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Blockchain Brings Business Boom To IBM, Oracle, and Microsoft (fortune.com)
An anonymous reader quotes Fortune's new report on blockchain:
Demand for the technology, best known for supporting bitcoin, is growing so much that it will be one of the largest users of capacity next year at about 60 data centers that IBM rents out to other companies around the globe. IBM was one of the first big companies to see blockchain's promise, contributing code to an open-source effort and encouraging startups to try the technology on its cloud for free. That a 106-year-old company like IBM is going all in on blockchain shows just how far the digital ledger has come since its early days underpinning bitcoin drug deals on the dark web. The market for blockchain-related products and services will reach $7.7 billion in 2022, up from $242 million last year, according to researcher Markets & Markets.
That's creating new opportunities for some of the old warships of the technology world, companies like IBM and Microsoft Corp. that are making the transition to cloud services. And products that had gone out of vogue, such as databases sold by Oracle Corp., are becoming sexy again... In October, Oracle announced the formation of Oracle Blockchain Cloud Service, which helps customers extend existing applications like enterprise-resource management systems. A month earlier, rival SAP SE said clients in industries like manufacturing and supply chain were testing its cloud service. And on Nov. 20, Microsoft expanded its partnership with consortium R3 to make it easier for financial institutions to deploy blockchains in its Azure cloud. Big Blue, meanwhile, has been one of key companies behind the Hyperledger consortium, a nonprofit open-source project that aims to create efficient standards for commercial use of blockchain technology.
A Juniper Research survey found six in 10 larger corporations are considering blockchain, according to the article, which adds that blockchain "is increasingly being tested or used by companies such as Wal-Mart Stores Inc. and Visa Inc. to streamline supply chain, speed up payments and store records."
And because of blockchain's popularity, the CEO of WinterGreen Research predicts that 55% of large companies with over 1,000 employees will use the cloud rather than their own data centers within five years -- up from 17% today.
That's creating new opportunities for some of the old warships of the technology world, companies like IBM and Microsoft Corp. that are making the transition to cloud services. And products that had gone out of vogue, such as databases sold by Oracle Corp., are becoming sexy again... In October, Oracle announced the formation of Oracle Blockchain Cloud Service, which helps customers extend existing applications like enterprise-resource management systems. A month earlier, rival SAP SE said clients in industries like manufacturing and supply chain were testing its cloud service. And on Nov. 20, Microsoft expanded its partnership with consortium R3 to make it easier for financial institutions to deploy blockchains in its Azure cloud. Big Blue, meanwhile, has been one of key companies behind the Hyperledger consortium, a nonprofit open-source project that aims to create efficient standards for commercial use of blockchain technology.
A Juniper Research survey found six in 10 larger corporations are considering blockchain, according to the article, which adds that blockchain "is increasingly being tested or used by companies such as Wal-Mart Stores Inc. and Visa Inc. to streamline supply chain, speed up payments and store records."
And because of blockchain's popularity, the CEO of WinterGreen Research predicts that 55% of large companies with over 1,000 employees will use the cloud rather than their own data centers within five years -- up from 17% today.
You just do not have enough control and you cannot make sure your core business survives an outage. In addition. it does not really save that much money, it often ends up costing significantly more. Sure, if you do your own infrastructure, you need some competent IT people to run it and make it work well, but maybe refrain from paying peanuts and your IT people will not be monkeys. In the end you do not only get a well-working in-house infrastructure, you get people that care about your company maintaining it and you actual get in-house expertise for all purchases. You just need to realize that IT is critical and that IT is much more important than any of your other functions. That is hard for the "business" side of things.
Most ACs are not even worth the keystrokes to insult them. Be generically insulted by this and ignored otherwise.
"Blockchain" is nothing more than a digital ledger with a checksum.
Nothing about using blockchain requires you to use the public ledgers (Like Bitcoin). You can control the entire ledger if you want.