Hyperledger Iroha :Working towards standard protocols foridentity and digital asset management
Soramitsu Co., Ltd.

About Soramitsu

2- Founded in February 2016, as a Japanese fintech company- Building blockchain framework and creating service and applications
February

April
NATIONAL BANKOF CAMBODIA

April

February

飛躍dined2016

Joentent

Presem est pm
Sy eloev

DFebruaryCompany FoundedMay

AcceptedPresented2017

sy W
st eaem thdeer dve erlo iv
pm atien vet
September※Logos are the property of their respective owners.

Joinedcharse
resictin om
Jo onec
Joint KYC
systemdevelopment

OctoberpteecAcd togerdeerlHypMay

AugustAugust© 2017 SORAMITSU All Rights Reserved.

These materials are to be used only for discussion purposes. Unauthorized copying or distribution to a third party without the consent of Soramitsu Co., Ltd. is strictly prohibited. Logos and images are property of their respective owners and are included for informational purposes only.

Board member

3Ikkei Matsuda

Makoto Takemiya

Chairman & Founder

Co-CEO & Founder

PhD medicineVenture Capitalist
Japanese Government
advisorIroha chief developer
PhD computer science

Ryu Okada
Co-CEO & Founder

CPA, Former Deloitte
Entrepreneur of many
companies

Kazumasa Miyazawa

Tsukasa Ojima

Chief Operating Officer

Executive Advisor

Former SONY
Creator and founder of Edyelectronic money

Former Lehman Brothers
and Nomura Securities
Executive© 2017 SORAMITSU All Rights Reserved.
These materials are to be used only for discussion purposes. Unauthorized copying or distribution to a third party without the consent of Soramitsu Co., Ltd. is strictly prohibited. Logos and images are property of their respective owners and are included for informational purposes only.

Services Provided

4Provides full stack blockchain service, from the development of frameworkfor distributed ledger to service, mobile and web applications.

Full StackDevelopment
Blockchain Development
Open Source Project

Service Development
・Digital Identity Platform
・Digital Asset Platform© 2017 SORAMITSU All Rights Reserved.
These materials are to be used only for discussion purposes. Unauthorized copying or distribution to a third party without the consent of Soramitsu Co., Ltd. is strictly prohibited. Logos and images are property of their respective owners and are included for informational purposes only.

Hyperledger project5- Linux Foundation initiated with over 120 companies from the world- Working towards creating standards for distributed ledger technology
http://www.hyperledger.org© 2017 SORAMITSU All Rights Reserved.

※Logos are theproperty of theirrespective owners.

These materials are to be used only for discussion purposes. Unauthorized copying or distribution to a third party without the consent of Soramitsu Co., Ltd. is strictly prohibited. Logos and images are property of their respective owners and are included for informational purposes only.

Hyperledger project

6The Hyperledger Project currently has 4 distributed ledger frameworks,originally proposed by IBM, Intel, and Soramitsu.
Framework
nameOriginal
developer

Main
programming
language

StatusFabricIBM

Go

ActiveSawtooth LakeIntel

PythonActiveIroha

Soramitsu

C++

ActiveBurrow

Monax

Go

Incuvation© 2017 SORAMITSU All Rights Reserved.
These materials are to be used only for discussion purposes. Unauthorized copying or distribution to a third party without the consent of Soramitsu Co., Ltd. is strictly prohibited. Logos and images are property of their respective owners and are included for informational purposes only.

Hyperledger Iroha

7- Originally developed by Soramitsu and open sourced in September 2016
- Accepted into the Hyperledger Project as a framework in October 2016

Simple & Fast
Transaction finality within 3 seconds
Several thousand of transactions per second

Mobile First
iOS, Android, and JavaScript SDKs are provided
to ease development of end-user applications.

http://iroha.tech

Asset Management
Assets such as currencies, points, tickets,securities, registry, identity, SCM can be
managed using prepared commands in Iroha.
© 2017 SORAMITSU All Rights Reserved.

These materials are to be used only for discussion purposes. Unauthorized copying or distribution to a third party without the consent of Soramitsu Co., Ltd. is strictly prohibited. Logos and images are property of their respective owners and are included for informational purposes only.

Hyperledger Iroha: Mobile first

8- As a part of ecosystem, SDK for mobile and web applications are provided- Easily create safe applications that interface with Iroha© 2017 SORAMITSU All Rights Reserved.
These materials are to be used only for discussion purposes. Unauthorized copying or distribution to a third party without the consent of Soramitsu Co., Ltd. is strictly prohibited. Logos and images are property of their respective owners and are included for informational purposes only.

Hyperledger Iroha: Advantage and uniqueness9Low latency
Transaction finality within 3 seconds

High throughput
Several thousand transactions per second

Permission model
Unique features of decentralized permission

Asset management
Data model & prepared commands to manage asset easily

Smart contract
Business automation and programable features© 2017 SORAMITSU All Rights Reserved.
These materials are to be used only for discussion purposes. Unauthorized copying or distribution to a third party without the consent of Soramitsu Co., Ltd. is strictly prohibited. Logos and images are property of their respective owners and are included for informational purposes only.

Hyperledger Iroha: Consensus algorithm

10Consensus algorithm affect Latency and throughput

Platform

Type ofconsensus
algorithm

Bitcoin

Stochastic
BFT

Iroha

Hash graph
BFT

Name ofconsensus
algorithm

Proof of WorkYAC

Transaction
FinalityNoYes

LatencyThroughput

10 min.

about 7transactions
per sec.

within 3 sec.

severalthousandtransactions
per sec.

© 2017 SORAMITSU All Rights Reserved.
These materials are to be used only for discussion purposes. Unauthorized copying or distribution to a third party without the consent of Soramitsu Co., Ltd. is strictly prohibited. Logos and images are property of their respective owners and are included for informational purposes only.

Hyperledger Iroha: Data model

11- Support multi domain and multi sub domain- Domain have multi asset, Account handle multi asset- Account have multi signature and role, Role have permissions
Domain 1PeerAccount

Sub Domain 1

Sub Domain 2

Asset 1

Asset 3Signature1

Signature2

Asset 2

Asset 4
RolePermissions© 2017 SORAMITSU All Rights Reserved.
These materials are to be used only for discussion purposes. Unauthorized copying or distribution to a third party without the consent of Soramitsu Co., Ltd. is strictly prohibited. Logos and images are property of their respective owners and are included for informational purposes only.

Hyperledger Iroha: Command driven architecture

12- Without writing code, Asset, Identity & SCM management can be doneby prepared commands for data model- Benefit of prepared commands is fast development and assured quality- Use smart contract, if prepared commands doesn’t cover the requirement

Peer

Domains

Account

Sub Domains

Signatures

AssetsRole

Permissions

Prepared commands
Peer

Domains

Assets

Account

Permissions

AddPeer

CreateDomain

CreateAsset
AddAssetQuantity
TransferAsset

CreateAccount
AddSignatory
RemoveSignatory
SetQuorum

CreateRole
AppendRole
GrantPermission
RevokePermission© 2017 SORAMITSU All Rights Reserved.
These materials are to be used only for discussion purposes. Unauthorized copying or distribution to a third party without the consent of Soramitsu Co., Ltd. is strictly prohibited. Logos and images are property of their respective owners and are included for informational purposes only.

Hyperledger Iroha: Decentralized permission model13- Separation of three powers, but each node have same functions- Legislative handle domain, assign permissions to each role
- Judicial handle account and signatory- Executive handle asset
Legislative

Account
Signatory
QuorumJudicialDomain
PermissionRole

Executive

Create Asset
Add Asset Qty
Transfer Asset© 2017 SORAMITSU All Rights Reserved.
These materials are to be used only for discussion purposes. Unauthorized copying or distribution to a third party without the consent of Soramitsu Co., Ltd. is strictly prohibited. Logos and images are property of their respective owners and are included for informational purposes only.

Case study: digital identity

14- Using blockchain technology and cryptographic signatures- Created decentralized identity that can be used programmatically- This can empower a digital economy
Identity sharing
platform

No sharing

Blockchain KYC platform

ACBADCBD© 2017 SORAMITSU All Rights Reserved.
These materials are to be used only for discussion purposes. Unauthorized copying or distribution to a third party without the consent of Soramitsu Co., Ltd. is strictly prohibited. Logos and images are property of their respective owners and are included for informational purposes only.

Case study: digital currency（event currency, Moeka）

15- With University of Tokyo, University of Aizu, International University GLOCOM- Research for creation of local ecosystem using Hyperledger Iroha- A prototype for event currency was created in November in Fukushima

http://www3.nhk.or.jp/news/© 2017 SORAMITSU All Rights Reserved.
These materials are to be used only for discussion purposes. Unauthorized copying or distribution to a third party without the consent of Soramitsu Co., Ltd. is strictly prohibited. Logos and images are property of their respective owners and are included for informational purposes only.

Case study: digital currency（regional currency, Byacco）

16- With the University of Aizu, created campus currency, Byacco- Used by students in the on-campus store and cafeteria.

http://www.tv-tokyo.co.jp/mv/wbs/market/post_129389© 2017 SORAMITSU All Rights Reserved.
These materials are to be used only for discussion purposes. Unauthorized copying or distribution to a third party without the consent of Soramitsu Co., Ltd. is strictly prohibited. Logos and images are property of their respective owners and are included for informational purposes only.

Case study: new payment infrastructure (Nation wide)

17

From April 2017, Soramitsu and the National Bank of Cambodia started to create
a new payment infrastructure for the Kingdom of Cambodia.
Framework of Co-development agreement

New PaymentInfrastructure
in Cambodia

NATIONAL BANKOF CAMBODIA

Co-development- First case where overseas central banks
adopt Japanese blockchain technology- Evaluated speed of finality and throughput
more than 300 times compared with Bitcoin© 2017 SORAMITSU All Rights Reserved.
These materials are to be used only for discussion purposes. Unauthorized copying or distribution to a third party without the consent of Soramitsu Co., Ltd. is strictly prohibited. Logos and images are property of their respective owners and are included for informational purposes only.

Case study: contract management（weather derivative）

18- Contracts can be managed and payment automated using smart contract- With Sompo Holdings, weather derivative contracts is the first step towards
optimizing the workflow for insurance companies

http://www.coindesk.com/pc-insurer-trials-blockchain-catastrophe-coverage/© 2017 SORAMITSU All Rights Reserved.
These materials are to be used only for discussion purposes. Unauthorized copying or distribution to a third party without the consent of Soramitsu Co., Ltd. is strictly prohibited. Logos and images are property of their respective owners and are included for informational purposes only.

Case study: supply chain management（Logistics）

19Solomitsu and PAL utilize block chain technology to record realtime inventory information by RFID and AGV, Drone.
Benefit :- Saving manpower and time
- Accurate inventory information on daily,
prevent human errors- Secure, reliable, less risk of tampering- Inventory movements and transfer ofownership immediately shared
AGV

Drone

- Settlement can be simplified withdigital currency© 2017 SORAMITSU All Rights Reserved.

These materials are to be used only for discussion purposes. Unauthorized copying or distribution to a third party without the consent of Soramitsu Co., Ltd. is strictly prohibited. Logos and images are property of their respective owners and are included for informational purposes only.

Other potential use cases

Digital asset

20

Digital identity

Supply chain

・Payments and settlement

・Trade finance・Contract management

・Know Your Customer(KYC)

・Securities transactions

・Notarization and time stamping

・Financial securities management

・Sharing economy services

・Supply chain management

・Medical・Smart grid・IoT, etc.
© 2017 SORAMITSU All Rights Reserved.

These materials are to be used only for discussion purposes. Unauthorized copying or distribution to a third party without the consent of Soramitsu Co., Ltd. is strictly prohibited. Logos and images are property of their respective owners and are included for informational purposes only.

Hyperledger Iroha: use case and development partners

21- Partnered with a number of institutions to work as use case partners- Provides free study sessions, technical and use-case consultation

Use case partners:

Development partners:

http://iroha.tech/en/partner.html© 2017 SORAMITSU All Rights Reserved.
These materials are to be used only for discussion purposes. Unauthorized copying or distribution to a third party without the consent of Soramitsu Co., Ltd. is strictly prohibited. Logos and images are property of their respective owners and are included for informational purposes only.

Proposal of standard QR code and Exchange platform

22- Standard QR code format and Exchange platform forstandardizing the exchange of assets among various platform- Standard QR code format consist from asset location,account address, embedding commands etc.
Proposal of Standard QR code format

Exchange platform© 2017 SORAMITSU All Rights Reserved.
These materials are to be used only for discussion purposes. Unauthorized copying or distribution to a third party without the consent of Soramitsu Co., Ltd. is strictly prohibited. Logos and images are property of their respective owners and are included for informational purposes only.

Future vision of Blockchain - “Trusted Internet”

23

Internet :- Can sent “Information” all over the world- but can not send “value that can not be tampered with”

Our vision :- Interconnect various blockchains
like the Internet (InterLedger)- Aim to realize block chains networks
that cover the world- The blockchain becomes "Trusted Internet”
which can send "value that can not be tampered with"© 2017 SORAMITSU All Rights Reserved.
These materials are to be used only for discussion purposes. Unauthorized copying or distribution to a third party without the consent of Soramitsu Co., Ltd. is strictly prohibited. Logos and images are property of their respective owners and are included for informational purposes only.

Contact Us
Phone: 03-5843-8914
info@soramitsu.co.jp
Makoto Takemiya / Ryu Okada

Soramitsu Co., Ltd.
Executive Chairman: Ikkei Matsuda
Co-CEOs: Makoto Takemiya, Ryu Okada
COO: Kazumasa Miyazawa〒102-0084 NihonTV Koujimachi Blg. Nishikan, 4F, 2-14 Chiyoda-ku, Tokyo, JAPAN© 2017 SORAMITSU All Rights Reserved.
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