Home Applications Cisco: Leading Blockchain from Exciting Experiment to Widespread Adoption

Cisco: Leading Blockchain from Exciting Experiment to Widespread Adoption

0
Cisco: Leading Blockchain from Exciting Experiment to Widespread Adoption
0

Like the Internet and the Internet of Things (IoT), blockchain transformation will be a multi-year journey. We’re now at the beginning of that journey—an exciting time, when innovators from across industries are experimenting with new ways to harness blockchain technology in applications that range from enabling real estate transactions to securing energy grids and autonomous vehicles.

But to unlock the value of blockchains and to ensure their widespread adoption, the industry needs to drive technology standardization and interoperability. To this end, Cisco is joining forces with the blockchain ecosystem in key forums. Between this week and last, we’ve announced our investment and expanded engagement in two major industry consortia:

  • Enterprise Ethereum Alliance (EEA): To be taken seriously blockchain needs enterprise-ready capabilities. That is the focus of EEA. “Enterprise-class blockchain technologies have a potential to redefine how organizations transact value,” said Maciej Kranz, vice president of Strategic Innovation at Cisco. “Cisco sees great potential in the EEA’s work—its ecosystem efforts complement other industry initiatives that are exploring blockchain as a potential foundation for enterprise technology solutions.”
  • Hyperledger: Cisco is a founding member of the Hyperledger project created in the Linux Foundation in December 2015. This forum is recognized as a foundational open source initiative that will define how enterprises should respond to blockchain growth opportunities. Today, we announced further investment as a premier member. In this expanded position, Cisco will be able to take a greater leadership role in defining modular architectural approaches within the blockchain ecoysystem.

In addition, Cisco is leading the formation of the Trusted IoT Alliance, focused on ensuring blockchain interoperability in IoT applications, regardless of underlying blockchain platform. This effort will help accelerate the adoption of blockchain solutions in IoT—ranging from managing and reporting mining site data, manufacturing supply chain, transportation data security, oil and gas operations, and energy production – all the way to insurance risk management. These types of applications are often disrupting decades-old business processes and technical workflows. And they all have to work together to maximize value. By leading the Trusted IoT Alliance, Cisco will help to bridge these investment areas and allow customers and partners to take advantage of economies of scale across various ecosystems.

Read the entire article here, Leading Blockchain from Exciting Experiment to Widespread Adoption

via the fine folks at Cisco Systems.

Categories:
Cisco Cisco is the worldwide leader in IT that helps companies seize the opportunities of tomorrow by proving that amazing things can happen when you connect the previously unconnected.

Featured Resources:

Related Articles:

| LATEST FEATURED RESOURCES

White Papers

    Application Lifecycle Management with Stratusphere UX – White Paper

    Enterprises today are faced with many challenges, and among those at the top of the list is the struggle surrounding the design, deployment, management and operations that support desktop applications. The demand for applications is increasing at an exponential rate, and organizations are being forced to consider platforms beyond physical, virtual and cloud-based environments. Users […]

    Downloads

      Download Commvault VM Backup and Recovery: end-to-end VM backup, recovery and cloud management

      Commvault’s ability to provide end-to-end VM backup, recovery and cloud management creates a significantly better way to build, protect and optimize VMs throughout their lifecycle. Our best-in-class software for VM backup, recovery and cloud management delivers a number of significant benefits, including: VM recovery with live recovery options; backup to and in the cloud; custom-fit […]

      On-Demand Webinars

        What’s Going on in EUC Printing – A Technical Deep Dive!

        The IGEL Community and ThinPrint invite you to watch the following technical deep dive webinar. The agenda is to technically bring you up to speed on what’s going on in the EUC Printing space today along with a deep dive into new methods, technologies, printing scenarios and a discussion on why printing still matters. You […]

        Latest Videos

          Views All IT News on DABCC.com
          Views All IT Videos on DABCC.com
          Win big $$, visit ITBaller.com for more info!

          Visit Our Sponsors

          Close