Introduction to Blockchain Technology · economy will require legislative agility beyond what rules...
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Introduction to Blockchain Technology CIO AKNS 2018 Shangri-La Tanjung Aru Resort & Spa Andy Roy Sian Blockchain Technology Evangelist & Business Development – Government, GLC and Higher Education NEM Malaysia Sdn Bhd, a fully owned subsidiary of NEM.io Foundation Ltd
Transcript of Introduction to Blockchain Technology · economy will require legislative agility beyond what rules...
Introduction to Blockchain Technology
CIO AKNS 2018Shangri-La Tanjung Aru Resort & Spa
Andy Roy SianBlockchain Technology Evangelist & Business Development
– Government, GLC and Higher EducationNEM Malaysia Sdn Bhd, a fully owned subsidiary of NEM.io Foundation Ltd
Brief Profile• More than 15 years work experience performing roles such as:
• Business & Strategy Development
• Sales & Account Management
• Strategic Partnership & Alliances
• Web Design & Development
• Program & Project Management
• Business Intelligence, Operations and Support
• Organization types:• GLC, Large & Medium-sized Corporation and ICT Operations & Management,
Software Development and Systems Integration.
• Sectors covered:• Government, Higher Education, eCommerce, Aviation, Retail & Commercial.
What is Blockchain?
Blockchain as ‘Transaction’ Network
Emails File Transfer Transactions
Blockchain TechnologyA distributed ledger system that is secure & encrypted, hack-proof, tamper-proof(immutable), scalable and low cost to deploy and thereby creating a trusted network for anytransaction to go through.
Conventional
Centralized Database
• Distributed Ledger
• Scalable
• Immutable
• Hackproof
• Encrypted
• Low cost
Clients ServerDatabase
(It is a master copy!)
Benefits of Blockchain Technology
Increases Trust
An immutable record is reliable and trustworthy as a record cannot be tampered
Limits Risk
Transparent records prevents tampering, fraud or cyber crime
Distributed ledger without central point of failure
Reduces Cost
An autonomous system without middlemen reduces overheads
Saves Time
Transactions quicker without middlemen
Increases Security
Each transaction is securely encrypted
Benefits of Blockchain Technology
Transparency means Traceability of ALL
transactions. Trust exists when all transactions made
are traceable since day one.
TRANSPARENCY
TRACEABILITY
TRUST
Benefits of Blockchain Technology
Transparency ensures Accountability from all
ecosystem players. With Accountability, positive
Change / Transformationcan happen.
TRANSPARENCY
ACCOUNTABILITY
CHANGE / TRANSFORMATION
Pop Quiz 2
Pop Quiz 2 – What Does Blockchain Technology Promote And Ensure?
a) Trust.
b) Transparency.
c) Accountability.
d) Change / Transformation.
e) All of the above.
Enterprise Use Casesof Blockchain Technology
Financial Business Management Secure Records Decentralized Organizations
Financial Payments
Cryptocurrencies
Mobile Payments
Equity Markets
Escrow Services
Payment Gateway
Automatic Accounting
Shipping & Inspections
Loyalty Reward Points
Know Your Customer (KYC)
Logistics (Supply Chain Management)
Encrypted Messaging
Authentication and Notarization
Anti-Counterfeiting
Certificate Issuance
Corporate Compliance
Land Registry
Access Control
Voting
Crowdfunding
Stock Ownership
ICO (Initial Coin Offering)
Enterprise Use Casesof Blockchain Technology
Addressing Industry Needs as an EcosystemDUBAI BLOCKCHAIN STRATEGY
“Dubai will be the first city fully powered by blockchain by 2020.”
His Highness Sheikh Hamdan Bin Mohammed Al Maktoum on the launch of the Dubai Blockchain Strategy, October 5, 2016
GOVERNMENT EFFICIENCY
Addressing Industry Needs as an EcosystemMAKING DUBAI THE GLOBAL CAPITAL OF BLOCKCHAIN
Create an active and enabling blockchain
ecosystem for startups and businesses
Lead the thinking and piloting of cross border blockchain use cases
Achieve efficiency by using blockchain in 100% of
applicable government services
INDUSTRY CREATION INTERNATIONAL LEADERSHIP
GOVERNMENT EFFICIENCY
Addressing Industry Needs as an EcosystemDUBAI BLOCKCHAIN STRATEGY
INDUSTRY CREATION INTERNATIONAL LEADERSHIP
Global Blockchain Challenge
Skill Development
Dubai Smart City Accelerator
SDO Accelerator at DFA
Blockchain Network
Global Recognition
Events
Use Cases
Blockchain PAAS
Foundational Blocks
Blockchain Policy
Addressing Industry Needs as an Ecosystem
Addressing Industry Needs as an Ecosystem
Addressing Industry Needs as an Ecosystem
Addressing Industry Needs as an Ecosystem
THE ILLINOIS BLOCKCHAIN INITIATIVEA collaborative effort exploring blockchain’s impact on government
Addressing Industry Needs as an EcosystemTHE ILLINOIS BLOCKCHAIN INITIATIVE
Addressing Industry Needs as an EcosystemDEVELOPING AN ECOSYSTEM
Fostering a Talent PipelinePartnering with educational
institutions to incorporate curriculum into schools and colleges to support
workforce development
Supporting EntrepreneurshipBuild relationships with entrepreneurs
and leaders to foster a supportive environment for startups and
investment
Collaborating with EnterprisesEncourage startup/enterprise
collaboration. Help enterprises partner with promising startups in the
ecosystem
Addressing Industry Needs as an EcosystemOPPORTUNITIES FOR GOVERNMENT
Rethinking Governance for a Distributed EconomyEffective governance in distributed
economy will require legislative agility beyond what rules and regulations can
provide. Modern governance will need to carefully balance a combination of broad policy principles, technology standards
and “code”.
Developing an Ecosystem for Growth and Collaboration
Although, the long-term benefits of blockchain are clear, blockchains and DLTs
are still very much nascent technology. Governments can play a role in catalyzing its maturity as a technology by supporting
grassroots developer innovation and encouraging collaboration among
enterprises.
“Hyperconnected” Services for a Highly Efficient
GovernmentA “hyperconnected” government enables unprecedented integration and efficiency,
where services are tailored to each individual’s needs. Blockchains will be used
to connect disparate entities within and across regional, municipal, and state entities
around citizens, businesses, and assets.
Blockchains and distributed ledgers present opportunities for governments in three distinct areas:
Addressing Industry Needs as an EcosystemINTEGRATING GOVERNMENT: PILOTS
Addressing Opportunities in Government sector
Addressing Opportunities in Government sector
Addressing Opportunities in Government sector
Addressing Opportunities in Government sector
Addressing Tourism Industry Needs
Addressing Tourism Industry Needs
Addressing Tourism Industry Needs
Addressing Tourism Industry Needs
Addressing Agriculture and Food Industry Needs
Addressing Agriculture and Food Industry Needs
Addressing Agriculture and Food Industry Needs
Addressing Agriculture and Food Industry Needs
Addressing Asset Management Challenges
Addressing Opportunities in the Property Sector
Addressing Opportunities in the Property Sector
Addressing Opportunities in the Property Sector
Pop Quiz 3
Pop Quiz 3 – What Benefits Do Organizations Get With Blockchain Technology?
a) Increase in efficiency and productivity.
b)Stronger relationship with their customers and stakeholders.
c) Better cost control.
d)All of the above.
• Version 1.0 – World Wide Web (www)• Version 2.0 – Internet Email• Version 3.0 – Social Media & Cloud computing• Version 4.0 – Blockchain & distributed ledgers and peer-to-peer
networks
Some useful reference sites :www.cointelegraph.comwww.coinmarketcap.comwww.coindesk.comwww.youtube.com “blockchain”
Evolution of the Internet
WELCOME TO THE NEM
COMMUNITY
NEM Project - At a Glance
NEM Project Overview :✓ Planning started in January 2014, and launch in March 2015
✓ Built by professional developers
✓ Reboot of the ideal blockchain
✓ 100% new code from scratch
NEM Blockchain out of the box features allows :✓ Multi-sig for account security
✓ Create assets that act as tradable tokens representing items of value
✓ Namespaces to differentiate companies within the blockchain
✓ Messages to be sent together with transaction (as labels)
NEM Node Network (public/private chain) :✓ Easy to use universal APIs
✓ Nodes are cheap to implement
✓ Fast and cheap transactions
✓ Open-sourced wallets for IOS/Android/Desktop
NEM Project - At a Glance
NEM.io Foundation
The sole purpose of the Foundation isto introduce, educate, and promote theuse of the NEM blockchain technologyplatform on an international scale to allindustries and institutions.
Our own cryptocurrency is the fuel and theproof of the robustness of the NEMBlockchain platform. Since the day itsturned on in 2015, it has been runninguninterrupted processing transactionssecurely and accurately.
Official NEM.io Foundation Website- https://nem.io
NEM Nodes- https://nemnodes.org/
List of Projects Using NEM-
https://github.com/Sateetje/awesome-nem-projects
Reference Sites
Pop Quiz 4
Pop Quiz 4 – What Does NEM Stand For?
a) Nothing Else Matters.
b) Net Energy Metering.
c) New Economy Movement.
d) New Economic Model.
Pop Quiz 5
Pop Quiz 5 – What Is NEM Cryptocurrency Called?
a) ACDC.
b) REM.
c) INXS.
d) XEM.
• Learn about the world of blockchain & cryptos?
• Build a community for learning & education together?
• Look for blockchain use cases in your organisation?
• Ask how will blockchain change my organization’s image and reputation?
• Explore potential collaborative opportunities?
Where Do We Go from Here?
• Perform a comprehensive assessment of opportunities from abusiness, technology, and the legal standpoint of using blockchaintechnology.
• Set up a lab. Start small. Begin with select processes that could beshowcased to a wider audience to highlight benefits and primeadoption.
• Evaluate. Invest in technology and expertise related to blockchain.Secure alignment. Press for industry-wide change.
• Collaborate and work together to design solutions for specific usecases and processes. From a consortium (i.e Sabah BlockchainInitiative) and work with regulators early in the process.
Where Do We Go from Here?
A structured approach will help organizations to explore possibilities, experiment with the technology, and develop innovative blockchain-based solutions quickly, in a cost-effective way.
Sabah Blockchain Initiative (SBI)
SBI
Gov
Biz
Academia
Tech
Sabah Government Ministries,
Agencies & Statutory Bodies
Sabah ICT Services Providers
& Partners
Sabah Trade/Business
Associations
Sabah Higher
Education Institutions
NEM World Map
11,600 Members89 Cities46 Countries
https://www.meetup.com/pro/nem-foundation/
Like, Subscribe, and Follow!
TWITTER@nemofficial
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Let us know what you think
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Join the Conversation
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@nemhelpdesk
See more: http://bit.ly/nem-telegram-channels
THANK YOU!www.nem.io
ANDY ROY SIANBlockchain Technology Evangelist and Business
Development – Government, GLC and Higher Education
NEM Malaysia Sdn Bhd
+6017 – 303 9088
