Blockchain Business Innovation

May 18, 2017 / G C Network / Comments Off

Twitter Feed

What has NIST done for me lately?

By G C Network | January 4, 2016

According to a study, 82 percent of federal IT professional respondents reported that they were using the NIST (National Institute of Standards and Technology) cybersecurity framework to improve their security…

Future Ready in the API economy

By G C Network | December 17, 2015

The world of business is software. No matter the industry vertical or business model, effective software is the key to business success. An even more important aspect of this reality…

Teradata: Embrace the Power of PaaS

By G C Network | December 11, 2015

Platform-as-a-Service (PaaS) has always been the unappreciated sibling of the cloud computing service model trio. Existing in the dark shadow of the most widely adopted Software-as-a-Service (SaaS) and foundationally powerful…

Why cloud changes everything

By G C Network | December 6, 2015

How is cloud computing bringing society and its ideas closer together? This got me thinking. Last week the President of the United States started following me on Twitter. Now I…

The future of data security: An interview with Dell Fellow Tim Brown

By G C Network | November 22, 2015

The Dell Fellows program recognizes engineers for their outstanding and sustained technical achievements, engineering contributions and advancement of the industry. They are also seen as top innovators that have distinguished…

Hybrid IT Governance: Automation is Key

By G C Network | November 19, 2015

As cloud computing continues to grow in importance, enterprises are now facing a new realization. In their almost rampant embrace of cost savings associated with public cloud, many are just…

Endpoint device management: Protecting the enterprise front door

By G C Network | October 29, 2015

Mobility and cloud computing have combined to obliterate any so-called network security perimeter. Corporate data has now been let loose to roam in a world of cyber thieves, manipulators and…

20 hybrid cloud insights from top industry experts

By G C Network | October 23, 2015

One cloud does not fit all organizations. That’s true whether it is a public or private cloud. A hybrid cloud option allows your business to create a custom solution that…

Security requires long haul planning

By G C Network | October 13, 2015

On Tuesday, October 6th, the European Court of Justice (ECJ), invalidated the U.S./EU Safe Harbor Framework. This framework, in place since 2000, gave blanket permission to data transfers from the…

Cybersecurity through enterprise risk management

By G C Network | October 6, 2015

Cybersecurity is top of mind for corporations around the world. The quantity of recent data breaches and the dollar loss associated with some of them indicates either an underinvestment in…

« Previous
1
…
13
14
15
16
17
…
73
Next »

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.