BlocWatch is proud to announce becoming a part of the growing community of global Hyperledger enterprise blockchain members. Some key supporting members include IBM, Microsoft, JPMorgan, Accenture, American Express, FedEx, and Oracle. We believe that working with companies like Hyperledger will aide in the overall adoption of blockchain technologies. The importance of collaboration among companies in the Blockchain space can not be emphasized enough if we wish to continue to see an upward trend of in-production application use cases.
In the past few months, the blockchain space has seen the adoption of platforms across various industries increase. One of the most surprising cases of adoption was the partnership between Microsoft and JPMorgan to create an Ethereum based network called Quorum. Quorum provides the Ethereum functionality with enhancements to support enterprise needs. Since all the actors on the network are known entities, you no longer need to reward your “miners” with Eth Gas or utilize proof-of-work algorithms. As a result, Quorum users see a significant increase in security and speed when validating new transactions to the network.
The BlocWatch team will be speaking and exhibiting next week at the Blockchain Expo North America conference in Santa Clara (booth 715). Please stop by to visit the team to discuss ways BlocWatch can help you monitor, analyze, and secure your blockchain network.
You’ve successfully set up your Blockchain network on some platform (Hyperledger Fabric, Ethereum, Corda, Quorum, etc…) and made it past your proof of concept and pre-production stages. While Blockchain is inherently secure as an immutable (can’t be altered) data structure, it still requires keeping an eye on the users, algorithms, and incoming data interacting on your chain.
Emerging technologies are often difficult to understand and even harder to implement. With the release of Amazon Quick Starts (AQS), software architects are now able to deploy a wide range of different technologies in near real-time. Ranging from SAP databases to IBM Machine Learning to Managed Blockchains, AQS cuts down countless steps into just a couple of manual procedures. This is a huge benefit to companies that are interested in testing the waters without having to pump money into proof of concepts. The benefits of deploying a managed blockchain on AQS span further than saving time and capital.
Hyperledger recently announced the much-anticipated release of its latest project: Avalon. Avalon represents a trusted computing framework and, by extension, a leap forward in addressing the key blockchain issues of scalability and confidentiality. Before Avalon, users often addressed these issues by conducting the relevant transactions off-chain. That choice represented a trade-off where users sacrificed transparency which is gained through on-chain transaction for off-chain transactional speed and security.