IFS LABS & BLOCKCHAIN WURZBURG / ZEIST 6TH OF JULY BAS DE VOS Director IFS Labs

Transcription

1 IFSworld.com

2 IFS LABS & BLOCKCHAIN WURZBURG / ZEIST 6TH OF JULY 2017 BAS DE VOS Director IFS Labs

3 CREATIVITY FIRST LEARN FROM EARLY ADOPTERS 6-12 MONTH PROJECTS 40/60 RATIO LICENSE TO FAIL 3

4 WORK IN PROGRESS WHAT ARE WE DOING TODAY? DIGITAL TWINS Digital Twins are digital representations of physical assets. Most people use the Digital Twin in context of IoT, connecting sensors to visualize the state of the asset, often as a 3d-model. SENTIMENT ANALYSIS Sentiment analysis aims to determine the attitude of someone with respect to some topic. Can Sentiment Analysis, leveraging the Microsoft Machine Learning APIs be of added value for IFS products. BLOCKCHAIN Blockchain is one of the most talked about and intriguing technologies at the moment. Potentially Blockchain has the potential to disrupt business. IFS Labs is researching use-cases for business and their impact on business applications. 4

5 WORK IN PROGRESS WHAT ARE WE DOING TODAY? AUTONOMOUS ASSISTANTS How could we really make the life of the user easier? What s next in user interaction? Well, what if IFS could talk to you? What if IFS could assist you in taking the correct actions and make decisions to do your work better? WEARABLES & DEVICES IFS Labs is working on solutions for augmented reality that will let users superimpose business data retrieved from IFS products on the real world. HoloLens is the latest device that is being work on. DRONES Drones have a high potential business impact for clients in complex, asset intensive businesses, such as Oil & Gas or Energy & Utilities 5

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8 SOME HISTORY 1991 Stuart Haber and W. Scott Stornetta first describe a cryptographically secured chain of blocks 2008 Satoshi Nakamoto conceptualized first Blockchain 2009 Launch of Bitcoin Since the value of a Bitcoin has increased from $0.08 (July 2010) to $ 2,669 (June 2017) Since then other use cases have gradually seen daylight. Much is still in proof of concept. Digital Identities (Airbnb, HomeAway) Electricity Trade (Grid Singularity) Home Properties (BitFury, Factom) Mostly financial oriented

9 BLOCKCHAIN Blockchain, known as the technology behind Bitcoin, is one of the most talked-about and intriguing technologies at the moment. Blockchain, similar to the rising of the internet, has the potential to disrupt business. IFS Labs is researching the potential use-cases for business and their impact on business applications. 1 Someone wants to register a transaction 2 The transaction is represented as a block in the shared ledger 3 The block is broadcast to all participants 4 The participants approve the transaction is valid, providing consensus 5 The block is added to the chain 6 A single picture of the chain and actual state is available to all authorized participants

10 CONSENSUS PROVENANCE IMMUTABILITY FINALITY

11 SHA256 HASHING Cryptographic One-Way Hash Input Deterministic Output Bilbo Thorin Dwalin Kili Fili 0x3992afa8b955b 0xfd533e7bd0228 0x c12b 0xb8a1f0ec xcebc5e9b8cbc2 11

12 BLOCK FORMATION EACH BLOCK CONTAINS HASHED VERSION OF PREVIOUS BLOCK New Block 0x8ef84037d Blockchain 0x8ef84037d N1 TX5 TX4 0x577fe4518 0x577fe4518 N6 N2 TX2 TX3 0x6f55864fe 0x6f55864fe N5 N3 TX1 N4 12

13 BLOCKCHAIN 2.0 SMART CONTRACTS Just like what PL/SQL is to the Oracle DB Business logic hosted on the Blockchain Visible & Verifiable Accepted by all on the Blockchain 13

14 BLOCKCHAIN 3.0 CRYPTLETS PROJECT BLETCHY Provides a secure enclave like environment where the results from code execution are attested and accepted by all parties to be secure. 14

15 CENTRALIZED DIFFERENT LEDGER TECHNOLOGIES POSSIBLE SINGLE ORGANIZATION LARGE IT SYSTEMS PERMISSIONED & PRIVATE CONNECTED LEDGER PERMISSIONED & PUBLIC CONNECTED LEDGER FULL PUBLIC CONNECTED LEDGER TRADITIONAL IT SYSTEMS (ERP, CRM) FINANCIAL INSTUTIONS BACK-END SYSTEMS HYBRID CONNECTED LEDGERS DIGITAL IDENTITY / DISTRIBUTED CLOUD STORAGE BITCOIN DECENTRALIZED 15

16 DISRUPTING AVIATION THROUGH LIFE ASSET MANAGEMENT BLOCKCHAIN 16

17 MODERN AIRCRAFT CONSIST OUT OF 2-3 MILLION PARTS PROVENANCE OF TRACKED ITEMS IS CRITICAL ADMINISTRATION OF MAINTENANCE HISTORY THROUGHOUT ENTIRE CHAIN HIGHLY REGULATORY 17

18 TODAY MANY DISPARATE SYSTEMS WRITTEN & VERBAL FEEDBACK TO DESIGNERS INCOMPLETE RECORDS LARGE VOLUME OF PAPER GENERATED STORAGE LACK OF STANDARDISATION LIMITED TRACEABILITY HIGH COSTS FOR COMPLIANCE

19 PURPOSE SPECIFIC PARTICIPANTS COOPERATION TECHNOLOGY CONSORTIUMS SOFTWARE VENDORS SINGLE PICTURE OF TRUTH REGULATORS GRADUAL ADOPTION

20 SINGLE ORGANIZATION LARGE IT SYSTEMS COMPLEX NETWORK OF COMMUNICATION SINGLE POINTS OF FAILURE SINGLE PICTURE OF TRUTH CYBER VULNERABILITY HIGH COSTS 20

21 AVIATION USING BLOCKCHAIN Connected Permissioned Ledger TLAM view of shared data Web Portal Aviation TLAM Manufacturer Distributor Installer Inspector / Regulators Maintainer Operator Existing IT Landscape

22 BENEFITS IMPROVEDDATA QUALITY ACCURATE MAINTENANCE HISTORY SINGLE TRACEABLE RECORD TRUST IN CHAIN LIGHTER ADMINISTRATION LOWER COSTS HIGHER SYSTEM UTILIZATION

23 COMPUTING POWER & ECO FOOTPRINT TRANSACTION LATENCY COMPATIBILITY, TRUST TO EXISTING IT SYSTEMS KNOWLEDGE LAWS AND REGULATIONS DATA OWNERSHIP, PRIVACY & SECURITY 23

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25 AN ESSENTIAL ASPECT OF CREATIVITY IS NOT BEING AFRAID TO FAIL 25

26 IFSworld.com COPYRIGHT 2017 INDUSTRIAL AND FINANCIAL SYSTEMS, IFS AB. IFS AND ALL IFS PRODUCTS AND SERVICES NAMES ARE TRADEMARKS OF IFS. ALL RIGHTS RESERVED. THIS DOCUMENT MAY CONTAIN STATEMENTS OF POSSIBLE FUTURE FUNCTIONALITY FOR IFS S PRODUCTS AND TECHNOLOGY. SUCH STATEMENTS ARE FOR INFORMATION PURPOSES ONLY AND SHOULD NOT BE INTERPRETED AS ANY COMMITMENT OR REPRESENTATION. THE NAMES OF ACTUAL COMPANIES AND PRODUCTS MENTIONED HEREIN MAY BE THE TRADEMARKS OF THEIR RESPECTIVE OWNERS.