Blockchain is known primarily as a technology to which cryptocurrencies such as bitcoin and ether are used. However, a number of companies are looking to find out how to share a transparent database in fully other industries, for example in international transport. Jason Kelley from IBM talked about the pros and cons of blockchain.
Jason Kelley na pednce v rmci konference IBM Think Prague v jnu 2018
Every time first, someone takes a picture with that picture, Jason Kelley laughs, and the audience laughs with him. I take it in a hell of a joke, like the word Blockchain in a row, like IBM’s blockchain technologies. But I think it’s important: the effects around the blockchain are just pehnan.
It refers you to the fact that it was enough for American companies to add the word blockchain to their name, and their value on the stock exchange rose by a few points or even hundreds of percent. It went so far that in the course of 2018, the US Securities and Exchange Commission issued an informal warning to companies that claim to be blockchain, but it is only a cosmetic right without a real technological background.
Blockchain came to the fore, especially due to the bitcoin and other cryptocurrencies. However, many experts believe that cryptocurrencies and tokens are just one of many applications of blockchain technology. Among them is Jason Kelley, with whom we talked mainly about how a non-public blockchain works.
Blockchain your hype, ale me bt express
O blockchain is often spoken only theoretically. For there is so little example on which to prove the usefulness of blockchain? Or do the people not know them?
That’s a good question. New technology often precedes pehnan oekvn, hype, hype. I advise people to try to oversee this pehnan oekvn. If I asked, do you know five companies that deal with artificial intelligence, what would you name?
I would say that it would be enough to name the five largest software companies where they have some AI projects.
And it’s exactly the same with blockchain. All technology companies talk about how to deal with IoT, AI, RPA (robotic automation of the production process, editor’s note) and to a large extent it is marketing. But it’s not always just marketing. We have more than five hundred clients with whom we have consulted how they can involve blockchain to their advantage.
My client is asking myself: Where can I find results in that blockchain that are of real value to me? How do I blockchain? That’s the basic question. At the same time, there are some concerns, because things are going really fast, probably a little faster than in the case of commercialization of the Internet.
That’s why I think companies are pretty much pushing the saw. I want to remain competitive. This has a real effect on that pehnan.
I noticed that you practically don’t talk about bitcoin at all and just about tokens and cryptocurrencies. Is it dead in that? Do you dream of taking the blockchain from bitcoin in the audience’s imagination?
Yes, a little. What I’m talking about is permission blockchain, so I don’t want to mess with public blockchain. I want to focus on what is important for companies and their growth, so I usually avoid debating cryptocurrencies, because that’s a whole other debate.
Tokenization, which is the essence of cryptocurrency, is, of course, an extremely interesting and promising technology. M worth talking about it. But for many people, cryptocurrencies are the only thing they associate with blockchain. That’s why I can show the possibilities of blockchain as such. I want people to understand blockchain. Bitcoin is then one of the specific uses of blockchain technology.
IBM emphasizes that Bitcoin is just one of the blockchain applications:
Personal doors on a straight line
How would you define a blockchain? What is its very essence?
Double-track verifiable transactions entered in the shared database (shared ledger). What does it mean that the transaction is two-sided? What exactly is a yard?
It is best to imagine that there are only two people. You too, two neighbors. I keep a cat and you have a lot. We don’t have a problem trading together, we fully appreciate it. I have no doubt that when I give myself a bird, I will receive a corresponding amount of honey from it. And you have no doubt that my kittens are of good quality and healthy. Imagine that we are not alone, but we live in the city. Suddenly, it is difficult to have business relations based only on two neighbors. And imagine you want to trade internationally, globally. How to ensure that we can live on the globln level as you are in two neighbors?
We will forget about technological technology. Let’s try to imagine that there is a great book that we can all take and that no one can falen edit. I think that if we could live the book, we could live with each other like you do with a neighbor.
Also, it’s just a matter of making such a book (ledger). In reality, of course, it is not a physical book, but a digital book. Shared databases that blockchain. This ensures that you can live.
I’m talking about a private blockchain. It is therefore not possible to access it anonymously. Enter it only invited, known entities. Thus, the yard preserves the data. And now we can share information around the globe as if we were living in the same street, and with the same or similar degree of credibility.
Before the blockchain appeared on the scene, the court came through some central authority, such as a bank, state or professional organization. A medium that all parties dreamed of. So what is the advantage of a blockchain over such an agent?
The problem with the means is that they will soon multiply. Mon you will come by one means, but soon you will need put. You trade in some goods that are subject to certification, you have to read customs, regulations, taxes, insurance companies, loans and you do not hope, you have ten resources, there are elements, and you must always ensure that you have each other in these resources. It’s a huge nron in bureaucracy.
An example is blockchain and TradeLens, which we tested with the transport company Maersk and in which we involved the boards of other organizations. Let’s take it on the back of a shipment of seedlings from Kenya to Rotterdam. Such a single shipment usually means 200 paper documents from various companies and institutions: traders, carriers, customs officers, regulators, states, etc. Thanks to the blockchain een, to which all the keys have access, he managed to dream the number of twenty documents. About nine hundred percent of the paper. And it’s not just about the paperwork documents, but also about the human labor behind them. There is tremendous baldness.
Together, the IBM and Maersk projects used blockchain technology in transportation:
Why is it important that only someone has access to the blockchain? Pro to mus bt neveejn blockchain?
For some applications it may not be, but elsewhere it is a tusk. Some companies want to deal only with specific proven companies and authorities. This is the beauty of the non-public blockchain, the mutual awareness of the other participants. Mutual knowledge and mutual agreement, which springs from the court, but so from transparency.
No transaction can be made anonymously in this non-public blockchain. Every transaction has its author, whom others know. And blockchain ensures that no one can edit or delete anything, nor can they find out who did it and when.
In this is the sla of this een. No one can delete a sign and point out that it has never been there. Anyone who participates in this exchange of information within a non-public blockchain can take a look at the history of all changes.
Take complete transparency. Isn’t this unacceptable for some companies? Companies always want to keep some trade secrets or you just want to cut some of your mistakes. It will happen when the company realizes how transparent blockchain is from its essence, so it ceases to long for it? Is blockchain inappropriate for someone because they have something to hide?
I can’t even start it with specific clients. But there are some industries that have just realized this. that a group of companies will find out that they do not really want the exchange of information to be full and transparent. That is the reality.
I consider it a bite of that adventure. I think such weights are needed. It is better to find out right away that for blockchain it is not the right thing to do, not to find out what you spent on its implementation.
How popular are your treasures to use in private blockchainu?
Usually I most often quote we.trade, Maersk and Walmart, because they are large and well-known companies. And so it is clear on them how the industry is about, finance, distribution, international trade. There are the disputes and the benefits at first glance in particular.
Here’s how to use the Walmart blockchain to check the origin of the food:
In the USA and Asia, we often encounter the fact that blockchain is of interest to media companies, especially in the framework of copyright protection. Look for ways to protect digital media and prove their authenticity. How to ensure the protection of the first creators in the world, where anyone can create content, which in turn is linked to content. If it were possible to turn this content into goods and the original cars could be rewarded for their work automatically, it would be a big deal.
This is especially true of music, but it involves all digital content. There is a lot of potential. Possibility of micropayments per view, possibility to share the cost, possibility to divide the reward between different forms. It’s extremely tempting. There are goods that are very long, but blockchain would allow the shared cost and profit of these goods.
The blockchain is directly available for storing information from various IoT devices. How was the temperature in this truck vera at 11:30? Where was the truck at that time? Who checked that the food the truck was carrying met the standards? You can get the specific data and get it.
The transport bill is contractable. But it immediately occurred to me that the digital footprint may not coincide with reality. If everyone confirms along the way that there are tulip seedlings in the box, they do not even open the box, then the information may be protected against unauthorized changes, but what is valid when the information is incorrect? Pod mete lht.
But if all the participants in that non-public blockchain would have to compete.
Not necessary. Only someone on the arrest tells me, and the rest of some data do not have the opportunity to verify. You need the temperature to transport or the origin of the diamond. Just someone exchanged the diamond for the arrest and gave the participants u no time to find out.
I would say it’s like vm. If there is a human factor, then there is room for fraud. You can always find a loophole in the yard system. If you trust any system indefinitely, you will always have a problem. Looking for a 100% safe system is utopia. Instead, we are always looking to make the system secure, to build its foundations so that it is more reliable.
Jason Kelley warns that companies are often looking for a way to involve a blockchain, or they are not clear about what a blockchain their own might be able to do or how their business works in principle.
In order to understand where the weaknesses of the system are, it is first necessary to understand the principles of its functioning. When someone thinks that a system cannot be hacked, they obviously do not understand and will be pleasantly surprised. Therefore, it is important that the non-public blockchain is safer and more transparent than any other one available so far. But we still want to stick together.
What do you need to explain most often to clients who are interested in blockchain?
Most often ask how they can implement blockchain into their business. Jak zat. Where to. But I don’t think it’s an irregular question. Spe I lead them to reflect on how this can have an impact on their activities, on their business. What really turns your business into?
I’m at the moment when the client realizes: Oh, I offer mortgages, but I’m basically a company working with data. Mm zbom is data. At that moment, we can get somewhere, we can look for technology that reminds them to achieve what is really at stake in their industry.
Update: We have added a video to the link.