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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