Blockchain Business Innovation

May 18, 2017 / G C Network / Comments Off

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Virtual Machines in Virtual Networks

By G C Network | August 4, 2008

One of the key value propositions in cloud computing is built around increase efficiencies. These eficiencies are diven by the use of virtual machines (VMware, XEN, etc.) and the automated…

SOA-R Interest Grows

By G C Network | August 1, 2008

Interest continue to grow in the use of cloud computing concepts for national security missions. Although some view the idea of a “private cloud” as an oxymoron, I personally see…

Microsoft: “Cloud Computing is the Plan”

By G C Network | July 31, 2008

From the Wireless Business & Technology Cloud Computing News Desk : “Ballmer highlighted software-plus-service, associating it with a ‘platform in the cloud and delivering applications across PCs, phones, TVs, and…

CC Tidbits

By G C Network | July 31, 2008

Interesting tidbits from Maureen O’Gara in Apple, Google, Yahoo & Cloud Computing: Industry gadfly John Dvorak is advancing a theory culled from the blogosphere that Microsoft wants Yahoo for some…

Correlative Analytics: Cloud Computing Google Mindshare

By G C Network | July 30, 2008

Correlative Analytics (A.K.A. “The Google Way of Science“) postulates that extremely large databases of information, starting in the petabyte level, may be sufficient to skip the theory part of the…

What is Cloud Computing? — Another view

By G C Network | July 29, 2008

Irving Wladasky-Berger, chairman emeritus of IBM’s Academy of Technology, recently wrote and article on cloud computing titled “What is Cloud Computing, Anyway?”. The following is my interpretation of a few…

Dark Cloud Computing

By G C Network | July 28, 2008

In his blog article “The Rise of The Dark Cloud” Reuven Cohen wonders about a growing interest in covert computing. Although he briefly mentions malevolent uses of the net, the…

July Military Information Technology magazine

By G C Network | July 25, 2008

This month’s issue of Military Information Technology magazine has the Army’s Chief Information Officer, Lieutenant General Jeffrey A. Sorenson, on the cover. The enclosed special report, titled LANDWARNET Transformation, has…

“The Big Switch” and Intellipedia Highlighted

By G C Network | July 24, 2008

During last week’s SOA-R session, Steven Armentrout referenced “The Big Switch” by Nicholas Carr as a very enlightened view of our changing world. On July 17th, Information Week’s Richard Martin…

Does anybody really know what cloud computing is?

By G C Network | July 23, 2008

Less than 2% of the CIOs in an Infoworld survey said that cloud computing was a priority. The surveyed indicated that server virtualization and server consolidation are their No. 1…

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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.