Blockchain promises to do for transactions what the internet did for information. Basically, anything of value, whether tangible or intangible — i.e., money, land, intellectual property or identity — can be represented digitally on a blockchain and be moved, stored and managed securely. Trust is established through clever code and peer consensus. Blockchain can eliminate inefficiencies by cutting out intermediaries and directly connecting the parties that are exchanging items of value. It can profoundly change the way we interact and operate today.

Before blockchain technology can take hold, however, people and organizations need to get educated about it, and there are still plenty of technology and business issues to overcome. The adoption process will likely be gradual and steady. It is similar to the internet in its first phase – complex and incomprehensible for most, but with huge potential for the future.

Market Insight

Blockchain and cloud: what happens when the two meet?

The cloud is already transforming how we access and consume computing resources. The blockchain, an emerging concept, envisions a world where people, organizations and machines interact and transact with little to no friction and, perhaps most importantly, without the involvement of intermediaries. What happens when these two technologies meet?

Market Insight

IBM launches Blockchain Platform amid a consortium dedicated to global food safety

IBM just launched its Blockchain Platform, along with a series of consulting services to enable organizations to quickly activate, develop, operate, govern and secure their own blockchain-enabled business networks. The new platform was honed over two years in more than 400 client engagements across several industries, including financial services, supply chain and logistics, retail, government, and healthcare.

Market Insight

Dragonchain advocates a hybrid blockchain model, is raising funds through an ICO

The creators of open source blockchain platform Dragonchain are looking to build a commercial business to help other companies quickly and easily start using blockchain. To back up its new commercial venture, Dragonchain is raising money through an initial coin offering (ICO).

Technology & Business Insight

Blockchain Codex 2017

Blockchain is the talk of the town, promising to revolutionize the way we do business with overwhelming disruptive force. As with any innovative technology, potential users need to understand blockchain's capabilities and benefits, and how it works, in order to apply it.

Market Insight

Blockchain proposes a more democratic way of sharing and monetizing data

There are only a handful of corporations that have the massive data sets, skills and knowledge to turn all that into value. But what if data originators (individuals and businesses) could easily and securely share and monetize their data on their own terms?

Market Insight

ICOs are driving interest in the blockchain startup scene, although risks remain

There are hundreds of startups globally developing blockchain-based applications and attempting to pioneer disruption across various markets. The deployment of blockchain technology initially focused on the financial services industry; however, other use cases in supply chain management, identity and contract management, data storage, and IoT, among others, are being studied to determine blockchain's viability to enable new efficiencies and ways of doing business.

Market Insight

Oracle launches its Blockchain Cloud Service at OpenWorld 2017

In August 2017, Oracle officially joined the Hyperledger project, and now it is launching its Blockchain Cloud Service (BCS). This new cloud-based, 'industry neutral' blockchain platform, announced at OpenWorld 2017, is the result of two years of research and numerous client engagements across several industries.