CIOs, you’re doing blockchain wrong

Credit to Author: Lucas Mearian| Date: Fri, 15 Feb 2019 03:00:00 -0800

IT leaders who’ve taken the plunge into blockchain are mainly deploying it in proofs-of-concept tests to address the same problems a conventional database could handle, according to research firm Gartner.

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Blockchain: The complete guide

Credit to Author: Lucas Mearian| Date: Tue, 29 Jan 2019 16:13:00 -0800

Blockchain, which began to emerge as a real-world tech option in 2016 and 2017, is poised to change IT in much the same way open-source software did a quarter century ago. And in the same way Linux took more than a decade to become a cornerstone in modern application development, Blockchain will likely take years to become a lower cost, more efficient way to share information and data between open and private business networks.

Based on a distributed, peer-to-peer (P2P) topology, blockchain or distributed ledger technology (DLT) allows data to be stored globally on thousands of servers – while letting anyone on the network see everyone else’s entries in real-time. That makes it difficult for one user to gain control of, or game, the network.

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Sharding: What it is and why many blockchain protocols rely on it

Credit to Author: Lucas Mearian| Date: Mon, 28 Jan 2019 03:00:00 -0800

As blockchains are being rolled out in an increasing number of pilot programs for everything from cross-border financial transactions to supply chain management, one persistent issue remains: a lack of scalability.

As more computers join the peer-to-peer network, the efficiency of the whole system typically degrades.

Scalability has already been identified as an issue with cryptocurrencies such as bitcoin and Ethereum’s Ether. If a distributed ledger is to achieve adoption by financial technology (FinTech) companies and compete with payment networks hundreds of times faster, it must find a way to boost scalability and throughput and address latency problems.

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Start-up Devvio claims its blockchain can handle 8M transactions a second

Credit to Author: Lucas Mearian| Date: Thu, 17 Jan 2019 03:00:00 -0800

A start-up firm claims its highly efficient distributed ledger protocol can address all the major problems facing blockchain networks, including being able to scale for global financial business by executing up to eight million transactions per second (TPS).

The new blockchain protocol, called Devv, was unveiled and demonstrated at CES in Las Vegas last week.

If the claims prove true, Devv would be able to compete with traditional financial networks in terms of scalability, be far less expensive to use and would address fraud, theft and privacy issues. Like many blockchain protocols, Devv is not just a peer-to-peer (P2P) database technology but also a digital currency or cryptocurrency called Devcash.

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Mingis on Tech: As blockchain hype cools, a 'trough of disillusionment' for 2019?

Credit to Author: Ken Mingis| Date: Wed, 09 Jan 2019 03:00:00 -0800

Ok, so maybe blockchain isn’t ready yet to become the biggest new technology since the internet.

But the distributed ledger technology clearly made strides in 2018, when it was embraced by companies from Walmart to shipping bigwig Maersk to top tech venders like IBM, SAP, Oracle and Microsoft who see potential in blockchain-as-a-service. (Walmart’s vice president in charge of food safety, Frank Yiannas, compared his embrace of blockchain to a “religious conversaion.”)

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Top 4 enterprise tech trends to watch in 2019

Credit to Author: Michelle Davidson| Date: Mon, 07 Jan 2019 03:00:00 -0800

If 2018 was the year of the data breach, the thinking among IT pros is that this will be the year companies take concrete steps to prevent future breaches.

That was the sentiment among tech professionals who took part in a recent @IDGTechTalk Twitter chat about enterprise tech trends for 2019.

In fact, a recent @IDGTechTalk poll found privacy and security to be the top enterprise tech issue for 2019 (45 percent), followed by artificial intelligence (30 percent), cloud computing (16 percent), and blockchain (9 percent).

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Using the blockchain to create secure backups

Credit to Author: Pieter Arntz| Date: Thu, 27 Dec 2018 17:34:54 +0000

Some of the properties we would like to see in our backups have blockchain technology written all over them. Should organizations consider blockchain for creating secure, recent backups—especially after a ransomware attack?

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The post Using the blockchain to create secure backups appeared first on Malwarebytes Labs.

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Blockchain: What’s it good for? Absolutely nothing, report finds

Credit to Author: Lucas Mearian| Date: Wed, 05 Dec 2018 03:01:00 -0800

In a joint report for the Monitoring, Evaluation, Research and Learning (MERL) Technology conference this fall, researchers who studied 43 blockchain use cases came to the conclusion that all underdelivered on claims.

And, when they reached out to several blockchain providers about project results, the silence was deafening. “Not one was willing to share data,” the researchers said in their blog post.

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Blockchain is offering some exciting possibilities to enhance traceability for Food and Beverage Industry

Credit to Author: Fabrice Jadot| Date: Tue, 30 Oct 2018 18:17:14 +0000

Among the dizzying array of new technologies that are reshaping business today, blockchain is among the most intriguing.  The theory behind blockchain is quite compelling. Networks of computers use consensus… Read more »

The post Blockchain is offering some exciting possibilities to enhance traceability for Food and Beverage Industry appeared first on Schneider Electric Blog.

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Economist Nouriel Roubini: Blockchain and bitcoin are the world’s biggest scams

Credit to Author: Lucas Mearian| Date: Mon, 15 Oct 2018 13:52:00 -0700

New York University professor and global economist Nouriel Roubini testified before the U.S. Senate Committee on Banking last week, saying cryptocurrencies such as bitcoin are the mother of all scams and bubbles.

He followed that assertion up by calling blockchain, the technology unpinning bitcoin, “the most over-hyped — and least useful — technology in human history.”

Today, Roubini doubled down on his claims in a column published on CNBC.com in which he said blockchain has promised to cure the world’s ills through decentralization but is “just a ruse to separate retail investors from their hard-earned real money.”

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