BUSINESS SCOPE

of
BLOCKCHAIN & IT SECURITY
ATUL KUMTHEKAR, IIT BOMBAY
VIVEK GUJAR, PHD
ASHUTOSH NAMDAS, CISO,
CISA CEH
VERTICALS
…….but not limited to

1. IT Security Consulting
2. Genetics
3. Blockchain services or Products in:
a.Healthcare
b.Oil & Gas
c.Others ( Government, Defence, etc)
d.Financial Domain
4. CRM tool named SalesForce Cloud
5. Artificial Intelligence
IT SECURITY CONSULTANCY
SERVICES
SECURITY ASSESSMENT GOVERNANCE, RISK &
1. Application Security Testing COMPLIANCE
1. Enterprise Risk Assessment
2. Mobile App Security Testing (IOS & Android)
 ISF Methodology
3. Application Source Code Review
 ISO 31000
4. IOT Devices
2. Implementation of ISO 27001:2013
5. IT/OT Devices
6. Infrastructure Security Assessment 3. Implementation & Assessment of GDPR

 Vulnerability Assessment 4. Implementation & Assessment of PCI DSS

 Penetration Testing 5. PCI DSS QSA Service
7. Incident Management 6. Virtual CISO Service
8. Security Operation Center (SOC)
AI IN CYBER SECURITY
CYBER FORENSIC 1. Security Intelligence
1. Cyber Crime Investigations
2. Automation RPA – Uipath
2. Mobile Forensic
3. Dark Web Monitoring
3. Email Forensic
CYBER SECURITY
Mass scale Digitalization & sharing of a vast amount of data in an external and
internal environment as well as across the globe has made organizations to fall prey
to cybercrime through different forms of attacks.

Cyber security also referred to as Information Technology (IT) security,

emphasize on
 safeguarding computers,
 programs, networks, and
 data from unlicensed or spontaneous access.

As cyber threats have gained importance, security solutions have progressed as well.
Factors such as rise in malware and phishing threats, and growth in adoption of IoT
and BYOD trend among organizations, are driving the cyber security industry
growth.
Implementation of the EU General Data Protection Regulation (GDPR) policy,
failure of protecting consumer information can lead to a fine of up to 4% of
company revenue is another growth factor in EU

Fraud Detection, Malware Detection, Intrusion Detection, Scoring Risk In A Network and User/Machine Behavioral Analysis Are
The Five Highest A.I. Use Cases For Improving Cybersecurity.-Capgeminiq
 FORENSIC LAB
Prospective Clients:
 Organizations having IT infrastructure – Incident Response Team
 Forensics cases from Law enforcement departments such Income Tax
Dept, Enforcement Directorate, armed forces and Cybercrime Cells.
 Currently there are around 18000 to 20000 cases pending with
Maharashtra Cyber Crime which normally outsourced to private firms
with an hourly rate of INR 1200 to 1500
 Data recovery
 Mobile Forensics

As per Global Digital Market report Forensics Market is expected to reach US$ 7.50 Billion
by 2026 from US$ 5.80 Billion in 2019.
CYBERSECURITY MARKET

MarketsandMarkets forecasts the Cybersecurity Market to

grow from USD 152.71 billion in 2018 to USD 248.6
billion by 2023 at a CAGR of 10.2% from 2018 to 2023
Enterprise spending on cloud security solutions is predicted
to increase from $636M in 2020 to $1.63B in 2023,
attaining a 26.5% CAGR.
Spending on Infrastructure Protection is predicted to
increase from $18.3B in 2020 to $24.6B in 2023, attaining
a 7.68% CAGR.
Endpoint security tools are 24% of all I.T. security
spending, and by 2020 global I.T. security spending will
reach $128B according to Morgan Stanley Research.
71% of UK-based business decision makers believe the
shift to 100% remote working during the COVID-19 crisis
has increased the likelihood of a cyber-breach according to
research by Centrify.
70% of all breaches still originate at endpoints, despite the
GLOBAL MARKET – ENDPOINT, VULNERABILITY, PENETRATION,
SIEM
CYBER SECURITY OPPORTUNITY
Prospective Clients:
1. Implementation of Payment Gateway
 Consulting for the Implementation of Payment Gateway at Eswatini
(Swaziland) country in Southern Africa. The project cost might go
from 250 Cr INR to 350 CR INR. The profit margin approximately
will around 50 to 70 CR INR
 Will have to open the office at Eswatini.
 Possibility of getting even managing the SOC, VAPT from remote or
onsite. Business can be around 25 to 40 CR INR annually.
2. Cyber Forensic cases
 In India itself there around Four to Five Major Cyber Labs.
 But due to shortage of Skills and labor many cyber labs are
outsourcing Cyber cases to Private Firms at a Rate of INR 1200 to
1500 at an hourly rate.
 In Maharashtra State cyber lab there are around 18000 to 20000 cases
pending.
 So this is one of the big opportunity if we setup an Cyber Forensic
Lab.
 Also we can offer the same service other law enforcement agencies
BLOCKCHAIN & ITS USES
It’s a time-stamped series of immutable record
of data that is managed by a cluster of
computers not owned by any single entity.
Each of these blocks of data (i.e. block) are
secured and bound to each other using
cryptographic principles (i.e. chain).
BLOCKCHAIN CHARACTERISTICS &
PROPERTIES
 Immutability: Data stored in blockchain cannot be modified, appended or erased
 Security & Reliability: blockchain network goes offline or becomes unstable, it
continue working to make the network available, and no data is lost or compromised.
 Privacy: Personal information would give users granular control over what
information is viewable to outside parties, how long it is available for, and who it can
access their information.
 Transparency — Open and Private Ledgers: Open ledgers - every single historical
transaction is recorded and can be viewed by anyone without special permission.
Private ledgers, where data can only be read and manipulated by users with the
required access control.
 Data provenance is a historical record for any piece of data. This historical record of
information can then be trusted for data validation and audit purposes.
 Cryptographic hash is concept of unique data where hashing is a popular method of
cryptography that converts any input data into an unmatched string of text.
 Smart Contracts’ is computer protocol or code that runs in the
Blockchain. It contains the rules and based on the same two anonymous
 . parties agree to communicate with each other.
PRESENT BLOCKCHAIN PORTFOLIO & POC
DISCUSSION
Healthcare Blockchain Blockchain based Document –
It enables secure generation, authentication, sharing and verification of all kind of health EDocuSign Blockchain/
records including prescriptions, vaccinations, lab reports, medical images, transcripts and Crucial Vendor Management Smart Contracts in Supp
clinical trials to create a trusted ecosystem with patients, doctors, nurses, hospitals, insurers Process Chain
and regulators.

E Degree Certificate Smart Contracts IOT –

blockchain for Sports Ministry + Anti
Universities Doping POC
We are always
looking for new
markets in the
DNA/Exome
world Healthcare
HR & Verification
Blockchain
blockchain
BLOCKCHAIN MARKET Blockchain Business,$Bn
42.5
32.5 40

22.5
12.5
2.5 4.35 4.18
0.1550.29 0.17
0.08MEA 0.280.522 3 1.6 2.9
INDIA APeJ GLOBAL
2018 0.155 0.08 0.28 1.6
2019 0.29 0.17 0.522 2.9
2020-2025 4.35 4.18 3 40

2018 2019 2020-2025

Our Target, Rs Cr
Total, 2021,Expect
Expected ed Y Y
Market
2020 – 2025 $Bn 2021 2022 REMARK
$ Bn ( Rs Crore) (30% Inc) S

India 4.35 1.4 ( Rs 0.5 0.65

9800 Cr)

MEA 4.18 1.35 ( Rs 1.5 2.0 Addition

9450 Cr) al
Business
APAC 3 0.9 ( Rs 1.0 1.3 from US,
6300 Cr)
Europe
OUR 3.0 3.95 Markets
TOTAL
BUSINESS
GRAND TOTAL COST TO THE CO ( MGMT TEAM + INFRA COST + DEV TEAM
COST)
COST Q1 Q2 Q3 Q4 Q5 Q6 Grand Total (pa in INR)

HEAD Dev (Atul K) 1 @ INR 3,00,000 / 1 1 1 1 1 36,00,000

month
Head IT Security 1 @ INR 2,00,000 / 1 1 1 1 1 24,00,000
(Ashutosh N) month
HEAD Business Dev (Vivek 1 @ INR 2,00,000 / 1 1 1 1 1 24,00,000
G) month
Prod Lead 1 (calculated in dev 1 1 1 1 1 15,00,000
ramp slide)
Forensic Lab+4 Resources 2 1 1 88,38,000
SOC + 5 Resources 2 1 1 1 2 2 1,00,00,000
Marketing 0 @ INR 60,000 / 1 2 2 2 2 9,00,000
month

Infra Cost* 23,87,000

Ready Blockchain product 1,68,00,000
team #
GRAND TOTAL 6,41,25,000

* Infrastructure Cost – slide no 14

# Ready team Cost – slide no 15
INFRASTRUCTURE & OTHER, COST, Rs
SR. No. FIXED COST Amt. INR MONTHLY COST Amount INR
1. Computer HW/SW 500,000 Advertising (print, broadcast and Internet) 5,000

2. Internet Setup Deposit 20,000 Internet Connection 5,000

3. Lease Security Deposit 50,000 Business Development 75,000

4. Legal/Pro Fees 15,000 Miscellaneous Expenses 5,000

5. Office Furniture/Fixtures 100,000 Lease Payment/Rent 20,000

6. Public Utilities Deposits 50,000 Postage/Shipping Costs 1,000

7. Security System Installation 30,000 Telephone 5,000

8. Signage 5,000 Travel 5,000

9. Website Design 60,000 Public Utilities 5,000

Total Fixed Costs 8,30,000 Website Hosting/Maintenance 5000

Total Average Monthly Costs 131000
x Number of Months 12
Total Monthly Costs 15,72,000

INFRASTRUCTURE & OTHER COST [TOTAL COST(FC + MC) per annum] 23,87,000
DEVELOPMENT TEAM COST
Description Q1 Q2 Q3 Q4 - Pilot Total
6 engineers, 50/50
SW Eng Exp/Avg or below 3 6 engineers, 8 engineers 8 engineers
Yrs
2 (Existing Team 2 (Existing Team 2 (Existing Team 2 (Existing Team
Engineering Mgmt
Members) Members) Members) Members)

QA Existing members Existing members 1 part time 1 part time

Support 0 0 0 0

DevOps Existing team members Existing team members Existing team members 1 part time

Existing team members Existing team members Existing team members Existing team members
PM (support)
can handle can handle can handle can handle

Cumulative Spend (@
2 lakh Cost to
Company person
36 Lakhs INR 36 Lakhs INR 48 Lakhs INR 48 Lakhs INR 168,00,000 INR
month)
DEVELOPMENT – FUTURE (PROJECTS AND SUPPORT
ENHANCEMENTS OF EXISTING PRODUCTS)
Description Q1 Q2 Q3 Q4 - Pilot Total Q5 – MVP GA and later (projected)
SW Eng 6 engineers, 50/50 6 engineers, 8 engineers 8 engineers 14 engineers,
Exp/Avg or below 3
Yrs
Engineering Mgmt 2 (Existing Team 2 (Existing Team 2 (Existing Team 2 (Existing Team 3 (Existing Team Members)
Members) Members) Members) Members)
QA Existing members Existing members 1 part time 1 part time 6 engineers
Low

Support 0 0 0 0 0

DevOps Existing team Existing team Existing team 1 part time Existing team members can handle
members members members

PM (support) Existing team Existing team Existing team Existing team Existing team members can handle
members can handle members can handle members can members can
handle handle
Cumulative Spend (@ 36 Lakhs INR 36 Lakhs INR 48 Lakhs INR 48 Lakhs INR 168,00,000
2 lakh Cost to INR
Compant
personmonth)
Why Us?
PhDs, patents, 50+papers/book chapters, IITs, 100+ years of experience, including startups
Expertise in SW, HW accelerators, Blockchain, Encryption, AI/ML, DRM, Financial Analysis , Process &
Systems Understanding, IT Security

Atul Kumthekar – IIT Bombay Hemanth Bilihalli, IIT, Madras

Consultant to Govt initiatives on Blockchain technology Principal Architect AI/ML Tamil Nadu e-Governance
Developed products on Hyperledger, Ethereum Agency Department of Information Technology
One solution shortlisted for next round of INTEL finance (finalist Government of Tamil Nadu
amongst 20 out of 600 applicants). Selected for next round of Intel

Vivek Gujar, PhD (SeaPort Security), MBA, BTech, DEM, ISO 9001, ISO
27001 LA, SAP, cVa, CITRA, BS25999
23+ years of experience in business development in IT Security & non IT
sector.
Resource Person (COE)on 2 domains to Indian Port Association- Ministry
of Road Transport(MORTH) Govt of India
Information security Management, Risk Management, Policies, Procedures,
QMS, ISMS Implementation, Systems study,Blockchain Evangelist -
Published several Research Paper/Article on Blockchain & Security,POC
paper presented to GOI on Blockchain Technology
Srinivasan Sundararajan, Post Doc(University of
California, Berkeley), PhD(University of New Mexico),
BTech & MTech (IIT Bombay)
Rich, varied experience in Technology General Management
(Marketing, Operations, HR, Quality, FP&A, Sales.... with a
focus on operations, supply chain management, marketing,
new product development and quality) AND finance (Wall
Street Analyst: Equity Research, Investment Banking)

Ashutosh Namdas - Security expert

MBA, CISA, CDPP, CCISO, CEH, CHFI, LA27K,PCIDSS, Certified Independent Director, Pune, an Information
Security Leader with 23 years in IT industry and 19 years of rich experience in
Information Security Management, Third Party Security Assessment, Security Architecture Review, Global Cyber
Security Operations, Cloud Security, Cyber Forensics, Compliance, Data Protection and Data Privacy in a global scale
such USA, UK, Austria, Germany, China, Dubai Govt and Oman.
 GENETICS
PROVENANCE
THRU’
& LINEAGE
HEALTHCAR
E
MY IDENTITY MY
HEALTH
BLOCKCHAI
ON BLOCKCHAIN N
 Privacy and Security Expenses ($124B) 2019 2018 2017

Market Analysis Consumer Security Software

Security Services
Other Information Security Software
Network Security Equipment
Integrated Risk Management
Infrastructure Protection
Identity Access Management
Data Security
Cloud Security
Application Security
0 20 40 60
TAM
$131B
Global Privacy and Security
Expenditure + Compliance SAM SOM US Regulation Compliance Cost = $7.1B
$16B $1.3B
Cost (US)*
SOM of 8% SAM

LAM (Launch Addressable Market)

– Incubation Activity
– MVP Consideration