The Quest for Enterprise Blockchain Solutions.
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Transcript of The Quest for Enterprise Blockchain Solutions.
Blockchain for Enterprise:• Exponential Tech & Macro• 5 Pillars / 3 Layers• Solution Designs Examples• Standards & Protocols• Conclusion
I Can Haz Blockchain?
Where to begin?
Search for Blockchain Enlightenment
Let’s take a quick Step Back
Linear Vs
Exponential
As humans we think linearly…
…but the world is changing exponentially
Unmanned CompanyRaises 100M
Welcome to the new economy
(Some of) what is being explored today:
The 5 Pillars & 3 Layers
to Enterprise Blockchain Solution Design
Blockchain Considerations• Bitcoin does 220m Transactions Per Year. • Ethereum has a dynamic scaling capacity.• Customer Data Privacy & Security. • Legacy Infrastructure is not going to be
scrapped.
Permissioned/Private Decentralized/
P2PImmutability & Data Integrity
Scalability
Security
1.2.
3.4.
5.
The 5 Pillars
1. Permissioned/PrivateWriting records is exclusive to members, third parties can be granted read access, with the general public excluded. The permissions architecture goes beyond ‘access = everything’ and allows third party access to specific raw data, as deemed appropriate, for interoperability and application requirements.
2. Decentralized/P2PAllowing for equal control over the shared database between all permissioned participants and of equal importance; distributing the number of full copies of the ledger to maximize probability that there will always be a complete record in existence and available for those with permissions to access.
3. Immutability & Data IntegrityRecords are guaranteed to be cryptographically secure, with no possibility for bad actors to threaten data integrity.
4. ScalabilityThe ability to secure trillions of transactions or records without compromising the networks synchronization, security, accessibility or data integrity.
5. SecuritySupport for data encryption and the management & enforcement of complex permission settings for participants and 3rd parties.
The 3 Layers
Blockchain Layer:
Used for: 'Pointers‘
Pillars: #2 - Decentralized/P2P, & #3 - Immutability & Data Integrity
The Blockchain Layer doesn't need: Business Logic (complex permission structures), Data Storage, etc
Data-Store Layer:Used for: Encryption, Business Logic (permission structures), Data Storage, etc
Pillars: #1 - Permissioned/Private, #4 - Scalability & #5 - Security
The Data-Store Layer doesn't need: Open-Access or limited transaction payloads due to block sizes or other public blockchain constraints.
MERKLE ROOT
Application Layer:Used for: Processing the first two layers into a useful business application.
Pillars: None
The Application Layer doesn't need: Any of the Blockchain or Data-Store layer functions or considerations.
Externally Aware Thinking
Where does Ethereum & Smart Contracts fit in?
Ethereum is an application platform on top of blockchains (With it’s own Blockchain) - like we have java and other application platforms on top of regular databases. Choose and replace the application platform to fit use-cases.
Externally aware smart contracts:
Program Value:
Smart contracts = Business LogicIf blockchains are good at making sure data is accurately replicated across untrusted entities, smart contracts are good at making sure logic is accurately executed across untrusted entities.As far as current ways of ensuring that exactly the same logic is followed between two entities, our best tool is automatic reconciliations of data before and after a process. With blockchains and smart contracts, the technology guarantees the process.
Quick Examples of Blockchain Solution Designs
Bank Feeds on the Blockchain?• Bank writes an encrypted data record for
Customer[c] to the Private Data Store.• Bank broadcasts a transaction under
Customer[c]’s address to the Blockchain with a pointer to the data record.
• Third-party [Intuit] was monitoring for transactions under Customer[c]’s address and reads the pointer.
• Third-party[Intuit] initiates a key exchange with the Bank to retrieve a shared secret for the data record.
• Third-party[Intuit] uses the shared secret to decrypt the data record and can now read the transactional data from the Private Data Store.
Post-Trade Settlement for Cross Border transaction?
Post-Trade Settlement for Cross Border transaction?
Federated Invoicing on the Blockchain?
Evolving Standards & Protocols
25+ years ago:
• Remember “Open Systems Interconnection,” (OSI)?• Supported by Countless Countries, Engineers &
Companies• “OSI is a beautiful dream, and TCP/IP is living it!”
Conclusion:
• Enterprise Blockchain – Separate Design into Layers.
• Blockchain is Exponential Technology – Evolving fast.
• Networks ALWAYS end up demanding inter-operability:
• Have an early plan with the future in mind.
