BLOCKCHAIN - ETDA · 2018-07-24 · WHY BLOCKCHAIN IMMUTABILITY Transaction cannot be altered once...
Transcript of BLOCKCHAIN - ETDA · 2018-07-24 · WHY BLOCKCHAIN IMMUTABILITY Transaction cannot be altered once...
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What is it & Why?
BLOCKCHAIN
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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
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HOW ABOUT THIS?
Approve to
sell Load to truck Ship to site Site unload
Dealer
Data
Total 3 – 4 days
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WHY IT WON’T WORK
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FAKE DATA
HACKING
NON-STANDARD PLATFORM
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BLOCKCHIAN TECHNOLOGY TO SOLVE DIGITIZATION ISSUES
Inefficient, expensive, vulnerable
to be solved by Blockchain
technology
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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.”
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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
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NEXT WAVE OF FOUNDATION TECHNOLOGY AFTER INTERNET ERA
INTERNET EVOLUTION
1973
TCP/IP
1990
www /
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.
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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
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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
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So, Blockchain is not only about
Cryptocurrency
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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
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Q & A