Cloud Computing: Exploring blockchain best fit apps across industries

August 29, 2017 Off By Hoofer

Grazed from CloudTech. Author: David H Deans.

Much of the initial interest in cryptocurrencies centered around their potential as alternatives to fiat currencies. Now attention has shifted to the upside potential of open distributed ledger technologies known as blockchain. A clear indication of blockchain’s increasing maturity is how the emerging fintech sector, which was once dominated by tech start-ups, is becoming crowded with leading IT platform providers — many of whom are developing their own offerings.

The market leaders have been involved in collaborative ventures and consortia. As an example, IBM unveiled Blockchain as a Service (BaaS) for developers back in February 2016 that’s based upon the Hyperledger Fabric. Meanwhile, market demand is growing rapidly across vertical industries…

Juniper Research has found that 57 percent large corporations are either actively considering, or are in the process of deploying, blockchain technology, according to the analysis of the data from their latest worldwide study…

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