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Blockchain - Closer than it Appears
- 1. Blockchain – Closer than it Appears Stephen Newell Blockchain Leader US Public Sector IBM Corporation srnewel@us.ibm.com 8/14/18
- 2. Blockchain is being called society’s next big transformative technology. What is blockchain? In a nutshell, it’s an incorruptible and transparent ledger of digital transactions. It might not sound exciting, but the possibilities are nearly endless. Entire industries, particularly the financial sector, might very well be turned upside down. This session explains why blockchain will be a game- changer – and sooner than we might think.
- 3. Distributed ledger Complete history Tamper-evident Transparent What is blockchain? A blockchain is a list of transactions shared between multiple parties where the new transactions are added at the end, never deleted, and never changed. Ledger for an asset Financial account Digital Physical Transactions
- 4. Peer-to-peer economy Disintermediate Reduce friction New business models New markets Uses cryptocurrency Disruptors Network collaboration Improve: efficiency cycle time info quality / security compliance No cryptocurrency Enterprises Endless possibilities Public Private Any two strangers (or systems) on the planet can trade directly with each other. Improve processing and lower risk between known partners Thesestatementsarebroadgeneralizationsandnottrueinallinstances.
- 5. Game-changer for Financial Bank A Bank B A B A B Cryptocurrencies 1786 types $232 B market value* * coinmarketcap.com on 8/9/18
- 6. Game-changer for Supply Chain Transparency Rapid traceback TradeLens Maersk / Hamburg-Sud Shippers / Handlers / Ports / Customs Food Safety Walmart / Kroger Growers / Shippers / Processors Digitize documents and signatures Faster and more secure
- 7. Game-changer for State and Local Government Corporate records - Delaware Mobile voting – West Virginia Property transfer – Cook County Identity - Illinois
- 8. Game-changer for Other Industries Healthcare - payers / providers exchange payment / claims data Higher education – digitally signed credentials / degrees IoT – transactions between devices MLB – sell and trade “digital avatars” for “popular moments”
- 9. How close? It’s early Lot’s of hype. Expect some winners and a lot of cancelled projects Flurry of experimentation Great time to learn with a proof-of-concept Early adopters are in production Agencies will be invited in for oversight It’s real and growing
- 11. More info Topic Description Link NASCIO report Blockchains: Moving Digital Government Forward in the States https://www.nascio.org/Publications/ArtMID/485/ArticleID/496/Blockchains-Moving-Digital-Government-Forward-in-the-States CompTIA report Harnessing the Blockchain Revolution https://www.comptia.org/resources/harnessing-the-blockchain-revolution-comptia-s-practical-guide-for-the-public-sector NIST report Blockchain Technology Overview (draft) https://www.nist.gov/news-events/news/2018/01/nist-report-blockchain-technology-aims-go-beyond-hype Topic Description Link Get started with Composer Use Composer in your browser or download a copy to run locally. Has links to tutorials, documents, and community. https://hyperledger.github.io/composer/latest/ Blockchain Developer Center IBM developerWorks landing page for tools, tutorials, code, and community. https://developer.ibm.com/blockchain/ Download Hyperledger Fabric Various signed Docker images for download. https://hub.docker.com/u/ibmblockchain/ github IBM Blockchain page for code samples, documentation, issues https://github.com/IBM-Blockchain Zero to Blockchain IBM Redbooks course to build a blockchain application http://www.redbooks.ibm.com/abstracts/crse0401.html?Open GovtDeveloper Topic Description Link Introduction Blockchain for Dummies https://www-01.ibm.com/common/ssi/cgi-bin/ssialias?htmlfid=XIM12354USEN Getting started The Founder’s Handbook https://www-01.ibm.com/common/ssi/cgi-bin/ssialias?htmlfid=28014128USEN IBM Academic Initiative Blockchain resources for educators and students. Includes six months no-charge use of cloud blockchain services https://www.ibm.com/blogs/blockchain/2017/08/blockchain-in-academia-training-for-students-and-educators/ IBM blockchain Landing page to explore the platform, start developing, and more https://www.ibm.com/blockchain/ IBM
- 12. Business network of multiple organizations • Multiple parties with shared control of data • More than one entity reading or writing transactions to a database • There is value in shared data and process; esp. consistent structured information • Routine or logical interactions could be programmed to self-execute • Friendly ecosystem • Everyone would benefit • Consider how partners could come together • Think BIG. The bigger the circle and more partners, the better. Fragmented and slow business processes • Lots of people, process, paper • Need transparency of business process • Frequent transmission of data files • Redundant business processes • Heavily regulated Significant reconciliation efforts • Integrity problems with shared data • Potential for fraud • Lack of trust between parties • One party will not accept the ‘truth’ as reported by another party • Islands of information with lots of cross-reconciliation • Frequent audits • Order of transactions is important Difficulty in tracing an asset • Need cradle-to-grave history • Need more visibility • Need one shared record of truth that cannot be altered ExamplesCharacteristics of a good use case Credentialing of professionals Trading renewable energy credits Tracking evidence / chain-of-custody CAFR reporting Maintaining vital records / identity Health provider registry Tracking and processing permit applications Tracking payday loans Tracking grant funds Consent management Create and maintain corporate records Tracking and data sharing on opioid abuse Tracking medical marijuana seed-to-dispense Data sharing between agencies with blockchain controlling access Secure data sharing for process outsourcing Tracking benefits to recipients and outcomes External review of denied medical claims Blockchain for state government