Blockchain Ecosystem Round Table Conference

It’s no secret that blockchain technology is the future. But what exactly does that future look like?

Blockchain technology is one of the hottest and most discussed topics around the world this year, with a technology that will transform everything from the finance industry to global supply chains.

There are many exciting developments coming to market both in terms of improving existing blockchain functionality as well as the consumer’s experience.

IBM and Walmart have come together to blockchainize the whole food chain supply.

The event was attended by Auxledger’s founding member Sudhir Chaudhary, and started with an interactive session where IBM showcased its latest work with blockchain, focused on the area where the food supply chain is implemented over blockchain technology.

IBM is optimistic about blockchain and its utilization in enterprises and thus to speed up the go to market time for products, IBM is providing a secure infrastructure with special startup plans.

There are many cloud infrastructures in the market, but are they ready enough to grow at the speed of innovation? There is no central platform which can provide versatility and scalability efficiently at the same time. LINUX One is IBM’s special offering so that blockchain startups who build on open source do not have to migrate their applications and can use the same OS on which they are familiar and comfortable to develop.

The Linux Foundation’s Hyperledger Project is raging its colours with sparkling innovations in the field of blockchain technology. They have achieved the milestone of 10000 TPS with Hyperledger Fabric which was discussed at the round table.

IBM is proven to become the major influencer with its successful innovations in the blockchain industry. Moreover, the IBM sales team was willing to walk the tough sales cycle mile with startups so that startup applications are proven and can achieve finality by showcasing as enterprise grade.

One of the emerging technologies in the blockchain space is the third generation blockchain, clearing out almost all the bottlenecks being faced by organisations due to today’s blockchain stack. Auxledger, with its horizontal scalability and enterprise readiness now is evaluating a migration to Linux One as it is offering critical applications like exchanges and applications for the banking domain.

Now even government organisations are trusting blockchain technology and are acknowledging its potential to improve citizens’ life. The benefit distribution program deployed with the Rajasthan Government was a valid and widely discussed use case which already utilizes IBM infrastructure.