The benefits of Blockchain network have been well established. Clarity is needed in identifying the use cases that can be effectively resolved by Blockchain.
Business Benefits of Using Blockchain:
• Reduction in KYC costs.
• Efficient and quicker settlements.
• Lower risk of fraud and theft.
• Automation of tasks.
• Better pricing.
In this document, our experts share experiences covering major topics along with showcasing an industrial application of a Blockchain network deployed on AWS to instill transparency in retail supply chain network.
Key Takeaways:
• How to evaluate the trade-offs involved in a Blockchain network design?
• How to choose the right platform?
• Deployment of Hyperledger on AWS and AWS managed Blockchain.
• Demonstration of Blockchain network for improving transparency in the retail network.
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Unleash Your Potential - Namagunga Girls Coding Club
Blockchain on AWS for Businesses
1. JKT - a HIGH IQ company,
excelling in innovation & quality
Blockchain on AWS for Businesses
2. SPEAKERS
AKASH GOVANI
Tech Project Manager – Digital
6 years in leading Digital Transformation initiative
IMT Ghaziabad (MBA), Nirma University (CS)
HIMANSHU MALVIYA
Blockchain Developer – Digital
Developing scalable digital solutions
IIT Roorkee (M. Tech & B. Tech)
4. BLOCKCHAIN - TRANSPARENCY, EFFICIENT,
AUTHENTICITY, PRIVACY
Broader participation, lower cost, increased efficiency
Distributed
Systems
(Distributed
consensus, Fault
Tolerance,
Replication)
Cryptography
(Merkle
hashes,
Signing, Proof-
of-Work)
Networking
(P2P networks,
communication
protocols)
Databases
(Transaction
processing,
Consistency,
Linearization)
Smart ContractShared Ledger
CryptographyConsensus
Business terms
embedded in transaction
database & executed
with transactions
Ensuring secure,
authenticated &
verifiable transactions
Append-only system of
records shared across
business network
All parties agree to
network verified
transaction
5. Blockchain – Strategic Value
• World Economic Forum survey suggested that 10 percent of global
GDP will be stored on blockchain by 2027
• past two years alone have seen more than half a million new
publications on and 3.7 million Google search results for blockchain
• Venture-capital funding for blockchain start-ups consistently grew and
were up to $1 billion in 2017.
A McKinsey & co analysis suggests the following three key insights on
the strategic value of blockchain:
- encourages permissioned commercial applications.
- Shot Term Value – reducing cost
- Long Term Value – Business Model transformation
- Road Block – difficulty of resolving the “coopetition” paradox
6. Benefits of Blockchain
• Reduction in KYC costs
• Secure Identity
• Compile documentation on customers and stakeholders (KYC) is a
costly, time-consuming process
• Efficient and quicker settlements
• Financial processing can be greatly enhanced via smart contracts
• Lower risk of fraud and theft
• No data centralization as its particularly vulnerable. E.g. theft of
millions of customers' personal data as Yahoo (1 Billion, 2013), JP
Morgan (76 Million, 2014) LinkedIn (117 million, 2012)
• Data is encrypted and immutable
• Automation of tasks
• Automated process and render more security by eliminating the
need for certain human input
• Better pricing
• Behavioral factors compiled by connected devices and exchanged
on a blockchain, can influence risks and thus pricing can be almost
constantly adjusted and optimized
Cut costs
Strengthe
n security
Bring
efficiency
Simplify
compliance
New digital business
models
Goldman Sachs considers that blockchain technology in
banking could save the industry between US$ 3 billion
and US$ 5 billion in costs
7. Blockchain Platforms for Business
•Input–output
•Contract–
Transaction
Rule
•Endorsements
•Adapted runtime
•Purpose-built VM
Determinism
•Read-write sets
•Single spend
•Contract checks
Conflict
Prevention
8. Problem Statement
How to effectively trace the
delays in the supply chain
network using a technology
solution like blockchain?
Track n Trace
9. Track n Trace
Hyperledger on AWS
Proposed Solution
A permissioned blockchain
network using Hyperledger
Fabric with stakeholders as
participating nodes.
10. Track n Trace: Technology Stack
Hyperledger Fabric v1.2
Hyperledger Composer
v20.5
BLOCKCHAIN
UI
Sencha Ext JS
SERVER
a T2 medium for each node –
Hyperledger
T2 Micro – Ext JS UI
11. Track n Trace: Deployment Steps
Starting a Hyperledger Fabric network
Building a connection profile and Generating and
Locating the certificate and private key for the
Hyperledger Fabric administrator
Creating a business network card for the Hyperledger
Fabric administrator
Importing the business network card for the
Hyperledger Fabric administrator
Installing the Hyperledger Composer business
network onto the Hyperledger Fabric peer nodes(bna
file)
15. Track n Trace: Deployment Steps – 2/2
Starting the blockchain business network
Importing the business network card for the business network
administrator
Generating the rest server and web server.
Building the UI
19. THANK YOU
I N D I A
JK Technosoft Ltd.
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