Blo lockchain hain Lo Look oking ing Thr hrough ough The he - - PowerPoint PPT Presentation

• Dr. Paritosh Basu @paritoshbasu
• Senior. Professor NMIMS University

School of Business Management

World Blockchain Summit, Dubai

October 24 and 25, 2017 o

Blo lockchain hain – Lo Look

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The author acknowledges that freely available graphics through internet have been used for this presentation with the objective of propagating knowledge.

Emerging Technology and Impacts of Business

Source: Twitter

IT Leadership Group is expected to

▪ Look through the windows ▪ Reflect on markets, customers opportunities, and then ▪ Co-create digitally driven strategic business plan ▪ Execute with highest impact on ROI at least possible cost

Source: Tech Trends, 2017 Deloitte University Press

The Gigantic Digital Universe

Note: One Zettabyte is equal to one billion terabyte

Two Observations ▪ 38.95% CAGR of data increase till 2020 – 4.4 ZB in 2013 to 2020 ZB ▪ Only 37% of generated data will be useful if analysed Two Big Question stions ▪ Will Blockchain be able to contribute to decision making if it is used as a overlay on Data Analytics? ▪ Will DLT be able to serve far better causes of humanity for inclusive growth of poor?

Blockchain Technology Distributed Ledger Technology (Each online anonymous Ledger is protecting identities of users) Cryptographically enabled Distributed Database Management System (DDBMS) (Each node is linked in a chain and and each transaction is a block)

What is Blockchain Technology

Source: http://www.iamwire.com/2016/12/startups-blockchain-technology-india/146811 #Technology quantum leaps brings transformation by in speed, storage, services, and sensors #Startups shall succeed by doing the same for customers at #market

• place. #Blockchain #AI

Can you bring the sensor when you use DLT?

https://briandcolwell.com/2017/06/a-giant-sized-history-of-bitcoin/.html Source:

Block Chain = The Technology Power House

Bloc

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hain to rewrit write e pr proce cess s trans nsforma

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ion, a few w exampl amples es

▪ Destrup upt traditional business models ▪ Bizrupt upt the last process of business delivery ▪ Service delivery through a seaml mless ssly ly secured ed chain link ▪ Rewrite inclusive character of digital technology applications ▪ Replac ace e tradi ditional tional mod

• del

el of institutional banking ▪ Create self executin uting smart t contr trac acts ts ▪ Use Key-le less ss Sign gnatu ture infrastructure ▪ Cause significant legal al disr srup uptions tions

Blockchain would be an useful economic overlay to what is increasingly becoming a seamless multidevice computing; including wearables, IeT, etc. Blockchain Layer could facilitate BigData’s Predictive Task Automation Big data’s predictive analysis could dovetail perfectly with automatic execution of smart contracts - Combination of Big Data and Blockchain will enable data anlytics from proactive to reactive > predictive analysis

Blockchain hain Technology hnology belie ieves es in a single le version sion of Truth, th, and d is built lt

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e founda ndation tion of Trust st

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What t you trus ust t is not necessarily cessarily True, and what t is true ue is not t necess cessarily arily what t you Trust st

Blockchain Technology – Challenges in Framework Building

 Crea eativ ive e inf nforma

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tion driv iven en framework, simpl ple to operate  Secured storage of immuta utable le and audit itable e data a  Dynam amic ic busines siness s process cess management using cold data in DL  Facilitate busine iness s de decis ision ion mana nageme ement nt with smart data analytics  Keyless yless crypt yptog

• graphed

phed signa natur ture e infrastructure  Inter eroper

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bility ity of Blockchains  Omnic ichannel hannel mastery tery in digital solutions for customers’ problems  Collaborative integration for strate tegi gic c value lue chain in disr srupti uption

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 Ability to serve e common mon peopl ple e to drive wide de-spr spread ead adopti ption

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7 Ts for success ▪ Technology ▪ Talent ▪ Truth ▪ Trust ▪ Transparency ▪ Tenacity ▪ Timeline

If you don’t know what you don’t know then you don’t know how to fix it

Blockchain Technology – Challenges in Business Solutioning

 Providing viding busines iness-read eady solution ution than only sporadic applications  Handling unique que elements ments of each h trans nsact action ion and not straig aight ht jacketi eting ng of solutions  Su Susta taina inabi bili lity ty through dynamic business environment with VUCA A  Minimis nimisation tion of value lue destr struct uction ion across all applications  Self lf-governing erning smart t contr tract acts s handling varieties of transactions  Regul ulator

• ry interventions for cros
• ss-

bo borde der transactions and taxation  Determination of exact act natur ure e of Digita ital l Asset sets, and its protection

Value propositions through transactions

• 1. Facilitating

customer’s decision making process

• 2. Security of

information and protection of wealth

Source for graphics: https://www.cognizant.com/InsightsWhitepapers/Digital-Banking-Enhancing-Customer-Experience-Generating-Long-Term-Loyalty.pdf

Directional Thoughts on Adoption and Application of Blockchain Technology

 Blockchain will succeed in attaining ‘Darling of the mass status’ like

#internet if it is adopted and applied with the mindset of universal

• altruism. #technology #disruption

 Blockchain technologists cannot adopt a tribal status.  #Humanity is one and the world is its home. Hence the need of a global

regulatory body for directional guidance, monitoring #Cryptocurrency

 #Blockchain will succeed if it can break political boundaries

like internet has broken geographical boundaries. #technology #disruption

 If you want the market lion’s head as Winning Trophy do what it has

never done and solve customers’ problems it never perceived. #startup

Don’t challenge your limits, limit your challenges

You can limit challenges by your KASH*, Innoventive mind and Stragility

*KASH brings Cash – Knowledge, Attitude, Skill and Habit

“A vision is not a project report or a plan

• target. It is an articulation of a desired end

result in broader terms”.

• A. P. J. Abdul Kalam, Ex President of India

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Thank ank y you

• u