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1© 2017 IBM Corporation© 2017 IBM Corporation
IBM and BlockchainJoost ZeinstraSenior IT Architect and Scrum Master
Explained Solutions Architected ExploredComposed
Blockchain education series
Next Steps
V4.04, 15 May 2017
2
IBM Blockchain
Blockchain will do for
What the internet did for informationGinni Rometty CEO of IBM at SIBOS September 2016
secure transactions
3© 2017 IBM Corporation
Joost Zeinstra – Enterprise / Integration ArchitectIBM
▪ Systems and Technology Group
▪ Global Technology Services
▪ Integrated Operations
▪ Software Group
▪ Global Business Services
▪ Digital Strategy and Innovation
▪ Cognitive Process Transformation
▪ …
▪ Blockchain Practice
▪ …
▪ Cloud Application Innovation
▪Sales and Distribution
4© 2017 IBM Corporation
Hyperledger, A Linux Foundation Project
– A collaborative effort created to advance cross-industry
blockchain technologies for business
– Announced December 2015, now over 140 members
– Open source, open standards, open governance
– One active framework (“Fabric”) and seven projects in
incubation
– IBM is a premier member of Hyperledgerwww.hyperledger.org
Brian Behlendorf
Executive Director
Blythe Masters
Board Chair
Chris Ferris
TSC Chair
5© 2017 IBM Corporation
Hyperledger Members
Source: https://www.hyperledger.org/about/membersUpdated June 2017
Premier General
Associate
Hyperledger Fabric: built for Cross-Industry use in regulated
businesses from the ground up
Network tools
IBM provides tools for monitoring, logging,
and for compliance reasons
backup/restore
Permissioned membership
Operate a trusted blockchain network with
known participants and regulatory
oversight
Channels
Enable multi-party transactions with the
privacy and confidentiality needed for
regulated industries
Transaction history
Searchable transaction history for efficient
auditing and dispute resolution
Partitioned execution
Optimize network performance by
separating chaincode execution and
transaction ordering
Modularity
Select preferences for number of peers,
consensus, identity management, and
encryption to dynamically grow a business
network
Confidentiality Production Workloads
Contents
is Blockchain?
is it relevant
for our business?
can IBM help
us apply Blockchain?
7
8© 2017 IBM Corporation
Problem …
… inefficient, expensive, vulnerable
Insurer
records
Auditor
recordsRegulator
records
Participant
A’s records
Bank
records
Participant
B’s records
9© 2017 IBM Corporation
A shared replicated, permissioned ledger…
… with consensus, provenance, immutability and finality
Insurer
records
Auditor
recordsRegulator
records
Participant
A’s records
Bank
records
Participant
B’s records
Blockchain
10© 2017 IBM Corporation
Requirements of blockchain for business
Append-only
distributed system of
record shared across
business network
Business terms
embedded in
transaction database
& executed with
transactions
Transactions are
endorsed by
relevant
participants
Ensuring appropriate
visibility; transactions are
secure, authenticated
& verifiable Privacy
Shared
ledgerSmart
contract
Trust
11© 2017 IBM Corporation
Contents
is Blockchain?
is it relevant
for our business?
can IBM help
us apply Blockchain?
12© 2017 IBM Corporation
Blockchain benefits
Savestime
Removescost
Reducesrisk
Increasestrust
Transaction time
from days to near
instantaneous
Overheads and
cost intermediaries
Tampering, fraud
& cyber crime
Through shared
processes and
recordkeeping
13© 2017 IBM Corporation
Key players for Blockchain adoption
Regulator Industry Group Market Maker
– An organization who enforces the rules of play
–Regulators are keen to support Blockchain based innovations
–Concern is systemic risk – new technology, distributed data, security
–Often funded by members of a business network
–Provide technical advice on industry trends
–Encourages best practice by making recommendations to members
– In financial markets, takes buy-side and sell-side to provide liquidity
–More generally, the organization who innovates
- Creates a new good or service, and business process (likely)
- Creates a new business process for an existing good or service
14© 2017 IBM Corporation
Maersk – Streamlining Global Trade
© 2016 IBM Corporation
Global Financing: Dispute Resolution
© 2016 IBM Corporation 16
Food Traceability in China
What?
• Traceability of food from “farm to fork”
How?
• Blockchain holds history of food items
processed through entire supply chain
Benefits
1. Increased trust – multiplied by each
participant in food supply chain
2. Pinpoint source of compromised food,
reducing the unnecessarily broad recall
3. Improved co-ordination in food supply chain
17© 2017 IBM Corporation
Low liquidity securities
trading and settlement
Cross Border
Supply Chain
Contract
Management
FX Netting Settlements through
digital currency
Identity management
Food Safety Private Equity Channel Financing
Selected References
18© 2017 IBM Corporation
Financial Public Sector Retail Insurance Manufacturing
Trade Finance
Cross currency payments
Mortgages
Asset Registration
Citizen Identity
Medical records
Medicine supply chain
Supply chain
Loyalty programs
Information sharing (supplier – retailer)
Claims processing
Risk provenance
Asset usage history
Claims file
Supply chain
Product parts
Maintenance tracking
Potential use casesFurther examples by (selected) industry
19© 2017 IBM Corporation
Contents
is Blockchain?
is it relevant
for our business?
can IBM help
us apply Blockchain?
20© 2017 IBM Corporation
How IBM can help
Technology
Hosting and Support
Making blockchain real
for clients
High Security
Business NetworkIBM Bluemix
EngagementGarages
Hyperledger
Fabric
Hyperledger
Composer
© 2016 IBM Corporation 21
IBM Blockchain: High Security Business Network Plan
2
Key Capabilities:
Dedicated Compute
Four connected peers and a CA in
an isolated partition on dedicated
compute
SecureKey and HSM
On board HSM with tamper
resistant cards providing up to FIPS
140-2 Level 4 security
Secure Service Container
Protection from horizontal and vertical
tampering with all code running in a
secure virtual appliance
Performance Optimized
Crypto acceleration, high speed
network all running on the worlds
fastest Linux system
Business network running on dedicated high security computeGA
22© 2017 IBM Corporation
IBM 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 on Bluemix
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 Digital Face to face Face to face
Let’s
TalkBlockchain
Hands-onFirst
ProjectScale
23© 2017 IBM Corporation
Continuing your education journey…
Explained Solutions Composed Architected Explored Next Steps
– What is blockchain for business
– Why is it relevant
– What is IBM doing
– Use cases, patterns and references
– How IBM can help
– What is Hyperledger Composer
– Assets, transactions & participants
– Learn key blockchain technical concepts
– Designing a solution
– Technical deep dive on Linux Foundation Hyperledger Fabric
– Covers V1 content
– How to proceed with a first project
– Design Thinking Workshop logistics
Thank you!
www.ibm.com/blockchain
developer.ibm.com/blockchain
www.hyperledger.org
25© 2017 IBM Corporation
Further Information – Use case LinksNorthern Trust: http://www-03.ibm.com/press/us/en/pressrelease/51655.wss
Maersk: http://www-03.ibm.com/press/us/en/pressrelease/51712.wss
HSBC, Bank of America, IDA: http://www.coindesk.com/hsbc-bank-america-blockchain-supply-chain/
ABN AMRO: https://www.abnamro.com/en/newsroom/blogs/arjan-van-os/2016/walking-the-walk-exploring-
the-power-of-blockchain.html
Crédit Mutuel Arkéa: http://www.coindesk.com/ibm-completes-blockchain-trial-french-bank-credit-mutuel/
JPX: http://www.ibm.com/press/us/en/pressrelease/49088.wss
Kouvola Innovation: http://www.ibm.com/press/us/en/pressrelease/49029.wss
London Stock Exchange: http://www.ibtimes.co.uk/linux-foundation-blockchain-consortium-digital-asset-
ibm-credits-london-stock-exchange-board-1533798
Mizuho: http://www.coindesk.com/mizuho-digital-currency-powered-blockchain-settlement/
IBM Global Finance: http://www.coindesk.com/ibm-building-blockchain-dispute-resolution-system/
Everledger: https://www-03.ibm.com/press/us/en/pressrelease/50169.wss
Bank of Tokyo Mitsubishi: https://www-03.ibm.com/press/us/en/pressrelease/50544.wss
China UnionPay: http://www.coindesk.com/ibm-china-unionpay-blockchain-loyalty-exchange/
CLS: http://www.coindesk.com/cls-to-develop-blockchain-payment-service-on-ibm-fabric/
UBS: http://www.coindesk.com/ubs-blockchain-prototype-trade/
26© 2017 IBM Corporation
Hyperledger Fabric Ethereum Ripple Bitcoin
Description of
Platform
General purpose
Blockchain
General purpose
Blockchain
Payments
Blockchain
Payments
Blockchain
Governance Linux Foundation Ethereum Developers Ripple Labs Bitcoin Developers
Currency None Ether XRP BTC
Mining Reward N/A Yes No Yes
State Key-value database Account data None Transaction data
Consensus Network Pluggable : PBFT Mining Ripple Protocol Mining
Network Private or Public Public or Private Public Public
Privacy Open to Private Open Open Open
Smart Contracts Multiple programming
languages
‘Solidity’ programming
language
None Possible, but not
obvious
Alternatives
