Abstract The promise of blockchain, or specifically distributed ledger technology, has captured the attention of business and IT leaders across multiple industries. Now is the time to move from hype to reality.
Serge Lucio CA Technologies SVP Strategy & Product Management
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This session will examine use cases of pioneering companies that apply blockchain in a multi-party entity environment with immutable smart contracts. We’ll share how some DevSecOps requirements are fundamentally different for blockchain pilots and full deployment—from getting started with the right development environment to concerns of security, encryption and operational visibility. We will also discuss integration of blockchain with existing systems of record and the use of shadow blockchain as an evolutionary step towards adoption.
What Is Blockchain? Public/Permissionless Blockchain ▪ Anyone contributes data to the ledger ▪ No single owner of the ledger ▪ Slow consensus through miners
Private/Permissioned Blockchain ▪ Limited number of trusted participants. ▪ Blockchain Network has owner(s) ▪ Fast consensus through rules
Building Digital Trust at Scale With Blockchain DIGITISED
Operational efficiency gains
DECENTRALIZED
Eliminates need for central authority
IMMUTABLE
Reduced risk of fraud
IMMEDIATE
Supports near instant reconciliation
SIMPLIFIED
Reduces infrastructure complexity
Source: Adapted from Deliotte https://www2.deloitte.com/content/dam/Deloitte/au/Images/infographics/deloitte-au-fs-opportunities-implications-200516.pdf
Retail Supply Chain – Food Safety Example What Provenance of products in the supply chain is tracked
How Complete provenance details for each product, accessible across organization and suppliers
Benefits • Increased trust between suppliers and Walmart • Dramatic cost reduction in recalls ($93.2B per year for US economy
Why Real-time & accurate status while avoiding competitive leaks
Source: IBM Presentation. David Galvan. https://www 01.ibm.com/events/wwe/grp/grp308.nsf/vLookupPDFs/6%20Using%20Blockchain%20for%20Food%20Safe%202/$file/6%20Using%20Blockchain%20for%20Food%20Safe%202.pdf
▪ Start slow, test and run in parallel chain codes only, no source data
Considerations
New Blockchain Network
Source: Reuters article on Royal Bank of Canada https://www.reuters.com/article/us-rbc-blockchain/exclusive-royal-bankof-canada-using-blockchain-for-u-s-canada-payments-executive-idUSKCN1C237N
