Blockchain Business Innovation

How Cloud Brokerage Enables a Practical Path to Cloud IT

By G C Network | March 30, 2013

Join us on Wed, Apr 17, 2013 from 11:00 AM – 12:00 PM EDT to explore how to use cloud brokerage to move efficiently and securely to the cloud. More…

NJVC Cloudcuity Management Portal to Provide Secure Cloud Brokerage Services to NCOIC for NGA

By G C Network | March 28, 2013

CHANTILLY, Va., March 28, 2013 — NJVC®will lead efforts to provide secure cloud brokerage services to the Network Centric Operations Industry Consortiumusing its first-to-market Cloudcuity™ Management Portal during a series…

CloudCheckr : Amazon Complexity Challenges Many Users

By G C Network | March 25, 2013

     A recently released infographic from CloudCheckr (https://cloudcheckr.com/) sheds quite a bit of light on the importance of expert advice when an enterprise decides to deploy to the cloud.  When…

NJVC Announces Winner of Cloudcuity AppDeployer Contest Pilot at George Mason University

By G C Network | February 25, 2013

CHANTILLY, Va., Feb. 25, 2013—NJVC, an information technology solutions provider headquartered in northern Virginia, is pleased to announce the winner of the George Mason University (GMU) Student PaaS Developer Contest.…

Bahrain International eGovernment Forum 2013

By G C Network | February 23, 2013

I am honored to announce that I will be a speaker at the Bahrain International eGovernment Forum, April 8-10, 2013, being held at the Ritz-Carlton Bahrain Hotel and Spa, in…

Why the cloud will shake markets.

By G C Network | February 2, 2013

“Recently, I predicted that in 2013, cloud computing will provide the biggest disruption information technology has experienced in 25 years. These impacts extend to the $128 billion data center industry,…

Top 10 Transformational Impacts of the Cloud in 2013

By G C Network | December 21, 2012

CHANTILLY, Va., Dec. 20, 2012 — NJVC®, an information technology solutions provider headquartered in northern Virginia and supplier of Cloudcuity™ AppDeployer, and Virtual Global, a provider of cloud-enabled enterprise IT…

GovTech Innovator: Kevin Jackson

By G C Network | December 3, 2012

Today I am honored to be named a GovTech Innovator by Government Technology. My personal thanks goes out to Hilton Collins for letting me Hangout with him on Google+. Govtech.com…

How Will Technology Impact Your Business in 2020?

By G C Network | November 29, 2012

by Dennis Brouwer    (Repost from ThinkGig. Thanks for letting me contribute to your ebook!! – Kevin Jackson ) Human-like technology. The potential downfall of the data center. Hyper-personalization of…

The Government Cloud on KCUR-FM Central Standard with Jabulani Leffall

By G C Network | November 26, 2012

A big THANK YOU goes out today to KCUR-FM Central Standard host Jabulani Leffall, producer  Matthew Long-Middleton,and associate producer Danie Alexander for having me as a guest on this morning’s show!…

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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