outthink blockchain with ibm
TRANSCRIPT
Karolina MarzantowiczIBM Distinguished EngineerCTO for Banking // IBM Academy of Technology
Outthink Blockchain
22. November 2016, Ljubljana, Slovenija
Outthink trends
Digital Economy, Digital Trust
Source: https://public.dhe.ibm.com/common/ssi/ecm/gb/en/gbe03620usen/GBE03620USEN.PDF
Blockchain in Gratner’s Hype Cycle
Chart Source: Hype Cycle for Blockchain Technologies and the Programmable Economy, 2016Published: 27 July 2016, Gartner
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)
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
– Contract – conditions for transaction to occur
Problem …
… Inefficient, expensive, vulnerable
Bankrecords
PartyA’srecords
PartyC’srecords
Auditorrecords
PartyB’srecords
PartyD’srecords
Solution …
… Consensus, provenance, immutability, finality
PartyC’srecords
Auditorrecords
PartyB’srecords
PartyD’srecords Bankrecords
PartyA’srecords
Shared,replicated,permissioned
Blockchain for business …
Append-onlydistributedsystemofrecordsharedacrossbusinessnetwork
Businesstermsembeddedintransactiondatabase&executedwithtransactions
Allpartiesagreetonetworkverifiedtransaction
Ensuringappropriatevisibility;transactionsare
secure,authenticated&verifiable Privacy
Sharedledger
… Broader participation, lower cost, increased efficiency
Smartcontract
Consensus
Blockchain benefits
Savestime
Removescost
Reducesrisk
Increasestrust
Transaction time from days to near
instantaneous
Overheads and cost intermediaries
Tampering, fraud & cyber crime
Through shared processes and recordkeeping
Blockchain for Business – Our Point of ViewCommunity + CodeLinux Hyperledger Project
Open Source Code: Blockchain for business;Consensus | ProvenanceImmutability | FinalityOpen Governance – 100 member cross industry board
CloudIBM Blockchain
Blockchain managed service on IBM Cloud and z Systems;Identity | Consensus | System Integration | Hardware-assist for Performance & SecurityIBM Blockchain on Bluemix
ClientsBlockchain SolutionsBlockchain Garage
Making Blockchain real for businessBlockchain Garage; New York | London | Singapore | TokyoBlockchain Services Practice
Linux Foundation’s Hyperledger Project– Open Ledger Project announced December 17, 2015 with
17 founders, now over 80 members
– 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, open standards, open governance
Enable adoption of shared ledger technology at a pace and depth not achievable by any one
company or industry
QUICKFACTS
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
Adoption of Distributed Ledger Technology
Source: World Economic ForumPublished: August 2016
High Potential Blockchain Use Cases
Source: World Economic Forum: The future of financial Infrastructure
Examples
More Blockchain Resources§ IBM Blockchain http://www.ibm.com/blockchain/
§ IBM Blockchain for Developers: https://developer.ibm.com/courses/all-courses/blockchain-
for-developers/
§ IBM ThinkAcademy: Blockchain in 20 Minutes: https://w3-
workplace.ibm.com/ibm/thinkacademy/ta3/#/blockchain-in-20-minutes
§ IBM Blockchain Forum: https://w3-connections.ibm.com/forums/html/forum?id=caa49f66-
fd14-4f7f-a81d-1aecab4d2e36&ps=25
§ Basic terms: https://innovationthinkers.com/2016/10/07/blockchain-dlt-digital-money/
§ World Economic Forum: The Future of Financial Service: http://www3.weforum.org/docs/WEF_The_future__of_financial_services.pdf
CFO Perspective Collaboration for Business
October 13th, 2016 | Bucharest, Romania
OUTTHINK BLOCKCHAIN