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Security for Hybrid Blockchains ITU workshop on "Security Aspects of Blockchain" Geneva, Switzerland. 21 MARCH 2017 STEVE WILSON VICE PRESIDENT AND PRINCIPAL ANALYST 1

ITU workshop on Security Aspects of Blockchain Geneva ... · Security for Hybrid Blockchains ITU workshop on "Security Aspects of Blockchain" Geneva, Switzerland. 21 MARCH 2017 STEVE

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Page 1: ITU workshop on Security Aspects of Blockchain Geneva ... · Security for Hybrid Blockchains ITU workshop on "Security Aspects of Blockchain" Geneva, Switzerland. 21 MARCH 2017 STEVE

Security for Hybrid Blockchains

ITU workshop on "Security Aspects of Blockchain"

Geneva, Switzerland.

21 MARCH 2017

STEVE WI LSON

VI CE PRES I DENT AND PRI NCI PAL ANALYST

1

Page 2: ITU workshop on Security Aspects of Blockchain Geneva ... · Security for Hybrid Blockchains ITU workshop on "Security Aspects of Blockchain" Geneva, Switzerland. 21 MARCH 2017 STEVE

November 2008

An obscure paper appeared

2

Page 3: ITU workshop on Security Aspects of Blockchain Geneva ... · Security for Hybrid Blockchains ITU workshop on "Security Aspects of Blockchain" Geneva, Switzerland. 21 MARCH 2017 STEVE

3

Blockchain 1.0

Consensus Algorithm

?

Page 4: ITU workshop on Security Aspects of Blockchain Geneva ... · Security for Hybrid Blockchains ITU workshop on "Security Aspects of Blockchain" Geneva, Switzerland. 21 MARCH 2017 STEVE

4

Consensus Algorithm

Blockchain 1.0

• Trust-less • Permission-less• “Anonymous”• Transparent • Decentralized

Page 5: ITU workshop on Security Aspects of Blockchain Geneva ... · Security for Hybrid Blockchains ITU workshop on "Security Aspects of Blockchain" Geneva, Switzerland. 21 MARCH 2017 STEVE

“Trust-less”?

5

Process

Technology

People

Page 6: ITU workshop on Security Aspects of Blockchain Geneva ... · Security for Hybrid Blockchains ITU workshop on "Security Aspects of Blockchain" Geneva, Switzerland. 21 MARCH 2017 STEVE

Technology

Trust-less

6

ProcessPeople

Page 7: ITU workshop on Security Aspects of Blockchain Geneva ... · Security for Hybrid Blockchains ITU workshop on "Security Aspects of Blockchain" Geneva, Switzerland. 21 MARCH 2017 STEVE

` 7

Global Network

Consensus Process

“Proof of Work” Algorithm

Distributed Ledger

Blockchain 1.0 vs Reality

• Consensus as to what? • Confidentiality • Authority structures• Blockchain expertise

Page 8: ITU workshop on Security Aspects of Blockchain Geneva ... · Security for Hybrid Blockchains ITU workshop on "Security Aspects of Blockchain" Geneva, Switzerland. 21 MARCH 2017 STEVE

Blockchain 3.0

• People & Process are inherent • Permissioned• Administered• Distributed but concentrated• Trusted hosting• Encryption & Key Mgt*

8

Concentrated Resources

Consensus Process

Other algorithms

Distributed Ledger

Permissions

Encryption

Admin

Page 9: ITU workshop on Security Aspects of Blockchain Geneva ... · Security for Hybrid Blockchains ITU workshop on "Security Aspects of Blockchain" Geneva, Switzerland. 21 MARCH 2017 STEVE

Only the beginning

From public blockchain to private DLTsWhat problems are we trying to solve?

Powerful consortia & services emergingWhen’s the right time for standards?

9

What’s really going to change the world?

Page 10: ITU workshop on Security Aspects of Blockchain Geneva ... · Security for Hybrid Blockchains ITU workshop on "Security Aspects of Blockchain" Geneva, Switzerland. 21 MARCH 2017 STEVE

Thank you.

Steve Wilson

10

www.constellationr.com/users/swilson

www.ConstellationR.com

+61 414 488 851

[email protected]

@steve_lockstep

http://www.constellationr.com/users/swilson

http://www.constellationr.com/

mailto:[email protected]

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