Blockchain for Automotive Industry
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Introductory presentation I gave at Genivi's all member meeting in Birmingham. First part is a blockchain explainer and second part introduces some use-cases.
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Blockchain for Automotive Industry
- 1. www.luxoft.com The Blockchain and Automotive Hype, Reality and Possibilities Vasily Suvorov, VP Technology Strategy May 10, 2017
- 2. www.luxoft.com What is Distributed Ledger Technology? (AKA Blockchain) Decentralized Data-Sharing Technology that: Connects participants in a business ecosystem without a central intermediary Maintains real-time, add-only, unchangeable ledger and history of transactions Automates business rules execution Made possible by a unique combination of Peer-to-peer communications, Strong encryption, Distributed consensus and Smart contracts
- 3. www.luxoft.com Blockchain 101 3 TRANSACTIONS SEQUENCE UNIQUE FINGERPRINT MAGIC NUMBER TRANSACTIONS SEQUENCE UNIQUE FINGERPRINT MAGIC NUMBER TRANSACTIONS SEQUENCE UNIQUE FINGERPRINT MAGIC NUMBER
- 4. www.luxoft.com TRANSACTIONS SEQUENCE UNIQUE FINGERPRINT MAGIC NUMBER TRANSACTIONS SEQUENCE UNIQUE FINGERPRINT MAGIC NUMBER TRANSACTIONS SEQUENCE UNIQUE FINGERPRINT MAGIC NUMBER The key to Confusion - Consensus 4 <send Bob 10BTC> <Bob has +10 BTC>
- 5. www.luxoft.com Application-Specific Parts of Blockchain 5 DATA/STATE SYNCHRONIZATION TRANSACTIONS SEQUENCE UNIQUE FINGERPRINT MAGIC NUMBER CONTENT RE-USABLE DIGITAL SIGNATURES TRANSACTION VALIDATION CONSENSUS SPECIFIC
- 6. www.luxoft.com Smart Contracts Intro “Ideal Smart Contract” 6 Prose Executabl e Terms Current Implementations• Signatures • Balances • Conditions • Turing Complete • Balance • KV Store A smart contract is a computerized transaction protocol that executes the terms of a contract* “ * Nick Szabo - 1994
- 7. www.luxoft.com Platform Selection and Business Mapping Framework (4C Model*) 7 CONTENT CONSENSUS COMMUNICATIONS CONTRACT How can we animate the immutable record so that events trigger actions? How can we agree the immutable record of transactions? What kind of assets will be in the transactions? Which entities create and propagate transactions? SHARED LEDGER SHARED LEDGER APPLICATIONS CONSENUSCOMPUTER (*Source: Consult Hyperion 2015)
- 8. www.luxoft.com Can blockchains scale? 8 Network Size Throughput < 100 tx/s High Latency > 10K tx/s Network Latency < 20 nodes > 1000 nodes Stellar / Ripple IOTA Ethereum PoW Bitcoin POW Kadena Tendermint Symbiont Ethereum PoS*
- 9. www.luxoft.com BLOCKCHAIN FOR AUTOMOTIVE Promising Use-Cases Immutability Auditability Consensus Encryption • Connected Car Ecosystem – How Data & Apps are used • Mobility Services – How cars are shared • Security & Safety – Addressing hacking and privacy concerns • Ownership - How cars are owned Connecting multiple players and processes to improve: • Payments • Identity • Supply Chain & Manufacturing • Extended Services • V2X
- 10. www.luxoft.com P2P Charging for Electric Cars 10 Wallet Charging Station Directory Custodian Service Launched on 5.5.2017 1100+ charging stations
- 11. www.luxoft.com Taking Advantage of de-centrilized ecosystem 11 Creates Car ID Ownership Service Car ID/ Private Key SW Update Per Drive
- 12. www.luxoft.com Summary Blockchain is rapidly developing beyond Financial Services Automotive industry is facing fundamental transformation and blockchain is a natural fit Autonomous cars will require decentrilized ecosystem Standards and co-operation is required to make real progress Genivi is a great place to embrace the technology and make progress together