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Blockchain Introduction - Canada Nov 2017.pptx

  1. BlockchaininRetailandin Business Presented to: South Okanagan Technology Professionals Penticton, BC, Canada By Antony Welfare 14th November 2017
  2. Antony Welfare  Retailer from birth, understanding in depth retail, financial and technology worlds  CIMA qualified, with nearly 20 years expertise in retail, finance and technology  Starting with Sainsburys, Marks & Spencer and Dixons, through to own fashion technology company  Blockchain enthusiast and member of EEA  Strategy and business planning expertise  Global thought leadership for Consumer brands and retailers  Author of The Retail Handbook – India edition 10,000 copies  Sky News Retail expert and event speaker
  3. Your experience… 0 BTC – Know nothing about Blockchain or Bitcoin 5 BTC – Understand a little about Blockchain or Bitcoin 10 BTC – Understand Blockchain and Bitcoin 100 BTC – Actively use/engage Blockchain and Bitcoin 1000 BTC – Know everything there is to know about Blockchain and Bitcoin
  4. Disruptive Technology • From IOT…. • To drones and walkers • To Blockchain • To AR • To VR • To 3D print • To Immersive shopping
  5. Disruptive Technology High Business Impact in 2017
  6. Disruptive Technology Peak of Inflated Expectations
  7. Disruptive Technology Peak of Inflated Expectations?
  8. Disruptive Technology New services and cases
  9. Disruption Online
  10. Where did we come from? Internet 2.0 • Search • Social • Ecommerce • Products …….Information/Transactions
  11. What are the problems of Internet 2.0? • Trust? • Openness? • Security? • Quality? Cost? • My data/privacy?
  12. Where are we going? Internet 3.0-Blockchain • Trust • Transparency • Security • Quality/Certainty • Reduced costs
  13. Business in the Blockchain age • Trust – You have the same copy of all data • Transparency – You can see all the transactions real time • Security – Crypto technology secures user ID’s • Quality/Certainty - You know where your raw materials came from • Reduced costs - No more costly API’s and auditors
  14. Where are we going? Internet 3.0-Blockchain
  15. Possible losers of 3.0 - Blockchain • A public ledger of web page links could become a powerful alternative to Google • A public/permissions ledger of our individual social media postings and friends could become an alternative to using Facebook as an intermediary • A public ledger of physical inventory could become an alternative to Amazon’s warehouses • A public/permissions ledger of our career profiles and connections could replicate much of the value of LinkedIn
  16. Blockchain • Blockchain
  17. What is Blockchain?
  18. INCORRECT!! What is Blockchain? Incorrectopedia blockchain ˈblɒktʃeɪn/ noun noun: blockchain; plural noun: blockchains; noun: block-chain; plural noun: block-chains 1.a digital ledger in which transactions made in bitcoin or another cryptocurrency are recorded chronologically and publicly. 1."we can actually have a look at the blockchain and see evidence of what's going on"
  19. Correct Definition What is Blockchain? blockchain ˈblɒktʃeɪn/ noun noun: blockchain; plural noun: blockchains; noun: block-chain; plural noun: block-chains 1. A distributed ledger technology, which allows data to be stored in vast groupings, which are encrypted and tamper-proof. It is maintained across a network of computers around the world and has no central authority to oversee it
  20. What is Blockchain? A blockchain – is a distributed database that maintains a continuously growing list of records, called blocks, secured from tampering and revision. • Each block contains a timestamp and a link to a previous block. • By design, blockchains are inherently resistant to modification of the data — once recorded, the data in a block cannot be altered retroactively. • Through the use of a peer-to-peer network and a distributed timestamping server, a blockchain database is managed autonomously. • Blockchains are an open, distributed ledger, that can record transactions between two parties efficiently and in a verifiable and permanent way. • The ledger itself can also be programmed to trigger transactions automatically.
  21. Blockchain is… • Trusted, shared and distributed ledger of transactions • Encrypted • Immutable/Permanent record
  22. How does blockchain work? • How does Blockchain work?
  23. Bitcoin use case • Bitcoin Use Case
  24. How Blockchain works? • Antony wants to send some money to Leonardo
  25. How Blockchain works? • He instructs his bitcoin wallet app to send the bitcoin to Leo.
  26. How Blockchain works? • The transaction is configured into a block
  27. How Blockchain works? • The transaction is broadcast across the entire network which validates it – this is called mining
  28. How Blockchain works? • The “block” is then added to the “chain” which records the entire non- reversible history of the transaction publicly
  29. How Blockchain works? • Leo received his funds
  30. Blockchain: Distributed ledger
  31. Blockchain in a nutshell Smart Contracts Cryptographic security Shared Ledger Consensus Secure, authenticated and verifiable transactions Business terms embedded in the transaction database and executed with transactions All parties agree to network verified transactions Shared system of records shared across the business network
  32. Blockchain use case: Bitcoin • Blockchain
  33. How important is Blockchain? • How important is Blockchain?
  34. Who is “playing” with Blockchain?
  35. Who is “playing” with Blockchain?
  36. Leaders comments "Blockchain holds the promise to fundamentally transform how business is done, making business-to-business interactions more secure, transparent, and efficient..." 10% of the Global GDP will be stored in blockchain technology by 2027 $176 Billion business value-add of blockchain by 2025 Amit Zavery, Senior Vice President, Oracle Cloud Platform
  37. Leaders comments “I am much more interested in data than I am in process, I think that what we are really struggling with is data. The rules are on data, the new regulations are on data. And the obligations of banks are to report on data… If you look at blockchain technology, I think it could be used for digital identity if that’s acceptable to the G20 because this is going to be a supranational initiative and the US have to take a leading role in it.” Deutsche Bank’s co-chief executive officer John Cryan
  38. Leaders comments “I am not talking about bitcoin or a cybercurrency, but the [underlying] technology that allows you to have trust and efficiency in the exchange of anything. This will have a profound change in how the world works. . .The blockchain will do for transactions what the internet did for information” IBM CEO Ginni Rometty
  39. Leaders comments “For us, it’s a matter of making sure that we continue to take all of the new technologies that are available in the marketplace and bringing them into our markets and offering them out to our clients,” she said. Blockchain, is one such technology, Friedman said. Despite the hurdle of federal regulation, a concern that is fading for many companies in the face of a more pro-business administration, Friedman said that the protection, speed and efficiency blockchain provides will turn skeptics around.” Nasdaq CEO Adena Friedman
  40. Leaders comments “Blockchain is a very important, new technology that could have implications for the way in which transactions are handled throughout the financial system. We’re looking at it in terms of its promise in some of the technologies we use ourselves and many financial institutions are looking at it. It could make a big difference to the may in which transactions are cleared and settled in the global economy.” Janet Yellen, Chair of the Board of Governors of the Federal Reserve
  41. Leaders comments “…told the panel that although bitcoin and related “virtual currencies” had many advantages such as reducing costs, providing better value and reaching the unbanked, they could also be a great instrument for crime and a “substantial threat to financial stability.” Christine Lagarde, Head of the International Monetary Fund,
  42. Leaders comments “Blockchain is the next disruptive technology to transform the lives of our customers and our business operations” Antony Welfare, Blockchain Leader
  43. Blockchain in Retail
  44. Blockchain Uses: Retail examples • Trust and transparency – The foundation of Blockchain technology • Payments - All financial transactions are recorded, eliminating the errors that can occur when each party participating in a transaction maintains its own data set for that transaction • Provenance – Track everything that happened to the raw ingredient, packaging and manufacturing to make the product that the customer is purchasing
  45. Three possible retail use cases for blockchain • Supply chain ledger • Tokenised ledger • Executable/Smart contracts
  46. Supply chain ledger • Simplification of complex multi-party systems delivery • Achieve granular-level inventory tracking and delivery assurance, potentially improving supply chain financing, insurance and risk • Enhanced tracing and verification to reduce risk of fraud and theft
  47. Supply chain ledger “With the blockchain, Wal-Mart will be able to obtain crucial data from a single receipt, including suppliers, details on how and where food was grown and who inspected it. The database extends information from the pallet to the individual package”
  48. Tokenised ledger • The token is acting as a virtual “certificate of authenticity”, which is far harder to steal or forge than a piece of paper. • Upon receiving the digital token, the final recipient of the physical item, whether a bank, distributor, retailer or customer, can verify the chain of custody all the way back to the point of origin.
  49. Executable/Smart contracts • Smart contract code is code that is stored, verified and executed on a blockchain. Smart legal contracts is the use of the smart contract code that can be used as a complement, or substitute, for legal contracts. • In its simplest form, this is about "if X happens, do Y," without any human intervention. Use cases include anything from rental cars or apartments, through to complex machine-to-machine transactions involving advanced analytics.
  50. Executable/Smart contracts • The Visa-DocuSign PoC involves registration of each car on the blockchain using a unique digital identity assigned to them. • The car’s digital identity is then connected to a Visa payment channel and also to the DocuSign platform. • Whenever a customer wants to rent a car, they can pick the car of their choice and finish the formalities online while sitting inside the car itself. • It is possible to enable all of these services by authenticating preferences using a DocuSign electronic signature
  51. Blockchain use now
  52. Uses now #1 - Crypto Currency • A currency traded on the Blockchain – not owned by any Government • Bitcoin and Ether(eum) are the biggest • You can get from ATM’s • You can used in stores with cards “I do think Bitcoin is the first [encrypted money] that has the potential to do something like change the world.” Peter Thiel, Co-Founder of Paypal.
  53. Uses now #2 – Assets on the Blockchain • Holding assets (Land, Houses, cars) on the blockchain so they can be exchanged and without corruption and middlemen • Bitland - real property ownership on blockchain • Sweden - Since last June the body has been testing a way to record property transactions on a blockchain. • This could save the Swedish taxpayer over €100 million ($106 million) a year by eliminating paperwork, reducing fraud, and speeding up transactions • EverLedger – Blockchain for Diamonds
  54. Uses now #3 - Core Banking in 4 Weeks 3 engineers, 4 weeks, and 1 Stellar integration later, Deloitte had a prototype that reduced transaction costs by 40%. Each transaction resolved in 5 seconds. Deloitte partner Eric Piscini said, “The client was amazed by how fast and how cheap those transactions were.”
  55. Uses now #4 – Money transfer services Tempo facilitates remittances from Europe to the world, a $150 billion market. Using the Stellar network, Tempo can power 600,000 transactions for $.01 in fees. With a network of 190,000 locations in 120 countries, Tempo and their cross-border payments enable customers to pay remotely for services such as water, phone, electricity, and health insurance.
  56. Uses now #5 - others on the Blockchain • UAE Government “All docs on Blockchain by 2020” • Blockcerts in Malta - education certification • Trading Solar Energy (Solar coins) in Africa
  57. Uses now #6 – IoT and Blockchain The future of the IoT Blockchain “Connecting remote devices with blockchain provides an inexpensive, low-maintenance strategy for controlling an entire system without centralized storage, authority, or manpower. Firms are already using this technology for agriculture, manufacturing, transportation, and other applications. Each of these examples relies on the successful combination of the IoT with blockchain tech, but there is so much more the two can do together.”
  58. Uses now #7 – Blockchain (BaaS) • Oracle, Amazon & Microsoft – hosting Blockchain as a Service
  59. Blockchain Case: Ethereum
  60. Ethereum Network .
  61. Ethereum Network • Ethereum is a platform that makes it possible for any developer to build and publish next-generation distributed applications.
  62. Ethereum Network • Smart (Code-based) contracts are the main building blocks of Ethereum
  63. Ethereum Network • Contracts can be used to build currencies, financial derivatives, voting systems, decentralized organizations, data feeds, title registries and thousands of other applications.
  64. Ethereum Network • Ethereum can be used to codify, decentralize, secure and trade almost anything.
  65. DECENTRALISED CENTRALISED • Distribution of Power • Fault-tolerant/Resilient • Slower decision making • Faster decision making • Reduced redundancy • Centralization of Power • Central point of failure Ethereum Network
  66. Enterprise Ethereum Alliance
  67. Dapps – Uses now….Bitcoin Currency Card
  68. Dapps – Uses now….Blockchain messaging This is MY DATA….not Facebook or Twitter
  69. Dapps – Uses now….Blockchain trading
  70. Dapps – Uses now….Online banking for all
  71. The Blockchain business case
  72. The (Business case) for Blockchain
  73. Blockchain benefits for business • Saves time – From days to instantaneous transactions • Removes costs – Overheads and intermediaries (Audit, recs etc) • Reduces risk – Tamper proof and fraud reduction • Increase trust – Through shared processes and records, leading to open and trusted partnerships
  74. And the money……..
  75. There is an investment angle….
  76. There is an investment angle….
  77. Real returns and momentum
  78. Thank you Antony Welfare +44 7976 367992

Notes de l'éditeur

  2. Extended supply chain visibility, enabled by smart contracts, provides stand-up and tear-down of goods tracking across brands, retailers, logistics and contracted counterparties.
  3. In October, Wal-Mart started tracking two products using blockchain: a packaged produce item in the U.S., and pork in China. While only two items were included, the test involved thousands of packages shipped to multiple stores. The blockchain is a distributed ledger where companies doing business with each other -- such as growers, distributors and retailers -- can record transactions securely. The database’s strength lies in its trustworthiness: the difficulty of reversing or changing what’s been recorded. The blockchain database can also hold much more data than what retailers get today, providing tools for more detailed analysis. That could help Wal-Mart deliver food to stores faster, reducing spoilage and waste. Cutting costs is critical for all retailers. Last year, retail sales rose only 2.1 percent, the smallest gain since 2009, according to Retail Industry Leaders Association. Traditional offline retailers continue to be pressured by Inc. and its efficient supply chain.
  6. In October 2015, it was announced that Visa was working on a smart contract proof of concept (PoC) for car leases and rentals. Visa worked with DocuSign to create the solution with the aim of reducing or completely eliminating paperwork that customers need to go through during the car rental process. The Visa-DocuSign PoC involves registration of each car on the blockchain using a unique digital identity assigned to them. The car’s digital identity is then connected to a Visa payment channel and also to the DocuSign platform. Whenever a customer wants to rent a car, they can pick the car of their choice and finish the formalities online while sitting inside the car itself. Beyond selecting the type of car, they can search, compare and choose insurance plans as well as other in-car payments like tolls, parking fees, etc. It is possible to enable all of these services by authenticating preferences using a DocuSign electronic signature
  8. To research, design and build software that, as best as possible, facilitates, in a secure, decentralised and fair manner, the communication and automatically-enforced agreement between parties
  9. Ethereum’s primary programming language is a javascript-like language called Solidity. Complete list of languages: Solidity: Javascript-like language. Serpent: Python-like language. Mutan: C-like language. LLL: Lisp-like language. All other languages are implemented in LLL.
  10. Software does what you tell it to. Open Source software can be reviewed by anyone to verify it will do what it says.
  11. Software does what you tell it to. Open Source software can
  12. April 2017