WHY WE NEED TO GET SAVVY ABOUT

BLOCKCHAINOrigins | Building Blocks| Potential Scope for Industry Involvement | Cross Industry Use Cases

Chris StanleyDigital Evangelist | Photographer | Free Thinker

BLOCKCHAIN EXPLAINEDForeword

• About BlockChain• Executive Summary• BlockChain as Understood Today

The Building Blocks

• What constitutes a typical Block?• The BlockChain at work• Types of BlockChain possible

Potential Involvement

Opportunities• BlockChain Footprint – growing quick• Use Cases – Aerospace, Adjacent domains

BlockChain Ecosystem • Players across the BlockChain spectrum

Strategies for BlockChain

Participation• Strategic Alliances – The HyperLedger Project• FABRIC | IROHA | SAWTOOTH LAKE

Conclusion • Getting Blockchained

FOREWORD

About BlockChain

Executive Summary

ABOUT BLOCKCHAIN Much has already been said and written about the humble beginnings of BlockChain from the days of the dark web, let’s suffice to know that…

“ The first Block Chain (Originally), was conceptualized by Satoshi Nakamoto in 2008 and implemented the following year as a core component of the digital currency bitcoin, where it serves as the public ledger for all transactions. Through the use of a peer-to-peer network and a distributed timestamping server, a blockchain database is managed autonomously. The invention of the blockchain for bitcoin made it the first digital currency to solve the double spending problem, without the use of a trusted authority or central server. The bitcoin design has been the inspiration for other applications.” Wikipedia

It was born from the need to have a decentralized system of record, and a distributed, autonomous authorization entity A secure, transaction record, that can ensure immediate fraud detection and prevent misuse

EXECUTIVE SUMMARY This is an attempt to demystify the BlockChain concept and its potential to develop solutions for, and adapt to, the different Business Scenarios (read Challenges) that traditional technology apps and business processes are grappling with Any new Technology or Innovative Idea has to go through the paces to be widely accepted and adopted across business domains; this deck contains some of the challenges and opportunities which present themselves as on date, as Use Cases With little or no background to the Bitcoin or the BlockChain ecosystem, one could begin development of applications using the APKs and SDKs which are available in multiple development spheres – some find mention in this deck as well Most important for any technology to go mainstream is its ability to respond to business needs in a fair, transparent manner and with minimum geek intervention, while being able to track both actions and value – The BlockChain is being called the Internet of Value for its ability to track and transact value securely, not just maintain flow of information

BLOCKCHAIN AS UNDERSTOOD TODAY

According to the Bank of England, a blockchain is “a technology that allows people who don’t know each other to trust a shared record of events”

Blockchain has the underpinnings for a next generation IoT (Internet of Things) architecture. – Gurvinder Ahluwalia, IBM

Blockchain is a meta technology on the internet that works as a

decentralized database thanks to a peer to peer network of computers

and people which share a distributed ledger.A blockchain is a tamper-proof, shared digital ledger that

records transactions in a public or private peer-to-peer

network. Distributed to all member nodes in the network,

the ledger permanently records, in blocks, the history of

asset exchanges that take place between the peers in

the network.

Despite its richly varied applications, a blockchain such as bitcoin’s aims to realize a simple goal. Abstractly, it can be viewed as creating a kind of public bulletin board, often called a “distributed ledger.” This ledger is public. Anyone – plebeian or plutocrat, baker or banker – can read it. And anyone can write valid data to it. 

THE BUILDING BLOCKS

What constitutes a Typical Block?

The BlockChain at Work

Types of BlockChain possible

THE TYPICAL BLOCKS IN BLOCKCHAIN

Each Block is made up of a Transaction History

History could be any or all of Previous Owner of the Block Previous history of Transactions Previous value of the Block Block Time and Security Stamp

information (# Identifier) Transactions are categorized into

BLOCKS Each BLOCK is linked as the

transaction progresses into a CHAIN Each BLOCK is linked chronologically

with the #ash of the previous block, enabling an auto audit trail

783bdb339sf

Yada yada

1100aafghe0398Hash

C to pay M 2 Bitcoins

M to pay V 4 Bitcoins

Reward myself 4 Bitcoins

Secure Identifier stamp

Transaction history

Trusted BlockChain Network

1100aafghe0398

1100aafghe0398

8892bgren990

8892bgren990

THE BLOCKCHAIN AT WORKhttps://blockchain.info/

Click on the above link to watch the BlockChain in action in real time BlockChain workings are easily traceable,

provided you are one of the trusted entities who share the network in which the transactions are taking place

BlockChain authorization is autonomous BlockChain moves virtual currency viz. the

Bitcoin, this is therefore an Internet of Value, since the Bitcoin value is constantly fluctuating

BlockChain audit trails are instantly stored into the Blocks and can be easily verified, and are available forever Image rights acknowledged as borrowed from WEF web publication originally published

by the Financial Timeshttps://www.weforum.org/agenda/2015/11/how-will-blockchain-technology-transform-financial-services/

TYPES OF BLOCKCHAIN POSSIBLE

Current Banking System

All Banks need to validate transactions via Central Electronic

Ledger

Public BlockChainOpen Network access available

to anyone who operates on virtual currency like Bitcoin.

Digital Ledger, open, transparent and run by everyone who is part of

network

Private BlockChainOpen Network access available

to anyone who operates on virtual currency like Bitcoin.

Digital Ledger, open, transparent and run by

everyone who is part of the chain, Authenticated by all

POTENTIAL INVOLVEMENT OPPORTUNITIES

BlockChain Footprint – Current & Expected

Use Cases – Past | Present | Future

Image rights acknowledged: Let’s Talk Payments

BLOCKCHAIN FOOTPRINT… GROWING QUICKPresently

Mostly Financial Institutions that track public transactions using virtual ledgers Crypto-Currencies Smart contracts for Financial transactions Music Exchanges which rely on virtual crypto currencies for online music purchases Smartphone Bitcoin Purchases in Europe and UK possible without Bank Account through a secure unique QR Code from BitNation

Future Blockchain in Smart Supply Chains – Aero and Auto Industry specifico Automated Supply Chainso Material Handling Automation coupled with Auto-Payments for Goods

Receivedo Pre-Authenticated Supply Networks and Remediation of Short Deliveries

BlockChain Music Exchanges and DRM enabled Media Banks BlockChain Identity Mgmt. Smart Contracts Authority Secure Data of Patient Medical History and Automated Medical Therapy Mgmt.

Digital Property Anonymous authentication Defence Aviation MRO Record Mgmt and Compliance tracking Aerospace Manufacturing Material Tracking from Distributed Warehouse and Tiered Supply Chains

BLOCKCHAIN USE CASESAerospace Manufacturing

Use Case Application Area(s)

Works best with..

Precious Material shipments

Tiered Supply Chains

IoT and BlockChain, ERP and HyperLedger

Green Supply Chains

Ensuring Supply Chains are Carbon Neutral

Blockchain, IoT, Bitcoin(private)

Smart Procurements

Third party Pushed Inventory + JIT

Blockchain, ERP, IoT, Bitcoin

Tiered MRO Service Network

Intelligent MRP and automated deliveries

BlockChain, IoT, ERP, Smart Contracts, Sensor Data Analytics, HyperLedger

Adjacent IndustriesUse Cases Application Area(s) Works best

with..Employee Healthcare

Insurance and Healthcare Policy Mgmt BlockChain, ERP, HyperLedger

Securing the IoT, Heavy Industrial Machinery

All IoT enabled Landscapes BlockChain, IoT

Predictive Maintenance

Installed Base mgmt. BlockChain, IoT, Smart Sensors

MRO Operations

Intelligent MRP runs for JIT BlockChain, IoT, ERP, Smart Contracts, HyperLedger

Shop floor Security

Critical Installations, Secure DMZ areas in Defense Mfg. sites

Blockchain, IoT, ERP

Power Generation Mgmt

Ensuring Tap-off and link-up to the Electrical Grid is seamlessly automated and consumption/ savings are tracked through BlockChain

Blockchain, IoT, ERP

BLOCKCHAIN USE CASES - CONTINUED

Image Courtesy: LTP website

BLOCKCHAIN ECOSYSTEMS

BLOCKCHAIN PARTICIPATION HyperLedger by the

Numbers5

Projects

120 + Contribut

ors

7Hackfest

s

100 Members

The HyperLedger project is an open source collaborative effort created to advance cross-industry blockchain technologies. It is a global collaboration including leaders in finance, banking, IoT, supply chain,

manufacturing and technology.

FabricFabric is an

implementation of blockchain technology that is intended as a

foundation for developing blockchain

applications or solutions.

IrohaIroha is a distributed

ledger project that was designed to be simple

and easy to incorporate into infrastructural projects requiring distributed ledger

technology. 

Sawtooth LakeDesigned for versatility

and scalability, Sawtooth Lake is Intel’s

modular blockchain suite.Partnering with any of these would

mean you are working on BlockChain

CONCLUSION Getting Blockchained Identify which segment to partner in Identify key initiatives you wish to develop upon Partner with the right players Create and / or get on to the Ecosystem Develop and Deploy Capitalize assets developed and deployed