Tag: Blockchain Maturity Model (BMM)

The Government Blockchain Association (GBA) has trained its inaugural class of Blockchain Maturity Model (BMM) experts. These GBA BMM professionals will do Blockchain consulting and participate on Blockchain enterprise appraisals. GBA’s first class of blockchain experts mean Blockchain Maturity evaluations are now underway.

Why is the BMM Important?
“Governments and organizations around the world are beginning to acquire blockchain solutions. But most do not have the knowledge or framework to distinguish between a reliable solution or a hyped prototype,” said Gerard Dache, Executive Director of the Government Blockchain Association. “The BMM helps solution providers demonstrate credibility to customers and creates a roadmap for continuous improvement. Governments will often provide financial assistance to use the BMM to improve and demonstrate blockchain solutions.”

Why Do We Need a Blockchain Maturity Model?
“Governments do not have the framework to judge blockchain solutions, they will default to traditional solution providers. Newer, agile, and innovative companies cannot compete with traditional government vendors. The Blockchain Maturity Model has been established to solve that problem,” continued Dache.

What is the Purpose of the Blockchain Maturity Model?
– Provide a roadmap to establish, implement, maintain, and continually improve blockchain solutions
– Demonstrate that a solution can be trusted to meet industry standards
– Provide acquisition professionals with the information needed to evaluate blockchain solutions
– Establish the criteria to achieve a Government Blockchain Association (GBA) certification

Who Developed the BMM?
The BMM was developed by the GBA Standards & Certification Working Group over a two-year span. This group includes 34 individuals from government and the private sector. Members of this group include Chief Information Officers, Chief Technical Officers, engineers, auditors, business executives and managers.

To learn more about the Blockchain Maturity Model (BMM) visit https://gbaglobal.org/blockchain-maturity-model.

Source: Plato Data Intelligence Platodata.io

The Government Blockchain Association (GBA) has published the Blockchain Maturity Model (BMM) (https://gbaglobal.org/blockchain-maturity-model/) 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 beginning to acquire blockchain solutions. The problem is they do not have the knowledge or framework to distinguish between a reliable solution and a hyped prototype,” stated Gerard Dache, Executive Director of the Government Blockchain Association. He continued, “The BMM helps vendors demonstrate their credibility to potential customers and provides a roadmap to 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 with many different blockchains including Proof of Work, Proof of Stake, Proof of Authority, Byzantine Fault Tolerance, and many other network synchronization mechanisms.

“The BMM has found the practical balance between broad-based and meaningful applicability to all public and permissioned blockchain protocols,” said Paul Dowding, Head of Design for the TapestryX Blockchain.

In establishing the assessment process, a limited number of pilot evaluations have been conducted. These evaluations have potentially identified two areas needing remediation 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 outside detection or knowledge.
2. Some had a lack of technology infrastructure controls typically seen in more mature conventional software projects. Many of these vendors began with an idea, developed marketing materials, created a demo, raised funds, 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 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. On August 4-5 a blended BMM Training Course (https://gbaglobal.org/events/bmm-course/) will be conducted in Washington, DC.

According to the GBA Director of Standards & Certification, “The BMM is both a consultative and acquisition resource that will facilitate the maturity of the entire industry.”

For information about the BMM visit https://gbaglobal.org/blockchain-maturity-model.
For information about BMM training visit https://gbaglobal.org/events/category/bmm
For information about the GBA visit: https://gbaglobal.org

The Government Blockchain Association (GBA) published the Blockchain Maturity Model (BMM) (https://gbaglobal.org/blockchain-maturity-model/). This model was developed over the past two years to give acquisition professionals the tools they need to evaluate blockchain solutions when making purchasing decisions. It also provides a standard to distinguish legitimate blockchain solutions from hype-filled promises. Without this knowledge or framework, acquisition professionals will always choose traditional government contracting partners. The lesser-known, innovative solutions rarely get selected, stifling competition and progress.

The model describes eleven characteristics that should be considered in evaluating any blockchain solution. They are:
– Distribution
– Governance
– Identity Management
– Interoperability
– Performance
– Privacy
– Reliability
– Resilience (Fault Tolerance)
– Security
– Infrastructure Sustainability
– Synchronization

Get BMM Training

The first qualified GBA assessor to lead a BMM team is Mr. Dino Cataldo DELL’ACCIO (www.unjspf.org/person/dino-cataldo-dellaccio/), Chief Information Officer (CIO) of the United Nations Joint Staff Pension Fund (UNJSPF). He has developed a blockchain solution for the United Nations and was one of the authors of the BMM. The BMM Team will begin formally training new BMM assessors at the GBA Blockchain & Sustainable Economic Growth Conference (https://gbaglobal.org/2022-bcseg-schedule/) on May 25-27 in Washington, DC. Other events are posted on the BMM Events Calendar (https://gbaglobal.org/events/category/bmm/).

“Many vendors need ways to demonstrate that their solutions are reliable and can be trusted.
They operate in environments lacking integrity and plagued by broken promises, hype, and corruption. The BMM is a way that vendors can differentiate their reliable solutions from those of snake oil salesmen,” says Gerard Dache, CEO, GBA.

BMM Assessments Being Schedule Now

The first organization that has registered for a BMM assessment is Axes, a blockchain-based information management platform that licenses actionable intelligence and applications to the global gaming & amusement industry.

For more information about the BMM please visit https://gbaglobal.org/blockchain-maturity-model or send an email to Support@GBAglobal.org.