Blockchain Business Innovation

May 18, 2017 / G C Network / Comments Off

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Mobile device security: A new frontier for hackers

By G C Network | February 1, 2015

Recent security breaches have heightened our awareness of cybersecurity issues. The hack and other security breaches have resulted in unprecedented damages. However, the majority of mobile device users have yet to be sensitized…

Learn How To Buy Cloud From GovLoop & ViON

By G C Network | January 28, 2015

“Government IT managers must accept that cloud computing services are services, not the purchases of technology. This usually represents a fundamental change in how technology is acquired and managed. Since…

A VETS 360 BENEFIT – LATINO FILM INDUSTRY POST OSCAR PARTY

By G C Network | January 21, 2015

GUESS WHO SUPPORTS VETS 360? You can support them too at the: THE OFFICIAL LATINO FILM INDUSTRY POST OSCAR PARTY The Veterans 360 mission is to support our young combat…

South Asia’s Biggest Tech Event – “Digital World 2015”

By G C Network | January 19, 2015

I am proud and honored to announce that I have been added as a speaker at SouthAsia’s biggest tech event “Digital World 2015” , 9th – 12th February, 2015 at…

Fear Hackers? First invest in an IT security culture change

By G C Network | January 14, 2015

by Kevin L.Jackson With all the news these days about cyberterrorism and hacking the cloud may seem like the last place you would want to put your precious information. Pew…

CloudCamp Bangladesh In Dhaka! – February 11, 2015

By G C Network | January 13, 2015

Did you know that….. Goldman Sachs recognized Bangladesh as one of the Next Eleven (N-11) – a list of eleven countries having strong potential for becoming the world’s largest economies…

Agile is not the absence of ITIL!

By G C Network | January 12, 2015

by Jodi Kohut ITIL (formerlyknown as the Information Technology Infrastructure Library) has been the best management practices framework of choice for world class IT Operations organizations. The 5 stage framework:…

Cloud Security: Understanding the Cloud Computing Threat Landscape

By G C Network | January 10, 2015

In the last two years, IT security breaches have hit the White House, the State Department, the top federal intelligence agency, the largest American bank, the top hospital operator, energy…

Federal Cloud Computing Summit on January 14-15, Washington, DC

By G C Network | January 9, 2015

The Federal Cloud Computing Summit will be held on January 14-15, 2015 at the Marriott Metro Center in Washington, D.C. (Complimentary government and academic registration) This educational symposium will feature cloud computing…

CONGRATULATIONS! Inaugural Cloud Computing Class at Mira Costa College Graduates!!

By G C Network | January 8, 2015

Anthony Dorrah, Jose Chapman, Mike Chatelain, Lisa Heiden, Ginelle Johnson, Robert Minson, Alfredo Morales We are so proud of the success of out first cloud computing training class. This group…

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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.