Blockchain Networks: Token Design and Management Overview - February 2021 Blockchain technology has enabled a new software paradigm for managing digital ownership in partial- or zero-trust environments. It uses tokens to conduct transactions, exchange verifiable data, and achieve coordination across organizations and on the web https://www.nist.gov/publications/blockchain-networks-token-design-and-management-overview
Blockchain Networks: Token Design and Management Overview Published on the 1st February 2021 Blockchain technology has enabled a new software paradigm for managing digital ownership in partial- or zero-trust environments. It uses tokens to conduct transactions, exchange verifiable data, and achieve coordination across organizations and on the web. Fundamental to this representation is that users can independently control token custody in digital wallets through public-key cryptography and interact with one another in a peer-to-peer manner. Blockchain networks provide secure transaction reconciliation, linkage, and storage in consolidated, integrity-protected distributed ledgers forming mutually operated record-keeping execution environments. Data models [...]
The missing link between blockchains and enterprises Published on the 15th December 2020 While blockchains have seen a surge of development in recent years, it has been unclear what the adoption curve will look like for global enterprises that want to capitalize on this technology without rebuilding their existing systems from scratch. With the rapid advance of blockchain oracles—infrastructure that securely connects blockchains to external systems—enterprises and governments now have a universal gateway for interacting with the fast-growing blockchain ecosystem. The World Economic Forum, in collaboration with Chainlink, the industry-leading oracle solution, recently published a white paper, “Bridging the [...]
Bridging the Governance Gap: Dispute resolution for blockchain-based transactions Whitepaper Published on the 1st December 2020 Blockchain is a team sport – collaboration is needed to truly unleash the full potential and value of this technology. After a few years of proofs of concept, solutions are now set to be adopted at industry scale. The difficulties of scaling from proof of concept to industry-wide solutions have emerged as a top area of exploration – and a topic of much debate – in recent World Economic Forum publications and events, including Industry Strategy Meetings. Building on vital insights [...]
Bridging the Governance Gap: Interoperability for blockchain and legacy systems White paper Published on the 1st December 2020 In the last decade, blockchain and distributed ledger technologies (DLT) have generated tremendous interest and activity from developers, enterprises, venture capitalists, regulators, and users alike. The innovation of blockchain technology and smart contracts leads to an important question about how legacy digital systems, operated by enterprises, governments, and institutions will be impacted. Presently, the answers to this question have varied from one extreme (“all legacy systems will be replaced”) to the other (“DLT is too slow and unproven to [...]
Global Standards Mapping Initiative: An overview of blockchain technical standards Published on the 1st October 2020 As blockchain technology continues its evolution, calls for clarity surrounding technical, regulatory and governance models have grown louder. Decisions on these foundational elements will shape the trajectory and potential of the technology. However, there has been little work to catalogue and evaluate the current bedrock upon which the ecosystem can build, despite the increased activity in each of these arenas. As actors across the world construct innovative solutions to address society’s toughest challenges, a baseline is needed to facilitate impactful and [...]
Inclusive Deployment of Blockchain for Supply Chains: Part 6 – A Framework for Blockchain Interoperability Published on the 1st April 2020 Public and permissioned blockchains are now widely used for consumer-to-consumer (C2C) and business-to-business (B2B) data exchanges. In public blockchains, interoperability has been in development for many years – for instance, cross-chain, sidechains, proxy tokens, etc. However, a bigger challenge and, at the same time, a much bigger opportunity exists given interoperability among enterprise-grade permissioned blockchains. While still evolving, some solutions, such as trade finance platforms built under one jurisdiction, fail to realize the expected value, because [...]
Inclusive Deployment of Blockchain for Supply Chains Part 5 – A Framework for Blockchain Cybersecurity Published on the 1st December 2019 Many organizations and supply chain solutions are exploring blockchain and distributed ledger technology (DLT) to drive cost efficiency, better product offerings and new market creation. The extent to which this new technology realizes its potential for organizations greatly depends on how well supply chain actors steward its deployment and development. Due consideration should be given to the critical success factors of deployment. Security is an enabler, not a disabler. It is one of the foundations of [...]
Inclusive Deployment of Blockchain for Supply Chains: Part 4 – Protecting Your Data Published on the 1st September 2019 The deployment of blockchain and other distributed ledger technologies in supply chains offers considerable advantages. Nevertheless, their deployment and implementation can raise concerns about how best to both meet data protection laws and protect commercially sensitive data. Supply chain actors may be unwilling to take on what they perceive as additional legal risk, especially if data protection obligations become, or are seen to become, unduly burdensome. The European Union’s General Data Protection Regulation, for example, is at the [...]
Inclusive Deployment of Blockchain for Supply Chains: Part 3 – Public or Private Blockchains – Which One Is Right for You? Published on the 2nd August 2019 For supply chain organizations launching new blockchain projects, one of the most fraught considerations typically is whether to use a public or private ledger and what permission models. This decision affects functionality, security, compatibility with other stakeholders’ systems and, perhaps most important, competitive positioning for companies. It is important that supply chain decision‑makers can sort through the marketing hype to pick the best solution for their particular requirements. This paper explores [...]
