In previous articles, we have covered the need, budget, stakeholders and the business leader for our blockchain endeavour. What would be our next step? Hire the right people. It doesn’t matter if you will try to hire them as employees or as contractors. You have to be able to ask the right questions on the interviews or negotiations. You have to be able to put the right thing in the contract or statement of work.
So who do you need?
First you are looking for business leader. A person with experience in the field you have decided to experiment with. Person with experience and a proven track record of breaking the rules to get the job done. It would not do any harm if he or she are a bit of technology geeks (latest version of phone and house with lots of sensors and local NAS can be an indication).
Because of our background we see need for a data guy — all in all blockchain is just a distributed “database”. Person that can understand difference between structured and unstructured data sets. That can pull stuff from flat file, ERP system, SQL database or a file system. Can do attitude, basics and some success stories would do as a reference points. If we were you we would ask a question how much time it takes to pull or push data? Basing on answer or rather a counting questions you will get in return you can tell if there is capability.
Now we really need some hardcore programmers. You usually cannot buy everything. Building stuff will be required faster than you think. What to ask for? One of the authors of this article would say Python / JavaScript is a good foundation for many things in blockchain area. Another one will straight away add Solidity. Then he would say there is a need for asynchronous programming experience, node.js, Rest API, JSON Web Tokens. Fortunately we did not have to go back to databases and connected topics — this is covered by our data guy from previous part of the article.
Now you have too look at the core of the applications working in the business area you want to adress. Even in your cutting edge project you need some of this to make sure that you are not reinventing the wheel.
Now somebody will ask — where on our list you have blockchain developers. Those with years of experience and many successful implementations under their belt. Well — they don’t exist. But is this a good enough reason to forget about them? Definitely not. What is a good reason to forget about is the fact that blockchain is only the addition. It is the enabler that will allow you to address some of the issues you were not able to cope previously. It has got its place in overall architecture and might be a positive kick to get your problems addressed.
So getting back to setup of the team exercise you need a programmer like mentioned above. The only difference is that this person on the interview has to be able to share with you a comprehensive history of different blockchain developments from the past. After he or she are done with it you need to hear what is the vision for the future. Personal vision with some consideration given to current known limitations of blockchain. People like this are essential to get traction on things like smart contracts or distributed applications.
Now another important subject. How many we need. How many in general and how many of each. Our ideal world answer would be three of each. This number apart from magical connections allows for innovation. You need three non-collinear points to describe a plane.
Technical folks need somebody to talk with on daily basis. Sometimes they use other human beings as a rubber duck. That is ok. But in many occasions you need somebody to allow you to look broader. Thanks to that you can pivot and be more successful. So if not three then what? The answer is simple: How much you can afford?
was originally published in on Medium, where people are continuing the conversation by highlighting and responding to this story.
Global Market was valued at USD 357.7 million in the year 2017. Global Blockchain market is further estimated to grow at a CAGR of 74.5% from 2018 to reach USD 10.10 Billion by the year 2023. North America region holds the highest market share in 2017 and Asia-Pacific market is considered as the fastest growing market in the forecasted period due to high adoption and acceptance of Blockchain technology. At country level U.S, Japan & China is projected to grow strongly in the coming years.
JP Morgan Chase (U.S), IBM Blockchain (US), Microsoft Blockchain (US), Chain, Inc. (US), Amazon AWS (U.S) and Abra (US) are some of the key players in the Global Blockchain market. Rising research and development expenses to cater changing demand of end users, similarly growth strategies such as acquisition, merger and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
Drivers:
Rapidly growing cryptocurrency market
Providing faster transactions
Restraints:
Unregulated and not monitored by any central bank
Opportunities:
Increasing traceability and customer experience
Providing Security of online communications
Challenges:
Security & privacy
Lack of awareness about technology
The segmentation are done on the basis of provider, by application, by organization size, by industry vertical and by region. On the basis of application, the global blockchain market is sub segmented as payments, smart contracts, exchanges, documentation, digital identity, supply chain management, governance, risk and compliance management and others (digital voting and content storage management) of which the payment segment is expected to hold the highest market share during the forecast period. On the basis of providers application and solution provider holds the highest market share in coming years.
The segmentation done on the basis of Industry Vertical, the real estate segment is expected to hold the highest market share among other industries. On the basis of Organization Size the market is segmented as small and medium-sized enterprises (SMEs) and large enterprises of which large enterprises is expected to grow at the highest CAGR during the forecasted period.
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Key Benefits for Stakeholders
Blockchain Manufacturers, Distributors and Retailers
Research and Consulting Organization
Technology Standards Organizations, Forums, Alliances and Associations
End use industries
Regulatory bodies, policy actors and consumers.
By Application
Payments
Smart Contracts
Exchanges
Documentation
Digital Identity
Supply chain management
Governance, risk and compliance management
Others (digital voting and content storage management)
By Provider
Application and solution provider
Middleware provider
Infrastructure and protocol provider
By Organization Size
Small and Medium-Sized Enterprises (SMEs)
Large enterprises
By Industry Vertical
Banking, Financial Services, and Insurance (BFSI)
Government and public sector
Healthcare and life sciences
Media and entertainment
Retail and e-commerce
Travel and hospitality
Transportation and logistics
Real estate
IT and telecommunications
Others (automotive, education, and energy and utilities)
By Region
North America
Europe
Asia-Pacific
RoW
Key Market Players
360 Blockchain Inc.
Amazon AWS
Abra (US)
Deloitte
IBM Blockchain
Microsoft Blockchain
Chain, Inc.
Ripple
BTL Group
Coinbase
Axoni
JP Morgan Chase
(A brief overview of 13 companies is also provided)
For More Technical Insights
Detailed customization is also available for you. Further, if the report listed above does not meet with your key requirements. Our customized research report will analytically cover the required market information you need which will help you to plan your business decisions.
The curious case of XDC blockchain protocol
Technology has seen more rapid growth than any other aesthetic aspect of modern world. With the evolution of man’s physical structure his needs evolved and so did the technology to suffice them. From the times of barter system to coins and currency notes and now to cryptocurrency we have come a long way. Blockchain technology has revolutionised the arena of transactions with more than 12,000 bitcoin transactions taking place every hour with a 24 hr trading volume of $4.9 billion, the boundaries for demands of this technology is unfathomable. The tweaks and innovations are an ongoing process to improvise the efficiency and performance of this technology. I recently encountered one such amazing solution i.e. XDC protocol based on hybrid blockchain technology.
The concept and implementation were presented at the seminar- Blockchain and Business Event’ organized by Nanyang Blockchain Association by Mr. Karan Bhardwaj, CTO, XinFin- a Singapore based technology organisation which works on developing blockchain based solutions for enterprise use cases for global usage. He also explained the practical usage and implementation feasibility of XDC protocol in various enterprise use cases. So I’m going to share some key points that I have gained about this interesting framework.
What is XDC protocol?
The architectural network for XDC is a combined progeny of Ethereum and Quorum. Working on the principles of hybrid blockchain, it derives the best features from both private and public networks. It maintains both, a private state and a public state. Private state ensures that the sensitive financial data is secure yet at the same time its public state makes it transparent and verifiable making XDC protocol secure, scalable and lightning fast. The high auditability and security make it more interoperable and easily integrable with other blockchain platforms. Mr. Bhardwaj highlighted some key points like:
The network runs on a delegated proof of consensus permissioned stakeholders.
The basic unit of a blockchain using XDC protocol is XDC tokens.
IoT layer over the XDC protocol allows real time data to be fed into the blockchain.
It can work as a messaging and confirmation layer for domestic or cross border approved payments or the XDC token can be used as a payment and settlement layer supported by approved financial institutions just like bitcoin.
The protocol is based on a sector agnostic architecture and hence can be implemented across various industries.
What is hybrid blockchain architecture?
The XDC blockchain is built upon the paradigm of hybrid architecture that differs from conventional private/permissioned blockchains as well as public blockchains.
Karan demonstrated the hybrid network pictorially and said “XDC Hybrid architecture addresses the shortcomings of all private and public blockchains and makes XDC protocol suitable for real world applications. It combines the availability, transparency and decentralization benefits of public blockchain along with security, privacy and high transaction speed benefits of private blockchain.”
As per my understanding, public state of the XDC blockchain is shared by all participating nodes as per their ownership by different constituents. Groups of nodes can further form fully permissioned networks with their own private state that is accessible only to authorized members. The transactions are mirrored on both levels giving transactional visibility a multi dimensional access as per use case. The private network state is maintained in its respective network but a record (hash) of transactions and smart contracts is stored on the public state of the blockchain. The public state can be used for preliminary normalised activities that need high throughput and transparency and low security. The private state can be used to protect sensitive and financial data from outside world by the means of access restriction.
Practical Applications:
Karan shared some really important insights about the current application sectors of XDC protocol including the combined product with smart contracts which can be leveraged to build various distributed applications (DAPPS). He further shared such applications will find a wide array of implementations in areas such as supply chain, financing, procurement, distribution, settlement etc. For example, an Uber like service could actually be setup on the XDC blockchain where riders and customers can book their rides via DAPP with transactions recorded and settled on the blockchain. XDC Protocol will also support non-tokenized solutions that will help improve the business process efficiencies across different industry sectors. As much as i could understand, there are endless prospects. The parent company XinFin has also created a Dev Environment for industry professionals to come up with more ideas and build DAPPs and use cases along with XinFin that will facilitate several industrial applications on the XDC blockchain.
He also added that since XDC blockchain provides a distributed ledger solution that can store variety of records and information, several business applications or ledger solutions can be revamped using the XDC platform. This is particularly interesting for domestic scenarios and for large corporates and banks where transaction volume is large in general, and help them to improve their business process efficiencies wherever multiple reconciliation processes, disjoint systems and other synchronization or efficiency challenges exist. Corporates, can use XDC protocol to build internal ledgers for transactions, KYC or AML records, internal processes such as employee records, travels, intra-company transfers etc.
It would be interesting to see how multi dimensional approach towards blockchain can change the face of both backend implementation and user experience in different sectors.
was originally published in on Medium, where people are continuing the conversation by highlighting and responding to this story.
The first peer-to-peer network connecting private and professional manufacturers to their clients by mapping global manufacturing capacities
About Productivist
Since blockchain was conceptualized in 2008, its enormous potential has become more and more apparent. Indeed its recent success is a silent acknowledgement that the world is ready to explore the opportunity for everyone to contribute to the management of the data stream which governs it. However, the full potential of this awakening has yet to be implemented across the industries. The Productivist solution comes in answer to the enormous power this technology can offer the manufacturing world in general.
The Productivist blockchain project aims to create an open data stream where private individuals and companies of any scale can contribute to power the Indus- trial Revolution 4.0. The manufacturing world has reached a point where the only solution to prevail is heavy investments, relocations and aggressive management. We, at Productivist, wish to offer an open, free and global alternative thanks to technology.
In 2016 we created Freelabster.com: a collaborative network which connects 3D printing experts to potential clients. This strong and highly skilled network has rapidly grown over the past 2 years and it continues to grow every day. Today we have more than 3000 certi ed Freelabsters, (both companies and individuals) who offer their service to both the private and public sector. The Productivist Block- chain project will not only open the concept of Freelabster to all manufacturing technologies and give them access to a global map of manufacturing capacities but it will also provide security and privacy through its Smart Contract Protocol.
Productivist’s Mission
Create an open data stream whereby private companies of any scale and individuals can help power the industrial Revolution 4.0.
Productivist’s Blockchain Project aims to innovate the way we currently work, creating a new standard for smart manufacturing production.
Thanks to the Blockchain, our open eco-system will manage the manufacturing 4.0 chain of command, decentralizing the production.
A remote, secure, effective solution for manufacturers and their clients ensuring, not only secured data, but also transparency.
One blockchain
Multiple technologies
The Productivist eco-system is designed to be adaptable solution for all sectors of manufacturing.
Check this link
ProducToken
The PROD will be used as utility token. Their value will rise according to the commercial usage of the eco- system.
The fiat money received to purchase services through the Productivist’s ecosystem will be changed into PROD tokens.
Manufacturers will be able to decide either to be paid in PROD or in Fiat money.
Partnerships with change desks and listing on trading platform will enhance liquidity and fair value.
Token info
Ticker:PROD
Platform:Ethereum
Token Type:ERC20
Available for sale:61,700,000 PROD
Financial
Price:1 PROD = 1 EUR
Accepting:ETH, BTC, DOGE, DASH, LTC
Soft cap:3,000,000 EUR
Hard cap:50,000,000 EUR
Productivist’s Token Sale
Team
The Productivist Blockchain Project’s team has been built around the expertise of Freelabster’s founders.
Productivist bounty program
Productivist is pleased to announce the opening of its Bounty Program. Your contributions are highly important to us as they will increase the efficiency of our communication and help spread information about those goals achieved during our business development.
Register and track in real time your bounties performances into your Productivist token sale account.As a participant of Productivist Bounty Program, you will be rewarded for writing and sharing posts about Productivist, ProducToken and the ICO, getting feedback on them, adding followers or views on share videos too.A total of 5% of PROD token is allocated to the Bounty Program for an equivalent of 5,000,000€.Campaign period runs from 21/03/2018, to the end of the ICO or once the bounty budget is finished.
PDF :
Whitepaper & Documents
Social media
WEB
Bitcointalk user Name wasean
Bitcointalk Profile link
