Presentation by Jesús Ruiz Head of Industry 4.0 Activities, Grupo Santander FIWARE Tech Summit 28-29 November, 2017 Malaga, Spain

1. NATIONAL MULTI-INDUSTRY BLOCKCHAIN CONSORTIUM
MALAGA, NOVEMBER 2017

2. The society of the future is Smart

3. EVERYTHING
is interconnected

4. Suppliers
Factory
Retailer
Final
product
Customer
Social network
data
Product
usage
Material flow
Logistics Logistics
Digital Ecosystem Transformation
● Beyond individual company
digital transformation
● Beyond data sharing
● Secure value exchange
● Avoiding central entities
(companies are peers)
● Avoid power imbalances in the
ecosystem
Extended
Manufacturing Process
Universal Collaborative
Platform

5. Suppliers
Factory
Retailer
Final
product
Customer
Social network
dataExtended Manufacturing Process
Product
usage
Platform
Material flow
Logistics Logistics
Blockchain allows ecosystem digitization
● Via tokenization of real assets
● Data + Behaviour: Smart
Contracts
● Digital Twins interact with each
other inside the blockchain
● Smart Contracts can combine
behaviour of several Digital
Twins
“Digital Twins”

6. National Blockchain Network
Suppliers
Factories
Logistics Logistics Retailer
Final
product
Customer
Social
networks
Usage
data
Blockchain
Self-Sovereign Identity
Permissioned Privacy
Resiliency
Smart
Contract
Smart
Contract
Smart
Contract
Smart
Contract
Smart
Contract
Smart
Contract
Services developed by Alastria members
Members collaborate
on the infrastructure
Not for-profit association, open to everyone

7. National Blockchain Network
Suppliers
Factories
Logistics Logistics Retailer
Final
product
Customer
Social
networks
Usage
data
Blockchain
Self-Sovereign Identity
Permissioned Privacy
Resiliency
Smart
Contract
Smart
Contract
Smart
Contract
Smart
Contract
Smart
Contract
Smart
Contract
Services developed by Alastria members
Members collaborate
on the infrastructure
Members compete on
the applications

8. Blockchain
Self-Sovereign Identity
Permissioned Privacy
Resiliency
Smart
Contract
Smart
Contract
Smart
Contract
Smart
Contract
Smart
Contract
Smart
Contract
Services developed by Alastria members
● Public-Permissioned blockchain platform
● Private and Public Smart Contracts
● Digital Identity of legal validity, based on
Self-Sovereign Identity (SSI) model
● Distributed and Secure Storage
architecture
● Resilient: the platform will be operated as
a critical infrastructure
National Blockchain Network

9. Public-Permissioned blockchain
9
Validator
nodes
Participant
nodes
✓No cryptocurrencies needed
✓Only authorized nodes can participate
✓Does not depend on a single entity, but on a
trusted validators set => It’s not 100%
“trustless”, pero it’s good enough
✓Allows simpler consensus algorithms (with
respect to “proof of work”)
✓Transaction finality
✓Much higher performance and scalability
… but needs implementation of a Distributed
Governance Model
Gateway
nodes

10. From the “isolated” identity
To the “sovereign” identity
The evolution of digital identity

11. Low
Medium
High
Levels of
Assurance
Identity verification processes
(examples)
Self-attested
Based on current
KYC
Notarization of DNIe
and other docs
Uses of
Alastria ID
Register in
web sites
Purchase of low value
goods/services
Mortgages and other
high-value products
• Allows implementing products and services complying with Spanish (and
European) regulation.
• Self Sovereign Identity (SSI), for protection and empowerment of the user.
Alastria ID: Legal Identity on the Blockchain

12. Suppliers
Factory
Retailer
Final
product
Customer
Social network
dataExtended Manufacturing Process
Product
usage
Platform
Material flow
Logistics Logistics
What could be the role of banks?
Exchange of value among
Digital Twins needs “Digital
(tokenized) Fiat Money” and
innovative financial services

13. USC: Utility Settlement Coin
Create a universal token to exchange liquidity globally between financial counterparts,
backed by fiat funds held in central bank accounts (sort of “pseudo-central bank”).
Smart
Contract
On
Distributed
Ledger
Fiat currency on deposit
in a CENTRAL BANK
Converted to digital tokens
Banks settling multi-
currency cash
obligations between
each other directly

14. • Targeted at:
✓ SME’s
✓ Open account
✓ Eurozone
• Currently there is a risk that either buyer or seller
(depending on their negotiation power) has to normally
take:
• The buyer pays the seller in advance
• or the seller ship the goods before payment.
• The We.trade platform thanks to the blockchain
technology allows participants to digitally and securely
conclude agreements Seller
We.trade
platform
Blockchain
Shipper
Buyer
Import Bank Export Bank
Over 20 million of SMEs in Europe
80% of European trade ocurrs on open account
We.trade: Trade Finance

15. Digital Twins Innovation Hubs
Digital Twins from many
companies are available in a
test form
Smart
Contract
Smart
Contract
Smart
Contract
Smart
Contract
Smart
Contract
Smart
Contract
Innovative services combining tokenized assets
● Beyond Open Data
● Beyond Open APIs
Blockchain
Self-Sovereign Identity
Permissioned Privacy
Resiliency
Entrepreneurs, Start-ups and innovative companies

16. MALAGA, NOVEMBER 2017