Table of Contents |
---|
Key
...
Points
Modern Platform for VCE is::
- VCE - a flexible business architecture model to run Value Chain Economies as virtual communities
- WEB9 = SSM, SGS, AI, SLT, STS, ODP
- SSM = Smart Services Management
- SGS = Smart Governance Services
- AI = AI and Machine Learning services
- SLT = Smart Ledger Technology replacing DLT, Blockchain
- STS = Smart Trust Services covers more than security and privacy
- SDM = Smart Data Mgt
- SOM = Smart Object Mgt with information, behaviors, responsibilities
- SEM = Smart Economic Mgt - metrics, tokens, custody, payments
- ODP = Open Digital Platform
- open-source based
- multi network
- multi cloud
- multi layer
- multi tier
- async
- event driven message workflows
- software defined
- dynamically configurable: resources, assets, workflows, solutions, services, scoped, logic, privacy, permissions, roles, parties, party types, meta models
- supports ASCRUM capabilities
- Modern Platform provides a virtual service platform to support many VSN - Value Services Networks
- VSNs in turn support multiple VCE - Value Chain Economies with multiple stakeholder roles & VCP - Value Chain Providers
- the ODP maps to cloud and other resources through virtual service layer using Kubernetes, Containers, VM services and other control solutions
- ODP is dependent on the base environments it's landscape covers
- ODP provides independence from any specific cloud or on-premise implementation
- Lower level cloud environments are accessed via the secure virtual service layer adapters
References
Reference_description_with_linked_URLs_______________________ | Notes_________________________________________________________________ |
---|---|
vce-mgt-notes1 gdoc | gdoc for notes |
Web5 | Web5 — the successor solution architecture to Web3: adds decentralized id, data store |
WEB9 | WEB9 = Web 3 + Web 5 + 1 >> supports VCE |
SSM | SSM - Smart Services Managers learn to automatically handle responsibilities |
SGS | SGS - Smart Governance Services understand priinciples, policies, rules dynamically |
SLT | SLT - Smart Ledger Technology solves scope, performance, integration for use cases |
STS - Smart Trust Services: deliver trusted outcomes | STS - Smart Trust Services goes beyond security and privacy for events, outcomes |
AI | AI - AI and ML offer smart services to automate decisions, optimize results |
ODP | ODP - Open Digital Platform stronger platform for Web9 and VCE solutions |
WEB9 | WEB9 = Web 3 + Web 5 + 1 |
m Business Process Solution Design Tools#BarryWright-BWIM-InvestmentManagementGovernance-perfectedVCRSinvestmentdeliverymodel | BWIM Investment Management Governance for Solution Delivery Process ( SDP ) |
m Project Tools & Documentation#BasicProjectDocumentsChecklist-SimpleSPD-SupportsBWIM | SDP summary for BWIM |
DLT concepts & principles | Details on many DLT concepts & principles in a Google doc |
m.Blockchain Use Cases | Blockchain Use Cases |
m Blockchain Use Cases More | More Blockchain Use Cases |
s Blockchain Opportunity Assessment - BOA s Blockchain Opportunity Assessment - BOA#BOA-%23SDP-SolutionDeliveryProcess | How to Assess the Value of a Blockchain Solution |
m Hyperledger Fabric Solution Concepts | Key Blockchain Solution Design Concepts - read before design ! |
m Blockchain Use Cases More#9ReasonsBlockchainProjectsFail(AndHowtoSucceed) | Why Blockchain Solutions often fail |
m Blockchain Use Cases More#VCRSKeystoasuccessfulcommunityDLTsolution | Keys to Blockchain Solution success |
m Consulting Process#VCRS-ValueCostRiskSuccess-Keys-BarryWrightversion | VCRS > General Consulting Methodologies for Change Design and Management |
STS - Smart Trust Services: deliver trusted outcomes | |
m TOIP Trust Over IP m TOIP Trust Over IP#TheTrustOverIPInteractiveModel | Core Trust Principles - Operations and Governance by Layer - interactive model |
DvP Delivery vs Payment Settlement Concepts | DvP concepts with HTLC designs |
m Messaging | Messaging services and solutions |
m Blockchain Financial Services - DeFi - NFTs | Blockchain Financial Services concepts and solutions |
m Blockchain Regulation Trends | Blockchain Regulation Trends |
Value Stream Mapping & Engineering | |
https://www.linkedin.com/advice/0/how-do-you-align-your-value-stream-map-customer-requirements | |
Aritcles on Sustainable Value Stream Models | |
Andrea Frosinini on EFRAG's Implementation Guidance on Value Chains | |
Value Chain Concepts & Mapping
Zendesk on value chain
What is a value chain?
The value chain is a business model used to examine all company activities involved in taking a product or service from idea to sellable item.
Ideally, companies can use the value chain model to strengthen their point of view and widen their profit margin—more efficiency and fewer costs.
Generally speaking, there are two ways to improve the “value” in your value chain:
- Increase the social value of your company and products via product quality and brand credibility so consumers will purchase more.
- Decrease the costs of your product and production to encourage customers to purchase more and widen profit margins.
You can also use value chain analysis to help boost profit by searching for improvements in specific activities within the sales and production lines.
By either increasing value or decreasing costs based on your company’s value chain, you create a competitive advantage in the market and hone your sales strategies.
Value chain benefits
The value chain framework enables your company to understand and analyze where cost efficiency is good or poor within the organization. When you look at your company’s value chain analytically, you can:
- Back-up decisions regarding various business activities
- Pinpoint areas of ineffectiveness and correct them
- Understand the links and responsibilities between different aspects of your business
- Optimize efficiency while lowering expenses
- Create a cost advantage over competitors
- See exactly where your business is succeeding
It might seem like a lot of work to review every single company activity to determine your competitive edge, but that insight makes a difference. Just as KPIs and reporting inform your sales operations and strategies, a comprehensive value chain analysis informs decisions across your entire business.
Porter’s VCA components
The VCA chart is broken into two sections: primary activities and secondary (or support) activities. Primary activities focus on the manufacturing of goods and services, while secondary activities back up primary activities:
Primary activities
- Inbound logistics: Availability of raw materials, warehousing, and distribution (essentially, anything in your supply chain)
- Operations: Creating products from raw materials
- Outbound logistics: Delivery of products to customers, including warehouse, transportation, and distribution
- Marketing and sales: All advertising and sales interactions and activities
- Service: All forms of customer support interaction and brand credibility
...
s Blockchain Opportunity Assessment - BOA#BOA-KeyQuestionsforVCE%3AValueChainEconomies
...
VCC - Value
...
A VCO is an organization with a sustained focus built on a "stakeholder" view for a value chain that includes customers, employees, partners, communiites, economies and the environment. Look at the VCE concepts and stakeholder value mapping to see how a VCO can successfully participate in and contribute to a VCE micro economy
VCO Examples include:
-Chain Communities - a group of VCO ( Value-Chain Organizations )
VCCs define a logical VCE ( Value-Chain Economy )
VCC is a logical model on different stakeholder roles, their goals & responsibiliities within the community
The VCE has a sustained value focus on stakeholder capitalism for all parties in the VCE micro economy model
A Good example of a VCC partner is GAPP - Genuine Alaska Pollock Producers Association
https://www.futurefoodcast.io/podcast/superior-quality-sustainability-and-traceability/
Youtube interview > Craig Morris, CEO of Genuine Alaska Pollock Producers
Paramount Software Solutions
Congratulations to the sustained focus the Paramount team has had over the years to build a VCO ( value chain organization ) with a "stakeholder" view that includes customers, employees, partners, communiites, economies and the environment.
...
People article on VCOs
VCO-2024-Peoples 100 Companies that Care in 2024.pdf link
VCO-2024-Peoples 100 Companies that Care in 2024.pdf. file
VCE Concepts & Mapping
A VCE is a logical community of independent parties forming an economic model with goals, roles, relationships between the parties
Each organization ( or business ) has 1 or more roles in the community and has:
operates a business model
has business opportunities and threats
has business strategies
has business plans
has business operations
has business performance against goals
VSDP - Value-drive Solution Delivery Process
Key Concepts
VCE Foundations
BWI BEP - Business Excellence Process Management
BWI: Barry Wright BEP - Business Excellence Process
SDP >> Areas to Manage on SDP - Solution Delivery Process
B - EAIRG - Business Events, Activities, Investment, Returns, Governance
P - EAIRG - Project Events, Activities, Investment, Returns, Governance
T - EAIRG - Technical Events, Activities, Investment, Returns, Governance
SOM >> Areas to Manage on SOM - Solution Operations Management
B - EAIRG - Business Events, Activities, Investment, Returns, Governance
O - EAIRG - Operations Events, Activities, Investment, Returns, Governance
T - EAIRG - Technical Events, Activities, Investment, Returns, Governance
Consensus VCRS = Value > Cost > Right > Support Keys
The #BWC version > Nat Caruso
- Values = what's the net value for all stakeholder groups for the solution scope?
- Costs = what are the actual, expected, intangible costs for all stakeholders for the scope?
- Right = What does it take to do this Right? This is a lot larger challenge then simple risk management
- Support = What support do you need from me ( your manager ) to succeed? What are the success keys for the deliverables in scope?
GAPP - Genuine Alaska Pollock Producers -
GAPP - Genuine Alaska Pollock Producers - food cast - Craig Morris
Craig Morris leads the GAPP organization
It is an architected VCE focused on a sustainable VCE model with all stakeholder groups part of the solution
GAPP provides not only a context, goals but also clear metrics to support continuous improvement of the community and consumer value
Modern Solutions
- Use Modern Technologies
- are delivered by Modern Teams, Processes and Tools
- deployed by Modern Deployment
- to run on Modern Platforms
- managed by Modern Operations
common access model for transactions
...
Value Streams and Value Stream Mapping
https://www.investopedia.com/terms/v/valuechain.asp
A company conducts a value chain analysis by evaluating the detailed procedures involved in each step of its business. The purpose of a value chain analysis is to increase production efficiency so that a company can deliver maximum value for the least possible cost.
KEY TAKEAWAYS
- A value chain is a step-by-step business model for transforming a product or service from idea to reality.
- Value chains help increase a business’s efficiency so the business can deliver the most value for the least possible cost.
- The end goal of a value chain is to create a competitive advantage for a company by increasing productivity while keeping costs reasonable.
- Value chain theory analyzes a firm’s five primary activities and four support activities.
#BVM - Business Value Model - reusable model that lowers time to market
a BVM COULD be derived from a VCE model
Infotech on a Business Value Model Process
VSDP-infotech-it_Map_Your_Business_Architecture_to_Define_Your_Strategy_Phases_1_3.pdf. link
VSDP-infotech-it_Map_Your_Business_Architecture_to_Define_Your_Strategy_Phases_1_3.pdf file
...
While that group has formal membership for the commercial fishing companies, the association has a stakeholder view of the VCE that includes:
consumers, retailers, wholesalers, food processors, distributors, employees, partners, local communiites, economies, Native American Tribes and the environment.
The association works to promote & grow the industry and improve the quality and efficiency of the entire distribution channel and help support it's associated stakeholder groups.
The primary regulation governing the Alaska Pollock Fishing industry is The American Fisheries Act of 1998
The American Fisheries Act was signed into law in October 1998. The purpose of the AFA was to tighten U.S. ownership standards that had been exploited under the Anti-reflagging Act, and to provide the Bering Sea and Aleutian Islands (BSAI) pollock fleet the opportunity to conduct their fishery in a more rational manner while protecting non-AFA participants in the other fisheries.
VCO - Value Chain Organization - a sustained value focus on stakeholder capitalism
A VCO is an organization with a sustained focus built on a "stakeholder" view for a value chain that includes customers, employees, partners, communiites, economies and the environment. Look at the VCE concepts and stakeholder value mapping to see how a VCO can successfully participate in and contribute to a VCE micro economy
VCO Examples include:
GAPP - Genuine Alaska Pollock Producers Association
https://www.futurefoodcast.io/podcast/superior-quality-sustainability-and-traceability/
Youtube interview > Craig Morris, CEO of Genuine Alaska Pollock Producers
Paramount Software Solutions
Congratulations to the sustained focus the Paramount team has had over the years to build a VCO ( value chain organization ) with a "stakeholder" view that includes customers, employees, partners, communiites, economies and the environment.
Since the year Paramount Software Solutions was established,Pramod Sajja, our Founder and CEO, envisioned a company that not only excels in its market space, but also focuses on innovation to make this planet a better place for all its people.
People article on VCOs
VCO-2024-Peoples 100 Companies that Care in 2024.pdf link
VCO-2024-Peoples 100 Companies that Care in 2024.pdf. file
VCE Concepts & Mapping
A VCE is a logical community of independent parties forming an economic model with goals, roles, relationships between the parties defined formally and informally.
As the performance, roles, goals change and mature, the resulting relationships also change
Changes in market leadership follow ( eg Netscape > Microsoft Internet Explorer > Google Chrome > ?? )
Each organization ( or business ) has 1 or more roles in the community and has:
- operates a business model
- has business opportunities and threats
- has business strategies
- has business plans
- has business operations
- has business performance against goals
VSDP - Value-drive Solution Delivery Process: Discover > Define > Deliver > Improve > Monetize
"99% of the world's weath started from the same source - the discovery of a common problem" - Jim Mason
"the other 1% won the lottery" - Jim Mason
The process to define your part in a VCE has these key steps for success:
Discover your value opportunity in the VCE
Define your value opportunity in the VCE
Deliver on your value opportunity in the VCE
Improve on your value opportunity in the VCE
Monetize your value opportunity in the VCE
Key Concepts
VCE Foundations
BWI BEP - Business Excellence Process Management
BWI: Barry Wright BEP - Business Excellence Program
SDP >> Areas to Manage on SDP - Solution Delivery Process
B - EAIRG - Business Events, Activities, Investment, Returns, Governance
P - EAIRG - Project Events, Activities, Investment, Returns, Governance
T - EAIRG - Technical Events, Activities, Investment, Returns, Governance
SOM >> Areas to Manage on SOM - Solution Operations Management
B - EAIRG - Business Events, Activities, Investment, Returns, Governance
O - EAIRG - Operations Events, Activities, Investment, Returns, Governance
T - EAIRG - Technical Events, Activities, Investment, Returns, Governance
Consensus VCRS = Value > Cost > Right > Success Keys
The #BWC version > Nat Caruso
- Values = what's the net value for all stakeholder groups for the solution scope?
- Costs = what are the actual, expected, intangible costs for all stakeholders for the scope?
- Right = What does it take to do this Right? This is a lot larger challenge then simple risk management
- Success = What support do you need from me ( your manager ) to succeed? What are the success keys for the deliverables in scope?
GAPP - Genuine Alaska Pollock Producers -
GAPP - Genuine Alaska Pollock Producers - food cast - Craig Morris
Craig Morris leads the GAPP organization
It is an architected VCE focused on a sustainable VCE model with all stakeholder groups part of the solution
GAPP provides not only a context, goals but also clear metrics to support continuous improvement of the community and consumer value
Modern Solutions
- Use Modern Technologies
- are delivered by Modern Teams, Processes and Tools
- deployed by Modern Deployment
- to run on Modern Platforms
- managed by Modern Operations
common access model for transactions
networks > topologies > protocols > directories > services > metadata > interfaces > profiles > routes > connections > authentication & authorizations > sessions > planes ( control, request, data ) > domains > governance > namespaces > requests > workflows > policies > trusts > data > decisions > events > transactions > object updates > formats > results > history
all requests are: async, batch processed
Value Streams and Value Stream Mapping
https://www.investopedia.com/terms/v/valuechain.asp
A company conducts a value chain analysis by evaluating the detailed procedures involved in each step of its business. The purpose of a value chain analysis is to increase production efficiency so that a company can deliver maximum value for the least possible cost.
KEY TAKEAWAYS
- A value chain is a step-by-step business model for transforming a product or service from idea to reality.
- Value chains help increase a business’s efficiency so the business can deliver the most value for the least possible cost.
- The end goal of a value chain is to create a competitive advantage for a company by increasing productivity while keeping costs reasonable.
- Value chain theory analyzes a firm’s five primary activities and four support activities.
#BVM - Business Value Model - reusable model that lowers time to market
a BVM COULD be derived from a VCE model
Infotech on a Business Value Model Process
VSDP-infotech-it_Map_Your_Business_Architecture_to_Define_Your_Strategy_Phases_1_3.pdf. link
VSDP-infotech-it_Map_Your_Business_Architecture_to_Define_Your_Strategy_Phases_1_3.pdf file
Potential Value Opportunities
m Consulting Process
sth #bdc
There are standards, best practices and guides for each area
Better Business Management
Solution Delivery Capability Management
Service Delivery Capability Management
Customer Success Capability Management
Jim Mason on Value Chain Impacts from Responsible Forest Management
jmason-EU-environment-reporting-and-forest-impact-metrics.pdf link
jmason-EU-environment-reporting-and-forest-impact-metrics.pdf. file
V1 - European Sustainability Reporting Standards (ESRS): A Comprehensive Report 3
1. Introduction 3
2. Purpose and Value 3
2.1 Purpose 3
2.2 Value Provided 3
3. Responsibility for Implementation, Operation, and Governance 3
3.1 Implementation 3
3.2 Operation 3
3.3 Governance 4
4. Examples of Organizations Implementing the Standards 4
4.1 Unilever 4
4.2 Siemens 4
4.3 BNP Paribas 4
5. Key Features of the Standards 5
6. Key Risks to Manage 5
7. Key Factors for Success 5
8. Conclusion 6
Andrea Frosinini on EFRAG's Implementation Guidance on Value Chains
I recently delved into the EFRAG IG 2: Value Chain Implementation Guidance, released in May 2024, which provides essential insights into navigating the European Sustainability Reporting Standards (ESRS) in the context of corporate sustainability.
Key highlights include:
1. Comprehensive Scope: The guidance emphasizes that sustainability statements should encompass all material impacts, risks, and opportunities (IROs) related to both upstream and downstream value chains, moving beyond just the company's own operations. This broader perspective is crucial for a more accurate depiction of a company's sustainability footprint.
2. Materiality Assessment: It stresses the importance of identifying material IROs within the value chain, taking into account relationships beyond direct contracts. Companies must ensure their materiality assessments effectively capture the nuances of their entire value chain, allowing for a thorough understanding of potential impacts.
3. Policies and Targets: Organizations are required to disclose relevant policies, actions, and targets concerning their value chains. This transparency not only enhances accountability but also demonstrates a commitment to sustainable practices throughout the supply chain.
4. Estimation of Data: The guidance acknowledges challenges in data collection from value chain actors and encourages companies to make reasonable estimates when primary data is unavailable. This pragmatic approach supports firms in fulfilling their reporting obligations while acknowledging the complexities of global supply chains.
5. Transition Period: A transitional phase allows companies to gradually adapt to these reporting requirements, underscoring the EFRAG’s commitment to easing the implementation process for businesses, particularly small and medium-sized enterprises (SMEs).
As we move towards a more sustainable future, this guidance will be vital for companies aiming to enhance their reporting practices and align with EU sustainability objectives. Understanding and integrating these insights will empower organizations to create more responsible and transparent value chains.
EFRAG IG 2: Value Chain Implementation Guidance.pdf. link
ReImagine Financial Services - Value Chain Economy running on a Open Digital Platform
A Value Chain Economy of organizations and stakeholders operating solutions that are:
- Understood
- Valuable
- Distributed
- Trusted
- Governed
- Efficient
- Effective
- Regulated
- RAS - Reliable, Available, Serviceable
DeFi disrupted by ReFi ( Reimagine Finance ) with VCE, ODP, AI, SLT, STS
- DeFi only fits a small part of the financial world ( P2P Bitcoin )
- ReFi ( Re-imagine Finance ) fits over 90% of the financial world of tomorrow
- Re-imagine DLT differently as a flexible proof system to build better trust for counter party networks ( not your father's Bitcoin blockchain )
- ODP is an Open Digital Platform ( an FMI - Financial Market Infrastructure ) with modern services
- AI and Machine Learning can improve decision making, optimization with faster learning for specific use cases
- SLT - Smart Ledger Technology replaces DLT overcoming limitations on performance, scope, integration
- STS - Smart Trust Services go beyond simple security, cryptography to embrace ALL opportunities to improve trust in a VCE for all stakeholders, use cases
- Using DAN and a ReFi process new Value Chain Economies evolve from existing financial solutions that have comprehensive capabilities and better results
...
It's time to rethink some core limiting assumptions built into DLT which is why RLN and my focus on SLT ( Smart Ledger Technology ) both open some new doors.
VCE - Value Chain Economies are Communities in both the Digital and Real Worlds
VCE solutions run on:
- Financial Solutions
- Financial Network Services
- Open Common Platform Services
- Virtual Cloud resource layer
- VSLN - Virtual Smart Ledger Networks
...
Services define adapters for custom service implementations
Value Chain Engineering Solution Process
Value Chain Engineering is a sustainable governance model to deliver solutions aligned to Cutomer value
- Customer-centric or Business-centric model to deliver solutions that align to customer and community value ( vs product oriented )
- Align Client value to Business strategies & capabilities, Align Business capabilities to IT strategies & capabilities
- Continuous cycle of
Clients using solutions > assessing value > defining new opportunities, strategies, capabilities > map to solutions > delivering new solutions - VCE stakeholder metrics cover: VCRS - Value, Costs, Risks, Success Keys planned & realized
...
- A regulated community of stakeholders operating in various roles
- A permissioned business virtual smart ledger network with consumer and provider roles
- Goals, scope, constraints, policies, governance, economics and regulations
- Events, processes, trusts, contracts, transactions, data, ledgers, services, decisions, ABC parts
- Clients
- Set use cases, roles, outcomes, value streams, needs, requirements > search- find- use solutions
- Providers
- Use use cases, user value streams > solution strategies > capabilities > offer products & services
VCE continuous process
- analyze & measure the client value streams
- define solution strategies
- enable solution capabilities that support the strategies
- deliver solutions ( products & services ) that fulfill the capabilities required
- so clients can use them to realize value
Assessments integrate Clients and Providers on Solution Engineering
CMP - Capability Maturity Program
Capability Assessments
Based on defined client user cases and related value chains and streams defined,
...
a capability profile, supported use cases, enterprise features & NFRs, client feedback, implementing solutions
Solution Assessments
Based on defined client strategies and capabilities defined,
...
a solution profile, supported use cases, supported capabilities, enterprise features & NFRs, client feedback, client usage data, support experience
Use Assessments in Value Chain Engineering ( VCE )
Use Solutions >> Clients Realize Value
...
- ID if capabilities, solutions are ready for client use cases
- ID the best solution for a client use case & capability
- ID where to invest in capabilities & solutions
- Where solutions overlap for a capability
- Where reuse opportunities exist for solutions and a capability
- ID the maturity level of the capability and solutions
- ID candidate remediations for capability, solution gaps
Define Assessments in Value Chain Engineering ( VCE )
Define Solutions = Continuous Process
...
- Assess current strategies, capabilities, solutions results
- Assess value gaps for strategies, capabilities, solutions
- Automation adds usage, issues on assessments
- Set new strategies, capabilities, solutions with target results
- Clients test new capabilities, solutions
- Clients give assessment feedback on capabilities, solutions
- Providers update strategies, capabilities, solutions
- Providers release new strategies, capabilities, solutions
Align Value Stream Maps to Customer Requirements
https://www.linkedin.com/advice/0/how-do-you-align-your-value-stream-map-customer-requirements
Map Requirements to IT Capabilties
Oversight of Financial Market Infrastructures by the Federal Reserve
https://www.federalreserve.gov/paymentsystems/over_about.htm
...
The Federal Reserve supervises and oversees certain FMIs under several authorities and in several contexts.
Principles for Financial Market Infrastructures (PFMI)
https://www.bis.org/cpmi/info_pfmi.htm
...
In addition to these standards, the CPMI and IOSCO have published a number of related documents and further guidance on how to implement the standards
VCE runs in the business layer as a Value Chain Economy, maps to the operations layer nodes
- A Digital Asset Network based on DLT is managed by a Consortium organization providing governance, operations, compliance and economic value
- the Network layer can be implemented as nodes ( physical or virtual ) for layers 1 & 2.
- Layer 3 can be implemented logically vs physical nodes if that implementation fits the use case better
DAN - Digital Asset Network is a conceptual Financial Market Infrastructure ( FMI )
The diagram below shows Business Digital Communities running on a conceptual Financial Services Network
...
- Features are segregated into service layers:
- VCN - Virtual Cloud Network provides a common infrastructure interface instead of consuming directly from individual cloud platforms
- ODS - Open Digital Services provides a suite of technical services consumable across the VCN layer many of which are Enterprise Open Source services
- FSF - Financial Services Features are a common set of financial services that can be reused by multiple solutions or directly consumed by businesses
- FAS - Financial Application Solutions can be consumed by businesses enrolled in a community
- The Capabilities listed are defined differently by layer
- The economic incentives and costs to operate the ODP layer are different than the incentives and costs to operate the FAS layer for example
- The regulations and governance that apply to the VCN layer are different than the regulations and governance for the FSF layer
- The simple Business Operations view for Bank A
- The top section is a simple view of multiple business communities with a focus on the Payment community
- From a client focus ( Bank A ) uses the FSN by joining the FSN, enrolling in the payment community and then sending payments locally or cross border
Key question for FSN - who finds, uses, owns, controls, governs, operates, manages, pays for EACH layer in the FSN?
Some Key Concepts on DAN
Key - Define the stakeholder groups, their roles and the VCRS model for each group in the target communities
q>> what is the value proposition for each group, role in the solutions and platform?
Key - Define the key solutions and related business use cases in scope for the platform solutions and services
model as BDD
create executable BDDs using Expando DSL, JEPL, Karate,
create generator for Plantuml DSL files to show diagrams automatically from code
Key - Define Each stakeholder group role for the solution and the platform capabilities
Key question for FSN - who finds, uses, owns, controls, governs, operates, manages, pays for EACH layer in the FSN?
...
Why are these solutions, this platform the best alternative for the stakeholder groups to use?
Key - Segregation of Services & Responsibilities into Layers to improve reuse, lower platform costs & risks and adapt to change
Key - Separation of Business Logic from Platform Service Software
look at business rule and policy engines that allow business users to own business logic ( see JEPL DSL concepts )
Key - Integrate all processes with Global Event Management Services - GEMS
GEMS - Global Event Management Services integrates the majority of capabilities in each layer
Think IBM I CPF9898 that is distributed across message queues on all platforms for all layers - WOW ! > dynamic global event driven behavior
Key - Define a valid economic model to operate each layer based on stakeholder roles, value, costs, risks, success keys ( VCRS )
Look at token types for:
payment ( p tokens ) and their mapping to supported crypto types
...
assets ( a tokens ) digitized assets represented by fungible tokens ( CBDC or stablecoins ) and non-fungible tokens ( art work etc )
Key - Given the business use cases, economic model and services, define the data and trust models
for each use case, who are the counter parties? what data do they share? how? what trusts are needed?
...
( is the asset a valid digital asset? is the transaction approved by the correct party? etc )
Key - Define Services in each layer as metadata and access via component registries for easy composition, smart runtimes
Key - Common Standards to Operate Platform Services at each layer
Key - Rethink Key Performance Bottlenecks as concurrent asynchronous services to improve throughput and capacity at each layer
Key - Transparent Governance to govern each layer
Key - use 3 B sourcing model to provide capabilities - Borrow, Buy, Build
borrow from existing internal assets that can be reused or repurposed productively
...
build if the other options don't work
Consider EOS ( Enterprise Open-Source ) solutions first - lower cost, better portability
Some EOS alternatives to AWS to provide lower costs, better portability and parity across platforms
https://github.com/guenter/aws-oss-alternatives
Key - Use of Enterprise Open Source software where feasible
The dual license or an open source foundation license are preferable.
Enterprise Open Source solutions are often have a Community-Edition open-source version and license that provides almost all core features and capabilities. The corresponding Enterprise version builds on the Community edition and adds key usability features, more integrations and better commercial support to fit enterprises needed quality production service capabilities.
Key - Follow the Software Architecture Themes to improve quality, flexibility, value delivered with lower risk
m.Enterprise Architecture and Services
Other Platform Concepts
Modern Solutions
Use Modern Technologies
...
all requests are: async, batch processed
Value Chain Engineering Concepts for VSLN - Virtual Smart Ledger Networks
VCE Operations Models
Models
- Parties with Identities
- Operations Roles
- Economic model
- Community Sustainable Engagement
- Governance model
- Regulatory model
- Network Platform model
- Standards
- Services models by layer: application > financial > technical > network > security
- Operations process model
- Trusts model
- Decisions model
- Events model
- Technical Architecture
VCE Service Capabilities support Consortium Models
VCN Service Registry covers:
...
Policy Management Services
ODP Technology Capabilities
RDD for use case requirements
...
FDD for feature driven design to enhance object services to meet RDD
Design Factors for VCE to model
Members, Roles, Identity, Authorizations, Access
...
Services
Trusts
Decisions
Events
SDP Life Cycle
Circular process to manage a Community Solution Space
...
Solution Operation
Solution Support
Potential Challenges
Dependencies for virtual ODP and DLT solutions
For a given virtual environment:
...
accepted standards for event management, DLT interoperability, RPM, cloud operations, regulations
Candidate Solutions
DLT use cases that can add value, not risk
DLT as an accurate data ledger ( provenance, proof historical data not changed )
DLT as an automated enforcement of contract terms between parties
DLT as a multi-party data validation system
DLT as a data distribution system
DLT as a Reference Architecture
inter-organization use cases
intra-organization use cases
generally less likely to add value where the organization is seen as a central. trusted source of truth
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