GBA launches new Blockchain assessment methodology
Washington, DC, July 25, 2022 – (ACN Newswire) – The Government Blockchain Association (GBA) has published the Blockchain Maturity Model (BMM) ( Assessment Requirements. This is the second published document in the BMM series. Why is the GBA Establishing the Blockchain Maturity Model ?
“Organizations around the world are starting to acquire blockchain solutions. The problem is that they don’t have the knowledge or framework to distinguish between a trusted solution and a hyped prototype,” stated Gerard Dache, CEO of the Government Blockchain Association. He continued, “BMM helps suppliers demonstrate their credibility to potential customers and provides a roadmap for continuous improvement.”
The model has been in development since November 2020 and has been composed, reviewed, critiqued and debated by experts from around the world representing a wide variety of blockchain methodologies. The model has been validated by comparing it to many different blockchains, including Proof of Work, Proof of Stake, Proof of Authority, Byzantine Fault Tolerance, and many other network synchronization mechanisms.
“BMM has struck the practical balance between broad-based and meaningful applicability for all public and permissioned blockchain protocols,” said Paul Dowding, Design Director of TapestryX Blockchain.
When establishing the assessment process, a limited number of pilot evaluations were carried out. These evaluations have potentially identified two areas that need improvement for their solutions to be immutable.
1. Some blockchains had a vulnerability that would allow a single person to make root-level changes to the data without any external detection or knowledge.
2. Some lacked technology infrastructure controls typically seen in more mature conventional software projects. Many of these vendors started with an idea, developed marketing materials, created a demo, raised money, and then frantically built spaghetti code to quickly fix bugs instead of having a technical strategy and a well-executed plan. These projects seemed to lack the management discipline required of enterprise solutions.
While the Blockchain Maturity Model requirements were released earlier in 2022, it has taken until July 2022 to complete the BMM Assessment Requirements (bit.ly/3RTGYL3) document. 4.-5. August a mixed BMM training course (will be conducted in Washington, DC.
According to the GBA director of standards and certification, “BMM is both an advisory and procurement resource that will facilitate the maturity of the entire industry.”
For information on BMM visit /blockchain-maturity-model.
For information on BMM training visit /events/category/bmm
For information on GBA visit:
