Interoperability and multifaceted Enterprise solutions

Transcript

everybody my name is Liz cuca I'm the executive director at aetherium classic labs we are an accelerator and investor the core development team for aetherium classic and we also provide a grants and research funding for a variety of different things so on the accelerator and investment side we work with teams that integrate with DTC who build on etc' we also invest in aetherium based projects and on the grant side and research side for grants it's for teams that integrate with the theorem classic and for research it's really blockchain agnostic so that would include anything like stateless channels or scaling solutions the etc' core dev team they're distributed team that work with us

they're based mostly in the United States Canada and Eastern Europe and that was supposed to be up while I was talking so once it is to give you another overview of what was just mentioned so the purpose of the talk today is on multi-faceted enterprise solutions we'll get into interoperability a bit at the end so if that's the main thing that you want to hear about perhaps take a nap for the next 15 minutes and perk up again at that point so I'm going to cover three different aspects Enterprise requirements and usually what they're looking for in blockchain solutions then go into different use cases that are a bit of a hybrid model of public and

private and then conclude with adoption which is the interoperability piece so for Enterprise requirements for enterprise requirements most of the next few slides are going to come from a 2019 global Deloitte blockchain survey that was done with 1300 executives across the globe and it'll also come from my experience working at plug-and-play tech Center which is the bulk of my experience working with corporates and startups so that's gonna be the bulk of kind of the the next handful of slides so what you're gonna see above me right here is that enterprise seem to be taking blockchain more seriously and are

kind of taking it from this like kind of tourism space to actual execution which is which is great news for every in the room I assume these companies here they weren't listed in that survey but we can assume that these are companies that they're referring to because those surveyed those that were surveyed were organizations with 500 million dollars in revenue or above from the US or 100 million and above outside of the US all of these corporations here are working or either experimenting with blockchain now or doing some kind of integration and so I think this is a pretty good representative of the types of enterprises that were included in that in that survey some of the great news for folks in the room and who are

developing solutions for enterprise is that over 40% are looking to deploy five million dollars or more this coming year and that's a new blockchain initiatives so it's excellent news for anyone who's trying to work with enterprise the second is that over 50% of those corporates have listed blockchain as a critical aspect of their strategy for the coming year so that's also great news however on the downside we do see that Enterprise are also starting to view blockchain solutions as overhyped and we also see less integrations happening in 2019 than compared to 2018 and so when we take a step back and ask ourselves like why is this what's going

on we know that there's an increase in investment or an interest in investment it's mission-critical but then at the same time why aren't corporates integrating as much and why are they starting to think of it as overhyped and so this comparison to this image here is from 3d printing from six years ago and comparing the state of watching today to 3d printing so six years ago people were thinking of 3d printing as kind of like this fun hobbyist thing that isn't wasn't going to take off but six years later we see that manufacturers are using it pretty intensively to improve cycle times to improve manufacturing to improve kind of the life cycle of design and so we're kind of seeing or comparing blockchain to 3d printing of six years ago and

that's the state of it so my recommendation with kind of concluding in the enterprise segment of this presentation is what can we do to keep Enterprise interested in excited to work with all of us when it comes to blockchain solutions so to start with it's like who are you talking to you at the organization again formally being a plug-and-play tech center blockchain was R is a horizontal it's not a vertical right so it's a it can be implemented in thin tech or supply chain or retail or farming or agriculture or whatever whatever a vertical that you that may have you and most the startups that I worked with over the past several years oftentimes talked to the innovation team an innovation team is probably one of the easier teams to talk to you and when

comparing them to say like venture capital they're kind of like Scouts they're the team that's working on behalf of all the other departments trying to scout and find solutions they can bring into the organization that they don't have to build themselves internally so if you see up here the innovation department is not usually the team that's giving you the funding not usually however it doesn't mean to ignore the innovation department because they would probably be your cheerleader they'll probably be the ones to help you get into the right department that will speak on your behalf and cheerlead for your for your company to the right department and what you are gonna see is that the IT department and usually upper level management are still the ones that are going to be the key decision-maker when bringing your technology into the organization in that Deloitte survey

that I referred to at the beginning there are a handful of questions that were recommended to be senior executives one thinking about blockchain there are on ten questions total these next four the ones that I kind of picked out that I thought were most interesting these first two are really about customer empathy so when you're working with enterprise and you're trying to understand your customer you know these are two questions that I think are pretty key to ask which is how can blockchain reshape their industry and foremost blockchain startups that I work with again it's a horizontal so they might not come from supply chain or healthcare or EdTech or anything else and you're trying to go into an to an industry that you don't know that well so how can you get to know your customer a bit better understand the pain points

that they're very familiar with for the past 10 15 and 20 years to really get them to adopt or be interested in what you're doing and the second one is the potential for for new market ecosystems and the role that your customer would play in that and so again having tomber empathy and so that they actually feel like you understand their pain points the next few questions are a bit more visionary so when working with enterprise helping them see beyond the initial integration so you come in you have your product your platform your your service whatever it is that you're selling and how do you help them think further down the line how do you help them think about blockchain from an open standard or from a collaboration standard help them think beyond this the initial impact and five ten years down

the line how their organization might might consider decentralized services in a way that they haven't thought of yet because it's too long-term so these are two more visionary questions that you might include in a presentation or in a conversation to enterprise when helping them think a little bit further down the road and beyond immediate implementation so that's kind of it on the enterprise requirement side I think kind of a takeaway or is always keeping in mind that enterprise have a lot of regulatory constructions privacy constructions data privacy constructions that you have to take into consideration so no matter how much most of us in the room are probably big proponents of decentralized services there's generally only so much they can do

um and so with that this is a transition to the public and private kind of hybrid use case section and what we see some teams doing today first to my surprise there's more enterprise interested in public watching than I realize this is not add up to a hundred obviously so the so the surveyed people got to answer more than one answer and so again to my surprise there was more interest in public watching than than I expected second almost all respondents are interested in consortiums and will be joining one probably this year this might not seem like a big deal but it but it sort of is because consortiums

helped keep costs down it also helps with sharing of learning and aha also helps decrease risk so even though we might think like who cares about consortium in many ways it's kind of a big deal specifically with things like hyper ledger which again most people in the room if you've been around for a long time might not think of it as like the best the best or most interesting thing to work however it is Linux Foundation it is Cisco it is sa P it is Dom ler it is Amex is so many organizations that are part of that consortium that it's kind of a big deal I am and they're also kind of they're doing some cool things right so hyper ledger base use a and a more recent one that aetherium classic coop has has joined as a java-based aetherium

client hyper ledger sawtooth and brew are also kind of interesting as they're EDM based solution so that's kind of interesting enterprise etherium Alliance has also been doing a ton of work on the standardization for enterprise this can be found on their website it's probably old news for most of you in the room but it's still pretty interesting with the green sections of being the public etherium aspect and the purple being the enterprise side so showing kind of the public-private hybrid solution there are three use cases and I'm going to share from some of our portfolio companies

that are all using public private solutions right now so Scott Wake is the first one there's a bunch of different work that they've been doing I'm going to show or talk about two of their use cases the most recent is a vaccine or they're working with a pharmaceutical industry in India helping get vaccines to children and documenting that pathway to my surprise 1/4 of children don't get vaccines because they're spoiled before they get to them so this is kind of a big problem that they're solving for and that the most expensive aspect of this problem is just a delivery alone not the

vaccine itself so what they've been able to do and what they're solving for is they're they're tracking vaccine inventory and it's temperature at different points along the cycle and they're using blotching specifically to manufacture batch details time stance of change of custody they're also doing a the cold chain asset literally from refrigerators at that release data this is what it looks like for the private dashboard and this is the public app which they're calling their vaccine ledger this has both private and public applications the public aspect is anything that say the World Health Organization is going to

have access to or NGOs in general what stays private is everything that's between the manufacturer and the distributor so this is one example that's using both they're also in the middle of a project right now with the government in India tracking rice bags rice that's essentially given to the most vulnerable populations in India it's about a million-plus people and tracking the rice from from a farm to hand the second use case is white block who have used hyper ledger Sawtooth for this implementation I think this is particularly interesting to enterprise

because what they do is they have a test network or a simulation environment for enterprise to kind of see what their what their product or POC would look like in in practice they have a couple of different use cases so far or two different customers that I can speak about without giving the name one some of the name is the Department of Veteran Affairs in the United States and digitizing medical records so that the veterans can have access to those records and deal with it what they will when the VA is looking at different proof of concepts they can then run them in that test environment using the white block solution a second example is fairly similar but with but it's with

Identity Management this is not going to cover it so it's going to show you what white block does because I don't have images from this but the second one is with Identity Management and a fortune 500 company doing the same thing where the fortune 500 is looking at multiple pocs and instead of going out and building all of them they're using white block to test those solutions and the third one is second state second state is a web assembly team there are a badass compiler team based in Austin Texas and Taipei they do a number of things but most importantly what they do for enterprise and for the it's the second bullet point up there they have permission block

chains and that supported that support open-source software to power search engines behind a firewall what they're doing right now for a public public private kind of mix is in China depending on what your what your stance is on like government and authority they are working with regional governments to have a public blockchain that different government organizations can participate in and run nodes so public university public hospital public governor government organization will be those node hosts providing public records to anyone who wants to get access to those so I think that's fairly interesting from a public/private perspective kind of like a ripple consortium like approach and the last section is on

adoption and this is the interoperability piece that I had mentioned before so what we believe it on our team is that making tooling super simple is the way that we're going to increase adoption and that's what we think interoperability is trying to achieve is trying to achieve access to more features access to really making this make sense to the every day developer and so we we don't know in the short term that having blockchains interoperate amongst each other although we are we are supporting it with things like optimistic roll up roll ups all right we do think that that's important but what we think is going to really make a change in the short term um is tooling so I'm only going to go over one

of these tools it's our jade service runner just called Jade for short the rest of those there's really not enough time to go through all four but I'll give links to them at the end so what is Jade Jade is the idea of trying to get users to run their own decentralized services which right now tends to be too difficult so it creates a major barrier of entry for most people and so the idea of Jade is it's just a point-and-click it allows a developer and a user to connect to a blockchain pretty easily and the idea is to move from the centrally service to the decentralized service and it's an interoperable interoperable tool because

it provides discovery for JSON RPC services so it doesn't even need to be for a blockchain per se because of that we think it's going to help mainstream developers get into this space a lot easier than having to learn things like web pre lingo so today if you're a developer you have to write 26 combine different arguments to start a network over and across parity GAF multicast now known as korgoth but what if you could just launch launch it with the head of a button and so that's pretty much what it looks like now pretty simple and I'll share the link again at the end so you gonna take a deep take a deeper dive so Jade and Jade desktop both exist today

it runs multi gap it could run BT see if you wanted it's an interoperable tool because again it runs JSON RPC discovery it gives you clickable sand you can see how to start it pretty easily here in this image the DAP on the Left is using Jade in the middle and proxies request to the underlying service and classic death and parity Jade provides an interface to make easy installation demonization so the process is always running or alive and in access to location and discovery to what the individual user is running in the future it would look a bit like this

so to kind of summarize Jade allows for programmatically discoverable api's single click installation in fire-and-forget service demonization for the next steps for our team we're working on a number of these different aspects and would love feedback for folks to test it out and it includes everything from permissions to peering abstract service definite definitions decentralized service registry if you do want to check this out further the links are on the screen above there's also a full walkthrough on YouTube that was

performed at the e.t.c summit back in October and to see the rest of the tools like open RPC which is just like open API or signatory which is a pretty much like a signer an offline signer or expedition org which is a block Explorer solution and you can see all of those right here and there's a bunch of other projects on there as well I think the big takeaway again is that for us the interoperable aspect here is the tooling side is that building tools that any developer can use be at those who are

already in the decentralized blockchain world or not is going to be the way to increase adoption then trying to kind of have this back and forth over which watching should you use and when we do think that tooling is the way to go finally I'm on Twitter and telegram emails always is always available as well and feel free to reach out thank you [Applause]