Beyond Bitcoin: How the Blockchain Can Power a New Generation of Enterprise Software

Beyond Bitcoin: How the Blockchain Can Power a New Generation of Enterprise Software

This is a guest post by Jesus Rodriguez. Bitcoin has become one of the most intriguing and revolutionary technologies created in the last few years. From a functional standpoint, the cryptocurrency has challenged the most fundamental principles of the world's financial systems by providing a decentralized, secured and trusted model to process financial....


Related News

Enterprise Software Leader SAP Taps Blockchain to Improve its Products

SAP, a multi-national enterprise resource planning software provider, is writing specialized software to allow customers to connect blockchains to its Hana Cloud Platform, which provides an online database for adding new functions to their SAP systems, according to Bloomberg. Juergen Mueller, chief information officer for the Walldorf, Germany-based company, said the blockchain’s potential for disruption is huge. If SAP does not address it, it would be a huge threat, he said. Around 50,000 businesses run SAP’s financial and operations planning software. Companies design accounting,....

Bits of Proof launches 'Red Hat for Bitcoin'

A Hungarian company is about to launch an enterprise-class software product designed to make it easy for businesses to create bitcoin-enabled applications. Bits of Proof (BOP) calls the open-source software, "Red Hat for Bitcoin." The BOP Enterprise Bitcoin Server is a redone version of the core software originally designed by Bitcoin creator Satoshi Nakamoto that communicates with other computers on the Bitcoin network. Bits of Proof founder Tamas Blummer has reworked the algorithm using his own code, creating an entirely new version of the software. He then developed a messaging system....

CoinTerra Acquires Bitcoin Software Developer Bits of Proof

Bitcoin mining hardware firm CoinTerra has announced the acquisition of enterprise software company Bits of Proof. Under the terms of the deal, Bits of Proof CEO Tamás Blummer will join CoinTerra, assuming the position of Vice President of Enterprise Software, while CoinTerra will gain access to BOP assets, including its 'enterprise-ready' implementation of the bitcoin protocol. Bits of Proof (BOP) is a Hungarian software firm that builds business-focused solutions based on block-chain technology. Last year the company launched the BOP Enterprise Bitcoin Server, which it dubbed the 'Red....

PwC Report: Blockchain a 'Once in a Generation' Opportunity for Financial Services

Blockchain marks the next “jump” in business process/optimization technology, according to a newly-released PriceWaterhouseCoopers (PwC) report on fintech. The report, “Blurred lines: How FinTech is shaping Financial Services,” compares blockchain to Enterprise Resource Planning (ERP) software that allowed entities and functions within a business to optimize processes by sharing logic and data within the enterprise. Blockchain, according to the 36-page report, will enable entire industries to optimize business processes by sharing data among organizations that have separate or competing....

Enterprise Ethereum matures, looks to open-source community for standards

Enterprise Ethereum has matured to the point where standards are now needed to ensure further growth and interoperability with other networks. Ethereum is quickly becoming an integral part of the enterprise blockchain ecosystem. As more companies begin to leverage public networks for business, it’s important to keep in mind that the enterprise Ethereum space is still relatively new. Therefore, a number of developments are required before organizations can fully take advantage of the Ethereum blockchain. For example, Dan Burnett, executive director of the Enterprise Ethereum Alliance — an....