This is a Charles Brett’s start-of-the-week Enterprise Times ‘blockchain catch-up’ Week 9. Necessarily it is idiosyncratic and selective.
It is not intended to be comprehensive but does seek to highlight ‘Quick Takes’ on specific developments as well interesting pieces to read, a listing of some (not all) announcements/press releases and pointers to upcoming events.
Quick Takes – Charles Brett’s Blockchain Catch-up Week 9
Top 5 enterprise blockchain protocols you need to know
Enterprises are looking for ways to benefit from blockchain technology’s decentralised nature and the features which process transactions securely and privately. With blockchain being used in most industries (in some form), enterprises have to keep up with the evolution of blockchain and its protocols. In this context, blockchain protocols are regulations and guidelines followed to achieve its decentralized and distributed nature, to ensure secure transactions, and more. Among those discussed are:
- Hyperledger
- Corda
- Ethereum
- Quorum
- Multichain.
Quick Take: This EC-Council blog posits that “All these terms might be overwhelming for someone new to the blockchain biz”. It is a guide, offering:
- a list of protocols in blockchain and their benefits
- common terminologies used in the enterprise blockchain protocols
- the different top enterprise blockchain protocols and their key features.
It is not a heavyweight examination, yet is a useful summary (though discussion of disadvantages would have added credibility). Not a long read.
Where is blockchain now? Current trends affecting the industry’s enterprises
According to this Forbes piece: “there are several notable features that successful non-cryptocurrency blockchain projects all have in common, and are likely to have in common in 2021. While these features shouldn’t be thought of as indicative of the long-term future of blockchain, they do help us understand further where blockchain as an ecosystem is in terms of expansion and wide-scale adoption.
“It’s time to make predictions about blockchain’s growth and further global impact, so here are some areas of blockchain development that I (the writer – Art Malkov) feel confident will be the main features of the technology’s growth in 2021.” They include:
- Dapps
- the application layer
- joins and connections.
Quick Take: Mr Malkov’s conclusion sums up the current and future state: “Finally, we come to the prediction for 2021 that excites me the most. While the startup atmosphere surrounding blockchain is exciting to be around, the eventual state of the blockchain ecosystem is likely a very interconnected one, with major players teaming up with one another. This is something that large companies often naturally do. In fact, Forrester projects that 30% of enterprise blockchain projects will make it into production in 2021.
“Enterprise companies should understand that mutually beneficial relationships between companies can be forged, even in competitive industries, and blockchain’s position as half-exploratory, half-established and profitable can also help these connections form.
“All in all, 2021 is shaping up to be one of the most exciting years for blockchain development. I believe we are fully in the swing of the blockchain future coming to life.”
7 pieces to read – Charles Brett’s Blockchain Catch-up Week 9
- Blockchain scaling: where we’ve come from and where we’re headed
- AWS enhances Amazon Managed Blockchain with Ethereum support
- Blockchain and digital assets news and trends (DLA Piper)
- Blockchain sports firm Chiliz to invest $50 million in U.S expansion
- Blockchain firm Ripple sees no fallout in Asia Pacific from SEC lawsuit
- Volkswagen pilots blockchain to integrate >electric vehicles with power grids
- CloseCross obtains MIFID derivatives license approval.
Selected announcements/press releases/opinions – Charles Brett’s Blockchain Catch-up Week 9
Smart MFG and Chainlink will integrate to power DeFi-based supply chain applications (blog)
Banking is only the beginning: 58 big industries blockchain could transform (report)
Why are blockchain oracles the life-blood of smart contracts? (opinion)
Discussions.app to launch reputation system on Telos Blockchain (press release)
Blockchain supply chain market worth $3.2B by 2026 according to MarketsandMarkets (press release)
Blockchain sleuthing firm calls Nigeria ‘focal point’ for Africa’s crypto Scams (opinion)
Deeper joins the Polkadot DeFi Alliance (press release).
Selected upcoming events
- Seamless payments on ledger and from ledger (R3 webinar) March 10 at 11:30 am ET / 4:30 pm GMT
- Net Zero Finance with Hiro Mizuno, 16 March 2021 (Online)
- Solving double pay-out fraud in the insurance Industry (R3 webinar) March 24, 2021, at 09:30 GMT / 5:30 pm SGT
- International Conference on Big Data and Blockchain (BDAB), 20-21 March 2021
- Blockchance Europe 2021 (July 7th-9th, 2021)
- LA Blockchain Summit (November 2nd-3rd, 2021).
