“Big Four” audit and consulting firm Deloitte has outlined five basic areas of development for blockchain technology in order achieve widespread adoption, according to a study published September 28. According to Deloitte, in order to be adopted by enterprises on a mass scale, blockchain technology should overcome five major obstacles – the possibility of time-consuming operations, lack of standardization, high costs and complexity blockchain applications, regulatory uncertainty, as well as the absence of collaboration between blockchain-related firms. Identifying the area that needs the most development, Deloitte singled out the problem of possible operational delays on a distributed ledger network. The …
Enterprise blockchain started gaining traction in 2017 shortly after Bitcoin had reached its all-time high of nearly $20,000. Since then, enterprise blockchain has mainly been defined by private blockchain networks used by businesses for things such as supply chain management. The enterprise blockchain space has changed quite a bit since 2017. For instance, 2020 has brought in a number of enterprise blockchain use cases that leverage public networks rather than private ones. The COVID-19 pandemic has also driven many companies, both large and small, to use blockchain for guaranteeing proof-of-health or to revive tourism. Finally, some blockchain companies this year …
Data privacy issues have been escalating in 2020 as personal data is increasingly being used to fight COVID-19. The Linux Foundation, a non-profit technology consortium, has today announced a new data privacy project featuring dozens of cross-industry giants like Mastercard and IBM. Called the ToIP Foundation, the new data trust coalition aims to provide a trusted exchange of data over the internet and establish a global standard to ensure digital trust. Blockchain consortium R3 outlines Corda’s potential for private transactions According to a May 5 announcement, the ToIP Foundation’s participants include a wide list of companies, governments and nonprofits across …
I have a feeling that a lot of businesses still don’t understand why they need blockchain, while others may believe they need it just because they think it’s another fashionable tech trend or something. I’ve been involved in technology for 30 years, and it is always interesting to me how people respond to the introduction or invention of new tech. There is always an ecosystem of people in the sector championing a particular type of technology as well as business users ever-seeking solutions to their problems or creating new opportunities for their businesses. You might be a champion in blockchain, …
Tech giant IBM has tripled the number of blockchain patents secured in the United States since last year, currently boasting over 100 active patent families. That makes IBM’s growth in US patents the largest of last year, according to a report by crypto-related news site BeinCrypto on July 16. According to data gathered by Yuval Halevi, co-founder of crypto and blockchain PR company GuerillaBuzz, IBM’s number of active patent families dwarfs other notable corporations. This includes some primary tech companies, such as Intel, Microsoft, and Dell Technologies: “In just 1 year the number of IBM blockchain patents has grown by …