This is a list of my blockchain for business posts, where I explain this much hyped topic in business terms, missing out all of the technical gobbledygook! My most recent posts are at the top.
Blockchain Privacy Services > coming up next . . .
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Blockchain Smart Contracts A Smart Contract is computer code which automates the “if this happens then do that” part of traditional contracts. Blockchain gives Smart Contracts the possibility of being rendered as code, stored and replicated across the distributed ledger and executed by the network of computers that run the blockchain. Once a Smart Contract is deployed on a blockchain, and validated by the business network using the chosen consensus mechanism, its future execution is guaranteed. [published 15 Jul 16]
Design Thinking & Blockchain Design Thinking is an essential part of making blockchain real for business. After validating the blockchain value add, we examine the use case from the viewpoints of a key users then map out how the users are doing their job now. Through identifying inefficiencies we start to surface ideas for new solutions, rendered as Hills – analogous to a Commander’s Intent. The chosen Hill then defines the direction of the first agile iteration. [published 30 Jun 16]
Cyber Security & Blockchain Could blockchain be a hacker’s dream come true, or just not worth the effort? In this blog post I look at three common hacker motivations – SNOOP, DISRUPT & DENY – consider how these are typically executed and examine the effect that IBM Blockchain usage has on the chance of success. I conclude that Hackers tend to go for the “low hanging fruit” and privacy services embedded in IBM’s Blockchain fabric are likely to deter. [published 27 May 16]
Asset Management Use Case Asset management is “The coordinated activities of an organization to realize maximum value from it’s assets“. Blockchain gives the multidisciplinary asset management team a shared, single view of the asset updated every time a status change occurs through peer to peer replication. Blockchain enhances team efficiency and improved risk management posture from total confidence in asset information. [published 20 Apr 16]
Provenance Use Case Provenance is the chronology of the ownership, custody and/or location of an (historical) object. In a world where fraud, cyber and organized crime is every more prevalent, assuring provenance has never been more important. Blockchain can record changes to asset ownership and / or location over an object’s lifetime. Benefits include increased trust since no central authority “owns” provenance; reduced times to maintain complex systems and more efficient recalls, targeted to individual systems rather than cross fleet. [published 17 Mar 16]
Supply Chain Management Use Case > Each member of the supply chain currently keeps their own records of asset information, driving up costs increasing complexity and causing regulatory challenges. Imagine a world where every participant in the supply chain could share consistent and up to date information irrespective of where the asset is in its life cycle. By providing an agreed, shared record of the asset information – as it transits the supply chain – IBM Blockchain can deliver just that. [published 18 Feb 16]
IBM’s Blockchain Activities > Late in 2015 the Linux Foundation announced the Open Ledger Project with IBM as a founder member and the bold goal of “transforming the way business transactions are conducted around the world”. This project will use well tried & tested open source, open governance development methods to build an open standards compliant blockchain foundation. We are also committed to helping our customers explore business cases for Blockchain exploitation and how these can be realised in practice. This is an incremental, easy to access approach to make blockchain real for business. [published 15 Jan 16]
Blockchain in Government > When applied to suitable use cases, blockchain can help governments reduce cost & complexity, increase trust (through shared processes and record keeping) and reduce the risk of fraud and cyber crime. The four key components of blockchain for business (& government) are a shared ledger, privacy services, consensus method and a smart contract. [published 28 Oct 15]