Trusted networks can be used to diminish natural monopolies in supply chains. The result? Sped up transactions and streamlined processes—not just in finance.
Is there a timeline for the adoption of blockchain in finance? Where does blockchain provide value? What are the issues in adoption? What about regulations?
This is the second in a series of articles about major technological trends that affect enterprise IT. Today's topic is blockchain, with a focus on the open-source Hyperledger Project.
Trust, standards, mitigating risk, and the role of blockchain in the developing world were all topics during a lively panel discussion in San Francisco.
Robert Boyd of HHG projects blockchain adoption and explains which scenarios can be improved by using the technology as a single pub/sub message queue.
A large group of competing institutions has come together to support a single database that speeds up transactions, reduces cost, and provides a single, immutable record shared by everyone.
Noting the role of patience, a recent panel discussed how many years should pass before mass blockchain adoption and how collaborative groups and small use cases can lead this technology outside finance.
