Over the course of 2022 and 2023, The OODA Loop Blockchain Series has explored blockchain disruption in the market and new opportunities created by blockchain technologies in both the public and private sectors. Innovative blockchain technology efforts (by industry sector) – with a focus on how the blockchain enables new business models, opportunities for innovative value proposition design, and decentralized governance – are listed here.
Industry sectors include:
- The Financial Sector and Monetary System
- The Technology Sector (Semiconductor Subsector)
- The Automotive Sector and the Future of Mobility
- The Bioeconomy, Biotechnology, and Healthcare
The OODA Loop Blockchain Series
Innovative Blockchain Technology Efforts (by Industry Sector)
The Financial Sector and Monetary System
The Nerve and Capillary System of the Global Fiat Currency Standard – SWIFT – Explores Blockchain and Crypto: A detailed explanation of SWIFT (The Society for Worldwide Interbank Financial Telecommunication), its relation to the fiat currency standard – along with an update on SWIFT’s blockchain pilot efforts.
The GAO on the Future of Blockchain in Finance: We continue our series on the Future of Blockchain with the adrenaline rush that is a U.S. Government Accountability Office (GAO) report on Blockchain in Finance:Legislative and Regulatory Actions Are Needed to Ensure Comprehensive Oversight of Crypto Assets. Joking aside, while GAO reports are in fact some of the drier fare that crosses our desk in the course of our research, this report is a window into the current thinking on U.S. regulation of the blockchain – and, for that, its clarity and straightforwardness is of value and worth a review. This post is designed as a baseline assessment of how the incumbent financial regulators are thinking about blockchain in the financial systems – which will inform the growth of global, financial and monetary systems based on blockchain as an official global fiat currency system, with blockchain-based capture of value and transfer of value architectures. We continue to ask: What will be the role of U.S. regulation in this future system?
The Canton Network: Institutional Blockchain Interoperability in the Financial Services Sector: Any product launch which has a tagline “The Exponential Power of Connection” would, of course, catch our research eye. The Canton Network is the platform behind this bold “exponential” marketing message: “A new partnership between financial giants, tech behemoths, media monsters, and leaders in digitization just announced plans to launch what they call Canton. What is Canton?… The Canton Network says it is “the industry’s first privacy-enabled interoperable blockchain network designed for institutional assets and built to responsibly unlock the potential of synchronized financial markets.” The announcement describes the Canton Network as building toward being an interoperable blockchain with privacy features designed for the institutional asset management industry. It aims to allow “previously siloed” financial assets to synchronize, making it possible to interconnect diverse financial markets.
The Technology Sector (Semiconductor Subsector)
Seminconductor Manufacturing and Next-Gen Blockchain as a Service: The semiconductor sub-vertical of the technology industry has largely been on the sidelines during the early phase of blockchain innovation, but the technology has always been of interest to the industry because of the potential for increased chip revenue based on bitcoin, crypto, and blockchain deployments. Inspired by some of the insights from the McKinsey report (which was specifically about the potential of blockchain business applications for semiconductor suppliers), the following is a compilation of blockchain business applications that may create new value propositions and operational efficiencies for the semiconductor manufacturing supply chain.
The Automotive Sector and the Future of Mobility
The Future of AI and Blockchain-based Data Accessibility, Exchanges and Marketplaces: The automotive and mobility subsectors have provided case studies that are a window into the promise of blockchain technologies. Two years ago, Ocean Protocol delivered an AI-based decentralized data exchange pilot to their collaborator Daimler South East Asia. Based on that pilot, the Mercedes Benz Group recently started production of the proprietary Acentrik blockchain platform. The Ocean Protocol should be on your radar – and the Acentrik platform is worth a closer look.
Blockchain Technologies in The Bioeconomy, Biotechnology, and Healthcare
The Future of Blockchain Technology in Synthetic Biology: Synthetic biology is a field that involves the engineering of biological systems to create new organisms or modify existing ones for various applications, such as healthcare, agriculture, and industrial processes. We continue our efforts to understand the risks and opportunities in this exponential industry sector by taking a look at the role blockchain technology will play in synthetic biology, particularly in areas related to data management, security, and collaboration.
The YouBase Case Study – Managing Genetic and Health Data on the Blockchain: Opportunities for advantage will be created by the exponential disruption of the industrial base (including that of defense) coupled with exponential biotechnology innovation to build the bioeconomy of the future. We contiue our efforts to understand the risks and opportunities in this exponential industry sector by taking a look at a seminal case study by the Blockchain Research Institute on the future of patients owning and controlling their medical data – all on the blockchain.
Blockchain Meets Bio: The Recent Synthetic Biology Summit and Sustainable Biomanufacturing for Future Network States: In this post, we take a look at the recent 2023 Global Synthetic Biology Conference and the Synthetic Biology Summit: “Blockchain Meets Bio” – Sustainable Biomanufacturing for Future Network States.
Blockchain-enabled Digital Self-Sovereignty – Patients will be Able to Sell Healthcare Data via Blockchain-based Exchange: We recently took a look at a plan to build a SaaS-based marketplace where patient information is structured for sale to researchers by way of a blockchain exchange. Our reporting and analysis are based on an initial report by Lucas Mearian over at Computerworld, as well as direct announcements and project details from the companies that have partnered on the project.
Additional OODA Loop Resources
The Future of Blockchain Security, National Security, Cybersecurity, and Health Security: The OODA Loop Blockchain Series includes case studies of blockchain security initiatives and cybersecurity incidents. We tracked down the best-in-class research efforts and subject matter experts to explore how they are “framing and naming” the formative issues around blockchain security, including the national security, cybersecurity, and health security promise and peril.
On Trust and Zero Trust: New Paradigms of Trust, Designing Trust into Systems, and Trustworthy AI: The future of trust is a broad research theme at OODA Loop, overlapping with topics like the future of money (ie. the creation of new value exchange mechanisms, value creation and value storage systems – and the role trust will play in the design of these new monetary systems). Likewise, notions of trust (or lack thereof) will impact the future of Generative AI, AI governance (i.e. Trustworthy AI) and the future of autonomous systems and exponential technologies generally. This post is a compilation of OODA Loop Original Analysis and OODAcast conversations concerned with trust, zero trust and trustworthy AI.
The Future of the Internet, Trust and Web3: Data and Digital Sovereignty Versus Digital Self-Sovereignty: Charles Clancy, Chief Futurist at MITRE, and his co-authors of a recent report – “Democratizing Technology: Web3 and the Future of the Internet” – provide the best framing of a “robust and decentralized, democratized alternative to the existing technology stack” and “the establishment and advancement of alternative technological paradigms to protect the public interest by making authoritarian misuse difficult or impossible.”
For additional OODA Loop News Briefs And Original Analysis on Blockchain Technologies, see OODA Loop | Blockchain
