The CIO Show: what happened to the blockchain?

Blockchain reached a near-feverish peak of excitement in 2017, before falling into a deep depression of disillusionment.

Aside from its role in supporting cryptocurrency and weird passing fad like CryptoKitties, the technology has failed to emerge as a game changer for the company.

In this episode of The CIO Show, Laszlo Peter, head of blockchain services at KPMG Asia Pacific, explains how blockchain systems and ideas could be applied to the upcoming and highly complex challenge of distributing the COVID-19 vaccine in Australia. It is already applied in cancer research and oncology, as it emerges as a potential game changer for Australia’s agricultural industries.

According to Kaspar Kaarlep, co-founder and CTO of the blockchain-driven renewable energy exchange, WePower Networks is because the blockchain doesn’t really belong.

In fact, it’s not necessarily needed as part of most organizations’ existing IT architectures. Its true value lies in facilitating networks, systems of trust between organizations and across entire industries, such as the energy sector.

And our third guest Jonathan Kempe, founder and CEO of supply chain security startup Verifai, calls what he sees as a fraudulent abuse of the term “ blockchain ” to sell organizations solutions that are often more expensive than available alternatives. which would probably do better work, while still being simpler and easier to maintain.