— Jean-Baptiste Lefevre (@jblefevre60) December 5, 2017
CNBC interview with James Disney, Credit Suisse’s global head of software investment banking.
Blockchain technology can reduce the time to settle a leveraged buyout from 20 to 30 days to a matter of minutes.
Disney likened bitcoin to email: Bitcoin is the first “killer” blockchain technology app, just like email was the first “killer” internet app.
In a Quora interview, Ripple CEO Brad Garlinghouse said too many people are using blockchain “as a buzzword”. And “Blockchain tourists” are littering the space with concepts which could be better served as databases”.
Blockchain is like the new big data or AI – too many people are using it as a buzzword and not focused solving a real problem. We like to call them Blockchain tourists! There are many applications that are nothing more than science experiments.
Some of the uses being implemented for blockchain could actually work better with a database. There are examples out there that blockchain is not most applicable for and that is why Ripple is focused on a real world use case, solving a real (and very large) customer problem, which has converted into commercial traction that is unmatched in the enterprise blockchain space.
If you’re evaluating a blockchain solution over a traditional database approach, this article over at spectrum.ieee.org maybe just the ticket.
According to a study released this July by Juniper Research, more than half the world’s largest companies are now researching blockchain technologies with the goal of integrating them into their products. Projects are already under way that will disrupt the management of health care records, property titles, supply chains, and even our online identities. But before we remount the entire digital ecosystem on blockchain technology, it would be wise to take stock of what makes the approach unique and what costs are associated with it.
Blockchain technology is, in essence, a novel way to manage data. As such, it competes with the data-management systems we already have. Relational databases, which orient information in updatable tables of columns and rows, are the technical foundation of many services we use today. Decades of market exposure and well-funded research by companies like Oracle Corp. have expanded the functionality and hardened the security of relational databases. However, they suffer from one major constraint: They put the task of storing and updating entries in the hands of one or a few entities, whom you have to trust won’t mess with the data or get hacked.
www.finextra.com reports that Sweden’s SEB is working with Nasdaq to develop a prototype for a mutual fund trading platform based on blockchain technology.