NEEDHAM, Mass.--(BUSINESS WIRE)--The Cloud Standards Customer Council™ (CSCC™) has published a new cloud reference architecture for creating blockchain applications. Cloud Customer Architecture for Blockchain is available for download at: http://www.cloud-council.org/deliverables/cloud-customer-architecture-for-blockchain.htm.
Blockchain technology, at its core, features an immutable distributed ledger and a decentralized network that is cryptographically secured. A blockchain is a historical record of all the transactions that have taken place in the network since the beginning of the blockchain. The blockchain serves as a single source of truth for the network.
Blockchain technology has the potential to have a major impact on how institutions process transactions and conduct business. It has the potential to reduce operational costs and friction, create transaction records that are secure and immutable, enable transparent ledgers with nearly instant updates, and open up new opportunities for growth.
Key sections of the CSCC’s whitepaper include:
• Blockchain fundamentals
• Key characteristics of a blockchain network
• Blockchain reference architecture capabilities
• An example supply chain scenario
• Cloud deployment considerations
• Specific examples of blockchain applications
Authors from the CSCC will host a complimentary webinar on July 18 from 11:00am – 12:00pm ET to introduce the paper. Event details are posted on the CSCC’s website at www.cloud-council.org/events.
About the Cloud Standards Customer Council
The Cloud Standards Customer Council™ (CSCC™) is an end-user advocacy group dedicated to accelerating the cloud’s successful adoption and drilling down into the standards, security and interoperability issues surrounding the transition to the cloud. The CSCC is chartered to work with standards development organizations (SDOs), open source groups, and end user organizations to publish vendor-neutral guides on important cloud computing topics. The guides are distributed to industry members to highlight customer requirements, influence standards development, and advance the adoption of cloud computing. The CSCC is managed by the Object Management Group® (OMG®), a non-profit IT standards organization. For more information, visit www.cloud-council.org.
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