Blockchain Business Innovation

May 18, 2017 / G C Network / Comments Off

Twitter Feed

Convergence: The Catalyst to Transform Scientific Research

By G C Network | January 7, 2015

by Melvin Greer Greer Institute for Leadership and Innovation A new transformative research approach is gaining global attention and adoption. The scientific opportunities enabled by convergence—the coming together of insights…

Cloud Computing Promises: Fact or Fiction

By G C Network | December 29, 2014

Cloud computing is currently making information technology headlines, and vendors are aggressively promoting the many benefits it can provide organizations. This White Paper addresses the claims and questions that are…

Super Smart Person’s Guide to Cloud Computing – San Diego

By G C Network | December 24, 2014

We are offering a fun and educational event just about the cloud. This session will help CEOs, Directors, Managers, and Dilberts learn what the heck the cloud is all about.…

A Managed Services Business Owners Lament: A talk with Joe D.

By G C Network | December 22, 2014

by Kevin L. Jackson A few days ago I received a call from a small business owner asking if I would meet him for coffee. He wanted to run some…

Technology and the Evolving Workforce

By G C Network | December 17, 2014

by Melvin Greer Managing Director Greer Institute for Leadership and Innovation According to a Greer Institute Workforce and Talent study, the 2020 workforce is both “the most educated and culturally…

Security attacks and countermeasures

By G C Network | December 14, 2014

by Sandra K. Johnson Cyber security is rapidly becoming a significant issue in the C-suite as well as the population at large. The results of Dell’s Global Technology Adoption…

ITIL in 7 Minutes!

By G C Network | December 9, 2014

What is ITIL & how can it benefit your organization? Learn the answers to these questions plus gain an understanding of the ITIL Service Lifecycle in this video. Download a…

How Resilient are FedRAMP Clouds Anyway?

By G C Network | December 8, 2014

By Jodi Kohut For the uninitiated, FedRAMP is the Federal Risk Authorizationand Management Program, a government-wide program that provides a standardized approach to security assessment, authorization, and continuous monitoring for…

Federal Tech Talk: Cloud Transition Challenges in Government and Industry

By G C Network | December 2, 2014

Cloud Computing is revolutionizing today’s business marketplace. While “learning the art of the possible”, corporate executives today are struggling with the business and security challenges associate with this important transition. Just…

Cloud, Mobile, Social and Cyber: 2015 Predictions That Will Rock The World (AGAIN!)

By G C Network | December 1, 2014

2015 PREDICTION TIME!! The worlds of cloud, mobile, social and cyber will continue expanding, permuting and recombining. Their individual effect on society and commerce will become moot as these technological…

« Previous
1
…
19
20
21
22
23
…
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.