El nuevo paradigma del blockchain

1. El nuevo
Paradigma
del
Blockchain
Joaquin Moreno
Blockchain Practice Lead
at Globant
@joaquinmoreno

2. GLOBANT TODAY
From inception, we have benefited from strong organic
growth and have built a blue-chip client base comprised
of leading global companies.
We have built a roster of world class clients, many of
which are at the forefront of emerging technologies.
RECOGNITIONS
5,300+ EMPLOYEES
35 DEVELOPMENT CENTERS
Globant Proprietary | Confidential Information
History
2003 2006 2008 2009 2012 2014 2015 2016
Founded Signed Google
Riverwood Capital and
FTV Capital invested
Studios launch WPP Invested
Listed on NYSE
(1st Latam IT company) Follow on SoP launched
Globant

3. IDC Vendor Assessment
IDC MarketScape Worldwide Digital
Strategy Consulting 2016 Vendor
Assessment
Capacity
EY
Participants
Competences
Major
vendors
Leaders
Roland Berger
Bain
KPMG
A.T. Kearney Capgemini
BCG
Cognizant
BearingPoint
Razorfish
CSC
DigitasLBi
SapientNitro
PWC
Deloitte
GLOBANT
Accenture
IBM McKinsey
Strategy
IDC Report
“Worldwide, Globant is seen as the most capable
of all firms at envisioning, planning, and
designing enterprise wide digital strategy, as well
as the IT road maps required to support such
initiatives. Clients also regard Globant as highly
skilled at meeting project timelines and designing
new or improved business processes.”
Worldwide Leader
Globant Proprietary | Confidential Information

4. Intro
Which problem does it solve?
How does it work?
Blockchains
Applications
Blockchain Problem Funnel
Use cases
Challenges
A glimpse into the future
Heading

5. Which
problem
does it solve?

6. 1) Byzantine General Problem

7. 100
100
100
100
100
Attack 9pm
Attack 9pm Attack 8pm
Attack 8pm
300
100
2 Simple Rules
1) Add the previous message to your message.
2) It takes 10 minutes to write the message.

8. 2) Double Spend

9. 1) Byzantine
General
Problem
2) Double
Spend
Source of
Truth

10. Fuente de
ConfianzaMathematics

11. Communications

12. Transaction Broadcast Propagation Validation Blockchain
Input Amount Output
Metadata
10
min
Proof of Work
How does it work? (Bitcoin)

13. Blockchain(s)

14. Transactional Blockchains
Consensus
Algorithm
Logic Optimized Blockchains
X min
Consensus
Algorithm
Only Transactions
X min
<code>
Transactions
+
< code >
(software/logic/smart contract)
Output
(commands, trx,
etc.)
Input
(oracles,
commands, trx,
etc.)
Type of blockchains
States

15. Sidechains
BTC
Corda
Other blockchains

16. Original Base Source: https://docs.erisindustries.com/explainers/blockchains/
Logic Optimized
Transaction Optimized
PermissionedUnpermissioned
ETHEREUM
Alt-Coins + Sidechains
Corda
Blockchains Quadrants

17. APPLICATIONS

18. P
R
O
B
L
E
M
Multiple
parties
exchange
information?
Parties need
to trust on
the
information
exchanged?
Yes
Intermediaries
are NOT
trustworthy?
Yes
Enhance
security is
required?
Yes Yes
B
L
O
C
K
C
H
A
I
N
C
A
N
H
E
L
P
Blockchain Problem Funnel

19. Provenance
Documents
Management
&
Trade Finance
Problem Inefficient (siloed) and unreliable
communication between SC parties.
Use Cases
Logistics

20. Data Base RFID GPS
Current Scenario
Farm Transp. Outbound Transp. Factory Transp. Storage Transp. Store
Logistics

21. Farm Transp. Transp. Factory Transp. Storage Transp. Store
RFID GPS
Blockchain Scenario
CustomerOutbound
Logistics

22. Provenance
Wine ( US$1billion)
Diamonds
Electronics
Art
Horses
Bicycles
Mining (samples)
Problem Counterfeit
Inefficient tracking systems
Use Cases
Food ?
High End Products

23. Medication Provenance
Test Management
Problem Counterfeit medicine
Test management
Use Cases
Pharmaceutics

24. Asset Depository
Custody
Currency Swaps
Trade capturing
Payments (interbanks)
Equity Contracts
Micro Lending
Syndicated Loans
Problems Clearing and Settlement
Use Cases
Finance

25. Self-sovereign Digital Identity
Access to Buildings, Banks, any
on-line service.
Passports, etc.
Expensive and time consuming KYC
processes. Leakage risks. Single
P-o-Failure
Problem
Use Cases
Identity

26. Problems
Use Cases Register and selling digital content
Revenue distribution
Pay-per-use
Copyrights
Payments
Content, Media, Marketing

27. Provenance
Devices smart contracts
Machines Identification
Problem Secure communication between
devices.
Use Cases
IoT

28. Car Insurance Check
Payments Executions
Private Quotations
Mutual Insurance
Problems Counterfeit insurance certificates
Authorities and regulators unable to
control.
Use Cases
Insurance

29. Problem
Use Cases Voting
Records
DAO (Decentralized Auton.
Organiz)
Non-transparent and Centralized
systems. Paper-based/manual filing.
Bureaucracy.
Governance

30. Stamp the certificate/diploma
information on the blockchain.
Verify professional skills in disaster
áreas.
Problem Fake Diplomas/Certifications. Trust
in a 3rd Party database to verify (fee).
Use Cases
Education

31. Problem
Use Cases Share electricity
Pay-per-energy-charged
Optimize Network utilization
Fixed prices
Inefficient network use
Energy

32. Globant Proprietary | Confidential Information
Medical Records
Interoperability
(More control to patients)
Problem Data availability and privacy
Use Cases
Healthcare

33. Challenges

34. 1) Scalability
2) Privacy
3) Security
4) Storage
5) Standards
6) Key Management
7) Industry Consensus
8) Regulation
5 to 7
15
100
155
2000
Challenges

35. 1) Scalability
2) Privacy
3) Security
4) Storage
5) Standards
6) Key Management
7) Industry Consensus
8) Regulation
1) What kind of information will be
available on a public ledger?
2) Do I want that all the members of a
private blockchain be able to see all
the information that I exchange on it?
Challenges

36. 1) Scalability
2) Privacy
3) Security
4) Storage
5) Standards
6) Key Management
7) Industry Consensus
8) Regulation
1) What if the cryptographics techniques
are broken?
Challenges

37. 1) Scalability
2) Privacy
3) Security
4) Storage
5) Standards
6) Key Management
7) Industry Consensus
8) Regulation
1) How much information can be stored
on a blockchain?
2) How can I manage to store large
amount of information and keep with
the same level of trust?
Challenges

38. 1) Scalability
2) Privacy
3) Security
4) Storage
5) Standards
6) Key Management
7) Industry Consensus
8) Regulation
1) Which is the standard to connect
different blockchains?
2) Is OK to have standards today when
the technology is just at its infant
stage?
Challenges

39. 1) Scalability
2) Privacy
3) Security
4) Storage
5) Standards
6) Key Management
7) Industry Consensus
8) Regulation
1) How should the private keys be
managed?
2) Is it there any process to recover the
password?
Challenges

40. Steal
Identity
BlockchainTraditional DB
Edit the past
Steal
Identity
CAN´T
Edit the past
Identity
Management
Blockchain Security to the Edge

41. 1) Scalability
2) Privacy
3) Security
4) Storage
5) Standards
6) Key Management
7) Industry Consensus
8) Regulation
1) Is it possible to get consensus between
competitors?
Challenges

42. 1) Scalability
2) Privacy
3) Security
4) Storage
5) Standards
6) Key Management
7) Industry Consensus
8) Regulation
1) How is going to be regulated?
Challenges

43. A glipse to the future

44. ETHEREUM
Exchanges
PermissionedUnpermissioned
Storage
Private
Private
Blockchain Ecosystem

45. COMPUTATIONAL PROBLEMS SOLVED
1) General Bizantine (nodes communications)
2) Double Spend (digital asset uniqueness)
USE: Create trustworthy communications between
humans and machines
BASIC STEPS (Bitcoin)
Trx creation -> Trx Broadcast -> Trx Propagation -> Block
Validation - > Link to other blocks
BLOCKCHAIN TYPES
1) Transactional: Bitcoin, other cryptocurrencies
2) Logic Optimized: Ethereum, Eris, etc.
3) Unpermissioned: Open to anyone
4) Permissioned: Only members
BLOCKCHAIN PROBLEM FUNNEL
INDUSTRY USE CASES
Logistics | Healthcare | Pharmaceutics | Finance | Identity |
High-End Products | Content | IoT | Insurance | Governments |
Education | Energy | Gaming | Robotics | Defense
CHALLENGES
Scalability | Privacy | Security | Storage | Standards | Key
Management | Industry Consensus | Regulation
FUTURE
Ecosystem integrated with storage solutions
Joaquin Moreno
Blockchain Practice Lead at Globant
@joaquinmoreno | joaquin.moreno@globant.com
Summary