Enterprise blockchain of today: While some fail, others show potential value
Enterprise blockchain startup Insolar ceases operations, but what went wrong? While the price of Bitcoin (BTC) continues to reach record-breaking all-time highs, the hype around enterprise blockchain adoption may seem like it’s dwindling. Enterprise blockchain started gaining traction in 2017 when Bitcoin’s price hit a high of nearly $20,000. It was during this time that blue-chip companies, such as IBM, JP Morgan and Walmart, announced plans to incorporate blockchain networks into business processes like supply chain management. A number of innovative startups also began building their....
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Though blockchain-enabled consortia became the modus operandi for enterprises, today, they are in a different Web3-infused landscape and it’s vital that they adjust well. Now that the initial hype surrounding blockchain applications and the prolonged blockchain “winter” that followed are left behind, we now find ourselves in the middle of a “spring” that is helping organizations reimagine how they deliver value. So much so that blockchain is expected to add $1.76 trillion to the global economy by 2030, according to PWC. A significant chunk of this uptick is expected to come from....
The Hyperledger Project, an open-source cross-industry endeavor focused on blockchain technology and led by the Linux Foundation will see seven new members. In an announcement today, the Hyperledger Project revealed seven new members join the ranks to help enable the development and rollout of enterprise grade, open-source blockchain solutions. In a statement, newly appointed executive director Brian Behlendorf who is leading the project underlined the potential for blockchain solutions in enterprise. He stated: The enterprise application of blockchain technology is set to change the way....
The enterprise blockchain space in 2020 looks a lot different from previous years, demonstrating the continuation and a drive to mature and advance. Enterprise blockchain started gaining traction in 2017 shortly after Bitcoin had reached its all-time high of nearly $20,000. Since then, enterprise blockchain has mainly been defined by private blockchain networks used by businesses for things such as supply chain management. The enterprise blockchain space has changed quite a bit since 2017. For instance, 2020 has brought in a number of enterprise blockchain use cases that leverage public....
BloqEnterprise is a blockchain operating system for enterprise customers which enables them to create, edit and modify blockchains. The enterprise level distributed ledger technology solutions provider Bloq has waded into the deeper waters of blockchain technology by announcing its very first product, a truly enterprise level product called BloqEnterprise. As the name suggests, this enterprise level solution is a comprehensive Blockchain-based operating system, BOS as it is called. The BloqEnterprise allows companies to tap into the full potential of blockchain technology with tools that....
Enterprise DeFi use could see a rise in 2021, but only if tokenization standards catch on with the mainstream. Decentralized finance has quickly risen to prominence, largely driven by the fact that there is over $11 billion of total value locked in the sector. While it makes sense that DeFi — a space characterized by terms such as "yield farming" and "meme tokens" — has captured the majority of the cryptocurrency sector's attention, the concept is also beginning to catch on within the enterprise world. Stefan Schmidt, chief technology officer of Unibright — an enterprise blockchain....