SlideShare a Scribd company logo
1Page© 2016 IBM Corporation© 2016 IBM Corporation
Making Blockchain Real for Business
Explained
David Smits
IT Architect
Contents
is Blockchain?
is it relevant
for our business?
can IBM help
us apply Blockchain?
2Page© 2016 IBM Corporation
3Page© 2016 IBM Corporation
Business networks,
wealth & markets
– Business Networks benefit from connectivity
• Participants are customers, suppliers,
banks, partners
• Cross geography & regulatory boundary
– Wealth is generated by the flow of
goods & services across business
network in transactions and contracts
– Markets are central to this process:
• Public (fruit market, car auction), or
• Private (supply chain financing, bonds)
4Page© 2016 IBM Corporation
Transferring assets, building value
Two fundamental
types of asset
Intangible assets
subdivide
Cash is also
an asset
– Tangible, e.g. a house
– Intangible, e.g. a mortgage
– Financial, e.g. bond
– Intellectual, e.g. patents
– Digital, e.g. music
– Has property of anonymity
Anything that is capable of being owned or controlled to produce value, is an asset

Recommended for you

Making Blockchain Real for Business - Kathryn Harrison (IBM, Middle East and ...
Making Blockchain Real for Business - Kathryn Harrison (IBM, Middle East and ...Making Blockchain Real for Business - Kathryn Harrison (IBM, Middle East and ...
Making Blockchain Real for Business - Kathryn Harrison (IBM, Middle East and ...

Making Blockchain Real for Business - Kathryn Harrison (IBM, Middle East and Africa Payment and Blockchain Leader) İçinde bulunduğumuz teknoloji çağının getirdikleri ile birlikte finans dünyasını yeni teknolojiler bekliyor. Bitcoin ve Blockchain teknolojisi bunların başında yer alıyor. Finans dünyasındaki tüm kuralları değiştirebilecek potansiyeli içinde barındıran bu iki teknolojiye olan ilgi her geçen gün artmakta. İstanbul Finans Derneği işbirliği ve Business Ankara medya sponsorluğunda düzenlenen etkinlikte, 'bitcoin' ve 'blockchain' teknolojileri gerek yazılım gerekse finansal boyutuyla ele alındı. - 31 Mart 2016 meet@ideaport | Finans Dünyasında Yeni Trend: Bitcoin ve Blockchain

inovationtechnologycripto money
Blockchain for Business on Hyperledger
Blockchain for Business on HyperledgerBlockchain for Business on Hyperledger
Blockchain for Business on Hyperledger

Blockchain technology allows strangers on the internet to agree on transactions without a central authority through the use of distributed ledgers, consensus algorithms, and cryptography. The Hyperledger project is developing open source blockchain frameworks and tools for businesses to create applications on permissioned blockchains. An example application tracks pork products in a supply chain using smart contracts on Hyperledger Fabric to provide transparency into where products come from.

ato 2016blockchainall things open
Kathleen Breitman at the Hyperledger Meetup
Kathleen Breitman at the Hyperledger Meetup Kathleen Breitman at the Hyperledger Meetup
Kathleen Breitman at the Hyperledger Meetup

Distributed ledgers offer advantages for capital markets by providing a single record of transactions maintained across multiple nodes, avoiding political battles over control. They could help reconcile complex transactions recorded across old, fragile software systems in bank back offices. A distributed ledger maintained between different financial players could more easily track a swap sold and resold between custodians than traditional systems. Potential use cases involve a lack of central authority, robust regulatory needs, and transactional processes followable as smart contracts. Examples include repo agreements, FX settlement, and trade reconciliations.

blockchain
5Page© 2016 IBM Corporation
Ledgers are key …
Ledger is THE system of record for a business.
Business will have multiple ledgers for multiple
business networks in which they participate.
– Transaction – an asset transfer onto or
off the ledger
• John gives a car to Anthony (simple)
– Contract – conditions for transaction to occur
• If Anthony pays John money, then car passes
from John to Anthony (simple)
• If car won't start, funds do not pass to John (as
decided by third party arbitrator) (more complex)
6Page© 2016 IBM Corporation
Introducing Blockchain
A shared ledger technology allowing any participant in the business network
to see THE system of record (ledger)
6Page© 2016 IBM Corporation
7Page© 2016 IBM Corporation
Problem …
… Inefficient, expensive, vulnerable
Bank
records
Party A’s
records
Party C’s
records
Auditor
records
Party B’s
records
Party D’s
records
8Page© 2016 IBM Corporation
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

Recommended for you

1. ibm blockchain explained
1. ibm blockchain explained1. ibm blockchain explained
1. ibm blockchain explained

Bitcoin: A Peer-to-Peer Electronic Cash System Satoshi Nakamoto satoshin@gmx.com www.bitcoin.org Abstract. A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. Digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is still required to prevent double-spending. We propose a solution to the double-spending problem using a peer-to-peer network. The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work. The longest chain not only serves as proof of the sequence of events witnessed, but proof that it came from the largest pool of CPU power. As long as a majority of CPU power is controlled by nodes that are not cooperating to attack the network, they'll generate the longest chain and outpace attackers. The network itself requires minimal structure. Messages are broadcast on a best effort basis, and nodes can leave and rejoin the network at will, accepting the longest proof-of-work chain as proof of what happened while they were gone.

ibmibm blockchainblockchain
Introduction to Blockchain
Introduction to BlockchainIntroduction to Blockchain
Introduction to Blockchain

The document provides an overview of blockchain technology and its applications for businesses. It discusses how blockchain can be used to streamline business processes and transactions by establishing trust, accountability, and transparency across business networks. Key points made in the document include: - Blockchain allows for real-time integration of business transactions and makes business activities transparent and auditable. It can eliminate intermediaries and scale easily. - Blockchain opens up new business models by sharing information in a distributed ledger across organizational boundaries. - Examples are given of how blockchain could improve efficiency in areas like trade finance disputes, supply chain management, and more. - The document outlines some of the key components of blockchain solutions like smart contracts, consensus mechanisms, and

information technologyblockchainit
IBM - Blockchain Explained - Introduction for Business
IBM - Blockchain Explained - Introduction for BusinessIBM - Blockchain Explained - Introduction for Business
IBM - Blockchain Explained - Introduction for Business

Blockchain Explained - An Introduction to Blockchain for Business. Presentation by Mikael Haglund, CTO IBM Sweden, held at Watson Sweden Summit 2017

blockchainibmwatson sweden summit 2017
9Page© 2016 IBM Corporation
– Unregulated, censorship-
resistant shadow currency
– First Blockchain application
• Pioneer of Blockchain
technology
Blockchain underpins Bitcoin …
… Digital currencies different from cryptocurrency
9Page© 2016 IBM Corporation
BUT
is not bitcoin
10Page© 2016 IBM Corporation
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
11Page© 2016 IBM Corporation
• Shared between participants
• Participants have own copy through replication
• Permissioned, so participants see only appropriate transactions
• THE shared system of record
Records all transactions across business network
Shared ledger
12Page© 2016 IBM Corporation
Smart contract
• Verifiable, signed
• Encoded in programming language
• Example:
– Defines contractual conditions under which corporate Bond transfer occurs
Business rules implied by the contract … embedded in the Blockchain
and executed with the transaction

Recommended for you

Blockchain architected
Blockchain architectedBlockchain architected
Blockchain architected

This document discusses key concepts and components related to blockchain solutions, including actors such as users, developers, operators, and architects. It describes various components that make up blockchain solutions such as ledgers, smart contracts, consensus mechanisms, and how applications interact with blockchains. It also covers considerations for blockchain developers and operators, and challenges around integrating blockchains with existing systems and achieving determinism.

blockchainibmwatson kista summit 2018
Blockchain session @ 2nd Bluemix Meetup
Blockchain session @  2nd Bluemix MeetupBlockchain session @  2nd Bluemix Meetup
Blockchain session @ 2nd Bluemix Meetup

This document discusses blockchain and how IBM can help businesses apply it. Blockchain is a shared, replicated, permissioned ledger technology that can improve business networks by reducing costs, increasing efficiencies and accessibility. It addresses challenges across industries. IBM supports the open standard Hyperledger Project and provides blockchain services through Bluemix to help customers get started incrementally with blockchain.

blockchainbitcoinibm
Introduction to Blockchain and the Hyperledger Project
Introduction to Blockchain and the Hyperledger ProjectIntroduction to Blockchain and the Hyperledger Project
Introduction to Blockchain and the Hyperledger Project

Does The Hyperledger Project have the potential to become the engine behind most successful decentralized applications and organizations created in the next 25-50 years? Absolutely! A much better question is how, and in what new ways, can we: a) Build decentralized applications, organizations and APIs at 10x the speed at 1/10 the cost. b) Build situational awareness in the local community. I believe that the convergence of decentralized applications, decentralized organizations, artificial intelligence and IoT brings upon us the Great Displacement of the 21st century, where the majority of workforce will be left without “conventional” jobs, forced to learn new skills and professions. Why? Founders of this group believe that the Hyperledger Foundation will be the engine behind decentralization of the world, a massive economic change of the next 25-50 years. So.... why don't we standardize and democratize the field with and around Hyperledger? What? We are a local micro community of those interested in advancing their knowledge of Hyperledger, its use cases and applications. How? Join our group for a regular dose of human interaction, conversations, smiles, food and drinks on all things Hyperledger: • Use Cases • Competitive analysis of Hyperledger startups (Distributed Apps from disruptive companies in specific vertical markets) • How-To’s • Interviews with individuals working at the edge of the Hyperledger project • Reviews of tools, services and APIs offered by the Hyperledger ecosystem • Best Practices in Application Architecture • Do’s and Don’ts • Application Templates • Hackathons • Security in the decentralized world - on the edge, on the node, in the cloud and in transit • How others solve some of the hard problems that exist in the world using Hyperledger. https://www.hyperledger.org https://github.com/hyperledger Join the movement. Let’s change the world. Because with Hyperledger we can. This slides belong to a presentation done by Manuel Garcia @ http://www.meetup.com/HyperLedger-and-Blockchain-Apps-Buenos-Aires

hyperledgeribmplatform as a service
13Page© 2016 IBM Corporation
Privacy
• Participants need:
– Transactions to be private
– Identity not linked to a transaction
• Transactions need to be authenticated
• Cryptography central to these processes
Ledger is shared, but participants require privacy
14Page© 2016 IBM Corporation
Consensus
• Anonymous participants
– Bitcoin cryptographic mining provides
randomized selection among anonymous
participants
– Significant compute cost (proof of work)
• Known & trusted participants
– Commitment possible at low cost
– Byzantine fault tolerance (BFT)
… the process by which transactions are verified
• Multiple alternatives
– Proof of stake, where influence is determined by
risk of validators
– Multi-signatures, validation needs consent from 3
out of 5 validators
• Industrial Blockchain needs “pluggable”
consensus
15Page© 2016 IBM Corporation
Car Lease Video
16
Regulator
How do participants typically work today ?
Ownership
Transfer
“In house”
(ledger)
Synchronisation:
× Slow
× Error prone
× Multiple ledgers
× Who owns what,
when, could get
confused ?
1.
Manufacturer
“In house”
(ledger)
2. Dealer
“In house”
(ledger)
3. Leasing
Company
“In house”
(ledger)
“In house”
(ledger)
4.
Lessee
5. Scrap
Merchant
“In house”
(ledger)
16Page© 2016 IBM Corporation

Recommended for you

Making Blockchain Real for Business Explained - ibm
Making Blockchain Real for Business Explained - ibmMaking Blockchain Real for Business Explained - ibm
Making Blockchain Real for Business Explained - ibm

Blockchain is a shared, replicated ledger technology that can open up business networks by reducing costs, improving efficiencies, and increasing accessibility. IBM supports an open standards, open source, open governance blockchain through contributions to the Linux Foundation Hyperledger project, which is developing shared ledger technology. IBM offers customers an engagement model to explore blockchain concepts, show proof of technology applications, and integrate blockchain solutions into their enterprise systems.

ledgerblockchaintrust
Trading Derivatives on Hyperledger
Trading Derivatives on HyperledgerTrading Derivatives on Hyperledger
Trading Derivatives on Hyperledger

Trading derivatives on a decentralized system aims for high availability (HA) and disaster recovery (DR). Both HA and DR can be met by incorporating a blockchain and a container technology. The Hyperledger is a blockchain framework aims for a cross-industry open standard with the freely customizable plugins, smart contract, and the data payload. Those features exposes us the easy ways to implement our trading platform on a blockchain. The Docker was brought to handle each specific Hyperledger chain internally. Also, hovering the whole Hyperledger nodes with containers reduce our time in building infrastructure, and much easier to be deployed on the production environment. This presentation will show how we integrate the Hyperledger and the Docker container for our derivatives trading project, and the issues that we are focusing on. Additionally, the talk partially includes the performance evaluation results under different configurations. This talk was delivered at LinuxCon Japan 2016 by Siriwat Kasamwattanarote, Thierry Gibralta, Vsevolod Yugov, Shibo Lin, Hideaki Takei, and Fernando Vazquez

derivativesfuturesstock market
Gluecon 2016 Keynote: Deploying and Managing Blockchain Applications
Gluecon 2016 Keynote: Deploying and Managing Blockchain ApplicationsGluecon 2016 Keynote: Deploying and Managing Blockchain Applications
Gluecon 2016 Keynote: Deploying and Managing Blockchain Applications

Hyperledger is a collaborative effort created by the Linux Foundation to advance blockchain technology for use by enterprises. It aims to create an open standard for distributed ledgers that can transform global business transactions. The project will develop an enterprise-grade open source distributed ledger framework and codebase that users can build industry applications on. It will also create a technical community to benefit solution providers and users focused on blockchain use cases.

blockchainhyperledgerapache brooklyn
17
1. 製造業者
•車を製造します
•販売特約店に所有権を移転します
Participants
Regulator
•Creates “Vehicle Template”
1. Manufacturer
• Manufactures cars
• Transfers ownership to Dealers
2. Dealer
• Sells cars
• Transfers ownership to Leasing
Companies
3. Leasing Company
• Provides lease cars
• Transfers ownership to Lessee
4. Lessee
• Leases Cars
• Transfer of ownership to Scrap
Merchant
5. Scrap Merchant
• Disposes of Cars
17Page© 2016 IBM Corporation
18
Business Process (1/2)
Regulator
1. Creates “Vehicle
Template(V5C)”
1. Manufacturer
3. Add Vehicle
data to V5C
2. Dealer
2. Transfers ownership to Manufacturers
4. Transfers ownership to Dealers
18Page© 2016 IBM Corporation
19
Business Process (2/2)
2. Dealer
3. Leasing
Company
4. Lessee 5. Scrap
Merchant
5. Transfers ownership to Leasing
Companies
6. Transfers ownership to Lessee
7. Transfer ownership to Scrap
Merchant
8. Disposes car
19Page© 2016 IBM Corporation
20
How could participants work with blockchain ?
node
1. Manufacturer
2. Dealer
3. Leasing
Company
4. Lessee
5. Scrap
Merchant
Regulato
r
Shared
Ledger
Smart
Contracts
node
nodenode
node node
Conditions for
asset transfer
Records of
asset transfer
20Page© 2016 IBM Corporation

Recommended for you

Making blockchain real for business
Making blockchain real for businessMaking blockchain real for business
Making blockchain real for business

Blockchain is a shared, replicated ledger technology that can open up business networks by reducing costs, improving efficiencies, and increasing accessibility. It addresses challenges across industries by providing a shared system of record for transactions. The Linux Foundation's Hyperledger project is developing open-source, shared ledger technology standards through collaboration. The blockchain landscape includes identity management, platforms, security, payments, smart contracts, consulting services, industry consortiums, and applications in sectors like finance, supply chain, and government.

blockchaincryptocryptocurrency
Defrag X Keynote: Deploying and managing Global Blockchain Network
Defrag X Keynote: Deploying and managing Global Blockchain NetworkDefrag X Keynote: Deploying and managing Global Blockchain Network
Defrag X Keynote: Deploying and managing Global Blockchain Network

Hyperledger is an open source collaborative effort created to advance cross-industry blockchain technologies. It includes various blockchain frameworks, platforms and libraries for building blockchain applications and solutions. The Linux Foundation hosts the collaboration to provide an open, neutral environment for technical governance. Hyperledger aims to support blockchain applications across different sectors through standards, an open developer community, and enterprise-grade frameworks.

blockchainhyperledgercloudsoft
Blockchain for the Enterprise
Blockchain for the EnterpriseBlockchain for the Enterprise
Blockchain for the Enterprise

Blockchain technology is increasingly being considered for applications in business contexts due to its key properties. It is also very much hyped for its potential to transform existing industries and business models. In Part 1, we will introduce the key properties of blockchain, its limitations, the field and the relevance for SAP and enterprises in general. In Part 2, we will focus on one of the prominent suites available today and provide an demonstration of the POC we’ve developed.

sitnlsapblockchain
21Link https://www.youtube.com/watch?v=IgNfoQQ5Reg21Page© 2016 IBM Corporation
22
Smart
Contract
Smart
Contract
CryptographyCryptography
Shared
Ledger
Shared
Ledger
ConsensusConsensus
Ensuring secure,
authenticated &
verifiable transactions
Business terms
embedded in
transaction database &
executed with
transactions
All parties agree to
network verified
transaction
Append-only distributed
ledger shared across
business network
Blockchain Recap
22Page© 2016 IBM Corporation
23
V5C
Data
Owner: Regulator
VIN:
Maker:
Model:
Methods
Create
V5C
Data
Owner: Manufacturer
VIN:
Maker:
Model:
Methods
Update
Smart Contract (1/2)
Regulato
rCreate V5C template Transfer V5C template to
Manufacturer.
Smart
Contract
Smart
Contract
Crypto
graphy
Crypto
graphy
Shared
Ledger
Shared
Ledger
Conse
nsus
Conse
nsus
Update V5C with car
information
1. ManufacturerRegulato
r
Blank
Rule of Creation
Only Regulator can create
V5C template.
Rule of Update
Only Manufacturer can
update V5C.
V5C
Data
Owner: Manufacturer
VIN:
Maker:
Model:
Methods
Transfer
Blank
123
Alfa Romeo
Mito
23Page© 2016 IBM Corporation
24
Smart Contract (2/2)
V5C
Data
Owner: Dealer
VIN: 123
Maker: Alfa Romeo
Model: MiTO
Methods
Transfer
Transfer V5C to Dealer.
2. Dealer
● ● ●
Disposes car.
5. Scrap Merchant
V5C
Data
Owner: Leasing company
VIN: 123
Maker: Alfa Romeo
Model: MiTO
Methods
Transfer
V5C
Data
Owner: Scrap merchant
VIN: 123
Maker: Alfa Romeo
Model: MiTO
Methods
Dispose
Rule of Dispose
Only scrap merchant can
dispose car.
1. Manufacturer
Transfer V5C to Leasing
Company.
Smart
Contract
Smart
Contract
Crypto
graphy
Crypto
graphy
Shared
Ledger
Shared
Ledger
Conse
nsus
Conse
nsus
24Page© 2016 IBM Corporation

Recommended for you

Blockchain explored
Blockchain explored Blockchain explored
Blockchain explored

Hyperledger Fabric is an implementation of blockchain technology created by the Linux Foundation. It provides a modular architecture and flexible hosting options for developing blockchain applications. Key features include a shared ledger, smart contracts implemented as chaincode, and privacy/permissioning through membership services. The document provides an overview of Hyperledger Fabric v1 and its technical architecture, including concepts like channels, endorsement policies, and the role of ordering service nodes. It also walks through the steps of a sample transaction flow in the network.

blockchainibmwatson kista summit 2018
IBM Cloud Côte D'Azur Meetup - 20181004 - Blockchain Hyperledger Workshop
IBM Cloud Côte D'Azur Meetup - 20181004 - Blockchain Hyperledger WorkshopIBM Cloud Côte D'Azur Meetup - 20181004 - Blockchain Hyperledger Workshop
IBM Cloud Côte D'Azur Meetup - 20181004 - Blockchain Hyperledger Workshop

This document outlines steps for completing two Hyperledger Composer workshops on deploying and testing sample business networks. The first lab guides users through deploying an existing car auction sample network on the Composer playground and testing basic transactions. The second lab instructs users to create their own business network by defining assets, participants and transactions.

cloudhyperledgerlinux
Blockchain Applications in Auto Finance
Blockchain Applications in Auto FinanceBlockchain Applications in Auto Finance
Blockchain Applications in Auto Finance

This document discusses how blockchain technology can be used to improve the car leasing business network. It describes the current inefficient system where each participant maintains their own private ledgers, leading to slow, error-prone synchronization. Blockchain allows for a shared, distributed ledger that gives all participants visibility into the single system of record. This increases trust, reduces costs and risks compared to the current methods. Specific benefits highlighted include improved traceability, more efficient auditing and regulatory compliance, and near real-time execution of transactions like letters of credit.

25
Shared Ledger
Shared Ledger
Block 1020
Previous Hash
Transactions
Create V5C template
Hash of TX
Nonce
Timestamp
● ●
●
● ● ●
Block 1021
Previous Hash
Transactions
Transfer V5C
Regulator to Manufacturer
Hash of TX
Nonce
Timestamp
Block 1022
Previous Hash
Transactions
Hash of TX
Nonce
Timestamp
Block 1023
Previous Hash
Transactions
Hash of TX
Nonce
Timestamp
Update V5C Transfer V5C
Manufacturer to Dealer
Block 1024
Previous Hash
Transactions
Transfer V5C
Dealer to Leasing Company
Hash of TX
Nonce
Timestamp
Block 1025
Previous Hash
Transactions
Leasing Company to Lessee
Transfer V5C
Leasing Company to Lessee
Hash of TX
Nonce
Timestamp
Block 1026
Previous Hash
Transactions
Hash of TX
Nonce
Timestamp
Block 1027
Previous Hash
Transactions
Hash of TX
Nonce
Timestamp
Transfer V5C
Lessee to Scrap
Dispose V5C
Smart
Contract
Smart
Contract
Crypto
graphy
Crypto
graphy
Shared
Ledger
Shared
Ledger
Conse
nsus
Conse
nsus
25Page© 2016 IBM Corporation
26
Distributed to all nodes by Peer2Peer
Smart ContractsShared Ledger
Block
Hash
Node
Node
NodeNode
Consensus
Regulator
1. Manufacturer
2. Dealer
3. Lease
Company
4. Lessee
5. Scrap
Merchant
Node
Hash of TX
nonce
Timestamp
Hash of TX
nonce
Hash of TX
nonce
Hash of TX
nonce
Hash of TX
nonce
Hash of TX
nonce
Create V5C
(Send transaction)
Create V5C
(Send transaction)
Proof of WorkProof of WorkDiscover nonce!Discover nonce!
OK
OK
OKOK
V5C
Data
Owner:
Regulator
VIN:
Make:
Model:
Method Create
Transaction
Create V5C
Create BlockCreate BlockConsensusConsensusCreate V5C
(Execute transaction)
Create V5C
(Execute transaction)
635840321837635840321837
000000012345000000012345
OK
Block
Hash
Transfer V5C
(Send transaction)
Transfer V5C
(Send transaction)
Transaction
Transfer V5C
Node
Hash of TX
nonce
OK
Proof of WorkProof of Work
Hash of TX
nonce
Hash of TX
nonce
Hash of TX
nonce
Hash of TX
nonce
Hash of TX
nonce
Hash of TX
nonce
Hash of TX
nonce
Timestamp
759710275638759710275638
000000067890000000067890
Discover nonce!Discover nonce!Create BlockCreate BlockConsensusConsensus
OK
OK
OKOK
OK
OK
Transfer V5C
(Execute transaction)
Transfer V5C
(Execute transaction)
Block
Hash
Manufacturer
Transfer
Update V5C
(Send transaction)
Update V5C
(Send transaction)
Transaction
Update V5C
Proof of WorkProof of Work
Hash of TX
nonce
Hash of TX
nonce
Hash of TX
nonce
Hash of TX
nonce
Hash of TX
nonce
Hash of TX
nonce
Discover nonce!Discover nonce!Create BlockCreate Block
Hash of TX
nonce
Timestamp
387291845274387291845274
000000037648000000037648
OK
OK
OKOK
OK
OK
ConsensusConsensus
Update
123
Alfa Romeo
MiTO
Update V5C
(Execute transaction)
Update V5C
(Execute transaction)
Shared
Ledger
Smart
Contract
Smart
Contract
Smart
Contract
Crypto
graphy
Crypto
graphy
Shared
Ledger
Shared
Ledger
Conse
nsus
Conse
nsus
26Page© 2016 IBM Corporation
27
Summary
Shared trusted processes
Trusted recordkeepingImprove discoverability
• Reduces complexity
of system interfaces
and reconciliations
between car lease
participants.
• Improves
discoverability and
transparency as ALL
transaction related to
a specific car is
stored on a single
shared ledger.
• Regulation compliance
are checked for each
transactions.
(e.g. VIN can not be
changed after
manufacture)
• All transactions can
not be modified
without the consensus
of other participants.
(As opposed to a single
participant assuring
data integrity)
Reduce costs and complexity
27Page© 2016 IBM Corporation
28Page© 2016 IBM Corporation
Contents
is Blockchain?
is it relevant
for our business?
can IBM help
us apply Blockchain?
28Page© 2016 IBM Corporation

Recommended for you

Making Blockchain Real for Business at the "z Systems Agile Enterprise Develo...
Making Blockchain Real for Business at the "z Systems Agile Enterprise Develo...Making Blockchain Real for Business at the "z Systems Agile Enterprise Develo...
Making Blockchain Real for Business at the "z Systems Agile Enterprise Develo...

Making Blockchain Real for Business at the "z Systems Agile Enterprise Development Conference - 2016"

zsystemssystemzmainframe
Blockchain-Explained-v2.09.pdf
Blockchain-Explained-v2.09.pdfBlockchain-Explained-v2.09.pdf
Blockchain-Explained-v2.09.pdf

This document provides an overview of blockchain technologies and how IBM can help businesses apply blockchain. It defines blockchain as a shared, replicated ledger that allows all network participants to see the system of record. The document outlines several potential benefits of blockchain, such as reducing costs and complexity while improving discoverability and trusted recordkeeping. It also presents several example use cases across different industries where blockchain could help address business challenges. Finally, the document describes IBM's engagement model for helping customers explore blockchain technology through demonstrations and developing blockchain applications.

Blockchain explained-v2.09
Blockchain explained-v2.09Blockchain explained-v2.09
Blockchain explained-v2.09

Blockchain is a shared, replicated ledger technology that can open up business networks by reducing costs, improving efficiencies, and increasing accessibility. IBM supports an open standards, open source, open governance blockchain and is a member of the Linux Foundation Hyperledger project, which is developing open source shared ledger technology. IBM offers customers an engagement model to explore blockchain applications through conversation, demonstrations, proofs of technology, and first projects to help get customers started using blockchain now.

blockchaindownloadbusiness
29Page© 2016 IBM Corporation
Blockchain benefits
Saves
time
Removes
cost
Reduces
risk
Increases
trust
Transaction time
from days to near
instantaneous
Overheads and
cost intermediaries
Tampering, fraud
& cyber crime
Through shared
processes and
recordkeeping
30Page© 2016 IBM Corporation
Benefits
1. Consolidated, consistent
dataset reduces errors
2. Near-real-time of
reference data
3. Naturally supports code
editing and routing code
transfers between participants
What • Competitors/collaborators in a business network need
to share reference data, e.g. bank routing codes
• Each member maintains their own codes,
and forwards changes to a central authority for
collection and distribution
• An information subset can be owned by organizations
How • Each participant maintains their own codes within a
Blockchain network
• Blockchain creates single view of entire dataset
Consensus use case –
Shared routing codes
31Page© 2016 IBM Corporation
Benefits
1. Trust increased, no authority
"owns” provenance
2. Improvement in
system utilization
3. Recalls "specific"
rather than cross fleet
What • Provenance of each component part in complex
system hard to track
• Manufacturer, production date, batch and even
the manufacturing machine program
How • Blockchain holds complete provenance details
of each component part
• Accessible by each manufacturer in the production
process, the aircraft owners, maintainers and
government regulators
Provenance use case –
Vehicle maintenance
32Page© 2016 IBM Corporation
Benefits
1. Lowers cost of audit and
regulatory compliance
2. Provides “seek and find”
access to auditors and
regulators
3. Changes nature of
compliance from
passive to active
What • Financial data in a large organization dispersed
throughout many divisions and geographies
• Audit and Compliance needs indelible record of all
key transactions over reporting period
How • Blockchain collects transaction records from diverse
set of financial systems
• Append-only and tamperproof qualities create high
confidence financial audit trail
• Privacy features to ensure authorized user access
Immutability use case –
Financial ledger

Recommended for you

Making blockchain works for business
Making blockchain works for businessMaking blockchain works for business
Making blockchain works for business

The first slide deck from the IBM Blockchain Foundation for Developers course with an introduction to IBM Hyperledger architecture.

ibmhyperledgerblockchain
Blockchain technology amplify your enterprise / IBM
Blockchain technology amplify your enterprise / IBMBlockchain technology amplify your enterprise / IBM
Blockchain technology amplify your enterprise / IBM

Investment Interest in Blockchain • Blockchain has the potential to reduce infrastructure cost by up to $20 billion a year. • P2P money Transfer across international borders - segment worth $500 B. • Anderseen Horowitz ( VC firm) has invested over USD $100 million into Blockchain technology • All time Public/VC investment into Blockchain startups - $894 million. • Over 4000 active fintech startups in the NY arena and investment in the sector tripling last year to $12 billion.

blockchainibm
Blockchain 101 for Government Officials
Blockchain 101 for Government OfficialsBlockchain 101 for Government Officials
Blockchain 101 for Government Officials

At the 2017 NC Digital Government Summit, I gave a presentation to demystify Blockchain. The presentation explained what is blockchain, compared primitive trade to Burning Man -- and, highlighted the record and public key; then ended with specific use cases.

blockchain 101blockchain explainedblockchain for government
33Page© 2016 IBM Corporation
Benefits
1. Increase speed of execution
(less than 1 day)
2. Vastly reduced cost
3. Reduced risk,
e.g. currency fluctuations
4. Value added services,
e.g. incremental payment
What • 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
How • Blockchain provides common ledger for letters of credit
• Allows all counter-parties to have the same validated
record of transaction and fulfillment
Finality use case –
Letter of credit
Letter of credit
Republic of A
Buyer’s bank issues
LC and sends to
seller’s bank
A Plus
Bank
Bank B
Seller’s bank authenticates
LC and credits Company B
Sales contract
Company B:
Seller/beneficiary
Company A:
Buyer/
applicant
B-land
Buyer applies
for LC
34Page© 2016 IBM Corporation
– Securities
• Post-trade settlement
• Derivative contracts
– Trade Finance
• Bill of Lading
• Cross-currency payment
– Syndicated Loans
– Supply Chain
– Retail Banking
• Cross border remittances
• Mortgage verification & contracts
– Public Records
• Real estate records
• Vehicle registrations
• Citizen Identity
– Digital Property Management
Other potential
use cases
35Page© 2016 IBM Corporation
Patterns for customer adoption
COMPLIANCE
LEDGER
CONSORTIUM
SHARED LEDGER
ASSET
EXCHANGE
HIGH VALUE
MARKET
• Created by a small set of participants
• Share key reference data
• Consolidated, consistent real-time view
• Sharing of assets (voting, dividend notification)
• Assets are information, not financial
• Provenance & finality are key
• Transfer of high value financial assets
• Between many participants in a market
• Regulatory timeframes
• Real-time view of compliance, audit & risk data
• Provenance, immutability & finality are key
• Transparent access to auditor & regulator
35Page© 2016 IBM Corporation
36Page© 2016 IBM Corporation
Key players for Blockchain adoption
Regulator Industry Group (e.g. R3) Market Maker
– An organization who enforces
the rules of play
–Regulators are keen to support
Blockchain based innovations
–Concern is systemic risk – new
technology, distributed data,
security
–Often funded by members of a
business network
–Provide technical advice on
industry trends
–Encourages best practice by
making recommendations to
members
–In financial markets, takes buy-
side and sell-side to provide
liquidity
–More generally, the organization
who innovates
- Creates a new good or service,
and business process (likely)
- Creates a new business process
for an existing good or service

Recommended for you

Building blockchain applications using Java
Building blockchain applications using JavaBuilding blockchain applications using Java
Building blockchain applications using Java

My presentation from Java2Days, with an introduction to blockchain, the IBM Blockchain Platform, Hyperledger Fabric, and a demo of how Java developers can use their existing Java skills to build smart contracts and applications.

blockchainhyperledgerfabric
TDC2018FLN | Trilha Blockchain - BlockChain Casos de Usos alem das CryptoMoedas
TDC2018FLN | Trilha Blockchain - BlockChain Casos de Usos alem das CryptoMoedasTDC2018FLN | Trilha Blockchain - BlockChain Casos de Usos alem das CryptoMoedas
TDC2018FLN | Trilha Blockchain - BlockChain Casos de Usos alem das CryptoMoedas

Blockchain technologies can enable trusted transactions by providing a distributed digital ledger of transactions and asset transfers. The document discusses several use cases of blockchain including enabling global payments, improving supply chain visibility and traceability, facilitating trade finance and private equity administration, and addressing challenges in renewable energy flexibility and aircraft maintenance records. Blockchain allows for near real-time sharing of information across organizations on a secure immutable platform.

tdc2018florianopolis
TDC2018SP | Trilha Blockchain - BlockChain Casos de Usos alem das CryptoMoedas
TDC2018SP | Trilha Blockchain - BlockChain Casos de Usos alem das CryptoMoedasTDC2018SP | Trilha Blockchain - BlockChain Casos de Usos alem das CryptoMoedas
TDC2018SP | Trilha Blockchain - BlockChain Casos de Usos alem das CryptoMoedas

This document discusses various blockchain use cases and projects by IBM. It provides 23 examples of blockchain applications for industries like trade finance, payments, supply chain, food safety, healthcare, energy, and more. For each one, it summarizes the key details including what the application does, how blockchain enables it, and the main benefits. The document aims to demonstrate how IBM is working with clients across sectors to develop blockchain solutions for real-world problems.

tdc2018sp
37Page© 2016 IBM Corporation
Contents
is Blockchain?
is it relevant
for our business?
can IBM help
us apply Blockchain?
37Page© 2016 IBM Corporation
38Page© 2016 IBM Corporation
Blockchain for Business – Our Point of View
Community + Code
Linux Hyperledger Project
Open Source Code: Blockchain for business;
Consensus | Provenance
Immutability | Finality
Open Governance – 100 member cross industry board
Cloud
IBM Blockchain
Blockchain managed service on IBM Cloud and z Systems;
Identity | Consensus | System Integration |
Hardware-assist for Performance & Security
IBM Blockchain on Bluemix
Clients
Blockchain Solutions
Blockchain Garage
Making Blockchain real for business
Blockchain Garage;
New York | London | Singapore | Tokyo
Blockchain Services Practice
39Page© 2016 IBM Corporation
Linux Foundation’s Hyperledger Project
– Linux Foundation project announced December 17, 2015
with 17 founders, now nearly 100 members
– The Hyperledger Project is a collaborative effort to
advance Blockchain technology by identifying and
addressing important features for a cross-industry open
standard for distributed ledgers that can transform the
way business transactions are conducted globally
– Open source and open standards-based
Enable adoption of shared ledger technology at
a pace and depth not achievable by any one
company or industry
QUICK FACTS
Chairman Blythe Masters/DAH
Executive
Director
Brian Behlendorf
Technical Chair Chris Ferris/IBM
Contribution
44,000 lines of code
in February 2016
Sprint to one
codebase with
unified thinking
Staged releases
www.Hyperledger.org
40Page© 2016 IBM Corporation 40Pag© 2016 IBM Corporation
As of 07 September 2016

Recommended for you

Blockchain explained cata
Blockchain explained   cataBlockchain explained   cata
Blockchain explained cata

High level introduction to Blockchain and IBM's offerings presented to the Capital Area Technology Association on 4/18/18.

blockchainibmplatform
Making Blockchain Real for Business
Making Blockchain Real for BusinessMaking Blockchain Real for Business
Making Blockchain Real for Business

This document discusses IBM's blockchain capabilities and case studies. It summarizes IBM's work with over 400 clients on blockchain projects across various industries like trade finance, supply chain, healthcare, and more. It outlines the benefits of blockchain like reducing costs and risks while increasing trust and efficiency. It also discusses IBM's role in the Hyperledger project and engagement models for discussing, prototyping, and scaling blockchain solutions with clients.

IBM Cloud Côte d'Azur Meetup - Blockchain Business Processes & Rule-based Sm...
IBM Cloud Côte d'Azur Meetup - Blockchain Business Processes &  Rule-based Sm...IBM Cloud Côte d'Azur Meetup - Blockchain Business Processes &  Rule-based Sm...
IBM Cloud Côte d'Azur Meetup - Blockchain Business Processes & Rule-based Sm...

The document discusses integrating IBM Operational Decision Manager (ODM) with blockchain and smart contracts to enable rule-based smart contracts. It provides examples of how ODM can be used to author, govern, and execute the business logic and rules that define smart contract terms and conditions. Key points include externalizing smart contract business logic in ODM for maintenance by business users, and integrating an ODM rule execution server with Hyperledger Fabric to allow calling decision services from smart contracts via REST APIs. This enables evolving smart contracts governed by business users without changing code.

blockchainsmart contractbusiness rules
© 2016 IBM Corporation 41
Comparison Matrix
Hyperledger Ethereum Ripple Bitcoin
Description General purpose
Blockchain
General purpose
Blockchain
Payments
Blockchain
Payments
Blockchain
Governance Linux Foundation Ethereum Developers Ripple Labs Bitcoin Developers
Currency None Ether XRP BTC
Mining Reward N/A Yes No Yes
State Key-value database Account data None Transaction data
Consensus Network Pluggable : PBFT Mining Ripple Protocol Mining
Network Private or Public Public or Private Public Public
Privacy Open to Private Open Open Open
Smart Contracts Multiple programming
languages
‘Solidity’ programming
language
None Possible, but not
obvious
41Page
42Page© 2016 IBM Corporation
Engagement model overview
1. Discuss Blockchain
technology
2. Explore customer
business model
3. Show Blockchain
Application demo
1. Understand Blockchain
concepts & elements
2. Hands on with
Blockchain on Bluemix
3. Standard demo
customization
1. Design Thinking
workshop to define
business challenge
2. Agile iterations
incrementally build
project functionality
3. Enterprise integration
1. Scale up pilot or Scale
out to new projects
2. Business Process
Re-engineering
3. Systems Integration
Remote or face to face Remote or face to face Face to face Face to face
Free of charge Free of charge For fee For fee
Let’s
Talk
Blockchain
Hands-on
First
Project
Scale
43Page© 2016 IBM Corporation
HSBC, Bank of America, IDA Trade Finance - Letter of Credit
ABN AMRO Financial Restructuring & Recovery
Crédit Mutuel Arkéa Consortium Shared Ledger
Japan Exchange Group (JPX) Post Trade
Kouvola Innovation Supply Chain Logistics
London Stock Exchange Market Innovation
Mizuho Digital Currency
IBM Global Finance Shadow Chain for Dispute Resolution
IBM and Hyperledger in Action
44Page© 2016 IBM Corporation
Summary
Blockchain …
– is a shared, replicated, permissioned
ledger technology
– can open up business networks by
taking out cost, improving efficiencies
and increase accessibility
– addresses an exciting and topical set
of business challenges, which cross
every industry
IBM …
– supports the Linux Foundation
Hyperledger open standard, open
source, open governance Blockchain
– has an easy to access, proven and
incremental engagement model giving
customers the confidence to get
started NOW

Recommended for you

Ibm blockchain - Hyperledger 15.02.18
Ibm blockchain - Hyperledger 15.02.18Ibm blockchain - Hyperledger 15.02.18
Ibm blockchain - Hyperledger 15.02.18

The document discusses IBM Blockchain based on Hyperledger Fabric. It provides an overview of blockchain networks and how they maintain a common record of transactions through a peer-to-peer consensus protocol. It then discusses how blockchains can remove business frictions and opportunities for transformation. It introduces Hyperledger as an open source project and highlights Hyperledger Fabric as a permissioned distributed ledger that prioritizes identity, selective endorsement, and assets. Finally, it discusses Hyperledger Composer as a tool that accelerates the development of blockchain applications through modeling, testing, and exposing business networks via APIs.

hyperledgeribm blockchaintelecom valley
Fabric Composer - London Hyperledger Meetup - March 2017
Fabric Composer - London Hyperledger Meetup - March 2017Fabric Composer - London Hyperledger Meetup - March 2017
Fabric Composer - London Hyperledger Meetup - March 2017

The slides I presented to introduce Fabric Composer for Hyperledger Fabric at the London Hyperledger Meetup on the 2nd March 2017.

blockchain hyperledger fabric framework
Blockchain (for geeks)
Blockchain (for geeks)Blockchain (for geeks)
Blockchain (for geeks)

The document discusses blockchain technology and IBM's offerings around blockchain. It provides an overview of blockchain concepts like bitcoin and distributed ledgers. It then discusses IBM's vision for blockchain which focuses on permissioned ledgers for regulated industries. The document also highlights two blockchain projects - one by a French bank to create a know-your-customer platform and one by a coding school for an IoT hackathon project. It concludes by discussing IBM's Bluemix platform for building blockchain applications and available blockchain samples.

ibmblockchain
© 2016 IBM Corporation
Thank you!
David_smits@be.ibm.com
@DavidGSmits
46Page© 2016 IBM Corporation
Further Information – Use case Links
HSBC, Bank of America, IDA:
http://www.coindesk.com/hsbc-bank-america-blockchain-supply-chain/
ABN AMRO:
https://www.abnamro.com/en/newsroom/blogs/arjan-van-os/2016/walking-the-walk-exploring-the-power-of-
blockchain.html
Crédit Mutuel Arkéa:
http://www.coindesk.com/ibm-completes-blockchain-trial-french-bank-credit-mutuel/
JPX:
http://www.ibm.com/press/us/en/pressrelease/49088.wss
Kouvola Innovation:
http://www.ibm.com/press/us/en/pressrelease/49029.wss
London Stock Exchange:
http://www.ibtimes.co.uk/linux-foundation-blockchain-consortium-digital-asset-ibm-credits-london-stock-
exchange-board-1533798
Mizuho:
http://www.coindesk.com/mizuho-digital-currency-powered-blockchain-settlement/
IBM Global Finance:
http://www.coindesk.com/ibm-building-blockchain-dispute-resolution-system/
© 2016 IBM Corporation 47
Bitcoin
• In a nutshell: The original Blockchain application, spawning an industry
• Use case: Cryptocurrency transfer between anonymous participants
• Network: Single public network
• Accounts: BTC currency, rewards for mining, transaction fees
• User Data: Small transaction data area
• Consensus Network: Transactions validated using ‘Proof of Work’ cryptographic mining
• Privacy: Transaction ledger completely open
• Smart Contracts: In original design and code, but not obvious
• Open: Open source. Changes governed by Bitcoin developers.
• Recent Innovations: None – relatively established
• Backing: Bitcoin applications are backed many VCs. Network not backed.
• More information: https://bitcoin.org
© 2016 IBM Corporation 48
Ethereum
• In a nutshell: Popularized smart contracts
• Use case: Smart contracts encapsulate business rules. Ether currency as ‘fuel’
• Network: Single public network. Private network providers available, e.g. Eris
• Accounts: Ether currency, rewards for mining, transaction fees
• User Data: Accounts can hold binary user data
• Consensus Network: POW transaction validation
• Privacy: Fully open ledger
• Smart Contracts: Fully externalized via ‘Solidity’ programming language
• Open: Open source. Changes governed by Ethereum developers
• Recent Innovations: Discussing ‘Proof of Stake’ option – May 2016
• Backing: Ethereum applications are backed by VCs. Network by donations
• More information: https://www.ethereum.org

Recommended for you

IBM Blockchain 101
IBM Blockchain 101IBM Blockchain 101
IBM Blockchain 101

An introduction to Blockchain for Business, as well as a deep dive into the IBM Blockchain Platform, its underpinning technologies, as well as various tools and frameworks that can guide developers towards building applications on top of a running business network.

blockchainibmhyperledger fabric
IBM Bluemix Nice Meetup - 20171120 - Smart Contracts
IBM Bluemix Nice Meetup - 20171120 - Smart ContractsIBM Bluemix Nice Meetup - 20171120 - Smart Contracts
IBM Bluemix Nice Meetup - 20171120 - Smart Contracts

This document discusses using IBM Operational Decision Manager (ODM) to manage the business logic and rules that govern smart contracts on blockchain networks. It proposes externalizing smart contract business logic in ODM rule engines to make it more accessible to business stakeholders. It provides an example use case of managing a vehicle lifecycle on blockchain using ODM rules to detect suspicious ownership transfers. The document outlines steps to integrate an ODM rule execution server with Hyperledger Fabric, deploy rules through blockchain transactions, and update rules over time as business requirements change.

blockchainsmart contracthyperledger
Blockchain. Massimo Chiriatti, IBM
Blockchain. Massimo Chiriatti, IBMBlockchain. Massimo Chiriatti, IBM
Blockchain. Massimo Chiriatti, IBM

Blockchain & Crytocurrency. May 19th 2018. Data Driven Innovation 2018. Engineering Department, University of Roma Tre

blockchaincryptocurrencydata driven innovation 2018
© 2016 IBM Corporation 49
Ripple
• In a nutshell: International Payments Platform for banks and businesses
• Use case: Cryptocurrency (XRP) transfer between anonymous participants
• Network: Single public network
• Accounts: Hold XRP currency balance
• User Data: No user data
• Consensus Network: Transactions validated using novel, ‘white-list’ network protocol
• Privacy: Fully open ledger
• Smart Contracts: None.
• Open: Open source. Changes governed by Ripple Labs
• Recent Innovations: Focus on international banking settlements
• Backing: Andreesen Horowitz, Google Ventures
• More information: https://ripple.com
© 2016 IBM Corporation 50
Hyperledger
• In a nutshell: Distributed ledger backed by the Linux Foundation
• Use case: General purpose distributed ledger satisfying broad requirements
• Network: Private networks focus. Available as managed service. Public later
• Accounts: Not currency based. (UTXO API available using smart contracts)
• User Data: Flexible key-value database
• Consensus Network: Transactions validated using PBFT as default. Pluggable design
• Privacy: From fully open to private ledgers
• Smart Contracts: Broad choice of programming languages. Extensible via Docker containers
• Open: Open source. Changes via standard Linux Foundation processes
• Recent Innovations: Merging contributions from IBM, DAH, Intel prior to expect GA July 2016
• Backing: 30 Founders: IT companies, Banks & Financial organizations
• More information: https://www.hyperledger.org

More Related Content

What's hot

Getting Started with Cloud Foundry on Bluemix
Getting Started with Cloud Foundry on BluemixGetting Started with Cloud Foundry on Bluemix
Getting Started with Cloud Foundry on Bluemix
Dev_Events
 
Blockchain Explored: A technical deep-dive
Blockchain Explored: A technical deep-diveBlockchain Explored: A technical deep-dive
Blockchain Explored: A technical deep-dive
Binh Nguyen
 
Blockchain Explained for Devlopers
Blockchain Explained for DevlopersBlockchain Explained for Devlopers
Blockchain Explained for Devlopers
Paula Peña (She, Her, Hers)
 
Making Blockchain Real for Business - Kathryn Harrison (IBM, Middle East and ...
Making Blockchain Real for Business - Kathryn Harrison (IBM, Middle East and ...Making Blockchain Real for Business - Kathryn Harrison (IBM, Middle East and ...
Making Blockchain Real for Business - Kathryn Harrison (IBM, Middle East and ...
ideaport
 
Blockchain for Business on Hyperledger
Blockchain for Business on HyperledgerBlockchain for Business on Hyperledger
Blockchain for Business on Hyperledger
All Things Open
 
Kathleen Breitman at the Hyperledger Meetup
Kathleen Breitman at the Hyperledger Meetup Kathleen Breitman at the Hyperledger Meetup
Kathleen Breitman at the Hyperledger Meetup
Altoros
 
1. ibm blockchain explained
1. ibm blockchain explained1. ibm blockchain explained
1. ibm blockchain explained
Diego Alberto Tamayo
 
Introduction to Blockchain
Introduction to BlockchainIntroduction to Blockchain
Introduction to Blockchain
Alexander Al Basosi
 
IBM - Blockchain Explained - Introduction for Business
IBM - Blockchain Explained - Introduction for BusinessIBM - Blockchain Explained - Introduction for Business
IBM - Blockchain Explained - Introduction for Business
IBM Sverige
 
Blockchain architected
Blockchain architectedBlockchain architected
Blockchain architected
IBM Sverige
 
Blockchain session @ 2nd Bluemix Meetup
Blockchain session @  2nd Bluemix MeetupBlockchain session @  2nd Bluemix Meetup
Blockchain session @ 2nd Bluemix Meetup
Alberto Miyazaki
 
Introduction to Blockchain and the Hyperledger Project
Introduction to Blockchain and the Hyperledger ProjectIntroduction to Blockchain and the Hyperledger Project
Introduction to Blockchain and the Hyperledger Project
Manuel Garcia
 
Making Blockchain Real for Business Explained - ibm
Making Blockchain Real for Business Explained - ibmMaking Blockchain Real for Business Explained - ibm
Making Blockchain Real for Business Explained - ibm
Diego Alberto Tamayo
 
Trading Derivatives on Hyperledger
Trading Derivatives on HyperledgerTrading Derivatives on Hyperledger
Trading Derivatives on Hyperledger
LF Events
 
Gluecon 2016 Keynote: Deploying and Managing Blockchain Applications
Gluecon 2016 Keynote: Deploying and Managing Blockchain ApplicationsGluecon 2016 Keynote: Deploying and Managing Blockchain Applications
Gluecon 2016 Keynote: Deploying and Managing Blockchain Applications
Duncan Johnston-Watt
 
Making blockchain real for business
Making blockchain real for businessMaking blockchain real for business
Making blockchain real for business
Medma Infomatix (P) Ltd.
 
Defrag X Keynote: Deploying and managing Global Blockchain Network
Defrag X Keynote: Deploying and managing Global Blockchain NetworkDefrag X Keynote: Deploying and managing Global Blockchain Network
Defrag X Keynote: Deploying and managing Global Blockchain Network
Duncan Johnston-Watt
 
Blockchain for the Enterprise
Blockchain for the EnterpriseBlockchain for the Enterprise
Blockchain for the Enterprise
Twan van den Broek
 
Blockchain explored
Blockchain explored Blockchain explored
Blockchain explored
IBM Sverige
 
IBM Cloud Côte D'Azur Meetup - 20181004 - Blockchain Hyperledger Workshop
IBM Cloud Côte D'Azur Meetup - 20181004 - Blockchain Hyperledger WorkshopIBM Cloud Côte D'Azur Meetup - 20181004 - Blockchain Hyperledger Workshop
IBM Cloud Côte D'Azur Meetup - 20181004 - Blockchain Hyperledger Workshop
IBM France Lab
 

What's hot (20)

Getting Started with Cloud Foundry on Bluemix
Getting Started with Cloud Foundry on BluemixGetting Started with Cloud Foundry on Bluemix
Getting Started with Cloud Foundry on Bluemix
 
Blockchain Explored: A technical deep-dive
Blockchain Explored: A technical deep-diveBlockchain Explored: A technical deep-dive
Blockchain Explored: A technical deep-dive
 
Blockchain Explained for Devlopers
Blockchain Explained for DevlopersBlockchain Explained for Devlopers
Blockchain Explained for Devlopers
 
Making Blockchain Real for Business - Kathryn Harrison (IBM, Middle East and ...
Making Blockchain Real for Business - Kathryn Harrison (IBM, Middle East and ...Making Blockchain Real for Business - Kathryn Harrison (IBM, Middle East and ...
Making Blockchain Real for Business - Kathryn Harrison (IBM, Middle East and ...
 
Blockchain for Business on Hyperledger
Blockchain for Business on HyperledgerBlockchain for Business on Hyperledger
Blockchain for Business on Hyperledger
 
Kathleen Breitman at the Hyperledger Meetup
Kathleen Breitman at the Hyperledger Meetup Kathleen Breitman at the Hyperledger Meetup
Kathleen Breitman at the Hyperledger Meetup
 
1. ibm blockchain explained
1. ibm blockchain explained1. ibm blockchain explained
1. ibm blockchain explained
 
Introduction to Blockchain
Introduction to BlockchainIntroduction to Blockchain
Introduction to Blockchain
 
IBM - Blockchain Explained - Introduction for Business
IBM - Blockchain Explained - Introduction for BusinessIBM - Blockchain Explained - Introduction for Business
IBM - Blockchain Explained - Introduction for Business
 
Blockchain architected
Blockchain architectedBlockchain architected
Blockchain architected
 
Blockchain session @ 2nd Bluemix Meetup
Blockchain session @  2nd Bluemix MeetupBlockchain session @  2nd Bluemix Meetup
Blockchain session @ 2nd Bluemix Meetup
 
Introduction to Blockchain and the Hyperledger Project
Introduction to Blockchain and the Hyperledger ProjectIntroduction to Blockchain and the Hyperledger Project
Introduction to Blockchain and the Hyperledger Project
 
Making Blockchain Real for Business Explained - ibm
Making Blockchain Real for Business Explained - ibmMaking Blockchain Real for Business Explained - ibm
Making Blockchain Real for Business Explained - ibm
 
Trading Derivatives on Hyperledger
Trading Derivatives on HyperledgerTrading Derivatives on Hyperledger
Trading Derivatives on Hyperledger
 
Gluecon 2016 Keynote: Deploying and Managing Blockchain Applications
Gluecon 2016 Keynote: Deploying and Managing Blockchain ApplicationsGluecon 2016 Keynote: Deploying and Managing Blockchain Applications
Gluecon 2016 Keynote: Deploying and Managing Blockchain Applications
 
Making blockchain real for business
Making blockchain real for businessMaking blockchain real for business
Making blockchain real for business
 
Defrag X Keynote: Deploying and managing Global Blockchain Network
Defrag X Keynote: Deploying and managing Global Blockchain NetworkDefrag X Keynote: Deploying and managing Global Blockchain Network
Defrag X Keynote: Deploying and managing Global Blockchain Network
 
Blockchain for the Enterprise
Blockchain for the EnterpriseBlockchain for the Enterprise
Blockchain for the Enterprise
 
Blockchain explored
Blockchain explored Blockchain explored
Blockchain explored
 
IBM Cloud Côte D'Azur Meetup - 20181004 - Blockchain Hyperledger Workshop
IBM Cloud Côte D'Azur Meetup - 20181004 - Blockchain Hyperledger WorkshopIBM Cloud Côte D'Azur Meetup - 20181004 - Blockchain Hyperledger Workshop
IBM Cloud Côte D'Azur Meetup - 20181004 - Blockchain Hyperledger Workshop
 

Similar to Brussels Hyperledger Meetup - IBM Blockchain Explained

Blockchain Applications in Auto Finance
Blockchain Applications in Auto FinanceBlockchain Applications in Auto Finance
Blockchain Applications in Auto Finance
White Clarke Group
 
Making Blockchain Real for Business at the "z Systems Agile Enterprise Develo...
Making Blockchain Real for Business at the "z Systems Agile Enterprise Develo...Making Blockchain Real for Business at the "z Systems Agile Enterprise Develo...
Making Blockchain Real for Business at the "z Systems Agile Enterprise Develo...
DevOps for Enterprise Systems
 
Blockchain-Explained-v2.09.pdf
Blockchain-Explained-v2.09.pdfBlockchain-Explained-v2.09.pdf
Blockchain-Explained-v2.09.pdf
ArvindKumar265041
 
Blockchain explained-v2.09
Blockchain explained-v2.09Blockchain explained-v2.09
Blockchain explained-v2.09
Milan Hazra
 
Making blockchain works for business
Making blockchain works for businessMaking blockchain works for business
Making blockchain works for business
Patrick Yong
 
Blockchain technology amplify your enterprise / IBM
Blockchain technology amplify your enterprise / IBMBlockchain technology amplify your enterprise / IBM
Blockchain technology amplify your enterprise / IBM
Diego Alberto Tamayo
 
Blockchain 101 for Government Officials
Blockchain 101 for Government OfficialsBlockchain 101 for Government Officials
Blockchain 101 for Government Officials
Marquis Cabrera
 
Building blockchain applications using Java
Building blockchain applications using JavaBuilding blockchain applications using Java
Building blockchain applications using Java
Simon Stone
 
TDC2018FLN | Trilha Blockchain - BlockChain Casos de Usos alem das CryptoMoedas
TDC2018FLN | Trilha Blockchain - BlockChain Casos de Usos alem das CryptoMoedasTDC2018FLN | Trilha Blockchain - BlockChain Casos de Usos alem das CryptoMoedas
TDC2018FLN | Trilha Blockchain - BlockChain Casos de Usos alem das CryptoMoedas
tdc-globalcode
 
TDC2018SP | Trilha Blockchain - BlockChain Casos de Usos alem das CryptoMoedas
TDC2018SP | Trilha Blockchain - BlockChain Casos de Usos alem das CryptoMoedasTDC2018SP | Trilha Blockchain - BlockChain Casos de Usos alem das CryptoMoedas
TDC2018SP | Trilha Blockchain - BlockChain Casos de Usos alem das CryptoMoedas
tdc-globalcode
 
Blockchain explained cata
Blockchain explained   cataBlockchain explained   cata
Blockchain explained cata
Mogul Marketing
 
Making Blockchain Real for Business
Making Blockchain Real for BusinessMaking Blockchain Real for Business
Making Blockchain Real for Business
Bente Larsen
 
IBM Cloud Côte d'Azur Meetup - Blockchain Business Processes & Rule-based Sm...
IBM Cloud Côte d'Azur Meetup - Blockchain Business Processes &  Rule-based Sm...IBM Cloud Côte d'Azur Meetup - Blockchain Business Processes &  Rule-based Sm...
IBM Cloud Côte d'Azur Meetup - Blockchain Business Processes & Rule-based Sm...
IBM France Lab
 
Ibm blockchain - Hyperledger 15.02.18
Ibm blockchain - Hyperledger 15.02.18Ibm blockchain - Hyperledger 15.02.18
Ibm blockchain - Hyperledger 15.02.18
TelecomValley
 
Fabric Composer - London Hyperledger Meetup - March 2017
Fabric Composer - London Hyperledger Meetup - March 2017Fabric Composer - London Hyperledger Meetup - March 2017
Fabric Composer - London Hyperledger Meetup - March 2017
Simon Stone
 
Blockchain (for geeks)
Blockchain (for geeks)Blockchain (for geeks)
Blockchain (for geeks)
Benjamin ADELINE
 
IBM Blockchain 101
IBM Blockchain 101IBM Blockchain 101
IBM Blockchain 101
Alexander Al Basosi
 
IBM Bluemix Nice Meetup - 20171120 - Smart Contracts
IBM Bluemix Nice Meetup - 20171120 - Smart ContractsIBM Bluemix Nice Meetup - 20171120 - Smart Contracts
IBM Bluemix Nice Meetup - 20171120 - Smart Contracts
IBM France Lab
 
Blockchain. Massimo Chiriatti, IBM
Blockchain. Massimo Chiriatti, IBMBlockchain. Massimo Chiriatti, IBM
Blockchain. Massimo Chiriatti, IBM
Data Driven Innovation
 
Trade finance and blockchain
Trade finance and blockchainTrade finance and blockchain
Trade finance and blockchain
B9lab
 

Similar to Brussels Hyperledger Meetup - IBM Blockchain Explained (20)

Blockchain Applications in Auto Finance
Blockchain Applications in Auto FinanceBlockchain Applications in Auto Finance
Blockchain Applications in Auto Finance
 
Making Blockchain Real for Business at the "z Systems Agile Enterprise Develo...
Making Blockchain Real for Business at the "z Systems Agile Enterprise Develo...Making Blockchain Real for Business at the "z Systems Agile Enterprise Develo...
Making Blockchain Real for Business at the "z Systems Agile Enterprise Develo...
 
Blockchain-Explained-v2.09.pdf
Blockchain-Explained-v2.09.pdfBlockchain-Explained-v2.09.pdf
Blockchain-Explained-v2.09.pdf
 
Blockchain explained-v2.09
Blockchain explained-v2.09Blockchain explained-v2.09
Blockchain explained-v2.09
 
Making blockchain works for business
Making blockchain works for businessMaking blockchain works for business
Making blockchain works for business
 
Blockchain technology amplify your enterprise / IBM
Blockchain technology amplify your enterprise / IBMBlockchain technology amplify your enterprise / IBM
Blockchain technology amplify your enterprise / IBM
 
Blockchain 101 for Government Officials
Blockchain 101 for Government OfficialsBlockchain 101 for Government Officials
Blockchain 101 for Government Officials
 
Building blockchain applications using Java
Building blockchain applications using JavaBuilding blockchain applications using Java
Building blockchain applications using Java
 
TDC2018FLN | Trilha Blockchain - BlockChain Casos de Usos alem das CryptoMoedas
TDC2018FLN | Trilha Blockchain - BlockChain Casos de Usos alem das CryptoMoedasTDC2018FLN | Trilha Blockchain - BlockChain Casos de Usos alem das CryptoMoedas
TDC2018FLN | Trilha Blockchain - BlockChain Casos de Usos alem das CryptoMoedas
 
TDC2018SP | Trilha Blockchain - BlockChain Casos de Usos alem das CryptoMoedas
TDC2018SP | Trilha Blockchain - BlockChain Casos de Usos alem das CryptoMoedasTDC2018SP | Trilha Blockchain - BlockChain Casos de Usos alem das CryptoMoedas
TDC2018SP | Trilha Blockchain - BlockChain Casos de Usos alem das CryptoMoedas
 
Blockchain explained cata
Blockchain explained   cataBlockchain explained   cata
Blockchain explained cata
 
Making Blockchain Real for Business
Making Blockchain Real for BusinessMaking Blockchain Real for Business
Making Blockchain Real for Business
 
IBM Cloud Côte d'Azur Meetup - Blockchain Business Processes & Rule-based Sm...
IBM Cloud Côte d'Azur Meetup - Blockchain Business Processes &  Rule-based Sm...IBM Cloud Côte d'Azur Meetup - Blockchain Business Processes &  Rule-based Sm...
IBM Cloud Côte d'Azur Meetup - Blockchain Business Processes & Rule-based Sm...
 
Ibm blockchain - Hyperledger 15.02.18
Ibm blockchain - Hyperledger 15.02.18Ibm blockchain - Hyperledger 15.02.18
Ibm blockchain - Hyperledger 15.02.18
 
Fabric Composer - London Hyperledger Meetup - March 2017
Fabric Composer - London Hyperledger Meetup - March 2017Fabric Composer - London Hyperledger Meetup - March 2017
Fabric Composer - London Hyperledger Meetup - March 2017
 
Blockchain (for geeks)
Blockchain (for geeks)Blockchain (for geeks)
Blockchain (for geeks)
 
IBM Blockchain 101
IBM Blockchain 101IBM Blockchain 101
IBM Blockchain 101
 
IBM Bluemix Nice Meetup - 20171120 - Smart Contracts
IBM Bluemix Nice Meetup - 20171120 - Smart ContractsIBM Bluemix Nice Meetup - 20171120 - Smart Contracts
IBM Bluemix Nice Meetup - 20171120 - Smart Contracts
 
Blockchain. Massimo Chiriatti, IBM
Blockchain. Massimo Chiriatti, IBMBlockchain. Massimo Chiriatti, IBM
Blockchain. Massimo Chiriatti, IBM
 
Trade finance and blockchain
Trade finance and blockchainTrade finance and blockchain
Trade finance and blockchain
 

Recently uploaded

PETAVIT SIP-05.pdfAAAAAAAAAAAAAAAAAAAAAAAAA
PETAVIT SIP-05.pdfAAAAAAAAAAAAAAAAAAAAAAAAAPETAVIT SIP-05.pdfAAAAAAAAAAAAAAAAAAAAAAAAA
PETAVIT SIP-05.pdfAAAAAAAAAAAAAAAAAAAAAAAAA
lawrenceads01
 
Kalyan Panel Chart | 9037164122 | kalyanchart.net
Kalyan Panel Chart | 9037164122 | kalyanchart.netKalyan Panel Chart | 9037164122 | kalyanchart.net
Kalyan Panel Chart | 9037164122 | kalyanchart.net
kalyan chart
 
Destor.One - Business Presentation Dec22.pdf
Destor.One - Business Presentation Dec22.pdfDestor.One - Business Presentation Dec22.pdf
Destor.One - Business Presentation Dec22.pdf
Thales Jacobi
 
Commercial Roofing Contractors Chennai.pptx
Commercial Roofing Contractors Chennai.pptxCommercial Roofing Contractors Chennai.pptx
Commercial Roofing Contractors Chennai.pptx
Roofing Contractor
 
THE IMPORTANCE OF CODING IN DEVOPS EXPLANATION
THE IMPORTANCE OF CODING IN DEVOPS EXPLANATIONTHE IMPORTANCE OF CODING IN DEVOPS EXPLANATION
THE IMPORTANCE OF CODING IN DEVOPS EXPLANATION
hrajkumar444
 
Cryptocurrency KYC Policies: Comparing Binance KYC Bypass with Rivals
Cryptocurrency KYC Policies: Comparing Binance KYC Bypass with RivalsCryptocurrency KYC Policies: Comparing Binance KYC Bypass with Rivals
Cryptocurrency KYC Policies: Comparing Binance KYC Bypass with Rivals
Any kyc Account
 
TALENT ACQUISITION AND MANAGEMENT LECTURE 2
TALENT ACQUISITION AND MANAGEMENT LECTURE 2TALENT ACQUISITION AND MANAGEMENT LECTURE 2
TALENT ACQUISITION AND MANAGEMENT LECTURE 2
projectseasy
 
How AI is Disrupting Service Industry More Than Design Thinking
How AI is Disrupting Service Industry More Than Design ThinkingHow AI is Disrupting Service Industry More Than Design Thinking
How AI is Disrupting Service Industry More Than Design Thinking
Body of Knowledge
 
Globalization strategy for Meesho with respect to Shopee
Globalization strategy for Meesho with respect to ShopeeGlobalization strategy for Meesho with respect to Shopee
Globalization strategy for Meesho with respect to Shopee
AsmitaSinghaRoy1
 
PROVIDING THE WORLD WITH EFFECTIVE & EFFICIENT LIGHTING SOLUTIONS SINCE 1976
PROVIDING THE WORLD WITH EFFECTIVE & EFFICIENT LIGHTING SOLUTIONS SINCE 1976PROVIDING THE WORLD WITH EFFECTIVE & EFFICIENT LIGHTING SOLUTIONS SINCE 1976
PROVIDING THE WORLD WITH EFFECTIVE & EFFICIENT LIGHTING SOLUTIONS SINCE 1976
PYROTECH GROUP
 
Entrepreneurial mindset: An Introduction to Entrepreneurship
Entrepreneurial mindset: An Introduction to EntrepreneurshipEntrepreneurial mindset: An Introduction to Entrepreneurship
Entrepreneurial mindset: An Introduction to Entrepreneurship
Sanjay Joshi
 
ConvertKit: Best Email Marketing Tool for 2024
ConvertKit: Best Email Marketing Tool for 2024ConvertKit: Best Email Marketing Tool for 2024
ConvertKit: Best Email Marketing Tool for 2024
Rakesh Jalan
 
Cheslyn Jacobs- TymeBank: Building Consumer Trust in Digital Banking
Cheslyn Jacobs- TymeBank: Building Consumer Trust in Digital  BankingCheslyn Jacobs- TymeBank: Building Consumer Trust in Digital  Banking
Cheslyn Jacobs- TymeBank: Building Consumer Trust in Digital Banking
itnewsafrica
 
DEKISH ELEVATOR INDIA PVT LTD Brochure.pdf
DEKISH ELEVATOR INDIA PVT LTD Brochure.pdfDEKISH ELEVATOR INDIA PVT LTD Brochure.pdf
DEKISH ELEVATOR INDIA PVT LTD Brochure.pdf
unosafeads
 
Guide to Obtaining a Money Changer License in Singapore
Guide to Obtaining a Money Changer License in SingaporeGuide to Obtaining a Money Changer License in Singapore
Guide to Obtaining a Money Changer License in Singapore
Enterslice
 
The AI-Powered Side Hustle Transforming Lives: A Dad's Journey to Financial S...
The AI-Powered Side Hustle Transforming Lives: A Dad's Journey to Financial S...The AI-Powered Side Hustle Transforming Lives: A Dad's Journey to Financial S...
The AI-Powered Side Hustle Transforming Lives: A Dad's Journey to Financial S...
SOFTTECHHUB
 
PAWFESSIONAL ELVA MAX.pdfAAAAAAAAAAAAAAAAAAA
PAWFESSIONAL ELVA MAX.pdfAAAAAAAAAAAAAAAAAAAPAWFESSIONAL ELVA MAX.pdfAAAAAAAAAAAAAAAAAAA
PAWFESSIONAL ELVA MAX.pdfAAAAAAAAAAAAAAAAAAA
lawrenceads01
 
全国2024欧洲杯盘口正规平台-全球网络2024欧洲杯盘口平台 |【​网址​🎉ac10.net🎉​】
全国2024欧洲杯盘口正规平台-全球网络2024欧洲杯盘口平台 |【​网址​🎉ac10.net🎉​】全国2024欧洲杯盘口正规平台-全球网络2024欧洲杯盘口平台 |【​网址​🎉ac10.net🎉​】
全国2024欧洲杯盘口正规平台-全球网络2024欧洲杯盘口平台 |【​网址​🎉ac10.net🎉​】
andagarcia212
 
حبوب سايتوتك للبيع في الامارات اشراف دكتورة 00966583759617
حبوب سايتوتك للبيع في الامارات اشراف دكتورة 00966583759617حبوب سايتوتك للبيع في الامارات اشراف دكتورة 00966583759617
حبوب سايتوتك للبيع في الامارات اشراف دكتورة 00966583759617
حبوب الاجهاض سايتوتك للبيع في الامارات cytotec واتس 00966583759617
 
Factory Roofing Contractors Chennai.pptx
Factory Roofing Contractors Chennai.pptxFactory Roofing Contractors Chennai.pptx
Factory Roofing Contractors Chennai.pptx
Roofing Contractor
 

Recently uploaded (20)

PETAVIT SIP-05.pdfAAAAAAAAAAAAAAAAAAAAAAAAA
PETAVIT SIP-05.pdfAAAAAAAAAAAAAAAAAAAAAAAAAPETAVIT SIP-05.pdfAAAAAAAAAAAAAAAAAAAAAAAAA
PETAVIT SIP-05.pdfAAAAAAAAAAAAAAAAAAAAAAAAA
 
Kalyan Panel Chart | 9037164122 | kalyanchart.net
Kalyan Panel Chart | 9037164122 | kalyanchart.netKalyan Panel Chart | 9037164122 | kalyanchart.net
Kalyan Panel Chart | 9037164122 | kalyanchart.net
 
Destor.One - Business Presentation Dec22.pdf
Destor.One - Business Presentation Dec22.pdfDestor.One - Business Presentation Dec22.pdf
Destor.One - Business Presentation Dec22.pdf
 
Commercial Roofing Contractors Chennai.pptx
Commercial Roofing Contractors Chennai.pptxCommercial Roofing Contractors Chennai.pptx
Commercial Roofing Contractors Chennai.pptx
 
THE IMPORTANCE OF CODING IN DEVOPS EXPLANATION
THE IMPORTANCE OF CODING IN DEVOPS EXPLANATIONTHE IMPORTANCE OF CODING IN DEVOPS EXPLANATION
THE IMPORTANCE OF CODING IN DEVOPS EXPLANATION
 
Cryptocurrency KYC Policies: Comparing Binance KYC Bypass with Rivals
Cryptocurrency KYC Policies: Comparing Binance KYC Bypass with RivalsCryptocurrency KYC Policies: Comparing Binance KYC Bypass with Rivals
Cryptocurrency KYC Policies: Comparing Binance KYC Bypass with Rivals
 
TALENT ACQUISITION AND MANAGEMENT LECTURE 2
TALENT ACQUISITION AND MANAGEMENT LECTURE 2TALENT ACQUISITION AND MANAGEMENT LECTURE 2
TALENT ACQUISITION AND MANAGEMENT LECTURE 2
 
How AI is Disrupting Service Industry More Than Design Thinking
How AI is Disrupting Service Industry More Than Design ThinkingHow AI is Disrupting Service Industry More Than Design Thinking
How AI is Disrupting Service Industry More Than Design Thinking
 
Globalization strategy for Meesho with respect to Shopee
Globalization strategy for Meesho with respect to ShopeeGlobalization strategy for Meesho with respect to Shopee
Globalization strategy for Meesho with respect to Shopee
 
PROVIDING THE WORLD WITH EFFECTIVE & EFFICIENT LIGHTING SOLUTIONS SINCE 1976
PROVIDING THE WORLD WITH EFFECTIVE & EFFICIENT LIGHTING SOLUTIONS SINCE 1976PROVIDING THE WORLD WITH EFFECTIVE & EFFICIENT LIGHTING SOLUTIONS SINCE 1976
PROVIDING THE WORLD WITH EFFECTIVE & EFFICIENT LIGHTING SOLUTIONS SINCE 1976
 
Entrepreneurial mindset: An Introduction to Entrepreneurship
Entrepreneurial mindset: An Introduction to EntrepreneurshipEntrepreneurial mindset: An Introduction to Entrepreneurship
Entrepreneurial mindset: An Introduction to Entrepreneurship
 
ConvertKit: Best Email Marketing Tool for 2024
ConvertKit: Best Email Marketing Tool for 2024ConvertKit: Best Email Marketing Tool for 2024
ConvertKit: Best Email Marketing Tool for 2024
 
Cheslyn Jacobs- TymeBank: Building Consumer Trust in Digital Banking
Cheslyn Jacobs- TymeBank: Building Consumer Trust in Digital  BankingCheslyn Jacobs- TymeBank: Building Consumer Trust in Digital  Banking
Cheslyn Jacobs- TymeBank: Building Consumer Trust in Digital Banking
 
DEKISH ELEVATOR INDIA PVT LTD Brochure.pdf
DEKISH ELEVATOR INDIA PVT LTD Brochure.pdfDEKISH ELEVATOR INDIA PVT LTD Brochure.pdf
DEKISH ELEVATOR INDIA PVT LTD Brochure.pdf
 
Guide to Obtaining a Money Changer License in Singapore
Guide to Obtaining a Money Changer License in SingaporeGuide to Obtaining a Money Changer License in Singapore
Guide to Obtaining a Money Changer License in Singapore
 
The AI-Powered Side Hustle Transforming Lives: A Dad's Journey to Financial S...
The AI-Powered Side Hustle Transforming Lives: A Dad's Journey to Financial S...The AI-Powered Side Hustle Transforming Lives: A Dad's Journey to Financial S...
The AI-Powered Side Hustle Transforming Lives: A Dad's Journey to Financial S...
 
PAWFESSIONAL ELVA MAX.pdfAAAAAAAAAAAAAAAAAAA
PAWFESSIONAL ELVA MAX.pdfAAAAAAAAAAAAAAAAAAAPAWFESSIONAL ELVA MAX.pdfAAAAAAAAAAAAAAAAAAA
PAWFESSIONAL ELVA MAX.pdfAAAAAAAAAAAAAAAAAAA
 
全国2024欧洲杯盘口正规平台-全球网络2024欧洲杯盘口平台 |【​网址​🎉ac10.net🎉​】
全国2024欧洲杯盘口正规平台-全球网络2024欧洲杯盘口平台 |【​网址​🎉ac10.net🎉​】全国2024欧洲杯盘口正规平台-全球网络2024欧洲杯盘口平台 |【​网址​🎉ac10.net🎉​】
全国2024欧洲杯盘口正规平台-全球网络2024欧洲杯盘口平台 |【​网址​🎉ac10.net🎉​】
 
حبوب سايتوتك للبيع في الامارات اشراف دكتورة 00966583759617
حبوب سايتوتك للبيع في الامارات اشراف دكتورة 00966583759617حبوب سايتوتك للبيع في الامارات اشراف دكتورة 00966583759617
حبوب سايتوتك للبيع في الامارات اشراف دكتورة 00966583759617
 
Factory Roofing Contractors Chennai.pptx
Factory Roofing Contractors Chennai.pptxFactory Roofing Contractors Chennai.pptx
Factory Roofing Contractors Chennai.pptx
 

Brussels Hyperledger Meetup - IBM Blockchain Explained

  • 1. 1Page© 2016 IBM Corporation© 2016 IBM Corporation Making Blockchain Real for Business Explained David Smits IT Architect
  • 2. Contents is Blockchain? is it relevant for our business? can IBM help us apply Blockchain? 2Page© 2016 IBM Corporation
  • 3. 3Page© 2016 IBM Corporation Business networks, wealth & markets – Business Networks benefit from connectivity • Participants are customers, suppliers, banks, partners • Cross geography & regulatory boundary – Wealth is generated by the flow of goods & services across business network in transactions and contracts – Markets are central to this process: • Public (fruit market, car auction), or • Private (supply chain financing, bonds)
  • 4. 4Page© 2016 IBM Corporation Transferring assets, building value Two fundamental types of asset Intangible assets subdivide Cash is also an asset – Tangible, e.g. a house – Intangible, e.g. a mortgage – Financial, e.g. bond – Intellectual, e.g. patents – Digital, e.g. music – Has property of anonymity Anything that is capable of being owned or controlled to produce value, is an asset
  • 5. 5Page© 2016 IBM Corporation Ledgers are key … Ledger is THE system of record for a business. Business will have multiple ledgers for multiple business networks in which they participate. – Transaction – an asset transfer onto or off the ledger • John gives a car to Anthony (simple) – Contract – conditions for transaction to occur • If Anthony pays John money, then car passes from John to Anthony (simple) • If car won't start, funds do not pass to John (as decided by third party arbitrator) (more complex)
  • 6. 6Page© 2016 IBM Corporation Introducing Blockchain A shared ledger technology allowing any participant in the business network to see THE system of record (ledger) 6Page© 2016 IBM Corporation
  • 7. 7Page© 2016 IBM Corporation Problem … … Inefficient, expensive, vulnerable Bank records Party A’s records Party C’s records Auditor records Party B’s records Party D’s records
  • 8. 8Page© 2016 IBM Corporation 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
  • 9. 9Page© 2016 IBM Corporation – Unregulated, censorship- resistant shadow currency – First Blockchain application • Pioneer of Blockchain technology Blockchain underpins Bitcoin … … Digital currencies different from cryptocurrency 9Page© 2016 IBM Corporation BUT is not bitcoin
  • 10. 10Page© 2016 IBM Corporation 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
  • 11. 11Page© 2016 IBM Corporation • Shared between participants • Participants have own copy through replication • Permissioned, so participants see only appropriate transactions • THE shared system of record Records all transactions across business network Shared ledger
  • 12. 12Page© 2016 IBM Corporation Smart contract • Verifiable, signed • Encoded in programming language • Example: – Defines contractual conditions under which corporate Bond transfer occurs Business rules implied by the contract … embedded in the Blockchain and executed with the transaction
  • 13. 13Page© 2016 IBM Corporation Privacy • Participants need: – Transactions to be private – Identity not linked to a transaction • Transactions need to be authenticated • Cryptography central to these processes Ledger is shared, but participants require privacy
  • 14. 14Page© 2016 IBM Corporation Consensus • Anonymous participants – Bitcoin cryptographic mining provides randomized selection among anonymous participants – Significant compute cost (proof of work) • Known & trusted participants – Commitment possible at low cost – Byzantine fault tolerance (BFT) … the process by which transactions are verified • Multiple alternatives – Proof of stake, where influence is determined by risk of validators – Multi-signatures, validation needs consent from 3 out of 5 validators • Industrial Blockchain needs “pluggable” consensus
  • 15. 15Page© 2016 IBM Corporation Car Lease Video
  • 16. 16 Regulator How do participants typically work today ? Ownership Transfer “In house” (ledger) Synchronisation: × Slow × Error prone × Multiple ledgers × Who owns what, when, could get confused ? 1. Manufacturer “In house” (ledger) 2. Dealer “In house” (ledger) 3. Leasing Company “In house” (ledger) “In house” (ledger) 4. Lessee 5. Scrap Merchant “In house” (ledger) 16Page© 2016 IBM Corporation
  • 17. 17 1. 製造業者 •車を製造します •販売特約店に所有権を移転します Participants Regulator •Creates “Vehicle Template” 1. Manufacturer • Manufactures cars • Transfers ownership to Dealers 2. Dealer • Sells cars • Transfers ownership to Leasing Companies 3. Leasing Company • Provides lease cars • Transfers ownership to Lessee 4. Lessee • Leases Cars • Transfer of ownership to Scrap Merchant 5. Scrap Merchant • Disposes of Cars 17Page© 2016 IBM Corporation
  • 18. 18 Business Process (1/2) Regulator 1. Creates “Vehicle Template(V5C)” 1. Manufacturer 3. Add Vehicle data to V5C 2. Dealer 2. Transfers ownership to Manufacturers 4. Transfers ownership to Dealers 18Page© 2016 IBM Corporation
  • 19. 19 Business Process (2/2) 2. Dealer 3. Leasing Company 4. Lessee 5. Scrap Merchant 5. Transfers ownership to Leasing Companies 6. Transfers ownership to Lessee 7. Transfer ownership to Scrap Merchant 8. Disposes car 19Page© 2016 IBM Corporation
  • 20. 20 How could participants work with blockchain ? node 1. Manufacturer 2. Dealer 3. Leasing Company 4. Lessee 5. Scrap Merchant Regulato r Shared Ledger Smart Contracts node nodenode node node Conditions for asset transfer Records of asset transfer 20Page© 2016 IBM Corporation
  • 22. 22 Smart Contract Smart Contract CryptographyCryptography Shared Ledger Shared Ledger ConsensusConsensus Ensuring secure, authenticated & verifiable transactions Business terms embedded in transaction database & executed with transactions All parties agree to network verified transaction Append-only distributed ledger shared across business network Blockchain Recap 22Page© 2016 IBM Corporation
  • 23. 23 V5C Data Owner: Regulator VIN: Maker: Model: Methods Create V5C Data Owner: Manufacturer VIN: Maker: Model: Methods Update Smart Contract (1/2) Regulato rCreate V5C template Transfer V5C template to Manufacturer. Smart Contract Smart Contract Crypto graphy Crypto graphy Shared Ledger Shared Ledger Conse nsus Conse nsus Update V5C with car information 1. ManufacturerRegulato r Blank Rule of Creation Only Regulator can create V5C template. Rule of Update Only Manufacturer can update V5C. V5C Data Owner: Manufacturer VIN: Maker: Model: Methods Transfer Blank 123 Alfa Romeo Mito 23Page© 2016 IBM Corporation
  • 24. 24 Smart Contract (2/2) V5C Data Owner: Dealer VIN: 123 Maker: Alfa Romeo Model: MiTO Methods Transfer Transfer V5C to Dealer. 2. Dealer ● ● ● Disposes car. 5. Scrap Merchant V5C Data Owner: Leasing company VIN: 123 Maker: Alfa Romeo Model: MiTO Methods Transfer V5C Data Owner: Scrap merchant VIN: 123 Maker: Alfa Romeo Model: MiTO Methods Dispose Rule of Dispose Only scrap merchant can dispose car. 1. Manufacturer Transfer V5C to Leasing Company. Smart Contract Smart Contract Crypto graphy Crypto graphy Shared Ledger Shared Ledger Conse nsus Conse nsus 24Page© 2016 IBM Corporation
  • 25. 25 Shared Ledger Shared Ledger Block 1020 Previous Hash Transactions Create V5C template Hash of TX Nonce Timestamp ● ● ● ● ● ● Block 1021 Previous Hash Transactions Transfer V5C Regulator to Manufacturer Hash of TX Nonce Timestamp Block 1022 Previous Hash Transactions Hash of TX Nonce Timestamp Block 1023 Previous Hash Transactions Hash of TX Nonce Timestamp Update V5C Transfer V5C Manufacturer to Dealer Block 1024 Previous Hash Transactions Transfer V5C Dealer to Leasing Company Hash of TX Nonce Timestamp Block 1025 Previous Hash Transactions Leasing Company to Lessee Transfer V5C Leasing Company to Lessee Hash of TX Nonce Timestamp Block 1026 Previous Hash Transactions Hash of TX Nonce Timestamp Block 1027 Previous Hash Transactions Hash of TX Nonce Timestamp Transfer V5C Lessee to Scrap Dispose V5C Smart Contract Smart Contract Crypto graphy Crypto graphy Shared Ledger Shared Ledger Conse nsus Conse nsus 25Page© 2016 IBM Corporation
  • 26. 26 Distributed to all nodes by Peer2Peer Smart ContractsShared Ledger Block Hash Node Node NodeNode Consensus Regulator 1. Manufacturer 2. Dealer 3. Lease Company 4. Lessee 5. Scrap Merchant Node Hash of TX nonce Timestamp Hash of TX nonce Hash of TX nonce Hash of TX nonce Hash of TX nonce Hash of TX nonce Create V5C (Send transaction) Create V5C (Send transaction) Proof of WorkProof of WorkDiscover nonce!Discover nonce! OK OK OKOK V5C Data Owner: Regulator VIN: Make: Model: Method Create Transaction Create V5C Create BlockCreate BlockConsensusConsensusCreate V5C (Execute transaction) Create V5C (Execute transaction) 635840321837635840321837 000000012345000000012345 OK Block Hash Transfer V5C (Send transaction) Transfer V5C (Send transaction) Transaction Transfer V5C Node Hash of TX nonce OK Proof of WorkProof of Work Hash of TX nonce Hash of TX nonce Hash of TX nonce Hash of TX nonce Hash of TX nonce Hash of TX nonce Hash of TX nonce Timestamp 759710275638759710275638 000000067890000000067890 Discover nonce!Discover nonce!Create BlockCreate BlockConsensusConsensus OK OK OKOK OK OK Transfer V5C (Execute transaction) Transfer V5C (Execute transaction) Block Hash Manufacturer Transfer Update V5C (Send transaction) Update V5C (Send transaction) Transaction Update V5C Proof of WorkProof of Work Hash of TX nonce Hash of TX nonce Hash of TX nonce Hash of TX nonce Hash of TX nonce Hash of TX nonce Discover nonce!Discover nonce!Create BlockCreate Block Hash of TX nonce Timestamp 387291845274387291845274 000000037648000000037648 OK OK OKOK OK OK ConsensusConsensus Update 123 Alfa Romeo MiTO Update V5C (Execute transaction) Update V5C (Execute transaction) Shared Ledger Smart Contract Smart Contract Smart Contract Crypto graphy Crypto graphy Shared Ledger Shared Ledger Conse nsus Conse nsus 26Page© 2016 IBM Corporation
  • 27. 27 Summary Shared trusted processes Trusted recordkeepingImprove discoverability • Reduces complexity of system interfaces and reconciliations between car lease participants. • Improves discoverability and transparency as ALL transaction related to a specific car is stored on a single shared ledger. • Regulation compliance are checked for each transactions. (e.g. VIN can not be changed after manufacture) • All transactions can not be modified without the consensus of other participants. (As opposed to a single participant assuring data integrity) Reduce costs and complexity 27Page© 2016 IBM Corporation
  • 28. 28Page© 2016 IBM Corporation Contents is Blockchain? is it relevant for our business? can IBM help us apply Blockchain? 28Page© 2016 IBM Corporation
  • 29. 29Page© 2016 IBM Corporation Blockchain benefits Saves time Removes cost Reduces risk Increases trust Transaction time from days to near instantaneous Overheads and cost intermediaries Tampering, fraud & cyber crime Through shared processes and recordkeeping
  • 30. 30Page© 2016 IBM Corporation Benefits 1. Consolidated, consistent dataset reduces errors 2. Near-real-time of reference data 3. Naturally supports code editing and routing code transfers between participants What • Competitors/collaborators in a business network need to share reference data, e.g. bank routing codes • Each member maintains their own codes, and forwards changes to a central authority for collection and distribution • An information subset can be owned by organizations How • Each participant maintains their own codes within a Blockchain network • Blockchain creates single view of entire dataset Consensus use case – Shared routing codes
  • 31. 31Page© 2016 IBM Corporation Benefits 1. Trust increased, no authority "owns” provenance 2. Improvement in system utilization 3. Recalls "specific" rather than cross fleet What • Provenance of each component part in complex system hard to track • Manufacturer, production date, batch and even the manufacturing machine program How • Blockchain holds complete provenance details of each component part • Accessible by each manufacturer in the production process, the aircraft owners, maintainers and government regulators Provenance use case – Vehicle maintenance
  • 32. 32Page© 2016 IBM Corporation Benefits 1. Lowers cost of audit and regulatory compliance 2. Provides “seek and find” access to auditors and regulators 3. Changes nature of compliance from passive to active What • Financial data in a large organization dispersed throughout many divisions and geographies • Audit and Compliance needs indelible record of all key transactions over reporting period How • Blockchain collects transaction records from diverse set of financial systems • Append-only and tamperproof qualities create high confidence financial audit trail • Privacy features to ensure authorized user access Immutability use case – Financial ledger
  • 33. 33Page© 2016 IBM Corporation Benefits 1. Increase speed of execution (less than 1 day) 2. Vastly reduced cost 3. Reduced risk, e.g. currency fluctuations 4. Value added services, e.g. incremental payment What • 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 How • Blockchain provides common ledger for letters of credit • Allows all counter-parties to have the same validated record of transaction and fulfillment Finality use case – Letter of credit Letter of credit Republic of A Buyer’s bank issues LC and sends to seller’s bank A Plus Bank Bank B Seller’s bank authenticates LC and credits Company B Sales contract Company B: Seller/beneficiary Company A: Buyer/ applicant B-land Buyer applies for LC
  • 34. 34Page© 2016 IBM Corporation – Securities • Post-trade settlement • Derivative contracts – Trade Finance • Bill of Lading • Cross-currency payment – Syndicated Loans – Supply Chain – Retail Banking • Cross border remittances • Mortgage verification & contracts – Public Records • Real estate records • Vehicle registrations • Citizen Identity – Digital Property Management Other potential use cases
  • 35. 35Page© 2016 IBM Corporation Patterns for customer adoption COMPLIANCE LEDGER CONSORTIUM SHARED LEDGER ASSET EXCHANGE HIGH VALUE MARKET • Created by a small set of participants • Share key reference data • Consolidated, consistent real-time view • Sharing of assets (voting, dividend notification) • Assets are information, not financial • Provenance & finality are key • Transfer of high value financial assets • Between many participants in a market • Regulatory timeframes • Real-time view of compliance, audit & risk data • Provenance, immutability & finality are key • Transparent access to auditor & regulator 35Page© 2016 IBM Corporation
  • 36. 36Page© 2016 IBM Corporation Key players for Blockchain adoption Regulator Industry Group (e.g. R3) Market Maker – An organization who enforces the rules of play –Regulators are keen to support Blockchain based innovations –Concern is systemic risk – new technology, distributed data, security –Often funded by members of a business network –Provide technical advice on industry trends –Encourages best practice by making recommendations to members –In financial markets, takes buy- side and sell-side to provide liquidity –More generally, the organization who innovates - Creates a new good or service, and business process (likely) - Creates a new business process for an existing good or service
  • 37. 37Page© 2016 IBM Corporation Contents is Blockchain? is it relevant for our business? can IBM help us apply Blockchain? 37Page© 2016 IBM Corporation
  • 38. 38Page© 2016 IBM Corporation Blockchain for Business – Our Point of View Community + Code Linux Hyperledger Project Open Source Code: Blockchain for business; Consensus | Provenance Immutability | Finality Open Governance – 100 member cross industry board Cloud IBM Blockchain Blockchain managed service on IBM Cloud and z Systems; Identity | Consensus | System Integration | Hardware-assist for Performance & Security IBM Blockchain on Bluemix Clients Blockchain Solutions Blockchain Garage Making Blockchain real for business Blockchain Garage; New York | London | Singapore | Tokyo Blockchain Services Practice
  • 39. 39Page© 2016 IBM Corporation Linux Foundation’s Hyperledger Project – Linux Foundation project announced December 17, 2015 with 17 founders, now nearly 100 members – The Hyperledger Project is a collaborative effort to advance Blockchain technology by identifying and addressing important features for a cross-industry open standard for distributed ledgers that can transform the way business transactions are conducted globally – Open source and open standards-based Enable adoption of shared ledger technology at a pace and depth not achievable by any one company or industry QUICK FACTS Chairman Blythe Masters/DAH Executive Director Brian Behlendorf Technical Chair Chris Ferris/IBM Contribution 44,000 lines of code in February 2016 Sprint to one codebase with unified thinking Staged releases www.Hyperledger.org
  • 40. 40Page© 2016 IBM Corporation 40Pag© 2016 IBM Corporation As of 07 September 2016
  • 41. © 2016 IBM Corporation 41 Comparison Matrix Hyperledger Ethereum Ripple Bitcoin Description General purpose Blockchain General purpose Blockchain Payments Blockchain Payments Blockchain Governance Linux Foundation Ethereum Developers Ripple Labs Bitcoin Developers Currency None Ether XRP BTC Mining Reward N/A Yes No Yes State Key-value database Account data None Transaction data Consensus Network Pluggable : PBFT Mining Ripple Protocol Mining Network Private or Public Public or Private Public Public Privacy Open to Private Open Open Open Smart Contracts Multiple programming languages ‘Solidity’ programming language None Possible, but not obvious 41Page
  • 42. 42Page© 2016 IBM Corporation Engagement model overview 1. Discuss Blockchain technology 2. Explore customer business model 3. Show Blockchain Application demo 1. Understand Blockchain concepts & elements 2. Hands on with Blockchain on Bluemix 3. Standard demo customization 1. Design Thinking workshop to define business challenge 2. Agile iterations incrementally build project functionality 3. Enterprise integration 1. Scale up pilot or Scale out to new projects 2. Business Process Re-engineering 3. Systems Integration Remote or face to face Remote or face to face Face to face Face to face Free of charge Free of charge For fee For fee Let’s Talk Blockchain Hands-on First Project Scale
  • 43. 43Page© 2016 IBM Corporation HSBC, Bank of America, IDA Trade Finance - Letter of Credit ABN AMRO Financial Restructuring & Recovery Crédit Mutuel Arkéa Consortium Shared Ledger Japan Exchange Group (JPX) Post Trade Kouvola Innovation Supply Chain Logistics London Stock Exchange Market Innovation Mizuho Digital Currency IBM Global Finance Shadow Chain for Dispute Resolution IBM and Hyperledger in Action
  • 44. 44Page© 2016 IBM Corporation Summary Blockchain … – is a shared, replicated, permissioned ledger technology – can open up business networks by taking out cost, improving efficiencies and increase accessibility – addresses an exciting and topical set of business challenges, which cross every industry IBM … – supports the Linux Foundation Hyperledger open standard, open source, open governance Blockchain – has an easy to access, proven and incremental engagement model giving customers the confidence to get started NOW
  • 45. © 2016 IBM Corporation Thank you! David_smits@be.ibm.com @DavidGSmits
  • 46. 46Page© 2016 IBM Corporation Further Information – Use case Links HSBC, Bank of America, IDA: http://www.coindesk.com/hsbc-bank-america-blockchain-supply-chain/ ABN AMRO: https://www.abnamro.com/en/newsroom/blogs/arjan-van-os/2016/walking-the-walk-exploring-the-power-of- blockchain.html Crédit Mutuel Arkéa: http://www.coindesk.com/ibm-completes-blockchain-trial-french-bank-credit-mutuel/ JPX: http://www.ibm.com/press/us/en/pressrelease/49088.wss Kouvola Innovation: http://www.ibm.com/press/us/en/pressrelease/49029.wss London Stock Exchange: http://www.ibtimes.co.uk/linux-foundation-blockchain-consortium-digital-asset-ibm-credits-london-stock- exchange-board-1533798 Mizuho: http://www.coindesk.com/mizuho-digital-currency-powered-blockchain-settlement/ IBM Global Finance: http://www.coindesk.com/ibm-building-blockchain-dispute-resolution-system/
  • 47. © 2016 IBM Corporation 47 Bitcoin • In a nutshell: The original Blockchain application, spawning an industry • Use case: Cryptocurrency transfer between anonymous participants • Network: Single public network • Accounts: BTC currency, rewards for mining, transaction fees • User Data: Small transaction data area • Consensus Network: Transactions validated using ‘Proof of Work’ cryptographic mining • Privacy: Transaction ledger completely open • Smart Contracts: In original design and code, but not obvious • Open: Open source. Changes governed by Bitcoin developers. • Recent Innovations: None – relatively established • Backing: Bitcoin applications are backed many VCs. Network not backed. • More information: https://bitcoin.org
  • 48. © 2016 IBM Corporation 48 Ethereum • In a nutshell: Popularized smart contracts • Use case: Smart contracts encapsulate business rules. Ether currency as ‘fuel’ • Network: Single public network. Private network providers available, e.g. Eris • Accounts: Ether currency, rewards for mining, transaction fees • User Data: Accounts can hold binary user data • Consensus Network: POW transaction validation • Privacy: Fully open ledger • Smart Contracts: Fully externalized via ‘Solidity’ programming language • Open: Open source. Changes governed by Ethereum developers • Recent Innovations: Discussing ‘Proof of Stake’ option – May 2016 • Backing: Ethereum applications are backed by VCs. Network by donations • More information: https://www.ethereum.org
  • 49. © 2016 IBM Corporation 49 Ripple • In a nutshell: International Payments Platform for banks and businesses • Use case: Cryptocurrency (XRP) transfer between anonymous participants • Network: Single public network • Accounts: Hold XRP currency balance • User Data: No user data • Consensus Network: Transactions validated using novel, ‘white-list’ network protocol • Privacy: Fully open ledger • Smart Contracts: None. • Open: Open source. Changes governed by Ripple Labs • Recent Innovations: Focus on international banking settlements • Backing: Andreesen Horowitz, Google Ventures • More information: https://ripple.com
  • 50. © 2016 IBM Corporation 50 Hyperledger • In a nutshell: Distributed ledger backed by the Linux Foundation • Use case: General purpose distributed ledger satisfying broad requirements • Network: Private networks focus. Available as managed service. Public later • Accounts: Not currency based. (UTXO API available using smart contracts) • User Data: Flexible key-value database • Consensus Network: Transactions validated using PBFT as default. Pluggable design • Privacy: From fully open to private ledgers • Smart Contracts: Broad choice of programming languages. Extensible via Docker containers • Open: Open source. Changes via standard Linux Foundation processes • Recent Innovations: Merging contributions from IBM, DAH, Intel prior to expect GA July 2016 • Backing: 30 Founders: IT companies, Banks & Financial organizations • More information: https://www.hyperledger.org