making blockchain real for business€¦ · making blockchain real for business ibm blockchain may...

1 Page © 2016 IBM Corporation © 2017 IBM Corporation

Making Blockchain Real for Business

IBM Blockchain

May 28, 2018

Christian Lassen

Nordic Leader, IBM Blockchain

[email protected]

+45 41 20 10 93

5 Page © 2016 IBM Corporation

Blockchain benefits

Saves

time

Removes cost

Reduces risk

Increases trust

Transaction time

from days to near

instantaneous

Overheads and

cost intermediaries

Tampering, fraud

& cyber crime

Through shared

processes and

recordkeeping

Global Financing: Dispute Resolution

What?

• IBM Global Finance provides a $41bn channel financing per year. There are a number of disputes that take time to resolve and can lock up transactions costing time and money

How?

• Blockchain provides visibility and provenance

end-to-end across supply chain

Benefits

1. Reduced dispute resolution time by 75%

2. Released working capital from $100m

3. Combine IGF and Supplier info to further expand benefits further

4. In production since Sept 2016

Distribution - Maersk

11

The case for a better way

15

What?

• Provide a trusted source of information and traceability to

improve transparency and efficiency across the food

network.

How?

• Shared ledger for storing digital compliance

documentation, test results and audit certificates network.

Benefits

• Reduce impact of food recalls through instant access to

end-to-end traceability data to verify history in the food

network and supply chain.

• Help to address the 1 in 10 people sickened and 400,000

fatalities WW which occur every year from food-born

illnesses.

Food Safety


Legitimize Diamonds and Reduce Fraud

What?

• Track diamonds across supply chain from mine to retail

How?

• Shared ledger for storing digital certification with supporting

material

Benefits

1. Protect against the occurrence of fraud, theft, trafficking

and black markets

2. Assist in the identification and reduction of synthetic stones

being labelled as authentic

3. Increase speed of transparency for cross border

transactions for insurance companies, banks and claimants

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What?

• Create and promote a secure, efficient and scalable

exchange of health data using blockchain technology.

How?

• Blockchain technology will be used to create an

electronic ledger of where and how data is transferred

and exchanged

• Initial trial focus on oncology data

Benefits

• Creating an audit trail through the ledger, healthcare

professionals will be able to:

– hold information leakers accountable

– maintain transparency in what data is going where

– secure weak spots in the sharing process

IBM and FDA Partnership

Trade Finance – Digital Trade Chain

This new product will simplify trade finance processes for companies by

addressing the challenge of managing, tracking and securing domestic

and international trade transactions. Companies can easily and

efficiently trade with more trust.

The commercialisation of the platform is expected in Q2 2018. From

February 2018 test clients of the founding banks will be able to use the

platform.

NORDEA JOINS FIRST BLOCKCHAIN-BASED

TRADE FINANCE PLATFORM AS FOUNDING

PARTNER

CONSORTIUM IS, IN CONJUNCTION WITH IBM,

DEVELOPING A PLATFORM BASED ON

DISTRIBUTED LEDGER TECHNOLOGY (DLT) THAT

AIMS AT MAKING DOMESTIC AND CROSS-BORDER

COMMERCE EASIER, SAFER AND MORE

EFFICIENT FOR COMPANIES


Bicycle shop -Registers lock with

bike

-Transfers ownership

LoRa Lock - Registers

open / close

status

- Registers

location

Police - Register ‘notice’ of

owner of lost / stolen

bike

- Registers bikes that

are found

Insurer -Validates stolen claim

-Update claim status

-Pays out insurance

Owner -Deregisters bike (wreck,

disposed)

-Reports bike stolen

-Transfers ownership

Bicycle

manufacturers - Registers new bikes

- Transfers ownership

Business Networks - enabling game changing disruptive business patterns in local government


GDPR - ’Right to Erasure’

• One of the GDPR requirements is the right to erasure when an individual asks an organization that has their personal data to completely remove that data

• The organization then has a limited time to comply. The blockchain ledger is append-only and immutable — there is no “undo” button after a write, and the chain of blocks contains historical transaction information that goes all the way back to when the blockchain was created

• That can be a challenge for applying blockchain to GDPR

• To comply with GDPR, no personal data should be put on the blockchain directly

• Techniques exist to deal with this, which consist of putting a cryptographic hash on the chain or the “evidence” instead of the actual data

• The actual data resides in a off chain database, only the cryptographic hash is exposed to the chain

• With this structure personal data can be deleted when needed

© 2017 IBM Corporation 23

IBM is making blockchain real for business with over 400

engagements and multiple active networks

Trade Finance Pre and Post Trade Complex Risk Coverage

Identity/ Know your customer (KYC) Unlisted Securities/ Private Equity Funds Loyalty Program

Medicated Health Data Exchange Fraud/ Compliance Registry Distributed Energy/ Carbon Credit

Supply Chain Food Safety Provenance/ Traceability

©2018 IBM Corporation IBM Financial Markets and Banking

Linux Foundation Hyperledger : the basis of IBM’s investment in blockchain

– A collaborative effort created to advance cross-industry

blockchain technologies

– Announced December 2015, now over 190 members, including

DTCC, CLS, DBAG, BBVA, SAP, BoE, Oracle etc

– Open source, open standards, open governance

– One active framework (“Fabric”) and four incubators

– IBM is a premier member of the Hyperledger Project

www.hyperledger.org

Brian Behlendorf

Executive Director

Blythe Masters

Board Chair

Chris Ferris

TSC Chair

25

http://www.hyperledger.org/


IBM Blockchain Platform overview

• The only fully integrated enterprise-ready blockchain platform designed to accelerate the development, governance, and operation of a multi-institution business network

• Based on Hyperledger Fabric V1 runtime optimized for enterprise requirements

• Specialized compute for security, performance and resilience

• Delivered via the IBM Cloud on a global footprint with 24x7 Integrated Support

• Full lifecycle tooling to speed activation and management of your network

Develop

Explore and accelerate development time with

tools that ensure close alignment between

business leaders and developers

Govern

Speed activation, customization and

management of your business network with

democratic, multi-party governance tooling

Operate

Deploy and operate always-on networks

with production-ready enterprise performance

and security for most demanding use cases

[http://ibm.biz/Platform_Demo] 27

http://ibm.biz/Platform_Demo

28

IBM Blockchain Platform Starter Plan Live! Free beta.

• Enable fast start - preconfigured kick-starter default

network for demos, POCs and education

• Least expensive way to get IBM Blockchain Platform

experience

• Prebuilt and supplied industry examples

• Environment to enable iterative development prior to

production deployment

• Same experience as Enterprise, no scaling back

functionality

https://www.ibm.com/blockchain/platform/

https://www.ibm.com/blockchain/getting-started.html

https://www.ibm.com/blogs/think/2018/03/extending-the-blockchain/

https://www.ibm.com/blockchain/platform/










– Identifying a good blockchain use-case is not always easy!

– However there should always be:

What makes a good blockchain use case?

1. A business problem to be solved

• That cannot be solved with more mature technologies

2. An identifiable business network

• With Participants, Assets and Transactions

3. A need for trust

• Consensus, Immutability, Finality or Provenance


What makes a good first blockchain use case?

1. A limited scope, but still solves a real business problem

• Minimum Viable Product in a few weeks of effort

1. A smaller business network

• Usually without requiring regulators and consortia

2. Allows for scaling with more participants and scenarios

• Consider shadow chains to mitigate risks

Start small, succeed and grow fast!


IBM Blockchain Engagement Model

Ideation

IGNITE

DESIGN

Design & Solution

Workshop

Apply business domain expertise and Blockchain technology expertise to derive a

adoption model that enlists and surfaces hurdles challenges and factors in the

costs and economic viability of the Blockchain solution

REALIZE

First Project MVP Build

SCALE

Scale Out

1. Scaling up the solution

by expanding the

participants and

consensus procedures

involved in the

Blockchain ecosystem

2. Investigating integrations

with existing systems

and reduce redundant

processes through re-

engineering

1. Design, build and deploy

the MVP in a short period

of time

2. Validate MVP against a

pilot user base for

immediate feedback. Test

and rapidly adjust MVP

as needed.

1. Align Business and IT

goals and define the

MVP Statement.

2. Create a concept design

for the MVP

1. Assess proposed

initiative

2. Substantiate selected

Use Case

Design Thinking UX and Visual Design Lean Startup Xtreme Programming DevOps

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