Cutting through the blockchain complexity

Photo by Nina Ž. on Unsplash

The difficulties of dealing with Blockchain technology.

In mid-February, the MIT Technology Review published an insightful article from Mike Orcutt where he presented and explained the technical issues Blockchain is currently facing. In his essay, he highlighted how one of the Blockchain core foundations can also become an important point of weakness. “Because transactions on a blockchain cannot be undone, deploying a smart contract is a bit like launching a rocket, the software cannot make a mistake.”

So, why Blockchain?

We should admit the fact that it is not always easy to explain to someone what is so revolutionary about blockchain. So, let’s make it simple. A blockchain is a ledger of transactions which is distributed in a peer-to-peer network. All the transactions are signed by a cryptographic system. To validate the registration in the ledger, a consensus mechanism, that was defined at the creation of the blockchain, is applied by the various participants (represented by computers). This builds collaboration and trust between the participants.

The promising potential

Even though in 2018, a general mistrust appeared around the ICO, dramatically disturbing the cryptocurrencies markets, companies are still continuing to explore Blockchain capabilities and global spending is eventually going to increase in 2019.

Global spending market share for the Finance industry

“the future state of the blockchain world relies on collaboration and building bridges between organizations and communities.“

So, how can Rockside support this new era?

Rockside is a blockchain service provider that dramatically simplifies the implementation and the operation of the network. Not a tier application like many blockchain SaaS models, Rockside is tailored for on-premise deployment using the company infrastructure (including private cloud) and ultimately in compliance with the IT requirement. By supporting companies in creating their own gateways (known as nodes), we believe Rockside is the right way to build services on top of Blockchain.


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Blockchain Studio

We are a creative software studio which strives to increase the knowledge on blockchain, to facilitate the usage of this technology and to accelerate the implementation of DApps for businesses.

Claire DOUANGMALA

Written by

@Blockchain Studio

Blockchain Studio

We are a creative software studio which strives to increase the knowledge on blockchain, to facilitate the usage of this technology and to accelerate the implementation of DApps for businesses.