Webinar – Episode 2 of Series on “Enterprise Blockchain Adoption” Design A Block


Zeeve

Uploaded on Aug 14, 2024

Category Technology

Zeeve's Co-Founder and CTO - Ghan Vashistha conducted an insightful second webinar on "Design a Blockchain Solution" as part of the GBA Session on "Enterprise Adoption" featuring 7 insightful and highly informative episodes highlighting the relevant dimensions involved with the blockchain adoption by enterprises. This episode is an attempt to provide helpful answers to some of the most common questions about core components of building blocks for blockchain solutions and then examining some additional capabilities that should be considered when designing the solutions.

Category Technology

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Webinar – Episode 2 of Series on “Enterprise Blockchain Adoption” Design A Block

  ​Design​an​Enterprise​Blockchain​ Solution Ghan​Vashishtha How​we​do Blockchain​is​not​a​Solution​to​ Everything! COMPLICATED = COMPLEX Traceability Blockchain is Complicated, Blockchain is Complex Pick​a​Type PUBLIC PR5IVATE HYBRID Pick​a​Chain Hyperledger,​R3,5​Private​Subnet? Blockchain​Decision​Tree Yes Yes Do you need to Do you need a Does more than Yes preserve data shared, consistent one entity need to records exactly as data store? contribute data? written no revision? No No Cavet: Auditing use cases Blockchains do not Blockchains provide a Your data comes from a single entity. allow modifications historically consistent Blockchains are of historical data; data store. If you don’t need that, you don’t typically used when they are strongly auditable. need blockchain. data comes from multiple identities. 5 Yes Yes Are entities with write You may have a useful Do you want a tamper- access struggling to blockchain use case. proof log of all writes to the data store decide who should control the data store ? No No If you don’t need to If there are no trust or audit what happened control issues over and when it happened, who runs the database you don’t need a solutions should suffice blockchain On-chain​v/s​off-chain​and​ Batching Integrations​that​matter? Enterprise​authentication,​ authorization,​and​accounting​ requirements Integration​with​the​incu5mbent​systems​of​record​ (CRM,​BI,​Reporting​etc.) Design​with​the​intent​to​include​Blockchain​ Appropriate​Decentralization? API’s​SDKs​&​ways​to​build! Monitoring is an important capability for addressing regulations and 5 ensuring high availability, capacity planning, pattern recognition & fault identification Finance Retail Manufacturing Supplychain Logistics Healthcare CA Rest API Implementation SDK Client Tools SaaS Policy ACL Software Code Transactions Rules Identity Mgmt Virtual API Digital Tokens Containerization Machine Crypto Messaging Adapters Cloud Services AI Plugin IOT Keys Inter – Contract Messaging System Integration Encryption Signature Node1 Ledger Node2 Ledger B Node3 Ledger C Node4 Ledger D A TXN TXN TXN TXN TXN TXN TXN Block1 Block2 Block3 Block4 Block5 Block5 Block6 Ledger Condults Role based Peers Consensus Protocol Distributed​ Integratio Smart​ Applicatio Ledger n Contract n The​Blockchain​Network​ Scale​of​key​enterprise​challenges​when​ Challenge​is​Business​–​Not​ adopting​blockchain​networks Business Technology Tech Technology challenges are only 10% of the blockchain network building problem, 90% Stakeholder experience Co-operation among of the challenges for companies will come traditional competitorsBusiness outcomes and ROI in building and managing the business Monetization and revenue model for the network sharing models Business continuity risk Change management Governance Business model revamp Audit and compliance Data security Building Technology risk and privacy Interoperability trust System Production integration readiness Expansion of Consortia build network and participants management (network effect) Software framework and IP Platform Quality Assurance Key​business​challenges A​4-step​approach​to​mitigating​ these​business​challenges Creating cohesion among competitors in a Crystalize foundational approaches and collaborative environment to ensure consensus identify key stakeholders and firness Build minimum viable ecosystem to Governance, monetization & optimization of ROI demonstrate potential will be key to encouraging broader adoption Define a governance structure and Network Lock-in-risk may deter participants incentive model for network scaling from fully committing to the network. Grow the ecosystem across industries by Addressing these concerns through activating network effects standardization will be key to creating viable networks Managing change brought on by blockchain adoption will be complicated by discord with existing processes and limited understanding of technology among talent/users Business continuity will be a key talking point in the aftermath of COVID-19, as enterprises ensure that committing to a network does not increase the risk of operations disruption Want to Design A Blockchain Solution For Your Enterprise? Talk to Zeeve Experts today to increase ROI and achieve faster time to market for all your Blockchain solutions Address Zeeve​Deeptech​Pvt​Ltd Zeeve​Technologies​Ltd.  1283, ATS Greens, Sector-93A 2001, Regal Tower, Business Bay, Noida, India 201304 Dubai, UAE Zeeve​Inc. 395 Santa Monica Place, Unit 308, Santa Monica, California - 90405 USA Dubai India Contact​ Email: [email protected] http://www.zeeve.io