Written by Nick Roquefort-Villeneuve, Head of Marketing — Ondiflo

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I utterly love those Houston cocktail parties. They’re indeed full of surprises. Inside my Uber on the way to a private function last Saturday, I would have never imagined meeting Mexico’s top-concerts promoter and explaining to him how Blockchain technology can potentially streamline his operations, while eliminating those greedy middlemen. Yes, those intermediaries, who feed off the artists and revenue from ticket sales… So, I figured I’d share with you what I shared with him, while sipping a glass of delicious tequila.

Do’s Number One: Does Blockchain apply to your operations? There are questions that are always wise asking yourself, when thinking of leveraging Blockchain for your business. The first one is quite logical: Does my current system work just fine? If not, you can certainly wonder whether you oftentimes experience trust issues in your relationships with your trading partners. Also, can the middleman be eliminated? Can you conduct your business in a peer-to-peer mode? What limitations are you likely to encounter and can Blockchain bring an answer to those? Keep in mind that using Blockchain makes sense if the (centralized) technology you already have in place is slow, costly, and lacks transparency as well as reliability. Also, keep in mind that Blockchain is extremely demanding in terms of resources (developers, hardware, energy), so it’s not for everyone. …


Written by Nick Roquefort-Villeneuve, Head of Marketing — Ondiflo

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The upsides that Blockchain technology offers are undeniable. The solution we’ve built at Ondiflo is evidence of this. Blockchain technology means decentralization, immutability and security. All participants to a Blockchain network have access to the same data, which creates transparency and therefore trust. Moreover, Blockchain-based applications eliminate intermediaries, offering a true peer-to-peer transactional ecosystem.

Now, upsides are one thing. To implement a Blockchain network successfully is another. And success is certainly not a certainty. Current statistics irrevocably confirm that. …


Written by Nick Roquefort-Villeneuve, Head of Marketing — Ondiflo

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There are statistics that do not inspire much confidence. When you read here and there that 95 percent to 98 percent of all B2B Blockchain projects have ended up failing miserably far before they got into production, what does it say about Blockchain as a technology? It’s a bit like knowing that your favorite team’s starting pitcher in Game 3 of the World Series is showing a 6.5 ERA… I am involved in Blockchain, and I must admit I have a difficult time comprehending why such a horrendous failure rate. However, I totally understand why PSG got recently humiliated by Manchester United. Money doesn’t buy a Champion’s league trophy. Experience does. Back to Blockchain, failure isn’t my experience. …


Written by Nick Roquefort-Villeneuve, Head of Marketing — Ondiflo

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“Arguments over the correct interpretation of an oracle were common, but the oracle was always happy to give another prophecy if more gold was provided.” Man, already in 1400 BC! So many civilizations did fade to nothing, whereas greed certainly stood the test of time… This blog post isn’t about predictions. It’s about reality. And the reality is that a smart contract won’t do it, unless the data that is pushed to the Blockchain and that in turn triggers the smart contract doesn’t go through a potent oracle first.

By definition, an oracle is a provider of data that feeds the smart contract with what it requires to perform its task optimally. In other words, the oracle provides the smart contract with what it needs to see and consequently controls indirectly what the smart control does in response to the data the oracle pushes to the Blockchain. Thus, oracles have a tremendous amount of power, since if the oracle is inefficient then the smart contract will be compromised. …


Written by Nick Roquefort-Villeneuve, Head of Marketing — Ondiflo

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Let’s start with the truth: Blockchain is not for everybody. After all, “truth is like the sun. You can shut it out for a time, but it ain’t goin’ away.” So why not speaking it from the very get-go? And since I’m at it, I must confess that I wouldn’t have just quoted Elvis (not Costello, the other), had Spotify not suggested that I listen to Elvis Presley’s 1973 Aloha from Hawaii Via Satellite concert while writing this piece. It’s all about feeling inspired in the moment.

As you know, there’s been so much hype around Blockchain. Many professionals have been behaving the same way around this technology as my puppy around food. That’s from a place called FOMO, or the fear of missing out. As a result, so many Blockchain projects have been started here and there without much initial considerations, before being sacrificed on the altar of excessive expenditures among other “unforeseen” variables shortly after. …


By Nick Roquefort-Villeneuve, Head of Marketing — Amalto Technologies and Ondiflo

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Specialists have estimated that datacenter storage capacity in 2018 stood at 1,450 exabytes and is expected to grow to a massive 2,300 exabytes by 2021. Yes, that equates respectively to 1.45 and 2.3 zettabytes. I know, you’re wondering why you took Latin in school, instead of ancient Greek… To summarize in plain English: Data storage is huge and is getting huger by the minute. …


By Nick Roquefort-Villeneuve, Head of Marketing— Amalto Technologies and Ondiflo.

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The skeptics are taking over! Well, it certainly sounds like it when reading what the mainstream media have to say about Blockchain technology. Some do not hesitate to see it as the biggest hoax ever, greater than the 17-minute black and white film showing the autopsy of the Roswell alien that was recovered near a New Mexico ranch in 1947. …


By Nick Roquefort-Villeneuve, Head of Marketing — Amalto Technologies and Ondiflo

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Great communication among business partners is key. Well, isn’t it the case in all relationships? The problem is that bad communication with your trading partners cannot be improved in the same way communication with your spouse within the safety of a therapist office can. In fact, you cannot sit your buyer or your vendor across from you and look into each other’s eyes, no talking allowed for three to five minutes, even if it suddenly gets awkward. …


By Nick Roquefort-Villeneuve, Head of Marketing — Amalto Technologies and Ondiflo

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There is a crucial distinction that needs to be made when talking about Blockchain technology, and it pertains to the difference between a cryptocurrency (also called a coin) and a token. Why is that? A few recent news headlines about cryptocurrencies should shed some light:

“Down More than 70% in 2018, Bitcoin Closes Its Worst Year on Record.”

“Calling Crypto a ‘Harsh Mistress,’ ShapeShift Announces Major Layoffs.”

“Crypto Market Risks Dip Below $100 Billion After Dropping $15 Billion in Bad Week.”

“Bain-Backed Crypto Startup Closes as Securities Laws Bite.”

“Fourth suspect arrested after major crypto theft in India.”


By Nick Roquefort-Villeneuve, Head of Marketing — Amalto Technologies and Ondiflo

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Before we go any further, I want to make sure that you’ve fully recovered from your New Year’s Eve celebration. Tuxedo, evening gown, champagne, and the good old “Auld Lang Syne” at the stroke of midnight. Like Billy Crystal in the last scene of When Harry Met Sally, did you share with her, “What does this song mean? My whole life I don’t know what this song means…” And then you kissed… This song invites us to remember people from our past and raise a toast to them. Every choice we’ve made up to now have led us where we are today. And there’s always gratitude to be found in past experiences and past friendships and acquaintances, even the most uncomfortable ones. …

Nick Roquefort-Villeneuve

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