Blockchain Business Innovation

May 18, 2017 / G C Network / Comments Off

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Great Leaders Are Ambidextrous, Are You?

By G C Network | November 17, 2014

By: Melvin Greer Managing Director, Greer Institute There are many important characteristics of great leaders. Team players, good listeners and visionary are clear hallmarks. But being ambidextrous is required now…

Cloud Computing Advantages and Disadvantages

By G C Network | November 13, 2014

What is Cloud Computing & what are its advantages & disadvantages. Join us for this installment of our Technical Insight series as expert Learning Tree instructor Kevin Jackson examines the…

Ingram Micro Honors Veterans with a $10,000 Gift to Veterans 360

By G C Network | November 13, 2014

On Veteran’s Day, hundreds of military veterans, active-duty service members and retirees were recognized and celebrated along with family members at the third annual Ingram Micro Veterans Day ceremonies held…

What Are You Waiting For? The Cloud Era is HERE!

By G C Network | November 11, 2014

by Kevin L. Jackson (This post first appeared at https://blog.learningtree.com) The revolutionary business aspects of cloud excite me every day, but the business diversity is even more exciting. This fact…

Schizophrenic About Cloud?

By G C Network | November 5, 2014

By Kevin L. Jackson This week Dell released its first Global Technology Adoption Index (GTAI). This survey of more than 2,000 global organizations took a close look at how organizations…

Why You Need to Pay Attention to Cloud Computing

By G C Network | October 23, 2014

(This post was originally published by Learning Tree International https://blog.learningtree.com/why-you-need-to-pay-attention-to-cloud-computing/ ) The adoption of cloud computing is revolutionizing today’s business. This trend has also elevated the importance of IT and…

Thriving in a Cloud, Big Data, Mobility and Security World

By G C Network | October 21, 2014

“The next generation of technology solutions will transform lives, businesses and economies.” This is the theme at this year’s Dell World opening keynote and this view is supported by Gartner’s…

Vets360 Founder Rick Collins Being Honored at the ‘Champions’ Leadership Conference

By G C Network | October 20, 2014

Veteran’s 360 and Rick Collins, Founder & Executive Director of Vets 360, Inc., are being honored at this year’sChampions Leadership, and Research Conference™ . This event, November 6th-7th, 2014 at…

“Cloud Musings” Joins Dell Content Provider Network

By G C Network | October 16, 2014

Cloud Musings, a GovCloud Network Property, is proud and honored to announce that we will now be serving over 3 Million Dell Community online daily viewers. Our content will focus…

Grounding the Cloud: Basics and Brokerage

By G C Network | September 29, 2014

“Picture Ben Franklin attempting to harness energy from a lightning-filled sky. The key tied to his kite was the middleman between electricity and the ground. This book details how using…

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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.