Thinking about blockchain? Do it in the cloud

DAVID LINTHICUM | January 18, 2019

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According tofigures provided to CoinDeskfrom jobs site Indeed.com, searches for roles involving bitcoin,blockchain, and cryptocurrency dropped by 3.06 percent from October 2017 to October 2018.Why? My experience is that enterprises are dealing something that turned out to be much more complex than the hype led them to believe. So, many enterprises have shelved blockchain efforts, opting instead to spend the money on cloud migration. Blockchain does have value for secure monetary transfer, because it provides both central and distributed trust. There are other potential use cases, but to my mind the one that has real potential for enterprises is supply chain management.A supply chain can span hundreds of stages and many locations. Moreover, you have to deal with thousands of invoices and payments over hundreds of banking systems, and deal with long-running transactions that can takes years to complete.

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