Blockchain Business Innovation

May 18, 2017 / G C Network / Comments Off

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Interoperability: A Much Needed Cloud Computing Focus

By G C Network | February 10, 2014

Cloud computing transitions information technology (IT) from being “systems of physically integrated hardware and software” to “systems of virtually integrated services”. This transition makes interoperability the difference between the success…

Managing IaaS and DBaaS Clouds with Oracle Released

By G C Network | February 6, 2014

Over the holidays I actually spent some time reviewing the newly released “Managing IaaS and DBaaS Clouds with Oracle Enterprise Manager Cloud Control 12c“. This book is a step-by-step tutorial…

Veterans 360: Helping Young Combat Veterans Succeed

By G C Network | February 5, 2014

Refusing to accept the 30 percent unemployment rate for California veterans between the ages of 18 and 24, Veterans 360 (V360) offers recently-separated combat veterans the opportunity for a solid…

Veterans 360 Paves the Way with Cloud Certification Training

By G C Network | February 3, 2014

In keeping with their mission to support young combat veterans’ transition into civilian life, Veterans 360 plans to launch a free Cloud Technology Certification training program. Vets360-Cloud will give veterans…

DBT-Data is a Force to be Reckoned With

By G C Network | January 27, 2014

DBT-Data further established itself in the data storage industry as a formidable force with the $35 million dollar purchase of the state of the art Cyber Integration Center on 1175…

2014 Federal Intelligence Summit – Washington, DC

By G C Network | January 10, 2014

DBT Data and Potomac Officers Club are excited to announce that Al Tarasiuk, CIO of the Office of the Director of National Intelligence (ODNI), will be part of an ICITE…

3rd Annual World Congress of Cloud Computing 2014

By G C Network | January 7, 2014

Today I am proud and honored to announce that I will be participating in this year’s 3rd Annual World Congress of Cloud Computing 2014! Highlighting the theme of “Chinese Dream…

NRRC Video Series – Video 8 : Raytheon R3 Decision Support Tool and Advanced Tactical System

By G C Network | December 23, 2013

In September, the NCOIC delivered the Geospatial Community Cloud (GCC) demonstration. Sponsored by the National Geospatial-Intelligence Agency, this demonstration showed how an interoperable, hybrid-cloud operating environment can be quickly enabled…

NRRC Video Series – Video 7 : Dave Boulos Demonstrates Bring-Your-Own-Device (BYOD) Management

By G C Network | December 20, 2013

Just Pinched Myself ! Part of a “GovCloud Dream Team” !!

By G C Network | December 12, 2013

DBT-DATA provides reliable, flexible, and cost-effective data center solutions to federal, enterprise, and internet customers. With premier facilities in Ashburn, Virginia and the Cyber Integration Center in Harrisonburg, Virginia, they…

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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.