Blockchain 101 talks about blockchain from a very basic perspective (non-technical). This presentation gives you an idea of what blockchain really is beyond cryptocurrency, different types of the blockchain, components of a blockchain, essentials of the blockchain, and myths about blockchain. this presentation also throws light on major applications of the blockchain , its advantages and limitations, major consortiums and startups in this space and the timeline of development. we also tried to include how a use case for blockchain can be identified and how startups need to go about building a blockchain product or services
This presentation was developed by Jithin Babu and Sakshi Manthanwar. Both of them are blockchain researchers and consultants.
For more info regarding presentation kindly contact
jithinbabu555@yahoo.com
3. â"What the internet did for
communications, Blockchain will
do for trusted transactions.â
-IBM Chief Executive Ginny Rometty.
4. Blockchain: Disruptive Innovation
Distributed digital ledger containing immutable,
cryptographically secure transactions added only by
peer consensus and governed with auto-triggering
smart contracts, eliminating the need of third party
intermediaries.
Simply put, blockchain is a
Digitally protected, de-centralised, distributed ledger.
5. Ledgers are everywhere
Any time we need a consensus about facts, facts
underpinning the modern economy.
Why?
â Ledgers confirm ownership
â Ledgers confirm identity
â Ledgers confirm status
â Ledgers confirm authority
11. Myths Busted
With every new
technology, there
is hype and there
is reality.
Myth 1. There is a Singular Blockchain
Myth 2. Blockchain is All About Money
Myth 3. Blockchain and Bitcoin are the Same Thing
Myth 4. Blockchain is the Solution to Fraud
Myth 5. Blockchains are Immutable
Myth 6. Blockchain is Cost Effective and Cheap
Myth 7. Only Big Companies Can Use Blockchains
33. Multiple parties use the data , want to update the data
Transactions are interdependent on each otherâs transactions
CUMBERSOME TO TRACK THE progress of the requested transactions
Risk and severity of fraudulent transactions is very high
Intermediaries are adding cost delays complexity
Mandatory requirement for verification of transactions
Manual document processing and reconciling the information
Two transaction parties only trust a third party intermediary
Assets need to be backed up in real time
How to
Identify the
Use - Case
34.
35.
36. Benefits Drawn by implementation of Blockchain Technology
NASDAQ LINQ
Trade recording reduced from 3
days to 10 mins andsettlement risk
exposure resdused by 99 %.
Kotak Mahindra
Cross border remittance initially
taking about 2 days reduced to
near real time
IBM Supplychain finace
Supply chain financing solution
can be reduced from 12 â 16 days
to less than 2 days .
BNP Paribas Securities
Is planning to adopt blockchain for
$747bn assets.
Barklays- Wave
Trade finance transactions
brought the signoff time from 10
daysa to 4 hours. Reduced cost
added trnsparency and improved
customer experiance
Northern Trust Bank
Estimates saving of 6bn annually
in streamlining and clearing and
settlement cash securities.
37.
38.
39. Approach to Build Your Blockchain Empire
Discover
â˘Develop key understanding of the technology, Identify which problems need to be addressed
â˘Asset gaps, re-engineering processes, Re-Allign stakeholders â workshops explaining intent,approach and benefits
Analyze
â˘Feasibility analysis- Operational effectiveness
â˘Risk Assesment : Impact to existing system
â˘Regulatory compliance assessment
Define
â˘Design in house
â˘Start with non-permissioned public ledgers, Go private/permissioned ledgers or consortium
â˘Define distributed network, roles, smart contractsSpeed, stability, scale, data limits, privacy for eyes
Implement
â˘Collaborate- design inoperatability and standards, Patner with fintech and build the stack
â˘Sandbox tests Pocs for defined processes,Test for transaction stability security scalability and BCP
Go Live
â˘Rollout plan identify stable geographies
â˘Gap assessment immediate fixes
â˘Fine tune if no cost , turn around time etc gains
42. Jargons.. Just for fun
â HODL â âHODLâ was originally a typo for HOLD
â TO THE MOON - a cryptoâs upward momentum
â ADDY - cryptocurrency public address (or key)
â ATH â All time high
â WHALE â a trader with a fat account
â REKT â a misspelling of âwreckedâ
â FUD - Fear, uncertainty, and doubt