7. Reduces time
Removes cost
Reduces risk
Online process for
online connected world
Removes force fitting offline
business processes for online business
Blockchain a potential
game-changer for Business
9. Public Private
• Any one can submit a
transaction and take part in
validating the network
• Open to all
• Facilitates transfer of value to
anyone anywhere in the world -
with internet connection
• Specified people to submit and validate
the transaction
• Commiting peer - Maintains ledger,
commits transactions. May hold chain
code
• Endorsing peer - Responds granting or
denying endorsement
• Ordering nodes - Approves adding
transaction blocks into the ledger.
Communicates with committing and
endorsing peer.
28. Dubai blockchain proof of concepts are unveiled
1.Digitize health records on blockchain to provide patients and care
providers with secure access to medical data.
2.Digitize and transfer Kimberley certificates on blockchain to secure the
diamond trade.
3. Transfer titles of illiquid assets on blockchain to increase trade
efficiency.
4. Streamline ID verification to reduce business registration times.
5. Use blockchain-based wills and contracts to ease transfer of
ownership.
6. Boost tourism in Dubai through a blockchain-based program that
would allow visitors to better earn and spend loyalty points.
7.Apply blockchain to trade finance to more effectively exchange goods
and the financing for those goods.
29. IBM with Dubai Customs, Dubai
Trade and its IT provider DUTECH, to
explore the use of blockchain for a
trade finance and logistics solution for
the import and re-export process of
goods in and out of Dubai.
+ +
30. Conclusion
Payments will become increasingly automated, invisible and inconsequential –
Blockchain will facilitate this
While Blockchain has several applications – it is not one magical solution that
applies to all. Case in point is R3.
Blockchain’ sweet spot is convergence of IOT, Governance, Artifical Intelligence,
Machine Learing and Commerce
31. Thank You!
Rajesh Dhuddu
Senior Vice President - Market Development
Email: rajesh.dhuddu@quatrro.com | Website: www.quatrro.com