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Air Logistics International Feature Article

Alwyn Brice, Managing Editor of Air Logistics International, and Chris Fabre, Founder of Sky Republic, discuss why blockchain is more than just an enabler for cryptocurrencies. Blockchain is in fact a software category encompassing very different, even orthogonal technologies, able to establish a digital consensus among partners in the logistics chain. Discover how Enterprise platforms, and smart contracts in particular, can be used to upgrade EDI solutions which are expensive and fragment ecosystems such as Air Cargo but also MRO. While providing an overview of the state of the art, Brice and Fabre discuss how the five pains of B2B ecosystems can be solved to enable true real time digital experiences. Click here to read the full article and learn why blockchain will be one of the instruments enabling the coming [r]evolution of the supply chain.

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Sky Republic Launches Atlas — an Enterprise Blockchain Platform Built to Upgrade B2B Ecosystems

Atlas is engineered to augment or replace EDI, API and other enterprise technologies to gain end-to-end visibility, reduce business disruptions and frictions, and improve the digital experience  PHOENIX – (June 5, 2019)––Sky Republic, an enterprise blockchain company founded by B2B software veterans, today announced the official launch of its Smart Contract Platform built to synchronize B2B ecosystems. With Atlas, each Smart Contract is powered by a dedicated, permissioned and event driven blockchain that guarantees performance, confidentiality and enforceability. Atlas consensus technology uses a unique virtual machine and proven cryptography that allows each smart contract to be notarized safely by one of the parties involved or one or multiple third parties like a blockchain consortium. Business events and records are pushed in real time through network choreographies to the appropriate recipients. Recipients can verify them on the fly through their local copy of a smart contract so they don’t have to blindly trust smart contract notaries as they would in leading enterprise blockchains. According to Forrester, more than 20 billion one-to-one EDI (Electronic Data Interchange) transactions take place annually. However, EDI standards were designed before the rise of the internet and power many industries including supply chain, transportation, healthcare and finance. These antiquated standards fail to synchronize B2B ecosystems end-to-end which leads to lack of visibility, mitigation disputes and ultimately a loss of money. “Most enterprises today basically operate with the equivalent of one to one text messaging when they could obviously benefit more from a secure form of multimedia group messaging,” said Chris Fabre, founder and CEO of Sky Republic who spent 10 years as CEO of the middleware company Axway. “We’ve spent three years investing in research and development for Atlas. Companies need to reduce friction and gain more visibility into their supply chain to mitigate the impact of disruptions. Each year, these disruptions generate over $100B in losses impacting more than 70% of companies. We know without a doubt that blockchain is emerging as the clear answer to go beyond EDI and improving B2B ecosystems.” While blockchain has traditionally been associated with Bitcoin and Ethereum, which transact digital cash, it has many additional applications for enterprises. For example, R3 Corda accelerates financial workflows and Hyperledger Fabric enables document database sharing. Atlas blockchain was created to truly synchronize B2B ecosystems by orchestrating and simplifying multi enterprise processes, creating consensus on all relevant records (e.g. documents, IoT feeds, or EDI messages) and to fit with existing IT, business and governance models. Research firm IDC’s forecast on blockchain spending suggests at least a $1 billion software market by 2022 for currently identified use cases, and new applications within B2B ecosystems represent a significant opportunity to match this number on its own. To implement its vision in air transportation, Sky Republic has collaborated with SITA, a leader in IT and communications technologies in the industry, since 2018. The partnership aims at creating solutions for air cargo, aircraft maintenance and passenger bag domains. SITA blockchain, powered by Sky Republic’s Atlas platform, won an innovation award at the IATA 2019 World Cargo Symposium for a solution managing the chain of custody of aircraft containers. “We are thrilled with our partnership with Sky Republic and are working together to build multiple solutions powered by Atlas for the Air Transportation industry,” said Arnaud Brolly, head of product innovation portfolio at SITA. “Atlas benefited from Sky Republic’s unique expertise in blockchain, middleware and B2B solutions and is the perfect platform to better synchronize supply chains.” Focused on air transportation and supply chain industries, Sky Republic is also working on solutions for enterprise customers in healthcare and finance. Atlas can be used on premise, private or public cloud to replace or augment existing infrastructures and power new ones. About Sky Republic Sky Republic was founded in 2016 by software veterans with decades of experience delivering world-class middleware products. The company offers a Smart Contract Platform built to integrate and synchronize B2B ecosystems beyond traditional EDI, API or other enterprise blockchain technologies. For more information about Sky Republic, visit www.skyrepublic.com.

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Cryptocurrency Startup Circle Raises $110 Million Funding Round

Circle announced yesterday that they raised  $100M to implement a digital dollar on par with fiat currency. Is this the right direction for digital cash, and will banks/central banks follow? One thing is for sure: it will allow private blockchains to handle cash settlements in a more secure way than crypto platforms. To read more click here.

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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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Blockchain/DLT Paving Way for Secure Data Sharing in Healthcare

Great article that aligns well with our perspective and the potential benefits of distributed ledgers in healthcare: “Today, healthcare data is mostly in silos within enterprises across providers, payers, pharmaceuticals, life sciences, and increasingly also with patients and consumer health organizations. There is massive untapped potential to both improve the quality of patient care and reduce the cost of care with targeted safe sharing of this healthcare data. In the near term, blockchain, or decentralized ledger technology, can be used across a broad variety of existing B2B networks of health and life sciences organizations to enable secure discovery, location, and sharing of healthcare data.” Click here to read the full article.

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Why Enterprises Need A Middleware Approach To Blockchain

Following last week’s cyber security breach at Equifax, this article highlights why some consider blockchain not suitable to handle functionality typically provided by enterprise middleware such as identity management. Steve Wilson, an analyst at Constellation Research, who has studied the blockchain extensively has serious reservations about it as an identity management system: “Identity is not going to move to the blockchain in any big way (not as we know it). Blockchains were designed to solve problems quite different from identity management (IDM). We need to remember that the classic blockchain is an elaborate system that allows total strangers to nevertheless exchange real value reliably. It works without identity and without trust. So it’s simply illogical to think such a mechanism could have anything to offer identity,” To read the complete article click here. 

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Sky Republic Partner Program

Corporate Supply Chain Execs See Possibilities of Blockchain Tech

A recent survey of 42 supply chain managers from Chain Business Insights finds that 43% intend to introduce blockchain into their supply chains over the coming year, and another 20% within the next two years. Advantages seen include improving supply chain visibility and transparency (cited by 46%), while 24% see potential to reduce transaction costs. 80% of respondents indicate that blockchain will play a role in tracking products moving through the supply chain. Another 60% see it as a way to share information with suppliers. A similar number see it as a way to share payment information such as purchase orders. Click here to read the Forbes article. 

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Delaware Paves Way For Companies To Use DLT

This latest announcement out of the state of Delaware is BIG NEWS, since it affects how companies manage the distribution of their stock among shareholders. Given how most companies are incorporated in Delaware this has significant implications, and will help pave the way for mainstream adoption of distributed ledger technologies (DLT). This also represents a good use case for a Trusted Digital Ecosystem. Click here to read more.

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