When companies evaluate digital ledger technology, two important reservations often arise: the first concerns high-performance blockchain. What we know most is that Bitcoin, using the public test of the blockchain of work, is slow and nowhere near the throughput of authorized blockchains, regardless of current commercial offers such as Visa.
Likewise, blockchain development tools remain an impediment, although perhaps one of them will decrease in 2019.
High performance blockchain
There is no doubt that providing a high-speed transaction blockchain would be an important achievement. With the labor approval consent algorithms (PoW) (like the one used in Bitcoin) that consume too much energy (and being slow), there have been moves to adopt alternative methods to provide a reliable blockchain. These include Pole Test (PoS) and Reputation Test (PoR) algorithms.
Despite all, big questions remain about the performance of the public blockchain, not that there has been a lack of 2018 offers, as the initiatives of the following suppliers (discussed in Enterprise Times in 2018) demonstrate:
Each, in different ways, has claimed high tps throughput (transactions per second) for business environments and workloads. However, with the possible exception of Billon (with his client Biuro Informacji Kredytowej), no one has produced "real life" (as in "real" implementations) that provides support for their performance requests.
This does not mean that they can not deliver. However, this means that in 2019 companies should monitor progress because, when one or more can show a sustained commercial workload, this will be the equivalent of women who break the glass barrier of the executive.
Blockchain development tools
Before 2018, blockchain development tools were largely missing. Trying to do anything with blockchain was, and probably remains, hard. But improvements began to come in 2018 and 2019 that should see a wealth of introductory products or services.
Perhaps the most significant arrival in 2018 was BaaS (Blockchain-as-a-Service). Now the majors offer BaaS, including Amazon, IBM, Oracle and SAP. But they are not all: Alibaba, Baidu, Cisco, HPE, Huawei and Tencent are competing and even before they reach small producers, such as Crypotowerks.
Furthermore, other tools are coming into play. Get Blockchain Technology Partners who offer their Sextant tools to support Hyperledger Sawtooth. Or there is the Substrate of Parity Technologies, the Blockhead and the Tetum project of dovetail (for smart contracts) and AuditSafe.
The important conclusion here is that more blockchain tools have emerged in the last quarter than before. A trend seems established. The Blockchain tools, combined with the ability to "execute blockchain as a service", are here to stay and multiply. While no one can still be considered "easy", blockchain in 2019 will be much more accessible than it has been.
Enterprise Times: what does this mean?
In the blockchain tool arena, 2018 saw blockchain shift gears. It passed from an enticing theory to being possible. 2019 should see blockchain become more practical and come into practice, although a lot will start to be limited.
In case of public blockchain with high workloads, the jury remains outside. The authorized blockchains, in particular the authorized private ones, are more likely to be the point of reference for companies in 2019.
Indeed, blockchain is moving from being unattainable to becoming reachable – for all dimensions of the enterprise. The Enterprise Times expects, however, that the most widespread adoption is most relevant in 2020/2021.
Cryptocurrencies and Ico – 2018 and 2019