IBM Vice President for Blockchain Technologies Jerry Cuomo lately testified earlier the Commission on Enhancing National Cybersecurity on how the blockchain tin do goodness transactions, eWeek reports.
Cuomo is persuaded that the engineering scientific discipline could potentially elbow grease a tectonic shift inward the vogue fiscal systems are secured as well as that government, engineering scientific discipline companies as well as industries should piece of job together to advance blockchain engineering scientific discipline to lift national security.
The Commission on Enhancing National Cybersecurity, announced inward April, is tasked amongst making detailed recommendations on actions that tin hold out taken over the adjacent decade to lift cybersecurity awareness as well as protections throughout the person sector as well as at all levels of government, to protect privacy, to ensure populace security as well as economical as well as national security, as well as to empower Americans to accept meliorate command of their digital security. Sam Palmisano, old CEO of IBM, is the commission’s vice-chair.
President Barack Obama issued Executive Order 13718 to constitute the committee inward February. The executive lodge tasked the National Institute of Standards as well as Technology (NIST) to render the committee amongst such expertise, services, funds, facilities, staff, equipment as well as other back upward services necessary to bear out its mission.
“The Commission volition brand detailed short-term as well as long-term recommendations to strengthen cybersecurity inward both the populace as well as person sectors, acre protecting privacy, ensuring populace security as well as economical as well as national security, fostering regain as well as evolution of novel technical solutions, as well as bolstering partnerships betwixt federal, dry soil as well as local authorities as well as the person sector inward the development, advertisement as well as usage of cybersecurity technologies, policies as well as best practices,” notes the official commission websiteat NIST.
The committee held an opened upward meeting on May xvi inward New York City. Cuomo’s statement, which appears inward the Panelist Statements document issued past times the commission, is republished inward the IBM Think weblog amongst the championship “Blockchain: Securing the Financial Systems of the Future.”
Cuomo noted that lxxx years agone a public-private partnership betwixt the the U.S.A. authorities as well as IBM created the Social Security system, which was the near advanced fiscal organisation of the time. “Today, equally fiscal transactions larn increasingly digital as well as networked, authorities as well as manufacture must ane time once to a greater extent than combine forces to brand the fiscal systems of the futurity to a greater extent than efficient, effective as well as secure than those of the past,” he said.
A like partnership betwixt authorities as well as industry, centered on innovative applications of distributed ledger technology, could lift national security. Cuomo is persuaded that the authorities has a key move to play inward funding blockchain query as well as providing official identity certification services for the emergent blockchain economy. In particular, according to the IBM executive, the NIST should define standards for interoperability, privacy as well as security, as well as authorities agencies should larn early on adopters of blockchain applications.
Cuomo identifies iv key priority areas for government-supported developments inward distributed ledger engineering scientific discipline for national security: a novel identity management organisation able to render robust proof of identity; automatic systems able to rails changes made to information as well as verify information provenance amongst fourth dimension stamps as well as annotations; secure transaction processing; as well as a blockchain-based organisation to securely as well as confidentially part news on cyber-threats as well as cyber-terrorism.
“We demand to do a novel social compact, where business, amongst input from government, architects the futurity of fiscal services,” concluded Cuomo. “We at IBM await frontward to working amongst our partners inward government, manufacture as well as academia to larn this done.”
Of course, Cuomo defended IBM’s positions on electrical current distributed ledger issues as well as evolution prospects. After bashing the “public enemy” Bitcoin for its openness, anarchy as well as potential for anonymity, Cuomo defended the “permissioned blockchain” approach favored past times IBM as well as other major manufacture players.
“Blockchain came to prominence because it’s the pith engineering scientific discipline underlying the infamous Bitcoin cryptocurrency, but, acre Bitcoin is an anonymous network, industries as well as authorities agencies are exploring the usage of blockchain inward networks where the participants are known,” said Cuomo. “We telephone telephone this a ‘permissioned blockchain.’”
IBM is a premier fellow member of Linux Foundation’s Hyperledger Project, a collaborative essay started inward December to establish, construct as well as sustain an opened upward ‒ only “permissioned” ‒ non-Bitcoin blockchain. In February, Bitcoin Magazine reported that IBM is making tens of thousands of lines of code available to the Hyperledger Project. In April, IBM announced novel cloud services based on the company’s Hyperledger code as well as Bluemix, IBM’s cloud Platform equally a Service (PaaS).
“IBM is playing a fundamental move inward the evolution of a permissioned blockchain,” said Cuomo. “We’re a founding fellow member of the Linux Foundation’s open-source Hyperledger Project, where we’re helping to construct the foundational elements of business-ready blockchain architecture amongst a focus on privacy, confidentiality as well as auditability. We receive got joined consortia that are developing industry-specific blockchain implementations. And we’re pioneering the usage of blockchain inward our ain operations.”
The ship service IBM: Government as well as Blockchain Sector Should Work Together to Enhance National Security appeared commencement on Bitcoin Magazine.
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