Hyperledger Foundation Supply Chain, 17 Jul 2020

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From YouTube: Member Webinar: DLT Labs & Walmart Improve Margins, Visibility & Transparency in the Supply Chain

Description

Saving money, keeping costs down, improving profitability, these topics are at the front of every businessperson’s thoughts, especially in tough times. Businesses are doubling down on outcome goals, process goals and performance goals. Whenever two companies must share information in order to do business, there are inefficiencies and anything but perfect execution costs both money and time. Companies are built to work together, systems are not. Systems are built to work alone within each individual company.

In this talk, Neeraj Srivastava and Shannon Hamilton from a Hyperledger Member company, DLT Labs, will introduce their solution: an out of the box platform with configurable modules to solve common business process challenges. The platform integrates with IOT, AI and legacy systems and can be rapidly configured and deployed within 30 days. The use of blockchain ensures that each participant in the process knows the integrity of the data is inherently accurate, tamper-proof and up to date. This improvement to the process enables participants to forecast predictions that directly impact revenue and margins for the entire company. The innovative platform is used today, in full production, by Walmart and its national network to improve their supply chain visibility.

SLIDES: https://www.hyperledger.org/dltlabshyperledger_webinar_july152020_fordistribution

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A

Thank you, everyone for for joining us today. um Let me just do a quick introduction of the folks that we have here from dlt today, so myself, my myself, shannon hamilton, I'm I'm responsible for the the growth and adoption of our platform in north america. I've got niraj vastava on the call he's our chief technology officer and has been a part of hyper ledger. uh Probably since its inception, I think it's fair to say, and then jd hirsch who's who's going to uh do our product demo, for you he's our our sales engineer.

A

So thank you for the opportunity and uh we're looking forward to to sharing and um having some good q a as we uh end the session. So what are we going to speak about today? um We really want to talk about. What we understand is the world's largest enterprise implementation of a a blockchain solution that is powered by hyperledger, with walmart canada and its national network of about 65 carriers, how that's helping address issues around supply chain visibility.

A

I think importantly, talk about the impact and significance so again when you've rolled out a project at this scale outside of a poc really being able to quantify. The benefits is significant and important. So we want to do explain that and then I'm going to let niraj talk about the how we do it so cover a little bit more about the technology and then do a short demonstration and open it up for q a so.

A

Let's talk a little bit about what the project is so that it can level set with everyone when we've looked at supply chain specifically and on the right is, is literally examples of the complexity of information and data that needs to get exchanged between organizations within a supply chain. um Often you know, companies are meant to work together, but systems are not you've got disparate systems.

A

Multiple parties and the ability to synchronize information across all of these points is very challenging, and you know we've definitely seen that exacerbated through kovid, but the ability to leverage blockchain technology in order to create a single source of truth that multiple parties can work off of is an inherent benefit of the technology and within supply chain. When you can eliminate the friction that that exists, when information can't be shared in real time and across multiple parties, it is a significant game, changer and contributes and creates significant value.

A

So we are an enterprise sas platform. uh We we do provide that single source of truth. So you know this will be familiar to most on on the phone, but um you know distributed ledger. Technology really allows for the elimination of duplication of information that shared ledger. The sharing of information simultaneously between multiple parties works really well within supply chain.

A

When you compare that with the smart contracts and the ability to use data in a contextualized way to automate business processes, create that visibility and surface information um in an alerts type of way, you can do a lot when you can get in front of information versus uh responding to it after the fact and underpins the whole process with commercial trust. So these are the inherent benefits that that we've seen through the technology and what our platform provides so within supply chain.

A

Specifically, um what I want to just discuss briefly is the typical shipment process that takes place when two organizations are looking to reconcile information, and you can look at this from a you know: a shipper, a beneficial cargo owner and and the carriers you could look at this through a supplier and a purchaser we've seen.

A

You know this really hold true in in both types of scenarios, but there's an exchange of information, there's an agreement that needs to take place between what services being uh what which service is being requested and which what service is actually being provided.

A

So in freight and logistics, a tender which contains all of the information that is required for the carrier to provide the service is known up front. There's a number of known uh pieces of information that take place and then, while the goods are being transported, there are variable charges. These are referred to as accessorial charges that take place and those unknown pieces of information in this specific process create a lot of friction and- and that's obviously because they're unknown. But it's because the carrier has their source of truth.

A

They know that, let's say in the course of a delivery.

A

They had to wait for three hours when the uh when they arrived at a shipper's location to unload the goods and the the shipper is going to want to validate those three hours, because they don't want to pay for extra charges that they weren't expecting once the goods are delivered.

A

You're in a situation you know usually it's a week to 10 days, a carrier will create an invoice it'll get issued and then, in the case of walmart, it's presented to walmart and they're, going to wait for the payment terms, for that specific carrier could be 30 to 45 days, at which point they're going to start the process of trying to reconcile, while why the charges were not what they expected, and this goes back and forth until both parties come to a resolution and eventually the invoice gets paid.

A

So it's a lengthy process, uh there's a lot of reconciliatory steps uh that are that are um that are compounded by the fact that both parties are operating off of their own data sets.

A

So how do we specifically address this um so distributed? Ledger technology is, is really great for what we've seen eliminating reconciliation. So it's it's been completely eliminated in this business process and I'll explain a little bit. How so, as I showed in the previous 11 step process, the invoice is actually created after uh the goods are already delivered.

A

In this case, the events happen the invoices created and then the reconciliation around the event happens what's different in the way that we've deployed our platform and how we've built the solution with walmart is the tender the shipment details that happens in step number one. The uh the invoice is created with all of that information in step one. We already know the known charges. We know where the goods are being picked up. We know where their goods are going.

A

We know how many miles or kilometers that that shipment is going to take, and we we have all of the negotiated rates and carrier contract details that we can use to populate that information.

A

Then, as the goods are in transport through through step two and step three what's happening here is iot data, so all of the information about the shipments whereabouts are flowing in through our platform and are automatically calculating all of those variable charges. This information is being shared in real time between both parties. So not only can the carrier see this invoice building and I'm going to show you an example of this in a minute but you're, seeing that information populated in real time for both parties.

A

So if the carrier wants to validate something or walmart wants to understand why those variable charges existed, they can look on the platform in real time and they can also reference the iot information. That is the support for those charges, so that information is being populated onto the invoice. So when the goods are delivered, the invoice is complete. There is no need to create an invoice.

A

There is no proof of delivery required because all parties have agreed that the iot data provides that support and the invoice is basically available on the platform for the carrier to click submit. Once that's submitted, it's considered, approved by walmart. There is no approval or audit step needed in order to look at that invoice again again.

A

The nature of the platform is the transparency, but it's also the agreed to an upfront nature of all of the information that each participant has agreed to that has allowed walmart to say we accept that information and it goes directly into walmart's erp system to be approved and paid.

A

So really, the the steps on the bottom are all of the the non-value-add steps that have been eliminated through the process and the benefits are that um you know, there's manual work, that's been removed, the carriers are getting paid uh much faster and they've got complete transparency and visibility through the entire workflow.

A

So what does that? Look like a little bit for those that may not be as familiar with sort of freight invoicing, but I'll just walk through this with an example of the invoice so once the tender is issued, all of that information can be populated into uh into the invoice. So these are the the known charges that I mentioned um all of that upfront information.

A

So that's happening real time on the platform, then, as the shipment is taking place, all of the variable charges that you see towards the bottom, the weight charge. The shunt detention tarp charges any of those variable charges. They can be updated in real time based on the iot information.

A

So, if wait time is, um is is happening. You can see that there's a small charge there that's being applied to the invoice, so that information is validated with the iot information.

A

It is then um populated into the invoice and and presented to to walmart uh with the total calculations uh for for that specific event and goes directly into a paid status, so impact and significance uh what we've seen through deploying the platform that is very different um than other. You know sort of blockchain pocs. So, first and foremost, you know this has been deployed across a walmart's national network of carriers, so 65 carriers, uh it'll process about half a million loads for walmart.

A

So this this is a business critical uh process and um you know, has been up and running for for a number of months uh and you know, was delivering tangible results being able to digitize this process and eliminate the the need for reconciliation is, is a huge process improvement?

A

What we've seen with walmart since the implementation is eliminating friction in the process has also enabled the ability to do things that they weren't able to do previously like quick pay. So, when you've taken friction out of the process, you can now offer vendor discounts based on already having the information, you need to settle an invoice and really is surfacing information that can be used in other ways to improve business processes, so route planning and optimization.

A

As an example, you start to know which routes are causing more variable charges and how can you get in front of those and and maybe optimize those in in a better way, um so walmart a really fantastic customer to be working with, but just to kind of share? Some of the specific examples that we've seen so in the industry? It's not uncommon. That disputes exist um around invoices to the tune of about 70, so that's 7-0, and that was the case uh with walmart, with the implementation of distributed ledger in our platform.

A

That's now under two percent. So I think, as of last week, we were sitting around 1.3 1.5. So this is a significant improvement and- and virtually I think this has been another quote from another executive there in walmart. But you know it's almost rare- to see a situation now where there is a discrepancy or dispute on an invoice uh and really we started this project off. Thinking that this was a you know, freight payment platform, um but really being viewed now more as an information platform, with the ability to surface that.

A

You know business information um in real time, so that uh walmart can use the information to help make decisions in other parts of their business as well, so very impactful. Large-Scale deployment. I'll also say that the production pilot that we went into with with walmart's largest carrier bison transport was done in a little over 60 days. So the already configured nature of the platform has allowed us to be able to move quite quickly and I'll use that as an opportunity to introduce mirage in a minute.

A

But this is also, I think, just a great example of the types of information that can be surfaced very easily. Now around the freight transportation business that walmart can use. um Carriers also have visibility to the data that they they can use and manage for their business purposes as well. So it goes beyond just the reconciliation. It becomes more about the visibility within the entire supply chain.

A

So uh what I think everybody is most excited in hearing um is how we do it, so I'm going to introduce, introduce niraj our chief technology officer to give us some insights into you know how our platform works and how we're using hyperledger.

B

Okay, great uh thanks, shannon hello, everyone. This is neeraj, um I'm ceo here at d80 labs and also just so that you know, like you know, I've been in this space since uh very long time, almost 2011 and I can say I've done more number of projects than anyone else on this planet. Like you know, I've been be it project urban or project jazz bed with bank of canada. I've seen a lot uh since 2012, uh working b with rbcs or r3.

B

Like you know, I've been uh going through all those things and uh whatever what we. What basically I and like you know, a few of our partners we saw was uh there have been lots of use cases which were developed right from day one right like you know, um people were talking about money.

B

Transfer people were talking about supply chains, uh people were talking about contract management, credential verification, you name it and there were also people who were talking about making a car fly right, like you know, if, uh if you're in blockchain space, I'm sure you would have remembered like you know, cases of like you know, icos and all we're like no uh somewhere saying like you will make rocket flyer will make car fly, will make house fly, so people thought that you know anything and everything can be solved using blockchain, and this is what like no.

B

This is where we differentiated ourselves. What we said was that hey, you know what we cannot make car fly, but if someone can make a car fly, we can track it and that's what we have done.

B

We have seen I myself and, like you know, some of my partners like we have seen lots of use cases, and we also saw that hey. You know what uh different companies are born. There are different uh projects well done, but what was surprising to me was that you know why do we need different different platforms to do means? Although the use case look different, but do you don't need different different platforms?

B

If you, if someone would have seen the use cases right like you know whether you're talking about money transfer and it might sound absurd, but if you're talking about money transfer or if you're talking about tracking a personal or supply chain at the core of it, it's all proper data management. Right, like you know, definitely blockchain, is bringing a a very new format of data management, but at the core of it like we, because we also did lots of project.

B

um We developed different different project, but every time when we were doing the project, we said that we are doing the same thing again and again it's just that it needed a scientific view to it. It needed uh an ingenious eye.

B

I'll say right, like you know, because we hear it, we are all engineers there right, like you know it needed an engineer eye to figure out that you know there is a common right, like you know, among all the use cases, there's something common and that's what, like you know, we we learned in, like you know, since 2012, 13 and onwards like when we were working.

B

This is where, like you know, that's what we learned that you know they are common elements right, like you know, whatever use case and what I mean by you- skills like useful use cases like in the use case that can be on the blockchain. We found that common element and that's where we came up with this, this concept of dlt labs code platform, where we develop the platform where, whether we are talking about tracking or tracing supply, chain value, transfer, contract compliance, provenance, credential, privacy, consent management, record management, identity.

B

Right, like you know, you name it, I'm not saying it's all about that. 80 20 rule, I'm not saying 100 of it, but it's all about 80 20 rule the 80 of the use cases which goes on blockchain. They all have something common and that's why I write like you know it goes on blockchain right, like you know, these are all interlinked and what we did was we took the common portion. We created certain without going through the much of the technique.

B

Technicalities right we build a very solid engine which can serve them all right, like you know it's and that's what like, you know, has been one of our most uh secret recipe where, when a customer like walmart or anyone else like you know, uh be like you know, we have been working with certain government and uh be thailand or india right like you know, there are a bunch of them where we are working, it's it's. We can configure them, we can like you know we don't have to double start from the scratch.

B

Basically, within weeks of configuration right and that's what, like you know, our secret recipe has been within weeks of configuration. We can deliver whatever they need, because if someone is really choosing a blockchain, then the platform, what we have that can that can satisfy their need right, because there are only so many use cases which can go on blockchain. Not everything can can go on blockchain. That was one problem. What we, what we saw it and we have solved right.

B

Another part was, if you see that we have written a slight standard legacy, integration see when blockchain came right. Like you know, people were talking about destruction, and you know it will take the banking away and, like people are scared and like you know it was a. It was a good uh like you know, in 2013, 14 15, 16-ish right, like you know, people like you know I'll say like you know, I don't know. Let me put it this way like in terms of better word.

B

There are certain enterprise who was scared that you know blockchain will change the governance. They will change. The banking system. Does that I don't know like you know what I know was it's a really good technology.

B

It is a ledger right, like you know, just like mainframes uh I'll say, like you know, more than 98 or 95 percent of the banks uses mainframe for maintaining the ledger. It's a very solid ledger where the data can be stored right, but it's not something that you know it needs to display something. Basically, in today's id system there is a gap. There is a graph where blockchain is needed.

B

Right, like you know that technology was not there before, but now the technology is there and there was a gap and some with way or the other. That gap was fulfilled by developing certain complex algorithms, complex systems complex, um I don't know like you know it was a very complex system. What was trying to solve that problem- and this is here we got blockchain right which can solve that problem much easily. So people do us right like why blockchain, why not blockchain, but it's the same thing right like, for example, mobile apps.

B

You can have mobile apps on the mobile browser. Why do you need a specific, dedicated mobile, app built in android or ios? Why? Because it makes it easier, it's easier to maintain it's it's better technology.

B

Similarly, right, like you know most of the problem on the blockchain, yes, it can be solved like right, like you know, for example, payment system right what all the bankings and financial system users. Yes like you know it can be solved with it, but at the same time like you know, blockchain can solve it much easier, it's much more efficient right at much less cost.

B

So that's where the the concept of blockchain comes in, but the problem was one of the big problem was integration of blockchain with the legacy system, because no enterprise like be it walmart or any of the banks or governments. They are not going to say that hey, you know what uh take away all the existing system and unless you block blockchain right, that's what people were envisioning.

B

It might happen couple of decades, but it won't happen that fast, so and at the same time, blockchain guys if you remember or if you have read it blockchain is an asynchronous system. It is not a synchronous today, the iit system, what we use in most of the cases, it's a synchronous system, but blockchain is an asynchronous, so our problem was- and today actually is not our problem. Basically, it has been the blockchain space and that's why many of the projects has failed when they talk about integration connecting a synchronous with an asynchronous system.

B

That's it's not that easy, and this is where we have built like we have spent years and years with thousands and thousands hours of like development and research where we have built certain integrators which can connect uh asynchronous and synchronous system together. It's not easy. It needs a whole lot of effort, but now we have made it really easy and definitely like walmart has been one of the biggest flagship project what we have done, but there has been a lot more complex and sophisticated project.

B

We have done where we have proven that a synchronous and an asynchronous system can be done and we have also written like you, know certain white papers and more than happy to talk about it in certain, like you know, other webinars. So that's one of our and definitely the security and compliance. I need not to say right. Like you know, blockchain does come with more than bank rate security. They it's in.

B

It's it's basically, like you know it's the most secure thing like no possible right like as much as we know about algorithm or security or cryptography like it's. It's there right, like you know, you can't just make it anything more secure because think of even if you're using database and people think it's it's safe, but what you do in order to like you know, uh make uh database secure you encrypt it you times stamp it right. That's how you do moving forward.

B

uh Another part, what what has really helped us, like you know, to achieve what we want to achieve. Was this modularity and reusability right when we are talking here like we at dit that it's not just one-off stuff right, it's not just that! We we work on one use case. We are trying to work on a horizontal technology.

B

We are working on a technology which can serve or which can cater hundreds or thousands of use cases, and in order to do it, we have to keep things very modular because another reason of modularity why we need to make everything modular and by modular what we mean is that today suppose, um or let's take the example right today, we have a blockchain tomorrow, uh something new come up right and technology is advancing, so they are clients or right like who are investing, who are buying a product.

B

It should not be that you know our system should become older right, like you know, it should not be that over the time a new technology technologies come out and, like you know, we are way behind and all the clients who has invested here right, like you know they are, they are they are left behind, and this was one of the reason why initially not many companies were investing in blockchain, because they will fear right that which blockchain will work, which will not work this.

B

That right, like you, know odd blockchain, is a solution, not a solution, and this is where, like with the help of a6 a6, stand for application, specific, integrated kernels and yes, like you know, these are like you know, kernel setting a layer behind the products and a layer above the blockchain which connects the blockchain with with rest of the system right and the benefit is that today, whichever blockchain we are using suppose tomorrow, a better database comes a better blockchain comes or something else come on. Like you know, people talk about right.

B

Like you know, a new type of computer is coming quantum computers coming. This is the model modularity. What we have that easily we can migrate the data from one system to another system. Also, the asic allows that integration right, like you know, without changing the data without changing the interface, everything can be connected and that's the power of asic, and this is what we are basically showing. So, as you can see very clearly right, like you know, in the middle, there is a web service that globe, which is connecting with the smart contract.

B

Basically, that request and response is happening between asynchronous and synchronous world. Similarly, like if things changes in future, none of the like, you know our client investment, our effort via deity. We will not go out of business, we will just upgrade. For example, we have been using for identity and solution. We started using open id connect. Initially, we were not using like we were using our home chrome solution, but now, with the advent right and oidc is even newer than blockchain, we were able to upgrade ourselves.

B

We were able to adopt new technology to make our system more and more secure. Like you know, one of the most robust and most secure like no so far, we have seen of your test type um next.

A

Oh perfect, yeah, I think we're going to move. Is there anything else you want to add before we um go in and give a quick demonstration of how the platform works.

B

No, I think uh that's pretty much with the limited time, uh if guys had any question or anything more than happy like you know, to answer it around. Otherwise, let's jump to the demonstration so that people can see right, like you know how how exactly the thing works thanks.

A

Perfect, I'm gonna stop sharing and I'm gonna say over to you. Jd.

C

Perfect. Thank you.

C

All right so logging in now to show the platform here, I'm logged in as one of the third-party carriers in our demo environment and I'm just going to bank off what shannon went over with the walmart solution and really show how now our platform works and really what we solved for walmart.

C

I also saw some questions on iot devices, so I'd like to mock up what uh a charge looks like and how that iot device tracks that charge and then how that's also represented on the blockchain so logged in now, I'm on the workflows page and what this is is this third-party carrier is now seeing all the shipments they have with walmart that are currently in progress or have already been completed.

C

So what they're able to do is actually open up each of these shipments in this view and see exactly where that shipment's at so each touch point that has been made by another organization has been date and time stamped. So they know exactly what has happened and when that has happened. So I'm just opening up a couple here. We can see that this one has been completely paid.

C

You can see the full timeline completed and you're able to actually even see some that have been in dispute and stopped at an auditor level. But what I want to do now is just highlight some of the um data points and how the smart contracts really come into play with a specific shipment. So I've clicked into one specific shipment here and you can see a lot of information on the page. But what this really is now is all of the data points that we've configured and defined for this solution are being now tracked.

C

So you can see such things, such as the load id or any of the city locations where the shipments coming from and where it's going to that end destination and then anything on blue on the page is actually a smart contract that has been pre-configured with the contract that was established with walmart and their third party carrier. And what this is now is. All of these calculations are happening in real time and they're being automated, so really what it does.

C

What shannon was also discussing is that that invoices started before the or really when the shipment even starts, and all of the calculations are happening in real time, so they know exactly what is being costed rather than waiting for the shipment to be completed and going back and trying to dispute and figure out exactly what is the final cost of the the shipment. So at any point they know exactly what that shipment is scrolling down.

C

They, they have a view also of a chart clean, organized view of exactly what the values are within the actual shipment. So they can see a previous value and a new value and any charges that have occurred that are taking effect on that new value.

C

So what I'd like to do now is mock up with a change or a charge that that will happen uh with the iot devices so with the solution that we really solved and a big problem that was happening before was there'd be a lot of disputes, and this this was affecting that 70 percent uh dispute number that shannon was discussing and how we really brought that down was there's a lot of disputes around wait time charges.

C

So what was happening was the carrier would arrive at a walmart distribution center and they would have to wait before they could complete the actual shipment and the carrier would be charging walmart on that time. They'd have to wait whether it be um 50 per hour or whatever set charge they have um with walmart. So what we're able to do is take that set charge with that constant value, configure in a smart contract and then track those hours by the iot devices connected up to our system.

C

So what I'll do is a manual change here, but this is something that would be happening automatically, and this would be. We could make this say three hours. The carrier had to wait, so I'm just updating now uh three hours and as this happens now in the in the real world situation, all of these numbers will be automatically updated so scrolling down to the bottom of the page again, once this updates, I'm able to see that there's an old record of that zero hours and it's now been updated with three hours now.

C

The previous value will also be updated with a new value, and all of the members that are in play in this process will see what that charges. That's affecting that new value, so they'll see that that 150 has been added to that new value. Because of that constant, fifty dollars per hour charge. Now everything else on the page has been updated and it's a shared space where everyone is seeing that same total, updated. Well, it's what's really beneficial with our solution.

C

Now is that either member can now go in, and even though that this shipment hasn't been fully completed, they're able to download an invoice and this invoice is um 100, secure and accurate because they know all of the contracts agreed upon beforehand and those smart contracts. Updating that value automatically, so when I open this invoice now, I'm able to even see that three hour wait time charge updated within the invoice and that hundred and fifty dollars added to that new total.

C

So they know exactly again what this exact total cost is for the shipment, even though it hasn't been completed yet, and the last thing I just want to show quickly as well um when a transaction happens or a different touch point or change or charge anything that occurs within the actual shipment. There would be a hash representation of that transaction then stored on the blockchain so scrolling down. Here I made that change a couple of minutes ago um at 10 35 a.m.

C

Eastern time and we're able to now see that hash that actually represents that change of that three hours I added onto onto this shipment and that's really what I wanted to show on your did. You want to discuss anything else within the platform.

A

That's great jd. Thank you.

B

Yeah, so no, I think uh we have covered uh uh most part of it and we see a bunch of questions uh there. So there's nothing much from my side to add at this point.

A

Niraj, I think one of the questions that that's come up is: um why did we choose hyper ledger over other blockchain solutions.

B

Sure that's an interesting one and basically we can have a full uh webinar.

B

Just on this topic, see, um as I said right like you, know, I've, I'm I've seen this space evolving right, starting with uh bitcoin uh moving on to uh then ethereum came out and then uh actually after that, like you know, hyperledger was formed um thanks to like you know, people like linux and uh uh like in a bunch of people like ibm right, like you know where. uh Basically this uh came out uh apart from hyper ledger.

B

uh I know like you know, things have changed drastically now, um but I've seen, as I said, like you know, I've seen the space growing hyper ledger, I can say, has been the only organization or basically uh sorry, like you know, calling it organization. Basically, like you know, it's a it's a free form right, like you know, it's it's a place where we we all have contributed, but not from a cryptocurrency perspective.

B

Sorry, like you know, I'm not allowed to use that word, but that that's really true before hyperledger, like you know, everyone was talking about. Like you know, coins and uh used, like you know, use case of blockchain- was just limited to uh how to transfer money or how, like you know, people can raise money like you know all those stuff right. Any other blockchain platform if you'll see hyperledger has been, and especially the fabric right, has been the first platform which which basically saw right, like you know, which basically took even what we were thinking.

B

What I was thinking that you know the blockchain has much more use case and it was one of the first platform where use cases can be built for enterprises right. It was designed for business right, like you know, and we have seen that you know over the time right from the start of it.

B

Hyperledger has grown in that way. Right, like you know, they have not uh switched away that hey. You know what let's go this way. Let's go. That's true that way, hypoligen has been very stable. The form of governance is very good. You can contribute, you can be part of it and especially, like you know, people contributing towards the hyper ledger. They are I'm talking about. You know source code and all like you know, be ibm's right, like even we contribute a lot we all are coming from an enterprise world.

B

In short, like you know, long story short hyperledger fabric specifically and, like you know, some of the other platform is one of the most mature platform in the market. We test. We have tested every black blockchain platform.

B

There are lots of like you know, people say about it, but we don't go in believing that you know what is uh written in white papers, but what what we believe is like you know. What is there? In the source code perspective, hyperledger and especially like you know, hyperledger fabric is one of the more solid source code which we have seen so far, and this is, we believe, is the only platform, basically where you can run production grade system right, like you know, it's stable. We have been running for years and years.

B

It's it's good. It's it's good uh in comparison to, like you know any other platform and, above all, they don't do false promises. If you see the documentation and the real source code it matches exactly.

B

Unlike like you know, other platform where they will say a lot in the white paper, but once you start playing with the system it doesn't, it doesn't work right. So basically that has been a reason to stick with hyperledger fabric, but we are not just bound with it right, like you know now, ethereum is also part of a hyperledger community and we use ethereum a lot and it is also a very stable platform.

B

It's just that the use case which can go on ethereum is much different um because of like you know, privacy and security, and the way the ethereum has been designed, like you know when it comes to like real privacy.

B

Like you know, fabric um uh based on us right, like you know, is the way to go, and it's it's pretty obvious, like you know, ethereum, even in the confined way like you know, it's it's designed to uh uh share information with everyone without a control, whereas fabric with the concepts of channels and, like you know, uh data encryption like when it comes to enterprise to enterprise stock privacy. Like you know, it's much better and that's where we have been sticking with hyperlogic fabric and definitely but in terms of of stability.

B

Ethereum is equivalently good, but for a different type of use case.

A

Awesome um nira is just another question about which specific hyper ledger framework.

B

It's fabric hyperledger fabric. We have been using extensively, uh but there are others also right right uh from there like you know, which are really good, but uh specifically the use case. What you saw uh has been built completely on uh using the hyperledger fabric framework.

A

Can you talk a little bit about um the channels and the nodes like who's managing data from a walmart um standpoint? Is that walmart, the carrier sort of who has authority and and um control over the the data.

B

Sure so see the weight works is right, like um in case of walmart is uh walmart, uh and then there are carriers in canada. They are approx, 70s uh carrier.

B

So the way the system works is- and this is interesting right, like you know, in a in a platform, basically, uh data needs to be segregated right, like you know, no, if walmart is trying to talk with carrier, one right then carrier two should not see it. So there is a communication between walmart and carrier, one and walmart and carrier two right. So whatever conversation of business deal between walmart and carrier, one is happening. Walmart and carrier.

B

Two should not see it right, and this is where, like you know, that's where the trust has to come in, and this is what, where only blockchain can do it and that thing is done with the concepts of channel. So the way we have implemented is that when a carrier is onboarded, like you know, once you will see our own booting process, it's a quick like no, it's like a regular sign up. You will, like you know the way you do. Facebook or google sign up like it's.

B

A regular signup, you will sign up within few minutes. You are onboarded, but behind the scene, a lot happens, unlike like regular systems where, basically, when you are signing up, basically simply a record gets created in a database. Right like you know that you got sign up right, your record got created in a database uh row. That's it now, here it's much more sophisticated. When a carrier is on board it, a channel gets created automatically a channel gets created between the walmart and uh the carrier on what is channel.

B

It is a physical sorry, it's a it's, a logical separation of data from from the carrier to as needed. It can be a physical. You can make it a physical separation also. But it's basically like you know it's a complete logical separation where in any case, even by mistake, also carrier, one cannot see the business transaction of carrier two. So every time uh carriers is on boarded its a channel gets created. A contract gets deployed.

B

uh Basically, like you know, with every carrier, every carrier is different and there is different legal contracts between walmart and each of the carrier so based on the contract, a different smart contract automatically that gets deployed, it's it's a certificate get generated, basically, in short, a highway gets created between walmart and carrier, one and then walmart and carrier two. So basically they are.

B

If when we say they are 70 carriers, that means there are 70 highways between walmart to all the carriers where definitely walmart can see can go to on all the highways, but every highway is dedicated to one of the carrier and the and the carrier on their own. They can only like you know, uh travel on that highway in terms of nodes.

B

Yes, like you know, uh basically inca and fabric, they are peers, they are orders right like so it's not that simple as like you know in ethereum, where they are simple nodes and, like you know how you distribute it. Hyperledger fabric is much more sophisticated and there's a reason why it is so they are concepts of orders. Peers right, like you know, it's uh certificate party. So what we have done is we have made sure that you know it's it's distributed across the across the geography in north america.

B

Right, like you know, definitely I cannot go like you know, because of the security purpose where they are, but it's quite distributed, and it's so distributed that you know the probability of the system going down is, um I say, like you know, is even basically take it. This way our earth collapsing is more than than the like. You know, system going uh down right like you know, so that's how we have distributed it just to make sure that the system is completely reliable and 24x7.

A

Available super. Thank you. I'm just looking through some of the other questions. Marta, do you want to open it up for auditable q a or should I just continue to go through the the q, a that's being submitted.

A

D

Sorry couldn't find my unmute. um Please continue with the questions from the q a. I think this is a very good way to um to follow through. There is one question from michael, graham uh that is asking about the modularity um and oh yeah. Sorry, this question has been already answered. So yes, please continue with the questions. We have still seven augmented questions and if you have more questions, please submit them.

A

Perfect um um niraj, you want to talk a little bit. I could comment on it as well, but just on how this scales in different industries, obviously walmart's a large organization. But um how have you seen the platformer use cases differ in different sized organizations and is there a role or how does mobile apps play into the implementation of the of the solution?.

B

Yeah sure, no, a very good question so see right and I've put it in the chat, also right at the end of the day, if someone asked me like you know who we are at dlt labs, we are a distributed data management, company and I'll repeat so we are a distributed data management company. We are horizontal right. Like you know, our platform is horizontal, where lots of use cases can be done, and it's not that you know we are the only one right like you know, you talk about oracle.

B

uh You talk about sap right, like you know, uh google right, like you know they are all horizontal platform where they are technology company, where they can cater hundreds of thousands of of our needs, and this is where we stand right. Like you know, we are. uh um We are also on the like. You know in the same page right like you know, so when it comes to use cases like you know, it can vary a lot, for example, the same platform. What we are using um for uh here with walmart canada for invoice.

B

uh You can call it invoice reconciliation, which is not the right thing to say basically to manage the payment system. Right, like you know, it's.

B

Basically, it's managing the complete payment system between the walmart and the carriers, the same platform we are using in, uh like you know, in india for, like you know, a part of the government um in order to like you, know, track uh uh basically, uh students right, like you, know these, uh without going too much detail right, there's a program in india where, like you know, once you do the certification you get paid and um based on that, uh based on it right technology, you get jobs and all, but, like you know, government want to track them right.

B

You can use it there. The same platform we have used in the past for in mining, industry, right, cobalt, mining right like no, where you want to track and trace uh cobalt, but we are also like you know. We have basically the same platform can be used for contract management on the other side like completing completely contrary to this, like uh we have been working with uh someone where we are using the same platform for uh this covet certification.

B

Right, like you know today, you see that there are mobile, apps or um technology popping out right like where now because of this covet, you want to get certified right.

B

Like you know, you want to go to the medical hospital, medical center, centers or hospitals, where, um basically, uh you need a certificate before you travel to another province or another country that you are, you don't have covet, so the same platform can be used for certification, where medical centers can give it to you, and then I think the question was also linked to the mobile app on the mobile app.

B

Basically, a secure qr code can come, and basically this is a very good use case of blockchain, because blockchain is known for anonymity, and here when it comes to the medical certificates of coven, you want to tell the other party that hey, you are covered free, but you don't want to reveal your identity, and this is where, like blockchain comes very, very, very handy where medical test, centers or hospitals can give you certificate without knowing exactly who you are, and the other party basically can verify that hey.

B

You know uh I don't have uh that, I don't have covet or I have covered right if you're entering the malls or like cinema theaters right in coming days, like you know, they will be able to scan you so without revealing my identity. I can also say that hey, you know what, like you know, I don't have covet or, like you know, I was detected covered, so there has been whole lot of use.

B

Cases whole lot of angles, um as I mentioned few of them right, where the same platform is being used all across whether it is educational insurance. Specifically finance, like you know, in fintech space, there is extensive use case of it.

B

So if, in one word I have to say if you think that you are transferring information, if there is a concept of inter company information, if your enterprise is transferring information from your organization to any other organization- and you are not happy with the security or the way the information is being transferred, then basically you should talk to us once.

A

Perfect um niraj, I thought this was an interesting question. What features do you wish hyperledger could offer, but that aren't currently available.

B

So it's a it will uh that's a interesting one, but uh it can get uh really technical, um but one of the um like you know things. What we have seen is right, um and this is what I'm thinking like you know how much uh we should reveal right like you know, because I said on a bunch of advisory board, and I just don't want to like you know, uh reveal something internal. uh What we've seen is right um in in your fabric.

B

Basically, when you try to uh search any data right, although they are using cause db like you know, which is sql based where things can be done, but when you like, you know here, take it this way right in case of wall martial. This will be a good example, beat walmart and all the carriers right. They jum generate overnightly report right, like you know, they have bad systems right like where some of the carriers we have seen like yeah, even using mainframes. So basically they are mainframes running overnight and they want to generate report.

B

So what the problem, what we faced was that there is a walmart and there are carriers, and everyone wants to generate report overnight. So our system was uh not that busy during the daytime, but when it comes to night we were saying, like you know: okay, like you know, lots of companies. Everyone wants to generate report right because that time during night time, their system is uh uh like rest of the system is not working.

B

That's why they prefer generating reports at nighttime, and we are talking about, like you know, um reports uh which takes hours and hours to generate like you know, we are talking millions and millions of data, but all of them were coming to our system at the same time and with the native storage, what is being offered with fabric like we have seen like you know it, it was creating a bottleneck, the way the data be was being taken out and all those things and initially it was taking like you know, every report was taking like six hours.

B

Eight hours, like you know, to generate that report, and this is where right like you know, we have done a whole lot of like you know, re-engineering there right, like you know, and again again, without going too much of the detail, we have developed certain things where, like no reportings from like, which was taking seven eight hours and which any computer system basically would have taken seven eight hours right, like you know, because uh 70 big companies they are trying to like you, know, fresher data.

B

At the same time, it got reduced to like no one, r or less than an r right, like you know, because we organize the data in a much much efficient way right. So there's nothing wrong with the fabric. It's just that. I think like if one feature like you know, which we I've been proposing and like which we would like to see, like you know, a better uh data storage mechanism within uh fabric which can makes uh report generation.

B

I'm not talking about you, know one or small report generation, I'm talking about where, if a system like mainframe want to generate report overnight like it should be much more effective so so far we have developed it, we have our own, but like. No, maybe like you know one day. If it is part of fabric, I think everyone can utilize it in a much better way.

A

Sorry I was on you one last question before marta needs to take back and wrap up um niraj. What makes our platform um different than some of the other like trade lens, ibm type um platforms out there.

B

Yeah, okay, so uh I think I've already answered in a way before right see. This was the whole point right. uh Think of this way you got uh google right or uh in your office. You are using uh microsoft uh right, like office 365 or you are using google g suite. So what do you prefer?

B

Do you want to have like um a separate company providing you chat and another company providing you email? Another company providing you storage, another company, providing you forms another company, providing you desktop or you want everything together right! That's why, like you know so, when you buy your enterprise uh official needs right, you go either with office, 365 or g suite or, like you know, a few others right. They have major players where you buy one package and you get everything right like you are buying microsoft office 365. So you get teams.

B

You get means for video communication. You get emails, you get outlook, you get share, drive you get lots of stuff right. You don't go and shop things individually! That hey! You know what I want to buy video messenger. I want to buy calling system. It's it's a whole lot of work right, but both will work right. You buy it individually, it will work and you buy with office then also it will work. But what do you prefer right? You want one solution which can handle most of your enterprises. This need right.

B

So that's what my answer is. Yes, every platform is good right, like you know they can solve your problem, but their design or any other company. The way most of the companies approach it. They have done one product for one one product for one one product for one: how many products do you want to buy here? Our approach at vit- and this is right from the start, and you will see some of my videos right like so last year since 2014.

B

This is what I've been educated one platform because blockchain is is all about data management. If you can haul the data management, 80 percent, all those problems right, like you know, you know, I name it because the question has come: we trade lands and all those things you don't need individual products. One platform for all your enterprises need, and that's why, like you know, that's the big difference, basically um between all those and our deity platform.

A

Super niraj- that's great, thank you so much and I'm gonna pass it back over to marta. Thank you for the opportunity. Everyone. The request session is recorded and we will share the slides with marta to distribute to those that attended.

D

Thank you shannon. This was great, a whole team. Thank you so much. It was really engaging a couple of uh reminders. uh We have upcoming webinars, actually the next webinar that will happen on august. The 5th will be a project webinar and it will talk about all the um advancements and new features in hyperledger best. So as it's going to its next version, and then we will have a talk by hedera about their recent hyperledger labs project, which talks about the ordering services for hyperledger fabric.

D

If you are hungry for more content, please go to our hyperledger global forum, youtube channel. You can also uh see the presentations uh that are available publicly on the said, and you know just listen in um it's. It makes for a great uh substitution for podcasts. Really, please get involved. If you have any questions, uh email us uh go, join the community and of course, please feel free to reach out. If you have any more questions for our wonderful speakers today and with that, thank you, stay safe and stay.

D