Blockchain

Is blockchain secure?

For public- and private-sector blockchain initiatives, blockchain technology must contend with technological, governance and regulatory challenges. For all its business transformational values, immutability, distributed transactions, cryptography, provenance, etc., pertinent issues around governance, advocacy, SmartContracts development, and securing blockchain applications at the edges still must be resolved for blockchain to garner mainstream adoption. Part I of […]

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10 Lessons: Design Thinking for Blockchain

Over the past fifteen months I’ve facilitated eighteen design thinking workshops to explore the application of blockchain to customer projects.  Most of these (actually 12) have been in the finance industry, and in Europe (specifically 15).  Some interesting lessons and reflections emerge. First a little context . . . We use a standard approach for customer projects as shown […]

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Ten things blockchain is NOT

Over the past months, I’ve written much about how blockchain – as a trusted, distributed ledger with shared business processes – can provide transformational value to almost all industries. One of my colleagues recently suggested I should also say what blockchain is not.  Since I try hard not to practice blockchain religion (“blockchain is the answer, what’s […]

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Boiling Down Business Blockchain

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, […]

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Unpacking a blockchain use case

Careful choice of use case is critical to a successful blockchain first project.  In a previous blog post I have discussed the application of ideation and prioritization techniques, and blockchain fit tests to use case selection. I will now outline ten questions which can be used to understand the selected use case in sufficient detail […]

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Hyperledger Composer: accelerating blockchain time to value

We often get asked “where’s the business case for this blockchain project”.  Blockchain is new yet offering considerable transformational potential, so this is a hard question to answer.  We usually suggest  that our customer understands what blockchain is, works with us to find a suitable use case then embarks on first project together using an agile […]

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Blockchain for government: building trust; demolishing bureaucracy

To build trust, governments strive to be as open, transparent and collaborative as possible.  To demolish bureaucracy, they seek to streamline citizen interaction, financial transactions and contract management.  All too often, they fall short of their own ambitions on both counts. Some fifteen months ago, I published my blog Blockchain for Government.  So much has […]

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Consensus for Business Blockchain

Hyperledger Fabric is a revolutionary blockchain-based approach to transaction processing within business network – through sharing a ledger – which improves efficiencies, reduces settlement times and increases trust within the network.  The four components of blockchain for business are shown in Figure 1; in this blog post I will focus on consensus. Figure 1: Core Components of […]

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Building a Blockchain Business Network

Use of Hyperledger Blockchain only really makes sense when a business network is involved.  The techniques for driving blockchain value across the network are evolving as the blockchain technology matures into business usage. Just last week, a dozen participants came together across three continents to prove the technical feasibility of building a business network on Hyperledger Blockchain, as […]

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Using Cognitive and Blockchain to drive innovation at the border

Cognitive Computing and Blockchain were areas of focus as officials representing customs, border security and immigration agencies from around the globe met in New York City as part of the 2016 CIBM Executive Forum (#2016CIBM). This year the forum focused on how agencies could leverage developments like cognitive computing and blockchain to drive innovation out […]

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Blockchain: Tackling Tax Evasion in a Digital Economy

The fast-growing digital economy is a nightmare for governments looking to maximise tax revenues and minimise tax evasion!  A recent report “Tax Challenges in the Digital Economy” from the policy department of the European Parliament states: “Digital goods are highly mobile or intangible, physical presence of a company in the market country is often not needed in […]

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Cook up a blockchain demo app

It’s never been easier to see what benefit blockchain can bring to a business.  Using the Hyperledger blockchain service on IBM Bluemix, in a few simple steps it’s possible to deploy an app which shows the benefits of applying blockchain to a car leasing supply chain.  This short video gives an overview of the use case. […]

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