Distributed Ledger Technology
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The document provides an introduction to distributed ledgers and blockchains. It explains that a distributed ledger allows transactions to be grouped into blocks and cryptographically chained in chronological order, with all nodes having access to the shared ledger. It notes that blockchain transactions are immediately validated, cleared, and settled automatically without a central authority. Examples are given of how distributed ledgers can be used for financial transactions, recording asset transfers, and implementing smart contracts through code embedded in the blockchain. Limitations of blockchain applications are also briefly discussed.
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Distributed Ledger Technology
- 1. Distributed Ledger Your Company Name 1
- 2. Introduction www.company name 2 A technology that permits transactions to be gathered into blocks and recorded; cryptographically chains blocks in chronological order; and allows the resulting ledger to be accessed by different servers Blockchain transactions are immediately validated and cleared, then settled shortly thereafter, automatically without a Central Authority In the financial world, cash transactions only are cleared and settled automatically without a Central Authority Customers Underwriting Mortgage Providers Legal services Customers Customers Customers International Bank Internal Employees Branch Site ATM Mobile Banking Outsourced Service Providers Services 3rd Party Services E-Banking Corporate Clients Business Treasury Dept 3rd Party Services Finance Dept. Commercial Finance Payment Service Provider
- 3. Distributed Ledger www.company name 3 There is one ledger. All nodes have some level of access to that ledger. All nodes agree to a protocol that determines the “true state” of the ledger at any point in time. The application of this protocol is sometimes called “achieving consensus.” Ledger is the system of record for a business i.e. records asset transfer between participants. Text Here Node A Node B Node C Node D Node E Single Entity Multiple Entities Text Here Node A Node B Node C Node D Node E
- 4. Working of a Distributed Ledger www.company name 4 Users Broadcast Their Transactions to Nodes Consensus Protocol Used Nodes Aggregate Validated Transactions Into Blocks Users Initiate Transactions Using Their Digital Signatures One or More Nodes Begin Validating Each Transaction Nodes Broadcast Blocks to Each Other Block Reflecting “True State” Is Chained to Prior Block
- 5. Use of Distributed Ledger To Create Value or Issue Assets To Record Those Transfers of Value or Ownership of Assets To Transfer Value or the Ownership of Assets To Allow Owners of Assets to Exercise Certain Rights Associated With Ownership, and to Record the Exercise of Those Rights It can be used without a central authority by individuals or entities with no basis to trust each other 5www.company name
- 6. Business Rules Implied by the Contract Embedded in the Blockchain & Executed with the Transaction Verifiable, Signed Encoded in programming language www.company name Smart Contract Example: – Defines contractual conditions under which corporate Bond transfer occurs 6
- 7. www.company name 7 Ledger is shared, but participants require privacy Transactions need to be authenticated Cryptography central to these processes Participants need: – Transactions to be private – Identity not linked to a transaction Privacy
- 8. Use Cases – Letter of Credit www.company name • Bank handling letters of credit(LOC) wants to offer them to a wider range of clients including startups • Currently constrained by costs & the time to execute Intro • Blockchain provides common ledger for letters of credit • Allows bank and counter-parties to have the same validated record of transaction and fulfillment How Benefits Applicant Beneficiary 3. Issuing Letter of Credit 4.AdvisingLetter ofCredit 6.Presentation ofdocuments Advising Bank BANK 8. Document control, payment release 9.Documentrelease 2.LetterofCredit Application 1. Sale Contract 5. Shipment 7. Presentation of documents • Increase speed of execution (less than 1 day) • Vastly reduced cost Increased Trust Basic Letter of Credit Transactions Issuing Bank BANK 8
- 9. www.company name Use Case - Corporate Debt (or Bond) Bank Holding a Corporate Debt Would Like to • Pay vendors quickly for transactions validated by the client • Allow the corporate client to see the payment is made • Provide government with oversight of the processWhat • Blockchain provides a common ledger for recording the corporate debt/bond, • Available to bank, corporate client, vendors & government How • Speeds up vendor payments bigger net discounts • Eliminates risk and accelerates decision making • Owning bank can spread the cost across each market Benefits 9
- 10. Industrial Blockchain Benefits www.company name 10 Reduce Costs and Complexity This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Trusted Recordkeeping This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Improve Discoverability This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Share Trusted Processes This slide is 100% editable. Adapt it to your needs and capture your audience's attention.
- 11. BlockchainLimitations www.company name 11 Need High Performance (Millisecond) Transactions This slide is 100% editable. Adapt it to your needs and capture your audience’s attention. Looking For a Database Replacement This slide is 100% editable. Adapt it to your needs and capture your audience’s attention. Looking For a Messaging Solution This slide is 100% editable. Adapt it to your needs and capture your audience’s attention. Looking For Transaction Processing Replacement This slide is 100% editable. Adapt it to your needs and capture your audience’s attention. Small Organization (No Business Network) This slide is 100% editable. Adapt it to your needs and capture your audience’s attention.
- 12. Distributed Ledger Icon Slide www.company name 12
- 14. Clustered Column www.company name 14 40 30 25 45 0 10 20 30 40 50 Jan Feb Mar Apr Profit(Inpercentage) 15 32 48 40 0 10 20 30 40 50 Jan Feb Mar Apr Profit(Inpercentage) • Product 02 This slide is 100% editable. Adapt it to your needs and capture your audience's attention • Product 01 This slide is 100% editable. Adapt it to your needs and capture your audience's attention This graph/chart is linked to excel, and changes automatically based on data. Just left click on it and select “Edit Data”.
- 15. Area Stacked www.company name 15 0 10 20 30 40 50 60 70 80 90 100 DecNovOctSepAugJulJunMayAprMarFebJan SalesInPercentage% Financial Year 2016 This graph/chart is linked to excel, and changes automatically based on data. Just left click on it and select “Edit Data”. • Product 02 This slide is 100% editable. Adapt it to your needs and capture your audience's attention • Product 01 This slide is 100% editable. Adapt it to your needs and capture your audience's attention
- 16. Bubble Chart www.company name 16 12 10 30 50 48 43 25 23 $0.00 $10.00 $20.00 $30.00 $40.00 $50.00 $60.00 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50% • Product 01 This slide is 100% editable. Adapt it to your needs and capture your audience's attention • Product 02 This slide is 100% editable. Adapt it to your needs and capture your audience's attention This graph/chart is linked to excel, and changes automatically based on data. Just left click on it and select “Edit Data”.
- 17. Clustered Bar www.company name 17 35 45 40 50 60 10 30 25 40 85 55 60 65 70 97 0 10 20 30 40 50 60 70 80 90 100 2013 2014 2015 2016 2017 • Product 01 This slide is 100% editable. Adapt it to your needs and capture your audience's attention • Product 03 This slide is 100% editable. Adapt it to your needs and capture your audience's attention • Product 02 This slide is 100% editable. Adapt it to your needs and capture your audience's attention This graph/chart is linked to excel, and changes automatically based on data. Just left click on it and select “Edit Data”.
- 18. Comparison www.company name 18 This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Female This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Male 80% 60%
- 19. Idea or Blub www.company name 19 This slide is 100% editable. Adapt it to your needs and capture your audience's attention. This slide is 100% editable. Adapt it to your needs and capture your audience's attention. This slide is 100% editable. Adapt it to your needs and capture your audience's attention.
- 20. Mind Map 20 03 02 04 01 This slide is 100% editable. Adapt it to your needs and capture your audience's attention. This slide is 100% editable. Adapt it to your needs and capture your audience's attention. This slide is 100% editable. Adapt it to your needs and capture your audience's attention. This slide is 100% editable. Adapt it to your needs and capture your audience's attention. www.company name
- 21. Venn www.company name 21 This slide is 100% editable. Adapt it to your needs and capture your audience's attention. This slide is 100% editable. Adapt it to your needs and capture your audience's attention. This slide is 100% editable. Adapt it to your needs and capture your audience's attention. This slide is 100% editable. Adapt it to your needs and capture your audience's attention. 01 02 0304
- 22. ThankYou Address: # street number, city, state Contact Numbers: 0123456789 Email Address: emailaddress123@gmail.com www.company name 22