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Digital Transformation and Blockchain

Kellton Tech Solutions Ltd
1 May 2017
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Digital Transformation and Blockchain

  1. Kellton Tech Digital Transformation & Blockchain Technology Presented By: Digital Connected Enterprise (DCE) Team: Praveen K. Chhangani – Director – IBM Solutions Vikas Chilimkoti – Sr. Manager - Marketing Operations
  2. Agenda Kellton Tech Who we are What we do Digital Transformation What Why Blockchain Technology Fundamentals Blockchain Demo on IBM’s Digital Innovation Platform: Bluemix
  3. Key Facts 2 2 FOUNDATION FOOT PRINT CLIENTELE CORE STRENGTH OWNERSHIP TEAM SIZE Reston, VA Princeton, NJ Delhi Hyderabad Guwahati Lucknow Cupertino, CA Chicago, IL Dublin, Ireland Houston, TX London, UK 1993: 24 years young Startups to Fortune 500 People and process (ISO 9001:2008 and CMMi Level 3) Public limited. BSE|NSE : KELLTONTE C 1500+ employees globally USA, Canada, Ireland , UK & India
  4. OthersFinancial s Services Energy Utilities ManufacturingRetail Customers by Industry
  5. Technology Expertise and Adoption
  6. IT Portfolio Management and Enterprise Architecture Strategy – Advisory Services API / SOA / ESB Core Application Integration – API/SOA Strategy, Governance and COE BPM Solutions with Business Workflows, Rules, Analytics and Dashboards Data Integration, Data Governance and Master Data Management Real-time and Streaming Analytics Solutions in IoT and Big Data Applications SaaS Integration, Cloud Enablement and Hybrid Infrastructure Services Infrastructure Modernization, Continuous Integration / Dev-Ops Services and AMS DCE - Core Services Portfolio
  7. 81%of customers depend on social sites for purchasing advice e.g. FB, Twitter Social 62%of total workloads will be in the cloud by 2017. Cloud 1billion (plus) (plus) smart devices that were shipped in 2013 alone. Mobile 90%of the data was created in the last two years alone. Big Data Internet of Things devices will be connected to the internet by 2020. 50billion API Economy in 2013 and forecast to rise to an estimated $1 trillion by 2017-2018 85billion Global commerce sales were World is Changing – The need for Digital Transformation
  8. 1 Business Networks, Markets & Wealth • Business Networks benefit from connectivity - Participants are customers, suppliers, banks, partners - Cross geography & regulatory boundary • Wealth is generated by the flow of goods & services across business network • Markets are central to this process: - Public (fruit market, car auction), or - Private (supply chain financing, bonds)
  9. 1 Transferring Assets, building Value • Anything that is capable of being owned or controlled to produce value, is an asset • Two fundamental types of assets - Tangible, e.g. a house - Intangible e.g. mortgage • Intangible assets subdivide - Financial, e.g. bond - Intellectual e.g. patents - Digital e.g. music • Cash is also an asset - Has property of anonymity
  10. 1 Ledgers are key… • Ledger is THE system of record for a business • Business will have multiple ledgers for multiple business networks in which they participate. • Transaction - an asset transfer onto off the ledger - John gives a car to Anthony (simple) • Contract - conditions for transaction to occur - If Anthony pays John money, then car passes from John to Anthony (simple) - If car won't start, funds do not pass to John (as decided by third party arbitrator) (more complex)
  11. 1 Introducing Blockchain A shared ledger technology allowing any participant in the business network to see THE system of record (ledger)
  12. 1 The Current State (Pre-Blockchain) Problem - Difficult to monitor asset ownership and transfers in a trusted  business network Participant B’s Records Participant E’s records Participant C’s Records Auditor records Participant D’s Records Participant A’s Records API-integrations Incident Inefficient, expensive, vulnerable Ledger Ledger Ledger Ledger Ledger Ledger
  13. 1 Future State (with Blockchain Technology) Solution – shared, replicated, permissioned ledger Participant B’s Records Participant E’s Records Participant C’s Records Auditor records Participant D’s Records Participant A’s Records Consensus, provenance, immutability, finality Ledger Ledger Ledger Ledger Ledger Ledger Participants have multiple shared ledgers NOTE : Participants same as before
  14. Smart Contract Privacy Shared Ledger Consensus Ensuring appropriate visibility; transactions are secure, authenticated & verifiable Business terms embedded in transaction database & executed with transactions All parties agree to network verified transaction Append-only distributed system of record shared across business network Broader participation, lower cost, increased efficiency Blockchain for Business – 4 Main Blocks
  15. • Records all transactions across business network • Shared between participants • Participants have own copy through replication • Permissioned, so participants see only appropriate transactions • THE shared system of record Shared Ledger
  16. Smart Contracts • Business rules that form the transaction • Encoded in programming language • Verifiable, signed & encrypted • Guaranteed future execution • Example: - Defines contractual conditions under which corporate Bond transfer occurs
  17. Privacy • Ledger is shared, but participants require privacy • Participants need: • Transactions to be private • Identity not linked to a transaction • Transactions need to be authenticated • Cryptography central to these processes
  18. Consensus • … the process by which transaction are verified • When participants are anonymous • Commitment is expensive • bitcoin cryptographic mining provides verification for anonymous participants but at significant compute cost (proof of work) • When participants are known & trusted • Commitment possible at low cost • Multiple alternatives • proof of stake where fraudulent transactions cost validators (e.g. transaction bond) • Industrial Blockchain needs “pluggable” consensus
  19. Benefits of Blockchain Saves Remove s Reduces Time Cost Risk Transaction time from days to near instantaneous Overheads and cost intermediaries Tampering, fraud & cyber crime
  20. HIGH VALUE MARKET ASSET EXCHANGE COMPLIANCE LEDGER • Transfer of high value financial assets • Between many participants in a market • Regulatory timeframes • Created by a small set of participants • Share key reference data • Consolidated, consistent real-time view • Sharing of assets (voting, dividend notification) • Assets are information, not financial • Provenance & finality are key • Real-time view of compliance, audit & risk data • Provenance, immutability & finality are key • Transparent access to auditor & regulator CONSORTIUM SHARED LEDGER Patterns for Customer Adoption
  21. Blockchain is NOT for all Blockchain is NOT Suited to high performance (millisecond) transactions For just one participant (no business network) A replicated database replacement A messaging solution A transaction processing replacement Suited for low value, high volume transactions
  22. Engagement Model Overview 1. Discuss Blockchain technology 2. Explore customer business model 3. Show Blockchain Application demo 1. Understand Blockchain concepts & elements 2. Hands on with Blockchain technology 3. Standard demo customization 1. Design Thinking workshop to define business challenge 2. Agile iterations incrementally build project functionality 3. Enterprise integration 1. Scale up pilot or Scale out to new projects 2. Business Process Re-engineering 3. Systems Integration Remote or face to face Remote or face to face Face to face Face to face Let’s Talk! Technology Hands-on First Project Scale
  23. Define Requirements 1 Deliverable high level requirements document categorized based on service pattern and business use cases Define Implementation Strategy Deliverable provide assessment report and recommendations 2 4 3 Assess IT assets, skills, Organizational Strategy & Governance Procedures 5 Deliverable make recommendations and evaluation summary report Evaluation and Recommendations Deliverable Define Reference Architecture, Software Architecture, Deployment Architecture and more.. Analyze Existing Platform and Perform Gap Analysis Deliverable gap analysis report and documentation of re-useable components from the existing implementation. Marriott must orchestrate services to reduce interfaces and provide unique and Personalized customer experience Discount Tire provides seamless interactions among partners, improving quality of service & experience. Staples processes 40M transactions per day and on-boards 10 partners per month while reducing the interfaces Forward Thinking Customers Our 5 Step Methodology
  24. Blockchain Demo on IBM Bluemix
  25. Q&A - Thank you!
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