how blockchain will reinvent how we do business€¦ · enterprise ethereum alliance consensys is a...
Post on 24-May-2020
3 Views
Preview:
TRANSCRIPT
© 2017 consensys.net
How Blockchain Will Reinvent How We do Business
11
Presented by:
Dr. R. Tyler Smith
Director of Energy
© 2017 consensys.net
Data is
DistributableThe explosive growth of the internet has helped us distribute information and content all over the world, but
Data is
RecordableMainframe computing opened the doors for the recording and use of mass quantities of data in a digital fashion.
2
History of the Database and Network
Blockchain is the natural next progression in database and networking technology
Paper & Mainframes1950’s
SQL Database1970’s
Data is
SearchableWith the invention of SQL information became more searchable, thereby making it more accessible and user friendly.
Networks / Internet1990’s
BlockchainToday
Data is
ShareableBlockchain shifts the paradigm of computing, allowing us to transfer value and run applications on a shared platform.
Blockchain technology, like mainframe, SQL, and the internet will revolutionize how we consume and use information.
© 2017 consensys.net 3
Blockchain - A Trust Framework
Blockchain provides a trust framework that allows systems to be developed for actors to interact reliably and securely
CRYPTOGRAPHICALLY SECUREUses tried and true public/ private signature
technology. Blockchain applies this
technology to create transactions that are
impervious to fraud and establishes a shared
truth.
DECENTRALIZEDThere are many replicas of the blockchain
database and no one participant owns nor can
tamper with it. Consensus among majority
participants is needed to update the database.
SMART CONTRACTThe Ethereum blockchain can store both data
and Smart Contract (“Business Logic”) in the
blockchain.
IMMUTABLE LEDGERBlockchain is a write-once database, so it
records an immutable record of every
transaction that has occurred since its
inception.
© 2017 consensys.net
Next Generation “DISTRIBUTED” Database
4
Data
Code
Peer to Peer Network
© 2017 consensys.net
The internet has evolved!
We can now use the internet to create:
● Trusted money without nation states (Bitcoin, Ethereum, ZCash)
● Legal contracts which are self executing
● Transparent operations of public services
● Provable fair voting
● Global registries (think carbon credit tracking, stock exchanges or genealogy)
● Self sovereign identity (billions of people lack forms of identification)
● Privacy of personal data (avoid hacks like Yahoo, Target, LinkedIn, Adobe, FaceBook)
● Immutable histories (trustable audits)
What does this mean?
5
Examples to give context
© 2017 consensys.net
The America Online Moment
6
When crypto-currencies reach mainstream adoption
About to happen! Anyone’s guess
© 2017 consensys.net
The Zeitgeist: Token fundraising for startups
7
Liberating locked capital for speculation in early stage ventures
© 2017 consensys.net
Filecoin sale (opened 8/10/17)
8
Filecoin is the latest and greatest of the token sale launches
After < 1 hour
© 2017 consensys.net/enterprise Confidential
Enterprise Ethereum AllianceConsenSys is a founding member of the Enterprise Ethereum Alliance whose goal is to lead the development and improvement of the Ethereum platform in response to enterprise needs.
9
EEA Members: A community of Ethereum early adopters and innovators
Key enterprises from diverse sectors and with global reach
No “pay to play” and robust governance setup to ensure
progress and alignment
Permissioned blockchain focus, public blockchain expertise
and interoperability - support public Ethereum roadmap
Participants from the most innovative fintech companies
and deep connectivity with the core Ethereum development
team
Option to build and expand applications on top of the open
source code
Commitment to open source code
© 2017 consensys.net
Art of the Possible
10
A real move towards “ industry-wide” infrastructure
Risk ManagementPrediction markets can revolutionize our approach to properly characterizing risk
and improve investment decisions.
IoTBlockchain used as a means to connect and audit IoT, machine-to-machine value transfer
Company-Wide IdentityIncreased security across all access points:
Person to Person, Person to Machine, Machine to Machine
Regulatory ComplianceCompanies and governments can collaborate in
real-time on blockchains to maintain transparency.
Supply ChainProvenance of assets become verifiable and traceable leading to the revolution of supply
chains and transparency
$
© 2017 consensys.net
Examples:
● BHP Billiton: Wellbore samples
● Maersk: Shipping containers
● Trafigura: Oil trading
● Mercuria: Oil trading
● Walmart: Food tracking
● Wells Fargo & CBA:
Commodity (cotton) tracking
Supply Chain
11
© 2017 consensys.net
Track and Trace
12
Asset tracking for any industry
Weight
Name
Address
Cost
Business Processes
● Progression of assets through various steps of a business process(s) is recorded on chain for lookbacks and evidence of trail
● Smart contracts enforce the business process(s) on chain curbing rogue actions
Business Actions
● User or machine initiated action that allows assets to progress from one process state to the next
● User actions unrelated to process state required for performing administrative and corrective functions
Actors
● Users that interact with the asset to perform process actions and transform the asset from one state to next
● Users that have ownership or custody of the asset
● Users that participate in audit, review and attestation of the asset to validate history
Role Permissions
● A class of users performing similar actions or functions are grouped into Roles
● Permissions to perform business actions are assigned by roles
● The web interface and smart contracts enforce the permissions preventing rogue users from tampering
Assets
● Any Physical or Digital entity that requires to be tracked
Attributes
● Asset attributes of interest (what), ownership (who), time (when), location (where) etc.
Small Business
Front Desk Clerk(Shipping Company)
Logistics Operator(Shipping Company)
Truck Operator(Shipping Company)
Customer
© 2017 consensys.net
uPort is an open source software project to establish a
global, unified, sovereign identity system for people,
businesses, organizations, devices, and bots.
● Currently in alpha (Available on iOS and Android)
● Integrates solutions for physical and digital identity
● Unparalleled security for remote operations
● Authorizations, Certifications, Contract signing
Self-Sovereign Identity
13
uPort - Global identity system
Recent Headline: Swiss "Crypto Valley" to Create Digital Identities for Its Citizens with uPort
© 2017 consensys.net
Regulatory Compliance
14
Reporting public regulatory data on a blockchain
© 2017 consensys.net
Regulatory Compliance
15
Reporting public regulatory data on a blockchain
© 2017 consensys.net
Regulatory Compliance
16
Reporting public regulatory data on a blockchain
© 2017 consensys.net
Regulatory Compliance
17
Reporting public regulatory data on a blockchain
© 2017 consensys.net
Regulatory Compliance
18
Reporting public regulatory data on a blockchain
© 2017 consensys.net
Regulatory Compliance
19
Reporting public regulatory data on a blockchain
© 2017 consensys.net
Regulatory Compliance
20
Reporting public regulatory data on a blockchain
© 2017 consensys.net
Regulatory Compliance
21
Reporting public regulatory data on a blockchain
© 2017 consensys.net
Risk Management
22
Project risk management through prediction markets
Next generation prediction market platforms enable
access to the wisdom of the crowd otherwise known
as the “big brain”
● Can be applied to Exploration and Development risk management
○ Eliminate leader bias
○ Aligns incentives with technical staff
● Transformative application of proven theory
$
© 2017 consensys.net
Internet of Things
23
Reduce operational risk through smart contracts
Trust
© 2017 consensys.net
● Digital Signing
● Privacy
● Transparency
● Security
● Repeatability
● 100% Uptime
Internet of Things
24
Reduce operational risk through smart contracts
Trust
© 2017 consensys.net
Naval Ravikant - CEO and a co-founder of AngelList
Blockchains will replace networks with markets.
Overlapping networks create and organize our society. Physical, digital and mental roads connecting us all.
Money is a network. Religion is a network. A corporation is a network. Roads are a network. Electricity is a network…
Parting thoughts
25
The blockchain transforms business models as well as creates back office savings
© 2017 consensys.net
R. Tyler Smith PhD
Tyler.Smith@ConsenSys.net
Twitter - @R_Tyler_Smith
LinkedIn - Tyler Smith, Director of Energy and Consulting https://www.linkedin.com/in/tyler-smith-970a559/
Houston Ethereum Meetup Organizer
Next meetup: Early October
Please reach out!
26
I can help you or your company become a leader in the blockchain space
© 2017 consensys.net 27
top related