El nuevo Paradigmadel Blockchain

Joaquin MorenoBlockchain Practice Leadat Globant @joaquinmoreno

GLOBANT TODAY

From inception, we have benefited from strong organic growth and have built a blue-chip client base comprised of leading global companies.

We have built a roster of world class clients, many of which are at the forefront of emerging technologies.

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5,300+ EMPLOYEES

35 DEVELOPMENT CENTERS

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History2003 2006 2008 2009 2012 2014 2015 2016

Founded Signed Google Riverwood Capital and FTV Capital invested

Studios launch WPP InvestedListed on NYSE

(1st Latam IT company) Follow on SoP launched

Globant

IDC Vendor Assessment

IDC MarketScape Worldwide Digital Strategy Consulting 2016 Vendor Assessment

Capa

city

EY

Participants

Competences

Major vendors

Leaders

Roland Berger

Bain

KPMG

A.T. Kearney Capgemini

BCGCognizant

BearingPoint

Razorfish

CSC

DigitasLBi

SapientNitro

PWC

Deloitte

GLOBANT

Accenture

IBM McKinsey

Strategy

IDC Report

“Worldwide, Globant is seen as the most capable of all firms at envisioning, planning, and

designing enterprise wide digital strategy, as well as the IT road maps required to support such

initiatives. Clients also regard Globant as highly skilled at meeting project timelines and designing

new or improved business processes.”

Worldwide Leader

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Intro Which problem does it solve?How does it work?Blockchains

ApplicationsBlockchain Problem FunnelUse cases

Challenges

A glimpse into the future

Heading

Which problem does it solve?

1) Byzantine General Problem

100

100

100

100

100

Attack 9pm

Attack 9pm Attack 8pm

Attack 8pm

300

100

2 Simple Rules1) Add the previous message to your message.2) It takes 10 minutes to write the message.

2) Double Spend

1) Byzantine General Problem

2) Double Spend

Source ofTruth

Fuente deConfianzaMathematics

Communications

Transaction Broadcast Propagation Validation Blockchain

Input Amount Output

Metadata

10 min

Proof of Work

How does it work? (Bitcoin)

Blockchain(s)

Transactional Blockchains

Consensus Algorithm

Logic Optimized Blockchains

X min

Consensus Algorithm

Only Transactions

X min

<code>

Transactions +

< code > (software/logic/smart contract)

Output(commands, trx,

etc.)

Input(oracles,

commands, trx, etc.)

Type of blockchains

States

SidechainsBTC

Corda

Other blockchains

Original Base Source: https://docs.erisindustries.com/explainers/blockchains/

Logic Optimized

Transaction Optimized

PermissionedUnpermissioned

ETHEREUM

Alt-Coins + Sidechains

Corda

Blockchains Quadrants

APPLICATIONS

PROBLEM

Multiple parties exchange information?

Parties need to trust on the information exchanged?

YesIntermediaries are NOT trustworthy?

Yes

Enhance security is required?

Yes Yes

BLOCKCHAI

N

CAN

HELP

Blockchain Problem Funnel

Provenance

Documents Management&Trade Finance

Problem Inefficient (siloed) and unreliable communication between SC parties.

Use Cases

Logistics

Data Base RFID GPS

Current Scenario

Farm Transp. Outbound Transp. Factory Transp. Storage Transp. Store

Logistics

Farm Transp. Transp. Factory Transp. Storage Transp. Store

RFID GPS

Blockchain Scenario

CustomerOutbound

Logistics

Provenance

Wine ( US$1billion)

DiamondsElectronicsArtHorsesBicycles Mining (samples)

Problem CounterfeitInefficient tracking systems

Use Cases

Food ?

High End Products

Medication Provenance

Test Management

Problem Counterfeit medicineTest management

Use Cases

Pharmaceutics

Asset DepositoryCustodyCurrency SwapsTrade capturingPayments (interbanks)Equity ContractsMicro LendingSyndicated Loans

Problems Clearing and Settlement

Use Cases

Finance

Self-sovereign Digital Identity

Access to Buildings, Banks, any on-line service.

Passports, etc.

Expensive and time consuming KYC processes. Leakage risks. Single P-o-Failure

Problem

Use Cases

Identity

Problems

Use Cases Register and selling digital content

Revenue distribution

Pay-per-use

CopyrightsPayments

Content, Media, Marketing

Provenance

Devices smart contracts

Machines Identification

Problem Secure communication between devices.

Use Cases

IoT

Car Insurance Check

Payments Executions

Private Quotations

Mutual Insurance

Problems Counterfeit insurance certificatesAuthorities and regulators unable to control.

Use Cases

Insurance

Problem

Use Cases Voting

Records

DAO (Decentralized Auton. Organiz)

Non-transparent and Centralized systems. Paper-based/manual filing. Bureaucracy.

Governance

Stamp the certificate/diploma information on the blockchain.

Verify professional skills in disaster áreas.

Problem Fake Diplomas/Certifications. Trust in a 3rd Party database to verify (fee).

Use Cases

Education

Problem

Use Cases Share electricity

Pay-per-energy-charged

Optimize Network utilization

Fixed pricesInefficient network use

Energy

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Medical Records

Interoperability (More control to patients)

Problem Data availability and privacy

Use Cases

Healthcare

Challenges

1) Scalability2) Privacy3) Security4) Storage5) Standards6) Key Management7) Industry Consensus8) Regulation

5 to 7

15

100

155

2000

Challenges

1) Scalability2) Privacy3) Security4) Storage5) Standards6) Key Management7) Industry Consensus8) Regulation

1) What kind of information will be available on a public ledger?

2) Do I want that all the members of a private blockchain be able to see all the information that I exchange on it?

Challenges

1) Scalability2) Privacy3) Security4) Storage5) Standards6) Key Management7) Industry Consensus8) Regulation

1) What if the cryptographics techniques are broken?

Challenges

1) Scalability2) Privacy3) Security4) Storage5) Standards6) Key Management7) Industry Consensus8) Regulation

1) How much information can be stored on a blockchain?

2) How can I manage to store large amount of information and keep with the same level of trust?

Challenges

1) Scalability2) Privacy3) Security4) Storage5) Standards6) Key Management7) Industry Consensus8) Regulation

1) Which is the standard to connect different blockchains?

2) Is OK to have standards today when the technology is just at its infant stage?

Challenges

1) Scalability2) Privacy3) Security4) Storage5) Standards6) Key Management7) Industry Consensus8) Regulation

1) How should the private keys be managed?

2) Is it there any process to recover the password?

Challenges

StealIdentity

BlockchainTraditional DB

Edit the past

StealIdentity

CAN´T Edit the past

Identity Management

Blockchain Security to the Edge

1) Scalability2) Privacy3) Security4) Storage5) Standards6) Key Management7) Industry Consensus8) Regulation

1) Is it possible to get consensus between competitors?

Challenges

1) Scalability2) Privacy3) Security4) Storage5) Standards6) Key Management7) Industry Consensus8) Regulation

1) How is going to be regulated?

Challenges

A glipse to the future

ETHEREUM

Exchanges

PermissionedUnpermissioned

Storage

Private

Private

Blockchain Ecosystem

COMPUTATIONAL PROBLEMS SOLVED1) General Bizantine (nodes communications) 2) Double Spend (digital asset uniqueness)

USE: Create trustworthy communications between humans and machines

BASIC STEPS (Bitcoin)Trx creation -> Trx Broadcast -> Trx Propagation -> Block Validation - > Link to other blocks

BLOCKCHAIN TYPES1) Transactional: Bitcoin, other cryptocurrencies2) Logic Optimized: Ethereum, Eris, etc.3) Unpermissioned: Open to anyone4) Permissioned: Only members

BLOCKCHAIN PROBLEM FUNNEL

INDUSTRY USE CASESLogistics | Healthcare | Pharmaceutics | Finance | Identity | High-End Products | Content | IoT | Insurance | Governments | Education | Energy | Gaming | Robotics | Defense

CHALLENGESScalability | Privacy | Security | Storage | Standards | Key Management | Industry Consensus | Regulation

FUTUREEcosystem integrated with storage solutions

Joaquin MorenoBlockchain Practice Lead at Globant

@joaquinmoreno | joaquin.moreno@globant.com

Summary