Any transaction requires trust between parties. It’s been a long time banks have our de facto trust, but’s it’s much harder for smaller businesses to be trusted by their customers, especially when it comes to financial transactions. Blockchain allows us to create trustful transactions without the need for huge two-way audits beforehand.
When it was first created, blockchain was only used for the purpose of exchanging virtual goods existing on the chain itself. Soon were created the so-called smart contracts, whose state can be used to model any real-life use case. With their help, a general ledger of anything can be maintained.
In this talk, Grégoire will explain how, because today's transactions have to happen fast, using blockchain as a side medium to provide evidence of events can allow to let business logic be executed without waiting for a write, and still provide a high confidence that can be exposed to customers.
There has been a lot of hype around the Distributed Ledger Technology (DLT) or Blockchain over the last years. Blockchain re-imagines whole industries, promises streamlined business processes and enables new innovative business models. With most of the enterprises experimenting with Blockchain and investing in pilot programs, we already see the signs of enterprise adoption with the financial institutions leading the way. But, scalability and lack of regulations remain an issue. In this panel we will look at the current state of Blockchain adoption in enterprises and discuss potential future developments in this area.
