Blockchain Fundamentals for Technology Engineers
- 2. Instructor Introduction • Joseph Holbrook • Consulting Blockchain Solutions Architect/Trainer/Speaker out of Jacksonville, FL • Certified Blockchain Solutions Architect (CBSA) • Certified Blockchain Expert (CBE) • Certified Bitcoin Professional (CBP) • Certified Google Cloud Platform Cloud Architect • Certified AWS Solutions Architect • Brocade Distinguished Architect (BDA) 2013 • EMC Proven Professional – Expert – Cloud (EMCCE) • Published Course Author on Pearson Safari, Udemy, Linkedin Learning, • Prior US Navy Veteran
- 3. Webinar Objectives By the end of this webinar you should be able to understand What exactly is Blockchain technology? Why are companies are embracing Blockchain technologies? Overview of major Enterprise Blockchains (Hyperledger, Ethereum, Quorum and R3 Corda) What are the most in demand Blockchain Certifications? How do these certification meet the needs of todays Enterprises? What about Blockchain Career Demand?
- 4. Blockchain Fundamentals What exactly is Blockchain technology?
- 5. What Exactly is Blockchain Technology What is a Blockchain? • A cryptographically secure, shared, distributed ledger. • Immutable transactions are written on this distributed ledger on distributed nodes • Transformational technology in which business and government invest in. • It’s a decentralized database which stores information in the form of transactions.
- 6. What Exactly is Blockchain Technology A Blockchain essentially is a record of transactions similar to a traditional ledger. These transactions can be recorded for anything and not just financial • Blockchain is NOT Bitcoin • Blockchain is NOT just about Cryptocurrency • Blockchain is to Bitcoin, what the internet is to email
- 7. What Exactly is Blockchain Technology A distributed ledger is a database that is stored and updated independently by each or node in the blockchain. • The decentralized and distributed nature is what makes it unique. • In blockchain they are immutable • Every single node on the network processes every transaction that occurs.
- 8. What Exactly is Blockchain Technology What is a Cryptocurrency? • Digital currencies are secured using cryptography and combining that with their role as a currency. • Are mined. Not printed. • Considered digital gold, silver.. • Bitcoin is the most widely known and has the largest market cap.
- 9. What Exactly is Blockchain Technology Lets Discuss Bitcoin Briefly • Bitcoin(BTC) was created by a discrete creator named Satoshi Nakamoto in 2009. To this day no one knows who he or she is. • Bitcoin now has a fork called Bitcoin Cash. • Bitcoin is known as “crypto gold”
- 10. What Exactly is Blockchain Technology Blockchain is evolving • Bitcoin was released in Jan 2009 by Satoshi Nakamoto • Blockchain technology then enabled cryptocurrencies, inspired by distributed ledgers, asymmetric encryption and Merkle trees technologies • Altcoins for specific use cases = Dogecoin, Ethereum, etc (2011-2017) • Enterprises explore potential benefits of the technology (Hyperledger, Corda and Quorum)
- 11. What Exactly is Blockchain Technology Built from these technologies. • P2P Networks • Private Key Encryption • Programs
- 12. What Exactly is Blockchain Technology Digital Identity is established • Combining a public and private key creates a strong digital identity reference based on possession. • Private Key • Public Key
- 13. What Exactly is Blockchain Technology Blockchain is revolutionary in several ways • Blockchain is not new technology but a synching of technologies that now make sense. • Trust is at the center and essentially removes intermediaries. (efficiency) • Tamperproof public ledger of value. • Disruptive to the status quo. Legacy is out • Platform with numerous use cases
- 14. What Exactly is Blockchain Technology Transactions in Blockchain • In a Blockchain for a transaction to be considered valid, it will be processed by a validation process known as blockchain mining. • Mining is when a group of nodes use their computing resources to create a block of valid transactions.
- 15. Smart Contracts Smart Contract is a term to describe computer program code that is capable of facilitating, executing, and enforcing the negotiation or performance of an agreement using Blockchain technology. (Contract) • The entire process is automated and can act as a complement or substitute for legal contracts. • Terms of the smart contract are recorded in a computer language as a set of instructions.
- 16. Smart Contracts Smart Contracts • Smart contracts define the rules and penalties around an agreement in the same way that a traditional contract does • Automatically enforce those obligations • Several smart contracts can make up a dApp generally
- 17. Blockchain Fundamentals Why are companies are embracing Blockchain technologies?
- 18. Why are companies are embracing Blockchain technologies? Blockchain and Change • Enterprises require innovation • Enterprises require efficiencies • Enterprises must adapt or fail • Provides new market opportunities • Adapt to ever changing business needs • Meet Compliance demands
- 19. Why are companies are embracing Blockchain technologies? • Some Blockchain Humor
- 20. Why are companies are embracing Blockchain technologies? Blockchain and Change • In PwC’s 2018 survey of 600 executives from 15 territories, 84% say their organizations have at least some involvement with blockchain technology. https://www.pwc.com/blockchainsurvey
- 21. Why are companies are embracing Blockchain technologies? Blockchain and Change • The business value-add of blockchain will grow to slightly more than $176 billion by 2025, and then it will exceed $3.1 trillion by 2030. • https://www.gartner.com/doc/3627117/forecast- blockchain-business-value-worldwide
- 22. Blockchain Fundamentals Overview of major Enterprise Blockchains
- 23. Enterprise Blockchains Lets Discuss the most common smart contract enterprise blockchains
- 24. Enterprise Blockchains Ethereum • Most widely used Open Source Blockchain-based distributed computing application platform • Mainly used for building & implementing smart contracts functionality • It offers a Decentralized Virtual Machine aka Ethereum Virtual Machine (EVM) • Initiated by Vitalik Buterin in 2013 • Ethereum's live Blockchain was launched on 30 July 2015
- 25. Enterprise Blockchains Ethereum • Ether is the native token of the Ethereum blockchain which is used to pay for transaction fees, miner rewards, and other services on the network. • Ethereum is an open software platform based on blockchain technology that enables developers to write smart contracts and build and deploy decentralized applications.
- 26. Enterprise Blockchains Hyperledger • Hyperledger is an open source project that came out of the Linux Foundation and was created in order to help advance cross-industry blockchain technologies. • It is essentially a global open source collaboration involving leaders from numerous industries.
- 27. Enterprise Blockchains Hyperledger Blockchains The Framework Module includes • Hyperledger Indy • Hyperledger Fabric • Hyperledger Iroha • Hyperledger Sawtooth • Hyperledger Burrow
- 28. Enterprise Blockchains R3 Corda • R3 is an enterprise blockchain software firm working with a broad ecosystem of more than 200 members and partners across multiple industries from both the private and public sectors to develop on Corda, our open-source blockchain platform, and Corda Enterprise, a commercial version for enterprise usage. • Corda removes costly friction in business transactions by enabling institutions to transact directly using smart contracts, while ensuring the highest levels of privacy and security.
- 29. Enterprise Blockchains R3 Corda • R3 Corda aka “Corda” and was developed in 2016 • Corda was first built to record, manage and automate financial agreements. • Corda was developed specifically for banks with some limited use cases outside of that area.
- 30. Enterprise Blockchains Quorum • Quorum is ideal for any application requiring high speed and high throughput processing of private transactions within a permissioned group of known participants. • Quorum addresses specific challenges to blockchain technology adoption within the financial industry, and beyond. • Quorum was built on the Ethereum Platform and sponsored by JPMorgan Chase
- 31. Enterprise Blockchains Quorum • Quorum is an Ethereum side chain • Quorum has benefits over Ethereum such as Privacy and Consensus Choices. • Quorum supports two distinct Consensus Algos RAFT and IBFT
- 32. Enterprise Blockchains Transactions Per Second (TPS)
- 34. Blockchain Fundamentals What are the most in demand Blockchain Certifications?
- 35. What are the most in demand Blockchain Certifications? Certified Blockchain Solutions Architect (CBSA) • The Certified Blockchain Solution Architect (CBSA) exam is an elite way to demonstrate your knowledge and skills in the Blockchain arena. • You will become a member of a community of Blockchain leaders. • https://blockchaintrainingalliance.com/products/cbsa
- 36. What are the most in demand Blockchain Certifications? Certified Blockchain Professional (CBCP) • The Certified Blockchain Professional (CBCP) certification is designed for professionals currently working in blockchain, Bitcoin and cryptocurrency roles, or those who wish to understand and work with these technologies, level up their professional skills and certify their level of competency and expertise. • https://blockchaininstituteoftechnology.com/certifications/certified- blockchain-professional/
- 37. What are the most in demand Blockchain Certifications? IBM Blockchain Essentials • This badge earner has developed an understanding of Blockchain principles and practices and how they can be applied within a business environment. They have an understanding of Blockchain and distributed ledger systems, the important concepts and key use cases of Blockchain and how assets can be transferred in a Blockchain network. https://www- 03.ibm.com/services/learning/ites.wss/zz- en?pageType=badges&id=00aa7abf-f310-47c3-96a3-26eedb323b56
- 38. Blockchain Fundamentals How do these certification meet the needs of todays Enterprises?
- 39. How do these certification meet the needs of todays Enterprises? Enterprises are constantly challenged for blockchain skills. Enterprises require employees that have at least a base knowledge in blockchain. • Certifications from Blockchain Training Alliance(BTA), Blockchain Institute of Technology(BIT) and IBM provide most current content and certifications. • Developed by experts in the field. • Enterprise focused Certifications.
- 40. Blockchain Fundamentals What about Blockchain Career Demand?
- 41. Blockchain Careers Blockchain Careers • Blockchain Developer • Blockchain Architect • Software Developers (PHP, Solidity, Python, etc.) • Solutions Architect • Sales Engineer • Blockchain Analyst
- 42. Blockchain Careers Blockchain Careers Demand in Blockchain expertise: • Demand is growing for developers and architects • Pre-sales and Post-sales experience desired • Multiple stages of Blockchain adoption drive demand • Industries such as finance, retail, supply chain, and healthcare
- 43. Blockchain Careers Blockchain Careers • LinkedIn has over 4100 roles listed in the US and over 1406 in the United Kingdom • Cryptojobslist has over 60 roles listed worldwide. • Demand is growing and now is a great time to learn more about the blockchain.
- 44. Thank you • Questions • Thank you
Editor's Notes
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