Industry Insights
Boiling Down Business Blockchain
April 19, 2017 | Written by: John Palfreyman
Categorized: Industry Insights
We are making considerable progress with blockchain customer projects – at the time of writing, we have some 31 public references! But there is still too much gobbledygook and technical waffle given when answering the simple question “So exactly what is blockchain, in business terms?”.
Maybe this will help . . .
Blockchain is a trusted, distributed ledger with shared business processes where:
Transactions are agreed by business network participants.
There is total clarity of who’s done what, when.
Which results in one view of truth shared across business network.
So disputes are quick & easy to resolve.
And the solution is resilient to failure or fraud.
For those who prefer a short (under 3 minutes) video, this one explains IBM’s approach to blockchain . . .
Want to know more about blockchain? These blog posts talk about different aspects of blockchain for business
- Blockchain Smart Contracts > http://bit.ly/BlockSmartC
- Blockchain Privacy Services > http://bit.ly/BlockPriv
- Consensus for Business Blockchain > http://bit.ly/BlockConsensus
- Cyber Security & Blockchain > http://bit.ly/HackmyBlock
and these cover some cross industry use cases:
- Supply Chain Management > http://bit.ly/BlockWhere
- Provenance > http://bit.ly/ProvBlock
- Asset Management > http://bit.ly/BlockchainBathTub
- Tacking Tax Evasion in a Digital Economy > http://bit.ly/BlockTax
- Blockchain for Asset Registration > http://bit.ly/BlockAssetReg
Comments and discussion VERY welcome!
Director - Blockchain | National Security - CTO Team Europe
The Cognitive Port of the Future
Future ports are digital Imagine an autonomous port where the technology is guiding container ships to designated berthing position. Where all operation is automated and optimized using data from high amount of sensors installed across of terminals, water and road network surrounding ports. This is a vision adopted by leading ports like Port of Rotterdam […]
The Future of Travel on Digital Highways
Highways are getting as interconnected as the people who use them. Highway infrastructure is backbone of any economy. The connection between the development of highways and economic growth has been well understood for centuries. But the connection between the digitalization of society and highways is just being explored. Highways are becoming more instrumented, with energy […]
Building the Cognitive Campus
Imagine you could have systems capable of understanding all your data, put it into context, and constantly learn and interact in a natural way. The cognitive future of education is already here, offering new methods and solutions that transform teaching and learning experiences, help graduates meet the skills and needs that are shaping industries and […]