Posts Tagged ‘enterprise’
Terence Corcoran: Blockchain’s groundbreaking, world-shaking, life-changing technology revolution has been cancelled | Financial Post
The biggest obstacle to widespread blockchain adoption, says Higginson, is what business theorists call “co-opetition,” a fancy word referring to when competitive companies and industries agree to share information. Getting there is a problem. “Resolving the co-opetition paradox and clearing a path to majority adoption seems like the most important obstacle,” said Higginson. Due to the co-opetition problem, the implementation of blockchain pilots is “plagued by either a single player pushing their monopoly solution” or there is “no single organization taking the lead to invest sufficiently to move from pilot to enterprise-scale implementation.”
Source: Terence Corcoran: Blockchain’s groundbreaking, world-shaking, life-changing technology revolution has been cancelled | Financial Post, Terence Corcoran, January 9, 2019
Read MoreA Former Blockchain Believer Explains Why It Will Never Benefit Corporations – Bloomberg
On this week’s episode of Odd Lots we speak to Angus Champion de Crespigny, who formerly advised companies on how to use blockchain technology, but who now believes that ultimately it won’t get them anywhere. In our discussion, he explains the limitations of the technology, and where he sees actual opportunities.
Why Blockchain May Never Benefit Corporations by Odd Lots
Why Blockchain May Never Benefit Corporations
As someone who’s been involved in both public and private blockchain development, there is an element of truth to Angus’ statements. But advisors at various projects probably said the same of Electronic Data Interchange (EDI) back in the early 70s, if they were born yet 🙂
Enterprise/private blockchain is EDI, re-architected.
— Steven
Source: A Former Blockchain Believer Explains Why It Will Never Benefit Corporations – Bloomberg, Joe Weisenthal and Tracy Alloway, November 19, 2018
Read MoreHyperledger Tech Heats Up Ahead of Software Debuts – CoinDesk
“There’s traction behind each of them, there are multiple companies now participating in development, they are maturing at a rate where they’re ready for production use,” he said, adding:”And in some cases are already in production use.”
Source: Hyperledger Tech Heats Up Ahead of Software Debuts – CoinDesk, Michael del Castillo, March 28, 2018
Read MoreMajor Canadian Bank Files Patent To Make Credit Scores… | News | Cointelegraph
According to the patent, the traditional manner of calculating a credit score is “not transparent”. Customers are not always informed when certain data affects their credit score, nor do they “have the tools to take control of their credit score.”
With distributed ledger technology as described in the patent, customers would be “notified when third party credit checks happen or when the credit score changes.” For example, in the case of a missed bill payment that negatively affected their credit score, consumers would be sent a credit alert.
Source: Major Canadian Bank Files Patent To Make Credit Scores… | News | Cointelegraph, Molly Jane Zuckerman, March 17, 2018
Read MoreBlockchain could save federal agencies billions | CNBC
The government’s current data processing, storage and security systems are in need of help — as the Pentagon’s $800 million mishap makes clear. If the government is serious about nixing inefficiencies and finally reducing our national deficit, it’ll embrace blockchain.
Source: Blockchain could save federal agencies billions | CNBC, T. Richard Stroupe Jr. , CEO, Sequoia Holdings | March 16, 2018
Read MoreGrocers Embrace Blockchain in New Era of Transparency | Progressive Grocer
“We’ve been very fortunate as an advocate for standards and education in industry to join the ride,” continues Nuce. “We built the UPC or the GTIN as a way for people to have interoperable identification all over the globe. These foundational traceability standards were developed many, many years before blockchain was ever a glimmer in someone’s eye. But now it’s all coming together.”
Source: Grocers Embrace Blockchain in New Era of Transparency | Progressive Grocer, Jenny McTaggart – Feb 16, 2018
Read MoreEY – Blockchain-enabled platforms are changing marine for the better – EY – Global
Blockchain-enabled platforms can successfully connect all players in the shipping value chain and advance critical capabilities.
EY and Guardtime, as well as other industry and technology leaders, present the “first of its kind” enterprise-scale platform to integrate and secure the entire stream of disparate data sources involved in insuring shipments around the world.
When risks ebb and flow, should insurance premiums adjust?
Source: EY – Blockchain-enabled platforms are changing marine for the better – EY – Global
Read MoreHyperledger Project: Opportunities for developers and enterprises – developerWorks TV
Mark Parzygnat’s, Program Director, Blockchain at IBM presenting to the Startup Breakfast Club in Montreal and taking questions from the audience. Mark introduces Hyperledger from both an enterprise and startup perspective.
Source: Hyperledger Project: Opportunities for developers and enterprises – developerWorks TV | YouTube recording (1:44:41), Februrary 6, 2018
Read MoreShipping: IBM, Maersk Are Creating a New Blockchain Company | Fortune
Presently, many shipping supply chains are bogged down by a morass of paperwork shuffled between a glut of middlemen, Wieck says. Documentation, which when lost or delayed causes perishable goods lying in wait to spoil, can end up costing as much as a fifth of the total expense of physical transportation.
According to a 2013 study by the World Economic Forum, reducing the friction around information-sharing and border administration when it comes to international trade “could increase GDP by nearly 5% and trade by 15%”—a boost that amounts to trillions of dollars.
Source: Shipping: IBM, Maersk Are Creating a New Blockchain Company | Fortune, Robert Hackett, January 16, 2018
Read MoreBitcoin Ethereum: How Blockchain Tech Is Revolutionizing Business | Fortune
One day last December, Frank Yiannas went to a Walmart store near company headquarters in Fayetteville, Ark., and picked up a package of sliced mangoes. Yiannas is Walmart’s vice president of food safety, and the fruit was part of a crucial experiment. He brought the mangoes back to his office, placed the container on a…
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