Why we need enterprise Blockchain solutions?! 6. e-shelter Partnerforum 2018 Frankfurt, 27. September 2018 in e-shelter Event Center
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Why we need enterprise Blockchain solutions?! ■ 6. e-shelter Partnerforum 2018 ■ Frankfurt, 27. September 2018 in e-shelter Event Center 1
Distributed Ledger, Blockchain, Bitcoin, Really a „Gamechanger“? Die neue Technologie ist freilich so kompliziert, dass "Wir sollten die Blockchain IWF-Chefin Lagarde: sie kaum jemand versteht. Das lässt viel Raum zum Technologie sehr genau Träumen. Die Blockchain muss man sich vorstellen “Feuer mit Feuer als digitales Kassen- oder Haushaltsbuch: betrachten, gerade weil sie vor bekämpfen” Quelle BTC Echo Transaktionen werden dort verzeichnet, in Blöcke allem von Kriminellen benutzt gespeichert und aneinandergereiht, wie die Perlen einer Kette. werden können", sagte die Quelle: FAZ net britische Premierministerin "Eine Währung wie Bitcoin, die 25 Prozent Theresa May Quelle: Börse ARD am Tage schwankt, kann nicht genutzt werden, um etwa Löhne zu zahlen", sagte Finanzinvestor George Soros beim Weltwirtschaftsforum 2018 in Davos, Doch nicht alles sei schlecht: „Die Blockchain- Technologie sei innovativ und könne auch zum Guten benutzt werden.“ Quelle: Börse ARD 3
Shaping tomorrow with you How does it work? Assuming A wants to send a transaction or information to B ▪ Decentralized architecture Data (‘peer to peer’) A ▪ Secure and immutable ledger of facts , thus providing Information or Stored in cryptographically Block is transmitted to the Transaction secured Block nodes in the network an unbreakable record of data ▪ Protocol peers (nodes) validate and commit transactions in order to reach consensus (‘majority’ *) ▪ Self-contained and without intermediary The block is joined to the chain and Nodes validate the block and the becomes immutable and secured in correct information * ▪ Chronological (old to new; the Blockchain (old to new) timestamping) Data B receives the secured information or B transaction and can trust the data * Number of different consensus algorithms that are existing: Proof of Work, Proof of Stake, Proof of Activity, Proof of Burn, Proof of Capacity, Practical Byzantine Fault Tolerance, etc. 4 © Copyright 2018 Fujitsu, Dr. Rolf Werner, Head of Central Europe
Cryptocurrencies as a Blockchain Application What are cryptocurrencies Crptocurrency market shares ▪ Cryptocurrencies (also called virtual or digital currencies) are a ▪ As of 1st March 2018, there are over 1500 different digital representation of value that can be virtually traded and cryptocurrencies being traded in more than 8400 functions as a medium of exchange, unit of account, or store of marketplaces (“virtual exchanges”). value. These tokens or coins may represent other rights as well, ▪ Bitcoin, the oldest and biggest cryptocurrency, has a market such as access to specific services. capitalization of nearly US$181 bn and controls around 40% of the total cryptocurrency market capitalization. How they work ▪ It uses cryptographic techniques to control the creation of Other 26% monetary units and to verify transactions of funds. Issues Bitcoin ▪ These assets are still immature and highly volatile. 40% ▪ In certain countries regulations are taking place to control Litecoin cryptocurrencies transactions (e.g. South Korea), or even forbid 2% Bitcoin it (e.g. India). Cash 5% Ripple 8% Ethereum 19% Total Market Cap: $452 bn (as of 1st of March 2018) Source: PwC, 2016; SEC, Jul 2017; Coinmarketcap, 2018 5
Election and voter fraud prevention use case 1. Secure Authentication 2. Election 3. Secure and unforgeable 4. Proven outcome Government Blockchain of a state 10
Cryptocurrency as Use Case 11
Blockchain vs. Blockchain 2.0 (IOTA Tangle) 12
Industry 4.0 meets „Blockchain“ IOTA Tangle Zahlreiche Unternehmen erforschen praktische Anwendungsfälle und entwickeln Prototypen, die sich die Eigenschaften einer Distributed Ledger Technologie (IOTA Tangle) zu Nutze Machen ▪ Use Case1: Komponenten IDs Jede einzelne Komponente des Fertigungsprozesses wird mit einer eindeutigen, unveränderbaren ID/ einem Hashwert in der IOTA Tangle gespeichert. ▪ Use Case2: Komponenten Tracking Auf Basis der ID können sämtliche Bewegungen der Komponenten verfolgt werden und unzulässige Komponenten, sowie nicht ordnungsgemäße Abläufe identifiziert und unterbunden werden ▪ Use Case3: “Digital Twin” Industrie Roboter Ähnlich einer Blackbox im Flugzeug, werden ab der ersten Inbetriebnahme eines Roboters seine sämtlichen Daten über interne und externe Sensoren erfasst und in der Tangle gespeichert. Dieser Digitale Zwilling ist völlig unabhängig von Besitzer, Unternehmen oder Standort. 13
Enterprise Blockchain Service ■ Blockchain as a Service on Cloud Service ■ Ready to use for digital assets management in customers’ business ■ Basic functions provide as All-In-One: ■ Management User Interface for blockchain dashboard, user control etc. ■ Data concealing function for safety data management ■ Provide digital assets management Application Program Interface (API) as a common business API ■ Quick implementation for digital assets management such as virtual currency, voucher, tickets, coupons ■ Provide management functions such as transfer, exchange, transaction history inquiry ■ Can be utilized without specific knowledge as it is provided as API ■ Security to ensure safe transactions 14
Challenges for Blockchain Technologies Reifegrad; Politische Skepsis und Regulatorik für Anwendungsfälle deutsche Mentalität, Blockchain fehlt im PoC Modus Japan und USA deutlich weiter Sehr komplexe Fehlendes F&E Thematik, für Budget in der IT Top-Management viele zu abstrakt häufig zu Try- and Error wird häufig konservativ und als Scheitern gesehen. nicht weltoffen Fehlender Mut! 15
Longer term perspective … Adoption and Growth Geographies Blockchain growth in 2020 will reach 120% before dropping By 2022, at least five countries (including at least one off to a low of 27% in 2023 and then reaching its second G7) will have issued a fiat-backed peak of growth in 2026 at 104%. cryptocurrency. By 2022, more than a billion people will have some data Digital cash has a first-mover advantage, thereby about them stored on a blockchain, but representing more than half of the global business may not be aware of it. value-add from blockchain through 2023. North America and Greater China will be the regions with the most business value between 2020 and 2030. Enterprise blockchain Through 2022, only 10% of enterprises will achieve any radical transformation with the use of Industries blockchain technologies. Manufacturing will derive 31% of the global business Through 2020, 80% of enterprise blockchain-based value-add by 2030, while representing 41% of global applications whose goal is to save money industry gross output (IGO). will fail to do so. Banking and securities will derive 10% of the global business value-add by 2030, while representing only 5.3% of global IGO. Sources: Gartner, Forrester 16
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