blockchain

Vendor fraud gets red light from startup using blockchain on IBM Cloud

Fortune tells the story of how a scam involving email phishing and fake suppliers victimized the most sophisticated, tech-savvy corporations. A fraudster forged email addresses, invoices and corporate stamps to impersonate a large, Asian-based manufacturer with whom the tech firms regularly did business to trick two companies into paying for computer supplies. Over a two-year […]

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Why data is the key to IBM being “the enterprise cloud”

In a recent interview with CloudTech, John Considine, IBM general manager of cloud infrastructure services, made the IBM view of cloud abundantly clear. “Here’s the trick: for us, we are the enterprise cloud,” he said. Data is a cornerstone of that way of thinking, Considine said: “One of our theories leading into the cloud, for […]

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The top 10 Thoughts on Cloud articles of 2017

If you had to describe the biggest changes to and focus points of cloud computing in 2017 in just a few words, what would you say? Would you mention blockchain? What about microservices? Private cloud? Automation? Where would analytics fit in? Or impending regulations dealing with data governance and responsibility? Maybe you’d mention how much […]

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Is Your XML actually a “Document of Record”?

XML is just another markup language like HTML, SGML, etc. – right? That might have been true in the past, but it is no longer true. XML is rapidly becoming the de-facto standard for a wave of new documents of record, required to be archived and protected with proof of inalterability. New Regulations Requiring XML […]

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Is 2017 the year of digital business reinvention in financial services?

Against a backdrop of emerging technologies, shifting customer expectations, regulatory changes and evolving business models, Forrester Research lays out the future of financial services in a provocative report entitled “Predictions 2017: Pioneering Financial Providers Will Partner With Fintech To Build Ecosystems.” It makes the claim that breakaway leaders will focus on digital products delivered as […]

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Announcing IBM integration capabilities for blockchain

Everyone loves making year-end predictions, and this one was a popular pick from last year: blockchain would disrupt everything in 2017, including integration. Those making that claim are right on the money. Blockchain—a shared, immutable ledger for recording the history of transactions—needs the most secure integration right now. Here’s why. Blockchain to serve customers quickly […]

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A 5-stage model for shared blockchain processes

In our previous post, we outlined four major challenges of the interorganizational processes blockchain enables. To address those challenges, organizations should consider these five steps, which in many cases directly extend existing industry practice for private processes. Let’s return to our example of health records on a blockchain. An electronic health record (EHR) stored on a […]

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4 challenges of shared processes managed by blockchain

Blockchain is already disrupting industries and bringing trust to scenarios where it was previously complex to implement. Many of these solutions transfer data or assets between network members, but each scenario also represents a process between organizations. For example, the journey of a shipping container is made up of hundreds of requests, approvals and document transfers. For a letter of credit, the blockchain solution is a shared business process. The benefits of a solution […]

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Chile’s largest stock exchange teams with IBM for blockchain solution

The Santiago Stock Exchange, the largest stock exchange in Chile, has partnered with IBM to build a blockchain-based securities lending solution intended to speed up back-office processes by 40 percent. “We spend two-to-three days after trading signing contracts, adding the assets, and the intermediary needs to create the collateral, all of that will now be […]

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Blockchain and the third trust revolution

Blockchain has the potential to sweep away the central trust authorities of governments, banks and corporations as  I discussed in my previous post. Why? Because blockchain enables virtual communities to re-create the person-to-person trust of small villages and societies at a global scale. Ancient societies were based on the idea of personal trust: I trust […]

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Trust revolutions and the need for blockchain

In my previous post, I outlined what makes blockchain a transformative technology. It builds trust in data and business networks, which makes it the latest part of a long history of trust as the basis for economic transactions. People trust each other based on personal knowledge. I trust you because I know you and what […]

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4 characteristics that set blockchain apart

I speak to lots of customers who are using or thinking of using blockchain. Depending on who you speak to, blockchain is either a new power poised to change the way we do business or the latest IT hype. I believe blockchain has characteristics which mark it as something transformative, perhaps even more transformative than […]

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