Post on 06-Jul-2020
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Usage of Blockchain in Telco, KT Case Study
1 Biz & Service Paradigm Shift
2 KT Case Study
3 Telco’s Perspective
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Blockchain and Service innovationBoom of Crypto Currency investment! What is our opportunity in crypto currency Bubble?
Skyrocketing of Crypto Currency price! Speculative frenzy of ICO !
Bitcoin850% ↑ in 2017
Altcoins341B $ volume
Amazon came from ‘.com bubble’ , who is next Amazon from Chain bubble?
10K $/coin
1.3K altcoins
Initial Coin Offering
Blockchain Startup
3 Billion $
1.5K startup
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Definition of ‘Blockchain base Service Innovation’
Legacy Middle-man Digitalized Middle-man
Amazon: connectivity between Online and Offline!
Next Amazon with Blockchain: The Trustful Connectivity among the industrial Players
1. Transformation of Middle-man Biz
2. Trust High way for 4th Industrial Revolution
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Blockchain is changing the world !금융 – Blockchain base real-time Global Remittance network vs. Legacy SWIFT*Finance
SWIFT
RIPPLE
• Low-volume
• High-cost
• Slow
• Batch Payment
• High-volume
• Low-cost
• Real-time
• P2P Payment
Crypto Currency(XRP) base Remittance
Volume: 20B $, Connection with Global 100 banks
(* Society for Worldwide Interbank Financial Telecommunication)
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Blockchain is changing the world !금융 – Blockchain is making the innovation of Legacy SCM, with providing the transparency & efficiency.SCM
Food Safety
Farm Processor Distributor Retail
…
Logistics
Bank
Logistics
Port
Custom
Exporter
ImporterBank
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Blockchain is changing the world !금융 – Blockchain is making the innovation of Legacy Energy biz area, with providing the trustful and
efficient P2P energy trading feature among the distributed Generators, E-prosumers.Energy
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Blockchain is changing the world !금융 – Direct trading between Content Creator and Consumer, Direct investment to Content Creator,
like composers/singers
Media
Content Platform
Drummer
Singer &Song-writer
Guitarist
Smart Contract(Pay per Play)
Listener
25%
50%
25%
Artist Coin
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Potential power of BlockchainLike countless Internet Application, Big chance & opportunities in Blockchain
• Email (SMTP)
• File tx (FTP)
• Web (HTTP)
• Management (SNMP)
• Portal• YouTube• OTT
TCP/IP Blockchain
Use cases ?
vs.
All IP application
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New ‘Value Transaction Biz’ Opportunities in X-Biz
Digital Contents Data Storage
• IPTV, Music streaming
• Micro-Licensing, Secure
Rights Management
• Cloud/Data Center Biz.
• Secure Access Control,
Ransomware-Free
IoT G/W
Healthcare Energy
• Chain of Everything
• IoT Data smart
transaction
• Health Chain
• Reputation mgmt
• Health License mgmt
• Energy Chain
• P2P Energy trading
Privacy Protection
• Perfect privacy preserving
• Secure voting
Transparent Donation
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Cloud
Blockchain as a Service
Enterprise
Service & Solution
SCM
Food Safety
Financial
Consortium
Status of ‘Blockchain-based Service Revolution’ in Real-world
Strengthen Legacy market with Blockchain New Biz Incubation & Market Disruption
Are you ready for ‘Big Biz Shift with Blockchain’ ?
Over 1,500 Startup companies
just POC level
BigPlayers
MarketLegacy
SmallStartup
MarketDisrupter
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Authentication Blockchain
Hurdles in Blockchain-based Service Revolution‘Innovative Technology & Smart Business model’ to be Working successfully in current Legacy Biz environment
Regulation
Technology
Market power of Centralized LEGACY player
e.g.) Legacy Energy price from KEPCO
vs. Renewable Energy price
Regulation over ‘Technology Growth’
e.g.) Privacy Protection vs. Utilization of personal data
Market power of Centralized LEGACY IT Solution
e.g.) OAuth vs. Blockchain-based authentication
Market
Energy Blockchain
Personal Data Blockchain
Big Difference between each countries
▶ Global Biz vs. Local Biz
Regulation >>Technology
▶ Regulation improvement !
▶ Technology to overcome regulation !
Why Blockchain ? Which Benefit?
▶ Technology to make market shift !
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Prerequisites for Real BusinessNeeds Disruptive BM with “Stable Performance and Trust”
Most users are accustomed to ‘Legacy Biz Infra like internet, high speed & no limitation’
Decentralized/Distributed Technology
Performance guarantee ?
(Trust of node, transaction speed, Network delay, loss etc.)P2P network
ConsensusAlgorithm
Uncertainty about Finality
(Real-time processing?)
Performance ?(Block time)
Real-time ?(Block Confirmation time)
Blockchain (Public) vs. LEGACY
3~100 TPS
Transaction Per Sec
> 10K TPS
Transaction Per Sec
10min~1hour Real-time
E-Commerce, Mission Critical biz ?
1 Biz & Service Paradigm Shift
2 KT Case Study
3 Telco’s Perspective
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Security solutions
* MRO
Online Bank Payment Processing
Payment Gateway
Mobile Voucher
* maintenance, repair and operation
New Biz Chance for KT & KT’s subsidiaries
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KT Smart Contract Use Case (1)
Vending machine @ Cashier-Less Store Coffee Vending machine @ office
Smart Contract with Programmable function
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KT Smart Contract Use Case (2) Global Epidemic Prevention Program (Prototype to be completed by Jun, 2018)
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ESC(Electronic Signature Capture) System
Inefficient High cost of solution
Optimization of Storage capacity
Efficiency
at work
Open source
S/W
Processing Time 88%↓ (Max. 3H 20min.) Server Consumption 84%↓ (Max. 1.7GB 270MB)
Waste of storage capacity
Managing a huge volume of customer information places an increased burden on companies
BC Card has adopted KT’s Blockchain-based electronic signature capture (ESC) system
ESC (July, 2017)
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EDMS(Electronic Document Management System)
Save license fee and minimize additional changes Improvements in efficiency at Back-up and automatic synchronization among nodes
Blockchain-based database to ensure data integrity in cloud computing environments
Launched Data Chain for electronic document management systems in partnership with BC Card
EDMS* (Feb. 2018)
Reduce TCO
Optimization (Server, Capacity)
Data security & integrity
Financial Institutions
- Credit Card, Insurance, Securities
Non Financial
- IoT, Health, Public service
ETC
- Call Center Recording of voice, CCTV, Contract
* EDMS(Electronic Document Management System
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Digital Asset Exchange Platform
Merchant side Clearing & Settlement Customer side Use, Top-up, Deduct, Check, Convert to other items (mileage, point…)
Customer
Customer
Merchant
Apply K-Coin, a Blockchain based virtual currency platform to mobile coupon service ‘Giftishow’
- Clearing & settlement with Franchise, Customer’s payment
K-Coin
Digital Asset Exchange Platform
based on Blockchain
Clearing
& Settlement
Use, Top-up, Deduct, Check,
Convert to other items Send as a gift
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Blockchain-based Carrier Roaming Clearance & Settlement
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Extension of Blockchain based Roaming Clearance & SettlementImplementation of Cross-Carrier Value Added Service Incubation
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Blockchain base KT SSO
1 Biz & Service Paradigm Shift
2 KT Case Study
3 Telco’s Perspective
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Telco’s Perspective for Blockchain TechBlockchain platform-less ‘Omni-Exchange platform’ for every transaction/things
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Telco’s Perspective for Blockchain TechImplementation of Omni Exchange Infra from Managed, Fast, All-Round Blockchain technology
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Differentiated Telco Blockchain: KT Operator Blockchain