These are the slides used to demonstrate the need of hybrid blockchains. To secure personal information we need Decentralised Identifiers and off-chain verifiable claims. To securely share these claims, we use an private sidechain which are GDPR compliance and removable with consensus.
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Dutch blockchain week - Hybrid blockchains and decentralised Identifiers
1.
2. 2 Agenda
- Introduction
- What is Smilo?
Little introduction
- What are Hybrid Blockchains?
and why is it needed?
- What are Decentralised Identifiers?
and how do we use them?
- Didux.io
Combining all parts
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3. Introduction
Elkan Roelen
Father, husband and geek.
- Background in Computer Interface Technology
- Teacher degree in Electronics
- Open source contributor since 1997
- Blockchain enthusiast since 2009
- Entreprenerd
- Love challenges and disruptions
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3
4. What is Smilo
Hybrid blockchain platform with a conscience:
Hybrid: Built to facilitate applications requiring public and private transactions, -smart contracts and
-decentralized applications. We are as such offering a scalable and decentralised alternative to
permissioned platforms such as Corda and Hyperledger for secure transactions in both public and private
domain, on a decentralised platform.
Blockchain platform: Latest generation blockchain platform, based on the Smilo BFT+
consensus mechanism and the Smilo Network Protocol protocol (SNP), providing exceptionally secure,
scalable and speedy transactions.
With a conscience: Smilo will be the platform to facilitate current and future applications in the
areas of privacy, transparency, anti-fraud and corruption in a way that is safe, affordable and sustainable.
All on a decentralised platform that is state of the art in terms of performance and security.
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4
6. USP’S
• Faster, better scalable and more secure than other networks
• Facilitates both public and private transactions
• Supports both public and private smart contracts
• No ICO but B2B business model
• Practically free transactions through SmiloPay
• Transparent and accurate price prediction model
• Large volume transaction potential
• Ethereum compatible for easy adoption
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7.
8. Market focus
• Large volume transaction territory in public as well as private domain
• Multi-purpose platform for interactions between individuals and public as well as private organizations
• Easy adoptable by current PoC’s and use cases in areas of any personal data exchange
09 _______
9.
10. 10 Hybrid
A thing made by combining two different elements.
A hybrid blockchain combines the public and private elements in one chain.
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11. Hybrid Chains_______
11
Mainchain
PSC A State
PSC B State
Node 1 Node 2 Node 3 Node 4
Blackbox 1
Blackbox
2
Blackbox
3
Blackbox 4
Public
Private
sharedWith: Blackbox 1,2,3
sharedWith: Blackbox 1,3,4
12. New possibilities_______
12
This opens new doors
The platform is available for everyone
- No racism
- No exclusion
- Transparent
But privacy is protected
- Some things only need to be known between you and dedicated other
parties.
15. PROBLEMS WITH THE DAILY
CREDENTIALS
- EASY TO COUNTERFEIT
- TOO LOSE OR GET BROKEN
- TOO MUCH UNNECESSARY INFO
- EXPENSIVE TO REPLACE OR REQUEST
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17. Decentralization
Dids should eliminate the need for centralized
identity management authorities. Instead, a person
must have complete control over his or her id.
_______
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19. Simplicity
DIDs are user-friendly because they are
authenticated in a different way, so that passwords
are no longer needed.
_______
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20. Privacy
DIDs should enable entities to control the privacy of their
information, including minimal, selective, and progressive
attributes or other data.
_______
20
22. Proof-based
DIDs should enable the DID subject to
provide cryptographic proof of
authentication and proof of
authorization rights.
_______
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23. Security
DIDs must offer sufficient certainty for
the certainty and safety of dependent
parties.
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24. Discoverability
DIDs are easy to use. Anyone can learn
to deal with it. Data is also stored in
such a way that it can easily be
retrieved.
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27. User needs_______
27
- New bank
account
- Closing
bank
account
- Money
transfer
- Digital
driver’s
license
- Speedy air
travel
- Refugee
crisis
- Seamless
immigration
- Prescribing
- Online
Pharmacy
- Insurance
claim
- Traveling
illness
- Taking a
test
- Online
classes
- Transferring
schools
- Digital
transcript
Finance Education
Legal
Identity Healthcare
28. ERC 725_______
28
ERC 725 is a standard for
publishing and managing
an identity through a smart
contract on an evm-based
blockchain, such as Smilo
and Ethereum.
29. Verifiable Claims_______
29
- Issuer- The entity that creates
a claim and associates it with
a particular subject.
- Subject- The entity about
whom a claim is issued.
- Holder- The entity who
controls a particular claim.
Often the subject of the claim,
but not always. A holder is
typically the initiator of the
transmission of a claim.
- Inspector- The entity about
whom a claim is issued.
30. Result
- Much easier (digital) life
- No Usernames/passwords needed
- Account information no longer needs to include your personal information
- No more manual paperwork
- No more wait time
- No more wrong documents
- Security, Privacy and inclusion
- No more phishing and spoofing
- Mutual authentication
- No more spam
- More privacy
- No exclusion
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30