Blockchain Business Innovation

May 18, 2017 / G C Network / Comments Off

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Ambient Awareness. The cloud killer app?

By G C Network | September 10, 2008

Ambient Awareness: the ability to acquire, process, and act upon application specific contextual information, taking the current user preferences and state of mind into account. In the September 5th New…

The Cloud Wins in Minneapolis at the RNC!

By G C Network | September 9, 2008

Little did I know that while I was watching the Republicans cheer their standard bearer inside the Xcel Energy Center that the cloud infrastructure was outside defeating the forces of…

Cloud Computing vs. Virtualization

By G C Network | September 8, 2008

Yesterday, Reuven Cohen in ElasticVapor, provided an excellent post on the title subject. I’d like to “second his emotion” and, for my audience, add that cloud computing technologies and techniques…

Government Technology Cloud Recommendations

By G C Network | September 5, 2008

Recommendation on the cloud from Government Technology: No. 1: Educate your team about cloud computing. Don’t just ignore this topic as hype – the future is in this direction. Go…

Cloud Computing: A pay-by-consumption scalable service

By G C Network | September 4, 2008

John Edwards (not the Senator) of Computerworld sees cloud computing as a “…pay-by-consumption scalable service that’s usually free of long-term contracts and is typically application- and operating system-independent”. His recent…

Cloud Computing Dictionary

By G C Network | September 4, 2008

Geva Perry will be presenting at the October 8th SOA-R event. Before attending, you may want to visit his cloud computing dictionary to catch up on the current cloud computing…

Google Launches Chrome: Desktop-centric to Network-centric

By G C Network | September 3, 2008

According to Nicholas Carr, “Chrome is the first cloud browser”. If you’re not familiar with Chrome, this application is Google’s entry into the browser wars. In his blog, Mr. Carr…

Boeing Gives Up On Interoperable Modelling and SimulationNnetworks

By G C Network | September 3, 2008

Last week a Flightglobal article reported on the softening of Boeing’s stance on the need to establish standards for networking protocols across the US and global defence industry. Citing the…

Cisco: A Cloud Computing Company?

By G C Network | September 2, 2008

Yes Cisco ! Red Herring’s report on Cisco’s acquisition of PostPath last week presents a strong case for this. If finalized, PostPath would become Cisco’s fifteenth acquisition in less than…

Cloud Computing at top of Hype Cycle

By G C Network | August 29, 2008

Computerworld reports that Gartner see cloud computing as being at the top of the hype cycle. They have also settled on a definition: “a style of computing where massively scalable…

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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.