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What is it & Why? BLOCKCHAIN

BLOCKCHAIN - ETDA · 2018-07-24 · WHY BLOCKCHAIN IMMUTABILITY Transaction cannot be altered once recorded PROVENANCE Able to trace the origin by leveraging consensus mechanism TRANSPARENCY

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Page 1: BLOCKCHAIN - ETDA · 2018-07-24 · WHY BLOCKCHAIN IMMUTABILITY Transaction cannot be altered once recorded PROVENANCE Able to trace the origin by leveraging consensus mechanism TRANSPARENCY

What is it & Why?

BLOCKCHAIN

Page 2: BLOCKCHAIN - ETDA · 2018-07-24 · WHY BLOCKCHAIN IMMUTABILITY Transaction cannot be altered once recorded PROVENANCE Able to trace the origin by leveraging consensus mechanism TRANSPARENCY

HOW TO SELL CONSTRUCTION MATERIALS TODAY

Approve to

sell

Load to truck

+ Document

Ship to site +

DocumentSite unload

Customer

Head office

Verify

DocumentDealer Verify

Document

Dealer BillingCustomer Verify

Document and

payment

Billing

Take up to 7 – 14 days after

products delivered until payment

Page 3: BLOCKCHAIN - ETDA · 2018-07-24 · WHY BLOCKCHAIN IMMUTABILITY Transaction cannot be altered once recorded PROVENANCE Able to trace the origin by leveraging consensus mechanism TRANSPARENCY

HOW ABOUT THIS?

Approve to

sell Load to truck Ship to site Site unload

Dealer

Data

Total 3 – 4 days

Page 4: BLOCKCHAIN - ETDA · 2018-07-24 · WHY BLOCKCHAIN IMMUTABILITY Transaction cannot be altered once recorded PROVENANCE Able to trace the origin by leveraging consensus mechanism TRANSPARENCY

WHY IT WON’T WORK

Page 5: BLOCKCHAIN - ETDA · 2018-07-24 · WHY BLOCKCHAIN IMMUTABILITY Transaction cannot be altered once recorded PROVENANCE Able to trace the origin by leveraging consensus mechanism TRANSPARENCY

FAKE DATA

HACKING

NON-STANDARD PLATFORM

Page 6: BLOCKCHAIN - ETDA · 2018-07-24 · WHY BLOCKCHAIN IMMUTABILITY Transaction cannot be altered once recorded PROVENANCE Able to trace the origin by leveraging consensus mechanism TRANSPARENCY

BLOCKCHIAN TECHNOLOGY TO SOLVE DIGITIZATION ISSUES

Inefficient, expensive, vulnerable

to be solved by Blockchain

technology

Page 7: BLOCKCHAIN - ETDA · 2018-07-24 · WHY BLOCKCHAIN IMMUTABILITY Transaction cannot be altered once recorded PROVENANCE Able to trace the origin by leveraging consensus mechanism TRANSPARENCY

WHAT IS BLOCKCHIAN

“Blockchain is an incorruptible distributed ledger of economic transactions across a peer-to-peer network. Participants can confirm transactions without the need for a central

certifying authority.”

Page 8: BLOCKCHAIN - ETDA · 2018-07-24 · WHY BLOCKCHAIN IMMUTABILITY Transaction cannot be altered once recorded PROVENANCE Able to trace the origin by leveraging consensus mechanism TRANSPARENCY

WHY BLOCKCHAIN

IMMUTABILITY

Transaction cannot be altered once recorded

PROVENANCE

Able to trace the origin by leveraging

consensus mechanism

TRANSPARENCY

Ledger are updated to all participants

SECURITY

Data is immutable and protected by

cryptography

TRUST

TRACEABLE

NO TRANSACTION FEE

SECURE

Page 9: BLOCKCHAIN - ETDA · 2018-07-24 · WHY BLOCKCHAIN IMMUTABILITY Transaction cannot be altered once recorded PROVENANCE Able to trace the origin by leveraging consensus mechanism TRANSPARENCY

NEXT WAVE OF FOUNDATION TECHNOLOGY AFTER INTERNET ERA

INTERNET EVOLUTION

1973

TCP/IP

1990

www /

E-mail

1995

Emerging of Search engine

1998

• Social media

• New shared economy (AirBNB, UBER)

Bitcoin

whitepaper

Bitcoin Trade

2010

Ethereum

2014

40+ financial

institution start

invested in Blockchain

2015-2016

• Apply blockchain across

industry

(300+ user/day)

(255K+

user/day)

(300M+ user/day)

Web2.0

E-Commerce

(amazon)(1.1Billion+ user/day)

BLOCKCHAIN EVOLUTION

2008

Internet unlocked new

economic value by

dramatically lowering the

cost of connections.

Similarly, Blockchain

could dramatically reduce

the cost of transactions.

Page 10: BLOCKCHAIN - ETDA · 2018-07-24 · WHY BLOCKCHAIN IMMUTABILITY Transaction cannot be altered once recorded PROVENANCE Able to trace the origin by leveraging consensus mechanism TRANSPARENCY

Bean to cup traceability : Connect customers and farmers

• Source of origin

• Promote Responsibility / transparency

• Supply Chain Financing

Food traceability• Enhance Food Safety

• Fresher Food

• Less Food Waste

• Deter Food Fraud

• Promote Responsibility

• Build Trust

Reduce traceability time from 6 days to 2.2 secs

USE CASES

Supply chain traceability

Page 11: BLOCKCHAIN - ETDA · 2018-07-24 · WHY BLOCKCHAIN IMMUTABILITY Transaction cannot be altered once recorded PROVENANCE Able to trace the origin by leveraging consensus mechanism TRANSPARENCY

P2P Solar Chain :

Empower consumer to

simply trade electricity with

one another and receive in

real-time customers and

farmers

Healthcare Chain :

Digitized medical record on

blockchain and share across

hospital

USE CASES

Page 12: BLOCKCHAIN - ETDA · 2018-07-24 · WHY BLOCKCHAIN IMMUTABILITY Transaction cannot be altered once recorded PROVENANCE Able to trace the origin by leveraging consensus mechanism TRANSPARENCY

So, Blockchain is not only about

Cryptocurrency

Page 13: BLOCKCHAIN - ETDA · 2018-07-24 · WHY BLOCKCHAIN IMMUTABILITY Transaction cannot be altered once recorded PROVENANCE Able to trace the origin by leveraging consensus mechanism TRANSPARENCY

BUSINESS CAN START USING BLOCKCHAIN TECHNOLOGY NOW

Permissioned Blockchain (Private)

Permission less Blockchain (Public)

Accessible Authorized access Open access

Speed With superconducting

networks technology 100k transactions/sec

Bitcoin 3-7 transactions/sec, Ethereum 15 transactions/sec

Validators Pre-selected, Trusted validators

Anonymous, fully decentralize validators

Platform

Page 14: BLOCKCHAIN - ETDA · 2018-07-24 · WHY BLOCKCHAIN IMMUTABILITY Transaction cannot be altered once recorded PROVENANCE Able to trace the origin by leveraging consensus mechanism TRANSPARENCY

Q & A