Blockchain Business Innovation

May 18, 2017 / G C Network / Comments Off

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Watson Crowdsources Cloud Computing

By G C Network | October 20, 2016

Recently I’ve been doing quite a bit of analysis work using the IBM Watson cognitive business platform. The really exciting thing about this opportunity is the way data can seem…

New Horizons® Delivers CloudMASTER®

By G C Network | October 17, 2016

For over 30 years, New Horizons has provided more than 30 million students with industry-leading technical training that delivers the most relevant and intuitive computer courses and certifications. They are…

See You At RSA Conference 2017!

By G C Network | October 11, 2016

JUST ANNOUNCED!! I am personally excited to be delivering the (ISC)² CCSP Two-Day Crash Course at RSA Conference 2017! “The current state of cybersecurity means there are many opportunities for the…

#KnowYourData: The Key to Business

By G C Network | October 7, 2016

Last week’s Strata-Hadoop conference in New York, NY was showcase of how big data is redefining business. Every company, every demonstration and every conversation highlighted how data is driving the…

A New Chapter: “Cloud Musings en español”

By G C Network | October 5, 2016

Since May 2010, “Cloud Musings” has demonstrated, educated and celebrated the use of advanced technology in business. Specific subjects are sometimes varied, but cloud computing and cybersecurity seem to have…

Military Tips On Business Resiliency

By G C Network | September 28, 2016

Photo credit: Shutterstock A steel bar is resistant to stress and is capable of maintaining its form while bearing large loads. While steel is also known as one of the…

Meet Ameet Bakshi: The Insurance CloudMASTER®

By G C Network | September 25, 2016

Powered by Singapore-based Big Data start-up Crayon Data, BigData-MadeSimple.com tapped the insurance industry as being at the forefront of integrating cloud technology into their digital eco system. As stated in…

Understand The Language Of Data: Strata+Hadoop World and TAP

By G C Network | September 19, 2016

Our world is driven by data. It may speak in whispers, but it can also scream insight and information to those that understand it’s language. This is why I’ll be…

Transformative Training for Hybrid Cloud

By G C Network | September 13, 2016

Figure 1- Shawn Bolan, Technical Training Manager, New Horizons of Nebraska, https://www.linkedin.com/in/shawn-bolan-96b8a9103 In a recent CloudTech article multi-cloud, or hybrid cloud, strategy was heralded as “…transformative for businesses, allowing them…

Surviving the coming “Hackerpocalypse”

By G C Network | September 6, 2016

Photo credit: Shutterstock With all the excellent training available on television today, we are all now well prepared to deal with the coming Zombie Apocalypse. Our failure as a society…

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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.