IBM Systems Magazine, Mainframe - May/June 2017 - 19

The Business of

BLOCKCHAIN
The ledger technology is set to streamline markets
and transform industries
By Kristin Lewotsky k Illustration by Greg Mably

usiness is built on trust.
The seller needs to trust
the buyer to pay for
goods. The buyer needs to trust
that the seller will deliver those
goods, and that they have the
right to sell them to begin with.
Financial institutions must trust
one another to settle transactions.
Other examples abound. To
create an environment of trust
and accountability among
organizations around the world,
a vast network of intermediaries
has sprung up. Navigating that
trust network for each transaction
takes time, costs money and can
still leave some uncertainty of the
other party.
What if a better solution that
was comprehensive, transparent,
immutable and available to all
existed? Some believe it already
exists, and its name is blockchain.
"It can enable individuals or
businesses to move, store and
manage anything of value (e.g.,
money, financial assets, titles

B

and deeds, properties, votes
in an election), and they can
do it peer to peer, securely and
privately," says Alex Tapscott,
CEO and founder of Northwest
Passage Ventures, and co-author
of "Blockchain Revolution: How
the Technology Behind Bitcoin Is
Changing Money, Business, and
the World."
According to Tapscott, the
development of blockchain is
taking us from the internet of
information to the internet of
value. "By driving transaction
cost down between all parties and
businesses, it's going to have an
impact on every industry. That
means if you're a business leader
inside of an institution, you need
to pay attention to this."

specifically not a distributed
database, which resides in one or
more discrete locations. Although
multiple users may have access,
the database needs someone
to own and maintain it. Also,

Takeaway
s

"LOCKCHAIN IS A SECURE IMMUTABLE
ELECTRONIC LEDGER THAT CAN TRACK VIRTUALLY
ANYTHING OF VALUE )T ESTABLISHES TRUST
AMONG PARTIES VIA A TRANSPARENT CHRONOLOGICAL RECORD OF EACH TRANSACTION

s

7HEN APPLIED TO INDUSTRIES BLOCKCHAIN CAN REVAMP TRADITIONAL BUSINESS
PROCESSES )N THE GLOBAL SUPPLY CHAIN
BLOCKCHAIN COULD ELIMINATE BILLIONS
OF DOLLARS IN FRAUD ANNUALLY &OR REAL
ESTATE IT COULD EVENTUALLY REPLACE THE
NEED FOR TITLE INSURANCE .EW BUSINESS
MODELS COULD BE INTRODUCED IN INDUSTRIES LIKE ENERGY

s

4O SUPPORT THIS )"- IS COMMITTED TO
AN ENTERPRISE
GRADE BLOCKCHAIN PLATFORM AND APPLICATIONS LIKE THE (YPERLEDGER 0ROJECT

Blockchain 101
Initially developed to enable
the cryptocurrency bitcoin,
blockchain is an immutable
electronic ledger that's distributed
across multiple devices. It's

ibmsystemsmag.com MAY/JUNE 2017 // 19


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Table of Contents for the Digital Edition of IBM Systems Magazine, Mainframe - May/June 2017

Table of Contents
Editor's Desk: Blockchain's Assets
IBM Perspective: The Foundation for Trust in Blockchains
Infographic: Securing Your Blockchian: The details that matter
Techbits: Spurring Economic Growth in Africa
Partner PoV: Current Demand: Modernize environment and applications to stay competitive
R&D: Cognitive Conditioning: How IBM researchers use machine learning to make storage smarter
Cover Story: The Business of Blockchain: The ledger technology is set to streamline markets and transform industries
Feature: Added Security: IBM delivers additional protection for blockchain
Feature: Shared Information: Blockchain works with systems of record to integrate data
TECH Showcase: To Serve and Protect: IBM Lab Services for z Systems and LinuxONE helps clients stay vigilant against data hackers
Administrator: Logical Process: IBM CICS asynchronous API allows for more natural program creation
Solutions: Mainframe Operations Intelligence, CA Technologies; GIT for IBM z/OS, Rocket Software; SMA_RT Software V3.3.005, Type80 Security Software Inc.; Topaz for Total Test, Compuware Corporation
Stop Run: From Military to Mainframe: McLaughlin defies the odds with determination and hard work
Reference Point - Global Events, Education, Resources for Mainframe
2017 Mainframe Solutions Edition
IBM Systems Magazine, Mainframe - May/June 2017 - Intro
IBM Systems Magazine, Mainframe - May/June 2017 - Cover1
IBM Systems Magazine, Mainframe - May/June 2017 - Cover2
IBM Systems Magazine, Mainframe - May/June 2017 - 1
IBM Systems Magazine, Mainframe - May/June 2017 - Table of Contents
IBM Systems Magazine, Mainframe - May/June 2017 - 3
IBM Systems Magazine, Mainframe - May/June 2017 - 4
IBM Systems Magazine, Mainframe - May/June 2017 - 5
IBM Systems Magazine, Mainframe - May/June 2017 - Editor's Desk: Blockchain's Assets
IBM Systems Magazine, Mainframe - May/June 2017 - 7
IBM Systems Magazine, Mainframe - May/June 2017 - IBM Perspective: The Foundation for Trust in Blockchains
IBM Systems Magazine, Mainframe - May/June 2017 - Infographic: Securing Your Blockchian: The details that matter
IBM Systems Magazine, Mainframe - May/June 2017 - Techbits: Spurring Economic Growth in Africa
IBM Systems Magazine, Mainframe - May/June 2017 - 11
IBM Systems Magazine, Mainframe - May/June 2017 - Partner PoV: Current Demand: Modernize environment and applications to stay competitive
IBM Systems Magazine, Mainframe - May/June 2017 - 13
IBM Systems Magazine, Mainframe - May/June 2017 - R&D: Cognitive Conditioning: How IBM researchers use machine learning to make storage smarter
IBM Systems Magazine, Mainframe - May/June 2017 - 15
IBM Systems Magazine, Mainframe - May/June 2017 - 16
IBM Systems Magazine, Mainframe - May/June 2017 - 17
IBM Systems Magazine, Mainframe - May/June 2017 - Cover Story: The Business of Blockchain: The ledger technology is set to streamline markets and transform industries
IBM Systems Magazine, Mainframe - May/June 2017 - 19
IBM Systems Magazine, Mainframe - May/June 2017 - 20
IBM Systems Magazine, Mainframe - May/June 2017 - 21
IBM Systems Magazine, Mainframe - May/June 2017 - 22
IBM Systems Magazine, Mainframe - May/June 2017 - 23
IBM Systems Magazine, Mainframe - May/June 2017 - 24
IBM Systems Magazine, Mainframe - May/June 2017 - 25
IBM Systems Magazine, Mainframe - May/June 2017 - 26
IBM Systems Magazine, Mainframe - May/June 2017 - Feature: Added Security: IBM delivers additional protection for blockchain
IBM Systems Magazine, Mainframe - May/June 2017 - 28
IBM Systems Magazine, Mainframe - May/June 2017 - 29
IBM Systems Magazine, Mainframe - May/June 2017 - 30
IBM Systems Magazine, Mainframe - May/June 2017 - 31
IBM Systems Magazine, Mainframe - May/June 2017 - Feature: Shared Information: Blockchain works with systems of record to integrate data
IBM Systems Magazine, Mainframe - May/June 2017 - 33
IBM Systems Magazine, Mainframe - May/June 2017 - 34
IBM Systems Magazine, Mainframe - May/June 2017 - 35
IBM Systems Magazine, Mainframe - May/June 2017 - 36
IBM Systems Magazine, Mainframe - May/June 2017 - TECH Showcase: To Serve and Protect: IBM Lab Services for z Systems and LinuxONE helps clients stay vigilant against data hackers
IBM Systems Magazine, Mainframe - May/June 2017 - 38
IBM Systems Magazine, Mainframe - May/June 2017 - 39
IBM Systems Magazine, Mainframe - May/June 2017 - 40
IBM Systems Magazine, Mainframe - May/June 2017 - 41
IBM Systems Magazine, Mainframe - May/June 2017 - 42
IBM Systems Magazine, Mainframe - May/June 2017 - 43
IBM Systems Magazine, Mainframe - May/June 2017 - Administrator: Logical Process: IBM CICS asynchronous API allows for more natural program creation
IBM Systems Magazine, Mainframe - May/June 2017 - 45
IBM Systems Magazine, Mainframe - May/June 2017 - Solutions: Mainframe Operations Intelligence, CA Technologies; GIT for IBM z/OS, Rocket Software; SMA_RT Software V3.3.005, Type80 Security Software Inc.; Topaz for Total Test, Compuware Corporation
IBM Systems Magazine, Mainframe - May/June 2017 - 47
IBM Systems Magazine, Mainframe - May/June 2017 - Stop Run: From Military to Mainframe: McLaughlin defies the odds with determination and hard work
IBM Systems Magazine, Mainframe - May/June 2017 - Cover3
IBM Systems Magazine, Mainframe - May/June 2017 - Cover4
IBM Systems Magazine, Mainframe - May/June 2017 - Reference Point - Global Events, Education, Resources for Mainframe
IBM Systems Magazine, Mainframe - May/June 2017 - 2017 Mainframe Solutions Edition
IBM Systems Magazine, Mainframe - May/June 2017 - SE2
IBM Systems Magazine, Mainframe - May/June 2017 - SE3
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