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The #Blockchain Question | @CloudExpo #FinTech #AI #DX #MachineLearning
One of the challenges is determining, ‘when should I be thinking about blockchain?’

The Burning Blockchain Question - Should I Be Thinking About It?

Shiny new toy syndrome. We all see it, we all experience it. Who doesn't like the shiny new toy?  Whenever a new technology hits the high points of hype, everyone starts talking about it like it will solve all their business problems. Sadly, frequently without even looking at what problem they are trying to solve. Blockchain is one of those technologies. According to Gartner's latest report on the hype cycle of emerging technologies, blockchain has just passed the peak of their hype cycle curve. If you read the news articles about it, one would think it has taken over the technology world. The reality is, as Gartner put it, that ‘most initiatives are still in the alpha or beta stages' and ‘Enterprises are still deciding how to navigate this technology.'

One of the challenges is determining, ‘when should I be thinking about blockchain?' It's a question I get asked frequently, both from the business and from technologists as well. I have heard comments as far ranged as ‘I have no use for blockchain as my business has nothing to do with bitcoin' (a common misperception I wrote about a while back Blockchain - Why its so much more than bitcoin) to ‘I want to use blockchain to replace all my database systems' (a definite case of shiny new toy reaction).The reality is, as is usually the case, somewhere in between the extremities. Let's talk about some of the things that might be reasons to think about blockchain as potential tool to help solve a business challenge.

Chain of custody
This is one of my favorite concepts when talking about blockchain. Anyone who has ever watched a police procedural understands the basic concept of chain of custody. If I have a piece of evidence, I need to ensure I can document the entire chain of people/places where that evidence has changed hands. For it to be valid evidence in court, that chain can not be broken. There can be no gap, or gray area, as to who had control at any point in time. This parallels quite nicely into the business world. You have assets, whether they be physical or digital in nature. You need to be able to adequately and reliably track those assets. If that chain of custody is important to the business, and you have had challenges being able to track that chain of custody, then blockchain may be an option. Let take a look at a couple of examples.

  • Mortgages: We are all familiar with mortgages. Banks buy and sell mortgages to each other all the time. Some of you may remember a little problem with mortgages and the economy back in 2009? One of the many problems that occurred was that some banks were selling the same mortgage to multiple other banks. Suddenly home owners had multiple banks and mortgage companies claiming ownership of their mortgage and demanding payment (I had several friends live that problem). The challenge was forensically tracking down who was the true owner of the mortgage. Chain of custody, pure and simple. There is a great blog that discusses how blockchain might have helped in that situation here.
  • Supply Chain: Ultimately, if you think about it, supply chain is all about chain of custody. I have product that originates at its point of .creation. That product moves through various channels, handled by various entities, until it reaches its destination or consumer. For any industry, knowing where that product has been, where it currently is, and where it is going is crucial, and can be a challenge. Some recent examples across industries looking at blockchain as a solution include:

Chain of events
Chain of events is similar to chain of custody and could overlap (such as in supply chain, which as well as tracking the asset, is tracking events that occur with the asset during its lifetime). I call it out separately as there are other business scenarios specific to this concept. Chain of events is exactly like it sounds, tracking a series of events where it is important to know when the events occurred, and have a trusted way of verifying the event and where it occurred in the sequence of events. For example:

  • Coursework and transcripts: There has been a lot of discussion and investigation into using blockchain to help maintain and track course work, ultimately providing the information in college transcripts. University of Texas recently did a fascinating POC in that space
  • Electronic Health Records: Probably the best example of a chain of events. Your health care is a series of events, treatments, medications, tests, etc., that are sourced from many locations. Having a way of ensuring the valid sequence of those events is a critical part of your health care. I recently wrote about how that industry is looking to blockchain as a possible way of solving the challenge.

Trust and Multiple parties
Inherent in both of the discussions above is that there are always multiple parties involved, and, due to that fact, being able to trust the information is key to the success of the system. Invariably in most systems today, all the parties have their own copy of information, whether it's a transaction, an asset, or an event. Duplication of information, discrepancy in the information, causes significant time, resources, and money being spent on reconciling and re-confirming the information.

  • This challenge is well known in the financial services world, which is why there are third-party clearing houses whose sole purpose is to validate and reconcile business transactions, providing that extra level of trust needed between parties. This is probably the most well-known and understood use case in the blockchain space. (and why many third-party clearing houses are spending a lot of time and energy on investigating blockchain)
  • I recently had a conversation with someone in the specialty pharmacy space. One of the challenges they have is that multiple entities are involved in tracking the events that occur with a customer. The simple example they gave me was verifying health insurance. Throughout the process, as each business entity processes the flow for the customer, a check is done with the health insurance for coverage. Even if that check has been done previously, it's done again, because that check was done by someone else. This is time-consuming and costly. They are looking at blockchain as a way of possibly dealing with that rework and trust issue. This falls both into the supply chain as well as the EHR both discussed above.

Technology is the vehicle, not the destination
Those of you who know me, know one of my favorite mantra's is ‘Technology is the vehicle, not the destination, figure out where you want to go first, then choose the vehicle that will get you there.' Blockchain is a fascinating technology that could potentially have transformative impact on a variety of industries. That being said, it's still just a vehicle, just a tool. When to use it should be based on business needs and goals. The scenarios I described don't mean ‘If this happens you should use blockchain.' They are meant to be guidelines as to when you might want to be considering blockchain as the possible vehicle. As technologists, it's our responsibility to help the business understand what vehicles and tools are available, and what the tradeoffs involved are. I am thankful to have blockchain as one of those tools and options available to me. Where it goes is still up in the air, and time will tell if it is transformational or not.

About Ed Featherston
Ed Featherston is VP, Principal Architect at Cloud Technology Partners. He brings 35 years of technology experience in designing, building, and implementing large complex solutions. He has significant expertise in systems integration, Internet/intranet, and cloud technologies. He has delivered projects in various industries, including financial services, pharmacy, government and retail.

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Articles & Feature Stories
Blockchain. A day doesn’t seem to go by without seeing articles and discussions about the technology. According to PwC executive Seamus Cushley, approximately $1.4B has been invested in blockchain just last year. In Gartner’s recent hype cycle for emerging technologies, blockchain is approaching the peak. It is considered by Gartner as one of the ‘Key platform-enabling technologies to track.’ While there is a lot of ‘hype vs reality’ discussions going on, there is no arguing that blockchain is being taken very seriously across industries and cannot be ignored.
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Cloud Expo - Cloud Looms Large on SYS-CON.TV



Cloud Expo 2009 Europe Opening Keynote by GoodData

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The World's 30 Most influential Cloud Bloggers
Cloud Expo on Ulitzer
1
Dustin Amrhein 11 Kevin Hoffman 21 Greg O'Connor
2
Ezhil Babaraj 12 Alin Irimie 22 Maureen O'Gara
3
Tony Bishop 13 Kevin Jackson 23 Mark O'Neill
4
Reuven Cohen 14 Fuat Kircaali 24 Bill Roth
5
Ernest de Leon 15 David Linthicum 25 Ellen Rubin
6
David Dean 16 Lori MacVittie 26 John Savageau
7
Ray DePena 17 Bill McColl 27 Michael Sheehan
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Dana Gardner 18 Paul Miller 28 Roman Stanek
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John Gauntt 19 Louis Naugès 29 John Treadway
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Jeremy Geelan 20 Greg Ness 30 Alan Williamson

@CloudExpo Blogs
Blockchain. A day doesn’t seem to go by without seeing articles and discussions about the technology. According to PwC executive Seamus Cushley, approximately $1.4B has been invested in blockchain just last year. In Gartner’s recent hype cycle for emerging technologies, blockchain is approaching the peak. It is considered by Gartner as one of the ‘Key platform-enabling technologies to track.’ While there is a lot of ‘hype vs reality’ discussions going on, there is no arguing that blockchain is being taken very seriously across industries and cannot be ignored.
The nature of test environments is inherently temporary—you set up an environment, run through an automated test suite, and then tear down the environment. If you can reduce the cycle time for this process down to hours or minutes, then you may be able to cut your test environment budgets considerably. The impact of cloud adoption on test environments is a valuable advancement in both cost savings and agility. The on-demand model takes advantage of public cloud APIs requiring only payment for the time needed to run automated tests. In this framework, success depends on two things: automated i...
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settlement products to hedge funds and investment banks. After, he co-founded a revenue cycle management c...
DevOps is under attack because developers don’t want to mess with infrastructure. They will happily own their code into production, but want to use platforms instead of raw automation. That’s changing the landscape that we understand as DevOps with both architecture concepts (CloudNative) and process redefinition (SRE). Rob Hirschfeld’s recent work in Kubernetes operations has led to the conclusion that containers and related platforms have changed the way we should be thinking about DevOps and controlling infrastructure. The rise of Site Reliability Engineering (SRE) is part of that redefini...
Decentralization of everything, the great new idea of which the web can’t stop babbling, might still seem a bit utopian if you inspect it closely. Yes, blockchains are likely to reshape our economy, or a huge part of it, and benefit considerably those who are currently unbanked. They might also facilitate the creation of rating/reputation systems that are not controlled by any single entity and thus allow people (say Uber drivers who’d like to work for Lyft) to switch employers without having to establish their credibility anew. They might give users complete control over their assets; prot...
The need for greater agility and scalability necessitated the digital transformation in the form of following equation: monolithic to microservices to serverless architecture (FaaS). To keep up with the cut-throat competition, the organisations need to update their technology stack to make software development their differentiating factor. Thus microservices architecture emerged as a potential method to provide development teams with greater flexibility and other advantages, such as the ability to deliver applications at warp speed using infrastructure as a service (IaaS) and platform as a ...
Product connectivity goes hand and hand these days with increased use of personal data. New IoT devices are becoming more personalized than ever before. In his session at 22nd Cloud Expo | DXWorld Expo, Nicolas Fierro, CEO of MIMIR Blockchain Solutions, will discuss how in order to protect your data and privacy, IoT applications need to embrace Blockchain technology for a new level of product security never before seen - or needed.
Leading companies, from the Global Fortune 500 to the smallest companies, are adopting hybrid cloud as the path to business advantage. Hybrid cloud depends on cloud services and on-premises infrastructure working in unison. Successful implementations require new levels of data mobility, enabled by an automated and seamless flow across on-premises and cloud resources. In his general session at 21st Cloud Expo, Greg Tevis, an IBM Storage Software Technical Strategist and Customer Solution Architect, explored how storage and software-defined solutions from IBM have evolved for the road ahead. Lea...
Coca-Cola’s Google powered digital signage system lays the groundwork for a more valuable connection between Coke and its customers. Digital signs pair software with high-resolution displays so that a message can be changed instantly based on what the operator wants to communicate or sell. In their Day 3 Keynote at 21st Cloud Expo, Greg Chambers, Global Group Director, Digital Innovation, Coca-Cola, and Vidya Nagarajan, a Senior Product Manager at Google, discussed how from store operations and optimization to employee training and insights, all ultimately create the best customer experience b...
"As we've gone out into the public cloud we've seen that over time we may have lost a few things - we've lost control, we've given up cost to a certain extent, and then security, flexibility," explained Steve Conner, VP of Sales at Cloudistics,in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Blockchain is a shared, secure record of exchange that establishes trust, accountability and transparency across business networks. Supported by the Linux Foundation's open source, open-standards based Hyperledger Project, Blockchain has the potential to improve regulatory compliance, reduce cost as well as advance trade. Are you curious about how Blockchain is built for business? In her session at 21st Cloud Expo, René Bostic, Technical VP of the IBM Cloud Unit in North America, discussed the basics of Blockchain, previewed the Blockchain Reference Architecture, and introduced the mechanics o...
The cloud provides two major advantages to load and performance procedures that help testing teams better model realistic behavior: instant infrastructure and geographic location. Cloud-based load testing also lowers the total cost of ownership, increases flexibility and allows testers to understand the impact of third-party components. So you’re sold on using the cloud; here’s what you should look for in a cloud-based load testing solution.
The use of containers by developers -- and now increasingly IT operators -- has grown from infatuation to deep and abiding love. But as with any long-term affair, the honeymoon soon leads to needing to live well together ... and maybe even getting some relationship help along the way. And so it goes with container orchestration and automation solutions, which are rapidly emerging as the means to maintain the bliss between rapid container adoption and broad container use among multiple cloud hosts. This BriefingsDirect cloud services maturity discussion focuses on new ways to gain container orc...
Bitcoins are a digital cryptocurrency and have been around since 2009. As a substitute for legal tender, they are becoming the rage for investors and others but because there is no government agency auditing or performing regulatory oversights, you wonder if it is the perfect breeding ground for electronic nano crime. Since the introduction of the Bitcoin, some competitors have emerged and the whole segment of cryptocurrencies are defined as Altcoins. Altcoins include Dogecoin, Ethereum Feathercoin, Litecoin, Novacoin, Peercoin, and Zetacoin. Some of these cryptocurrencies are considered impro...
From manual human effort the world is slowly paving its way to a new space where most process are getting replaced with tools and systems to improve efficiency and bring down operational costs. Automation is the next big thing and low code platforms are fueling it in a significant way. The Automation era is here. We are in the fast pace of replacing manual human efforts with machines and processes. In the world of Information Technology too, we are linking disparate systems, softwares and tools to make things self sustaining. This is called Automation.It has been helping companies overcome t...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
Making informed network investment decisions about emerging technologies such as network function virtualization (NFV) and software-defined networking (SDN) can help evolve the network to keep pace with the innovations of the devices and people it’s connecting. As you work with business leaders to make decisions about upgrading your infrastructure with these networking developments, it’s important to understand the similarities, differences, and benefits of dual NFV and SDN implementation. With their ability to offer a new way to design, deploy, and manage the network and its services, NFV a...
Imagine if you will, a retail floor so densely packed with sensors that they can pick up the movements of insects scurrying across a store aisle. Or a component of a piece of factory equipment so well-instrumented that its digital twin provides resolution down to the micrometer.
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, which can process our conversational commands and orchestrate the outcomes we request across our persona...
There is a fundamental flaw in how many people think about digital transformation. First, as we’ve written about extensively at Intellyx, people tend to think about it as a finite corporate project, rather than as a process of continual transformation. There is a deeper flaw in thinking, however, that leads to this type of project mentality. Enterprise leaders commonly think of transformation as something done at a corporate level — something the organization does to itself. But that mindset creates a separation between the act of transformation at an organizational level and the transformatio...
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Past SYS-CON Events
    Cloud Expo East
cloudcomputingexpo
2010east.sys-con.com

 
    Virtualization Expo East
virtualizationconference
2010east.sys-con.com
    Cloud Expo West
cloudcomputingexpo
2009west.sys-con.com

 
    Virtualization Expo West
virtualizationconference
2009west.sys-con.com
    GovIT Expo
govitexpo.com
 
    Cloud Expo Europe
cloudexpoeurope2009.sys-con.com
 

Cloud Expo 2010 Allstar Conference Faculty

SARWAL
Oracle

COFFEE
Salesforce

KHAN
Sybase

BISHOP
Adaptivity

MALCOLM
Abiquo

KHALIDI
Microsoft

RILEY
AWS

AZUA
IBM

BARRETO
Intel

CHAKRAVARTY
Novell

CRANDELL
RightScale

GAUVIN
Virtual Ark

GROSS
Unisys

SCHALK
Google

YEN
Juniper Networks

WILLOUGHBY
Compuware

What The Enterprise IT World Says About Cloud Expo
 
"We had extremely positive feedback from both customers and prospects that attended the show and saw live demos of NaviSite's enterprise cloud based services."
  –William Toll
Sr. Director, Marketing & Strategic Alliances
Navisite
 


 
"More and better leads than ever expected! I have 4-6 follow ups personally."
  –Richard Wellner
Chief Scientist
Univa UD
 


 
"Good crowd, good questions. The event looked very successful."
  –Simon Crosby
CTO
Citrix Systems
 


 
"Great conference and group of speakers, interesting timely announcements, and awesome networking."
  –Ricardo Sanchez
Software Architect
Myriadtech