Blockchain Business Innovation

May 18, 2017 / G C Network / Comments Off

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Quantum Computing Delivered From The Cloud

By G C Network | March 6, 2017

Photo credit: Shutterstock IBM Cloud is now providing developers with the infrastructure and portal to a 5 qubit quantum computer. This equips them with the ability to build interfaces between…

Connections Redefining the Enterprise Network

By G C Network | February 23, 2017

Photo credit: Shutterstock The computer and the network that connects them are both inextricably linked to the success of any business. This truth is at the heart of our contemporary…

Business Chatbots Taking Over

By G C Network | February 9, 2017

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By G C Network | January 31, 2017

In 2016, cloud computing started to dominate many IT market segments. As a business, Synergy Research Group reported that industry revenue for the four quarters ended Sept. 30 grew 25%.…

Cybersecurity in the President Trump Administration

By G C Network | January 29, 2017

From the rise of increasingly capable nation-states—like Iran and North Korea—conducting destructive attacks against American private sector companies, to the continuing pace of IP theft by China striking at the…

Creating Your Digital Strategy

By G C Network | January 20, 2017

Photo credit: Shutterstock For many corporations, welcoming the New Year also heralds the season of strategy development and budget distribution. This year, however, companies of all sizes are struggling with…

CloudMASTER® Pays Well In The US Great Northwest

By G C Network | January 17, 2017

The City of Beaverton is located seven miles west of Portland, Oregon, in the Tualatin River Valley, It encompasses 19.6 square miles, and is home to more than 95,000 residents.…

NATO ACT “Art of the Possible” Interoperability Demonstration

By G C Network | January 7, 2017

GovCloud Network is proud to have served as the Program Manager for the NATO Allied Command Transformation, “Art of the Possible” Interoperability Demonstration on December 16, 2016. supporting the The…

Olisipo Can Make You A CloudMASTER®

By G C Network | December 29, 2016

Olisipo Learning in Portugal has a culture that is based on the constant search for new challenges. Recognized by their clients as the “Best HR Supplier”, they have placed more…

What is Your 2017 Business Strategy?

By G C Network | December 26, 2016

Photo credit: Shutterstock End of year predictions in December are as predictable as tomorrow’s sunrise, but a recent video on 2017 Technology Trends helped me really understand how important a…

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Is there more than bitcoin to blockchain?

Absolutely, because today’s blockchain is opening up a pathtowards the delivery of trusted online services.

To understand this statement, you need to see blockchain as more that it’s more famous bitcoin use case. As a fundamental digital tool, blockchain is a shared, immutable ledger for recording the history of transactions. If used in this fashion, it can enable transactional applications that can have embedded trust, accountability and transparency attributes. Instead of having a Bitcoin blockchain that is reliant on the exchange of cryptocurrencies with anonymous users on a public network, a Business blockchain can provide a permissioned network with known and verified identities. With this kind of transactional visibility, all activities within that network are observable and auditable by every network user. This end-to-end visibility, also known as shared ledgering, can also be linked to business rules and business logic that can drive and enforce trust, openness and integrity across that business network. Application built, managed and supported through such an environment can now hold a verifiable pedigree with security built right in that can:

Prevent anyone – even root users and administrators – from taking control of a system;
Deny illicit attempts to change data or applications within the network; and
Block unauthorized data access by ensuring encryption keys can never be misappropriated.

From an industry vertical point of view, this approach can:

Give financial institutions an ability to settle securities in minutes instead of days;
Reduce manufacturer product recalls by sharing production logs with original equipment manufacturers (OEMs) and regulators; and
Help businesses of all types more closely manage the flow of goods and related payments with greater speed and less risk.

Innovators within just about any industry can build, run and manage their own business blockchain network. And even if the organization isn’t quite ready to do the heavy lifting, it can consume a blockchain service from companies like IBM.

Ready-made frameworks as also available from the Hyperledger Project, an open source collaborative effort created to advance cross-industry blockchain technologies. Available hyperledger business frameworks include:

Sawtooth – a modular platform for building, deploying, and running distributed ledgers that includes a consensus algorithm which targets large distributed validator populations with minimal resource consumption.
Iroha – a business blockchain framework designed to be for incorporation into infrastructural projects that require distributed ledger technology.
Fabric – a foundation for developing applications or solutions with a modular architecture that allows components, such as consensus and membership services, to be plug-and-play.
Burrow – a permissionable smart contract machine that provides a modular blockchain client with a permissioned smart contract interpreter built in part to the specification of the Ethereum Virtual Machine (EVM).

If you’re team is looking to innovate and take a leadership position within your industry, business blockchainsmay be the perfect enhancement for your business focused application.