Blockchains promise significant benefits but also face challenges to widespread adoption. Some key challenges are a lack of interoperability between different blockchain networks and platforms, as well as issues around integration with existing systems and scaling to meet enterprise needs. Interledger aims to address the interoperability challenge by providing a protocol for connecting various ledger systems, including blockchains, to enable asset transfers between them. This allows for a more connected "Internet of Value" and new business opportunities across platforms.
This document discusses BigchainDB, a scalable blockchain database, and the potential for blockchain applications to scale up and interconnect through protocols like Interledger. It summarizes BigchainDB's approach of applying techniques from distributed databases to blockchains to achieve high throughput and scale. It also outlines Interledger's goal of connecting different blockchains and ledgers to enable payments across platforms through the use of escrow and receipts to secure transfers between ledgers.
In this presentation there will be brief overview on what is Blockchain Technology?
What are the components in a block?
what are the applications of BlockChain technology?
Apart from Proof of Work there are many other Consensus Mechanisms being discussed. What are they and what are their pros and cons. (Proof of Stake, Proof of Elapsed Time, Proof of Authority, Proof of Burn, Proof of Authority, Byzantine Fault Tolerance, Proof of Importance)
Blockchain is a distributed database that maintains a growing list of transaction records organized in blocks. Each block contains a cryptographic hash of the previous block, transaction data, and a timestamp. This creates a permanent, unalterable record of transactions that is distributed across a peer-to-peer network of nodes. Blockchain technology enables a decentralized system of recordkeeping that does not require a central authority and allows digital transactions to be validated and recorded in a transparent yet secure manner. It has applications in finance, healthcare, supply chain management, and more.
Blockchain, working [blockchain vs bitcoin] pros and consJerin Sebastian
This document provides an overview of blockchain technology. It describes how a blockchain is a growing list of records or blocks secured using cryptography. Each block contains a cryptographic hash of the previous block, timestamp, and transaction data linking it to the previous block. Blockchains use a peer-to-peer network to validate new blocks and maintain a distributed ledger without a central authority. The first conceptualization of blockchain was for bitcoin, which uses the technology to power a cryptocurrency with a finite and decentralized currency.
An Introduction to Blockchain Technology Niuversity
Blockchain technology allows for a shared, replicated ledger of transactions that can be viewed by all participants. It enables peer-to-peer exchanges on a distributed network in a secure and non-repudiable way. Blockchain solves issues with monitoring asset ownership and transfers in a trusted business network by providing a permissioned, replicated shared ledger. It is not just for cryptocurrencies like Bitcoin but can be used for any form of asset registry, inventory, and exchange across different industries. The future potential of blockchain applications is still emerging as it will be applied experimentally to many aspects of society over the next few years.
This document discusses BigchainDB, a scalable blockchain database, and the potential for blockchain applications to scale up and interconnect through protocols like Interledger. It summarizes BigchainDB's approach of applying techniques from distributed databases to blockchains to achieve high throughput and scale. It also outlines Interledger's goal of connecting different blockchains and ledgers to enable payments across platforms through the use of escrow and receipts to secure transfers between ledgers.
In this presentation there will be brief overview on what is Blockchain Technology?
What are the components in a block?
what are the applications of BlockChain technology?
Apart from Proof of Work there are many other Consensus Mechanisms being discussed. What are they and what are their pros and cons. (Proof of Stake, Proof of Elapsed Time, Proof of Authority, Proof of Burn, Proof of Authority, Byzantine Fault Tolerance, Proof of Importance)
Blockchain is a distributed database that maintains a growing list of transaction records organized in blocks. Each block contains a cryptographic hash of the previous block, transaction data, and a timestamp. This creates a permanent, unalterable record of transactions that is distributed across a peer-to-peer network of nodes. Blockchain technology enables a decentralized system of recordkeeping that does not require a central authority and allows digital transactions to be validated and recorded in a transparent yet secure manner. It has applications in finance, healthcare, supply chain management, and more.
Blockchain, working [blockchain vs bitcoin] pros and consJerin Sebastian
This document provides an overview of blockchain technology. It describes how a blockchain is a growing list of records or blocks secured using cryptography. Each block contains a cryptographic hash of the previous block, timestamp, and transaction data linking it to the previous block. Blockchains use a peer-to-peer network to validate new blocks and maintain a distributed ledger without a central authority. The first conceptualization of blockchain was for bitcoin, which uses the technology to power a cryptocurrency with a finite and decentralized currency.
An Introduction to Blockchain Technology Niuversity
Blockchain technology allows for a shared, replicated ledger of transactions that can be viewed by all participants. It enables peer-to-peer exchanges on a distributed network in a secure and non-repudiable way. Blockchain solves issues with monitoring asset ownership and transfers in a trusted business network by providing a permissioned, replicated shared ledger. It is not just for cryptocurrencies like Bitcoin but can be used for any form of asset registry, inventory, and exchange across different industries. The future potential of blockchain applications is still emerging as it will be applied experimentally to many aspects of society over the next few years.
This presentation covers the fundamentals of blockchain technology including:
- Defining distributed systems and the types of faults they can experience.
- Explaining that blockchain is a distributed ledger that is cryptographically-secure, append-only, and updateable only via consensus.
- Detailing how blockchain technology developed from earlier concepts in distributed computing like hash functions and consensus mechanisms.
- Identifying the key elements of a blockchain like blocks, transactions, addresses, and the peer-to-peer network.
- Discussing the benefits of blockchain like decentralization, transparency, and security as well as limitations around scalability.
Blockchain technology allows participants to interact without a central authority by maintaining a distributed ledger of an shared database. It has applications beyond digital currencies like voting, smart contracts, and digital property records. Blockchains use cryptography and consensus to securely add transactions in blocks to an immutable chain. There are public, private, and consortium blockchains depending on who can read/write to the ledger. Blockchain technology has evolved from currency in Blockchain 1.0 to supporting smart contracts in Blockchain 2.0 and now decentralized applications in Blockchain 3.0.
The document discusses blockchain technologies and provides an overview of blockchain fundamentals. It defines blockchain as a distributed ledger developed in 2008 for Bitcoin. It explains that blockchain provides security, immutability and consistency through its decentralized architecture, consensus algorithms, and storing transactions in distributed blocks. The document also presents a case study of using blockchain for identity as a service (BIDaaS) and how it enables mutual authentication between users, partners and providers through encryption and digital signatures.
A blockchain is a decentralized, distributed database that maintains a growing list of records called blocks. Each block contains a timestamp and link to the previous block. Bitcoin uses blockchain technology, where a peer-to-peer network monitors and verifies bitcoin transfers between users' digital wallets. A blockchain wallet allows users to easily send and receive bitcoins without bitcoin client software. In the future, blockchain is expected to facilitate global trade and disrupt sectors like banking, healthcare, and financial transactions through virtual currencies and distributed ledgers.
Blockchain technology allows for transparent and secure transactions without an intermediary. It has various applications including financial services, smart contracts, IoT, and more. Key benefits are security, transparency, low costs, and reduced time. Blockchain uses a distributed ledger to record transactions in blocks that are linked through cryptography. Popular programming languages for developing blockchain applications include Java, PHP, and .NET. Databases can also integrate blockchain features to provide a scalable solution.
Blockchain technology was first introduced with the Hashcash algorithm in 1997 and later developed by Satoshi Nakamoto in 2008 to power bitcoin transactions via a consensus algorithm. It consists of blocks of information linked through cryptography to form a distributed ledger managed by a peer-to-peer network, allowing information to be recorded immutably. Participants approve transactions and add verified blocks to the chain through a consensus process. It provides high security, transparency, and accessibility without a central authority through cryptographic linking of chronological blocks.
The document is a presentation on blockchain technology. It defines blockchain as an open, distributed ledger that offers decentralization, transparency, and immutability. It notes that blockchain was first introduced in the 2009 white paper that proposed Bitcoin. The presentation goes on to discuss how blockchain works, its benefits, different types of blockchain networks like public and private, and concludes that blockchain will revolutionize how transactions are made and information is stored by creating an immutable record of transactions.
This course covers in detail the technical principles & concepts behind blockchain. In addition, it seeks to provide you with the insights and deep understanding of the various components of blockchain technology, and enables you to determine for yourself how to best leverage and exploit blockchain for your project, organisation or start-up.
Link - https://www.experfy.com/training/courses/blockchain-technology-fundamentals
Blockchain and Smart Contracts (Series: Blockchain Basics)Financial Poise
Blockchain is a tool. Samson Williams likens blockchain to a group text message, in which each participant receives a distributed, time-stamped, tamper-resistant (and encrypted) record of data transactions. Each group text has these characteristics. Everyone in the group “sees” the data, and none can change or gainsay any group message. Smart contracts are computer code put on the blockchain (how, exactly?) that establishes self-executing terms and conditions of a transaction. Are smart contracts smart? If certain data comes in and fulfills a pre-set term or condition, then rights and responsibilities are formed, terminated, modified, or shifted among the parties. Ah certainty and transparency, but also ah garbage in and garbage out. Are some contractual terms not amenable to smart contracting? And are smart contracts necessarily contracts? If not, can they still be useful? If a smart contract is a contract, what is the governing document? Is it the words business people and lawyers use, or is it the code that is supposed to reflect the words?
To view the accompanying webinar, go to: https://www.financialpoise.com/financial-poise-webinars/blockchain-and-smart-contracts-2021/
Blockchain and cryptocurrencies are emerging technologies that are still not fully understood. There are differing views on their value. Blockchain is a distributed digital ledger of transactions that is replicated across multiple computers. Cryptocurrencies like Bitcoin use blockchain technology, and their value comes from factors like production costs, scarcity, and utility. Ethereum enables decentralized applications and smart contracts through its cryptocurrency Ether. Altcoins have proliferated since Bitcoin, with some gaining significant value through network effects. Initial coin offerings have also raised billions for new blockchain projects.
This document provides an introduction to blockchain technology. It defines blockchain as a distributed ledger of transactions stored in immutable blocks chained together using cryptography. It explains key concepts such as nodes, blocks, hashes, mining, and proof-of-work. Blockchain allows for trustless transactions without intermediaries by achieving consensus among peers on the network. Examples of blockchain networks and potential use cases are also discussed.
Consensus Algorithms - Nakov @ jProfessionals - Jan 2018Svetlin Nakov
This document provides an overview of blockchain consensus algorithms including proof-of-work, proof-of-stake, delegated proof-of-stake, proof-of-authority, and PBFT. It discusses the requirements for consensus algorithms and describes how various popular cryptocurrencies implement different consensus mechanisms. Several Java-based blockchain projects are also mentioned, including IOTA, NEM, and TRON.
Blockchain is a growing list of records called blocks that are linked using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. This design makes blockchains resistant to modification, as altering any block would require recalculating hashes for the entire chain. The blockchain is managed by a peer-to-peer network collectively adhering to a protocol for validating new blocks. By design, blockchains are inherently resistant to modification of the data.
An Investor's Guide to Web3 / Crypto / BlockchainBernard Leong
Bernard Leong provided a masterclass on investing in web3. He discussed his own journey in crypto from 2008 to present. He covered the basics of blockchain, different layers and applications. Leong outlined tools for due diligence like Etherscan and Nansen AI. He explained financing models for web3 startups and factors to consider like tokenomics, go-to-market strategies, and regulatory risks. Finally, Leong proposed a model for a $1M web3 angel fund focusing on DeFi, gaming, and SaaS with a mix of angel investing and trading strategies.
Blockchain technology allows for transparent and secure transactions without an intermediary. It has various applications including financial services, smart contracts, IoT, and more. Key benefits are security, transparency, low costs, and reduced time. Blockchain functions by recording transactions in blocks that are linked using cryptography. Programming languages like Java and frameworks like Ethereum and Hyperledger can be used to develop blockchain applications. Databases can also integrate blockchain features to provide a scalable solution for deploying blockchain proofs-of-concept, platforms and applications.
The presentation will give the basic idea about what is blockchain technology, it's architecture, main features, types of blockchain network and other things that will make your fundamentals clear.
***** Blockchain Training : https://www.edureka.co/blockchain-training *****
This Edureka video on "Blockchain Explained" is to guide you through the fundamentals of the new revolutionary technology called Blockchain and its defining concepts. Below are the topics covered in this tutorial:
1. History of blockchain
2. What is Blockchain
3. Traditional Transaction vs Blockchain
4. How Blockchain Works
5. Benefits of Blockchain
6. Blockchain Transaction Demo
Here is the link to the Blockchain blog series: https://goo.gl/DPoAHR
You can also refer this playlist on Blockchain: https://goo.gl/V5iayd
DAOs on Ethereum: The Future of Venture FinancePaul Kohlhaas
An overview and explanation of current developments of DAOs on the Ethereum Blockchain. Specific focus on the slock.it DAO use case, governance, entity interactions and a financial categorization.
Paradigm Capital Blockchain, Cryptocurrency & Apps ReportDaniel Lee
The document discusses the opportunities in blockchain technology and cryptocurrency. It notes that blockchain has the potential to massively change business processes and industries, as well as unlock new business opportunities, similar to how the internet impacted markets. Blockchain also has the potential to help distribute wealth more widely by banking the unbanked global population. The document provides an overview of the blockchain and cryptocurrency markets, Canadian companies involved, popular blockchain applications like Bitcoin and Ethereum, and concludes that we are still in the early stages of blockchain's impact and the opportunity for high returns has just begun.
This presentation covers the fundamentals of blockchain technology including:
- Defining distributed systems and the types of faults they can experience.
- Explaining that blockchain is a distributed ledger that is cryptographically-secure, append-only, and updateable only via consensus.
- Detailing how blockchain technology developed from earlier concepts in distributed computing like hash functions and consensus mechanisms.
- Identifying the key elements of a blockchain like blocks, transactions, addresses, and the peer-to-peer network.
- Discussing the benefits of blockchain like decentralization, transparency, and security as well as limitations around scalability.
Blockchain technology allows participants to interact without a central authority by maintaining a distributed ledger of an shared database. It has applications beyond digital currencies like voting, smart contracts, and digital property records. Blockchains use cryptography and consensus to securely add transactions in blocks to an immutable chain. There are public, private, and consortium blockchains depending on who can read/write to the ledger. Blockchain technology has evolved from currency in Blockchain 1.0 to supporting smart contracts in Blockchain 2.0 and now decentralized applications in Blockchain 3.0.
The document discusses blockchain technologies and provides an overview of blockchain fundamentals. It defines blockchain as a distributed ledger developed in 2008 for Bitcoin. It explains that blockchain provides security, immutability and consistency through its decentralized architecture, consensus algorithms, and storing transactions in distributed blocks. The document also presents a case study of using blockchain for identity as a service (BIDaaS) and how it enables mutual authentication between users, partners and providers through encryption and digital signatures.
A blockchain is a decentralized, distributed database that maintains a growing list of records called blocks. Each block contains a timestamp and link to the previous block. Bitcoin uses blockchain technology, where a peer-to-peer network monitors and verifies bitcoin transfers between users' digital wallets. A blockchain wallet allows users to easily send and receive bitcoins without bitcoin client software. In the future, blockchain is expected to facilitate global trade and disrupt sectors like banking, healthcare, and financial transactions through virtual currencies and distributed ledgers.
Blockchain technology allows for transparent and secure transactions without an intermediary. It has various applications including financial services, smart contracts, IoT, and more. Key benefits are security, transparency, low costs, and reduced time. Blockchain uses a distributed ledger to record transactions in blocks that are linked through cryptography. Popular programming languages for developing blockchain applications include Java, PHP, and .NET. Databases can also integrate blockchain features to provide a scalable solution.
Blockchain technology was first introduced with the Hashcash algorithm in 1997 and later developed by Satoshi Nakamoto in 2008 to power bitcoin transactions via a consensus algorithm. It consists of blocks of information linked through cryptography to form a distributed ledger managed by a peer-to-peer network, allowing information to be recorded immutably. Participants approve transactions and add verified blocks to the chain through a consensus process. It provides high security, transparency, and accessibility without a central authority through cryptographic linking of chronological blocks.
The document is a presentation on blockchain technology. It defines blockchain as an open, distributed ledger that offers decentralization, transparency, and immutability. It notes that blockchain was first introduced in the 2009 white paper that proposed Bitcoin. The presentation goes on to discuss how blockchain works, its benefits, different types of blockchain networks like public and private, and concludes that blockchain will revolutionize how transactions are made and information is stored by creating an immutable record of transactions.
This course covers in detail the technical principles & concepts behind blockchain. In addition, it seeks to provide you with the insights and deep understanding of the various components of blockchain technology, and enables you to determine for yourself how to best leverage and exploit blockchain for your project, organisation or start-up.
Link - https://www.experfy.com/training/courses/blockchain-technology-fundamentals
Blockchain and Smart Contracts (Series: Blockchain Basics)Financial Poise
Blockchain is a tool. Samson Williams likens blockchain to a group text message, in which each participant receives a distributed, time-stamped, tamper-resistant (and encrypted) record of data transactions. Each group text has these characteristics. Everyone in the group “sees” the data, and none can change or gainsay any group message. Smart contracts are computer code put on the blockchain (how, exactly?) that establishes self-executing terms and conditions of a transaction. Are smart contracts smart? If certain data comes in and fulfills a pre-set term or condition, then rights and responsibilities are formed, terminated, modified, or shifted among the parties. Ah certainty and transparency, but also ah garbage in and garbage out. Are some contractual terms not amenable to smart contracting? And are smart contracts necessarily contracts? If not, can they still be useful? If a smart contract is a contract, what is the governing document? Is it the words business people and lawyers use, or is it the code that is supposed to reflect the words?
To view the accompanying webinar, go to: https://www.financialpoise.com/financial-poise-webinars/blockchain-and-smart-contracts-2021/
Blockchain and cryptocurrencies are emerging technologies that are still not fully understood. There are differing views on their value. Blockchain is a distributed digital ledger of transactions that is replicated across multiple computers. Cryptocurrencies like Bitcoin use blockchain technology, and their value comes from factors like production costs, scarcity, and utility. Ethereum enables decentralized applications and smart contracts through its cryptocurrency Ether. Altcoins have proliferated since Bitcoin, with some gaining significant value through network effects. Initial coin offerings have also raised billions for new blockchain projects.
This document provides an introduction to blockchain technology. It defines blockchain as a distributed ledger of transactions stored in immutable blocks chained together using cryptography. It explains key concepts such as nodes, blocks, hashes, mining, and proof-of-work. Blockchain allows for trustless transactions without intermediaries by achieving consensus among peers on the network. Examples of blockchain networks and potential use cases are also discussed.
Consensus Algorithms - Nakov @ jProfessionals - Jan 2018Svetlin Nakov
This document provides an overview of blockchain consensus algorithms including proof-of-work, proof-of-stake, delegated proof-of-stake, proof-of-authority, and PBFT. It discusses the requirements for consensus algorithms and describes how various popular cryptocurrencies implement different consensus mechanisms. Several Java-based blockchain projects are also mentioned, including IOTA, NEM, and TRON.
Blockchain is a growing list of records called blocks that are linked using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. This design makes blockchains resistant to modification, as altering any block would require recalculating hashes for the entire chain. The blockchain is managed by a peer-to-peer network collectively adhering to a protocol for validating new blocks. By design, blockchains are inherently resistant to modification of the data.
An Investor's Guide to Web3 / Crypto / BlockchainBernard Leong
Bernard Leong provided a masterclass on investing in web3. He discussed his own journey in crypto from 2008 to present. He covered the basics of blockchain, different layers and applications. Leong outlined tools for due diligence like Etherscan and Nansen AI. He explained financing models for web3 startups and factors to consider like tokenomics, go-to-market strategies, and regulatory risks. Finally, Leong proposed a model for a $1M web3 angel fund focusing on DeFi, gaming, and SaaS with a mix of angel investing and trading strategies.
Blockchain technology allows for transparent and secure transactions without an intermediary. It has various applications including financial services, smart contracts, IoT, and more. Key benefits are security, transparency, low costs, and reduced time. Blockchain functions by recording transactions in blocks that are linked using cryptography. Programming languages like Java and frameworks like Ethereum and Hyperledger can be used to develop blockchain applications. Databases can also integrate blockchain features to provide a scalable solution for deploying blockchain proofs-of-concept, platforms and applications.
The presentation will give the basic idea about what is blockchain technology, it's architecture, main features, types of blockchain network and other things that will make your fundamentals clear.
***** Blockchain Training : https://www.edureka.co/blockchain-training *****
This Edureka video on "Blockchain Explained" is to guide you through the fundamentals of the new revolutionary technology called Blockchain and its defining concepts. Below are the topics covered in this tutorial:
1. History of blockchain
2. What is Blockchain
3. Traditional Transaction vs Blockchain
4. How Blockchain Works
5. Benefits of Blockchain
6. Blockchain Transaction Demo
Here is the link to the Blockchain blog series: https://goo.gl/DPoAHR
You can also refer this playlist on Blockchain: https://goo.gl/V5iayd
DAOs on Ethereum: The Future of Venture FinancePaul Kohlhaas
An overview and explanation of current developments of DAOs on the Ethereum Blockchain. Specific focus on the slock.it DAO use case, governance, entity interactions and a financial categorization.
Paradigm Capital Blockchain, Cryptocurrency & Apps ReportDaniel Lee
The document discusses the opportunities in blockchain technology and cryptocurrency. It notes that blockchain has the potential to massively change business processes and industries, as well as unlock new business opportunities, similar to how the internet impacted markets. Blockchain also has the potential to help distribute wealth more widely by banking the unbanked global population. The document provides an overview of the blockchain and cryptocurrency markets, Canadian companies involved, popular blockchain applications like Bitcoin and Ethereum, and concludes that we are still in the early stages of blockchain's impact and the opportunity for high returns has just begun.
8 Decimal Capital Enterprise Solution OverviewRemi Gai
Read 8 Decimal’s latest deck for a comprehensive overview of enterprise blockchain solutions and to learn about its past, present and future developments. The deck also covers numerous use-cases and case studies of blockchain enterprise implementation, including IBM, OpenBazaar, ecommerce, retail, supply chain management, Tradelens, and energy management, among others, to name a few.
Blockchain and distributed ledger technology (DLT) can help address trust issues in business networks. Blockchain provides a decentralized peer-to-peer network with a shared, distributed ledger that allows all participants to see a single system of record. It records all transactions across the business network, shares the ledger among participants, and replicates it so each participant has their own copy while maintaining privacy. This can enable use cases like maintaining shared reference data, tracking provenance in supply chains, creating immutable financial records for auditing, and facilitating faster letter of credit transactions with reduced costs and risk. DLTs like Hyperledger and Corda implement features of blockchains but without requiring a native digital asset.
Blockchain - Primer for City CIOs v05 01 22.pdfssusera441c2
Blockchain primary for city government chief information officers. Originally prepared for the Cities Leadership Forum hosted by Cities Institute, Philadelphia March 2022.
Blockchain - Primer for City CIOs v03 28 22ssusera441c2
High level primer (explainer) for city CIOs interested in understand what is distributed ledger technology or blockchain, government use cases and concerns or considerations for adoption.
How Retirement Services Providers Can Tap Blockchain Thinking and TechnologyCognizant
Blockchain's peer-to-peer transference technology offers numerous benefits - digital trust, operational improvement and cost reduction, enhanced customer experience, and business resilience. We offer a vision of blockchain technology's potential applications - experimental use cases - for the retirement services industry.
Nov 2 security for blockchain and analytics ulf mattsson 2020 nov 2bUlf Mattsson
Blockchain
- What is Blockchain?
- Blockchain trends
Emerging data protection techniques
- Secure multiparty computation
- Trusted execution environments
- Use cases for analytics
- Industry Standards
Tokenization
- Convert a digital value into a digital token
- Tokenization local or in a centralized model
- Tokenization and scalability
Cloud
- Analytics in Hybrid cloud
Blockchain is a technology for a new generation of transactional applications that establishes trust,
accountability and transparency while streamlining processes in business networks. Think of it as
an operating system for interactions between participants in a business network. It has the potential
to vastly reduce the cost and complexity of getting things done
Blockchain and XBRL at the 2017 American Accounting Association presented b...Workiva
The integration of "Blockchain and XBRL" provides a seamless data solution, with blockchain as a potential output from XBRL based reporting.
Blockchain’s smart contracts might also be facilitated by an XBRL’s powerful persistent data model.
MTBiz is for you if you are looking for contemporary information on business, economy and especially on banking industry of Bangladesh. You would also find periodical information on Global Economy and Commodity Markets.
Blockchain Technology- A Conceptual OverviewIRJET Journal
This document provides an overview of blockchain technology, discussing its key characteristics and potential applications. It begins by explaining how blockchain originated with Bitcoin and functions as a decentralized public ledger replicated across a network of nodes. Blockchain allows for transparency in transactions and authentication of identities without intermediaries. It also discusses challenges like ensuring privacy while maintaining an immutable record. The document surveys potential uses of blockchain in areas like finance to increase efficiency, cut costs, and facilitate secure money transfers without reliance on trust between parties. It concludes by examining different levels of blockchain adoption and how regulatory frameworks will influence mainstream implementation.
Distributed Ledger Technology as Financial Market InfrastructureTim Swanson
Tim Swanson discusses the challenges of building modern financial market infrastructure (FMI) using distributed ledger technology (DLT). FMI requires international collaboration between regulated participants, unlike individual entrepreneurs building social media platforms. Regulations govern areas like capital requirements, data privacy, and smart contract legal issues across jurisdictions. Central bank-issued digital currencies (CBDCs) could allow direct peer-to-peer transactions without intermediaries, but differ from cryptocurrencies by being tied to a central bank and monetary policy. Key challenges for DLT in financial services include governance, scalability, security, integration with existing systems, identity, and legal recognition of smart contracts.
HOW COULD BLOCKCHAIN TECHNOLOGY CHANGE FINANCE?MorCryp
How Could Blockchain Technology Change Finance? Blockchains can serve as a fully transparent and accessible system of record for regulators. It can also be coded to authorize transactions which comply with regulatory reporting. Read more...
Blockchain - key concepts and its importance for the Financial Services innovation, lecture at ESCP Europe's Business School as part of certified FinTech diploma
The article outlines a number of disadvantages, advantages and advantages of the blockchain today. Also, the types of blockchain are given and how blockchain allows you to organize trade without intermediaries, which can later introduce many services into everyday life and change the way the banking sector works. Mukhammedova Zarina Murodovna "Disadvantages and Advantages of Blockchain" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-5 , August 2021, URL: https://www.ijtsrd.com/papers/ijtsrd46253.pdf Paper URL: https://www.ijtsrd.com/economics/other/46253/disadvantages-and-advantages-of-blockchain/mukhammedova-zarina-murodovna
A guest lecture delivered by Dr Farrukh Habib at INCEIF, Kuala Lumpur, on 22nd March, 2018.
Dr Farrukh Habib is an expert in sharia and Islamic finance. He is a adviser, researcher and trainer. He is keen interest in FinTech.
This document discusses seven real-world applications of blockchain technology that could significantly impact industries and markets. It analyzes how blockchain could enable new distributed power markets worth $2.5-7 billion annually by facilitating secure transactions between individuals on the electric grid. It also explores how blockchain-based identity and reputation management could accelerate the sharing economy, such as by generating $3-9 billion in additional travel booking fees through 2020. Other applications examined include reducing title insurance costs through more efficient property record verification, and lowering capital market post-trade costs by streamlining securities clearing and settlement. The document analyzes the opportunities and challenges associated with implementing blockchain solutions in these domains.
Blockchain applications in payments and fintechPenser
An overview of blockchain applications in the payments and fintech industry, with recent examples. For full article, see - https://www.penser.co.uk/blockchain-applications-payments-fintech/
Blockchain can be used across the whole manufacturing industry to address all different types of projects and stakeholders. Its value to the manufacturing vertical is promising as Industry 4.0 continues to grow.
Predictably Improve Your B2B Tech Company's Performance by Leveraging DataKiwi Creative
Harness the power of AI-backed reports, benchmarking and data analysis to predict trends and detect anomalies in your marketing efforts.
Peter Caputa, CEO at Databox, reveals how you can discover the strategies and tools to increase your growth rate (and margins!).
From metrics to track to data habits to pick up, enhance your reporting for powerful insights to improve your B2B tech company's marketing.
- - -
This is the webinar recording from the June 2024 HubSpot User Group (HUG) for B2B Technology USA.
Watch the video recording at https://youtu.be/5vjwGfPN9lw
Sign up for future HUG events at https://events.hubspot.com/b2b-technology-usa/
Open Source Contributions to Postgres: The Basics POSETTE 2024ElizabethGarrettChri
Postgres is the most advanced open-source database in the world and it's supported by a community, not a single company. So how does this work? How does code actually get into Postgres? I recently had a patch submitted and committed and I want to share what I learned in that process. I’ll give you an overview of Postgres versions and how the underlying project codebase functions. I’ll also show you the process for submitting a patch and getting that tested and committed.
Learn SQL from basic queries to Advance queriesmanishkhaire30
Dive into the world of data analysis with our comprehensive guide on mastering SQL! This presentation offers a practical approach to learning SQL, focusing on real-world applications and hands-on practice. Whether you're a beginner or looking to sharpen your skills, this guide provides the tools you need to extract, analyze, and interpret data effectively.
Key Highlights:
Foundations of SQL: Understand the basics of SQL, including data retrieval, filtering, and aggregation.
Advanced Queries: Learn to craft complex queries to uncover deep insights from your data.
Data Trends and Patterns: Discover how to identify and interpret trends and patterns in your datasets.
Practical Examples: Follow step-by-step examples to apply SQL techniques in real-world scenarios.
Actionable Insights: Gain the skills to derive actionable insights that drive informed decision-making.
Join us on this journey to enhance your data analysis capabilities and unlock the full potential of SQL. Perfect for data enthusiasts, analysts, and anyone eager to harness the power of data!
#DataAnalysis #SQL #LearningSQL #DataInsights #DataScience #Analytics
ViewShift: Hassle-free Dynamic Policy Enforcement for Every Data LakeWalaa Eldin Moustafa
Dynamic policy enforcement is becoming an increasingly important topic in today’s world where data privacy and compliance is a top priority for companies, individuals, and regulators alike. In these slides, we discuss how LinkedIn implements a powerful dynamic policy enforcement engine, called ViewShift, and integrates it within its data lake. We show the query engine architecture and how catalog implementations can automatically route table resolutions to compliance-enforcing SQL views. Such views have a set of very interesting properties: (1) They are auto-generated from declarative data annotations. (2) They respect user-level consent and preferences (3) They are context-aware, encoding a different set of transformations for different use cases (4) They are portable; while the SQL logic is only implemented in one SQL dialect, it is accessible in all engines.
#SQL #Views #Privacy #Compliance #DataLake
Analysis insight about a Flyball dog competition team's performanceroli9797
Insight of my analysis about a Flyball dog competition team's last year performance. Find more: https://github.com/rolandnagy-ds/flyball_race_analysis/tree/main
The Ipsos - AI - Monitor 2024 Report.pdfSocial Samosa
According to Ipsos AI Monitor's 2024 report, 65% Indians said that products and services using AI have profoundly changed their daily life in the past 3-5 years.
3. { : }
Agenda
Relevance of our partnership
The Promise of Blockchains
Challenges of Blockchain Adoption
MongoDB & BigChainDB
4. MongoDB Inc,
700+ employees 3000+ customers
Offices in London, NY & Palo Alto and
across EMEA, and APAC World Class Advisory
5. How we drive value
Dramatically
reduce TCO
Reduce Risk for
mission critical
applications
Accelerate time
to value
Use data and
technology to gain
competitive advantage
6. We bring next generation platforms to life
Powering Single
View use cases
Modernizing
Mainframes and
increasing resilience
Enabling
micro services,
a driver for
transformation
NOW:
The underpinning
for Blockchain
9. Why: The benefits are enormous
“Numerous research reports put potential efficiency
gains to financial services from blockchain at between
$15bn and $20bn. Already today, using blockchain-
based applications, companies could bring the cost of
a cross-border transaction down from $25 to $1 or $2.
This will drive adoption.”
-Oliver Bussmann
– Bussmann Advisory and ex-Group CIO of UBS
FT: Banks will not adopt blockchain fast
10. IBM: Leading the pack in blockchain banking
Strategy is already being defined
16. My Background at Barclays
• Started looking at Blockchain “side of desk” in early 2014
• Became officially full time October 2014
• Identified now over 60x use cases, completed 20 experiments and now
moving into develop pilots
• Founder member of R3 consortium
• April 2016 became the first UK bank to offer accounts to Blockchain
companies
• PoCs and Accelerator companies…
17. Why Blockchain
FI’s Have Recognised the Potential of Blockchain…
• Met with over 300 Blockchain Companies
• SME’s have delivered live pilots, and over 60
PoCs
for Tier one Global Bank
• Highly networked with access to global network
of founders~
• Former Gartner Head of Digital Banking
leading research tool build out
• 3 of the top 20 Global Fintech SME’s (rated by
City AM)
• Advisors to Governments, Central Banks and
Regulators globally
But are struggling to convert that into value
creating product…
• DAH raised $60M
• R3 consortium 55
banks / exchanges /
asset managers
• Visa / Nasdaq invest
$30M in Chain.com
• CLS Announced first
large scale project
• Total value of
Blockchain investment
exceeds $2bn
• Start-ups struggling with access and SME knowledge to impact Post
Trade, Trade Finance, Identity and Provenance use cases
• Early Bitcoin companies closing or seeking funding outside the USA
• Second wave of Blockchain start-ups based on Ethereum (e.g.
Clearmatics, Axoni) now progressing with banks behind closed doors
• Banking on Blockchain brings commercial and execution expertise to turn
this potential into ARR for these start-ups
We have collated the insights to find value for banks… And assembled the team that allows us to deliver value…
18. Blockchains without the Coin?
• Recent discourse has evolved. There’s now an argument over what The Blockchain is. Is it the actual
code and network that supports Bitcoin?
• Bitcoin’s breakthrough was to have everyone share an entire copy of an entire ledger. The opposite of
what banks do, but it introduced new problems
• Replicating all data to all nodes isn’t compatible with data privacy legislation banks need to adhere to, it
also places uncomfortable amounts of control on core devs and mining conglomerates (consider there
are 192 SWIFT members, vs 9 dominant miners)
• Richard Brown (R3) described a continuum in 2014 (pictured below) where there are a set of design
choices and trade offs to be made depending on what you’re trying to achieve.
Traditional
Financial Services
Centralised
Bitcoin
Decentralised
Opportunity Space
Ripple
Stellar
Ethereum
Counterparty
Eris Industries
BigchainDB
19. “Blockchain” – A Three Layer Model
There are a number of technologies all being called “Blockchain”
• In addition within each of these technology types, there are a number of approaches each with their own world
view and terminology
• The diagram below attempts to simplify this by abstracting the broader concepts
• The diagram on the right then puts this in the context of Bitcoin (as a reference only)
Shared Ledger - “The Database”
Smart Contract “The Middleware”
Application “The Interface”
Three Layer Model
Shared Ledger e.g. “The Blockchain”
Smart Contract e.g. “Unspent txn Output”
Application e.g a “Bitcoin Wallet”
Three Layer Model applied to Bitcoin
A
SC
SL
A
SC
SL
20. Smart Contract Implementation Types
Smart Contract is a loaded term that means something very different to lawyers than software
engineers
• Smart Contract Code: Code that governs something important or valuable and executes “everywhere”
• Smart Legal Contracts: Replace or re-implement paper contracts with smart contract code
• The DAO / DAO’s: An entire organisation incorporated using smart contract code, including bylaws, asset
ownership and governance
The Diagram below shows these broken out
• Note: The term “contract” creates a great deal of confusion for a type of software that is actually highly varied and fragmented in approach and design
• Note 2: However the potential for both replacing existing legal agreements and creating entirely novel agreements is still highly exciting
• Note 3: There are now a good number of start-ups offering a mixture of SC1 and SC2 implementations
Smart Contract “The Middleware”
The DAO / DAO’s
Smart Legal Contracts
Smart Contract Code
SC
SC1
SC2
SC3
21. Three Layer Model Example –
Application Layer (A)
The App layer can be changed easily without changing the underlying technologies
• From 2013 developers began to use the underlying Bitcoin infrastructure (miners, Blockchain and UTXO) to
perform other tasks. This is arguably the simplest change, but is not the focus financial services players to date
• The diagram on the left shows Bitcoin in the standard configuration
• The diagram on the right then shows what a different application might look like with the two base layers
unchanged
Shared Ledger e.g. “The Blockchain”
Smart Contract e.g. “Unspent txn Output”
Application e.g. “Bitcoin Wallet”
Three Layer Model
Shared Ledger “The Blockchain”
Smart Contract “Unspent txn Output”
Application “Notary Service”
Three Layer Model applied to Bitcoin
A
SC
SL
A
SC
SL
22. • Conceptually the idea is to create one “global” ledger for the world rather than each bank maintaining books and
records separately
• Below is a scenario where multiple banks and corporates need to keep up to date with where their assets and
liabilities are (image courtesy for Richard Brown www.gendal.me )
Today Tomorrow
Reconciliation through paper, many databases
2 – 5 day settlement of transactions
Reconciliation through cryptography “mining”
2 – 5 second settlement of transactions
The Shared Ledger (SL) Concept
23. Smart Contract and Shared Ledgers
Summary
Shared Ledger
Smart Contract
Application
Three Layer Model Three Layer Model exploded
A
SC
SL
A
SL1
SC1
SC2
SC3
SL2
SL3
Applications remain simple / programmable
Smart Contract Code
Smart Legal Agreements
The DAO / DAO’s
Private
Permissioned
Permissionless
A
B
Notary
Tokenised
24. What is it?
A registry for start-ups to record ownership and founder equity on a blockchain. They have
signed up 6 pilot customers (Changetip, Peernova, Chain.com, Tango, Vera and Synack). The
NASDAQ pilot facilitates the issuance, cataloging and recording of transfers of shares of
privately-held companies on The NASDAQ Private Market.
Why?
Ttypically founder share agreements are verbal, leading to issues at seed and Series A. By contrast
the NASDAQ pilot provides customers with agreed state of equity, the shared history of ownership,
backed up by the network and fixed in the blockchain history. This eases dispute resolution
procedures and ensures data integrity and freedom from corruption.
How did they do it?
They implemented a standard implementation of Chain.com (which is a forked version of Bitcoin
itself). It essentially shared the data between nodes and uses a modified mining algorithm to
sign the transactions
Could they have done this without a Shared Ledger or Smart Contract stack?
Yes, but the audit transparency / certainty would be removed.
Industry Case Study – NASDAQ LinQ
(Chain.com)
SL1A : Peernova
SC1: Chain.com
App: NASDAQ
Breakdown
App: NASDAQ has not
released details about
the App
Smart Contract: TDG
assumes Chain.com
uses a private version
of UXTO
Shared Ledger: Private
Notary Shared Ledger
to record ownership
25. What is it?
A customer uses an app embedded in the dashboard of a car to “sign” for a car rental contract
digitally. A “smart contract” (computer code) running on a blockchain records that legal
agreement, and is then able to use that authority to unlock the car and complete the payment
with Visa.
Why?
To create a seamless consumer experience around car rental, for the transparency / audit trail a
blockchain provides. The longer term aim is that cars themselves would use Smart Contracts
to be able to manage their own time (think Uber / Automated cars), a consumer would rent the
car itself for a small period of time. The car itself would manage the administration.
How did they do it?
Leveraging DocuSign's Digital Transaction Management (DTM) platform, eSignature solution
and APIs together with the Visa Token Service for secure payment processing.
Could they have done this with a DevOps stack?
Yes, in fact most of it is on DevOps, it’s unclear what (if any) smart contract solution they’re
using or if its proprietary
Industry Case Study - Visa, Docusign Car Rental
Unknown / VISA
SC2: Docusign
App: Docusign
Breakdown
App: Docusign bespoke
Smart Contract:
Docusign bespoke
Shared Ledger:
Unknown if there is any
shared ledger at the
back, may be helpful for
audit purposes. Visa
payment engine used
26. The Next 12 Months
Building on early PoCs with regulatory involvement
• The regulatory reaction to the subject of “blockchain” has been interesting. Whilst
Bitcoin as a virtual currency without control presents a few issues, it’s stagnation in
recent years has largely stemmed the flow of regulation in that arena.
• Regulators and governments absolutely see the benefits of the technology and appear
content to allow the subject to evolve. Regulator feedback to new design choices will
be crucial in coming years.
• CFTC speech
• UK Government Office for Science report
• Bank of England / UCL / RS Coin – Governer Carney Remarks
(Impact on liquidity risk, focus on DLT for resilience)
• We’re now seeing the beginnings of free market competition with solutions like Axoni (in
which 7 banks and DTCC collaborated), R3 and Digital Asset now potentially evolving a
VHS / Betamax format war. Pay particular attention to recent CLS announcement.
• There is a lot of whitespace – wherever legal document automation is required.
Payments and settlement likely the last to change because of their complexity
27. Key Remaining Challenges
Education
• Given the context laid out in this deck, it appears many are still assuming “classic”
blockchains need to be made to fit the scale challenges of banks. Instead of starting
with bank requirements and seeing what blockchain characteristics apply
• The C-Suite understands it’s got hype, but need people they can trust who can
• Understand how banking works today
• Fully get the complexity of the evolving “blockchain” space
• Successfully translate those into business cases
• Can bring the control teams and stakeholders across a large organisation on that
journey
Skills
• Finding and recruiting the right skills into the right team structure will be a key challenge
as the subject scales
• Many hidden gems inside a large organisation!
28. Research Invest Experiment
✓ Met / Qualified 100s of start-ups
✓ Filtered based on SME
knowledge
✓ Database of Start-up
Capabilities
• Research Portal for Banks
• Curated Knowledge Base
• Database of Start-up
Capabilities
✓ SME led deal flow
✓ Business Case and Tech
DD
✓ Network of FI’s as
customers
• Direct investments
• Co-investments
• Partnerships
available
✓ Knowledge of Good / Bad Use
Cases from prior experience
✓ Experience delivering inside
banks
• Proof of Concept
• Pilots and Consortia
Building
• Live Delivery Support with
compliance / control
training
Market Leading Blockchain Insights
29. Simon Taylor / World leading Blockchain SME and Fintech Influencer
• Led Barclays Blockchain R+D team completing over 60
experiments and 4x pilots in development as of June 2016
• Trusted advisor to UK Government, Bank of England, Tier 1
Banks, Asset Managers and Investors
• World leading subject matter expert with a highly influential
network in the Blockchain ecosystem
• WEF Fintech Advisor 2015 - Present
• UK Government and Bank of England Advisor
• Consultant for top 20 Global Banks on Blockchain
• Led development for Barclays to become first Bank to Offer Bank accounts to
Blockchain Companies in UK
• Personally met with over 300x Blockchain companies
Chris Skinner / CEO & Managing Director
• Author of the bestselling book Digital Bank and its new sequel
ValueWeb,
• Contributor to BBC News, Sky News, CNBC and Bloomberg.
• Chair of the European networking forum: the Financial Services
Club
• Voted one of the most influential people in banking by The
Financial Brand
• Named one of most influential people in financial technology
by the Wall Street Journal’s Financial News.
• C-Suite relationships with Tier 1 Banks Globally
David Brear / Investment Director „Right money in the right places“
• Voted as one of the most popular business and FinTech influencers
by City AM, WSJ & BBC.
• Advising to banks, regulators & governments
• Global Director of Digital Banking in Gartner with senior roles before
this at Infosys, Lloyds Banking Group, Aviva and Foolproof.
• Over 10 years working at an agency, consultancy and on the client side
for a number of top financial services global brands.
• Key note speaker at Money 2020, Next Moneyand Finnovate
The Team
30. Thank you!
We believe financial services is only 1% done and with the power of modern technologies like Blockchain there is
significant value to be unlocked. 11:FS team have built digital banks, research portals, benchmarking products and fintech
labs across a range of financial services disciplines. Be sure to follow @11FSteam and our podcast @Fintechinsiders which
is available on iTunes now!
October 2016
11:FS is a Global Advisory Firm who are recognised subject matter experts in Fintech
11:FS
www.11fs.co.uk
simon@11fsc.o.uk
@sytaylor
@fintechinsiders – fintech podcast goodness on the go
Simon Taylor – Co founder and Blockchain Director at 11:FS
31. { : }
Agenda
Relevance of our partnership
The Promise of Blockchains
Challenges of Blockchain Adoption
MongoDB & BigChainDB
32. The Challenges of Blockchain Adoption:
Interoperability, Integration & Scale
Bruce Pon – Co-Founder & CEO of BigchainDB
35. In this talk:
1.How Interledger solves blockchain interoperability
2.Future opportunities and the Internet of Value
3.Why Ripple & BigchainDB are the companies to work
with
97. Internet Is A Simple Protocol With A Layered Architecture
IP
WIFI BLUETOOTH ETHERNET
Internetwork
Network
Transport TCP UDP
Application HTTP SMTP NNTP NTP RTP
98. ILP
BIGCHAINDB RIPPLE
ISO 20022 BITCOIN ETHEREUM
Interledger
Ledger
Application SPSP PPSP ...
Interledger Is A Simple Protocol With A Layered
Architecture
113. CONFIDENTIAL
PROPRIETARY AND CONFIDENTIAL; Contents are proprietary to Ripple and provided on the condition of confidentiality. Provided information may be disclosed,
reproduced and used only in accordance with a written agreement with Ripple. No implied licenses are intended and all rights are reserved.
Payments are the foundation to
connecting a financial
ecosystem.
114
PROPRIETARY AND CONFIDENTIAL; Contents are proprietary to Ripple Labs and provided on the condition of confidentiality. Provided information may be disclosed,
reproduced and used only in accordance with a written agreement with Ripple Labs. No implied licenses are intended and all rights are reserved.
CONFIDENTIAL
Why Payments?
114. CONFIDENTIAL
PROPRIETARY AND CONFIDENTIAL; Contents are proprietary to Ripple and provided on the condition of confidentiality. Provided information may be disclosed,
reproduced and used only in accordance with a written agreement with Ripple. No implied licenses are intended and all rights are reserved.
Make cross-border payments truly efficient for
banks and their customers.
115
PROPRIETARY AND CONFIDENTIAL; Contents are proprietary to Ripple Labs and provided on the condition of confidentiality. Provided information may be disclosed,
reproduced and used only in accordance with a written agreement with Ripple Labs. No implied licenses are intended and all rights are reserved. CONFIDENTIAL
Ripple’s Mission
115. CONFIDENTIAL
PROPRIETARY AND CONFIDENTIAL; Contents are proprietary to Ripple and provided on the condition of confidentiality. Provided information may be disclosed,
reproduced and used only in accordance with a written agreement with Ripple. No implied licenses are intended and all rights are reserved. 116
Today: International Payments Require a Relay Process
Central
Counterparty
Sending
Correspondent &
Liquidity Provider
Receiving
Correspondent
Central
Counterparty
Sending
Institution
Receiving
Institution
Key Problems
Limited Access: Intermediaries, single liquidity provider
Lack of Certainty: Unidirectional messaging
Duration (2-4 Days): Limited by settlement windows
High Cost: Processing, operations, FX, liquidity cost
116. CONFIDENTIALPROPRIETARY AND CONFIDENTIAL; Contents are proprietary to Ripple and provided on the condition of confidentiality. Provided information may be disclosed,
reproduced and used only in accordance with a written agreement with Ripple. No implied licenses are intended and all rights are reserved. 117
Today: Direct Global Reach Is Costly
Costs associated with nostro accounts: liquidity, regulations, compliance, risk
117. CONFIDENTIAL
PROPRIETARY AND CONFIDENTIAL; Contents are proprietary to Ripple and provided on the condition of confidentiality. Provided information may be disclosed,
reproduced and used only in accordance with a written agreement with Ripple. No implied licenses are intended and all rights are reserved. 118
This Is A Structural Inefficiency
Sending Bank Receiving Bank
Ledger
Record Keeper
Settlement requires a trusted counterparty Creating network silos
118. CONFIDENTIAL
PROPRIETARY AND CONFIDENTIAL; Contents are proprietary to Ripple and provided on the condition of confidentiality. Provided information may be disclosed,
reproduced and used only in accordance with a written agreement with Ripple. No implied licenses are intended and all rights are reserved. 119
…Which Distributed Financial Technology Addresses
Creating interoperable networksDecentralized architecture eliminates need
for intermediaries
119. CONFIDENTIAL
PROPRIETARY AND CONFIDENTIAL; Contents are proprietary to Ripple and provided on the condition of confidentiality. Provided information may be disclosed,
reproduced and used only in accordance with a written agreement with Ripple. No implied licenses are intended and all rights are reserved. 120
Ripple Modernizes the Payments Infrastructure
Applications
Banks
Risk & Governance
Rule Sets
Messaging
Settlement Infrastructure
120. CONFIDENTIAL
PROPRIETARY AND CONFIDENTIAL; Contents are proprietary to Ripple and provided on the condition of confidentiality. Provided information may be disclosed,
reproduced and used only in accordance with a written agreement with Ripple. No implied licenses are intended and all rights are reserved.
Messaging
121
High-Level Architecture
Ripple
Connect
Sending Bank
Ripple
Connect
Beneficiary Bank
Settlement
121. CONFIDENTIAL
PROPRIETARY AND CONFIDENTIAL; Contents are proprietary to Ripple and provided on the condition of confidentiality. Provided information may be disclosed,
reproduced and used only in accordance with a written agreement with Ripple. No implied licenses are intended and all rights are reserved. 122
Ripple: Focus on Cross-Border Transactions
122. CONFIDENTIAL
PROPRIETARY AND CONFIDENTIAL; Contents are proprietary to Ripple and provided on the condition of confidentiality. Provided information may be disclosed,
reproduced and used only in accordance with a written agreement with Ripple. No implied licenses are intended and all rights are reserved.
PROPRIETARY AND CONFIDENTIAL; Contents are proprietary to Ripple and provided on the condition of confidentiality. Provided information may be disclosed,
reproduced and used only in accordance with a written agreement with Ripple. No implied licenses are intended and all rights are reserved. 123
123. CONFIDENTIAL
PROPRIETARY AND CONFIDENTIAL; Contents are proprietary to Ripple and provided on the condition of confidentiality. Provided information may be disclosed,
reproduced and used only in accordance with a written agreement with Ripple. No implied licenses are intended and all rights are reserved. 124
124. CONFIDENTIAL
PROPRIETARY AND CONFIDENTIAL; Contents are proprietary to Ripple and provided on the condition of confidentiality. Provided information may be disclosed,
reproduced and used only in accordance with a written agreement with Ripple. No implied licenses are intended and all rights are reserved. 125
1 Bi-directional Messaging ● Pre-transaction communication
● Flexible structured message data
● Context driven messaging
● Real-time liquidity monitoring
2 Real-time Settlement ● Settlement integrated with messaging and FX
● Atomic processing of complex transactions
● 24/7 real-time inter-bank settlement
3 Liquidity Management ● Option for competitive third-party FX marketplace
● Flexibility to use multiple liquidity models
● Pathfinding capability to optimize transaction costs
Capabilities Enabling Features
Key Enabling Capabilities with Ripple
125. CONFIDENTIAL
PROPRIETARY AND CONFIDENTIAL; Contents are proprietary to Ripple and provided on the condition of confidentiality. Provided information may be disclosed,
reproduced and used only in accordance with a written agreement with Ripple. No implied licenses are intended and all rights are reserved. 126
Financial Technology Company
With Expertise in Global Financial Settlement
150 Employees
65% Engineering Talent
4 Offices Worldwide
San Francisco HQ
London Europe
New York North America
Sydney APAC
Financial Services
• J.P. Morgan
• Citigroup
• HSBC
• DTCC
• Visa
• PayPal
Technology
• Google
• Apple
• Amazon
• Bitcoin
• NSA
• MongoDB
Regulations
• Federal Reserve - NY & Board of Governors
• SEC
• Promontory
Team Experience
• Fiserv
• ACI
• Monitise
• Oracle
• NASA
• Qualcomm
126. CONFIDENTIAL
PROPRIETARY AND CONFIDENTIAL; Contents are proprietary to Ripple and provided on the condition of confidentiality. Provided information may be disclosed,
reproduced and used only in accordance with a written agreement with Ripple. No implied licenses are intended and all rights are reserved.
100+
30+
10 Production
Pilot
Active Partners
127CONFIDENTIAL
Market Traction
First production implementations of blockchain at a bank
127. CONFIDENTIAL
PROPRIETARY AND CONFIDENTIAL; Contents are proprietary to Ripple and provided on the condition of confidentiality. Provided information may be disclosed,
reproduced and used only in accordance with a written agreement with Ripple. No implied licenses are intended and all rights are reserved.
Sample Customers & Partners
128. CONFIDENTIAL
PROPRIETARY AND CONFIDENTIAL; Contents are proprietary to Ripple and provided on the condition of confidentiality. Provided information may be disclosed,
reproduced and used only in accordance with a written agreement with Ripple. No implied licenses are intended and all rights are reserved. 129
133. What is a Blockchain?
blockchain
block·chain·ˈbläk-chān
Noun
1. (1991) hashed-chain of blocks
2. (2008) storage that is decentralized, immutable and holds digital assets
Adjective
1. (2015) a system with the characteristics of decentralized control, immutable and holds digital /
digitized assets
134. 0 50 100 150 200 250 300 350
0
200,000
400,000
600,000
800,000
1,200,000
175,000
367,000
537,000
1,100,000
Nodes
Writes/s
Netflix Uses 37%
Of The Internet
Bandwidth
Using a modern distributed “big data” database
135. Two Ways to solve the Blockchain scale problem
1
Big Data-fy Blockchains
2
Blockchain-ify Big Data
… but how to blockchainify?
- Build on person-decades of work
- Significant scalability hurdles
- Build on person-centuries of work
- Scalability challenges already resolved
or
136. Architecture – Decentralized Federation
MongoDB consensus
Consistent and Resilient
Blockchain consensus
Trust is distributed BigchainDB
Federation
MongoDB
Platform
ALICE
BOB
137. 13
8
Scaling with BigchainDB + MongoDB
THROUGHPUT
>1,000,000 writes/s
~100,000 transactions/s
LATENCY
<100 ms
CAPACITY
Petabytes with each
node adding 48TB
QUERY
Database is fully queryable
SCALABILITY
Performance increases as
nodes are added
DECENTRALIZATION
Federated
non-anonymous participation
138. A scalable blockchain database
for the Enterprise
Challenge: Scaling Blockchain
Level 39, London
October 18, 2016
Trent McConaghy
@trentmc
139. { : }
Agenda
Relevance of our partnership
The Promise of Blockchains
Challenges of Blockchain Adoption
MongoDB & BigChainDB
141. IBM: Leading the pack in blockchain banking
The uses cases have already emerged
142. The uses cases have already emerged
Reconteur: The Future of Blockchain in 8 Charts
143. Settlements of financial
transactions is just one
of the quintessential
use cases
Settlement (finance) Settlement of securities is a business
process whereby securities or interests in securities are
delivered, usually against (in simultaneous exchange for)
payment of money, to fulfill contractual obligations, such as those
arising under securities trades.
149. Best of Two Worlds – BigchainDB + MongoDB
MongoDBBlockchain BigchainDB & MongoDB
Data immutability
Decentralized control
Asset autonomy
High throughput
Low latency
High capacity
Access permissioning
Query & search
150. Security & Privacy
Key distribution infrastructure allows network
participants to identify new members and
members to have full control to selectively
grant data access
Enhanced Data Protection
Suppression of internode communication
and DB admin activities guarantees that
data can’t be modified
Practically Unlimited Scalability
Pipelining of events into a backlog table
allows block creation every second with
transaction validation in parallel.
Throughput of 100k+ transaction per
seconds
Business Logic
Circuit inspired crypto-conditions allow business
logic automation and escrow. If/Then simple
contracts can be triggered with multisig, time
and hash locks
Robust Architecture
Inherits the performance and scalability of the
underlying database platform. Customers can
choose their preferred database substrate to
minimize integration and interoperability
barriers
Components of our Solution
151. 1
The Centralized vs Partly Decentralized
Centralized
Application
Platforms
Data
Platforms
153. Determine exposure and
positions
Streamline back office
processes
Faster post trade
settlement
Prevent fraud
Detect leakage
See bottlenecks and
delays
Reduce risk and cost of
escrow
Reduce time to transmit
funds
Provide audit trail and
receipts
Enable P2P
energy trading
Power IoT and M2M
Balance energy grids
Capital Markets Supply Chain Payments Energy
BigchainDB + MongoDB Example Use Cases
154. Let us help you get started
The solutions are only months away
+