Blockchain Projects Work Better When Everyone Collaborates

This year, we saw less of established actors pitching competitors on unilateral projects. Instead, we saw either totally internal initiatives or creative attempts at consortium building (for example, Food Trust, Tradelens, INATBA, Libra), with varying degrees of success. Companies are waking up to the idea that to go far, they ought to go together (as an example, the Forum recently launched a consortium to explore the use of blockchain technology in the mining and metals sector, where a collaborative approach would have been hard to imagine even a few years…

Tata’s IT Arm Says Its New Toolkit Will Enable Faster Blockchain App Development

As with more consumer-driven software products, developers are offered a choice of templates for their projects that can then be tailored with code extensions specific to their chosen blockchain. DevKit also offers a web-based development environment, and plug-and-play components across areas such as security authentication and user management, cutting down on the time it takes to build smart contracts, TCS says. Author: Daniel Palmer Source link

Even if a Thousand Projects Don’t Make It, Blockchain Is Still a Change Catalyst

This post is part of CoinDesk’s 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Gary Gensler is a professor at the MIT Sloan School of Management, Co-Director of MIT’s Fintech@CSAIL and Senior Advisor to the MIT Media Lab Digital Currency Initiative. He was formerly Chairman of the U.S. Commodity Futures Trading Commission, Under Secretary of the Treasury, and a partner at Goldman Sachs. Author: Gary Gensler Source link

Hold Tight, Here Come the Blockchain Wars

Secondly, the natural instinct of this slightly-less-dumb capital is to pick projects with defendable moats. Monopolies make great returns for their backers. Duopolies are okay too. But an active market saturated with great teams doing awesome things is just not worth the bother. Large and vaguely strategic investors act as catalysts, unfairly popularising their own bets, sometimes against better alternatives. In other words, it’s winner-take-all. This makes the industry-wide “open-source” collaboration and technology sharing, which has characterized blockchain innovation so far, that much less likely to continue. Consider that Silicon…

Microsoft Is Using Blockchain to Help Firms Trust AI

One of Microsoft’s customers, Icertis, a cloud-based platform for contract management, tried out Blockchain Data Manager “in preview,” prior to the release at Ignite, and built use cases involving ethical supply chain contracts and the way certain subsidized pharmaceutical drugs are used. Icertis used Quorum for the Data Manager builds, but the firm has used R3’s Corda as its main blockchain previous to that. Author: Ian Allison Source link