Blockchain Business Innovation

Cloud Computing on CNBC – $100B market

By G C Network | May 28, 2008

Google’s Head In The Clouds Follow me at https://Twitter.com/Kevin_Jackson

IBM Blue Cloud

By G C Network | May 28, 2008

A short news interview on the IBM Blue Cloud . Follow me at https://Twitter.com/Kevin_Jackson

Amazon’s Cloud Overtakes Websites

By G C Network | May 27, 2008

May 27, 2008 See NY Times article, Cloud Computing: So You Don’t Have to Stand Still Follow me at https://Twitter.com/Kevin_Jackson

May 1 IBM, Google Partnership Announcement

By G C Network | May 27, 2008

In this video, IBM and Google announce their joint cloud computing initiative. As I said in my earlier post, Google and IBM have teamed up to provide a “Google-like” infrastructure.…

“The Missing Piece in Cloud Computing”

By G C Network | May 27, 2008

First Software as a Service – SaaS…Then Hardware as a Service – HaaS…Now, Middleware as a Service – MaaS? GigaSpaces’ CMO Geva Perry will be presenting on middleware virtualization at…

How the NRO can leverage Cloud Computing

By G C Network | May 26, 2008

Last Thursday, May 22nd, I had the pleasure of attending an Intelligence Community Executive Forum hosted by Carahsoft. The topic of this forum was “”Innovative Technology for the Intelligence Enterprise”.…

Green Cloud Computing

By G C Network | May 26, 2008

The other day I was asked “Why is cloud computing considered green?” Wouldn’t you know, The Economist provided the perfect answer. “In future the geography of the cloud is likely…

Oracle in the Cloud

By G C Network | May 25, 2008

Oracle (NSDQ: ORCL) is building new data centers to support cloud computing. The company is investing $285M and will break ground on the 200,000-square-foot facility this summer. Oracle’s president Safra…

Explaining Cloud Computing

By G C Network | May 23, 2008

In the video Explaining Cloud Computing Christopher Barnatt, author of ExplainingComputers.com, and Associate Professor of Computing and Organizations in Nottingham University Business School, provides a very understandable explaination of cloud…

Cloud Computing supports Net-Centric Warfare

By G C Network | May 23, 2008

Netcentric warfare theory contains the following four tenets in its hypotheses: 1) A robustly networked force improves information sharing;2) Information sharing enhances the quality of information and shared situational awareness;3)…

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.
 
 

This post was brought to you by IBM Global Technology Services. For more content like this, visit ITBizAdvisor.

 

Cloud Musings

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