ConsenSys, Ethereum och Blockchain allt populärare i Fintech

Fintech blir allt populärare i takt med att finansindustrin digitaliseras. Jag håller själv på att lära mig BlockChain, som nu har blivit av allt större intresse inom Sakernas Internet eller IOT. Något som jag håller på att sätta mig in i.

Stann Higgins skriver på Coindesk: IBM Reveals Proof of Concept for Blockchain-Powered Internet of Things

IBM has unveiled its proof of concept for ADEPT, a system developed in partnership with Samsung that uses elements of bitcoin’s underlying design to build a distributed network of devices – a decentralized Internet of Things.

The ADEPT concept, or Autonomous Decentralized Peer-to-Peer Telemetry, taps blockchains to provide the backbone of the system, utilizing a mix of proof-of-work and proof-of-stake to secure transactions.

IBM and Samsung chose three protocols – BitTorrent (file sharing), Ethereum (smart contracts) and TeleHash (peer-to-peer messaging) – to underpin the ADEPT concept. ADEPT was formally unveiled at CES 2015 in Las Vegas.

Nathaniel Popper skriver i New York Times: Ethereum, a Virtual Currency, Enables Transactions That Rival Bitcoin’s

Like Bitcoin, the Ethereum system is built on a blockchain in which every transaction is recorded publicly. The promise of such a system is that it allows the exchange of money and assets more quickly and more cheaply than relying on a long chain of middlemen.

But Ethereum has also won fans with its promise to do much more than Bitcoin. In addition to the virtual currency, the software provides a way to create online markets and programmable transactions known as smart contracts.

The system is complicated enough that even people who know it well have trouble describing it in plain English. But one application in development would let farmers put their produce up for sale directly to consumers and take payment directly from consumers. There are already dozens of functioning applications built on Ethereum, enabling new ways to manage and pay for electricity, sports bets and even Ponzi schemes.
Continue reading the main story

All of this work is still very early. The first full public version of the Ethereum software was recently released, and the system could face some of the same technical and legal problems that have tarnished Bitcoin.

Many Bitcoin advocates say Ethereum will face more security problems than Bitcoin because of the greater complexity of the software. Thus far, Ethereum has faced much less testing, and many fewer attacks, than Bitcoin. The novel design of Ethereum may also invite intense scrutiny by authorities given that potentially fraudulent contracts, like the Ponzi schemes, can be written directly into the Ethereum system.

But the sophisticated capabilities of the system have made it fascinating to some executives in corporate America. IBM said last year that it was experimenting with Ethereum as a way to control real world objects in the so-called Internet of things.

Det här är ett utomordentligt intressant och viktig område som kommer att förändra den globala finansindustrin. Förhoppningsvis kommer jag att kunna skriva mer om det framöver.


USABloggen på Twitter

Fler inlägg om Kalifornien