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Rethinking Trust, Reshaping Industries: The Alliance Implications of Blockchain Technology as Seen Through the Eyes of IBM and ChromaWay

Posted By Cynthia B. Hanson , Tuesday, October 16, 2018

IBM’s blockchain ledger solution has been gaining ground over the past year through extensive partnering. Much like a team sport, “the only way blockchain works is by participants in an ecosystem working together,” says Janine Grasso, vice president, blockchain strategy and ecosystem development, IBM Industry Platforms. Grasso was interviewed early in the year about blockchain technology for the Q1 2018 Strategic Alliance Magazine in the article “’An Exponential Adoption Curve’: The Changing Face of Data Security in Partnering”. When the article was first published, IBM had 40 to 50 active blockchain networks. That number has increased to 75 live networks solving industry-wide blockchain problems. Grasso will be discussing the implications of blockchain technology with co-speaker Todd Miller, CA-AM, vice president, US business development, ChromaWay, in the session “Rethinking Trust on the Blockchain: Partnering and Alliance Implications” at the 2018 ASAP Tech Partner Forum, “Reimaging Part­nering in a Disruptive World,” on October 17, at the Four Points by Sheraton, San Jose Airport, San Jose, California. In a recent interview, I asked Grasso about the core of the upcoming session.

ASAP Media: You are presenting with Todd Miller. What do the two of you plan to focus on?

Janine Grasso: We come from two very different perspectives. But we agree on how much blockchain will change all industriesand not just the ones most talked about, such as finance and supply chain. We’re both asking: “What role can we play to help partners do that?” We’re both trying to equip alliance managers and partners. This session is not just about reselling technology. It’s about applying tech across all industries; bringing together players that traditionally compete. We will go through our different backgrounds and points of view. We’ll discuss the problems around this new era and the world as it is today with blockchainthe same old problems that are slowing [the progress of] blockchain down, such as lack of trust, data disruption, and business disruption. And competitorsone start-up, like Über, can completely change the game in an industry.

Being able to leverage this new tech to reshape your industry is the punch line. We’ll go into what blockchain does and the capabilities of blockchain. We will round off the conversation with real-life examples and a discussion on how, exactly, companies across many different industries are applying the technology. How they also are breaking down the barriers that have existed for hundreds of years. And we’ll discuss music and royalty rights, talk about identity, food safety and the IBM Food Trust solution, and then go into the role of the alliance manager and how they can facilitate blockchain options.

So there are strong alliance implications with blockchain?

The true design of blockchain is the industry players or ecosystem coming together and bringing it to life. Blockchain is not singular. The only way it works is with participants in an ecosystem working together, so it’s very much a team sport.

The session description states you will cover technologies that “facilitate decentralized data sharing and secure transactions [that] will accelerate new business models beyond even Über, Spotify, and Airbnb.” Can your provide an example of a new business model?

Blockchain ingrains the trust in every transaction along its journey. In the case of a farmer and a distributor, it becomes transparent exactly where the food item came from: the genesis, authenticity of that product, and exposure to any contamination. The data explosion will continue and remain because of your digital ecosystem, and everything has that digital footprint now. You can encrypt information by attaching it in a blockchain. You only have to take elements that are necessary. That alleviates concerns around datait gives the security and data protection required and only uses crucial data in the blockchain. One example of a new business model is with Everledger, which uses blockchain in the diamond industry. There is traditionally a lack of trust and authenticity about where diamonds come from. Blockchain can now provide that information and verify its authenticity.

What is the No. 1 question you expect to hear in the Q&A session?

How do I get started? How can IBM help small and large companies convene a network because of its large ecosystem and client base? How do I participate? I suspect we will hear a lot of question about alliance management.  

Stay tuned for more of the ASAP Media team’s coverage of the 2018 ASAP Tech Partner Forum on the ASAP Blog at www.strategic-alliances.org. Learn more and register for the 2018 ASAP Tech Partner Forum at http://asaptechforum.org

Tags:  Alliance  alliance management  Blockchain  ChromaWay  data protection  Data Security  ecosystem  encrypt information  IBM  Janine Grasso  Partnering  Todd Miller 

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Q1 2018 Strategic Alliance Magazine: The Changing Face of Data Security in Multi-partnering; Insights from Genpact’s Donna Peek; Global Alliance Summit Preview; Happy 20th, ASAP!

Posted By Cynthia B. Hanson, Monday, March 12, 2018
Updated: Saturday, March 10, 2018

Is your company risking underinvestment in data security during a time of major digital transformation? That’s one of the big questions posed in the 2018 Q1 Strategic Alliance Magazine, which is packed with information on emerging security trends that impact today’s evolving multi-industry, multi-partnering ecosystem. “The amount of digital disruption that is occurring—whether in IoT sensors, new business models, the amount of data being produced every day, and the introduction of the cryp­tocurrencies—is creating unlimited opportunities for threat factors … that bad actors can attack,” remarks Steve Benvenuto, senior director in the global security part­ner sales organization at Cisco Systems.

Adding to that challenge: “At the current churn rate, about half of all S&P 500 companies will be replaced over the next ten years,” according to Innosight management consulting company. Risking a security breach in the present climate could be the straw that breaks the camel’s back. The package of articles provides insights on implementing and maintaining secure systems, especially in light of evolving multi-industry, multi-partnering business models. Citing the US government’s 2017 release of its first “Guidelines and Practices for Multi-Party Vulnerability Coordination and Disclosure,” the articles delve into a range of related cutting-edge topics:

  • Evolving blockchain technology, a promising new framework for supply chain security
  • Case studies on innovative new supply chain models in the pharmaceutical, automotive, shipping, food, and other industries, as explained by NetApp’s Ron Long, CSAP
  •  “Digital Transformation > Changing Business Models > the Impact on Security in Partnering,” what alliance managers need to know to stay abreast of the change, through the eyes of Philip Sack, CSAP, of CollaboRare & the Digital Leadership Institute
  • A behavioral scientist’s perspective on why CEO and company leaders tend to underinvest in security
  • Ideas for onboarding company culture and security protocols for an easy transition on the digital transformation wave

Companies need to carpe diem in this unprecedented, fast-evolving era of digital transformation, adds Donna Peek, CSAP, vice president of global alliances at Genpact, in this issue’s Member Spotlight. “Alliances have never been more strategic and collaboration skills never more vital to corporate success,” says Peek, a highly experienced alliance manager and member of the ASAP Board of Directors. She then provides readers with best practices and solid guideposts necessary for maneuvering today’s obstacle course of disruptions and digital transformation drivers.

The security package is not the only highlight of this issue: 2018 is ASAP’s 20th anniversary since its creation in 1998, a notable milestone that shows the foresight of its founders and value of its mission. Personal accounts and insights into the association’s evolution are provided by ASAP’s President and CEO Michael Leonetti, CSAP, as well as early thought leaders Robert Porter Lynch, CSAP, and Ard-Pieter de Man, CSAP. “[D]espite the indelible mark we’ve made in business—al­liance management is an essential function and capability in a wide array of leading companies and industries—we still need to roll up our sleeves today with the same bold­ness and vision that our founders had two decades ago. This is a call to action to all of you who are a part of this remarkable journey,” writes Leonetti in his Up Front column.

This issue then provides a synopsis of what’s to come at the 2018 ASAP Global Alliance Summit, “Propelling Partnering for the On-Demand World: New Perspectives + Prov­en Practices for Collaborative Business,” to be held March 26-28 in Fort Lauderdale, Florida, USA. After providing perspective on the first Summit in 1999, during an era of boom boxes and floppy disks, the articles gives readers agenda highlights, previews of four plenary talks, workshop information, and a who’s who of finalists for the 2018 ASAP Alliance Excellence Awards

Tags:  alliance managers  Best Practices  blockchain  breach  collaboration  data security  digital transformation  Donna Peek  Genpact  IoT  multi-industry  multi-partnerhing  NetApp  Phil Sack  Ron Long  Strategic Alliance Magazine  supply chain 

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