How IBM Is Driving The Future Of Blockchain
On Halloween day 2008, a mysterious paper entitled Bitcoin: A Peer-to-Peer Electronic Cash System appeared on a cryptography mailing list. Its author, Satoshi Nakamoto, was a pseudonym and, to this day, no one is absolutely sure of his or her true identity. Nevertheless, the revolution the paper unleashed was all too real.
While the objective of the Bitcoin paper was to establish an alternative currency — a concept that had great resonance in the midst of the global financial crisis — it soon became clear to many that the underlying technology, called blockchain, could be of even greater utility as a distributed database.
It was based on that idea that alternative, open-source blockchain platforms, such as Ethereum and Hyperledger started to appear and IBM saw an opportunity use blockchain as an operating system for data. It’s still early days, but the rough outlines are beginning to take shape and the implications are likely to be just as profound as the Internet itself.
From Point-to-Point to Peer-to-Peer
Everybody who has ever run a business knows how difficult it can be to earn trust. Customers need to trust that you can deliver a reliable product or service and suppliers need to trust that you will pay them. For entrepreneurs and startups especially, building that…
