Article

We Need to Talk About Blockchain

Posted December 17, 2019 in Business Technology & Digital Transformation Strategies, Data Analytics & Digital Technologies Cutter Business Technology Journal
talkaboutblockchain

This article focuses primarily on what blockchain is, the role of DLT in a digital economy architecture, and a new layer of the Internet, formed of ecosystem-type architectures. They clarify how blockchain and DLT networks have been changing the way complex enterprises (which do not trust each other) can automate collaboration. An extensive discussion of smart contracts, including the use of custom user tokens and identity and dispute resolution, elucidates how blockchain-based solutions enable consensus. The authors introduce and explain a new building block of the digital economy: a new layer of the Internet intended to create communication, storage, and execution services among many external participants. “Blockchain” is merely one name for this layer, although the name, according to them, is inadequate.

About The Author
Philip Greenwood
Philip Greenwood is cofounder and Managing Director of Ipseita, a consultancy that helps clients design leading-edge services, products, and tools for “trustless” systems. He is the originator of the Nymidy self-sovereign identity concept, which he has been developing since 2015. Mr. Greenwood is a technology strategist with extensive experience in the specification, implementation, and management of IT projects. He has worked for major clients… Read More
Mark Woodman
Mark Woodman is cofounder and CTO of Ipseita, a consultancy that helps clients design leading-edge services, products, and tools for “trustless” systems. He is codeveloper of the Nymidy self-sovereign identity concept. As Emeritus (Full) Professor of IT, Dr. Woodman uses his R&D skills when developing innovative solutions for clients, applies academic rigor to process design, and utilizes his educational experience helping others connect… Read More
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