IBM Systems Magazine, Mainframe - May/June 2017 - 22

Removing
Real Estate Risk
For another example, look
to the real estate market.
The title industry exists to
ensure that a property title is
clear before an asset is sold.
If a real estate blockchain is
established, it could contain full
chain-of-ownership information
for any property included, and
make that data immediately
accessible to any device on the
blockchain. Over time, it could
conceivably eliminate the need
for title insurance.
The model can be extended
into the mortgage business. From
a banking standpoint, writing
mortgages is an exercise in risk
management. Much of that risk
consists of an applicant's ability
to repay, but some of it is also
based on the accuracy of the
information itself. If a blockchain
for banking connects with one
for business and government, the
process of writing and qualifying
for a mortgage becomes easier
and cheaper. Full information
from salary to bank balance to
home address is all available, not
just as a one-time snapshot pulled
from disparate sources but as an
unbroken history harvested from
a single location in near-real-time.
"If you have a blockchain that
tracks back source data, then you

suddenly have the ability to be
much more specific about how
much of the risk is actually due
to the probability that this person
will repay and how much of it is
just noise," McDermott notes. "A
big part of what blockchain does
is take away the need for these
intermediaries that create trust
and allow that trust to happen
in a much cheaper, faster and
cleaner way."

Energy, Transformed
Blockchain technology presents
a number of future possibilities
for revamping the energy
industry, as outlined by Frost
& Sullivan (bit.ly/2nhxSfi). The
capability to establish trust and
facilitate transactions among
members of a distributed ledger
opens the way to decentralized
energy generation. Individual
homeowners with solar arrays
could sell power back to the grid
or to other users in a trustworthy
way. The transparency of
blockchain simplifies the award
and distribution of renewableenergy credits. The technology
even streamlines collecting and
managing data from industrial
Internet of Things nodes. All
three of these approaches have
the potential to increase the
efficiency of energy operations
and reduce costs, while

22 // MAY/JUNE 2017 ibmsystemsmag.com

introducing new business
models.

Platform Matters

ยจ

Yearly cost
of global
supply-chain
fraud in the food
industry is

$10 billion
to

$15 billion

In order for blockchain to
deliver on its promise, it must
be available in enterprise-grade
form. According to IBM, that
means starting with a highly
secure implementation allowing
levels of permissioning. (Read
about how IBM is creating extra
layers of security for blockchain
ledger technology on the
z Systems* platform in "Added
Security," page 26.) It should
be based on an open standard
so that individual blockchains
are interoperable. But it should
also be open source because
the scale of the problem is too
large for any one company to
address effectively. Lastly, an
enterprise-grade version needs
open governance, so that the
rules guiding the development
and maintenance of the code
are consensus-driven and
not established by a single
individual or entity.
In support of this goal, IBM is
making a significant commitment
to the development of an
enterprise-grade blockchain
platform, as well as industryspecific applications (see "The
Hyperledger Project," page 20).
These are important initiatives,


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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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