Blockchain Business Innovation

May 18, 2017 / G C Network / Comments Off

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My views on “Classification of Cloud Computing Stakeholders”

By G C Network | July 12, 2008

In “Cloudy Times”, Markus Klems is having a good discussion on how cloud computing stakeholders classify the various infrastructure options. I then thought that it would be good for me…

The Implemetation of Network-Centric Warfare

By G C Network | July 12, 2008

The Implemetation of Network-Centric Warfare “Warfare is about human behavior in a context of organized violence directed toward political ends. So, network-centric warfare (NCW) is about human behavior within a…

Personal Views on DISA, HP and RACE

By G C Network | July 11, 2008

DISA and HP are clearly on the path towards cloud computing. At it’s core, net-centric operations requires the effective delivery of information to forward forces and the translation of that…

DISA selects HP for RACE

By G C Network | July 10, 2008

Byte and Switch reported today that the Department of Defense (DoD) has confirmed that HP will help the Defense Information Systems Agency (DISA) deploy a major cloud computing infrastructure. Grid…

Speakers for First SOA-R Event Announced

By G C Network | July 10, 2008

Scheduled speakers and topics for the first SOA-R Cloud Computing Education event are: Steve Armentrout, Parabon, President & CEO Grid to Cloud Computing Greg Boss, IBM, Lead Cloud Solution Architect…

Cloud Computing Offerings – A Taxonomy

By G C Network | July 9, 2008

From “The various level of cloud computing” by Ross Cooney Applications in the cloud: Software as a Service (SaaS). Examples include gmail, yahoo mail, Hotmail, the various search engines, wikipedia,…

Cloud Computing Guides (updated 8/10/08)

By G C Network | July 9, 2008

InfoWorld Special Report on Cloud Computing InformationWeek Guide to Cloud Computing InfoWorld Cloud Computing Strategy Guide Cloud Computing Product Guide A Brief History of Cloud Computing Business Week CEO Guide…

Microsoft announcing Cloud Computing offering

By G C Network | July 8, 2008

According to Information Week, Microsoft plans to make three important business software offerings — Exchange, Office Communications, and SharePoint — available in SaaS versions for business this year, but it’s…

Intel new CIO to examine Cloud Computing

By G C Network | July 7, 2008

In a ComputerworldUK article, incoming Intel CIO Diane Bryant says that she will network with fellow information chiefs, examine cloud computing and advocate using the chip giant’s internal operations as…

Cloud Computing for National Security

By G C Network | July 3, 2008

As the national security community considers cloud computing as an IT infrastructure option, it is surely looking at the value of the cloud in an information sharing world. Implementation of…

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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.