Blockchain technology is still in early adoption by enterprises similarly to how cloud and big data were several years ago. While there is potential for use cases across many industries, enterprises face challenges selecting the right technology, implementing without reinventing the wheel, learning from other organizations' experiences, and finding qualified expertise. Fluence.sh aims to address these challenges as a blockchain infrastructure as a service that supports various technologies and provides features like smart contract security through their SDK, APIs, and other tools.
2. Technology Movement
In the last 15 years or so, we have experienced a significant business
transformation because of open-source software, cloud, big data and
artificial intelligence (AI). These are not just buzzwords anymore because
enterprises have adopted various technologies that fall under the umbrella of these
terms.
Blockchain is at the same place where the cloud and big data were several years
ago.
Source:https://www.forbes.com/sites/forbestechcouncil/2018/05/14/blockchain-in-enterprises
6. For most people, their first
impression of the term
“Blockchain” was in relation
to Bitcoin or Cryptocurrency.
The question is “How
can I use blockchain in
my enterprise?”
7. Just a chain of blocks linked together
All of these blocks are chained together using secure cryptography,
which is like an unbreakable lock
And each block represents a list of data
The most important thing about blockchains is trust
So you can securely exchange value without going through a
middleman who imposes regulations or censorship
You do not need to trust a human. A proper Blockchain is
trustworthy without needing to trust the nodes of the miners
Why are they so cool?
So what is so important?
Cryptozombie
Etherboy
https://delegatecall.com/what-is-blockchain/#/lesson/2
8. Predictions
90% of the enterprise blockchain projects launched in 2016 and the first half of
2017 will meet a premature end within 24 months.
The business value-add of blockchain will grow to slightly more than $176 billion by
2025, and then it will exceed $3.1 trillion by 2030
In 90 percent of cases, the experiments with blockchains will never become part
of a company’s operations, according to Forrester Research Inc.
“They want to see other people fail first - they don’t wanna be a guinea pig,”
said Brian Behlendorf, executive director of Hyperledger. “It’s just the nature of
enterprise software."
Gartner:
Forrester:
9. Blockchain Disruption
Blockchain is disruptive in the same way quantum computing will be.
You can’t ignore the beauty of decentralization and this new way of exchanging
information without involving a middleman.
Blockchain is not cryptocurrency, and it can fit into enterprises
as a part of their enterprise solutions.
Source: https://www.forbes.com/sites/forbestechcouncil/2018/07/09/seven-ways-
advancements-in-technology-will-change-the-near-future
11. DL Data is geographically spread across multiple sites, countries, or
institutions.
BC All Blockchains are DL but not vice versa or All DL
SC SC is a computer protocol and is not supported on all
Blockchains
12. Non-ICO
Cyptogurus: Bitcoin And Crypto Will Take Over The World
Enterprise Architects: Let’s don’t discuss crypto or ICO
business as my CFO won’t approve any investment in ICO or any
other kind of Cryptocurrency.
Let’s discuss how Blockchain can help us to improve customer
experience and exchange information between LOB.
15. Blockchain
● Ability for IoT applications to
contribute transactional data to
blockchains
● Patient databases on blockchain
● Drug supply chain integrity
● Claims adjudication
● Medical supply chain management
● Clinical trial provenance - integrity with an
auditable trail of data exchange
● Transparency within the patient-to-hospital or
patient-to-doctor transactions
● Efficiency, privacy, ownership of patient health
data
● Fast and secure transactions
● Empower global transactions
● Minimize auditing complexity
for any financial ledger
● Tracking journey stops; paired
with IoT to create an
immutable ledger of trip data
● Make credit reports more
accurate, transparent, and
accessible
● Loyalty / reward
management
● Tokenization of real estate
● Reduce paperwork
● Track truthful, full history of
vehicle from pre-production to
sale
● Supply chain parts management
● Improve multi-party contracts
● Streamline risk contract efficiency ● Smart contracts with defined rules,
expiration and accessibility for relevant
parties
● Federated repository of academic information
specific to class, professor, and student
● Control of ownership rights
● Use of smart contracts for artist compensation
/ legal proceedings
● Payments processing - cryptographics,
secure, anti-3rs party
● Tracking gun ownership and possession related information
● Tracking criminal ID history and attempts to purchase
IOTCommercial
Vehicles and
Transportation
Healthcare
Automotive
Gun
Safety
Education
Insurance
Legal
Media
Credit
history
Travel
&
Retail
Real
estate
Banking
&
Finance
17. Technology
Besides the presence of various technologies that claim to be applicable to blockchains on
the market there is still the challenge in choosing exactly that technology which
best fits your business use case story.
Moreover lack of genuine information about how other companies are using
them creates a blurry picture when it comes to the actual execution.
The smartest way is not the easiest one.
But nobody wants to spend too much time and money on just running various proofs of
concepts. So then adding or removing technologies based on the proof of
concept could also be challenging. It becomes more complicated with a lack of an
enterprise-ready software that enable developers to execute smart contracts to test and
fail fast.
18. Reinvent the wheel
Despite the fact that mostly all blockchain technologies are
open source, the challenge is still in how to take the
chosen technology and bring it to
production.
19. Technology Partner
Based on the previous challenge we can say, there is a strong need
for software as a service, which can provide a productive, cost-
effective and simple approach to have blockchain as part of an
enterprise solution.
But the goal to find a partner company that has a proven
track record of working with blockchain is not the easiest one to
achieve.
20. Learn from others
Lack of true information on other organizations' production stories, and that
creates a challenge about deciding on what technology to use and which practical
use cases to emulate.
Even so, you should still perform the following:
Conduct smart Q&A sessions with technology partners help to design a better solution.
Understand the business use cases or pain points of a particular product, and then get to
the point of why and how blockchain helped to solve the problem.
Research thoroughly to pick the right technology partner, as mentioned above.
21. COE
As we are starting to see more implementations of blockchain,
there is a lack of access to genuine blockchain experts. COE
plays a key role, and the structure of COE varies from the
organization to organization, but at the generic level, you can
imagine having a product manager or project manager at the
core and business and technology people communicating to the
core. The core helps to build the bridge between
various people involved.
22. Businesses want their technology teams to figure out creative
ways to provide faster and more accurate information
for their end users, customers, vendors and any other line of
business within the organization or outside of the
organization.
Besides the workforce challenge, the lack of knowledge
about blockchain technologies makes it difficult to find a
true use case within an organization that matches perfectly
with the technology.