Blockchain Business Innovation

From PC Break/Fix to CloudMASTER®

By G C Network | August 29, 2016

https://www.linkedin.com/in/stevendonovan It was late 2011 and Steven Donovan was comfortable working at SHI International Corporation, a growing information technology firm, as a personal computer break/fix technician. His company had been…

Is Data Classification a Bridge Too Far?

By G C Network | August 17, 2016

Today data has replaced money as the global currency for trade. “McKinsey estimates that about 75 percent of the value added by data flows on the Internet accrues to “traditional”…

Vendor Neutral Training: Proven Protection Against Cloud Horror Stories

By G C Network | August 10, 2016

Cloud computing is now entering adolescence.  With all the early adopters now swimming in the cloud pool with that “I told you so” smug, fast followers are just barely beating…

Cognitive Business: When Cloud and Cognitive Computing Merge

By G C Network | July 21, 2016

Cloud computing has taken over the business world! With almost maniacal focus, single proprietors and Board Directors of the world’s largest conglomerates see this new model as a “must do”.…

Government Cloud Achilles Heel: The Network

By G C Network | July 9, 2016

Cloud computing is rewriting the books on information technology (IT) but inter-cloud networking remains a key operational issue. Layering inherently global cloud services on top of a globally fractured networking…

System Integration Morphs To Cloud Service Integration

By G C Network | June 19, 2016

Cloud Service Brokerage is changing from an industry footnote toward becoming a major system integration play.  This role has now become a crucial component of a cloud computing transition because…

Networking the Cloud for IoT – Pt 3 Cloud Network Systems Engineering

By G C Network | June 17, 2016

Dwight Bues & Kevin Jackson (This is Part 3 of a three part series that addresses the need for a systems engineering approach to IoT and cloud network design.  Networking the Cloud for IoT –…

Networking the Cloud for IoT – Pt. 2 Stressing the Cloud

By G C Network | June 12, 2016

Dwight Bues & Kevin Jackson This is Part 2 of a three part series that addresses the need for a systems engineering approach to IoT and cloud network design. Part…

Networking the Cloud for IoT – Pt. 1: IoT and the Government

By G C Network | June 7, 2016

  Dwight Bues & Kevin Jackson This is Part 1 of a three part series that addresses the need for a systems engineering approach to IoT and cloud network design:…

Parallel Processing and Unstructured Data Transforms Storage

By G C Network | May 31, 2016

(This post originally appeared on Direct2Dell, The Official Dell Corporate Blog) Enterprise storage is trending away from traditional, enterprise managed network-attached storage (NAS) and storage area networks (SAN) towards a…

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.

 

Cloud Musings

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