Helping incumbents innovate with Blockchain€¦ · Blockchain. Key Attributes • Distributed and...
Transcript of Helping incumbents innovate with Blockchain€¦ · Blockchain. Key Attributes • Distributed and...
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Helping incumbents innovate with Blockchain
Alain NeyroudPrincipal Architect,IBM Blockchain Garage
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Agenda
• IBM Global C-Suite Study Teaser• IBM Cloud Garage• Introducing Blockchain for Business• IBM Cloud Garage Method & Blockchain: Lesson Learned• Q&A
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Dancing with disruptionIncumbent hit their stride
Trust in the journeyThe path to personalization
Orchestrating the futureThe pull of platform business models
Innovation in motionAgility for the enterprise
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We empower companies small and large to disrupt and transform by delivering cloud-based solutions in the minimum possible time using the IBM Cloud and the IBM Cloud Garage Method.
IBM’s consultancywith a startup DNA
IBM Cloud Garage
© 2018 IBM Corporation Nice, F
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Is your business idea as good as you think it is?
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Is your business idea as good as you think it is?
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© 2018 IBM Corporation
Cloud GarageFormula for Innovation
People | Places | Platform | Practice
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Collaborate across disciplines with clients to move faster and work smarter and produce engaging experiences.
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Business StakeholdersSubject Matter ExpertsDesignersDevelopersArchitects
People
We help you to move faster and work smarterDiversity is critical
© 2018 IBM Corporation
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Collaborative spaces spurinnovation
Change up your work environment and experience a fundamental culture shift to reach success. Reimagine collaboration and innovation with other innovators by your side. IBM Cloud Garages are embedded within tech incubators in some of the world’s largest startup communities.
Or a Garage works with you to setup a collaborative space in your city or location.
Places
T t G© 2018 IBM Corporation
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Use a combination of the most prominent open-sourcecomputing technologies to power your apps. Then, let the IBM Cloud handle the rest.
• Built-in DevOps to build and deploy fast
• IBM Cloud is built with leading cloud computing technologies: Cloud Foundry, Kubernetes, and OpenWhisk
• Leverage key services such as Blockchain, IoT and Watson
Platform = CloudInnovate easily, measuresuccess rapidly
© 2018 IBM Corporation
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Practice
Get hands-on, prescriptive guidance through the entire innovation cycle — from the initial idea through the first pilot project and to scaling the project to meet enterprise requirements.
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Hands-on practice fromideation to production
© 2018 IBM Corporation
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Innovate like a startup. Scale for the Enterprise. Architectures, best practices, and toolchains to jump-start your cloud and DevOps transformation.
ibm.com/cloud/garage
Brings together:• Enterprise Design Thinking• Lean startup / Minimal Viable
Product• Agile values, principles, practices• devOps & continuous delivery
IBM Cloud Garage Method
© 2018 IBM Corporation
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© 2018 IBM Corporation
Design Thinking
Design with Innovation target AND focus on end users
Leverage IBM Design Thinkingto understand the use case, the target users, and to rapidly explore potential outcomes. Converge to define business hypotheses, the Minimum Viable Product (MVP) and scope.
• Drive alignment across participants (Business and IT)
• Create a conceptual design for the application from which we derive a technical architectureand a prioritized backlog of user stories
© 2018 IBM Corporation
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Minimum Viable Product
Goal Minimum but not a product
Minimum Viable Product
© 2018 IBM Corporation
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Design Thinking
MVPGoals & non-goals
Wireframes
Inception
GoalRolesScope
Define StoriesInitial plan
Identify integrations
Iteration planning meeting
Retrospective
Development(weekly)
Story
Stand up
Story
Stand up
Story
Stand up
Story
Stand up
Story
Stand upUser or Sponsor Validation
pivot or preserve
& Learn
The 4Ps work together to delivery
• Ranked Backlog• Test Driven –
Development• Pair programming• Continuous
Integration• KISS• Refactoring• Build to Manage
© 2018 IBM Corporation
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Discovery Workshop
½ day
Garage Design Thinking
Workshop2-5 days
Garage MVP Build-up
6-10 weeksGarage
Architecture Consultancy
Start with a disruptive
idea
Ideate& design
the solution
Define theMinimum ViableProduct (MVP)
Build on IBM Cloud& Integrate with existing systems
Scale, Harden, Enable
Transform
Education
Garage Transformation
Cloud Service Mgmt &
Operations
© 2018 IBM Corporation
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Introducing Blockchain for Business
Blockchain for
Business
Shared, replicated,
permissioned ledger
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© 2018 IBM Corporation 18
Problem …
… inefficient, expensive, vulnerable
Insurer records
Auditor records
Regulator records
Participant A’s records
Bank records
Participant B’s records
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© 2018 IBM Corporation
… with consensus, provenance, immutability and finality
Auditor records
Regulator records
Bank records
Participant B’s records
Blockchain
Insurer records
Participant A’s records
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Blockchain : A shared, replicated, permissioned ledger …
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Separating Blockchain from Cryptocurrencies• Cryptocurrencies are one specific usage of Blockchain technology• Blockchain can be used to solve many more real-life business challenges
• Exchange of digital currencies using cryptography
• First crypto currency = Bitcoin• Fully decentralized • Pseudo-nymous participation, Transparent
activityCryptocurrency
Blockchain
Key Attributes • Distributed and Sustainable (Finality)• Secure and Un-editable (Immutability)• Transparent and Auditable
(Provenance)• Consensus-Based and Transactional
(Consensus)• Flexible and Orchestrated
(Smart Contract)
However, we need few key attributes for Blockchain to be business ready
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Blockchain for business requires trust
Append-only distributed system of record shared across
business network
Business terms executed with transactions
Transactions are provably endorsed by relevant participants
Transactions are secure with
appropriate visibility Privacy
Shared ledger
Smart contract
Proof
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© 2018 IBM Corporation
Characteristic Description Example
Siloed RepositoriesEntities independently maintain similar datasets, maintaining their own version of the truth.
Ledger to track ownership of financial assets
Multiple Writers / Network Effect
More than one entity generates transactions that impact data which is maintained by multiple institutions.
A customer of multiple banks exchanges assets between them.
Minimal TrustParties involved in the processes within a given business process do not trust each other.
Multiple parties within a trade finance agreement that don’t trust each other impose layers of verification and impose collateral requirements
Intermediaries Current state processes are heavily dependent on intermediaries for execution.
Transforming the role of a central intermediary to drive “trust” within a given business network.
Process DependenciesFulfilling a given process requires input/action by multiple parties, or there are multiple transaction dependencies to execute a process.
Loan securitization requires several upstream processes, including loan issuance, servicing, etc.
Right characteristics for applying this technology
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© 2018 IBM Corporation 23
Making blockchain real for business with over 400+ engagements and multiple active networks
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Blockchain Initiatives: From MVP to Production
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Applying the garage method for Blockchain initiatives -5 Lessons Learned
1. Dream big – and act incrementally
2. Identify business challenges and opportunities
3. Collaborate to create business value from the beginning
4. Govern for the future
5. Blockchain is a team sport – make connections!
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2
3
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Dream big – and act incrementally
Governance
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• Know your “North Star” but start a pilot project with your minimal viable ecosystem (MVE)
• Consider funding and economic model of the distributed network
• Define your hypotheses and plan to refine based on feedback
.
.. Group M
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Identify business challenges and opportunities 2
• Start with deep industry/subject matter expertise
• Explore the problem space and ask yourself “Who”, “What”, “Why”
• Leverage scenario mapping for all the roles and participants in the network
• Evaluate blockchain characteristics to determine fit
If a business problem is yours — and yours alone — blockchain may not be the remedy you’re looking for.
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Collaborate to create value 3
• Make sure each participant has a positive return on investment
• Link the investment case and business model
• Remember the intangibles
Financial Network Provider
EnergyUtility /
Aggregator
System Operator
(Regulator)
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Govern for the future4
• Don’t delay decisions on data ownership, IP and legal governance
• Solution governance versus blockchain governance
• Governance, like value evolves as the network scales. Be prepared to adapt.
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Blockchain is a team sport – make connections!5
Global trade
Consumer industry trade
Trade finance
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TheFounder’s HandbookYour guide to getting started With blockchain
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Questions? Tweet us or go to ibm.com/blockchain
@IBMBlockchain
IBM BlockchainIBM Blockchain
What will we solve together?
Alain [email protected]
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