Why Blockchain?
Because reliable information can be very expensive,
and blockchain reduces the cost of reliable information
Q: How does blockchain ensure information is reliable?
A: A blockchain will only store information that select business network participants have agreed is true. When information is submitted that does not meet the pre-configurable policy, it is rejected by network participants.
Q: If an organization has multiple sources of verifiably true information, how does a blockchain determine which is the most recent version of that truth?
A: Data silos within organizations often present competing versions of truth. When the true information is time-stamped and serialized, it becomes part of a cryptographically secure chain-of-blocks and forms the ledger which is automatically shared with select participants. The most recent version of true is now the only version available to those network participants.
Q: I don’t see an immediate need for a blockchain in my current operations. What is the best way to future-proof my business?
A: The versatility of blockchain and the rapid growth across all industries means business operators should prepare for the eventulality that one of its partner organizations – a supplier, distributor, customer, institution, regulator – will adapt new processes that integrate blockchain technology into their growth plan. Business operators can have their operations periodically assessed and follow industry peers for any evidence of technolgy advancements.
Be ready.
Achievements
Academic and professional document forgery and falsification is a problem facing all stakeholders in education and business. … more
Art & Antiquities
Art collectors, investors and museums are regularly exposed to forgeries. A record of ownership and origin is crucial to verifying authenticity and maintaining a works value. … more
Authorship
Protecting authors from predatory publishing and plagersim is necessary and expensive. Proof of authorship beyond traditonal copyrighting methods is now possible. … more
Energy
The energy industry has many sub-sets of industries including electric power, renewable energy, natural gas and others. The electricity and renewable energy industries offer many opportunities for blockchain applications in peer-to-peer energy trading and decentralized transparent governance. … more
Financial Services
Real-time and cross-border payments, securities settlement, digital currencies, DeFi (decentral finance), and the advancement of a great many self-sovereign identity applications make blockchain a priority for legacy financial institutions. … more
Government
Government and public sector agencies face organizational barriers resulting in information silos. Blockchain offers interoperability, transparency, better security, reduced data duplication and better controls over access to information. … more
Healthcare
Information silos in the healthcare, pharmaceutical and health insurer industries create interoperability challenges and security vulnerabilities. In the US, the FHIR (Fast Healthcare Interoperability Resources) implementations are improving access to information but blockchains will build on this and provide better controls over consumer/public access. … more
Identity
The technologies securing and authenticating personal and corporate identities have not kept pace with a fast evolving digital world. Blockchain bolsters efforts with the use of Public Key Infrastructure (PKI) utilizing Certificate Authorities (CA). Self-Soverign Identity (SSI) is where a person or entity securely owns and controls their identity and personal data. … more
Law
Technology has been transforming the legal industry for a number of years and blockchain technology will take it to the next level. Advancements include automating legal agreements, legal workflow, tokenizing and moving assets on a blockchain. … more
Manufacturing
The manufacturing industry will be one of the largest benefactors of blockchain technology. Increased trust in supply chain and a manufacturers entire ecosystem. Improved contract management, component traceability enhancements, freight administration and streamlined access to trade finance are just a few advancements. … more
Media & Entertainment
The number of stakeholders woven into a film, television or new media productions can number in the hundreds or thousands. All have some type of legal agreement binding them to the production entity. Integrating agreements, contracts, copyright & trademark assignments, etc into blockchain builds a trusted “chain-of-title”. … more
Real Estate
The mechanisms of how real property is transacted, verified, recorded and stored is costly and comes with enormous risk. The counterparties in real estate deals require expensive legal support to ensure timely and reliable transactions. Blockchain reduces many risks and improves information reliability. For developing countries, blockchain will offer much needed transparency. … more
Supply Chain
Supply chain traceability in manufacturing, distribution and retail is fast becoming the perfect business use-case for blockchain. One example is how farm-to-table retailers benefit from this new enhanced supply chain traceability when recalls or quality concerns arise. … more
$Billion
Blockchain based Identity is expected to grow to USD $1.93 Billion by 2023. One of the most important and fastest growing segments.
$Billion
Global blockchain market size will grow to $23.3 Billion by 2023. Supply Chain leads in applications.
$Billion
Media & Entertainment market expected to reach USD$1 Billion by 2023. Piracy and reducing intermediaries between content creator and consumer are the focus.
Crypto Currencies
As of 12/2019 there are almost 5,000 unique crypto currencies. Bitcoin brought us the blockchain and spawned a revolution.
Solve Business Problems With Blockchain
Who is blockchain?
The blockchain layer remains invisible to consumers and business as developers around the globe build new solutions to address deficiencies in identity, finance, legal, supply chain and other horizontal markets.
Public or Permissioned?
Understanding the difference between permissionless and permissioned helps to understand blockchain value proposition.
Tokenize: STO, ICO, IEO
“We’ve come a long way, Howey.”
Security Token Offerings, Initial Coin Offerings, Initial Exchange Offerings, Reg A+ SEC-approved token offerings. Opportunities abound in asset tokenization, smart-contracts, chaincode.
Blockchain events are global!
Quotes
blockchain Ramblings and stuff…
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