Welcome!

Java IoT Authors: Yeshim Deniz, Carmen Gonzalez, Zakia Bouachraoui, Pat Romanski, Liz McMillan

Related Topics: FinTech Journal, Java IoT, Linux Containers, Wearables, @CloudExpo, @DXWorldExpo, @ThingsExpo

FinTech Journal: Blog Feed Post

Identity of #Blockchain | @CloudExpo #BigData #IoT #DigitalTransformation

Keystone foundation for digital democracy and society

Blockchain Identity - Keystone Foundation for Digital Democracy and Society
By Neil McEvoy

As good Venn diagrams always show it's the intersection areas that offer the sweet spot for trends and markets, and an especially potent one is the intersection of Cloud computing, with the blockchain and also digital identity, particularly when considered within contexts such as Digital Democracy.

Given the diversity of each field alone there are multiple perspectives to this, more the start of a conversation rather than a definitive design.

Identity and the Blockchain Cloud
For example Blockstack offers this proposed definition of Blockchain Identity:

A blockchain identity (or blockchain ID) is a generic term used to refer to any identity on the blockchain. Users can have one blockchain identity or many and can register them just like one would register domain names or accounts on Facebook or Twitter.

Leveraging the blockchain for identifier functions is a very powerful dynamic, and is already being pioneered by ventures like Shocard.

Given the current Internet identity system, DNS, has been in use since the 1980's, these focus areas are smart and offer considerable benefits for all users.

For example Namecoin describes the modernizing role the blockchain could play, even accelerating performance as well as offering heightened levels of security.

BraveNewCoin writes about the ‘Blockchain Cloud‘, exploring further integration between the blockchain and the computing infrastructure of the Internet.

Blockchain Democracy
Another benefit Namecoin highlight starts to reveal the potential for the context of Digital Democracy:

Censorship-Resistance

With standard DNS, the digital phonebook can falsely claim "there's no website here"; this is what SOPA would have mandated in the U.S. Dot-Bit cannot easily be censored, for the same reasons that no one can easily prevent you from spending bitcoins.

In a previous blog I suggested Scotland should follow the lead of E-Estonia and implement ‘i-Voting' for their upcoming Independence referendum, so it's also clear to see immediate application areas, where the integrity of the transaction is of upmost importance to those using the system.

The ‘V-Initiative‘ is proposing exactly this, a new voting architecture based entirely around the integrity this technology offers, and further this leads us into the concept of ‘Blockchain Democracy‘, a concept that goes far beyond this simple but essential security function.

For example Australia is boasting an emergent, radical new political party called ‘Flux' which is also offering to bring it to life down under. Etherium offers you a guide on How to Build a Blockchain Democracy, leveraging the core principle of ‘DAO's (Decentralized Autonomous Organizations).

Probably the most comprehensive introduction is offered by the National Democratic Institute, describing What the Blockchain Could Mean for Democracy in the Digital Age. They cite already underway applications like, again, E-Estonia using the blockchain to enable more secure citizen signatures.

Disruption? Holy shit the whole world's gonna change. We have entered Very Interesting Times.

As Re:publica writes "the protocols & algorithm on the blockchain define the ‘constitution', the underlying crypto laws of our future crypto economy".

It's not one particular function that makes the blockchain so important, like a digital currency, but rather that it holistically enables an entire Digital Economy.

The post Blockchain Identity – Keystone foundation for Digital Democracy and Society appeared first on CBPN.

More Stories By Cloud Best Practices Network

The Cloud Best Practices Network is an expert community of leading Cloud pioneers. Follow our best practice blogs at http://CloudBestPractices.net

IoT & Smart Cities Stories
Never mind that we might not know what the future holds for cryptocurrencies and how much values will fluctuate or even how the process of mining a coin could cost as much as the value of the coin itself - cryptocurrency mining is a hot industry and shows no signs of slowing down. However, energy consumption to mine cryptocurrency is one of the biggest issues facing this industry. Burning huge amounts of electricity isn't incidental to cryptocurrency, it's basically embedded in the core of "mini...
The term "digital transformation" (DX) is being used by everyone for just about any company initiative that involves technology, the web, ecommerce, software, or even customer experience. While the term has certainly turned into a buzzword with a lot of hype, the transition to a more connected, digital world is real and comes with real challenges. In his opening keynote, Four Essentials To Become DX Hero Status Now, Jonathan Hoppe, Co-Founder and CTO of Total Uptime Technologies, shared that ...
Every organization is facing their own Digital Transformation as they attempt to stay ahead of the competition, or worse, just keep up. Each new opportunity, whether embracing machine learning, IoT, or a cloud migration, seems to bring new development, deployment, and management models. The results are more diverse and federated computing models than any time in our history.
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
Dion Hinchcliffe is an internationally recognized digital expert, bestselling book author, frequent keynote speaker, analyst, futurist, and transformation expert based in Washington, DC. He is currently Chief Strategy Officer at the industry-leading digital strategy and online community solutions firm, 7Summits.
Digital Transformation is much more than a buzzword. The radical shift to digital mechanisms for almost every process is evident across all industries and verticals. This is often especially true in financial services, where the legacy environment is many times unable to keep up with the rapidly shifting demands of the consumer. The constant pressure to provide complete, omnichannel delivery of customer-facing solutions to meet both regulatory and customer demands is putting enormous pressure on...
IoT is rapidly becoming mainstream as more and more investments are made into the platforms and technology. As this movement continues to expand and gain momentum it creates a massive wall of noise that can be difficult to sift through. Unfortunately, this inevitably makes IoT less approachable for people to get started with and can hamper efforts to integrate this key technology into your own portfolio. There are so many connected products already in place today with many hundreds more on the h...
The standardization of container runtimes and images has sparked the creation of an almost overwhelming number of new open source projects that build on and otherwise work with these specifications. Of course, there's Kubernetes, which orchestrates and manages collections of containers. It was one of the first and best-known examples of projects that make containers truly useful for production use. However, more recently, the container ecosystem has truly exploded. A service mesh like Istio addr...
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...