Why Blockchain Matters to Big Data - Big Data London Meetup - Nov 3, 2016

78 %
22 %
Information about Why Blockchain Matters to Big Data - Big Data London Meetup - Nov 3, 2016

Published on November 4, 2016

Author: BigchainDB

Source: slideshare.net

1. Database for the Internet Why Blockchain Matters to Big Data Big Data Meetup London Nov. 3, 2016 Bruce Pon @brucepon

2. What is a Blockchain? Global View Business LegalTechnical All-in-one system that unlocks immense value - value exchange, database, validation mechanism

3. What is a Blockchain? Component View Database EncryptionConsensus

4. What Is a Blockchain? Feature View Decentralized Asset Autonomy Immutable A pragmatic definition that allows for an expanded opportunity surface and blue ocean thinking

5. The First Use Case for Blockchain Bitcoin is a cryptocurrency, that uses the underlying characteristics of blockchain to issue a digital currency = Blockchain Bitcoin is an implementation of the technology Blockchain is the core technology

6. Blockchain Disrupts Centralized Parties Trusted Third Parties • Shared Single Source of Truth • Conducted via consensus rules • Enforced with transparency

7. Centralized Blockchain Model Centralized to Decentralized Strengths: 1. Lower coordination overhead 2. Efficient Weaknesses: 1. Centralized power 2. Silos 3. Hackable

8. Centralized Model Decentralized Centralized to Decentralized Strengths: 1. Real-time Processing 2. Hack-resistant 3. Asset autonomy Weaknesses: 1. Performance & Scalability 2. Governance & Security

9. Blockchain technology allows The Digitization of Value • Next wave of digitization • Weave into the fabric of our society • Larger than the internet

10. The Internet Drove the Digitization of Information Knowledge freely shareable for the world spawned billion dollar companies: - Amazon - Google - Facebook Gave voice to the powerless Connected the powerful

11. The blockchain is a truly open, distributed, global platform that fundamentally changes what we can do online, how we do it, and who can participate. Call it the world wide ledger. The Internet of Everything needs a Ledger of Everything. - Don & Alex Tapscott

12. Image Credits: Ripple Blockchain Technology will Impact $100 Trillion in Value

13. The “Real” First Use Case for Blockchain Source: http://www.looiconsulting.com/wp-content/uploads/2014/08/Four-Vs.png

14. 3 Ways to Unlock Big Data with Blockchains Decentralized Asset Autonomy Immutable Shared Control Universal Exchange Audit Trails

15. 3 Ways to Unlock Big Data with Blockchains Shared Control Universal Exchange Audit Trails

16. 3 Ways to Unlock Big Data with Blockchains Shared Control Universal Exchange Audit Trails

17. Audit Trails for Big Data Using Blockchain

18. Audit Trails for Big Data Using Blockchain Source: http://www.bloomberg.com/news/articles/2011-09-01/the-f-35-s- global-supply-chain

19. Global Database

20. 3 Ways to Unlock Big Data with Blockchains Shared Control Universal Exchange Audit Trails

21. Example: Data Pipeline IoT Sensors HDFS Storage Cleaning Normalization MongoDB Storage Analytics

22. Creating Immutable, Time-Stamped Data Create Tx Write to DB Sign Tx Or if you’re already using a distributed database that BigchainDB wraps, then simply swap out that database with it’s blockchainified version.

23. BACK OFFICE EFFICIENCY SUPPLY CHAIN RISK MODELS Unlocks Data Lakes and Big Data Tools Data Transparency

24. 3 Ways to Unlock Big Data with Blockchains Shared Control Universal Exchange Audit Trails

25. Digital Assets Digital assets which have value and can’t be copied. TOKENS TICKETS SECURITIES CREDIT CURRENCY

26. Asset Sovereignty $ BANK COURT EXCHANGE Own your private data, intellectual property, financial assets, land property without the reliance on others to secure it. A truly global world where no government can take away what is yours

27. Assets “Live” in the Network

28. A scalable blockchain database for the decentralized enterprise Anatomy of a Diamond Fraud Proof-of-Concept January 2016

29. Case Study: The Diamond Supply Chain 30 • Conducted 6 week Proof-of-Concept • Entered 1 Mio diamonds into BigchainDB from multiple data sources – Certification Labs, pricing services, and marketplaces • Developed custom analytics and machine learning tools to understand and assess the data How much fraud is there on a major diamond marketplace? Conclusion: 7% of all listings have RED flags and are most likely fraudulent. This works out $750 Million per year of fraud on a single marketplace

30. What is Diamond Fraud?

31. How Detect Fraud?

32. Let’s Scrape for Data

33. Anatomy of a Diamond Fraud 34

34. Anatomy of a Diamond Fraud 36 • Diamond listing identified • Three fraud indicators are found: 1. Offer price is suspiciously low 2. Is the Certification Lab trustworthy? 3. “Appraisal” value serves as a mental anchor to convince buyers that they’re getting a deal

35. Anatomy of a Diamond Fraud 37 • Ascribe’s GemInSights is a backend prototype to monitor and track diamonds entering the supply chain – with a Rating scorecard that flags suspicious diamonds • Findings - RED Flags: 1. DGI lab • Online Diamond ID Lookup function finds no diamond correlating to cert# on listing • No sample certificates to show buyers authentic certificates 2. Price Estimator • List price is 70% less than expected based on analytics it’s “too good to be true” 3. Related Sightings • Exact same listing has shown up multiple occasions – once stored in BigchainDB, it’s immutable

36. To get started with blockchain apps and use cases, Sign up for early access at: https://ipdb.foundation/ipdb-testnet

37. - Erik Brynjolfsson Electricity is an example of a general purpose technology, like the steam engine before it. General purpose technologies drive most economic growth, because they unleash cascades of complementary innovations, like lightbulbs and, yes, factory redesign.

38. Thank You @brucepon bruce@bigchaindb.com

Add a comment

Related pages

29th Big Data London Meet-up at Big Data LDN - Big Data ...

29th Big Data London Meet-up at Big Data LDN 1. Nov 3, 2016 · 7:00 PM ... During this meetup, we'll focus on big data architecture with 3 start speakers.
Read more

Internet of Things Event | IoT Events

Free Internet of Things IoT Events listing ... 20th of September in London you can discover how ... The Forum covers all aspects of Big Data and its impact on the ...
Read more

www.meetup.com

www.meetup.com
Read more

IS 5800 Syllabus - University of Missouri-St. Louis

... Big Data and the Internet of Things ... (2016), Blockchain Revolution: How the Technology Behind Bitcoin Is Changing ... Thursday Nov 17: Group 3: Internet of ...
Read more

PLUG PCC FinTech Series: Blockchain for dummies-meaning ...

Eventbrite - PLUG Polish Tech Link presents PLUG PCC FinTech Series: Blockchain for dummies-meaning behind the buzzword - Thursday, November 24, 2016 at DWF LLP ...
Read more

Preparing for the Next Disruption | @CloudExpo #AI #DX # ...

While I agree that it may be too early to anoint blockchain as the next big thing ... Big Data | Analytics Track 3. Internet of Things ... In 2016, artificial ...
Read more

Ethereum Blockchain as a Service now on Azure | Blog ...

Microsoft and ConsenSys are partnering to offer Ethereum Blockchain as a Service ... Data Lake Store Hyperscale repository for big data analytics workloads;
Read more

The Top Use Cases For Bitcoin – LibertyLifeTrail by Tone Vays

... instant data transfers are not new technology, ... How big of a use case can it be? ... Nov 3 – Nov 4 all-day . Nov. 14. Tue.
Read more