Blockchain is not just for techies

NEW DELHI: Blockchain technology has gone far beyond its association with crypto currency and is finding relevance in a variety of fields including banking, healthcare and logistics.

Blockchain is particularly useful when cross-organisational data is involved. The technology makes it near impossible to modify the data, and that enables trust within the network of organisations involved.

In India, over 14 states, including Karnataka, Andhra Pradesh and Telangana, are running blockchain pilots and projects, and various organisations that have traditionally been competitors are coalescing into industry consortiums to leverage the technology.

Blockchain in India is still in its initial stages, says Manish Jain, partner, digital and fintech, KPMG India. “We could see hiring happening more at the senior architect level. Mass hiring is still some time away,” he says.

Digital lending company CredRight’s co-founder Neeraj Bansal says the startup has been looking for Ethereum (blockchain-based platform) developers who can work with other blockchainbased third-party products. “The demand for blockchain developers and project managers is very high, but availability of talent that can guide startups is very limited,” he says.

Who should upskill?

Blockchain technology is relevant for coders who could look to build blockchain products. It is also relevant for tech managers/ project managers/ tech architects looking at product development and architecting solutions.

It is relevant for banking and finance, legal and other professionals who are evaluating use cases for blockchain application.

Blockchain coders need to have coding experience, preferably in Java, and a good sense of mathematics. It’s also essential to have knowledge of both the foundational development aspects (of Ethereum, Hyperledger Fabric and Composer) and functional aspects (hands-on projects and case studies).

Mayank Kumar, co-founder of edtech platform upGrad, says while the majority of the learners who enrol for the blockchain programme is from tech backgrounds, 30% are finance professionals and 10% are healthcare professionals. “We have seen over 120% quarterly rise in enrollments for our programme launched in September 2018,” he says.

Job roles

Development enthusiasts: Professionals with 2-5 years of experience who aim to understand, develop and deploy the network from scratch. They are wellversed in development platforms like Hyperledger and Ethereum.

Tech architects: Professionals with 7-10+ years of experience in the IT industry, with a strong affinity towards development and implementation of technology.

Blockchain managers: Professionals who have spent over 10 years in the IT industry and who understand the business applications of the technology, and are domain experts

RACE360 Conference

If you are thinking of a career in emerging technologies like blockchain, cybersecurity or artificial intelligence, you should be at RACE360, an emerging technology conference in Bengaluru organised by REVA Academy for Corporate Excellence (RACE) and supported by The Times of India. Among the speakers are Dilip Khandelwal, MD, SAP Labs; Deep Thomas, chief data and analytics officer, Aditya Birla Group; Vishal Salvi, CISO and head of delivery cyber practice, Infosys; Pravin Hungund, CTO, Wipro; Sandeep Vijayaraghavan, VP, cybersecurity practice, Terra Logic; and many more. Apart from the knowledge sessions, there will be workshops, hackathons and panel discussions.


Who should attend: Working professionals


Where: Hotel Lalit Ashok, Bengaluru


When: August 28


To register, log onto: www.race360.in

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Tech Giants IBM and Tata Communications Join the Hedera Hashgraph Governing Council

In a major breakthrough development, tech giants IBM and the Tata Communications group of India have officially joined the governance council of Hedera Hashgraph. Hedera Hashgraph is a public network similar to blockchain specifically designed for businesses and enterprises.

Just a year ago in August 2018, Hedera raised a whopping $124 million for future developments, despite a massive slowdown in the crypto market. The Hedera network is backed by some of the industry giants like hedgefund BlockTower Capital and the Digital Currency Group.

Hedera plans to have a total of 39 members in its governing council. Apart from the latest entrants like Tata and IBM, some other big members include Deutsche Telecom AG and Nomura Co Ltd. Speaking to CoinDesk, Hedera CEO Mance Harmon said:

“Our goal is to create the most decentralized governing body of any of the major public platforms. We’re covering multiple industries … and we’re wanting global coverage.”

Hedera’s Distributed Ledger Technology (DLT) works differently compared to other blockchain networks. The Hedera network supports distributed file storage along with micropayments and smart contracts. In the future, it also plans to support the merging of the private network into public and take the benefit of its transaction ordering mechanism.

Adding Feather to Its Cap

With giants like IBM and Tata partnering with Hedera, the Hedera project will get a huge boost. Besides, IBM notes that Hedera’s unique ability to unify private and public network is of key interest to them. IBM says that it will use this feature to create trust in the company’s Hyperledger Fabric networks.

In his turn, Bryan Gross, principal offering manager of the IBM Blockchain Platform, noted:

“The most exciting part is the proposed Hedera Consensus Service. It has the potential to provide the core innovation of proof-of-work blockchains, like bitcoin and ethereum, without the performance and privacy trade-offs that are typically associated with these networks.”

Adding to it, Hedera chief Harmon said: “Hedera Consensus Service makes it possible for Hyperledger projects out there to use the service to put transactions in order and eliminate the need for them to stand up nodes for transaction ordering, and they get the trust model of a public network”.

Harmon thinks that with major giants like IBM and Tata joining the Hedera network will help in its further decentralization. The Hedera governance as such includes many checks that prevent any sort of power centralization taking place. The council members have an equal say in setting up policies for the network as well as approving updates to Hedera’s codebase.

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2019 Blockchain Platforms Software Market | size | analysis | share | outlook to 2024 By | IBM, Intel …

The Blockchain Platforms Software Market report provides in-depth unique Insights with manufacturers, suppliers, distributors, traders, customers, investors and major types as well as applications and forecast period. The report provides a unique tool for evaluating the Overall Market, underlining opportunities, and supporting strategic and tactical decision-making.

Blockchain technology is a decentralized solution to tracking, documenting, and facilitating transactions. These tools create a public ledger relying on globally distributed historical transactions to prevent tampering and fraud. Each interaction is documented in a database that relies on each previous, time-stamped transaction to verify and execute an exchange.

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Blockchain Platforms Software Market research study involved the extensive use of both primary and secondary sources. The market research process involved the study of various factors affecting the industry to identify the segmentation types, industry trends, key players, competitive landscape, key market dynamics, and key player strategies.

Top key players covered in this report:

IBM

Intel

Microsoft

Ethereum

Ripple

Quorum

Hyperledger

R3 Corda

EOS

OpenChain

Stellar

SAP and more….

This report focuses on the Blockchain Platforms Software Market in global market, especially in United States, China, Europe, Japan, Southeast Asia, India and more.

Market Segment by Type, covers

Private

Public

Key Questions Answered in Report

What are factor which lead this market to next level?

What will the market Demand and what will be Growth?

What are the opportunities to Blockchain Platforms Software market in future?

What are the strengths of the key players?

What are the key of Blockchain Platforms Software market?

Market Segment by Applications, can be divided into

E-Commerce

Finance

Medicine

Real Estate

Others

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Table of Contents

1 Scope of the Report

2 Executive Summary

3 Global Blockchain Platforms Software by Players

4 Blockchain Platforms Software by Regions

5 Americas

6 APAC

7 Europe

8 Middle East & Africa

9 Market Drivers, Challenges and Trends

10 Global Blockchain Platforms Software Market Forecast

11 Key Players Analysis

11.1 IBM

11.1.1 Company Details

11.1.2 Blockchain Platforms Software Product Offered

11.1.3 IBM Blockchain Platforms Software Revenue, Gross Margin and Market Share (2017-2019)

11.1.4 Main Business Overview

11.1.5 IBM News

11.2 Intel

11.2.1 Company Details

11.2.2 Blockchain Platforms Software Product Offered

11.2.3 Intel Blockchain Platforms Software Revenue, Gross Margin and Market Share (2017-2019)

11.2.4 Main Business Overview

11.2.5 Intel News

11.3 Microsoft

11.3.1 Company Details

11.3.2 Blockchain Platforms Software Product Offered

11.3.3 Microsoft Blockchain Platforms Software Revenue, Gross Margin and Market Share (2017-2019)

11.3.4 Main Business Overview

11.3.5 Microsoft News

11.4 Ethereum

………TOC continued

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IBM and Tata Join Hedera Hashgraph’s Governing Council

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“An interesting way to enhance and simplify the deployment of Hyperledger Fabric in the enterprise”

IBM and India’s Tata have joined the governing council of startup Hedera Hashgraph, a distributed ledger technology (DLT) specialist that claims a unique distributed consensus algorithm, invented and patented by co-founder Leemon Baird.

The decision is a coup and a credibility boost for Hedera Hashgraph. The company is one of a sprawling array of DLT providers touting esoteric capabilities – often indecipherable to mortals unfamiliar with cryptographic arcana – that have arguably yet to be demonstrated providing any meaningful utility to business.

It hopes to build a 39-strong governing council. Members will have “equal say in approving updates to the Hedera platform codebase and in setting policies for the many nodes that will constitute Hedera’s decentralised network.”

Hedera Hashgraph is not-quite-a-blockchain; its ledger requires distributed consensus and shares many similarities, but does not require energy-intensive proof-of-work. Last year it touted an enthusiastic valuation of $6 billion.

It claims to be “fair, fast, Byzantine, ACID compliant, efficient, inexpensive, timestamped, and DoS resistant… The hashgraph is Byzantine Fault Tolerant (BFT) by the strongest definition – asynchronous BFT (AFT).”

Hedera co-founders Mance Harmon and Leemon Baird previously worked together building machine learning algorithms for the US Air Force.

Harmon went on, Forbes reports, to manage a US government software program for missile-defense systems. In 2015, he and Baird cofounded Swirlds, which builds private blockchains for large companies, and they started working on Hedera hashgraph. Baird has a computer science PhD from Carnegie Mellon and invented Hedera’s algorithm.

IBM said its interest lies Hedera’s potential to “enhance” Hyperledger Fabric: the DLT that Big Blue helped develop and which underpins a range of its blockchain initiatives, including its TradeLens platform: a blockchain service for the shipping sector.

See also: TradeLens’ Two New Mega Members Put “Half World’s Shipping Data” on IBM’s Blockchain

Jerry Cuomo, VP of blockchain technologies at IBM, said in a release shared today: “We are excited to join the Hedera Governing Council and explore relationships between public networks and industry-specific networks.

“Hyperledger has proven to be the de facto standard enterprises use to build, manage, and deploy blockchain-based ledgers. We believe Hedera could help provide an interesting way to enhance and simplify the deployment of Hyperledger Fabric in the enterprise, making it easier for groups to build and grow their networks.”

Those with an interest in consensus algorithms can peruse Hedera Hashgraph’s whitepaper here [pdf].

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Truffle supports three new blockchains to promote utilization for businesses

Truffle has worked with Ethereum’s development framework so far, but it will provide a variety of blockchain development frameworks that are not limited to Ethereum. A development environment that can compile and deploy contract code, manage addresses, etc. This is a familiar tool for those who have ever developed DApps or studied Ethereum.

According to the company’s CEO Tim Coulter, the company plans to focus on the enterprise blockchain in the future, and three new blockchains are Corda and Hyperledger. Tezos.

If you focus on the enterprise, Corda and Hyperledger Fabric will not feel strange. Corda is a DLT promoted by R3.

Hyperledger Fabric, on the other hand, is a consortium blockchain framework promoted by IBM. There are also many demonstration experiments, but a good example of actual operation is a trade lens (TradeLens) applied to marine insurance.

Tezos is publicly available as a public blockchain, and many people may find it strange to use it as a corporate blockchain. However, security tokens have been issued more recently in the blockchain.

In the largest case, a Brazilian investment bank called BTG Pactual has announced that it will issue tokens of up to $ 1 billion (about 106 billion yen) with real estate securitization on Tezos blockchain.

Recently, the Swiss stock exchange has announced the implementation of trading the security tokens issued in the public blockchain within the consortium blockchain, as well as examples for use in demonstration experiments. is increasing.

About Post Author

Miu Lin

Miu is a journalism major and has been writing as a business journalist for various dailies before joining OBN. She currently writes about blockchain, cryptocurrencies and business news.

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Blockchain Platforms Software Market 2019 Huge Technological Development – IBM, Intel …

Blockchain Platforms Software

Global Blockchain Platforms Software Market Size, Status And Forecast 2019-2025

This Report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data which enhances the understanding, scope and application of this report.

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Blockchain technology is a decentralized solution to tracking, documenting, and facilitating transactions. These tools create a public ledger relying on globally distributed historical transactions to prevent tampering and fraud. Each interaction is documented in a database that relies on each previous, time-stamped transaction to verify and execute an exchange. Blockchain technology was first utilized for financial transactions, but can be applied to a variety of industries such as e-commerce, supply chain management, and data integration.

Prominent Players in the Global Blockchain Platforms Software Market are –

IBM, Intel, Microsoft, Ethereum, Ripple, Quorum, Hyperledger, R3 Corda, EOS, OpenChain, Stellar, SAP, Amazon, Mastercard

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Dagchain versus Hyperledger | Comparison 2019

Blockchain innovation has been around since 2008. That is the point at which a pseudonymous individual or a group of individuals called Satoshi Nakamoto distributed a paper reporting the new innovation. From that point forward, cryptocurrency dependent on blockchain advancements, as Bitcoin and Litecoin, have multiplied broadly.

Such a large number of digital currencies have jumped up over the previous decade that the entire subject can feel overpowering. In this article, we’ll demystify the ideas of digital money and the innovation that it’s based on and talk about the contrasts among Dagchain and Hyperledger.

Hyperledger

Dagchain HyperledgerDagchain Hyperledger

The Hyperledger venture is a communitarian exertion propelled by the Linux Foundation in 2016. Its expressed point is to unite individuals from various ventures so as to investigate the uses of blockchain innovation. The Hyperledger task does not have its own cryptocurrency. It plans to progress blockchain innovation and think of new uses for it.

Hyperledger’s individuals incorporate pioneers from the banking, figuring, and aeronautics ventures. Its individuals incorporate Airbus, American Express, Cisco, and Deutsche Bank, to give some examples.

Hyperledger records a scope of various activities on its site, all including better approaches to utilize blockchain innovation. For instance, the project known as Burrow is gone for improving the manner in which keen contracts work, and the Hyperledger Quilt is intended to make installments and exchanges simpler crosswise over various records.

Issues with Hyperledger

The Hyperledger venture has created a few advancements in the field of blockchain innovation, yet the project works in an unbending top-down design. The general population and gatherings that remain to profit the most from it are as of now in the worldwide one percent. The Hyperledger project needs clear and quick advantage for the vast majority of the world’s residents, particularly for those in developing countries.

Dagchain

Dagchain is the innovation that backs the cryptocurrency known as Dagcoin. It was made because of the deficiencies in blockchain innovation, which we’ll get into later in this content piece.

Dagcoin

Dagchain HyperledgerDagchain Hyperledger

Dagcoin is the money sponsored by Dagchain. It was considered with the objective of making a decentralized digital currency for use in developing nations. The thought was to enable common individuals to adapt to a general sense uncalled for framework and to help individuals manage the issues brought about by money depreciation.

The Dagcoin cryptographic money is planned to be much the same as a normal cash, just better. Rather than simply one more item to trade, Dagcoin will likely be the most usable currency ever.

Dagcoin expects to be a stage up from normal cash also. This implies improving the speed of exchanges while diminishing the cost, offering access to cash to more individuals with lesser confinements and impediments, giving more opportunity to execute.

How Is Dagchain Different from Hyperledger?

Dagchain does not work on a blockchain arrangement. It’s anything but a progression of blocks; rather, each different exchange frames its own block. The blocks are then connected to past exchanges so as to shape what’s known as a coordinated non-cyclic chart, or DAG.

The Dagchain was intended to be brisk moving and solid enough to back a typical currency. It was intended to democratize cryptocurrency and increment its versatility. While industry pioneers and huge business are free to utilize Dagcoin, the innovation was initially intended for use in the developing scene. It was planned to keep running as easily as could be expected under the circumstances and to be available to individuals who might not have foundations in innovation.

In contrast to different digital forms of money, it doesn’t depend on miners/diggers to affirm exchanges. Dagchain has each new individual from the system affirm in any event one past exchange. This implies there is no two-level framework, as there is in different cryptocurrencies, in which miners/diggers are advantaged over different clients. It likewise implies that there is a motivating force to keep Dagchain working rapidly, since each new client needs to affirm past exchanges before including their own exchange.

The Breakdown:

Dagchain is new innovation that looks to cure issues that emerged with blockchain innovation. It makes digital currency available to individuals around the globe. It Speeds up the affirmation procedure for exchanges and wipes out the two-level framework in many cryptographic forms of money.

Hyperledger runs on blockchain innovation, backs blockchain undertakings bolstered by figuring, aeronautics, and banking pioneers. It does not host a cryptographic money.

Concluding Thoughts

Dagchain and Hyperledger differ in the way they work just as in their planned uses. Albeit both have their underlying foundations in blockchain’s “distributed ledger” framework, Hyperledger means to investigate new uses for blockchain, while Dagchain stays away from it altogether with an end goal to expand exchange speeds while diminishing or wiping out expenses.

They were additionally made considering entirely various uses; Hyperledger expects to streamline installments and exchanges for enormous banks, while Dagcoin was imagined with an end goal to make a steady, decentralized cash to help clients in creating nations. On its way of becoming the cryptocurrency of the future, Dagcoin also educates the masses through marketing by providing knowledge about the benefits of digital currencies.

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Truffle To Introduce New Range Of Tools for Corda, Hyperledger Fabric, Tezos

Market NewsAugust 3, 2019 by Kelly Cromley

Truffle, blockchain development firm, has launched plans to widen its totally administered developer suite to encompass support for blockchain covenants such as Corda, Tezos and Hyperledger Fabric.

Truffle founder and CEO Tim Coulter unveiled plans at TruffleCon 2019 – Truffle’s annual developer conference – on Microsoft’s centre in Redmond, Washington.

Coulter explained how the tools will give way for partnership via interoperability:

“We are empowering developers to build enterprise-grade solutions on any network of their choosing, creating a path for future cross-network collaboration.”

The Truffle Suite is a totally administered blockchain for developer workflow, from backend job on smart contracts to frontend development of applications. Truffle’s coding tools were introduced back in 2015, when they were built from in association with ConsenSys venture production studio.

Truffle raised $3 million later on and collaborated with Goldman Sachs and JP Morgan, and also Microsoft Azure.

Truffle’s developer suite has been created to power the blockchain covenants of Ethereum and Quorum. The transportation group Blockchain in Transport Alliance (BiTA) is making an attempt to push forward supply chain compatibility via blockchain technology.

BiTA president Patrick Duffy has mentioned the group’s objective, indicating that blockchain “has the potential to smooth the transactions that occur between shippers and carriers, but it requires the active participation of transportation leaders.”

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Truffle Announces Upcoming Dev Support for Corda, Hyperledger Fabric, Tezos

Blockchain development company Truffle has unveiled plans to expand its fully managed developer suite to include support for the blockchain protocols Corda, Hyperledger Fabric and Tezos.

Truffle founder and CEO Tim Coulter announced the company’s plans at TruffleCon 2019 — Truffle’s annual dev conference — on Microsoft’s campus in Redmond, Washington. Coulter commented on how he thinks these tools will pave the way for collaboration via interoperability, saying:

“We are empowering developers to build enterprise-grade solutions on any network of their choosing, creating a path for future cross-network collaboration.”

According to a press release shared with Cointelegraph, the Truffle Suite is a fully managed blockchain for dev workflow, from backend work on smart contracts to frontend creation of applications.

Truffle’s developer tools reportedly date back to 2015, when they were developed from within ConsenSys’ venture production studio. As further noted, Truffle later received a $3 million investment in 2019 and partnered with Goldman Sachs and JP Morgan, as well as Microsoft Azure.

At press time, Truffle’s developer suite supports the blockchain protocols of Ethereum and Quorum.

Interoperability outside of code development

Having interoperable industry systems is a goal in fairly disparate contexts. As previously reported by Cointelegraph, the transportation group Blockchain in Transport Alliance (BiTA) is attempting to drive supply chain interoperability through blockchain technology. BiTA president Patrick Duffy has commented on the group’s goals, noting that blockchain “has the potential to smooth the transactions that occur between shippers and carriers, but it requires the active participation of transportation leaders.”

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Truffle Is Set To Release Development Tools For 3 New Networks; Hyperledger, Tezos, R3’s Corda

ConsenSys-Backed-Truffle-Is-Set-To-Release-Development-Tools-For-Three-New-NetworksConsenSys-Backed-Truffle-Is-Set-To-Release-Development-Tools-For-Three-New-Networks

Truffle, a popular company that creates dev tools for Ethereum and was backed by the Ethereum accelerator ConsenSys has decided to branch out. Now, the company will no longer be limited to releasing tools for ETH developers.

According to the new announcement made by the company, three new blockchain networks are set to receive development kits as well. The CEO of the company, Tim Coulter, has decided to make the official announcement on TruffleCon, an important conference in Seattle that is focused on the products of the company.

Coulter affirmed that Hyperledger Fabric, R3’s Corda and Tezos will all receive development tools soon and that Ethereum will cease to be the only focus of the group.

Truffle’s vice president and head of global strategies Wesley McVay also present at the conference. He affirmed that they were proud to celebrate again. Last year, they announced that the company had just been able to reach a total of one million downloads. This year, they were proud to announce the new integrations of the product.

If Ethereum was all about open-source development, now the focus of the company may vary a bit. Both Corda and Hyperledger Fabric are very important blockchains which are focused on enterprises.

These platforms were created by big consortiums which were focused on catering to a new market: companies seeking to offer blockchain-related products. They are backed by giants of the technology such as IBM and have a completely different focus than Ethereum.

Tezos, on the other hand, is somewhat more similar to what Truffle was offering with ETH. Tezos is a public blockchain network that currently has a market cap of around one billion dollars. Major companies are developing on top of the technology, which also makes it another interesting choice for developers.

Integration Is The Future

According to Brian Behlendorf, the executive director of Hyperledger, Truffle is making an important advancement for communities which used to be divided before. According to him, by releasing this set of tools for developers, the communities that will be helped by Truffle will be ready for better integration.

He also affirmed that this can be seen as a huge step for compatibility and interoperability between the different protocols. This can bring better smart contracts to the market and ultimately benefit both the Hyperledger and Ethereum developers at the same time.

Truffle’s representatives have also spoken about interoperability as one of the goals of the company. With over 3.4 downloads of its Ethereum-based project, the company is set to grow a lot more by integrating different technologies.

According to the company, the goal for the future is to let developers use their tools to start developing for whatever network they want and then integrate their protocols.

Integration seems, in fact, to be the trend of the future. A recent gaming project called Blockade Games has just started to create a bridge between the Bitcoin Lightning Network and Ethereum, for instance, and it seems that this is just the start. More and more projects are bound to be integrated in the near future, connecting what were once very distinct and unrelated projects.

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