Blockchain Business Innovation

Cloud Services Brokerage: Adding Trust and Oversight to Complex Cloud Deals

By G C Network | September 15, 2014

According to the Gartner IT Glossary, “Cloud services brokerage (CSB) is an IT role and business model in which a company or other entity adds value to one or more…

Learn Hadoop and Big Data in 7 Minute Flat!

By G C Network | September 13, 2014

How do I install Hadoop, and on what platforms? What are the differences between versions of Hadoop? How do I Extract, Transform and Load in Hadoop? The answers to these…

Tech Equity & GovCloud Network Team For Cloud Education

By G C Network | August 25, 2014

GovCloud Network is proud to announce that we have teamed with Tech Equity Ltd to deliver cloud education and training on a global basis. With this partnership, GovCloud Network will…

National Cybersecurity = Cloud Computing Security

By G C Network | August 13, 2014

A recent article Inc.com article claimed that the percentage of U.S. small businesses using cloud computing is expected to more than double during the next six years, from 37 percent…

Vets 360 Sponsoring Service Members To Attend Gartner Catalyst Conference

By G C Network | August 5, 2014

Veterans 360 will be attending the Gartner Catalyst Conference. They are also sponsoring the attendance of active duty service members that are currently in the US military and serving in…

ERPGovCloud: Your Path to DCAA Compliance

By G C Network | July 28, 2014

So you won your first Government Contract… Congratulations!  Among the new issues you will need to consider, your accounting systems, both practices and technology, will need to pass muster with…

GovCloud Media Network Feature: Army IT Playlist

By G C Network | July 17, 2014

The GovCloud Media Network features agency specific video playlist for registered members. Please enjoy this feature on the Army IT. Please visit the new GovCloud Network Media Library for more…

Security & Defense People Launches – Use “GovCloud” for 50% Discount

By G C Network | June 28, 2014

This is quite an unusual post for me but I would like to congratulate GovCloud Network partner SDP Networks on their launch of the Security & Defense People website! Security…

The Cloud Credential Council releases Executive FedRAMP certification course with leading government cloud expert Kevin L. Jackson.

By G C Network | June 23, 2014

Palo Alto, USA – June 23rd, 2014 – Addressing the global cloud skills gap is the number one priority to help accelerate the successful adoption of Cloud, according to the Cloud…

Learning Tree’s Expert Cloud Instructor Kevin Jackson Announces Multiple Speaking Engagements

By G C Network | June 22, 2014

(Reposted from LearningTree’s “Perspectives on Cloud Computing” at https://cloud-computing.learningtree.com/2014/06/12/expert-learning-tree-cloud-instructor-kevin-jackson-announces-multiple-speaking-engagements ) Kevin Jackson, a certified Learning Tree cloud computing instructor and Learning Tree Cloud Computing Curriculum Initiative Manager, is set to…

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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