transformation

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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Improving citizen experience through digital transformation: 2016 post-election reflections

Each day, government agencies interact with millions of citizens – veterans, students, taxpayers, immigrants – to accomplish their core missions. Today, where the “last best experience that anyone has anywhere becomes the minimum expectation for the experience they want everywhere”[1] and technology forces create new experiences and disrupt operational models, it’s critical for government organizations […]

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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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What’s the matter with digital strategy?

It’s becoming popular in the public sector to dismiss strategic IT planning, claiming that all the associated effort is a waste of time.  This is the “digital” era (so the argument goes) and citizen expectations, technology capabilities and external influences move too quickly for strategy to be valuable. There’s a logic to that.  But I […]

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Does Taking the Long View Help?

Traditionally, U.S. federal agency plans last the length of a four-year presidential election cycle. But many challenges facing government are on a much longer cycle – such as building Defense weapon systems, adapting to climate change, and creating energy independence. In 1996, Congress mandated the Defense Department to conduct a “quadrennial defense review” (QDR) of […]

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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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Open Innovation, blockchain & hyperledger

In this blog post, I will outline these three terms and explain the amazing transformational opportunity that arises from their coalescence. Open Innovation is a term originally coined by Dr Henry Chesbrough in the early 2000’s best summarised by Figure 1 below. Figure 1 – Open Innovation Open Innovation gives organisations the ability to create […]

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Privacy services & blockchain

In this blog post I will discuss the use of privacy services in blockchain, specifically the Hyperledger blockchain fabric.  I will explain privacy services in business terms, and avoid technical gobbledygook! Blockchain gives participants in a business network the ability to share a ledger which is updated every time a transaction occurs through peer to peer […]

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Blockchain, how SMART is your contract?

Smart contracts have been around since 1994 when Nick Szabo defined a smart contract as a computerized transaction protocol that executes terms of a contract.  Putting this another way a Smart Contract is computer code which automates the “if this happens then do that” part of traditional contracts. Figure 1: From Contract to Code [https://bitsonblocks.net] However, not much happened with […]

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