NATIONAL MULTI-INDUSTRY BLOCKCHAIN CONSORTIUM

MALAGA, NOVEMBER 2017

The society of the future is Smart

EVERYTHINGis interconnected

SuppliersFactory

Retailer

Final product

Customer

Social network data

Product usage

Material flow

Logistics Logistics

Digital Ecosystem Transformation

● Beyond individual company digital transformation

● Beyond data sharing

● Secure value exchange

● Avoiding central entities (companies are peers)

● Avoid power imbalances in the ecosystem

ExtendedManufacturing Process

Universal Collaborative Platform

SuppliersFactory

Retailer

Final product

Customer

Social network dataExtended Manufacturing Process

Product usage

Platform

Material flow

Logistics Logistics

Blockchain allows ecosystem digitization

● Via tokenization of real assets

● Data + Behaviour: Smart Contracts

● Digital Twins interact with each other inside the blockchain

● Smart Contracts can combine behaviour of several Digital Twins

“Digital Twins”

National Blockchain Network

SuppliersFactories

Logistics Logistics Retailer

Final product

Customer

Social networks

Usage data

Blockchain

Self-Sovereign Identity

Permissioned PrivacyRe

silie

ncy

Smart Contract

Smart Contract

Smart Contract

Smart Contract

Smart Contract

Smart Contract

Services developed by Alastria members

Members collaborate on the infrastructure

Not for-profit association, open to everyone

National Blockchain Network

SuppliersFactories

Logistics Logistics Retailer

Final product

Customer

Social networks

Usage data

Blockchain

Self-Sovereign Identity

Permissioned PrivacyRe

silie

ncy

Smart Contract

Smart Contract

Smart Contract

Smart Contract

Smart Contract

Smart Contract

Services developed by Alastria members

Members collaborate on the infrastructure

Members compete on the applications

Blockchain

Self-Sovereign Identity

Permissioned Privacy

Resi

lienc

y

Smart Contract

Smart Contract

Smart Contract

Smart Contract

Smart Contract

Smart Contract

Services developed by Alastria members● Public-Permissioned blockchain platform

● Private and Public Smart Contracts● Digital Identity of legal validity, based on

Self-Sovereign Identity (SSI) model

● Distributed and Secure Storage architecture

● Resilient: the platform will be operated as a critical infrastructure

National Blockchain Network

Public-Permissioned blockchain

9

Validator nodes

Participantnodes

✓No cryptocurrencies needed

✓Only authorized nodes can participate

✓Does not depend on a single entity, but on a trusted validators set => It’s not 100% “trustless”, pero it’s good enough

✓Allows simpler consensus algorithms (with respect to “proof of work”)

✓Transaction finality

✓Much higher performance and scalability

… but needs implementation of a Distributed Governance Model

Gateway nodes

From the “isolated” identityTo the “sovereign” identity

The evolution of digital identity

Low

Medium

High

Levels of Assurance

Identity verification processes (examples)

Self-attested

Based on current KYC

Notarization of DNIe and other docs

Uses of Alastria ID

Register in web sites

Purchase of low value goods/services

Mortgages and other high-value products

• Allows implementing products and services complying with Spanish (and European) regulation.

• Self Sovereign Identity (SSI), for protection and empowerment of the user.

Alastria ID: Legal Identity on the Blockchain

SuppliersFactory

Retailer

Final product

Customer

Social network dataExtended Manufacturing Process

Product usage

Platform

Material flow

Logistics Logistics

What could be the role of banks?

Exchange of value among Digital Twins needs “Digital (tokenized) Fiat Money” and innovative financial services

USC: Utility Settlement CoinCreate a universal token to exchange liquidity globally between financial counterparts,backed by fiat funds held in central bank accounts (sort of “pseudo-central bank”).

Smart Contract

On Distributed

Ledger

Fiat currency on deposit in a CENTRAL BANK

Converted to digital tokens

Banks settling multi-currency cash

obligations between each other directly

• Targeted at:

✓ SME’s✓ Open account✓ Eurozone

• Currently there is a risk that either buyer or seller(depending on their negotiation power) has to normallytake:

• The buyer pays the seller in advance• or the seller ship the goods before payment.

• The We.trade platform thanks to the blockchaintechnology allows participants to digitally and securelyconclude agreements Seller

We.trade platform

Blockchain

Shipper

Buyer

Import Bank Export Bank

Over 20 million of SMEs in Europe80% of European trade ocurrs on open account

We.trade: Trade Finance

Digital Twins Innovation Hubs

Digital Twins from many companies are available in a test form

Smart Contract

Smart Contract

Smart Contract

Smart Contract

Smart Contract

Smart Contract

Innovative services combining tokenized assets

● Beyond Open Data● Beyond Open APIs

Blockchain

Self-Sovereign Identity

Permissioned Privacy

Resi

lienc

y

Entrepreneurs, Start-ups and innovative companies

MALAGA, NOVEMBER 2017