Thunderhawk: HUMONGOUS !!!!! See article below)
BACKDOC: THUNDER THIS MAY BE WHEN THE FED COMES OUT OF THE DIGITAL CLOSET TO OWN UP TO THE NEW REALITY WHICH THEY ARE ABOUT TO MAKE REALITY! HEE HEE
ISN'T IT INTERESTING THAT THEY COMPLETE THIS SPEECH ON THE DAY OF COMPLETION, THE 7TH! MMMM
WELL, WELL, THUNDER WE KEEP TRYING TO SHARE WITH THE FAMILY THAT REGULAR CURRENCY IS NOT THE SAME THING AS ASSET-BACKED DIGITAL CURRENCY!
THE TWO ARE NOT COMPATIBLE IN ANY WAY WHICH IS WHY CLS HAS CREATED A CONVERSION PROCESS TO THE FOREX PLATFORM!
CURRENTLY THEY STILL HAVEN'T OWNED UP FROM WHERE THE DIGITAL PLATFORM EXISTS FOR THESE CURRENCIES OR WHERE THEY ARE TRADING GOVERNMENT TO GOVERNMENT!
JUST LIKE AC CURRENT IS NOT COMPATIBLE TO DC CURRENT, A CONVERSION IS REQUIRED UNTIL YOU GO COMPLETELY DIGITAL.
WE KNOW BASED ON OUR STUDIES WHAT IS ACTUALLY HAPPENING! THEY ARE DOING THE BUILD OUT NOW!
THUNDER WILL NOW SHARE A BIT MORE WITH YOU!
LETS GET DIGITAL, DIGITAL! DOC IMO
Thunderhawk: Federal Reserve Governor to Address Blockchain in New Speech
Federal Reserve board member Lael Brainard is scheduled to issue new remarks on blockchain technology later this week.
On 7th October, Brainard will speak at the Institute of International Finance Annual Membership meeting, where he is expected to address blockchain in the context of the US central bank's larger, ongoing study on electronic payments.
The news coincides with broader efforts by global central banks to better understand the technology, with institutions including the De Nederlandsche Bank, the Monetary Authority of Singapore and the Bank of England.
Notably, the speech won't be the first time Brainard has addressed the subject, following a prior speech in April in which she advocated that regulators seek to understand the potential benefits of the technology before taking further action.
At the time, Brainard pushed for blockchain innovators to be mindful of interoperability as well, warning that "highly fragmented" systems could be built should the industry environment become too competitive.
ThunderHawk: WELL, THERE YOU HAVE IT FOLKS THE ANNOUNCEMENT IS NOW OFFICIAL !!!!
BACKDOC: THUNDER, FIRST LETS REVIEW FROM PREVIOUS ARTICLES.
REMEMBER THAT OZ (MAS) SAID HE WOULD COMPARTMENTALIZE THE INTERNET SO AS TO CREATE IMPROVED SECURITY. THE INTERNATIONAL PAYMENT SYSTEM IS IN ITS OWN SECTION WHICH THEY CALL A SANDBOX!
WE ALSO KNOW THAT WHEN PAYMENTS ARE MADE CROSS BORDER OR FROM COUNTRY TO COUNTRY THEY USE CLOUD BASED DIGITAL BLOCKCHAIN TECHNOLOGY ON THE CIPS SYSTEM!
WE ALSO KNOW THAT THE SWIFT IS INTEGRATING WITH THE CIPS BUT WITH DIGITAL UPGRADES. MAJOR AREAS OF THE COUNTRY WILL HAVE NODES WHICH WILL ROUTE TO MAJOR BANKS AND AUTHORIZED CENTERS.
NOW WE SEE ANOTHER SAND BOX BEING CARVED OUT OF THE INTERNET TO BE USED FOR INDUSTRIAL PURPOSES. I ESPECIALLY LIKE THE TRADE AND SHIPPING PART! HEE HEE
BLOCKCHAIN TECHNOLOGY MATHEMATICALLY MONITORS TRANSACTIONS OR TRANSACTIONAL BEHAVIORS LIKE PROFILING A PERSONS BEHAVIOR!
ALGORITHMS HELP BLOCKCHAIN DO THIS WHICH IS HOW FRAUD OR CORRUPTION CAN VERY EASILY BE DETECTED!
THIS NEW INNOVATION IS JUST ONE AMONG MANY INNOVATIONS THAT THE TPP IS TRYING TO PROTECT FROM THEFT BY COUNTRIES THAT WANT TO COPYCAT AND STEAL OUR INNOVATION! THAT IS THE GOOD PART OF TPP! OF COURSE WE DON'T LIKE THE SOVEREIGNTY ISSUES!
NOW TO PUT A COMPLICATED SUBJECT INTO PERSPECTIVE THUNDER!
FOR ALL THE STAR TREK FANS WE ALL REMEMBER THE BORG DON'T WE? RIGHT!
THESE HALF HUMAN AND HALF MACHINES WERE ABLE TO COLLECT DATA FROM THE WHOLE "COLLECTIVE AS THEY WERE CALLED" OVER TIME AND WOULD BE ABLE TO ANALYZE THE DATA USING THEIR ARTIFICIAL INTELLIGENCE.
ONCE THEY ACCUMULATED THE DATA THEY ONLY INCREASED THEIR KNOWLEDGE BASE WHICH MADE THEM SUPERIOR. THEY COULD DETECT ANYTHING THAT WAS WRONG OR OUT OF PLACE AND NEUTRALIZE IT IMMEDIATELY. TO SOME EXTENT THIS IS VERY SIMILAR TO THE BORG! HOPE THE ANALOGY IS HELPFUL!
THIS NEW TECHNOLOGY MAY BE THE BIGGEST COST SAVINGS TO HEALTHCARE IN THE WORLD CONTRIBUTING TO PREVENTING FRAUD AND ABUSE! THAT'S JUST FOR STARTERS HOW DIGITAL WILL CHANGE YOUR WORLD! DOC IMO
Thunderhawk: GE and Ericsson launch KSI Blockchain based Cloud Assurance for the Industrial Internet
Guardtime today announced that its KSI Blockchain service is now available on GE Predix Cloud, the world’s first and only cloud solution designed specifically for industrial data and analytics within a high security cloud environment.
The blockchain is accessed through a microservice within GE Predix, ready to be deployed within applications across GE’s business units including Health-care, Oil and Gas, Energy, Power and Water, Aviation and Transportation.
DARPA Contract on Formal Methods Verification
Mike Gault, CEO of Guardtime said “Guardtime Federal’s recent contract with DARPA shows the importance that security thought leaders are placing on blockchain technology as a security mechanism for connected devices and we are thrilled to see our KSI blockchain available on GE Predix.
Given that McKinsey estimates the cost of ineffective cybersecurity to rise to three trillion dollars by 2020, along with the prediction that the Industrial Internet will have five to ten times the impact on society as the Internet itself then security cannot be an afterthought.
Integrating blockchain services into GE’s industrial Internet will provide a level of security and integrity that has not been possible to date providing mathematical certainty that connected devices have not been compromised”
The blockchain value propositions for the Industrial Internet include:
Warranty Claims Management: The integration of Guardtime’s KSI Blockchain enables product manufacturers and insurers to have a complete and accurate picture of software and hardware warranty validity at any point in time.
Liability Management: In the event a connected device behaves in an unexpected manner Guardtime’s KSI Blockchain provides mathematical proof of what happened when. With that certainty liability can be attached and claims can be automated.
Software Supply Chain: End-to-end management of the software supply chain for device firmware and software. With blockchain-based supply chain enablement it becomes possible to trace the provenance of every software and firmware component on a device, back through software build, compilation, and code updates from developers.
Sensor Data Provenance: An end to end audit for the lifetime of the data generated by devices through sensor fusion, ingest and analytics across data lakes hosted in different environments administered by different organizations.
Chip Level Authentication: Guardtime’s partnership with Intrinsic-ID combines SRAM PUF (Physical Uncloneable Function) and the KSI Blockchain such that devices can be registered into the blockchain, providing scalable data integrity and authentication down to the chip level.
Security Operations: Continuous monitoring of in-device firmware, software and configuration parameters triggering alerts in the event of malicious or out of policy updates.
Health Care, Health Care, Health Care
"Just yesterday Johnson & Johnson warned over 100,000 diabetes patients of a flaw in their insulin pumps, marking the first time that a medical device manufacturer has publicly announced a cyber security problem with a product. This trend will only continue and the security industry cannot continue to try and retrofit in security after the fact. Deploying blockchain as a security mechanism represents a completely fresh approach, one which is designed from first principles to guarantee the security of connected devices,” added Gault.
Guardtime has recently announced partnerships with the Estonian Government, securing over 1M health-care records with blockchain technology, Lifetrack Medical Systems for liability management in tele-radiology and is working with DU Telecom in the UAE on various health-care initiatives.
Matthew Johnson, CTO of Guardtime said, “Health-care fraud in the United States is measured in the tens of billion dollars every year. In Estonia it is approximately zero. Our vision is to see blockchain technology widely deployed throughout the pharma, medical device and health-care industries providing end to end auditability and helping dramatically reduces the costs of health-care fraud.
As customers migrate to the GE Predix platform blockchain functionality will be available for application developers to leverage through microservices, greatly simplifying blockchain integration.”