Blockchain Business Innovation

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Cloud Computing Wargames !!

By G C Network | January 22, 2009

Wikipedia “A wargame is a game that represents a military operation.” “Military simulations, also known informally as war games, are simulations in which theories of warfare can be tested and refined…

President Barack Obama. A New Day for Cloud Computing !!

By G C Network | January 20, 2009

Yesterday, President Barack Obama’s transition team released a new video touting the benefits of cloud computing and government transparency. “Cloud computing, which allows consumers and institutions to access their files…

How the Government Tweets – An Update

By G C Network | January 19, 2009

Thanks goes out to Twitter_Tips for a link to Government agencies on Twitter: a few comprehensive sites posted by lindyjb which includes the following: The Government’s A-Twitter: A Comprehensive List…

How the Government Tweets

By G C Network | January 16, 2009

Last September in “Ambient Awareness. The cloud killer app? ” and ” The Cloud Wins in Minneapolis at the RNC! “, I wrote about how the cloud infrastructure and microblogging…

Bob Gourley on Cloud Computing and NetCentric Operations

By G C Network | January 15, 2009

Bob Gourley, Crucial Point CTO and former DIA CTO, just posted Cloud Computing and Net Centric Operations on his website CTOvision . In it he outlines how the OSD and ASD NII…

Obama Administration CTO Top Suggestions

By G C Network | January 14, 2009

Check out the top vote getters for suggestions to the nations’s first CTO! #5 with 5,835 votes Open Government Data (APIs, XML, RSS) We can unleash a wave of civic…

2009 Cloud Computing Events

By G C Network | January 13, 2009

2009 is off to a fast start with the following events on the horizon! February 2009 – “Bi-Annual On-line Government Cloud Computing Survey”, On-line February 3, 2009 – Open Group…

World Summit of Cloud Computing Virtual Site

By G C Network | January 12, 2009

The Israeli Association of Grid Technologies (IGT) has made its recent IGT 2008 World Summit of Cloud Computing available on-line. Speakers include: Day 1: Stevie Clifton, Co-Founder & CTO Animoto…

1105 Government Information Group does Cloud Computing

By G C Network | January 9, 2009

Mark your calendars for April 29, 2009 ! 1105 Government Information Group has announced that there will be a Cloud Computing Conference at the Ronald Reagan Building in Washington, DC.…

Sun Acquires Q-Layer

By G C Network | January 8, 2009

Yesterday, Sun Microsystems announced their acquisition of Q-layer. This Belgium based company automates the deployment and management of both public and private clouds. In the press release, David Douglas, SUN’s…

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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.