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Blockchain on AWS for Businesses
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)
BLOCKCHAIN
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 Contract Shared Ledger
Cryptography
Consensus
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
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 $1 billion in 2017.
A McKinsey & co analysis suggests the following three key insights on
the strategic value of blockchain:
- encourages permissioned commercial applications.
- Shot Term Value – reducing cost
- Long Term Value – Business Model transformation
- Road Block – difficulty of resolving the “coopetition” paradox
Benefits of Blockchain
• Reduction in KYC costs • Secure Identity
• Compile documentation on customers and stakeholders (KYC) is a costly, time-consuming process
• Efficient and quicker settlements • Financial processing can be greatly enhanced via smart contracts
• Lower risk of fraud and theft • No data centralization as its particularly vulnerable. E.g. theft of
millions of customers' personal data as Yahoo (1 Billion, 2013), JP Morgan (76 Million, 2014) LinkedIn (117 million, 2012)
• Data is encrypted and immutable
• Automation of tasks • Automated process and render more security by eliminating the
need for certain human input
• Better pricing • Behavioral factors compiled by connected devices and
exchanged on a blockchain, can influence risks and thus pricing can be almost constantly adjusted and optimized
Cut costs
Strengthen security
Bring efficiency
Simplify compliance
New digital business models
Goldman Sachs considers that blockchain technology in banking could save the industry between US$ 3 billion and US$ 5 billion in costs
Blockchain Platforms for Business
• Input–output
• Contract–message
Transaction Rule
• Endorsements
• Adapted runtime
• Purpose-built VM
Determinism
• Read-write sets
• Single spend
• Contract checks
Conflict Prevention
Problem Statement
How to effectively trace the
delays in the supply chain
network using a technology
solution like blockchain?
Track n Trace
Track n Trace Hyperledger on AWS
Proposed Solution
A permissioned blockchain
network using Hyperledger
Fabric with stakeholders as
participating nodes.
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
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)
Model File
Script File
Access Control
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
Track n Trace: Demo
Key Takeaways
What is Blockchain? Strategic value of
Blockchain
Comparison of Blockchain Platforms
Deployment of Hyperledger Fabric on AWS
THANK YOU I N D I A
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