Blockchain Business Innovation

May 18, 2017 / G C Network / Comments Off

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VMware lays out roadmap to the clouds.

By G C Network | June 10, 2008

Earlier this year, Diane Greene, VMware President and Co-Founder, described cloud computing as the final evolutionary step for virtualization. Reza Malekzadeh, Senior Director of Products and Marketing reinforced that view…

Mario Dal Canto at Virtualization Conference & Expo 2008 East

By G C Network | June 9, 2008

According to Mario Dal Canto, “Virtual Cloud Computing represents the next wave of virtualization and offers significant market opportunities by providing a new, simpler, and much more pervasive platform for…

Microsoft cloud fits and starts.

By G C Network | June 9, 2008

Microsoft’s dance with cloud comuting is very puzzling. Point 1: The June 5th Wall Street Journal article discusses the friction between Steve Ballmer and Bill Gagtes over NetDocs, described by…

Salesforce.com & Google

By G C Network | June 6, 2008

A short promotional video on Salesforce and the Google cloud. Follow me at https://Twitter.com/Kevin_Jackson

Gamers now have their own cloud.

By G C Network | June 5, 2008

Valve, a Bellevue, Washington based entertainment software and technology company, recently announced that they will use the cloud computing paradigm as their next major update. Called “Steam Cloud” the service…

Is IBM serious about cloud computing?

By G C Network | June 5, 2008

Last week in Eye on the Enterprise, Joe McKendrick, highlighted IBM VP Steve Mills’ apparently less than enthusiastic statement regarding cloud computing. In an April 30th interview with CNET’s Dan…

VMware and Cloud Computing

By G C Network | June 3, 2008

VMware President and Chief Executive Officer Diane Greene,in her keynote address at the JP Morgan Technology Conference in Boston, described cloud computing as the final evolutionary step for virtualization. In…

DISA Cloud Computing Plans

By G C Network | June 3, 2008

During last month’s Defense Information Systems Agency (DISA) Partnership Conference, cloud computing debuted as a “top priority” for senior leadership. Speakers described a future state when users would access computing…

The Cloud Computing Portal

By G C Network | May 30, 2008

The Cloud Computing Portal is a community edited database that makes the cloud vendor selection process easier, by helping you find a cloud provider who supports the environment you need.…

HP in the Cloud

By G C Network | May 29, 2008

In “HP weds cloud…” , Hewlett-Packard has apparently outlined their approach to cloud computing. They are merging their high-performance computing unit with the Web 2.0 and cloud computing infrastructure businesses.…

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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.