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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

Q & A

Email: marketing@jktech.com

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