making blockchain real for businessamericastradepolicy.com/wp-content/uploads/2017/06/...2017/06/15...

1© 2016 IBM Corporation© 2016 IBM Corporation

Making Blockchain Real for Business

Explained

15 June 2017

Contents

is Blockchain?

is it relevant

for our business?

2Page© 2016 IBM Corporation

3© 2016 IBM Corporation

Introducing BlockchainA shared ledger technology allowing any participant in the business network

to see THE system of record (ledger)



Problem …

… Inefficient, expensive, vulnerable

Bank

records

Party A’s

records

Party C’s

records

Auditor

recordsParty B’s

records

Party D’s

records


Solution …

… Consensus, provenance, immutability, finality

Party C’s

records

Auditor

recordsParty B’s

records

Party D’s

records

Bank

records

Party A’s

records

Shared, replicated, permissioned


Blockchain for Cryptocurrency vs Blockchain for Business

Anonymous Transparent

Transparent Anonymous

(to the unauthorized)

Business

Cryptocurrency

Details of xActionExecutor of xAction


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


Contents

is Blockchain?

is it relevant

for our business?



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


The Trust IssueBroad Categories of Use Cases for Business

Examples

Blockchain

Feature

EfficiencySecurityProvenanceSpeed

• Customs Declaration

• Asset Management

• Procurement

• Dispute Resolution

• Banking

• Finance

• Food Supply

Chain

• Diamonds/Art

• Industrial

Components

• Digital Identity

• Healthcare

• Shared ledger

• Smart contract

automation

• Single source of

truth

• Clears and settles

simultaneously

• Peer to Peer

• Linkage back to

previous block

• Immutability

• Network permission

• Cryptography

• Consensus


Linux Foundation Hyperledger

– A collaborative effort created to advance cross-industry

blockchain technologies

– Announced December 2015, now over 120 members

– Open source, open standards, open governance

– One active framework (“Fabric”) and four incubators

– IBM is a premier member of Hyperledger

www.hyperledger.org

Brian Behlendorf

Executive Director

Blythe Masters

Board Chair

Chris Ferris

TSC Chair

http://www.hyperledger.org/


Hyperledger Project Members

AssociateSource: https://www.hyperledger.org/about/membersUpdated April 2017

Premier General

https://www.hyperledger.org/about/members

IBM Supply Chain Lessons Learned

• Start with an Ideation Workshop to brainstorm possible use cases

• Take advantage of an IBM Blockchain Garage to experiment. (Develop

quickly with API’s and test security, availability and performance)

• Identify 1 to 3 Minimum Viable Products (with a vision of what they can

become so architected properly)

• Initiate some projects with a 12 week (or less) time box for completion.

Learn, course correct and iterate.


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

making blockchain real for businessamericastradepolicy.com/wp-content/uploads/2017/06/...2017/06/15...

Documents