Enterprise Blockchain Newsletter #13
There is a lot to unpack in this 13th edition of the enterprise blockchain newsletter! We’ll kick things off with a look at a new enterprise blockchain book and a low-code SaaS offering by Digital Asset, then talk about the focus on stablecoins by the Federal Reserve and G7. Then we will dive into the latest on the technical side of enterprise blockchain development as we discuss the new Trusted Compute Framework (TCF) by Hyperledger Avalon and how Chainlink’s oracles are bridging the gap between off-chain and on-chain.
New book “Enterprise Blockchain Has Arrived” by Jorden Woods and Radhika Iyengar
Let’s start with some big and exciting news! Recently, I had the chance to review the latest blockchain book, a #1 New Release on Amazon, called “Enterprise Blockchain Has Arrived” by Jorden Woods and Radhika Iyengar. Jorden and Radhika are enterprise blockchain experts, prolific speakers, and they provide a wealth of insight plus frontline interviews with 27 business leaders. The timing of this book couldn’t be better as it comes out when everybody is talking about what enterprise blockchain actually is, and most of the largest corporations in the world have a blockchain strategy in place.
The book is targeted towards business leaders, C-suite executives, and startup entrepreneurs who want to understand enterprise blockchain principles, which players are involved in key real-world deployments, and how it is shaping the way we think about processes and data. It is very up-to-date and shows that enterprise adoption has the backing of many major players across important sectors.
Structured over 20 chapters, the book covers typically difficult-to-digest industries like financial services, supply chain, healthcare, and the public and power sectors in a way that makes it easy to grasp the added value of blockchain transformation. It also has good chapters for technologists on platforms, consensus, ZKP, decentralized identity, artificial intelligence, IoT, and more technical topics.
The authors’ approach to presenting information is very easy to follow. Each chapter includes interviews with key executives and industry thought leaders who discuss in-depth how blockchain is applied in practice.
I really recommend this book to my newsletter readers as it offers a 360-degree perspective on what enterprise blockchain is and how the concepts of immutability, decentralized trust and transparency can be successfully used in shaping up the future Web3 stack. Let Jorden and Radhika know you are a Newsletter reader via email or LinkedIn and they will digitally sign your eBook with Authorgraph.
From concept to production in under 10 minutes — Meet the DABL
The latest from Digital Asset is a project known as DABL, which is a cloud platform built to help developers making decentralized apps with as little development as possible. Think about Firebase for blockchain! The following are some of the key features delivered by DABL:
· Deploy a production environment in minutes — here is a video from concept to production in 10 minutes:
· No need for DevOps
· Server uptime guaranteed
· Integrate services without custom API code
· Modify your live application from browser
Overall DABL is a great option for any developer looking to build a simpler, scalable backend for their web or mobile application. They key for successful adoption, in my opinion, will be the extensive support for third-party external APIs which can be integrated within DABL.
Stablecoins continue to be the hot topic
Just last week G7 published a new report titled “Investigating the impact of global stablecoins” which has the main sentiment that stablecoins may introduce new risks and re-introduce old risks to central banks. For example, they envision issues around anti-money laundering and counter-terrorism financing, and citizens abandoning weaker currencies in favor of buying the new stablecoin as it offers stability.
In another article published on the Federal Reserve website, Governor Lael Brainard discusses digital currencies, stablecoins and the evolving payments landscape. I really enjoyed reading this article as it offers a sober and practical analysis on the current payments markets.
Hyperledger Avalon, Chainlink and new Enterprise Ethereum Alliance papers
The latest project under the Hyperledger umbrella is called Avalon and it’s tasked with providing a Trusted Compute Framework (TCF) for the blockchain world. Currently when we develop decentralized applications (DApps) we are always faced with the trade-offs we have to make as you either choose scalability or security. Since it’s not a best practice to perform all the operations on-chain, you need to work with sensitive data in a trusted environment or enclave. For example, one of the backers of Avalon, Intel, already has SGX, which is a trusted execution environment specially designed for such purposes. It’s exciting to see what Hyperledger Avalon does as it combines approaches like TTE, multi-party computation MPC and zero-knowledge proofs ZKP.
Chainlink, one of the supporters of Hyperledger Avalon, also released a blog post detailing how they are bridging on-chain and off-chain environments via Chainlink oracles:
Enterprise Ethereum Alliance Client Specification v4
Enterprise Ethereum Alliance Off-Chain Trusted Compute Specification v1.1
