Blockchain Business Innovation

Firebrand Announces 2017 Accelerated CloudMASTER® Dates

By G C Network | December 23, 2016

Firebrand, the leader in Accelerated Learning, has recently announced it’s 2017 delivery schedule for their accelerated CloudMASTER® training course. Delivered in partnership with Logical Operations and the NCTA, this unique…

TAP Accelerates Artificial Intelligence

By G C Network | December 21, 2016

Photo credit: Shutterstock Over the past few years, the use of artificial intelligence has expanded more rapidly than many of us could have imagined. While this may invoke fear and…

Cognitive on Cloud

By G C Network | December 20, 2016

Photo credit: Shutterstock According to the IBM Institute for Business Value the market will see a rapid adoption of initial cognitive systems. The most likely candidates have moved beyond descriptive…

Europe: NCTA CloudMASTER® Hotspot

By G C Network | November 29, 2016

The ongoing digital transformation continues to generate a steady demand for workers with increasingly sophisticated digital skills. This process is multi-dimensional and workers with these highly specialized skills are very…

Smart Manufacturing Is Cloud Computing

By G C Network | November 27, 2016

As cloud computing simultaneously transforms multiple industries many have wondered about how this trend will affect manufacturing. Often characterized as “staid”, this vertical is not often cited when leading edge…

George Youmans, Jr.: The CloudMASTER Fashionista!

By G C Network | November 23, 2016

So how could a NCTA Certified CloudMASTER accelerate his career in the fashion industry? To answer that question, you would need to catch up with George Youmans, Jr. He has…

Is Cloud Interoperability a Myth?

By G C Network | November 20, 2016

Photo credit: Shutterstock As the industry matures, cloud computing will increasingly rely on interoperability in order to grow and deliver more value to industry. Assuming this is a fact, what…

Should Data Centers Think?

By G C Network | November 10, 2016

As cloud computing becomes the information technology mainstream, data center technology is accelerating at a breakneck speed. Concepts like software define infrastructure, data center analytics and Nonvolatile Memory Express (NVMe)…

For Top Cyber Threats, Look in the Mirror

By G C Network | October 31, 2016

A recent report by Praetorian, a cybersecurity company headquartered in Austin, TX, focused on threats that resulted in data compromise or access to sensitive information. Based on a review of…

Your Choice: Cloud Technician or Digital Transformer

By G C Network | October 28, 2016

The CompTIA Cloud+certification validates the skills and expertise of IT practitioners in implementing and maintaining cloud technologies.  This is exactly what it takes to become a good cloud technician.  In…

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.
 
 

This post was brought to you by IBM Global Technology Services. For more content like this, visit ITBizAdvisor.

 

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