Connect with us

Security

Blockchain helps enterprises’ digital ecosystems in Asia-Pacific

Published

on

3 mins ago
Security

1 Views

Blockchain: it could be ten years before businesses start reaping the benefits of the technology
ZDNet’s Daphne Leprince-Ringuet says that after much hype, analysts say that blockchain technology is still a long way from wide scale deployment – and is currently too immature to deliver on its promises. Read more: https://zd.net/30Yvf1W

Blockchain solutions are maturing, yet speculation on their value is rife. Most business and technology decision-makers are still unclear about what actual business value this technology can deliver to their organizations. This is what I have been researching and writing about — to determine how enterprises can take a practical approach to adopting this technology and realizing business value.

Customer-centric enterprises now face two major challenges — rising customer expectations and a slowing economy — and have come to realize that they need to collaborate more with other players in the ecosystem to address this. Blockchain shows promise in helping firms collaborate, connect, and transact with known and unknown parties in a digital ecosystem. But what aspects of digital ecosystems have blockchain actually enabled? My research indicates that it comes down to two dimensions:

  • Ecosystem augmentation. Blockchain has been used in the Asia Pacific to improve collaboration with ecosystem partners and the operational excellence of those ecosystems. It has been used in areas like supply chain visibility, business process efficiency, and ensuring the authenticity of shared assets throughout the lifecycle.
  • Ecosystem expansion. Participants in blockchain-based digital ecosystems can transform how they operate and deliver value to customers, helping them establish partner ecosystems with companies in other verticals.

In my latest report, I also took a deep dive into four business cases, detailing how pioneering AP firms work with blockchain technology providers to drive the evolution and adoption of blockchain.

JD Cloud worked with JDD (the subsidiary of the JD Group focusing on digital technology) to transform the lifecycle management of asset-backed securities in China to protect investor benefits; Samsung SDS used blockchain to help digital banking in South Korea with integrated authentication; NTT DATA launched a trade consortium with leading Japanese firms to streamline the operation of international trade platforms, and its trial will go live this month (October 2019); and IBM has also worked with banks in Thailand to digitize letter-of-guarantee processes. All of these endeavors faced multiple challenges before adopting blockchain technology, which has helped address those issues and bring additional benefits.

Download Forrester’s complimentary guide to learn how and why Zero Trust is the best way to defend your business.    

This post was written by Charlie Dai, Principal Analyst and originally appeared here.

Source link


Check Also



EU asks all member states to carry risk assessment of 5G networks Europe wants tighter …



Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Security

The Five Pillars of (Azure) Cloud-based Application Security

Published

on

This 1-hour webinar from GigaOm brings together experts in Azure cloud application migration and security, featuring GigaOm analyst Jon Collins and special guests from Fortinet, Director of Product Marketing for Public Cloud, Daniel Schrader, and Global Director of Public Cloud Architecture and Engineering, Aidan Walden.

These interesting times have accelerated the drive towards digital transformation, application rationalization, and migration to cloud-based architectures. Enterprise organizations are looking to increase efficiency, but without impacting performance or increasing risk, either from infrastructure resilience or end-user behaviors.

Success requires a combination of best practice and appropriate use of technology, depending on where the organization is on its cloud journey. Elements such as zero-trust access and security-driven networking need to be deployed in parallel with security-first operations, breach prevention and response.

If you are looking to migrate applications to the cloud and want to be sure your approach maximizes delivery whilst minimizing risk, this webinar is for you.

Continue Reading

Security

Data Management and Secure Data Storage for the Enterprise

Published

on

This free 1-hour webinar from GigaOm Research brings together experts in data management and security, featuring GigaOm Analyst Enrico Signoretti and special guest from RackTop Systems, Jonathan Halstuch. The discussion will focus on data storage and how to protect data against cyberattacks.

Most of the recent news coverage and analysis of cyberattacks focus on hackers getting access and control of critical systems. Yet rarely is it mentioned that the most valuable asset for the organizations under attack is the data contained in these systems.

In this webinar, you will learn about the risks and costs of a poor data security management approach, and how to improve your data storage to prevent and mitigate the consequences of a compromised infrastructure.

Continue Reading

Security

CISO Podcast: Talking Anti-Phishing Solutions

Published

on

Simon Gibson earlier this year published the report, “GigaOm Radar for Phishing Prevention and Detection,” which assessed more than a dozen security solutions focused on detecting and mitigating email-borne threats and vulnerabilities. As Gibson noted in his report, email remains a prime vector for attack, reflecting the strategic role it plays in corporate communications.

Earlier this week, Gibson’s report was a featured topic of discussions on David Spark’s popular CISO Security Vendor Relationship Podcast. In it, Spark interviewed a pair of chief information security officers—Mike Johnson, CISO for SalesForce, and James Dolph, CISO for Guidewire Software—to get their take on the role of anti-phishing solutions.

“I want to first give GigaOm some credit here for really pointing out the need to decide what to do with detections,” Johnson said when asked for his thoughts about selecting an anti-phishing tool. “I think a lot of companies charge into a solution for anti-phishing without thinking about what they are going to do when the thing triggers.”

As Johnson noted, the needs and vulnerabilities of a large organization aligned on Microsoft 365 are very different from those of a smaller outfit working with GSuite. A malicious Excel macro-laden file, for example, poses a credible threat to a Microsoft shop and therefore argues for a detonation solution to detect and neutralize malicious payloads before they can spread and morph. On the other hand, a smaller company is more exposed to business email compromise (BEC) attacks, since spending authority is often spread among many employees in these businesses.

Gibson’s radar report describes both in-line and out-of-band solutions, but Johnson said cloud-aligned infrastructures argue against traditional in-line schemes.

“If you put an in-line solution in front of [Microsoft] 365 or in front of GSuite, you are likely decreasing your reliability, because you’ve now introduced this single point of failure. Google and Microsoft have this massive amount of reliability that is built in,” Johnson said.

So how should IT decision makers go about selecting an anti-phishing solution? Dolph answered that question with a series of questions of his own:

“Does it nail the basics? Does it fit with the technologies we have in place? And then secondarily, is it reliable, is it tunable, is it manageable?” he asked. “Because it can add a lot overhead, especially if you have a small team if these tools are really disruptive to the email flow.”

Dolph concluded by noting that it’s important for solutions to provide insight that can help organizations target their protections, as well as support both training and awareness around threats. Finally, he urged organizations to consider how they can measure the effectiveness of solutions.

“I may look at other solutions in the future and how do I compare those solutions to the benchmark of what we have in place?”

Listen to the Podcast: CISO Podcast

Continue Reading

Trending