerable Bank records Party A’s records Party C’s records Auditor records Party B’s records Party D’s records
- 6. 6 Solution … … Consensus,provenance, immutability, finality Party C’s records Auditor records Party B’s records Party D’s records Bank records Party A’s records Shared, replicated, permissioned
- 7. 7 What is anIoT Platform? Watson IoT Platform Sensors & Networks Other Data Sources Weather Map 01 0110 0010 001001 Devices Platform Applications Other IoT platforms
- 8. 8 IBM Watson IoTPlatform - Connect Connect and manage devices, networks, and gateways IBM Watson IoT Platform - Information Management Integrate information, structured and unstructured, from devices, people, the Weather and world around us IBM Watson IoT Platform - Analytics Gain insights from information using Real-time streaming, Predictive, Edge and Cognitive analytics IBM Watson IoT Platform - Risk & Security Management Ensure you have the ability to visualize and manage your IoT landscape end-end, manage risk and have trusted sources of IoT data with innovative technology such as Blockchain The IBM Watson IoT Platform Everything you need to transform with the Internet of Things 8
- 9. 9 Blockchain and WatsonIoT • Blockchain leverages distributed replication • Eliminates the overhead of central control and management • Only business partners involved in the transaction can access and supply IoT data • Partnering with key clients in aerospace, automotive, supply chain, and manufacturing industries The Watson IoT Platform has built-in capability that lets you add IoT data to a private blockchain ledger via API. This provides for shared transactions with tamper-resistant records, transparency and trust.
- 10. How it works •IBM Blockchain provides the private blockchain infrastructure of distributed peers that replicates the device data and validates the transaction through secure contracts. • Watson IoT Platform translates existing device data, from one or more device types, into the format needed by the blockchain contract APIs. The blockchain contract doesn’t need to know the specifics of your device data. • Watson IoT Platform filters device events and sends only the required data to the contract. • Storing IoT data as part of a indelible ledger on a private blockchain can help build trust across business networks.
- 11. 11 Examples of IoTUse Cases Industry Use Case(s) Shared Data Parties Shipping / Logistics • Monitor shipping logistics • Share shipping documents • Location • Cargo properties (temp, humidity) • Shipping docs (bill of lading, letter of credit, customs forms) • Sender, receiver, freight companies, customs, bank Part Lifecycle Tracking & Maintenance • Track part provenance from manufacture to end of life. • Part identification • Usage information • Maintenance information • Part manufacturer, final assembly manufacturer, repair organization, owner, regulatory agency Supply Chain • Broadcast supply and demand on a shared blockchain. • Track part location and manufacturing information on a shared blockchain. • Demand request • Supply volumes • Part provenance (ID, expiration date, etc.) • Supplier, manufacturer Regulatory Compliance • Share documents with a regulatory agency and or the public on a blockchain. • Compliance documentation • Usage and maintenance information. • Regulatory agency, appropriate industry manufacturers and operators Building Management • Permanent record of building access and usage • Log of building systems (A/C, lighting, alarms) • Human access • Building owner, building tenant, building management, etc. Energy • Track and trade carbon credits on a blockchain. • Carbon credits and carbon production. • Members of the carbon credit exchange, public.
- 12. 12 Get started today Viewa demo or engaged with Watson IoT Lab services by visiting https://www.ibm.com/internet-of-things/platform/private-blockchain/
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