1. Blockchain beyond cryptocurrencies

2. In this session… When and how can enterprises adopt Blockchain?
What is Blockchain?
Why and how will it disrupt industries?
What are some of the business use cases?
When and how can enterprises adopt Blockchain?
In this session…

3. 2017 in numbers Blockchain @ peak hype Bitcoin > $10,000
Total cryptocurrency marketcap $330 Billion
Up 1600% in 2017
$3.6 billion raised so far in Initial Coin Offerings
Source: Gartner emerging technologies hype cycle, July 2017.

4. What is Blockchain? Immutable Synchronized Decentralized Secure
Shared Datastore
Verifiable

5. The computer science behind Blockchain
Cryptography (Merkle hashes, Signing, Proof-of-Work)
Databases (Transaction processing, Consistency, Linearization)
Distributed Systems
(Distributed consensus, Fault Tolerance, Replication)
Networking
(P2P networks, communication protocols)

6. Bitcoin: A Peer-to-Peer Electronic Cash System
Blockchain:
The beginning …
Shared Ledger
P2P Networks, Replication, Distributed Consensus
Proof-of-Work
Untrusted participants, mining, easy cryptographic verification
Chain of blocks
Markel hash tree, signing, cryptographic immutability
Incentivization
Mining rewards, transaction fees
Bitcoin: A Peer-to-Peer Electronic Cash System
- Satoshi Nakamoto

7. 1 4 2 3 5 Smart Contracts Code that runs on the Blockchain
Censorship Resistant 2
Immutable
Determinate computation in response to transactions 3 5
Can control Blockchain assets
Smart Contracts

8. Public Blockchains Private Blockchains Need network effect
Open, anonymous participation
Censorship resistant
Tokens needed to transact
Public Blockchains
Private Blockchains
Trusted single source of truth
Consortium of organizations
Verified identity and admission control
Decentralized ledger

9. Today Tomorrow … intermediaries, many versions of truth
Entity A
Entity B
Entity C
Regulator
Trusted Intermediary
Auditor
Tomorrow
... disintermediation, immutable shared-truth
Entity A
Entity B
Entity C
Regulator
Auditor

10. New digital business models
Strengthen security
Cut costs
What can blockchain do for businesses ?
Simplify compliance
Bring efficiency
New digital business models

11. Commercial Paper Demo Investor Issuer CRA NSDL Registrar IPA
6. Request Investor DP Account
4. Request Credit Rating
5. Publish Credit Rating Doc
9. Publish CP issuance to IPA
3. Publish CP Current, CP Allocation and Redemption DP account
10. Send Payment Ref. ID
2. Verify LOI agreement and Allocate ISIN
8. Create CP Trade
1. Create CP and Request ISIN
7. Publish DP Account
11. Verify Payment
Investor
Issuer
CRA
NSDL
Registrar
IPA
Bank
Demo

12. 1 2 Finance 3 4 5 Cross-border Payments Know-your-customer
Inter-bank netting and settlement 3
Mortgage provenance and tracking 4
Trade Finance 5

13. 1 Government 2 3 Land Records Upholding service guarantees to citizens
Inter-state or inter-agency settlements 3

14. 1 Healthcare 2 3 Patient-centric health-records
Pharmaceutical track and trace supply chain 2
Tamper-proof clinical trials 3

15. Do you really need a Blockchain?
Trusted Intermediary
Multiple Writers
Single Source of Truth
Auditability
Business Network
Getting Started…
Do you really need a Blockchain?

16. Leveraging Blockchain5
Scale and deploy 4
Review and revise the pilot 3
Do a pilot with select partners 2
Build a proof-of-value prototype 1
Find natively digital processes that qualify

17. Blockchains – ongoing work Enterprise adoption challenges
Performance – latency and throughput 1
Building a consortium 1
Scaling the blockchain data-store 2
Operational cost 2
Data and transaction privacy 3
Regulatory support 3
More efficient consensus models 4
Interoperable standards for blockchains 4
Inter-blockchain transactions 5

18. The arc of the Internet is bending towards decentralization.
Blockchain brings decentralized trust and immutable, single source of truth
Value hinges on network effect
Confidentiality, interoperability and performance are key
Proof-of-Value Pilot Scale 1 2 3 4
The arc of the Internet is bending towards decentralization.
- Naval Ravikant — Entrepreneur, Investor

19. Questions and Suggestions? Thank You!
Pandurang Kamat
@pandurangkamat