Blockchains can be extended beyond the database paradigm towards a general application platform. These platforms work very differently. For example, they have shared virtualized databases, micropayments and consensus mechanisms, from common on-premise or on-cloud platforms that they have the potential to re-implement the named examples while not allowing one party to monopolize the platform.
The main Blockchains like Bitcoin are an example for a distributed autonomous organization. These are organizations centered around code as their ‘constitution’ and have as its main players users, developers, miners (those that render the infrastructure) and evangelists.
Source: Facebook, Uber, Airbnb, eBay: How Blockchain Can Break Data Monopolists
Companies in financial services, healthcare, energy and other industries are sprinting to begin adopting blockchain — the technology behind Bitcoin that promises to improve efficiency in numerous processes, plus create new business opportunities. But many are doing so simply because of fear of missing out, without a clear understanding of how it can be useful and when it should be applied.
As executives scramble to educate themselves while also leading their companies into what many acknowledge will be a blockchain future, one place to start could be “The Business Blockchain: Promise, Practice, and the Application of the Next Internet Technology,” (Wiley, April 26, 2016) by William Mougayar, a venture capitalist at Virtual Capital Ventures and advisor to some of the more well-known blockchain organizations such as the Ethereum Foundation, which supports the development of a Bitcoin competitor, and peer-to-peer marketplace OpenBazaar.
Source: Looking To Integrate Blockchain Into Your Business? Here’s How – Forbes
Just a few months after the platform’s production launch, the first Ethereum startups are already receiving interest, and in some cases, undisclosed investments, from digital currency-focused VC firms.
Interviews with four of the leading blockchain and digital currency industry investors revealed that many are already performing due diligence on startups utilizing the decentralized application platform. Announced in 2014, Ethereum has gained significant traction of late following a successful hard fork and testing from major financial institutions.
Millions of Microsoft developers are now able to build decentralized applications using the Ethereum blockchain thanks to a collaboration between the software giant and ConsenSys, announced today.
By building Ethereum’s Solidity programming language for writing smart contracts directly into Mircosoft’s Visual Studio platform, developers will be able to build, test and deploy decentralized applications, or dapps, within an integrated environment they already know how to use.But don’t think this is a money play for either ConsenSys, or Microsoft, at least not yet.
A new virtual gold rush is underway. Even as Bitcoin, riven by internal divisions, has struggled, a rival virtual currency — known as Ethereum — has soared in value, climbing 1,000 percent over the last three months.
Beyond the price spike, Ethereum is also attracting attention from giants in finance and technology, like JPMorgan Chase, Microsoft and IBM, which have described it as a sort of Bitcoin 2.0.
The rise of the relatively new virtual currency has been helped by a battle within the Bitcoin community over how the basic Bitcoin software should develop.
Source: The New York Times
BlockApps, a startup providing Ethereum blockchain software for enterprises, has become the first certified offering on Microsoft Azure’s Blockchain-as-a-Service (BaaS) marketplace. With its latest post, Microsoft also announced that asset exchange provider AlphaPoint and Internet-of-Things micropayments startup IOTA have joined its Azure BaaS platform.