BLOCKCHAIN IN DER REALWIRTSCHAFT

Hamburg, 4. Juli 2017

Blockchain-Frühstück

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ÜBER MICH

Kurz Vita !  25 Jahre Senior-Management CE/IT/Telko

!  Unternehmen: Sony, Deutsche Telekom, Sharp

!  Seit 2011 Fokus auf den Digitalen Wandel

!  Erfahren in der Etablierung digitaler Technologien und Anwendungen, u.a.:

!  e-Commerce seit 1998

!  Erneuerbare Energien seit 2004

!  Internet der Dinge seit 2011

!  Digitale Bildung seit 2014

!  Blockchain seit Ende 2015 -> CHAINSTEP seit 05/17

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AUFTRITT CHAINSTEP.COM

Aktuelle Broschüre Website

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Blockchain Basics

World Economic Form February 2016

The internet is driving a shift towards networks and platform-based social and economic models. Assets can be shared, creating not just new efficiencies but also whole new business models and opportunities for social self-organization. The blockchain, an emerging technology, replaces the need for third-party institutions to provide trust for financial, contract and voting activities.

https://www.youtube.com/watch?v=6WG7D47tGb0

A Blockchain is a decentralized data structure that allows participants to transact directly with each other and stores the state and history of participants’ transactions.

WEB EVOLUTION

Source: Harvard Business Manager

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BLOCKCHAIN ADDS VALUE TO THE INTERNET

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JUST LIKE THE INTERNET, ALL OVER AGAIN

Just like the internet allows us to communicate in a direct and immediate manner with minimum intermediaries, Blockchain technology allows us to transact in a direct and immediate manner, with minimum intermediaries, on a distributed trustless ledger.

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PROOF-OF-WORK ON A BLOCKCHAIN

Illustration by Matthäus Wander (Wikimedia) Source: DutchCoin on YouTube

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BITCOIN MINING AVAILABLE BTC AND REWARDS

Source: www.bitcoinnotbombs.com

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HUNDREDS OF DIFFERENT DIGITAL CURRENCIES

Status Jun 15, 2017: 754 Currencies, Market Cap 96.791.678.372 BTC : (+370% since mid Mar)

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„Blockchain will be to banking and law what the

internet was to media.“

Joi Ito, Director MIT Lab

Source: Michael Gerdes, comdirekt

http://www.economist.com/news/leaders/21677198-technology-behind-bitcoin-could-transform-how-economy-works-trust-machine

Peer-2-Peer transparent encrypted private uncensorable immutable

BLOCKCHAIN CHARACTERISTICS

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KEY BENEFITS BLOCKCHAIN TECHNOLOGY

increased transparency improved risk diversification automated regulatory oversight

less systemic risk internal record keeping documentation processing multiparty process compatibility M2M and AI on the internet (IoT)

more automation

cryptographically secured/validated accountability and provenance ownership tracking

more security increased efficiency decreased costs faster processing

disintermediation

Florian Glatz, Blockchain.Lawyer

hacking.law Legal Tech Conference Berlin, February 2017

“Blockchains convert data into facts.”

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Ethereum: Blockchain 2.0

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ETHEREUM BLOCKCHAIN 2.0

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ETHEREUM THE WORLD COMPUTER

https://www.youtube.com/watch?v=j23HnORQXvs

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ETHEREUM BLOCKCHAIN APP PLATFORM

Vitalik Buterin Ethereum Inventor

“If Bitcoin is money over the internet, Ethereum is like relationships over the internet.”

https://www.youtube.com/watch?v=x7Y4Qq8qPR8

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Smart Contracts

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Primavera De Filippi National Center of Scientific Research (CNRS), Paris

“The term smart contract can be so confusing.

Really it is just a self-executing piece of code on

a distributed ledger.”

SMART CONTRACTS NEITHER SMART NOR CONTRACTS?

Picture: BlockchainNews

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THE BASIC PRINCIPLES OF SMART CONTRACTS

Source: http://blockgeeks.com/guides/smart-contracts/

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SMART CONTRACTS CHALLENGES

CAUTION Must not be designed so carelessly that new complexity is introduced DANGERS It could prove very awkward, if not impossible, to unwind a feral smart contract given

the technology challenge for judges and arbitrators and any jurisdictional maze CHALLENGE Getting the technology right and making it very very easy to use is the challenge DETERMINISM Contracts should be the same, regardless of who looks at them and when

SMART CONTRACTS MUST BE SIMPLE TO UNDERSTAND AND EXECUTE!

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REMEMBER „ATOMIC“ AND YOU KNOW WHAT BLOCKCHAIN OFFERS*

Programmable ASSETS Programmable TRUST Programmable OWNERSHIP Programmable MONEY Programmable IDENTITY Programmable CONTRACTS

* based on „The Business Blockchain“ by W. Mougayar

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Public vs. Enterprise Blockchain

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CENTRALIZED – DECENTRALIZED – DISTRIBUTED LEDGERS

Source: BlockGeekss

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PUBLIC BLOCKCHAIN / ENTERPRISE BLOCKCHAIN

Source: CoinDesk Q3/2016 report

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PUBLIC VS PRIVATE BLOCKCHAIN - REVOLUTION VS EVOLUTION

Private blockchain / DLT Public blockchain

new paradigm

new rulebook

uncomfortable

disruptive innovation

status quo (more or less)

old rulebook

comfortable

efficiency innovation

evolutionary revolutionary

Source: https://bitsonblocks.net/2016/05/09/confused-by-blockchains-revolution-vs-evolution/

Industrial workflow tools Bitcoin and cryptocurrencies

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COST VS SECURITY TRADEOFF OF BLOCKCHAIN TYPES

Permissioned enterprise ledger

Permissioned public ledger

Unpermissioned public ledger

Low Security High

Low Cost High

Source: Credit Suisse research

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APPLICATIONS SEGMENTATION ACC. TO WILLIAM MOUGAYAR

http://startupmanagement.org/2016/09/19/how-blockchain-applications-will-get-deployed/

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HYPERLEDGER: ADVANCE CROSS-INDUSTRY BLOCKCHAIN TECHNOLOGIES

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ENTERPRISE ETHEREUM ALLIANCE ANNOUNCED 28TH FEB 2017

entethalliance.org

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Blockchain projects

https://letstalkpayments.com/an-overview-of-blockchain-technology/

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„BLOCKCHAIN IN USE“ ON CHAINSTEP.COM

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BLOCKCHAIN IN USE

Key words Categories Authenticity eCommerce Energy Enterprise … SCM Security Social media Storage ...

Public Enterprise Info Concept Live Consortium Digital Asset

https://www.chainstep.com/use-cases/?lang=en

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BLOCKCHAIN IN USE: THE MOST IMPORTANT PROJECTS

https://www.chainstep.com/use-cases/

„Blockchain in use“ segments

Segment No. of projects* Finance 108 Enterprise 44 Supply Chain Mgt 40 Government 34 Internet of Things 22 Security 18 Energy 18 Entertainment 12

* As of July 3, 2017, 355 projects in total, multiple tagging possible

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Typical Blockchain based projects

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BLOCKCHAIN USE CASE AREAS TRANSPORT LOGISTICS

Document Management

Tracking & Tracing

Finance / Payment

Multiparty Agreements

Additive Manufacturing (3D Printing)

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MAERSK + IBM TRACKING CARGO ON BLOCKCHAIN

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BLOCKCHAIN USE CASE AREAS ENERGY SECTOR

P2P-Trading

Authenticate And Manage Billing Process

Switch Power Suppliers More Quickly

Monitor Grid Equipment

Make Existing Electric Industry Processes More Efficient

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ENERCHAIN ENERGY TRADING

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SHARE&CHARGE E-MOBILITY

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Further typical Blockchain based projects

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SWEDISH GOVERNMENT BLOCKCHAIN BASED LAND REGISTRY

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TALLYSTICKS REAL TIME INVOICING

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FILAMENT INDUSTRIAL IOT

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SAMPL PROJECT SECURE ADDITIVE MANUFACTURING

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Innovationsforum Blockchain

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CHAINSTEP IST PARTNER DES INNOVATIONSFORUM BLOCKCHAIN

Im Nov´17 findet in Hamburg ein 2-tägiger Kongress zum Innovationsforum Blockchain statt

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YOUR CONTACT

contact

Frank Bolten Managing Partner

phones

Mobile +49 151 212 64014 eMail frank.bolten@chaintep.com

online

Linkedin/com/in/frankbolten Twitter/BoFrank01

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thank you.