Blockchain

The $100B Blockchain Proof Of Concept Hiding In Plain Sight

Nastel Technologies®
January 11, 2019
The $100B Blockchain Proof Of Concept Hiding In Plain Sight
The $100B Blockchain Proof Of Concept Hiding In Plain Sight

Are you measuring the health of the blockchain industry by the cryptocurrency market? If so, you’re missing the real story.

Last year, perceptions of blockchain technology were caught in the crossfire of both cryptocurrencies swift peak and dramatic plunge. It’s not surprising: cryptocurrency is the first and most visible application of blockchains, and many people think they are one and the same. It may be convenient and easy to use price or market cap to summarize the industry narrative. But it’s incorrect. The blockchain space is vast, spanning industries, each with different adoption curves and opportunities—and the nuanced value of the nascent technology isn’t reflected in these numbers. In fact, focusing on these metrics obscures what is really happening inside the space, putting execs at risk of developing blind spots that hide potentially disruptive development as it gathers steam.

But as billions poured into cryptocurrency in 2018, we did we learn something meaningful.  The world got a high-stakes proof of concept exploring if blockchains could really be a way to safely transfer digital value from one party to another. Even as large-scale hacks of companies with poor custody practices filled the news, millions of people around the world contributed to a global battle test to see if the technology could safely hold or transfer, at times, well over a hundred billion dollars of digital value in the form of blockchain-driven cryptocurrency. This revealed challenges ahead (the need to evolve consensus and governance mechanisms, improve user experience, and get to regulatory clarity, to name just a few). But it also showed us that yes, blockchains can safely transfer digital value.

 

 

 

This article originally appeared on Forbes.com.  To read the full article, click here.

 

 

 

 

Nastel Technologies uses machine learning to detect anomalies, behavior and sentiment, accelerate decisions, satisfy customers, innovate continuously.  To answer business-centric questions and provide actionable guidance for decision-makers, Nastel’s AutoPilot® for Analytics fuses:

  • Advanced predictive anomaly detection, Bayesian Classification and other machine learning algorithms
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  • End-to-end business transaction tracking that spans technologies, tiers, and organizations
  • Intuitive, easy-to-use data visualizations and dashboards

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Nastel Technologies is the global leader in Integration Infrastructure Management (i2M). It helps companies achieve flawless delivery of digital services powered by integration infrastructure by delivering Middleware Management, Monitoring, Tracking, and Analytics to detect anomalies, accelerate decisions, and enable customers to constantly innovate, to answer business-centric questions, and provide actionable guidance for decision-makers. It is particularly focused on IBM MQ, Apache Kafka, Solace, TIBCO EMS, ACE/IIB and also supports RabbitMQ, ActiveMQ, Blockchain, IOT, DataPower, MFT and many more.

 

The Nastel i2M Platform provides:

  • Secure self-service configuration management with auditing for governance & compliance
  • Message management for Application Development, Test, & Support
  • Real-time performance monitoring, alerting, and remediation
  • Business transaction tracking and IT message tracing
  • AIOps and APM
  • Automation for CI/CD DevOps
  • Analytics for root cause analysis & Management Information (MI)
  • Integration with ITSM/SIEM solutions including ServiceNow, Splunk, & AppDynamics

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