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How can I commercially market my data and how to benefit of sharing my data amongst other parties in my business network?
Sharing all relevant asset lifecycle data and transactions amongst business networks and thus proving provenance. You can benefit from sharing that same data while being in control who can have access to the ledger. For instance granting access to supply chain partners to relevant asset data while giving them the ability to add logistical, legal and customs information to the ledger leads to an immutable chain of data. This will lead to transparent and disclosed reliable information about your business footprint.
How do I create a trusted network amongst parties involved and who is in ownership of specific data parts that reflects single immutable truth?
Blockchains open up the world of possibilities for solving problems that have plagued us for many years. It breaks down to being able to create distributed consensus between mutually distrustful parties, in many ways. It also allows us to create an instantaneous single source of truth.
Granting access to supply chain partners to relevant asset data while giving them the ability to add logistical, legal and customs information to the ledger leads to an immutable chain of data. This will lead to transparent and disclosed reliable information about your business footprint.
Which party involvements and roles can we define in creating, storing and trusting data within the business network?
A blockchain channel is a private “subnet” of communication between two or more specific network members, for the purpose of conducting private and confidential transactions. A channel is defined by members (organizations), anchor peers per member, the shared ledger, chaincode application(s) and the ordering service node(s). Each transaction on the network is executed on a channel, where each party must be authenticated and authorized to transact on that channel. Each peer that joins a channel, has its own identity given by a membership services provider (MSP), which authenticates each peer to its channel peers and services
Today the ownership registration is in most cases done highly decentralized – property is registered with the respective city, the ownership of engines, cars, yachts or planes is often not registered with an authority but stated in papers or physical certificates. Within this application the property right is certified to the owner/user. After registering the asset the owner of a high-value asset can prove his/her ownership to relevant parties: I. e. potential buyers of the asset, banks in case the asset is supposed to be pledged as collateral, police in case of theft.
Which network involvements and roles can we define in creating, storing and maintaining data and which parties are managing access security to this data?
Blockchains use a distributed ledger built by all participants. Blockchains shift the paradigm from information held by a single owner to the lifetime history of an asset or transaction distributed across multiple participants in a business network. nstead of messaging-based communications, the new paradigm is statebased. Blockchain Smart Contracts incorporate business rules for the automation of the transactions.
Which technology and underpinning technical infrastructure can provide a solution for strengthening our business network?
Hyperledger is an open source effort created to advance cross-industry blockchain technologies. It’s a global collaboration hosted by The Linux Foundation that encompasses various industries and organizations worldwide. You may think of Hyperledger as an operating system for marketplaces, data sharing networks, microcurrencies, and decentralized digital communities. A shared goal is to significantly reduce the cost and complexity of doing business. Hyperledger blockchains are permissioned blockchains, which means that the parties that join the network are generally authenticated via an identity module. Essentially, Hyperledger blockchains are specifically designed to be enterprise solutions.
Hyperledger provides all the capabilities of blockchain architecture, data privacy, information sharing, immutability, with a full stack of security protocols, all for the enterprise.
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