►
Description
Blockchain: Paving the Way for New Digital World - Arun S M & Deepesh Verma, Walmart
The presentation will start with describing how internet transformed way of doing business. World is at a place where digital presence is a core pillar for any new business. Blockchain can be compared to early days of internet and has potential to redefine business processes. The core strength of blockchain lies in shared responsibility of digital strategy with greater security. The talk will cover examples from Trade Finance and Supply-chain adoptions. The discussion is not complete without learning from the challenges. The challenges for business and digital presence is multifold, starting with regularity issues across countries, industry readiness for change, ability to invest on new greenfield technologies. Along with these, the tech challenges that come with adoption of new technologies e.g. data inconsistency. The session ends by summarising current industry trends.
Sessions Details & Slides (if available)- https://sched.co/j3dN
----
Hyperledger – Open Source Blockchain Technologies
Hyperledger is an open source community focused on developing a suite of stable frameworks, tools and libraries for enterprise-grade blockchain deployments.
It serves as a neutral home for various distributed ledger frameworks including Hyperledger Besu, Fabric, Sawtooth, Indy, as well as tools like Hyperledger Avalon, Cactus and libraries like Hyperledger Aries, Ursa. Learn more about Hyperledger projects: https://www.hyperledger.org/use
Case Studies: https://www.hyperledger.org/learn/case-studies
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Learn about Hyperledger Membership: https://www.hyperledger.org/about/join
#Hyperledger #HyperledgerGlobalForum2021 #Blockchain
A
Hello
good
morning,
good
afternoon,
good
evening,
everyone
welcome
welcome
to
hyperledger
global
forum,
and
we
are
happy
to
be
presenting.
A
talk
and
goal
of
this
talk
is
to
bring
awareness
like
blockchain.
Technology
is
in
its
early
stage
of
adoption,
and
it
is
evolving
just
like
it
happened
with
the
way
internet,
revolutionized,
different
industries
or
different
market
segments
in
the
past,
and
this
talk
is
going
to
briefly
touch
upon
the
connections
like
how
it
is
evolving.
B
B
So
the
role
we
would
be
discussing
on
the
role
of
blockchain
technology
on
digitizing,
the
future
of
supply
chain-
and
this
will
talk-
will
brief
on
how
it
has
been
playing
a
central
role
and
the
blockchain
technology,
as
we
know,
has
just
related
the
distribution
strategy.
With
this
ability
to
master
on
your
ways
of
doing
business,
there
will
be
a
paradigm
set
in
the
way
we
are
doing
business
due
to
the
advent
in
technology.
B
So
welcome
you
all
on
this
journey
and
let's
talk
about
the
internet,
so
we
know
that
internet
has
become
a
basic
necessity
for
our
lives
or
entire
routine
novel
walls
around
the
internet.
We
are
using
e-commerce
website
for
our
trustee
and
other
daily,
essential,
shoppings
quality
media
and
streaming
devices
for
our
entertainment
and
news,
video
conferencing
tools
for
for
our
application,
for
our
work,
collaboration
with
colleague,
online
classes
and
all
and
medical
consultation
from
the
safety
and
comfort
of
our
own
home.
B
B
in
april
20
that
there
was
a
129
percent
year
over
year,
growth
in
u.s
and
canadian
e-commerce
orders
from
april
2019
to
april
2020.,
a
survey
by
mckenzie
revealed
that
in
u.s
consumers
adoptation
of
the
delhi
health
has
increased
from
million
percent
in
2019
to
46
percent
in
2020,
but
the
internet,
as
we
know
of
today,
took
almost
three
decades
to
come
up
to
what
we
know
it
as
now.
So
let's
have
a
look
at
the
evolution
of
internet.
B
B
The
research
at
cern
in
switzerland
by
british
computer
scientist
tim
berners-lee,
result
information
of
word
byte
linking
hypertext
documents
into
an
information
system
accessible
from
any
node
on
the
network.
Since
then,
the
internet
has
had
a
revolutionary
impact
on
major
aspect
of
civilization,
made
culture,
business
or
technology.
B
Now
we
have
seen
the
evolution
of
internet.
Let's
talk
about
blockchain
technology,
as
we
know
today,
and
this
evolution
and
let's
try
to
compare
it
with
the
early
phases
of
internet.
So,
first
of
all,
what
is
blockchain
blockchain
is
a
distributed
and
decentralized
immutable
laser
which
allows
different
business
entities
to
securely
interact
with
the
same
universal,
true
source
of
truth,
which
they
all
can
trust,
and
why
would
they
trust
it
because
the
laser
is
immutable
distributed
and
which
means
not
a
single
party
can
control
the
entire
laser,
so
first
use
of
blockchain.
B
We
saw
when
satoshi
nakamoto
conceptualized
the
very
first
application
of
blockchain
in
2008
bitcoin,
the
cryptocurrency
in
a
research
paper
in
2009.
He
provided
the
details
of
how
the
technology
can
be
used
to
enhance
the
trust
on
the
data
and
thanks
to
his
decentralizing
aspect,
which
means
that
no
single
person
would
ever
be
control
anything
but
first
such
a
revolutionary
technology.
This
application
should
not
be
limited
to
just
cryptocurrency
with
that
thought.
Bitcoin
was
not
utilizing.
B
This
was
a
great
breakthrough,
as,
with
the
help
of
smart
contracts,
blockchain
could
be
used
as
a
platform
to
develop
decentralized
applications
belonging
to
different
domains,
but
the
blockchain
technologies
still
this
time,
had
some
concern
which
was
blocking
their
enterprise
adoption.
These
blockchains
were
permissionless,
giving
everyone
access
to
the
network.
Also,
the
participants
do
not
have
to
reveal
their
identity.
B
Enterprise
network
need
much
more
regulated
and
trusted
environment
where
any
participant
in
the
network
is
known
and
identifiable
with
a
vision
to
develop
blockchain
solution
for
enterprise
adoption
in
2015,
the
linux
foundation
started
an
umbrella
project
of
open
source,
blockchain
hyperledger.
It
enables
cross
industry
collaborative
development
of
enterprise,
great
open
source
blockchain.
B
B
Any
organization
which
wants
to
use
an
open
source
blockchain
today
has
a
number
of
options
to
choose
from
with
so
many
options
to
choose
from,
and
so
many
different
blockchain
network
running.
There
will
be
need
to
have
interoperability
between
such
networks
and
we
have
been
hearing
interoperability
a
lot
today.
We
heard
that
in
keynote
and
just
the
previous
session,
but
when
we
talk
about
interoperability,
we
might
have
different
interpretation
of
what
interoperability
actually
is.
So
let's
try
to
understand
that
in
detail.
A
So,
in
current
landscape
of
blockchain
networks,
as
the
fish
was
talking
right,
you,
you
see
multiple
networks,
you
see
a
network
which
is
being
built
for
foot
traceability
aspect
and
you
see
another
network
which
is
aimed
at
solving
a
trade
settlement
or
cross-border
trade
settlement.
It
could
be
for
making
sure
that
there
are
no
conflicts
happening
in
the
supply
chain
process
or
it
could
be
for
a
identity
related
use
case.
So
there
you
see
multiple
island
networks
being
formed
everywhere,
and
is
this
a
good
approach
or
is
this
a
good
design?
A
Is
the
question
at
hand?
So
if
you
compare
the
early
days
of
internet
where
we
had
multiple
smaller
networks
which
connected
universities
or
different
research
entities,
or
even
the
different
government
bodies
across
like
across
continents
and
that
the
invent
of
tcp
and
the
invent
of
of
like
how
we
spoke
about
in
the
initial
slides,
a
way
to
connect
a
way
to
standardize
and
connect
them
together,
it
revolutionized
it.
It
brought
together,
something
which
we
known
as
world
wide
web
right,
where
we
have
hypertext
document
exchanged.
A
So
is
it
something
that
we
can
adopt
or
is?
Is
it
the
model
that
we
see
in
blockchain,
maybe
like?
There
is
no
definite
answer
for
that,
but
at
least
we
can
model
it
around
that
in
this
diagram
you
see
a
wide
varies
of
challenges
that
are
being
portrayed
over
here.
Let's,
let's
just
look
at
the
circles
which
are
being
dropped
drawn
on
the
left
side
right,
if
you
see
those
circles,
you
can
see
blockchain
protocols
or
the
different
lectures
which
we
call
they
fall
into
core
of
interoperability
problem
statement.
A
A
So
when
we
talk
about
interoperability,
the
question
at
hand
is
not
just
how
do
I
connect
fabric
with
sawtooth
and
how
do
I
make
decentralized
applications
at
that
layer?
But
probably
it's
much
more
than
that.
When
we
talk
about
interoperability,
it
will
vary
and
around
it's
just
like
how
we
peel
on
onion.
We
hit
multiple
layers.
A
The
interoperability
question
is
also
multi-layered
one.
We
solve
one
and
then
another
problem
comes
up
at
other
different
aspect,
so
this
diagram
kind
of
depicts
the
green
ones,
are
a
technology
related
problem
statements
and
as
we
move
towards
blue,
it's
more
of
business
process
and
business
standard
related
problem
statements,
and
when
we
talk
about
interoperability,
we
need
to
make
sure
like
our
technology
base
is
strong.
We
have
enough
research
and
done
over
that
interoperability.
A
Here
we
have
ways
of
connecting
different
lectures
and
in
in
decentralized
fashion
and
in
scalable
fashion
and
moving
around
that
trying
to
reuse
as
much
as
that
we
have
built
for
specific
use
cases.
I
have
built
a
specific
smart
contract
or,
like
I
have
built
a
application
use
case
for
supply
chain.
A
That's
where
data
standards
do
come
into
picture
and
when
we
talk
about
these
processes
like
the
supply
chain
industry,
we
are
talking
about,
like
thousands
and
hundreds,
if
not
thousands
thousands
of
companies
coming
together
and
and
doing
a
task
and
business
process
at
each
of
those
companies
will
be
different
and
the
scale
at
which
they
operate
will
be
different.
Digitizing.
All
these
is
is
what
we
will.
What
will
lead
us
to
have
a
better
future
in
terms
of
digitizing
in
blockchain,
using
boxing
technology
and
within
hyperledger
space?
B
So
now,
let's
look
at
a
use
case:
walmart
mango
dressability.
If
you
see
in
2016
what
is
the
need
of
traceability
so
suppose
in
case
of
any
foodborne
illness,
when
an
outdoor
or
drink
of
a
foodborne
disease
happens,
it
can
take
days,
if
not
weeks,
to
find
the
source.
Better.
Traceability
could
help
save
lives
by
allowing
companies
to
act
faster
and
protect
their
livelihood
of
farmers
by
only
discarding
those
products
which
came
from
the
affected
forms.
In
such
a
scenario,
it
becomes
very
important
to
be
able
to
implicate
safe
products.
B
B
An
item
and
produce
on
its
journey
to
an
end
consumer
from
farm
to
table,
touches
a
variety
of
ecosystem
and
goes
through
a
lot
of
events,
for
example
in
case
of
mangoes.
It
starts
with
the
farmer,
harvesting
them
and
then
sending
to
a
supplier,
the
supply
salts
that
filters
them
and
creates
different
lots
or
batches.
We
can
call
it
commission
image.
The
patches
then
gets
combined
into
a
larger
container
of
pallets
for
segment
aggregation
event.
B
B
Now
these
manuals
then
get
processed
into
final
packet,
which
would
be
available
for
customers
to
purchase.
These
packets
are
then
saved
to
different
walmart
stores
where
they
are
sell
to
be
sold.
A
customer
who
visits
a
walmart
store.
They
can
choose
the
packet
of
their
liking,
add
to
cart
and
finally
check
out
at
the
store
counter.
B
B
B
With
this
thought
in
mind,
the
technology
team
at
walmart
started
working
on
their
poc,
so
the
technology
team
at
walmart
looked
at
their
own
process,
as
well
as
the
process
of
their
suppliers
to
design
the
application,
which
would
help
them
trace
back
an
item
to
its
source,
all
the
way
from
farm
to
the
farm
where
it
was
grown.
They
created
a
hyperlizer
fabric,
blockchain
based
food
traceability
system.
B
It
was
used
for
two
use
cases
for
folk
in
china.
It
allowed
uploading
certificate
of
authenticity
to
the
blockchain.
As
we
know,
blockchain
is
immutable,
decentralized
laser
the
certificates
which
could
be
verified
on
blockchain.
They
would
bring
more
trust
to
a
system
where
that
used
to
be
a
serious
issue
and
for
the
mangoes
in
the
u.s.
The
time
to
chase
their
provenance
went
from
7
days
to
2.2
seconds,
and
this
was
a
big
pin
for
a
poc.
B
Now,
once
the
poc
was
successful
and
they
had
an
encouraging
outcome
at
hand,
walmart
wanted
to
expand
it.
They
wanted
to
increase
the
number
of
items
they
can
trace
on
blockchain,
but
the
food
system
is
always
changing
and
in
the
earlier
days
the
items
we
could
have
in
the
store
was
limited,
maybe
because
of
the
transportation
and
the
limitation
of
internet
connectivity.
B
B
This
complexity
of
current
supply
chain
has
made
it
very
hard
to
be
able
to
keep
track
of
each
and
every
item
with
the
confidence
and
insights
we
would
like
to
have
so
in
case
of
an
outbreak.
Many
questions
need
to
be
answered
for
different
parties
which
are
involved
in
the
supply
chain.
A
customer
has
a
right
to
know
if
they
are
impacted
associate
in
a
store
they
need
to
know
if
the
particular
packet
has
been
recalled.
Is
it
impacted?
B
The
regulators
will
need
to
know
who
all
people
have
been
impacted
by
that
outbreak,
the
supplier
and
the
formula
would
want
to
know
if
they
are
impacted
or
they
have
to
discard
their
their
items.
As
we
know,
information
alone
is
not
much
worth
unless
we
drive
inside
from
these
and
take
some
concrete
actions
with
into
interestability
information,
which
is
now
available
at
speed
of
thought.
Walmart
would
be
able
to
answer
all
these
questions.
B
B
A
A
If
you
look
at
the
way,
supply
chain
works,
it's
it
moves
from
one
state
to
another
state
like
we
raise
a
there
is
a.
There
is
a
definite
process
involved
that
there
is
always
retailers
or
or
the
dealers
who
will
be
signing
a
purchase
order
request,
and
then
there
will
be
a
big
chain
of
events
happening
prosthetic,
starting
from
like
generating
a
behavioral
document
and
then
going
all
the
way
until
it
is
received
like
that
store
with
with
the
receptor
advice.
A
So
there
it's
a
it's
a
process,
it
has
definiteness,
it
has
its
own
states
moving
from
one
place
to
in
one
state
to
other
state,
and
just
not
these
it's.
We
also
have
shared
value
realization
through
blockchain
technology.
It's
not
just
that
any
one
party
is
gaining
benefit
or
reaping
all
the
benefits
in
in
here
in
using
blockchain
technology
using
blockchain
technology
for
traceability
will
give
visibility
to
each
and
every
party,
including
the
data
which
they
are
exchanging
or
or
the
or
the
data
they
need
in
real
time,
not
just
that.
A
A
If
you
just
look
at
the
complexity
involved
in
any
supply
chain
process
and
by
the
way,
this
is
a
screenshot
from
research
analytics,
you
can
see
a
number
of
different
parties
involved
on
top
chatting
with
retailers,
exporters
and
the
banks
which
are
involved
and
their
customs,
and
then
there
are
stores
and
all
the
wait
until
a
purchaser
at
a
retail
store
receives
their
goods.
So
there
are
number
of
parties
who
are
involved
and
let's,
let's
just
take
one
example.
A
For
instance,
in
2014
marx
did
a
survey
of
how
is
the
produce
or
of
roses
signed
avocados
moving
from
some
place
in
africa
to
netherlands,
right
or
and
when
they
tracked
this,
when
they
wanted
to
see
what
is
the
complexity
that
is
involved,
they
found
that
this
entire
process
of
supply
chain
took
them
34
days.
It's
not
just
that
34
days
they
saw
that
it
involved
over
100
people
across
30
different
entities.
So
we
are
talking
about
this
for
more
shipping
avocados
and
roses
from
kenya
to
netherlands.
They
are
saying
this
amount
of
involvement.
A
It's
not
just
that
out
of
those
34
days.
They
saw
that
10
days
were
spent
merely
on
resolving
or
getting
signatures,
or
maybe
like
processing
some
papers
across
different
entities.
So
this
is
a
considerable
amount
of
time.
What
if
we
can
solve
all
these
in
in
a
matter
of
second
or
in
real
near
real
time
using
blockchain
technology?
A
So
that's
the
value
chain
that
that's
the
value,
that's
how
we're
seeing
benefit
of
blockchain
in
supply
chain
process
and
in
fact
some
blockchain
can
help
in
digitizing
most
of
the
processes
which
are
like
decades
old,
if
not
centuries
old
within
within
that
industry.
So
in
as
with
any
technology
technology,
adoption
doesn't
come
as
as
a
ready
solution.
It
does
come
with
certain
challenges
and
and
like,
for
example,
as
with
any
new
technology.
It's
very
rare
that
you
find
expertise
on
that
particular
technology
everywhere.
So
this
leads
to
small.
A
I
mean
those
people
who
are
those
those
organizations,
those
entities
who
are
just
trying
to
enter
into
this
domain.
It's
for
them.
It's
it's
very
hard
for
to
invest
in
so
much
and
then
on
a
new
technology
which,
where
the
value
they
see
is
is
after
something
is
done,
which
is
over
a
period
of
time.
Rather,
it's
not
like
immediately
visible
thing
right
and
also
there
are
multiple
regulatory
and
data
privacy
laws
coming
across
in
every
countries
which
needs
to
be
adopted
into
technology
itself.
A
So
there
is,
there
is
some
more
work
that
needed
to
be
done
in
in
collaboration
in
open
source,
where
all
these
tools
are
being
built
which
could
meet
these
regulatory
requirements
and
which
could
help
small
and
medium
scale
industries
for
adoption.
So
once
those
small
and
medium
scale
industries
start
adopting
this
technology,
then
there
is
no
stopping
from
there.
A
It's
because
that's
the
breakthrough
like
the
barrier
and
so
and
of
course,
there
are
like
data
digitization
challenges
where
multiple
standards
are
coming
up
and
unifying
how
to
represent
certain
things
across
organizations
uniformly
throughout
the
world.
Gs1
is
is,
for
example,
one
is
providing
that
kind
of
service,
or
at
that
kind
of
standardization
and
the
biggest
challenge
with
blockchain
technology
adoption
is
that
it.
This
kind
of
thing
was
never
seen
before,
like
working
with
partners
was
fine,
but
working
with
partners
and
competitors
together
in
in
the
same
space.
A
This
is
something
new
for
anybody
who
would
like
to
get
involved
into
blockchain
space
now.
Is
it
worth?
Having
said
all
these
key
challenges
that
we
just
discussed?
Is
it
hard
to
use
blockchain
technology
for
anything?
The
answer
is
yes,
it's
it's
you.
You
will
find
some
of
the
like
technical
aspects
of
what
worked
well
for
using
fabric,
or
maybe
for
technical
things
on
the
slide.
A
But
from
the
process
perspective,
we
should
lead
the
business,
define
the
project,
but
not
the
technical
team,
because
what
we
are
trying
to
solve
at
the
end
is
trying
to
use
the
business
process.
So
we
should
let
and
we
should
let
the
business
people
or
we
should
let
the
business
itself
talk
to
us
and
try
to
innovate.
The
processes
try
to
understand,
involve
more
and
more
people
from
across
industries
and
try
to
understand
how
they
are
solving.
A
What
is
their
problem
and
try
to
understand
the
value
that
they
are
going
to
get
and
explore
a
way
of
doing,
which
is
which
is
sound
for
both
parties
and
always
start
small
with
a
poc
and
go
big,
and
I
believe
the
use
case,
which
we
just
discussed
on
on
mango
traceability
and
how
walmart
has
been
adding
multiple
food
items
onto
that
traceability
portfolio.
Just
since
then,
this
isn't
just
a
mentor,
an
example
for
for
how
to
go
about
and
adopting
blockchain
technology
right.
A
A
A
Yes,
we
do
face
challenges
when,
when
we
talk
about
multi
organization
or
multi-party
setup,
there
would
be
preferences
across,
and
so
what
works
really
well
is
to
do
a
poc,
as
we
discussed
just
recently
right
so
start
with
small
try
to
see
like
if
you
have
multiple
options
of
whether
should
I
go
with
ledger,
one
ledger:
two
ledger
three
or
whatever
it
is.
I
mean
most
of
the
time
it.
A
So
this
is
a
good
question.
This
more
of
a
technical
question,
which
I
could
I
wish
I
can
answer
so
yeah
sure.
Let
me
try
it
this
way.
So,
yes,
when
we
talk
about
problems
at
this
scale,
this
the
volume
of
course
is
a
concern
and
the
speed
is
a
concern
and
in
in
cases
like
these,
what
works
well
or
what
works
best
is
you
will
you?
A
There
are
certain
considerations
which
would
which
you
can
follow
from
technical
aspects,
but
again
the
key
to
those
things
is
should
be
coming
from
your
business.
You
should
talk
to
those
people
who
are
involved
and
try
to
understand
their
use
case
based
on
their
inputs.
You
will
know
if
you
can
follow
these
strategies
to
overcome
certain
challenges
and
how
easy
it
is
for
an
early
stage
startup
to
implement
blockchain
to
modernize
supply
chain.
A
A
You
go
all
the
way
until
like
resolving
disputes
in
any
supply
chain
process
that
is
involved
and
not
just
disputes.
You
can
go
further
from
there
and
make
sure
like,
for
example,
the
fish
called
out
the
certification
details
are
being
shown
right
to
end
users
to
know
so
no
I
mean
to
trust
the
food
items
and
all
so
it's
a
it's
a
vast
domain.
It's
not
that
you
always
surface
into
similar
problem
statements,
but
yes
for
an
early
stage.