Amex, Accenture, Byju’s and others hiring for blockchain developers. Here are the latest job openings

  • According to ‘LinkedIn Emerging Jobs 2020’ report, blockchain developer is the most sought after job role in India — followed by artificial intelligence specialist, and javaScript developer.

  • Smart Contract, Node.js, Hyperledger and Solidity are the top skills to build a career as a blockchain developer.

  • Blockchain developers assist in building services and technology related to blockchain system — which is a list of records linked via cryptography.

  • Here a few opportunities for blockchain developers.

As cryptocurrencies gain ground, related jobs like blockchain developer too are gaining in popularity.

It is the most sought-after job according to ‘LinkedIn Emerging Jobs 2020’ report, followed by artificial intelligence specialist, and javaScript developer.

“India is among the top three countries to lead the world in AI skills with robotic process automation, compliance, and integration as the fastest growing skills,” the report said.


Blockchain developers assist in building services and technology related to blockchain system — which is a list of records linked via cryptography. Smart Contract, Node.js, Hyperledger and Solidity are the top skills to build a career as a blockchain developer.

Every week, Business Insider collates interesting vacancies across marquee organisations. This week we bring job openings for blockchain developers.

Here a few of those opportunities:


Wipro

Position: Blockchain Architect

Location: Bangalore, Pune

Experience: Minimum 10 years

Eligibility: Not Specified

Homegrown technology major Wipro is hiring a blockchain architect. The candidate will be required to design and develop solutions, construct networks and facilitate problem solving for blockchain engineering.

To apply for the job, the candidate must have an understanding of Bitcoin and other cryptocurrencies. He should also be aware of the technologies like cryptography, hash functions and encryption and signatures.

He should have previous experience in blockchain platforms like IBM Hyperledger, Ethereum, Stellar, Ripple and Corda along with the knowledge of programming languages — Java, Scala, Haskell, Erlang, Python and C#.

Interested candidates can apply here.



American Express

Position: Blockchain Engineer

Location: Bangalore

Experience: Minimum 6 years

Eligibility: Bachelor’s degree in Computer Science or other technical domains

American Express is looking to hire a blockchain engineer. The candidate will be responsible for innovating platform architecture and services – via blockchain technology along with performance testing.

The candidate should also be able to create application design and perform automated testing. He will also provide technical assistance to development teams to build new products.

The candidate should be skilled in programming languages like Java, JavaScript and Python. He should have working knowledge of cryptography, API security and consensus algorithms.

Interested candidates can apply here.

Accenture

Position: Blockchain Technologies

Location: Bangalore

Experience: 15 years

Eligibility: Experience in blockchain technologies


Technology giant Accenture is inviting applications for blockchain technologies.The applicant will be responsible for end to end Blockchain RFP response process. He will act as a domain expert for blockchain engineering.

He will also work on blockchain components of delivery by understanding client requirements.

Interested candidates can apply here.



Wolters Kluwer

Position: Blockchain Developer

Location: Pune

Experience: 4-6 years

Eligibility: Bachelor’s degree in technical domain


Wolters Kluwer is looking for a blockchain developer in Pune. The role includes research and design of smart contracts, oracle and Dapps via blockchain technologies.

The selected candidate will have to provide workbench delivery for data scientists and artificial intelligence development initiatives.

He should have experience in cryptocurrency and strong knowledge of technologies like ethereum and hyperledger. He should have working knowledge of programming languages like C#, Java, JavaScript along with data structures and algorithms.


Interested candidates can apply here.

Byju’s (Think & Learn)

Position: Backend Engineer

Location: Bangalore

Experience: Not specified

Eligibility: Coding and software testing skills

Edtech platform Byju’s is hiring candidates for its software development team. The candidate will be responsible for building high quality code and testing as per the SDLC (Software Development Life Cycle).

He will be responsible for building Byju’s core learning platform including backend, big data technologies and machine learning. The candidate should have strong problem solving skills.

Interested candidates can apply here.

See also:

DevOps jobs: Learn these skills to become a Site Reliability Engineer and earn as much as ₹30 lacs per annum

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The Ethereum Community Is No Longer Fighting With Itself

In January 2018, I wrote a tweetstorm that became the “Call for an End To Tribalism in Ethereum” keynote at the Ethereum Community Conference in Paris in March 2018. Kent Barton continued that theme with “Divided We Fail: The Irrational Insanity of Crypto Tribalism” in April 2018.

That Paris conference also saw the launch of the Ethereum Magicians led by my former colleagues Jamie Pitts and Greg Colvin. That group of individuals sought to mature the governance around the ethereum protocol improvement process.

In October 2018, EEA and Hyperledger announced that they were becoming associate members of each others organizations, and would be collaborating on common projects. In April 2019 the Token Taxonomy Initiative was launched, with Microsoft and IBM working together. In June 2019, Microsoft finally joined Hyperledger. Now we just need IBM to join the EEA (hint, hint)!

Tensions between the Ethereum Foundation and the EEA thawed in 2019, with Aya Miyaguchi, the Executive Director of the EF joining the Board of the EEA in August 2019, and the Mainnet Initiative being announced as a collaboration between the EF and the EEA.

In August 2019, ConsenSys announced that it would be joining Hyperledger as a premier member, with founder Joe Lubin joining the governing board. They announced that they would be contributing their Enterprise Ethereum client Pantheon (now renamed as Besu).

Three years after the failure of cpp-ethereum relicensing, we finally had a fully-fledged ETH mainnet client as part of Hyperledger. Besu was written in a mainstream enterprise language – Java, had permissive Apache 2.0 licensing and had mature governance under the Linux Foundation. It was built by a large team of world class software engineers, building to the specifications which the EEA had matured since 2017.

ETC Cooperative funded ETC support and that work was completed by ChainSafe in December 2019. There has been a period of growing collaboration between the ETC ecosystem and the ETH ecosystem in late 2018 and throughout 2019, after several years or hurt feelings and bitterness after “a bad divorce.” Virgil Griffith was key to that detente and has been an excellent friend to ETC.

As my friend John Wolpert said so well in his seminal “Bring on the Stateful Internet” blog post in August 2018:

“I wish we could take all the good work out there the patterns each team in the blockchain space has explored for the past several years and lop off all the brands, the flags, the preciousness we all get when looking at our own babies. We would see it all as a bag full of Legos, a set of potential standards converging on what we really need in order to build awesome new applications that transcend the limitations and troubling central control issues of client/server.”

The artificial boundary we have put in place in our minds between “public chains” and “private chains” is fading rapidly. All our different technologies, whether we call them blockchains, or DLTs, or distributed databases, should be interoperable.

One chain to rule them all is maximalist nonsense. Our future evidently has multiple chains. L1s and L2s. State channels, rollups, Plasma, Lightning, counterfactual instantiation, L2 privacy solutions, off chain compute, every type of consensus under the sun. Integration with legacy systems is critically important too. Blockchain is not a silver bullet.

At the close of 2019, we are in a completely different place than we were during the high drama of 2016. Former rivals (both within ethereum and across the broader enterprise blockchain ecosystem) are pulling together in a way that is a delightful contrast to the fractured landscape of the near past. Collaboration is proving the winning strategy over cut-throat competition. This trend will only accelerate into 2020.

Maturity of governance is also finally being seen as the critical foundation for collaboration which it truly is. The whole ecosystem is finally growing up.

In 2016 I wrote:

“We have the opportunity to build a set of technologies in the next few years which could have similar societal impacts as the Internet, the World Wide Web and open source languages, relational databases, etc. We are building a decentralized computing platform which every individual on Earth should benefit from.”

“These technologies need to reach into every nook and cranny of our computing fabric: big and small, public and private, independent and corporate; smartwatches to mainframes.”

“This is a large and ambitious undertaking that is addictive and all-consuming for many of us. Diversity of viewpoints, a broad spectrum of use-cases to mature the base technology, and an open and inclusive attitude and environment of collaboration will help us achieve our shared goals.”

In 2020, that dream is closer to becoming a reality. It is a sheer delight to have had such a front-row seat to this revolution. Bring it on!

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Global Blockchain Technology in Construction and Mining Equipment Market Growth Evaluation …

Blockchain Technology in Construction and Mining EquipmentMarket Size, Status and Forecast 2019-2025

The new research report on “Global Blockchain Technology in Construction and Mining Equipment Market Forecast 2019-2025” offered by Market Research Place gives accurate data of significant drivers, limitations, challenges of current market trends, and forecast 2019-2025. The report study on Blockchain Technology in Construction and Mining Equipment answers several questions like future market opportunities, global and regional distribution, for stakeholders.

The market report aims to make detail analysis and in-depth research on the development environment, market size, share, and development trend. It’s a well-drafted report for those who are eager to know the existing market status at the global level. All contents featured in this report were gathered and validated via extensive research methods such as primary research, secondary research, and SWOT analysis. Here, the base year is considered as 2018 for the research while, the historical data is also taken for projecting the market outlook for the period between 2019 and 2025.

Some of the key players’ Analysis in Blockchain Technology in Construction and Mining Equipment Market: Bitcoin, Ethereum, Hyperledger (a Linux Foundation Collaborative Project), RSK Labs, Consensus Systems (ConsenSys), Project Provenance Ltd/Provenance, and Productive Edge LLC

GET FREE SAMPLE COPY OF THIS REPORT AT:

BLOCKCHAIN TECHNOLOGY IN CONSTRUCTION AND MINING EQUIPMENT MARKET SIZE, SHARE, TREND, STATUS AND FORECAST 2019-2025

One of the crucial parts of this report comprises Blockchain Technology in Construction and Mining Equipment industry key vendor’s discussion about the brand’s summary, profiles, market revenue, and financial analysis. The report will help market players build future business strategies and discover worldwide competition. A detailed segmentation analysis of the market is done on producers, regions, type and applications in the report.

On the basis of geographically, the market report covers data points for multiple geographies such as United States, Europe, China, Japan, Southeast Asia, India, and Central & South America

Analysis of the market:

Other important factors studied in this report include demand and supply dynamics, industry processes, import & export scenario, R&D development activities, and cost structures. Besides, consumption demand and supply figures, cost of production, gross profit margins, and selling price of products are also estimated in this report.

Predominant Questions Answered in This Report Are:

  • Which segments will perform well in the Blockchain Technology in Construction and Mining Equipment market over the forecasted years?
  • In which markets companies should authorize their presence?
  • What are the forecasted growth rates for the market?
  • What are the long-lasting defects of the industry?
  • How share market changes their values by different manufacturing brands?
  • What are the qualities and shortcomings of the key players?
  • What are the major end result and effects of the five strengths study of industry?

The conclusion part of their report focuses on the existing competitive analysis of the market. We have added some useful insights for both industries and clients. All leading manufacturers included in this report take care of expanding operations in regions. Here, we express our acknowledgment for the support and assistance from the Blockchain Technology in Construction and Mining Equipment industry experts and publicizing engineers as well as the examination group’s survey and conventions. Market rate, volume, income, demand and supply data are also examined.

Table of Contents

2019-2025 Global Blockchain Technology in Construction and Mining Equipment Market Report (Status and Outlook)

  • 1 Scope of the Report
  • 2 Executive Summary
  • 3 Global Blockchain Technology in Construction and Mining Equipment by Players
  • 4 Blockchain Technology in Construction and Mining Equipment by Regions
  • 5 Americas
  • 6 APAC
  • 7 Europe
  • 8 Middle East & Africa
  • 9 Market Drivers, Challenges and Trends
  • 10 Global Blockchain Technology in Construction and Mining Equipment Market Forecast
  • 11 Key Players Analysis
  • 12 Research Findings and Conclusion

Customization of the Report:

This report can be customized to meet the client’s requirements. Please connect with our sales team, who will ensure that you get a report that suits your needs.

About Us:

Market research is the new buzzword in the market, which helps in understanding the market potential of any product in the market. Reports And Markets is not just another company in this domain but is a part of a veteran group called Algoro Research Consultants Pvt. Ltd. It offers premium progressive statistical surveying, market research reports, analysis & forecast data for a wide range of sectors both for the government and private agencies all across the world.

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This post was originally published on Market Research Sheets

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How 2019 Was The Tipping Point For Private Blockchain Solutions


The year 2019 saw the launch of several private blockchain roll outs in the enterprise space, both in India and across the globe. Here, one of the most important developments was the launch of Hyperledger Fabric 1.4 in January 2019, which was its first long term support release. This was an important milestone in the adoption of enterprise blockchain as maintainers of Fabric network will now provide continuous bug fixes for each following versions. Also, programming model improvements in the Node.js SDK and Node.js chaincode makes the development of decentralized applications more intuitive, allowing developers to focus on application logic.

Hyperledger Led Private Blockchain Adoption In Open Source

Hyperledger has been the most prominent open source enterprise blockchain network launched in December 2015 by the Linux Foundation, and receiving contributions from IBM, Intel and SAP Ariba, to support the collaborative development of blockchain-based distributed ledgers. In 2019, apart from its Fabric blockchain product which has been used by hundreds of companies across the globe, Hyperledger Sawtooth also saw adoption from companies like Salesforce, Lamborghini, Target, Cargill.

Hyperledger Fabric Won The Open Source Race For Private Blockchain Ecosystem in 2019

Apart from using Hyperledger for specific enterprise use cases like supply chain management and distributed applications, other companies tweaked the open source software for serving their own customers. For example, In November 2019, Accenture announced that it developed and tested a solution called Blockchain Integration Framework which allows two or more blockchain enabled ecosystems to integrate and achieve interoperability as an end goal. A tutorial demonstrated sending an asset file between two enterprise blockchain networks, namely a generic deployment of Hyperledger Fabric and JP Morgan’s Quorum network using Accenture’s own blockchain interoperability solution, which Accenture has opensourced for all developers. Given there is a large interest among enterprises, India’s tech companies like



MindTree, Tech Mahindra joined Hyperledger Foundation to leverage its blockchain capabilities in 2019.

Accenture’s Blockchain Integration Framework

IBM Also Proved Leadership With Innovative Blockchain Products For 2019

As far as enterprise vendors in the blockchain space are concerned, IBM clearly won the race on the global level with innovative launches. In 2019, we saw IBM introducing Trust Your Supplier Network along with blockchain consultancy firm Chainyard. Along with IBM, Fortune 500 companies including Anheuser-Busch InBev, GlaxoSmithKline, Lenovo, Nokia, Schneider Electric and Vodafone are founding participants in the Trust Your Supplier (TYS) network.


W3Schools


Another IBM’s blockchain project called Food Trust added big players in the food sector including Walmart, Nestle, Tyson Foods, French supermarket chain Carrefour, Dole Foods, Unilever, and US grocery giants Kroger and Albertsons. Both of these blockchain networks run on the IBM Blockchain Platform which is built to run on-premises and in multi-cloud environments. With the platform, organisations can create, test and debug smart contracts, and also connect to Hyperledger Fabric. IBM also in 2019 also launched a new supply chain service caled Sterling Supply Chain Suite based on its blockchain platform and open-source software from recently-acquired Red Hat that allows developers and third-party apps to integrate legacy corporate data systems onto a distributed ledger.

Another large scale private deployment of blockchain technology in 2019 was when the OOC Oil & Gas Blockchain Consortium announced it completed a trial for blockchain-based authorization for expenditure (AFE) balloting after it acquired tech from Canadian firm GuildOne. The alliance consists of several major oil companies including Chevron, ExxonMobil and Shell. Automaker BMW and logistics provider DHL worked on a blockchain proof of concept (PoC) for the former’s Asia Pacific supply chain operations to provide better visibility for parts shipped from Malaysia. In these two cases, it became clear that apart from open source technologies like Hyperledger or blockchain technologies from large vendors such as IBM, there are niche tech companies and consortiums working to develop in-house distributed ledgers for supply chains and trust/identity management.

Gartner’s Hype Cycle for Blockchain Business 2019

What’s Happening In India For Private Blockchain Ecosystem?

In India, the enterprise adoption of blockchain is on the rise with multiple proof of concepts happening in both public and private enterprises. In fact, blockchain developer is India’s fastest growing emerging job role, as per a Linkedin report. To highlight the rising trend of private blockchain solutions, we saw in 2019 that major Indian IT solution providers like TCS, Infosys and Wipro launched their blockchain-focused products for businesses. Software major Infosys launched blockchain-powered distributed applications for government services, insurers and supply chain management verticals. The applications are planned for business systems to guarantee speedy deployment, and interoperability crosswise over divergent frameworks of significant value chain partners and cases including analytics and IoT (Internet of Things), Infosys said.

Services and consulting firm Tata Consultancy Services (TCS) introduced an innovative a “low code” development kit for organizations interested in developing and deploying blockchain technology quickly. The Quartz DevKit is a web-based development platform coupled with plug-and-play components that can be reused to help speed up the process. The company claims that these features enable shaving off as much as 40% of the total time required to develop and deploy the solutions. R Vivekananda, Global Head of Quartz at TCS, stated that they had received very positive feedback from pilot customers to their kit.

Unlike Infosys and TCS, Wipro made strides in enterprise payments space in partnership with blockchain firm R3, where the duo together developed a prototype in 2019 to execute digital currency payments for interbank financial settlements for a consortium consisting of the Bank of Thailand and 8 commercial banks in Thailand. Built as a component of the first phase of Project Inthanon, the solution will deliver de-centralized interbank real-time gross settlement (RTGS) using wholesale Central Bank Digital Currency (CBDC) in Thailand. The solution highlights that central banks across the globe are taking interest in hiring software companies to deploy blockchain solutions for payment and finance-related activities. It is to be noted that R3 developed a similar enterprise payments solution in 2019 with other companies too, including SAP and Accenture.

Overview

2019 saw multiple POCs coming into action for helping create enterprise blockchain networks for different purposes. The trend was clear- blockchain technologies created a trusted environment for data transmissions between virtual networks or devices while increasing efficiency of such exchanges. According to research, 75% of IoT technology implementers in America have already adopted distributed ledger or are working on adopting it by the end of 2020 out of more than 500 U.S. companies. Yet, Gartner’s Hype Cycle (above) for Blockchain Business also shows that most blockchain technologies are still 5-10 years away from transformational impact.


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India’s Tata aims to speed up app development on Ethereum, Hyperledger, R3 Corda

Services and consulting firm Tata Consultancy Services (TCS) has launched a “low code” development kit for organizations interested in developing and deploying blockchain technology quickly.

According to a press release issued by the Mumbai-based company, the Quartz DevKit, as the solution is called, “abstracts out the complexity” of developing smart contracts on a blockchain by using pre-built templates for each step of the process and making the finished contract ready to be deployed on Hyperledger Fabric, Ethereum, and R3 Corda.

The Quartz DevKit is a web-based development platform coupled with plug-and-play components that can be reused to help speed up the process. The company claims that these features enable shaving off as much as 40% of the total time required to develop and deploy the solutions. R Vivekananda, Global Head of Quartz at TCS, stated that they had received “very positive” feedback from pilot customers to their kit.

The kit is part of the company’s Smart Ledger solutions aimed at organizations interested in harnessing blockchain technology. In addition to the Quartz DevKit, the other solutions integrated into the solution are the Quartz Gateway and Quartz Command Center. The latter is used for monitoring blockchain systems while the former is used to integrate third-party systems with a company’s blockchain.

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TCS got into blockchain early. In 2016, the company claimed that it had more than 100 blockchain-related projects under development. Earlier this year, itparticipated in a cross-border settlement of securities between banks in Kuwait and Morocco using the BaNCS Network—a private, permissioned ledger that the company has developed for its customers in the financial services and insurance industry.

Meanwhile TCS competitor Infosys completed a global blockchain trial of trade finance in September in partnership with blockchain consortium R3.

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Global Blockchain Platforms Software Market 2019-2025| Leading Players like |IBM, Intel, Microsoft …

The Global Blockchain Platforms Software Market report provides definitive data concerning market, size, commercialization aspects and revenue forecast of the industry. In addition, the study explicitly highlights the competitive status of key players within the projection timeline while focusing on their portfolio and regional expansion endeavours. Additionally, it presents a determined business outlook of the market along with the summary of some of the leading market players. The study is ubiquitous of the major insights related to the regional spectrum of this vertical as well as the companies that have effectively gained a commendable status in the Blockchain Platforms Software Market. Major Players included in this report are IBM, Intel, Microsoft, Ripple, Hyperledger, R3 Corda, Amazon, Ethereum.

The report highlights the limitations and strong points of the well-known players through SWOT analysis. It also assesses their growth in the market. Additionally, the global Blockchain Platforms Software market report covers the major product & applications categories & segments. The assessment is estimated with the help of in-depth market research. It also highlights the impact of Porter’s Five Forces on the market expansion. The Blockchain Platforms Software market study analyzes the global Blockchain Platforms Software market in terms of size [k MT] and revenue [USD Million]. Further, the report analyzes the global Blockchain Platforms Software market based on the product type and customer segments. It also calculates the growth of each segment in the Blockchain Platforms Software market over the predicted time. The report focuses on the key global Blockchain Platforms Software manufacturers, to define, describe and analyze the sales volume, value, market competition landscape, market share, and development plans in future years.

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The report comprehensively analyzes the Global Blockchain Platforms Software market status, supply, sales, and production. The Blockchain Platforms Software market shares of production and sales are evaluated along with the review of the production, capacity, sales, and revenue. Various aspects such as Blockchain Platforms Software import/export, price, gross margin, consumption, and cost are also analyzed. On the whole, the report covers the Global Blockchain Platforms Software market view and its growth probability for upcoming years. The client gets wide knowledge and deep perceptive of Blockchain Platforms Software restraints, distinct drivers, and factors impacting the industry. So that they can plan their growth map of the Blockchain Platforms Software industry for the coming years. In short, the Global Blockchain Platforms Software Market report offers a one-stop solution to all the key players covering various aspects of the industry like growth statistics, development history, industry share, Blockchain Platforms Software market presence, potential buyers, consumption forecast, data sources, and beneficial conclusion

The global Blockchain Platforms Software research report presents data collected from various regulatory organizations to assess the growth of every segment. In addition, the study also assesses the global Blockchain Platforms Software market on the basis of the geography. It analyzes the macro- and microeconomic factors influencing the market growth in each region. The global Blockchain Platforms Software market is further bifurcated on the basis of the regions Latin America, Asia Pacific, North America, Europe, and Middle East & Africa too.

Market Segment by Type, covers :

Private, Public, Consortium

Market Segment by Applications, can be divided into :

E-Commerce, Finance, Medicine, Real Estate

Objective of Studies:

1. To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global Blockchain Platforms Software market.

2. To provide insights about factors affecting the market growth. To analyse the Blockchain Platforms Software market based on various factors- price analysis, supply chain analysis, Porte five force analysis etc.

3. To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, Latin America and Rest of the World.

4. To provide country level analysis of the market with respect to the current market size and future prospective.

5. To provide country level analysis of the market for segment by application, product type and sub-segments.

6. To provide strategic profiling of key players in the market, comprehensively analysing their core competencies, and drawing a competitive landscape for the market.

7. To track and analyse competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Blockchain Platforms Software market.

Target Audience of Blockchain Platforms Software Market:

Manufacturer / Potential Investors

Traders, Distributors, Wholesalers, Retailers, Importers and Exporters

Association and government bodies

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In the final section of the Blockchain Platforms Software market report, we have provided the global Blockchain Platforms Software market structure analysis and a detailed competition landscape with company market share and performance to provide a competitive dashboard view of key players operating in the global Blockchain Platforms Software market along with their business strategies. This is expected to enable clients to assess strategies deployed by market leaders and help them develop effective strategies accordingly.

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Ethereum is Still the Business Blockchain of Choice

A recent working paper by German bank Aareal and the Frankfurt School Blockchain Centre reviewed four major blockchain and distributed ledger technology (DLT) projects with the aim of helping corporate decision makers choose the most suitable one for their business needs. The paper, titled How Should Companies Select a Specific Blockchain Framework?, looked at various functions and features of the competitors and analysed key points such as performance values, cost efficiency and security.

While each of the four – Ethereum, Hyperledger Fabric, R3 Corda, and Quasar/Stellar – were deemed to hold advantages in certain scenarios, Ethereum edged ahead overall, even in a permissioned environment, due to its open source nature and global distribution enhancing its security aspects.

All Round Blockchain

The authors of the paper, Daniel Höfelmann and Philipp Sander, recognised that being permissionless and public made Ethereum “the all round blockchain” but voiced concerns over its possible transaction volumes and highlighted past setbacks to show that its “…complexity can overwhelm many Ethereum developers.”

It was suggested that Hyperledger Fabric, R3 Corda and Quasar/Stellar share similar strengths and weaknesses but Fabric’s association with the Linux Foundation provided added confidence that they could deliver on large or complex projects.

Evaluating Quasar/Stellar proved problematic as gaps were found by the researchers in terms of a shortage of data and documentation outside of a test environment.

Although not directly evaluated in the paper for any of the blockchains and DLTs under review, the authors clearly see that trust is the major asset for any proprietary vendor in a permissioned network because only the “…vendor can validate issues and problems and maintain and evolve the technology as a whole.”

As a result, without explicit trust in the provider by the participants, all permissioned DLT solutions face the “…loss of all significant attributes, which are especially attributed to the public blockchains.”

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Blockchain startup Digital Asset secures $35M in Series C round

New York-based blockchain startup Digital Asset has raised over $35 million in Series C funding round, bringing its total funding to $150 million to date.

The round drew support from new and existing investors led by Jefferson River Capital, the family office of former Blackstone president Tony James, and the Australian Securities Exchange (ASX), CoinDesk reported.

The company said that the fresh funding will be used to accelerate the adoption of the open-source DAML smart contract language across multiple industries and to expand the number and variety of DAML-enabled partner products. Part of the funding will also be used to fund new products that aim to enhance the DAML developer experience, specifically project:DABL, a cloud-based prototyping, and production environment for DAML applications.

“DAML allows you to focus only on what you need to do to differentiate your product and eliminate the complexity that doesn’t provide value to your organization,” said Yuval Rooz, co-founder and CEO of Digital Asset. “Ninety percent of development time is wasted on undifferentiated work. With this new funding, we will go further on this mission to focus on the 10 percent value-add by providing a world-class smart contract experience regardless of where your application runs.”

Earlier this year, Digital Asset open-sourced its smart contract language DAML, which helps automate business processes and digitally facilitate, verify, and enforce agreements between two or more entities. The company provides commercial integrations of DAML with partner platforms, allowing organizations of any size to develop “secure, sophisticated, compliant, and operationally solid applications faster and deploy them to any ledger.”

In April, Digital Asset partnered with VMware to integrate DAML with VMware Blockchain. Further integrations with Hyperledger Sawtooth, Hyperledger Fabric, Corda, and Amazon’s QLDB and Aurora databases have been announced.

ASX selected Digital Asset in 2016 to replace its Clearing House Electronic Subregister System (CHESS) with a distributed ledger technology (DLT)-based system. Earlier this year, ASX signed a three-party memorandum of understanding (MOU) with Digital Asset and VMware in order to provide its DLT offering with support from these two firms.

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Accenture open sources enterprise blockchain interoperability solution with Hyperledger

Last month, Accenture quietly open-sourced its Blockchain Integration Framework (BIF) via Hyperledger. The project is an interoperability solution that currently supports Hyperledger Fabric, Quorum and R3’s Corda. BIF aims to enable the exchange of on-chain data or assets between separate permissioned blockchains or networks.

There are hopes for the initiative to eventually become a Hyperleddger project, but given its infancy, it is currently part of the “Hyperledger Lab”.

There’s an increasing demand to enable enterprise blockchains to interoperate. Trade networks need to talk to each other, and the banks involved in trade finance networks want to tap into the data stored on the trade blockchains.

BIF is not Accenture‘s first run at the interoperability issue. More than a year ago it unveiled a very different version which required a trusted interoperability node. That involved a centralized server sitting between two networks, a not-so-desirable solution for decentralized applications.

However, unlike its predecessor, the latest incarnation, BIF, set out to achieve interoperability “without a middleman”.

How it works: the export, import process

Essentially interoperability involves exporting data. When you export physical goods, many parties verify the shipment and the export process. That might include getting an export license, a certificate of origin, a bill of lading and several other documents.

The critical point is the importer and its bank know the transaction is legitimate even before seeing the goods because other organizations have said so.

Likewise, the BIF blockchain interoperability approach assumes that several parties confirm the exported data is correct.

So each network has a set of “interoperability validators”. These interoperability validators confirm to the second network that the outgoing data is legitimate. The second blockchain network can verify the proof based on the public keys of the first chain’s validators.

What’s in store?

A critical aspect of interoperability is identity management. Every network will have a way to manage the identity of participants. Hence part of the roadmap is to integrate the Hyperledger Indy identity framework.

Other future features include atomic swaps in which one asset is exchanged for another in real-time. If one leg fails, then both fail, to avoid the situation where an asset is transferred, but the payment doesn’t complete. Plus there are plans to integrate with additional ledgers such as Hyperledger Sawtooth and Digital Asset.

In order to graduate from Hyperledger Labs to a fully-fledged project, the initiative will need to expand its community and documentation. It already appears that Fujitsu is a participant.

Other blockchain interoperability initiatives

Accenture certainly isn’t the first to tackle interoperability, and likely not the last. There are a variety of technical approaches.

In fact, Hyperledger has another interoperability project, Quilt, which is the open-source version of Interledger originally developed by Ripple and used to exchange payments or currencies.

Also targeted at permissioned networks, Clearmatics, the developer behind the Utility Settlement Coin (USC) project has its ION protocol. This enables separate private Ethereum networks to interoperate as well as with Hyperledger Fabric.

Meanwhile, R3 would argue that Corda has interoperability baked in. Its Corda Network enables separate Corda ledgers, if they so choose, to interoperate by using a shared network and identity infrastructure. But it only works with other Corda dApps.

Quant has its Overledger protocol which it positions as a messaging layer for multi-ledger applications.

And in the public blockchain world, there are solutions such as Cosmos, Polkadot and Aion that assume a hub and spoke approach. In contrast, Ark uses Smartbridge, which acts as a messaging layer.

Sidechains were initially invented to help public blockchains to scale be moving transactions off the main blockchain. But these are also an interoperability tool because private blockchains can run as sidechains of public blockchains. OneLedger seems to be in the early stages of working on this concept. And along these lines, ConsenSys released a paper earlier this year entitled “Atomic Crosschain Transactions for Ethereum Private Sidechains.”

So there’s plenty of work happening on the technical solutions to interoperability. Accenture, with its diverse range of enterprise blockchain projects, is in a great position to figure out what’s needed. But the technology is only one important piece of the interoperability puzzle. Issues such as standards and governance may prove to be even harder.


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