Sky Republic

March 2018

US Treasury Offers Advice to Government Agencies Interested in Blockchain

The US Department of the Treasury published a blog post offering advice to other government agencies that are interested in adopting blockchain or distributed ledger technology (DLT) in their internal systems. Such systems, the bureau wrote, are most useful for departments in which central gate-keeping is expensive (such as when staff must manually verify transactions) and there is less than total trust between different parties in the ecosystem. The post includes several lessons that officials gleaned while experimenting with a proof of concept blockchain system that began in October and sought to utilize DLT-based systems to track physical assets such as computers and smartphones, and agency officials praised the technology’s ability to reduce fraud and increase efficiency. Reflecting on the trial, the Treasury’s Bureau of the Fiscal Service (BFS) advised agencies to cut through the hype surrounding blockchain technology and honestly consider whether a distributed ledger will add value to their operations. Sky Republic’s POV: This is a good example of how executives and enterprise architects need to cut through the hype, and start by clearly identifying the business case or use case. They also need to understand the different value props that each blockchain platform offers, recognizing that not all blockchain platforms were purpose-built with the same enterprise goals in mind, especially when building trust across a B2B ecosystem is so important. To read the full article click here.

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Former CVS Health EVP/CIO Stephen J. Gold Joins Sky Republic Advisory Board

Senior technology veteran, business leader and digital pioneer brings additional world class experience to Sky Republic Leadership Team SCOTTSDALE, ARIZONA – March 19, 2018 – Sky Republic™, provider of the only distributed ledger platform that delivers trust at scale, announced today that Stephen J. Gold has joined the company advisory board. Mr. Gold brings with him more than three decades of experience in both the corporate enterprise world and B2B software technology provider market. His deep understanding of multiple industries, large enterprise operations and passion for digital innovation are expected to prove invaluable as Sky Republic continues to hone its go-to-market strategy. Mr. Gold is reputed for being one of the few CIOs to not only understand technology and master operations, but also impact overall business performance through digital innovation. Mr. Gold was bestowed the very honorable distinction of being named a CIO Hall of Fame Inductee. Stephen J. Gold spent the bulk of his career running IT organizations and businesses operations across multiple complex industries, including health care delivery, pharmaceuticals, B2B technology, business process outsourcing, and financial services. He has a strong track record in the successful design, implementation, operation and support of large-scale technology initiatives and associated businesses. Most recently Mr. Gold was Executive Vice President and Chief Information Officer at CVS Health where he was also a member of the Executive Committee. As the senior technology executive, he was responsible for all information systems and technology operations, including the digital business, as well as Client Services Operations within CVS/Caremark. He led a 10,000 person organization while supporting a $180 billion, Fortune 7 enterprise. Prior to his role at CVS Health, Mr. Gold served as CIO for a number of leading corporate enterprises and B2B technology providers, including Avaya, GSI Commerce, Medco Health, and Merck. “The biggest worry for most CIOs isn’t necessarily the functional feature set of any enterprise solution; it’s the ability for that solution to scale and perform to meet SLA requirements”, says Mr. Gold. “Most start-ups that target large enterprises don’t fail because they don’t have a good idea; they fail because their solution can’t scale. On top of its unique abilities that enable large enterprises to collaborate more effectively, it’s how the Sky Republic Platform has been engineered for scale that sets itself apart from the crowd.” “There’s no doubt distributed ledger technology continues to hold great promise, though we see a huge potential for additional innovation in order to serve enterprise needs”, says Chris Fabre, CEO and Founder, Sky Republic. “We are honored to have Steve join the Sky Republic team. His real-world insight and guidance will help ensure that our platform addresses the true mission-critical needs of today’s enterprises and their CIOs.” The company continues with its R&D investment and plans to on-board early adopters interested in conducting proof-of-concepts starting in Q3 2018. About Sky Republic Founded in 2016, Sky Republic™ is comprised of enterprise software technologists with decades of experience designing, building, and bringing to market state-of-the-art technologies for secure transaction management. Many have realized their business ecosystems could benefit from new ways of transacting business and sharing data through the use of distributed ledgers and smart contracts. Sky Republic was born to make good on this promise by delivering a distributed ledger platform engineered from the ground-up to deliver trust at scale. Sky Republic believes this platform will revolutionize the way individuals and organizations interact, the way businesses collaborate with one another, and bring a new level of automation and security to business transactions.

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