BLOCKCHAIN BY RYAN MORRIS PATRICK TONY GIULIO CASTAGNARA

DISCLOSURE Some of the material in this presentation was prepared using Morgan Stanley research. Use of that research is strictly for educational and presentation purposes only, and should not be considered a statement as to suitability of investment for anyone viewing this presentation. Reproduction or dissemination of the research material used in this presentation is prohibited except for use and review by the Professor grading the presentation.

THE HISTORY OF BLOCKCHAIN

WHAT IS BLOCKCHAIN AND WHY IS IT IMPORTANT "Blockchain is a shared, distributed ledger that facilitates the process of recording transactions and tracking assets in a business network. An asset can be tangible – a house, a car, cash, land – or intangible like intellectual property, such as patents, copyrights, or branding. Virtually anything of value can be tracked and traded on a blockchain network, reducing risk and cutting costs for all involved. " - IBM Blockchain for Dummies Blockchain technology allows the details of a transaction sit on an independent system of each party to that transactions. The technology is cost efficient, and decentralized, which makes it safe from alterations. The electronic nature gives it speed, flexibility and potential automation. Blockchain has four fundamental characteristics – immutability, security/automation, transparency and trustless operation. Blockchain is NOT Bitcoin or any other associated cryptocurrency. Cryptocurrencies are just one of many applications of the technology.

HOW BLOCKCHAIN WORKS

WHAT CAN BLOCKCHAIN DO

PATRICK: BLOCKCHAIN APPLICATIONS Supply Chain Application Bit Coin Fin. Tech: Financial Platform Limitless applications Major Drawbacks/sticking points No one really understands the technology Trust & Security or Appearance of Security of the technology

WHY BLOCKCHAIN FOR YOUR ORGANIZATION Contracting cost Cost of (re)building trust Blockchain Search cost Coordination cost Cost of transactions

CHALLENGES OF IMPLEMENTING BLOCKCHAIN Awareness and understanding Organization Cost and efficiency Regulation and governance Culture Security and privacy

IMPLEMENTING BLOCKCHAIN Blockchain ledger to record transactions Regulator Key Players for Blockchain Adoption Market Maker Industry Group

HYPERLEDGER PROJECT MEMBERS Premier Members General Members

BLOCKCHAIN & SUPPLY CHAIN MANAGEMENT *GS 1 is the Global Business Communication Standards Organization

WALMART

WALMART'S APPLICATION OF BLOCKCHAIN Partnership between Walmart & IBM started in late 2016 to improve traceability of products in U. S. & China Current Problems • Delays & errors • Bottlenecks & food waste • Food safety Challenge s Implement technology @ source Goals • Increase food traceability • Improve SC transparency & auditability • Streamlined & more efficient SC

CONCLUSION “The blockchain could be an Occam’s razor, the most efficient, direct, and natural mean of coordinating all human and machine activity; it is a natural efficiency process. ” - Melanie Swan (Blockchain Theorist)

REFERENCES https: //opensource. com/open-organization/17/11/blockchain-revolution-part-1 https: //www 2. deloitte. com/content/dam/Deloitte/uk/Documents/Innovation/deloitte-uk-blockchain-key- challenges. pdf https: //www. youtube. com/watch? v=l. D 9 KAnk. ZUj. U&t=46 s file: ///F: /TCU/Presentations/2017_Blockchain. pdf https: //hyperledger. org/members https: //bitcoinmagazine. com/articles/walmart-testing-blockchain-technology-for-supply-chain-management/ https: //www- 03. ibm. com/systems/data/flash/it/technicalday/pdf/Making%20 blockchain%20 real%20 for%20 business. pdf https: //www. youtube. com/watch? v=FQt. MW 7 Gn 8 ak

IMPLEMENTING BLOCKCHAIN

BIBLIOGRAPHY Morgan Stanley Research Article – Freight Transportation, Blockchain in Freight Transportation: Early Days Yet But Worth the Hype, November 24, 2017

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