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Will the real Blockchain please stand up?

Tuesday, May 2, 2017

Financial institutions have invested money looking at Blockchain.  However, there are now quite a few different approaches to Blockchain-based distributed ledgers.  Which one is likely to be the best, and where will distributed ledgers play most strongly?

Key Points:

  • Bitcoin is not Blockchain – Bitcoin destroys the full audit capabilities of a distributed ledger through the use of (insecure) Wallets.
  • Blockchain is not the only distributed ledger in town – which is good, as use cases should be rendered with more mature technology where possible.
  • Organisations should prepare for the inevitability of a distributed ledger.
  • Providers of the competing ‘next gen’ distributed ledgers must get their acts together to form a full end-to-end capability via a standardised underlying fabric.
  • The Linux Foundation Hyperledger Fabric framework is showing great strengths – and is being used in anger in the real world.