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"Blockchain Webinar – A Revolution You Can’t Stop" by Intellectsoft

More Details:<br>Intellectsoft Software Development Company: intellectsoft.net<br>Blockchain Consulting & Development Lab: blockchain.intellectsoft.net<br>Watch the Webinar - https://youtu.be/2av_goSQVVo?list=PLMifjE1aUsLMMLnvZKwH1Y3WPjFb13p-f Given the fact that there is still no agreement on what blockchain is and how to evaluate its current popularity, blockchain developing and consulting specialists are in high demand nowadays. And when such professionals share their knowledge with others, it’s always possible for readers to find something worthy and interesting among their ideas. In this context, the presentation prepared by Intellectsoft software development company is not an exception from this rule. Specifically, it succeeds in explaining the essentials of blockchain and providing understanding what blockchain may mean for your business. Structurally, the overview consists of six parts. First, the company refers to the very basics of blockchain: what people mean by this word, what are those four structural elements of blockchain transaction, why it requires your attention. Then, the readers can gain a deeper understanding of what Smart Contracts and mining are and how to work on these activities within blockchain. Furthermore, Intellectsoft reveals several industries where this technology works the best: finances, government operations and healthcare, especially. In addition, the practical differences between private and public blockchain are explained – in a short way and by using an easy-to-follow structure. In the end, the company helps the reader decide whether blockchain is a really good decision for a specific business – and if so, what are those key elements of it that should be taken in consideration. And even if you didn’t think that blockchain may be a part of your corporate reality – by reading this, you’ll inevitably think about it and develop a more argumentative answer to this question.

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"Blockchain Webinar – A Revolution You Can’t Stop" by Intellectsoft

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  1. WEBINAR BLOCKCHAIN – A REVOLUTION YOU CAN’T STOP DECEMBER 14th, 2017

  2. INTRODUCTION TIM KOZAK SERGEI BULGAKOV Head of Blockсhain department at Intellectsoft Senior FinTech Consultant at Intellectsoft 9+ years of experience in tech 12+ years of experience in tech and consultancy Co-founder and CTO of multiple startups Microsoft, Western Union, Transpay

  3. MEET INTELLECTSOFT 7 10 YEARS 300+ DEVELOPMENT TEAM 200+ PROJECTS DELIVERED OFFICES AROUND THE WORLD EXPERTS IN: Blockchain-based solutions Enterprise software solutions Mobile product development FinTech projects www.intellectsoft.net

  4. AGENDA What is blockchain and how it works Public vs Private blockchains Main benefits of blockchain Q&A Smart contracts Announcements Real-life use cases

  5. WHAT BLOCKCHAIN IS WILL BLOCKCHAIN CHANGE OUR LIVES? YES, RADICALLY!

  6. WHAT BLOCKCHAIN IS: CHALLENGE: UNDERSTAND BLOCKCHAIN IN 10 MINUTES

  7. WHAT BLOCKCHAIN IS A FORMAL DEFINITION: A blockchain is a decentralized and distributed database, a public digital ledger that is used to record transactions.

  8. BLOCKCHAIN BUILDING BLOCKS IT’S NOT JUST ONE THING DATA MULTIPLE COPIES ACCESS KEYS THE WATCHDOG FINGERPRINTING

  9. BLOCKCHAIN BUILDING BLOCKS ACCESS KEYS It’s a mathematical technique used to validate the authenticity and integrity of a message, software or digital document. Holds account address Gives access Signs transactions Impossible to guess No “Forgot my password” You can have a bunch of them

  10. BLOCKCHAIN BUILDING BLOCKS DATA FINGERPRINTING A cryptographic hash function is a kind of algorithm that can be run on a piece of data, like an individual file or a password, to produce a value called a fingerprint. Creates the chain Gives immutability Integrity can be checked Used everywhere

  11. DATA FINGERPRINTING EXAMPLE 718b3ba4d288a23b8fdb5aee2d64e580da4e04da506013409c363471285 intellect intellect 718b3ba4d288a23b8fdb5aee2d64e580da4e04da506013409c363471285 add7619137296248fb3738da9819e61fff3fa21b011c72508e9a61f60c0b73c0 Intellect

  12. BLOCKCHAIN BUILDING BLOCKS DATA FINGERPRINTING A cryptographic hash function is a kind of algorithm that can be run on a piece of data, like an individual file or a password, to produce a value called a fingerprint. Creates the chain Gives immutability Integrity can be checked Used everywhere

  13. BLOCKCHAIN BUILDING BLOCKS MULTIPLE COPIES A blockchain database isn’t stored in any single location, meaning the records it keeps are easily verifiable. No centralized version of this information exists for a hacker to corrupt. No single place to hack Multiple copies to compare Distributed across the world

  14. BLOCKCHAIN BUILDING BLOCKS THE WATCHDOG (Consensus) Algorithm that runs on a distributed network and decides which version of data is a valid one. New data approval Runs 24/7 on all copies Checks signatures and balances

  15. COMPONENTS IN ACTION 1 2 3 4 PRIVATE KEY TRANSACTION BLOCK 25 NETWORK Shared with everyone! It’s suggested as a new row to the last record From To Amount Sign User with an Access Key addr1 addr2 10 { } BLOCK 25 BLOCK 26 6 7 8 It is there forever. 5 BLOCK 25 CONSENSUS BLOCKCHAIN CONSENSUS Record gets closed and fingerprinted Majority approves Every dog checks funds and signatures

  16. HOW IT WORKS THE END RESULT: Highest level of security — no one except you can access your account Self sufficient and unstoppable Fast and works 24/7 No stealing. No editing. No guessing. No hacking If you gave something away there, it’s not yours anymore (пункты появляются по очереди)

  17. SMART CONTRACTS BLOCKCHAIN IS NOT ONLY ABOUT TRANSFERRING MONEY

  18. SMART CONTRACTS IT’S ALSO ABOUT TRUST Sell a house Release securities Borrow a car for 2 hours Run crowdfunding with no fees Run an auction for your baseball cards Share medical data Collectively buy gold

  19. SMART CONTRACTS AND ALL THIS: Can’t be broken Can’t be changed Can’t be stopped And no need to trust someone to watch the rules or keep the papers

  20. SMART CONTRACTS THAT’S EXACTLY WHAT SMART CONTRACTS ARE Code that runs on a blockchain Can accept money, store assets, securities, company structures, payment rules, tokens, anything Every step is recorded Completely transparent and trustworthy Can automate complex processes Decentralized and autonomous

  21. BLOCKCHAIN AND FINTECH WHICH INDUSTRIES WILL BENEFIT FIRST? LOGISTICS / SUPPLY CHAIN FINANCIAL SERVICES GOVERNMENT HEALTHCARE REAL ESTATE Cross-border payments settlement & reconciliation Cargo tracking Record management Mortgages Birth certificates Full transparency & real-time reporting Smart utility grids Tax filing Prescription management Land registry Authentication Bill payments Property records Licensing Lending Record management Equity trading Voting Crowdfunding Permits KYC/AML

  22. POTENTIAL APPLICATIONS The blockchain is radically changing the future of transaction based industries

  23. BLOCKCHAIN AND FINTECH BLOCKCHAIN FOR FINANCIAL SERVICES BLOCKCHAIN CAN OFFER: CUSTOMERS DEMAND: Real-time payments Straight-through processing (5 sec) Lower fees Lower fees and FX rates Higher transparency Full transparency about the parties involved Full accountability Full KYC & AML Seamless experience Transactions at your fingertips – As a result banks can save up to $20* Billion a year by leveraging blockchain technology. (Source: Santander Bank research data)

  24. CURRENT PROCESSING VS. BLOCKCHAIN 5-7 days less FX/corresponding banks fees

  25. Please replicate this diagram with better graphics BLOCKCHAIN AND FINTECH CURRENT PROCESSING VS. BLOCKCHAIN Open source distributed payment protocol with transactions in any currency Uses a consensus ledger to settle transactions Doesn’t require an intermediary Offers enhanced security & KYC Provides real-time FX rate Allows a drastic cost reduction and improves operational efficiency Real-time transaction with immediate settlement and reconciliation - Ideal for high-volume, low-value 24/7 payments

  26. BLOCKCHAIN AND GOVERNMENT BLOCKCHAIN FOR GOVERNMENT RESULT: CURRENT CHALLENGES: Automated document flow Massive paperwork Data can’t be modified Data breaches Coordination between agencies Disparate legacy systems Resistant to hacking Fraud Direct access to data without intermediaries Long response times ONE common ledger instead of a hundred

  27. BLOCKCHAIN AND GOVERNMENT e-ESTONIA The Estonian government built a blockchain ecosystem for various public services: e-Identity e-Court e-Police e-Healthcare e-Vote e-Register e-Tax e-School Source: www.e-estonia.com Please Go to https://e-estonia.com/solutions/healthcare/ - scroll down to blue icons and recreate them here with the text above

  28. BLOCKCHAIN AND HEALTHCARE BLOCKCHAIN FOR HEALTHCARE RESULT: CURRENT CHALLENGES: Faster processing of new patients Growing number of patients Faster data and inventory updates Overloaded facilities Easy access to suppliers/pharmacies Limited access to medication Efficient tracking and consumption Fraudulent prescriptions ONE common ledger instead of a hundred

  29. BLOCKCHAIN AND HEALTHCARE e-ESTONIA HEALTHCARE In order to keep health information completely secure and at the same time accessible to authorised individuals, the electronic ID-card system used by the e-Health uses blockchain to ensure data integrity: A record of personal medical history is kept, tracked, and updated Full visibility of who checks a person’s health data, who modifies it and why As a result 97% of prescriptions are digital Medical errors are minimized Insurance claims settle much faster Permissions allow restricting access to sensitive personal information Immutable Source: www.e-estonia.com

  30. HOW TO BUILD YOUR BLOCKCHAIN PUBLIC VS PRIVATE BLOCKCHAIN VS

  31. HOW TO BUILD YOUR BLOCKCHAIN PUBLIC BLOCKCHAIN DOWNSIDES All information is public Not so fast Rules are set by creators Permissionless (anyone can use it) Code is opensource

  32. HOW TO BUILD YOUR BLOCKCHAIN PRIVATE BLOCKCHAIN BENEFITS All benefits of a public blockchain High performance Customizable rules Integrations with existing systems Permissions levels Control over level of transparency

  33. HOW TO BUILD YOUR BLOCKCHAIN EXPERTISE REQUIRED Business analysis Knowledge of different kinds of Blockchains (Multichain, Parity, Hyperledger, NXT, etc.) Networks and security Expertise in Smart Contracts Experience in building client and server applications

  34. THANK YOU QUESTIONS?

  35. THANK YOU ANNOUNCEMENTS Free eBook about blockchain in all details

  36. THANK YOU! NEW YORK, NY PALO ALTO, CA LONDON, UK 315 W 36th St. New York, NY 10018 721 Colorado Avenue, Suite 101, Palo Alto, CA 94303 22 Great Marlborough Street London, W1F 7HU +1 (855) TOP DEVS +1 (650) 300 4335 +44 20 3887 0078 info@intellectsoft.net www.intellectsoft.net/solutions/blockchain

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