...by Daniel Szego
"On a long enough timeline we will all become Satoshi Nakamoto.."
Daniel Szego

Friday, May 12, 2017

Notes on corporate Blockchain solutions

Corporate Blockchain solutions provide exciting ways of building up new solutions for existing business use-cases and they provide the way for implementing brand new use-cases as well. Some companies and frameworks concentrate strong on the corporate Blockchain direction, like Hyperledger  from Linux foundation or Azure Blockchain as a Service from Microsoft. 

However getting technology alive with some of the classical multinational enterprises will be much more difficult than it is expected. Most of these companies and decision makers are still struggling with the cloud technology and regard to Blockchain as something suspicions alien thing. They have the very traditional, "If it is working do not modify" mindset. Even if corporate Blockchain solutions are being experimented they are used in reimplementing some old-fashioned use-cases one by one, usually in which Blockchain is not the best technology choice at all, instead of brainstorming on brand-new services that are only available with a Blockchain technology. The result of such experiments will show that Blockchain is a nice technology, but it is actually not really necessary, it can be replaced for instance by a classical distributed database. They will start to take the situation seriously as really competitors appear that provide the same service cheaper and much better just because they started the whole Business already on Blochchain ... but then it will be too late.