We are at a global crossing point and if we manage to solve some of the problems that we have created in the past decades, the world can become a better place. When the world wide web was developed 28 years ago, the objective was to create a decentralised world wide web. However, somehow, we ended up with a world wide web which is in the hands of a few very powerful companies. As a result, the internet can go down for millions of people if one of those companies has a problem. This was the case a few months ago, when AWS experienced ‘a glitch’, or better know a typo, which brought down the[...]
A few days ago, The Merkle ran a story that R3CEV, the largest blockchain consortium of banks and technology firms, admitted that the technology they are developing does not use a blockchain and as such they admitted defeat. A day before that article, R3CEV released a story about when a blockchain is not a blockchain to explain that what the R3 partnership is developing is actually not a blockchain, but an open source distributed ledger technology (Corda). As R3CEV explains in their article, it is “heavily inspired by and captures the benefits of blockchain systems, but with design [...]
Technological advancements have reduced global poverty significantly in the past 100 years. Although many people have been able to leave poverty due to this, however, still more than 1.3 billion people live in extreme poverty. Extreme poverty is defined as having less than $1.25 to spend every day. There are a wide variety of causes for poverty, which differ per country, but in general causes for poverty include: lack of education, environmental problems, lack of access to banking facilities, lack of legal ownership of property, lack of rule of law, overpopulation, epidemic diseases or [...]
Blockchain technology will enable us to decentralise the web and decentralise many, if not all, the services that are offered via the web. A decentralised internet was how the internet was originally envisioned, but somehow in the past 25 years, it ended up in the hands of a few very powerful companies. As Sir Tim Berners-Lee said during the Decentralised Web Summit in 2016:
“The web was designed to be decentralised so that everybody could participate by having their own domain and having their own webserver and this hasn’t worked out. Instead, we’ve got the situation where individual [...]
The Blockchain has the potential to completely change our societies. However, it is still a nascent technology, one which can be difficult to grasp. Therefore, I am writing a series of blog posts on what is the blockchain. This is part 5 and the final blog post of this series. The first blog post was a generic introduction to the blockchain. The second post provided insights into consensus mechanisms and different types of blockchain. The third post offered information on five challenges of the blockchain that need to be solved and the fourth post talked about smart contracts on the [...]
Blockchain is rapidly gaining attention from organisations in every industry. However, it is a difficult to understand technology that, if not executed correctly could result in serious harm for your organisation. Therefore, in this series of posts on the blockchain, I explain what the Blockchain is and how it affects your organisation. The first part was a generic introduction on the Blockchain, while the second part focused on different types of blockchains and dApps. The third blog provided insights in several startups that are working hard on developing the required technology as well as [...]
In this series of posts, I am providing insights in a technology that will change our world. Blockchain has been said to be as important invention as the Internet and Johann Palychata, a research analyst from BNP Baripas, called Blockchain an invention like the steam or combustion engine.
In part 1 of this series I gave an introduction to Blockchain and in part 2 I provided insights in different types of Blockchain and consensus algorithms. This third part will discuss some of the major challenges we will need to overcome to make Blockchain truly change our world for the better. But first, [...]
For the tech-savvy people among us, the Blockchain might be nothing new and it may be clear that it will have a big impact on the world. However, for many people, the Blockchain is still a mystery, a puzzle or an unknown unknown. Therefore, in a series of posts, I share with you what the Blockchain is, how it works and how it will completely change the world as we know it, if we get it right.
In my first post about the Blockchain, I explained the basics of the Blockchain and in this post I will go a bit deeper and talk about the different types of Blockchains, some examples of dApps and [...]
Blockchain is growing in importance. Increasingly organisations have to explore what this revolutionary technology will mean for their business. Marc Andreessen from the well-known VC firm Andreessen Horowitz calls it as big an invention as the internet. Last year, in my Big Data Trends prediction for 2016, I already foresaw that 2016 would become the year of the Blockchain and now also Gartner has included in their Hype Cycle for Emerging Technologies.
Many organisations are already exploring the possibilities of the Blockchain, although primarily still in the Financial Services industry. [...]