Blockchain R&D in Korea

Transcription

1 Blockchain R&D in Korea - Blockchain Roadmap & Case Studies Blockchain Convergence Program Manager Jonghyun Kim

2 Jonghyun Kim Blockchain Convergence Program Manager 사진 IITP, Ministry of Science and ICT Contact : girasong@naver.com <Educational Background> KAIST Graduate School of Management Chief Executive Officer Strategic Course(AIM) Seoul National University Business School CFO Strategic Course Univ. of Texas at Austin Doctor of Engineering Seoul National University Master of Engineering Seoul National University Bachelor of Engineering <Career & Research> ~ Now Ministry of Science and ICT, Blockchain Convergence PM ~ Professor, Department of Cyber Security, Ajou University ~ KB Bank, CISO ~ Ernst & Young HanYoung Corporation, partner Booz Allen Hamilton Korea, Financial Industry Strategy Leader IBM Financial Sector SCM Leader Samsung SDS, Consulting Departement Financial Part Leader 2

3 Davos Forum's block chain technology prospects The 2016Word Economic Forum By 2017, 80% of global financial institutions have adopted block chains. 10% ($ 8 trillion) of World GDP in 2025 Transactions are stored in a block chain Includes block chains in Top 10 Emerging Technologies Artificial intelligence and block chains as the two technologies of the Fourth Industrial Revolution, discuss the encryption asset bubble in the first session Applying block chains can reduce $ 15 billion to 20 billion per year by 2022 Venture Capital Santander Innovations 2015 Report 3

4 Decentralized P2P network platform Blockchain = Decentralized Public Ledger (Permissioned or Permissionless) Distributed management through block-chained networks and sharing of verified information Features of the block chain Decentralized : It is a distributed ledger system in which transactions are carried out autonomously without an intermediary, preventing hacking Information transparency : A data sharing platform where participants can easily find data on related topics Security : Prevention of forgery and falsification based on personal authentication by electronic signature and data linked by chain TTP (Trusted Third Party) Central Management Blockchain Network Distributed Management 4

5 Internet Access Over Time Virtual Money Market From $ 18B early in 2017 to $ 300B at the end of November 1/2 of Facebook, 1/25 of the gold market Internet In 1991, the public website appeared, 1993 appeared in the Web browser and 300 sites, increased to 2738 in (1972) The first Killer app developed by ARPANet's Ray Tomlinson, standardized until it became popular in the 90's,User Interface, PC Network Forbes, It's 1994 in Cryptocurrency, 5

6 Tip of Blockchain Iceberg Blockchain Technology is under development Distributed Ledger Technology Consensus (PoW, PoS) Wallet Sharding Child-Chain: Plasma Atomic Swap, Kyber Network Off-Chain: Lightning Network, Raiden Network 6

7 Blockchain Innovation: Distributed Business Model Holocarcy, which aims at improving the culture of centralization and monopoly Distributed system that eliminates huge IT system entry barriers 7

8 Three Blockchain-Based Business Models Blockchain is Information Infrastructure Model : Utilize all areas that use information Information that is general public information or information that can be disclosed to a specific group Over time, the accumulated bulk data is divided into blocks and stored permanently Product Brokerage / Sales Rex Car e-wallet Cryto-Kitties Resource sharing FileCoin LaZooz Swarm City Slock.it Information verification ID2020 E-Land Wallmart MaersK 8

9 ID2020 with UN ID2020 uses blockchain to identify people worldwide with participation of Microsoft and Accenture More than 1 billion districts are not receiving education, health, voting, or bank account benefits UN WFP (World Food Program) & Etheric parity is the Building Blocks Utilizing e-vouchers for food purchases, Jordan's transparency in payment execution for Syrian refugee assistance and reduction of transfer fees (90% reduction)(2017.5) ID2020 Alliance, 9

10 Prospected Application Areas for Blockchain by Korean Government Financial Unlisted stock trading Loss insurance Medical Personal medical information management Genome Information Sharing Contents Digital music distribution Photo authorship Government Electronic certificate Online voting Energy Neighboring power trading Electric Vehicle Charging Logistics Personal clearance Diamond distribution 10

11 Korean Government Budget & Investment on R&D R&D 예산 : 157 억 225 억 (2018) 과제수 : (2018) 11

12 Budget & Investment on R&D (Ministry of Science and ICT) Initial Investment on IoT & Security in 2017 Consensus Algorithm, High Transaction Processing, Transaction Monitoring in 2018 Self-Sovereign ID, Smart Contract Oracle & Verification, Application Services in R&D 2.8 (IoT), 1 (Security) non-r&d 6 12 (M USD) 12

13 2018 Korean Government-funded Pilot Projects Electronic Voting Beef history management Real estate registration Embassy Electronic document Container shipment Personal Oversea Shopping 13

14 Brockchain Based Electronic Voting Case Studies Global Case Studies on Electronic Voting The Danish Liberal Party is the first in the world to vote using block-chain technology(2014) France conducts e-voting in 2012 elections for overseas Koreans Hacking risk does not adopt 2017 presidential election Electronic voting system based on block chain of Podemos in Spain Agora Voting Reduce costs by voting with a zero coin paid to a person who has the right to vote after March 2014 US presidential candidate (Democratic Party of Texas, Republican of Utah) election Korean Case Studies on Electronic Voting The residents' suggestion contest for the 'TaBok' community (2017.2) Loop Chain based NowonPay on Nowon-gu in Seoul (2017) Loop chain based proposal evaluation system of Yeongdeungpo-gu, Seoul (2018.7) Electronic voting demonstration project of Election Management Committee (2019) 14