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1Page© 2016 IBM Corporation© 2018 IBM Corporation
Making Blockchain Real for BusinessIBM Blockchain
August 30, 2018
Christian LassenNordic Leader, IBM Blockchain
[email protected]+45 41 20 10 93
Transport Efficiency Day 2018
©2018 IBM CorporationIBM Financial Markets and Banking
A broad ecosystem comes together to deliver solutions and services
Entrepreneurs
Industryorganizations
CommunityLeaders
Service providers
Venture Capitalists
Academia/Students
End Clients/End Users
Influencers
Fintechs.ISVs
GovernmentResearchInstitutions
Clients/Members
2
3Page© 2016 IBM Corporation
The solution provided by blockchain
… A trusted, distributed, permissioned ledger
Participant C’s records
Auditor records
Regulator records
Participant A’s
records
Bank records
Participant B’s records
Blockchain
Consensus, provenance, immutability, finality
3
©2018 IBM CorporationIBM Financial Markets and Banking
Blockchain in a nutshell
Smart Contract
Privacy
Shared Ledger
ConsensusEnsuring appropriate
visibility; transactions are secure, authenticated
& verifiable
Business terms embedded in transaction database & executed with transactions
All parties agree to network verified transaction
Append-only distributed system of record shared
across business network
Broader participation, lower cost, increased efficiency
4
5Page© 2016 IBM Corporation
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
Global Financing: Dispute ResolutionWhat?• IBM Global Finance provides a $41bn channel
financing per year. There are a number of disputes that take time to resolve and can lock up transactions costing time and money
How?• Blockchain provides visibility and provenance
end-to-end across supply chain
Benefits1. Reduced dispute resolution time by 75%
2. Released working capital from $100m
3. Combine IGF and Supplier info to further expand benefits further
4. In production since Sept 2016
8
The case for a better way
9
What?
• Provide a trusted source of information and traceability to improve transparency and efficiency across the food network.
How?
• Shared ledger for storing digital compliance documentation, test results and audit certificates network.
Benefits
• Reduce impact of food recalls through instant access to end-to-end traceability data to verify history in the food network and supply chain.
• Help to address the 1 in 10 people sickened and 400,000 fatalities WW which occur every year from food-born illnesses.
Food Safety
Trade Finance – Digital Trade Chain
This new product will simplify trade finance processes for companies by addressing the challenge of managing, tracking and securing domestic and international trade transactions. Companies can easily and efficiently trade with more trust.The commercialisation of the platform is expected in Q2 2018. From February 2018 test clients of the founding banks will be able to use the platform.
NORDEA JOINS FIRST BLOCKCHAIN-BASED TRADE FINANCE PLATFORM AS FOUNDING PARTNER
CONSORTIUM IS, IN CONJUNCTION WITH IBM, DEVELOPING A PLATFORM BASED ON DISTRIBUTED LEDGER TECHNOLOGY (DLT) THAT AIMS AT MAKING DOMESTIC AND CROSS-BORDER COMMERCE EASIER, SAFER AND MORE EFFICIENT FOR COMPANIES
11Page© 2016 IBM Corporation
Legitimize Diamonds and Reduce Fraud
What?• Track diamonds across supply chain from mine to retail
How?• Shared ledger for storing digital certification with supporting
material
Benefits1. Protect against the occurrence of fraud, theft, trafficking
and black markets2. Assist in the identification and reduction of synthetic stones
being labelled as authentic3. Increase speed of transparency for cross border
transactions for insurance companies, banks and claimants
12Page© 2016 IBM Corporation
Legitimize Diamonds and Reduce Fraud
What?• Track diamonds across supply chain from mine to retail
How?• Shared ledger for storing digital certification with supporting
material
Benefits1. Protect against the occurrence of fraud, theft, trafficking
and black markets2. Assist in the identification and reduction of synthetic stones
being labelled as authentic3. Increase speed of transparency for cross border
transactions for insurance companies, banks and claimants
© 2017 IBM Corporation 13
IBM is making blockchain real for business with over 400 engagements and multiple active networks
Trade Finance Pre and Post Trade Complex Risk Coverage
Identity/ Know your customer (KYC) Unlisted Securities/ Private Equity Funds Loyalty Program
Medicated Health Data Exchange Fraud/ Compliance Registry Distributed Energy/ Carbon Credit
Supply Chain Food Safety Provenance/ Traceability
14Page© 2016 IBM Corporation
– Identifying a good blockchain use-case is not always easy!– However there should always be:
What makes a good blockchain use case?
1. A business problem to be solved• That cannot be solved with more mature technologies
2. An identifiable business network• With Participants, Assets and Transactions
3. A need for trust• Consensus, Immutability, Finality or Provenance
15Page© 2016 IBM Corporation
What makes a good first blockchain use case?
1. A limited scope, but still solves a real business problem• Minimum Viable Product in a few weeks of effort
1. A smaller business network• Usually without requiring regulators and consortia
2. Allows for scaling with more participants and scenarios• Consider shadow chains to mitigate risks
Start small, succeed and grow fast!
©2018 IBM CorporationIBM Financial Markets and Banking
IBM Blockchain Engagement Model
Ideation
IGNITE
DESIGN
Design & Solution Workshop
Apply business domain expertise and Blockchain technology expertise to derive a adoption model that enlists and surfaces hurdles challenges and factors in the costs and economic viability of the Blockchain solution
REALIZE
First Project MVP Build
SCALE
Scale Out
1. Scaling up the solution by expanding the participants and consensus procedures involved in the Blockchain ecosystem
2. Investigating integrations with existing systems and reduce redundant processes through re-engineering
1. Design, build and deploy the MVP in a short period of time
2. Validate MVP against a pilot user base for immediate feedback. Test and rapidly adjust MVP as needed.
1. Align Business and IT goals and define the MVP Statement.
2. Create a concept design for the MVP
1. Assess proposed initiative
2. Substantiate selected Use Case
Design Thinking UX and Visual Design Lean Startup Xtreme Programming DevOps16
© 2016 IBM Corporation
Thank you!
Christian LassenNordic Leader, IBM Blockchain
[email protected]+45 41 20 10 93