Blockchain Journal with David Berlind
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May 15, 2023
Ledger CEO Gauthier and Etana CEO Russell Discuss Enterprise Crypto Wallets and Custody Services
During an after-hours event on the eve of Consensus 2023 in Austin, Texas, Blockchain Journal editor-in-chief David Berlind speaks with Pascal Gauthier, CEO of Ledger, and Brandon Russell, CEO of Etana Custody about a newly forged partnership between the two companies.
With products like its line of nanodevices, Ledger is widely known in cryptocurrency circles as a physical "cold wallet" provider that offers hardware-based solutions for the self-custodying of cryptocurrency. But Gauthier takes a broader view of Ledger as a security company that also offers management and governance solutions to businesses where no single individual can or should have full control over an organization's cryptocurrency reserves.
Meanwhile, few if any enterprises are going to self-custody cryptocurrency reserves in any significant amounts. Much the same way enterprises custody their cash and other assets with enterprise-grade custodians such as banks, Etana claims to offer safe and compliant custody of digital assets to large organizations. However, regardless of where exactly an organization's digital assets are custodied, a management and governance layer of the sort offered by Ledger is still necessary. Thus, the partnership between the two companies brings together the security technology provided by Ledger and the custodian services offered by Etana to provide greater security and governance to digital assets held by their mutual enterprise clients.
In the interview, Gauthier explains that for enterprises with significant crypto assets, it is important to have a governance layer on top of those assets to ensure that there are clear rules of engagement when it comes to who, within the organization, can access and spend those assets. Russell further explains that the role of Etana is to handle the trade lifecycle of the assets, with the goal of mitigating counterparty risks and ensuring that assets are safely kept for the benefit of the underlying clients.
To watch the video version of this podcast or read its full-text transcript, go to:
https://blockchainjournal.com/interview/ledger-ceo-gauthier-and-etana-ceo-russell-discuss-enterprise-crypto-wallets-and-custody
The video can also be watched on Blockchain Journal's YouTube Channel at https://www.youtube.com/watch?v=HlbFcycaGKM
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May 14, 2023
NodeReal Looks to Offer Amazon-Like Infrastructure Specific to Enterprise Blockchain Deployments
Blockchain Journal editor-in-chief David Berlind interviews Dr. Ben Zhang, the co-founder and chief operating officer of NodeReal, at Consensus 2023 in Austin, Texas. NodeReal claims to be a one-stop infrastructure provider that eases access to public and private blockchain services for enterprises that don't want to build their own blockchain application infrastructure from scratch. In many ways, NodeReal is positioning itself as a turnkey AWS-like provider for distributed ledger infrastructure.
However, David questions why a company would want to build its own blockchains when private blockchain technologies (eg: Hyperledger) and public blockchains already exist. Dr. Zhang argues that Web3 technology is changing the ownership of data and many companies, such as gaming companies, see benefits such as quicker access to customers and better incentives to engage with their users through blockchain-driven decentralization of their applications in private, public, or hybrid scenarios and that solutions like those from NodeReal can give them a big head start.
Overall, the interview provides insight into why companies should be interested in building their own blockchains and the role of NodeReal in providing infrastructure services for these companies. It also highlights the benefits and challenges of building private blockchains and the importance of considering how Web3 technology can benefit businesses.
To watch the video version of this podcast or read its full-text transcript, go to:
https://blockchainjournal.com/iinterview/nodereal-looks-offer-amazonlike-infrastructure-specific-enterprise-blockchain-deployments/
The video can also be watched on Blockchain Journal's YouTube Channel at https://www.youtube.com/watch?v=maAegJm8mrA
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May 13, 2023
Arculus Offers Enterprises Crypto Key Storage, Payments, 2FA System Access and More on One Smartcard
Blockchain Journal editor-in-chief David Berlind interviews Adam Lowe, the Chief Product Officer for Arculus, an exhibitor at Consensus 2023, about its digital asset and digital identity platform that allows enterprises to enable employees and users with a single smart card that stores their cryptocurrency keys, their application credentials (eg: Microsoft 365) and even their building entry credentials. The same smart card can even be used as a payments card (Arculus already supplies smart cards to many credit card-issuing financial institutions).
Lowe explains that smart cards have been protecting keys for decades and have never been penetrated. Arculus claims to be the first to put payments, FIDO keys, WebAuth keys, and crypto-keys all on the same card using the same secure on-card microcontroller. Lowe highlights that enterprises are interested in the solution because no one wants to manage multiple systems to handle each of these different use cases.
David asks Lowe if the card and the infrastructure behind it includes all the technology to manage the multi-party permission structure that enterprises might want to apply to the way they involve multiple managers and executives in the cryptocurrency custody process. Lowe responds that such permissions should be managed with smart contracts and that Arculus can then integrate with those smart contracts. However, other solutions — for example, one that's emerging from a partnership between Ledger and Etana Custody that was announced at Consensus 2023 — are launching in an effort to help enterprises with such permissions management. Even so, the consolidation of all those capabilities into a single smart card is, in Blockchain Journal's estimation, where things are heading. Even from an employee's point of view, nobody wants to carry three or four physical security tokens when they can just have one.
Toward the end of the interview, Lowe explains some potential consumer applications: the card could be used as a secure digital identity to access things like email, social media, and banking. He also mentions that the card could be used for government applications such as voting, health records, and digital passports.
To watch the video version of this podcast or read its full-text transcript, go to:
/interview/arculus-offers-enterprises-crypto-key-storage-payments-2fa-system-access-and-more-one/
The video can also be watched on Blockchain Journal's YouTube Channel at https://www.youtube.com/watch?v=WLiYcuiVV0w
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May 12, 2023
XRPL Commons President David Bchiri: Education is a Prerequisite to Enterprise Blockchain Adoption
David Berlind, host of the Blockchain Journal Podcast, interviews David Bchiri, President of XRPL Commons, an independent non-profit organization that helps to drive the success of the XRP ecosystem (XRP is the native protocol token of the Ripple distributed ledger). During the interview, conducted at the Consensus 2023 Conference in Austin, Bchiri explains that XRPL Commons is working towards the support and education of four organization types — "pillars" as he calls them — to drive interest and adoption; universities, large organizations, startups, and the community. In the blockchain industry, "community" is a standard one-word reference to the collection of individuals — developers, enthusiasts, adherents, retail investors, fans, etc — who, in aggregate typically represent a huge base of support for a given distributed ledger's ecosystem. XRPL Commons aims to be at the crossroads of these four pillars with dedicated educational programs for each.
As Berlind points out during the interview, blockchain as a technology faces various obstacles when it comes to adoption by enterprises and other large organizations (one of Bchiri's four organizational pillars). Among the challenges is a complete lack of familiarity with blockchain technology among business executives. Most of what those executives see are the unflattering cryptocurrency headlines in the mainstream media. Bchiri agreed, saying that the solution from the XRPL Commons' perspective is to invite those executives to XRPL Commons-organized briefings where they can learn about the true value of blockchain technology and how it can unlock new opportunities in their specific industries.
Bchiri echos some key blockchain messages having to do with the erosion of corporate trust and the role that decentralized public ledgers — systems and records with which malfeasant or incompetent organizational personnel cannot tamper — can play. Whereas centralized systems leave open the opportunity for manipulation of information by one or a handful of people who are in charge of them, Bchiri pointed out that blockchain creates complete auditability and permanence of data that cannot be changed and therefore offers enterprises an opportunity to restore the trust which has been eroding over time.
To watch the video version of this podcast or read its full-text transcript, go to:
https://blockchainjournal.com/interview/xrpl-commons-president-david-bchiri-education-is-a-prerequisite-enterprise-blockchain/
The video can also be watched on Blockchain Journal's YouTube Channel at https://www.youtube.com/watch?v=qO3SXEMeDxE
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May 11, 2023
Compliance is Key Factor in Enterprise Choice of Crytpo-Capable Custodians Says FV Bank CEO
Blockchain Journal editor-in-chief David Berlind interviews Miles Paschini, CEO of FV Bank, at Consensus 2023, a blockchain and cryptocurrency conference in Austin, Texas. FV Bank aims to provide an enterprise-grade custody solution to organizations and institutions seeking a reliable, regulation-compliant, and structured way to operate in the digital asset space.
For those new to the terminology of the blockchain industry, a custodian is the entity that controls the private keys to digital assets. But simply holding those keys is not enough. Also of import are the legal and regulatory frameworks under which custodians of any assets — digital and non-digital — must operate (although FV Bank specializes in the custodianship of digital assets).
In the interview, David asks how FV Bank can promise compliance in an environment where there's a dearth of laws regarding crypto and subsequently, a great deal of regulatory uncertainty. Paschini disagrees, saying that both banking and custodianship are very well-understood from a regulatory point of view. For example, know your customer (KYC) and anti-money laundering (AML) regulations are well-defined, and the real issue is that some subsections of the blockchain industry have decided to ignore many of those existing laws. That said, Paschini concedes that FV Bank would like regulators to clarify certain aspects of the market, such as what is a security or commodity in the context of digital assets, and to define more market-friendly tax regulations around crypto.
To watch the video version of this podcast or read its full-text transcript, go to:
https://blockchainjournal.com/interview/compliance-is-key-factor-enterprise-choice-crytpocapable-custodians-says-fv-bank-ceo
The video can also be watched on Blockchain Journal's YouTube Channel at https://www.youtube.com/watch?v=rsQzuuJwaHo
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May 10, 2023
CEO of Blockchain Public Relations Giant Wachsman Sees Major Industry Pivot Towards Enterprises
Blockchain Journal editor-in-chief David Berlind interviews David Wachsman, CEO and founder of Wachsman Public Relations, one of the largest (if not the largest) PR firms in the blockchain industry. The interview took place at the Consensus 2023 conference in Austin, Texas, where Wachsman PR has been a sponsoring exhibitor since 2015.
Wachsman revealed that his company currently represents 75 to 80 companies in the blockchain and Web3 space across three offices in the United States, three in Europe, and one in Asia. Given his years of experience and industry observation, Berlind was looking to Wachsman to see what blockchain trends and new companies were most interesting to him and to get some predictions for the year ahead.
Based on what he has seen over the last year, Wachsman believes the blockchain industry is making a pretty hard pivot toward enterprises; a segment of the market that, until recently, was pretty underserved. While there is still plenty of demand for cryptocurrencies from retail investors and consumers, Wachsman says the real killer use cases for blockchain involve scenarios that most people cannot naturally imagine until they take a moment to really understand the unique value proposition (UVP) of distributed ledger technology (DLT). For example, how blockchain can serve as the backbone for air traffic control systems that handle swarms of drones or for three-dimensional accounting systems that address the unique needs of a multi-party supply chain. However, Wachsman does admit that working with enterprise companies can be complicated. He notes that many blockchain companies are still struggling to successfully target enterprises with their offerings.
When asked by Berlind about the barriers to blockchain adoption, Wachsman cited regulatory uncertainty, cryptocurrency volatility, and the lack of understanding of the technology as some of the main blockers. However, he believes that the benefits of blockchain technology are enough to convince enterprises to overcome those barriers and get started on their blockchain projects.
To watch the video version of this podcast or read its full-text transcript, go to:
https://blockchainjournal.com/interview/ceo-blockchain-public-relations-giant-wachsman-sees-major-industry-pivot-towards/
The video can also be watched on Blockchain Journal's YouTube Channel at https://www.youtube.com/watch?v=VVroMvcLSog
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May 9, 2023
Consultancy EY's Enterprise Differentiator is Privacy on Public Blockchains: Global Lead Paul Brody
For many enterprises, the idea of venturing alone into the wilderness of blockchain is a frightening proposition. Not only is there a general lack of blockchain and cryptocurrency talent within their executive, management, and developer ranks, the talent pool from which to recruit enterprise-grade blockchain expertise is, in 2023, tiny. In other words, demand for talent is outstripping supply. Enterprises could simply do nothing when it comes to blockchain. But sitting still while competitors and startups are keen to discover how blockchain can be used to disrupt the status quo is not the best option. So, what's an enterprise to do? Who can they turn to?
Enter the so-called "Final Four"; the four major accounting and IT consultancies that survived the shakeout from what was once called the "Big Eight." Keen to capitalize on the enterprise's need for professional assistance with everything from blockchain strategy to tax to regulatory compliance, Accenture, Deloitte, EY, and KPMG have all established global blockchain practices. And each is competing to win the hearts and minds of enterprises ready to enlist a consultancy for blockchain help.
While he was covering the action at the Consensus 2023 conference in Austin, Texas, Blockchain Journal editor-in-chief David Berlind met up with Paul Brody, the global leader of EY's Blockchain Practice to better understand what EY (formerly known as is Ernst and Young) is doing in hopes of differentiating itself from the other Final Four consultancies.
According to Brody, among other investments in privacy and supply chain, EY views its own software investments such as Nightfall — a Layer 2 technology it jointly developed with Polygon — and Starlight (a zero-knowledge compiler for building private smart contracts) as major differentiators that make it possible for EY to not just bring expertise to the negotiating table, but intellectual property as well.
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May 8, 2023
Ripple CTO David Schwartz: Proof of Identity Will Require Certificate Authority-Like Approach
In the virtual halls of Blockchain Journal (BCJ), we often talk about an elephant-in-the-room like problem that we've nicknamed "The William Shatner Problem." It all started when our technical analyst Bob Reselman was looking at some non-fungible tokens that were once minted on the Wax blockchain in partnership with William Shatner and then asked a simple question: "How is anybody expected to know for sure that it was the real William Shatner who worked on these NFTs and not an imposter?"
When BCJ editor-in-chief David Berlind posed that same question to Wax co-founder William Quigley during the NFT.NYC 2023 conference in New York City, Quigley's answer was essentially that we have to trust Wax as a central entity to be telling the truth and that like Amazon, it's beholden upon Wax to market itself (and maintain itself) as a trustworthy marketplace. The problem with this approach is that it's a non-technological and non-standard approach that doesn't scale across the blockchain industry. In fact, BCJ's so-called William Shatner problem is not just about C2C contexts involving consumer activity in the primary and secondary market of NFTs. It's also a proxy for a larger identity issue that needs solving before businesses can fully exploit the potential of distributed ledger technologies.
During Consensus 2023 in Austin, Texas, after Ripple CTO David Schwartz concluded a fireside chat during which he openly discussed some of the challenges when it comes to the intersection of blockchain and identity, BCJ's David Berlind interviewed him for his perspective on the William Shatner problem. Similar to some of the conclusions that were reached in Berlind's interview of Wax's Quigley, Schwartz — one of the OGs of blockchain technology — agreed that it is a problem that needs solving, joked that he and Berlind should call some venture capitalists, and suggested there may be no way to avoid the need for central authorities that vouch for the identities of blockchain users (individuals or organizations). The idea is similar to the originally intended role of Certificate Authorities back in the days of Web 1.0.
To watch the video version of this podcast or read its full-text transcript, go to:
https://blockchainjournal.com/interview/ripple-cto-david-schwartz-proof-identity-will-require-certificate-authoritylike-approach/
The video can also be watched on Blockchain Journal's YouTube Channel at https://www.youtube.com/watch?v=m9o1elZGZug.
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May 7, 2023
Paris-Based Web3 Consultant Doors3 Helps Some of The World's Biggest Brands with Blockchain Strategy
While Blockchain Journal has been spending time connecting with some of the biggest consultancies (the so-called "Final Four") to understand how their blockchain practices — typically one of the multiple practice types they operate — can help large brands and enterprises with their blockchain go-to-market strategies, there are also other independent consultancies that are "Web3-native." In other words, 100 percent of their firms' energies are devoted to helping clients with blockchain and Web3 strategy and execution. One such Web3-native consultancy operating out of France is Doors3. In fact, Doors3 claims to be the first of its kind to operate in France.
While he was attending the NFT.NYC 2023 conference in New York City, Blockchain Journal editor-in-chief David Berlind met with Doors3 co-founder and CEO Karen Jouve to learn more about the global brands that the firm is helping and what its methodology is for helping clients like Groupe Renault, L'Oréal, L'Équipe, and Yves Saint Laurent.
According to Jouve, Doors3 takes a long-term strategic approach that starts with helping them to understand the Web3 ecosystem and related concepts having to do with non-fungible tokens (NFTs), cryptocurrencies, blockchain, the idea of metaverses and the technological gaps between Web 2.0 and Web3. A journey with Doors3 starts with the development of a strategic vision and goes right through to the deployment of a proof-of-concept and after that, deployment at scale.
The good news, said Jouve in the interview, is that a lot of brands have already moved past the early days of one-and-done publicity generating air drops and on to an understanding of how blockchain is less about making money and more about building a shared ownership experience (shared between brands and their customers) and a true internet of value. Referring to one of the key use cases, "Loyalty 3.0," Jouve says the next wave of digital transformation involves a reinvention of the way that customers engage brands and vice versa.
To watch the video version of this podcast or read its full-text transcript, go to:
https://blockchainjournal.com/interview/parisbased-web3-consultant-doors3-helps-some-worlds-biggest-brands-blockchain-strategy/
The video can also be watched on Blockchain Journal's YouTube Channel at https://www.youtube.com/watch?v=_NXAXNEt5gY
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May 6, 2023
MetaZ Will Custody Your Collectible Sneakers In a Vault and Issue NFTs as Certificates of Ownership
One of the biggest conversations in the blockchain industry that tends to fly below the radar has to do with the custody of digital assets. It's so important that the word "custody" has actually become a verb and you'll hear it come up in questions like "Should an enterprise self-custody its cryptocurrencies or should it custody those and other digital assets with a trusted third party custodian?"
The idea of custody is as old as banks. The reason banks exist is because of the dangers involved in the self-custodianship of cash (eg: keeping all your money under a mattress). But currency isn't the only valuable asset that you may not trust yourself to protect. For example, art museums often act as custodians of private art collections on behalf of the owners of those collections.
Another prized collectible among the Gen Zs and Alphas are rare sneakers and South Korea-based MetaZ is looking to capitalize on the growing interest in collectible sneakers by offering a service that not only custodies the physical sneakers in a vault (where their pristine condition can easily be preserved), they issue a digital twin NFT that represents a transferrable certificate of ownership (in the same way that many other NFTs can be sold in the secondary markets). While MetaZ doesn't exactly fit into the enterprise blockchain category that Blockchain Journal likes to cover, it's not difficult to imagine a large apparel company that's already working with NFTs (eg: Nike) getting into a similar business where, instead of sending a physical collectible sneaker to a customer, it just sends the digital twin NFT for that sneaker instead and then the manufacturer custodians the sneaker as a service to the customer.
While at the NFT.NYC 2023 conference in New York City, Blockchain Journal editor-in-chief David Berlind took the opportunity to interview the MetaZ co-founder and platform lead Kim Kim to learn more about how the service works.
To watch the video version of this podcast or read its full-text transcript, go to:
https://blockchainjournal.com/interview/metaz-will-custody-your-collectible-sneakers-a-vault-and-issue-nfts-certificates/
The video can also be watched on Blockchain Journal's YouTube Channel at https://www.youtube.com/watch?v=Gt6C_hQ-Q7s
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May 5, 2023
Bitwave Looks to Bridge the Chasm Between Traditional ERP and Enterprise Cryptocurrency Accounting
Of the many barriers to blockchain adoption that enterprises must contend with, one of them has to do with basic record-keeping issues. If you've ever studied the details of just a single blockchain transaction, then you'd know that, from a financial point of view, such transactions look nothing like the sorts of transactions that are typically recorded into an organization's financial ledger or enterprise resource planning (ERP) system.
Blockchain transactions have multiple "ins" and "outs" and involve financial values that go up to eight decimal points or more. From one chain to the next, there are wildly different transaction fee structures involving multiple fee types, all of which have to be individually recorded and categorized. And then there are the compliance issues. The organizations that set the standards for how all transactions are recorded (blockchain or not) like the Financial Accounting Standards Board (FASB) are just now issuing their final guidance on how to comply w…
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May 4, 2023
Why Enterprises Would Be Wise to Choose an EVM-Compatible Chain: Horizen Labs CEO
Of the many blockchains that are out there, only a handful are really thinking about how to satisfy the requirements of enterprises interested in public distributed ledger technology (DLT) for digital transformation, industry disruption, stakeholder engagement, or business innovation.
While he was in Austin, TX to cover Consensus 2023, Blockchain Journal editor-in-chief David Berlind interviewed Robert Viglione, CEO of Horizen Labs, the engineering organization that supports the Horizen blockchain and its protocol token: ZEN.
One of Horizen's key areas of focus when it comes to serving enterprises is about Zero-Knowledge or ZK cryptographic technology. In the interview, Viglione discusses how ZK technologies make it possible for the different stakeholders in a blockchain-based multi-party transparency use case to draw certain conclusions (for example financial conclusions) from batches of transactions without actually revealing the underlying details of those transactions. For exampl…
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Apr 24, 2023
Decentralization of Trust Still Not Fully Solved by Blockchain says Co-Founder of Tether and Wax
Here in the halls of Blockchain Journal's virtual offices, we've come up with a name for an unsolved blockchain identity problem for which no scalable, technological solution exists as far as we know. We call it "The William Shatner Problem" because, back in July 2020 when a bunch of William Shatner-approved NFTs were posted for sale on Wax.io's NFT marketplace, there was no technological identity standard in place such that buyers could trace any so-called William Shatner NFTs back to the actual William Shatner himself.
As far as Blockchain Journal can tell, this important element of transactional provenance remains technologically unsolved which in turn means that less scalable non-standard workarounds must be applied when such provenance matters in order to avoid fraud (for example, when purchasing digital assets from a seller that's truly authorized to sell those assets). Those workarounds, which do work but are not inherent to blockchain technology, are currently the basis for mu…
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Apr 21, 2023
GuardianLink CEO Discusses NFT Strategy and Execution Work it Does for Pepsi, Cadbury, and LA Times
When it comes to NFT marketplaces in Asia, they don't get much bigger than Jump.trade which claims to be the biggest of them all. Jump.trade is just one of the businesses operated by the site's parent GuardianLink which was founded in 2016. GuardianLink also works with some of the world's biggest brands on their NFT strategies. To find out more about the enterprises that GuardianLink is working with and what those brands are doing with NFTs, Blockchain Journal editor-in-chief David Berlind interviewed GuardianLink co-founder and CEO Ramkumar Subramaniam at the NFT.NYC 2023 Conference in New York City.
Among the enterprise brands that GuardianLink has worked with are Pepsi, snacks and candies conglomerate Mondelēz International, and the Los Angeles Times. For example, it worked with Mondelēz International to develop Cadbury Gems — charitable NFTs for its Cadbury chocolate brand (founded in 1824 by John Cadbury) — the proceeds of which were donated to support the educational need…
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Apr 20, 2023
Big Event Ticketing is the Next Phase of How NFTs Will Be Used: Dapper Labs' O'Hagan
When it comes to concerts and professional sports, two of the biggest brands experimenting with NFTs (non-fungible tokens) are the National Football League (NFL) and Ticketmaster. NFL Sr. Director Emerging Products Daniel DeVece and Ticketmaster Director of Product Management Joe Aiello were on hand at the NFT.NYC 2023 conference in New York City where they, along with Dapper Labs VP of Partnerships Brittany O'Hagan presented a session on how NFTs are powering fan engagement. Following the session, Blockchain Journal editor-in-chief David Berlind took the opportunity to interview O'Hagan to better understand how Dapper Labs is working with the NFL and Ticketmaster and how other enterprises and big brands should be thinking about NFTs and the opportunities they create.
One thing that O'Hagan made clear is that the three organizations — what she calls "the three-headed monster" — do not yet have all the answers. The applications of NFTs to fandom and big brands is such a new area fo…
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Apr 19, 2023
Niftmint Looks To Take The Friction Out Of Enterprise NFT Deployment
As buzz phrases go, "the NFT is the new cookie" is getting some traction in enterprise blockchain circles because of the incredible shrinking usefulness of cookies; bits of data that, when allowed into a user's desktop or mobile web browser, make it possible for web sites to build more personalized user experiences. But, as with many technologies that involve end-user benefits, cookies are a double-edged sword that can also be used to invade a user's privacy. Such invasions have led to privacy laws that have eroded if not fully stripped the cookie of its utility. Unlike cookies, however, non-fungible tokens (NFTs) are by their very nature permissioned. In other words, users are never unwilling recipients of an NFT the way they are with cookies or spam. As such, NFTs create new opportunities for high-fidelity relationships with customers. But seizing those opportunities is a different story.
To make NFTs work in this capacity, enterprises must first understand the role that blockchain…
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Apr 18, 2023
Use Non-Blockchain Precedents As A Guide To Self-Regulation Say Perkins Coie's Crypto Lawyers
Many companies are in a catch-22 when it comes to working with blockchain. On the one hand, organizations are fearful of doing nothing with blockchain because they know how, in the hands of a clever competitor, distributed ledger technology could be used to disrupt their businesses or industries. On the other hand, those same organizations also know blockchain laws are coming but not when or in what form. Meanwhile, regulators at the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have embarked on a startling wave of enforcement activities against blockchain-related projects.
At NFT.NYC 2023, a conference dedicated to the many use cases of non-fungible tokens, two Washington, DC-based crypto attorneys from Perkins Coie LLP—Jamie Schafer and Valerie Dahiya—were on hand for a panel discussion to offer sound advice on how to move forward as safely as possible on blockchain projects given the current regulatory climate.
Following the sessi…
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Apr 13, 2023
Why LayerZero Is A Contender For Enterprises In Need Of Cross-Chain Bridges
Apart from the many instances where cryptocurrency holders get socially engineered (hoodwinked) into turning over their crypto or their account credentials to extremely clever and tenacious hackers (essentially, “user error”), the leading cause of cryptocurrency theft is a vulnerable cross-chain bridge. In fact, on the same day this interview with LayerZero co-founder and CEO Bryan Pellegrino was recorded at the Harvard Blockchain Conference, the AllBridge cross-chain bridge was exploited for approximately $574,000.
According to Pellegrino, approximately $4 billion has been stolen via cross-chain bridge exploits since late 2021. Pellegrino was at Harvard University’s annual blockchain conference to talk about what it takes to secure communications between chains—an area of particular interest to enterprises because, as enterprises are already learning, in the same way, that many businesses have to work with multiple fiat currencies, there’s a high likelihood that they’ll a…
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Apr 12, 2023
Using Blockchain, MintStars Hopes To Give Sex Workers A Better Deal Than OnlyFans
While it’s not necessarily an enterprise application of blockchain, MintStars.com perfectly exemplifies the degree to which blockchain is not only the basis for disrupting existing businesses (even relatively new ones that are wildly successful), it also demonstrates how the financial rails of cryptocurrency can be thoroughly disruptive to traditional financial rails (sometimes called “TradFi”) as well as the governments who are in a position to control industries and business by virtue of their oversight of those TradFi rails.
One such industry, controversial as it may be, is the sex work industry that has given a significant rise to the OnlyFans platform; a content subscription marketplace for creators predominantly known for its role in facilitating independently produced sex worker-created content. According to MintStars co-founder and COO Jessica Van Meir who is also a Ph.D. student at Harvard’s John F. Kennedy School of Government (studying sex workers’ rights), OnlyFa…
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Apr 11, 2023
Decentralized Pictures Looks To Democratize Hollywood's Ideations With Blockchain
While at the Outer Edge LA 2023 Conference in Los Angeles, Blockchain Journal technical analyst Bob Reselman interviewed the co-founder and CEO of Decentralized Pictures, Leo Matchett. Decentralized Pictures was founded on the principle that blockchain can be used to democratize the process of creating and approving ideas (everything from scripts to talent choices) for TV shows and movies.
As opposed to testing piloting production ideas with small audiences, Decentralized Pictures makes it possible for Hollywood studios to test market ideas with larger audiences by using blockchain to financially incentivize reviewers via smart contract-managed compensation. Calling it the "opposite of crowdfunding," Matchett says studios can get a massive amount of feedback on audience resonation before making huge investments in production.
The system works for the financially incentivized reviewers as well because of how they're scored based on their review history. As a reviewer's score improves,…
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Apr 10, 2023
Fox Media Is Doubling Down On Blockchain With 9 Franchise - Related Web3 Projects
In an effort to disrupt the TV industry and leverage distributed ledger technology (DLT) for game-changing fan engagement, Fox Media has launched a blockchain-specific division called Blockchain Creative Labs. The division's chief revenue officer Tomasso Sandretto was in attendance at the Outer Edge LA conference and sat down with Blockchain Journal technical analyst Bob Reselman for an in-depth interview regarding Fox's plans for blockchain.
According to Sandretto, one of the first fruits of the division's labor will be the integration of NFTs into the Dan Harmon-created Krapopolis animated series that airs for the first time in Fall 2023. To bring fans on board to a more intimate relationship with the show, Blockchain Creative Labs has minted a collection of 10,000 Picture for Profile (PFP) NFTs featuring Krap Chickens; the currency of the show. The resulting NFT-driven fan experience, said Sandretto in the interview, will involve sneak peeks, in-person activations, rights to vote o…
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Apr 7, 2023
Skale Co-Founder Jack O'Holleran Explains Why Blockchain Beats Mongo Or Oracle For Enterprise Usage
Jack O'Holleran is the co-founder and CEO of Skale Labs, a 5-year-old scaling solution provider that not only solves for Ethereum's slow settlement times but, for Skale's customers, also changes Ethereum's engagement model from a coin-operated pay-per-transaction approach to a subscription model similar to how other cloud-based SaaS offerings like Salesforce do business.
O'Holleran was at the Outer Edge LA 2023 Conference in Los Angeles where Blockchain Journal technical analyst took the opportunity to interview him. During the interview, O'Holleran talked about how blockchain solves enterprise business problems that cannot be as well-addressed by database-driven approaches like MongoDB or Oracle. Using a hypothetical sports team as an example, O'Holleran discussed how NFTs are a ready-made technology for customer engagement that cannot be duplicated with traditional database-driven loyalty solutions.
Such a team could issue NFTs as live, digital passports that automate different lev…
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Apr 6, 2023
Enterprise Tech Veteran Sandy Carter Discusses Enterprise Use Cases For Blockchain Technology
Having originally cut her enterprise technology teeth at Tivoli and IBM (and then later at Amazon Web Services), Unstoppable Domains Chief Operating Officer Sandy Carter is no stranger to IT. Now, she’s about to release a book titled The Metaverse Mindset of Web3, AI, and the Future of Business. The timing of the book is uncanny given the groundswell of activity currently percolating around distributed ledger technology (DLT) and ChatGPT. At the Outer Edge LA 2023 Conference in Los Angeles, Blockchain Journal technical analyst Bob Reselman took the opportunity to interview her about the book and the sorts of applications she’s seeing for blockchain in the enterprise.
Among the examples she offered, perhaps the most interesting one has to do with how Lowe’s Companies, Inc. (the hardware chain) is using non-fungible tokens (NFT) as a form of theft protection for power tools. Carter talks about some other enterprise applications that she’s come into contact with (including one at…
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Apr 5, 2023
Ecosapiens Uses NFT Collectibles to Drive Soil-Base Carbon Sequestration
While at the Outer Edge LA 2023 Conference in Los Angeles, Blockchain Journal technical analyst Bob Reselman spoke with Ecosapiens co-founder and CEO Nihar Neelakanti who believes that one of the keys to saving the planet is to use collectible NFTs as a means to fund the soil-based sequestration of airborne carbon. In the interview, Neelkanti tells Bob how his company is working with farms in Africa that handle the sequestration process. In exchange for purchasing an Ecosapiens collectible (each one is called an "ecosapien"), not only does the buyer get the collectible NFT, some number of carbon credits (issued by the farmers) are connected to the NFT as evidence of the buyer's philanthropy.
To watch the video version of this podcast or read its full-text transcript, go to:
https://blockchainjournal.com/interview/ecosapiens-uses-nft-collectibles-drive-soilbase-carbon-sequestration/
The video can also be watched on Blockchain Journal's YouTube Channel at https://www.youtube.com/watch?…
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Apr 4, 2023
Using Blockchain, Ultimate Digits Hopes To Disrupt The Mobile Carrier Industry
One of the lesser-understood aspects of the smartphones we use and the mobile carrier accounts to which they’re connected is the fact that a phone’s user does not “own” the phone number to which his or her phone is connected. The number belongs to the carrier and the carrier is leasing that number to the customer. But, between blockchain and the newest breed of phones that support electronic sim cards (aka “eSIMS”), a new opportunity revealed itself to the founders of Ultimate Digits; a company that immutably records the sale of blockchain-based phone numbers onto the Ethereum public distributed ledger.
While at the Outer Edge LA 2023 Conference in Los Angeles, Blockchain Journal technical analyst Bob Reselman sat down with the co-founder and CEO of Ultimate Digits, Atharva Sabnis. According to Sabnis, the impermanence of leased phone numbers isn’t the only insult that smartphone users are currently forced to endure. Mobile carriers have also been caught with their prove…
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Apr 3, 2023
Deloitte Businesses That Sit On The Sidelines While Others Pilot Blockchain Will Be Left Behind
Wendy Henry is the Global Practice Lead for Deloitte's Digital Assets and Cryptocurrency Consultancy; one of the firm's four business units dedicated to helping its business clients get the most out of distributed ledger technologies (DLT) including blockchain. Among her many very well-informed opinions about blockchain adoption is her advice to enterprises to not sit idly by while other entities—existing competitors, disruptive startups, regulators, and lawmakers—sort out their positions on blockchain.
While at DC Blockchain Summit 2023 in Washington, DC, Blockchain Journal editor-in-chief David Berlind interviewed Ms. Henry to learn more about what she's seeing in the way of blockchain adoption as well as obstacles to that adoption (including blockchain regulation; the main theme of the DC event). During the interview, Henry covered a wide range of topics including enterprise use cases for both fungible and non-fungible tokens and the fact that many enterprises are still not ye…
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Mar 31, 2023
Overall Trust in Businesses Is at Record Lows. Can Blockchain Help to Bring it Back?
According to the Principal Leader of Deloitte's global Enterprise Trust Practice Michael Bondar, businesses are facing an unprecedented erosion of trust when it comes to their stakeholders (customers, employees, stockholders, etc.). The problem, according to Bondar, exists across the board and impacted businesses of all sizes in all industries. During this interview with Blockchain Journal editor-in-chief David Berlind, Bondar said that in healthcare, only 23 percent of clinicians trust their leadership and it's even worse for nurses (15 percent). In the technology space, only 40 percent of consumers trust tech companies to maintain and safeguard their data.
Whereas trust was once a basic cost of entry into any market, trust has reached such record lows that, for those organizations that figure out how to engender it, it could actually turn into a competitive advantage. Bondar emphasized the importance of taking proactive action before trust issues turn into crisis situations for org…
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Mar 30, 2023
How Cryptocurrency is Funding Ukraine's Battle for Itself and the Soul of Democracy
While at DC Blockchain Summit 2023 in Washington, DC, Blockchain Journal editor-in-chief David Berlind got the chance to interview Open Dialogue Foundation President Lyudmyla Kozlovska about her organization's role in the battle for human rights and democracy in the 21st century. Kozlovska is a native of Ukraine and has been instrumental in the flow of cryptocurrency donations to fund the acquisition and supply of everything from humanitarian aid to weapons to the front lines of the many battles taking place between freedom and oppression. In fact, to the extent that a violent war undermines the store and transfer of fiat currencies, cryptocurrency has played a surprising and unique role in bankrolling Ukraine's fight against Russia.
While many of her organization's resources are currently directed at Ukraine, Ms. Kozlovska reminds David that the war taking place in Ukraine isn't just about the freedom of Ukraine. In her view (and the view of many others), the war in Ukraine is the ep…
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Mar 29, 2023
CFTC Commissioner Mersinger Invites Nervous Enterprises To Come Chat About Blockchain Regulations
When it comes to working with distributed ledgers and cryptocurrencies, one of the most significant barriers to enterprise adoption is the significant regulatory uncertainty that enshrouds the blockchain industry. This is especially true of the United States where lawmakers, regulators, and the industry have been gridlocked over a multitude of wildly opposing viewpoints. Meanwhile, as the regulatory perimeter shifts continue to shift, enterprises are stuck in a Catch-22; Either move forward with their blockchain pilots and run the risk of irritating officials at the US Securities and Exchange Commission (SEC), the Commodities Futures Trading Commission (CFTC) or other American agencies. Or, risk disruption by putting their projects on hold until the legalities of working with blockchain are less ambiguous.
While at DC Blockchain Summit 2023, Blockchain Journal editor-in-chief David Berlind caught up with CFTC Commissioner Summer Mersinger to ask her what she thinks enterprises should…
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Feb 17, 2023
After 10 Years of Working With Blockchain, Deloitte is In Position To Help Enterprises on DLT Plans
The way Deloitte Blockchain Practice Leader Rob Massey tells the story, there weren't a whole lot of enterprises interested in distributed ledger technology a decade ago. But despite Deloitte's reputation for working with enterprises, the consultancy took on smaller blockchain projects and startups because it had an idea of blockchain's disruptive potential and wanted to be in position for when enterprise interest in DLT started to ramp. Ten years later, Massey knows of very few enterprises that aren't involved with blockchain in some capacity and Deloitte has been helping many of them to jumpstart their DLT strategies.
To watch the video version of this podcast or read its full-text transcript, go to:
https://blockchainjournal.com/interview/after-10-years-working-blockchain-deloitte-position-help-enterprises-dlt-plans/
The video can also be watched on Blockchain Journal's YouTube Channel at https://www.youtube.com/watch?v=8hrMMT344pU
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Feb 17, 2023
How IBM is Sprinkling Blockchain Into The Solutions It Builds and Maintains For Enterprise Customers
While at the World Economic Forum in Davos, Switzerland, Blockchain Journal editor-in-chief David Berlind sat down with the leader of IBM Consulting's Blockchain and Web3 Practice Shyam Nagarajan to find out the extent to which IBM is invested in blockchain technology (hint: it has been all-in for the better part of the last decade). Nadarajan is practically a veteran with blockchain and he talks about when, in the course of providing its consultative services to its enterprise customers, IBM pulls blockchain into the mix of technologies it recommends to solve for specific business use cases.
To watch the video version of this podcast or read its full-text transcript, go to:
https://blockchainjournal.com/interview/how-ibm-sprinkling-blockchain-solutions-it-builds-and-maintains-enterprise-customers/
The video can also be watched on Blockchain Journal's YouTube Channel at https://www.youtube.com/watch?v=vyI3Vquvi1U
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Feb 16, 2023
MobileCoin Looks to Disrupt Venmo, Cash App, Paypal with Frictionless Blockchain-Enabled Payments
At World Economic Forum in Davos, Switzerland, Blockchain Journal editor-in-chief David Berlind met with MobileCoin Head of Business Development Brady Forrest who talked about how MobileCoin's global mobile payment app makes it possible to send money to anyone for a fixed fee of 1/4th of a cent. The app is enabled by the MobileCoin blockchain and like other distributed ledger-based payment workflows, sends cryptocurrency from the originator of a transaction to the recipient. In the case of MobileCoin however, that cryptocurrency can be MOB (the native cryptocurrency of MobileCoin) or eUSD; an asset-backed stablecoin pegged to the value of US$1. Onboarding appears relatively friction-free since payments processor Moonpay will exchange fiat directly from Apple or Google Pay (or a debit card) into one of the two cryptocurrencies. Offboarding from one of the two cryptos to Fiat requires a centralized exchange such as Binance. MobileCoin functionality is also available directly from within…
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Feb 15, 2023
Amid Daily Bombings, Ukraine's Plans to Transform Government Services with Blockchain Surge Forward
Judging by the incredibly stoic demeanor of Yulia Parkhomenko, one of the directors within Ukraine's Ministry of Digital Transformation, you would never guess that she and her colleagues are forging ahead with their plans to revolutionize Ukraine's government services while bombs are randomly falling around them and electricity is only available for four hours on a good day. But with an eye towards a fully digitally transformed country (a vision that comes straight from Ukrainian President Volodymyr Zelensky), and in a demonstration of true grit, that's exactly what she and her team are doing and they are moving at a lightning pace. Also, as Parkhomenko explains to Blockchain Journal editor-in-chief David Berlind at the World Economic Forum in Davos, Switzerland, Ukraine plans to run its first Central Bank Digital Currency (CBDC) pilot in 2024.
To watch the video version of this podcast or read its full-text transcript, go to:
https://blockchainjournal.com/interview/amid-daily-bombing…
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Feb 14, 2023
In the Wake of FTX, Deepwaters Claims its Hybrid Exchange Is the Best of Both the CEX and DEX Worlds
There are two types of cryptocurrency exchanges in the cryptocurrency world; centralized exchanges (CEX) and decentralized exchanges (DEX). Both models have their pros and cons and while at World Economic Forum 2023 in Davos, Switzerland, Blockchain Journal editor-in-chief David Berlind caught up with Dylan Peters and Michael Callahan, the Chief Business Development Officer and Vice President of Marketing at Deepwaters; an exchange that is neither fish nor foul. Deepwaters has some of the operational features of a centralized exchange but unlike most CEXes (and more in DEX-like fashion) never takes control of traders' currencies (fiat or crypto). This hybrid model, according to Peters and Callahan offers crypto traders the best of both worlds.
To watch the video version of this podcast or read its full-text transcript, go to:
https://blockchainjournal.com/interview/wake-ftx-deepwaters-claims-its-hybrid-exchange-best-both-cex-and-dex-worlds/
The video can also be watched on Blockchain…
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Feb 13, 2023
Full-Stack Blockchain Consultancy Casper Labs Helps Enterprises With Distributed Ledger Deployments
Blockchain Journal's editor-in-chief David Berlind meets up with Casper Labs CTO Medha Parlikar at the World Economic Forum in Davos to find out more about how enterprises can outsource their distributed ledger deployments to the full-stack blockchain consultancy of which she is a co-founder. As Parlikar explains, full-stack blockchain consultancies like Casper Labs are good for enterprises that know they have a use case for public distributed ledger technology (DLT), but that do not have enough in-house expertise to deploy a solution themselves. In the interview, Parlikar also talks about why fine-grained tracking of permissions and smart contract versioning are two of several features that make Casper public DLT a good choice for enterprise deployments.
To watch the video version of this podcast or read its full-text transcript, go to:
https://blockchainjournal.com/interview/fullstack-blockchain-consultancy-casper-labs-helps-enterprises-distributed-ledger/
The video can also be wat…
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Feb 12, 2023
AY Young: One of the UN's 17 Young Leaders at the World at World Economic Forum
While at World Economic Forum 2023, Blockchain Journal's editor-in-chief David Berlind caught up with AY Young, one of 17 young people taking part in a United Nations program that looks to connect the status quo leaders of the world with up-and-coming leaders. Through his music and live concerts, AY raises money to bring energy to people and parts of the world where there is no power.
To watch the video version of this podcast or read its full-text transcript, go to:
https://blockchainjournal.com/interview/ay-young-one-uns-17-young-leaders-world-world-economic-forum/
The video can also be watched on Blockchain Journal's YouTube Channel at https://www.youtube.com/watch?v=qRS258aspKM
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Feb 11, 2023
Tired of Imposters on Social Networks? Here's EnoughTea; a Version of Instagram Built on Blockchain
While at the World Economic Forum in Davos, Switzerland, Blockchain Journal editor-in-chief David Berlind met with Max Lurya, founder and developer of EnoughTea; an Instagram look-alike application that incorporates the Know Your Customer (KYC) approach of blockchain in order to offer an imposter and bot-free social network.
To watch the video version of this podcast or read its full-text transcript, go to:
https://blockchainjournal.com/interview/tired-imposters-social-networks-heres-enoughtea-version-instagram-built-blockchain/
The video can also be watched on Blockchain Journal's YouTube Channel at https://www.youtube.com/watch?v=EIe7KUESAOM
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Feb 10, 2023
Why Blockchain is Perfect for Documenting Open, Traceable Proof of Enterprise Sustainability Efforts
While at the World Economic Forum in Davos, Switzerland, Blockchain Journal editor-in-chief David Berlind interviewed HBAR Foundation Sustainable Impact Fund Director Hania Othman to find out why public blockchain is so well-suited to traceably and openly documenting, at a very granular level, an enterprise's track record when it comes to all of its environmentally related activities. These include all the activities that contribute to an enterprise's carbon footprint as well as everything an enterprise does to offset that carbon footprint. Why is it in the best interests of an organization to make all of its environmentally-related behaviors a matter of public record? According to Othman, it's not only the best way to maintain compliance with currently emerging global sustainability regulations, but it is also key to winning over a new and growing breed of environmentally sensitive investors (aka "access to capital") and customers.
To watch the video version of this podcast or read i…
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Feb 9, 2023
Hyperledger Exec Director Waxes on Linux Foundation's Role in Driving Enterprise Blockchain Adoption
Hyperledger Executive Director Daniela Barbosa is no stranger to the need for, and the importance of, open standards and open source in driving technology adoption. Especially among enterprises. In fact, in a previous life, Barbosa was one of the original co-founders of the Data Portability Project (dataportablity.org) whose long-time focus has been the interoperability of data between dissimilar systems (a long-time obstacle to the sort of IT singularity that many enterprises wish for). As Barbosa explains to Blockchain Journal editor-in-chief David Berlind at World Economic Forum 2023, the Linux Foundation is heavily engaged in similarly driving open-source blockchain interoperability through multiple projects including Hyperledger itself (an open-source blockchain used for both permissioned and permissionless distributed ledgers) and Hyperledger Besu; an alternative Ethereum Virtual Machine (EVM) whose availability on multiple layer 1 chains is probably responsible for making EVM th…
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Feb 8, 2023
Top 3 Global Law Firm Seizes First Mover Advantage to Tokenize Almost Everything with Blockchain
Law firm DLA Piper operates in over 40 countries and is one of the three biggest law firms in the world. But just because it's an old-school company in an old-school industry doesn't mean that it (or any other similarly positioned organization) cannot leverage technology to seize a competitive advantage for itself and its customers. At World Economic Forum 2023, Blockchain Journal editor-in-chief David Berlind met with DLA's Chief Innovation Officer Andy Gastwirth who explained why a global law firm needs a chief innovation officer as well as the significance of using blockchain to tokenize real-world assets; everything from office buildings to race horses. Two driving factors have to do with the idea of fractionalizing those assets and optimizing a multitude of complex and legal workflows to involve significantly fewer people, paper, and process-based friction than they do today (think "digital transformation"). As Gastwirth says in the interview, it just means you have to reimagine t…
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Feb 7, 2023
Filecoin Looks to Move Upstack From Just Archival of Enterprise Data to Database-Like Functionality
The business of storing enterprise data has gone through several technological revolutions over the last two decades. After on-prem storage came cloud storage (which enterprises initially resisted) and now, thanks to Filecoin and its competitors, comes blockchain-driven storage. The big question however (as with any blockchain discussion) has to do with the enterprise use cases to which Filecoin's "commercial" offering of an InterPlanetary File System-based (IPFS) solution is suited. At World Economic Forum 2023, Blockchain Journal's editor-in-chief David Berlind interviewed Protocol Labs' Director of Growth Stefaan Vervaet to learn not only about Filecoin's current view on that question but the long-term outlook as well. Protocol Labs is the research arm of the coalition that's responsible for Filecoin's technology and adoption.
To watch the video version of this podcast or read its full-text transcript, go to:
https://blockchainjournal.com/interview/filecoin-looks-move-upstack-just-…
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Feb 6, 2023
LCX CEO Monty Metzger Literally Wrote the Book on Blockchain Banking
Monty Metzger is the CEO of enterprise blockchain consultancy LCX, based in the country of Liechtenstein, where many of the nation's regulations regarding blockchain are already in place (creating some certainty with respect to the legal operating conditions for companies like his). Blockchain Banking, the book that Metzger recently published is about how the balance of innovation, regulation, and everyday life will change due to digital currency. In the interview with Blockchain Journal editor-in-chief David Berlind, Metzger that he has been heavily engaged with the World Economic Forum and several central banks as they experiment with the idea of Central Bank Digital Currencies and, based on his experience, tells us that many banks have a keen understanding of blockchain as well as how CBDCs might impact their currency strategies longer term.
To watch the video version of this podcast or read its full-text transcript, go to:
https://blockchainjournal.com/interview/lcx-ceo-monty-metz…
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Feb 5, 2023
Hedera Describes Criteria That Enterprises Should Consider When Investigating Blockchain Technology
Hedera is one of several Layer 1 public Distributed Ledgers talking to world and business leaders at World Economic Forum 2023 about the benefits and use cases for blockchain technology. But, according to Swirlds Labs Chief Marketing Officer Christian Hasker, enterprises are typically concerned with a different set of blockchain issues than are startups and smaller blockchain project developers. Swirlds Labs is the research and development arm of the multi-party coalition that's responsible for Hedera's technology and adoption. According to Hasker, similar to other technologies that enterprises include in their application stacks, scalability, performance, and cost should rank pretty high as issues when considering distributed ledger technology (DLT).
Disclosure: As reflected by its coverage of other layer one public ledgers, BlockchainJournal.com endeavors to be a fair, independent, and unbiased observer of the blockchain industry. It should be noted that, at the time this video was…
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Feb 4, 2023
How the $8B Multinational Avery Dennison Leverages Blockchain Across its Supply Chain
At World Economic Forum 2023 in Davos, Switzerland, Blockchain Journal editor-in-chief David Berlind catches up with Avery Dennison market development manager Neil Hay who describes how the $8B multinational enterprise uses blockchain to provide atma.io, a cloud service offering that helps the global giant provide supply chain transparency to some of the largest consumer goods companies in the world (and their customers).
To watch the video version of this podcast or read its full-text transcript, go to:
https://blockchainjournal.com/interview/how-8b-multinational-avery-dennison-leverages-blockchain-across-its-supply-chain/
The video can also be watched on Blockchain Journal's YouTube Channel at https://www.youtube.com/watch?v=kGjV6Z1DEIQ
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Feb 3, 2023
How SMS Messages and Other Carrier-Grade Services Could Be Moving to Enterprise-Grade Blockchain
As enterprises begin to adopt blockchain technology in order to optimize their systems and processes in ways that simply cannot be done with other technologies, the likelihood that their customers will know or care could be low. After all, once deployed in enterprise fashion, blockchain typically occupies a fabric-like spot within the organization's enterprise information technology stack. In other words, not necessarily at the customer-facing surface. And there's no industry where this could be more true than in the telecommunications and carrier business where the sorts of integrations that make it possible for people to call or text their friends and families across different carriers are fraught with technological and settlement challenges due to lack of a single source of truth. As Syniverse Sr. Distinguished Engineer of Emerging Technologies Monique Morrow explained to Blockchain Journal editor-in-chief David Berlind at World Economic Forum 2023 in Davos, Switzerland, both Synive…
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