Pete Harris

Analysis: What Blockchain Technology Means for Artificial Intelligence

Just as blockchain technology is being aligned with the Internet of Things (IoT), it is also increasingly being mentioned by those involved in advancing artificial intelligence (AI). Indeed, some — including legacy institutions like IBM and SAP — see a future involving the convergence of all of these technologies.

A (Relatively) Established Technology

Blockchain and IoT: Why They Depend on Each Other

The other week, I posted a message on LinkedIn to call out Dell Technologies on its recent, high-profile announcement of an Internet of Things (IoT) initiative.

The tech giant plans to invest $1 billion in IoT developments over the next three years, CEO Michael Dell told an audience at a corporate event in New York City. But it seems that none of that money will go toward blockchain initiatives, as the technology was never mentioned during any of the presentations.

Analysis: Oracle’s Blockchain Move Is Critical

The recent news regarding Oracle and blockchain technology is really important. In some ways, Oracle’s embrace of the blockchain is more significant than IBM’s big bet on the technology and Microsoft’s support for it.

While Oracle’s blockchain ambitions were socialized over the summer via blog posts and low-key presentations, the official launch of the Oracle Blockchain Cloud Service took place at the company’s annual Oracle OpenWorld conference on October 2.

“Oracle Blockchain Cloud Service provides enterprise-grade blockchain capabilities and is able to accelerate innovation for on-premises [enterprise resource planning (ERP)] and cloud-based [Software as a Service (SaaS) and Platform as a Service (PaaS)] customers,” noted Amit Zavery, senior vice president of Oracle Cloud Platform.

Analysis: IT Heavyweights Are Waking Up to Blockchain

Since launching the Hyperledger Project, IBM has elevated its blockchain focus to align it with its cloud business and its activities in artificial intelligence and IoT architectures.

IBM’s blockchain business is still in its early days. Numbers have not been published but its investment has been huge and now some revenue is trickling in. According to a report published in April by International Data Corp, blockchain has the “potential to become one of [IBM’s] fastest-growing sources of revenue starting in 2017.”

Indeed, the company has initiated more than 400 customer projects involving blockchain technology and it’s involved in some high profile work in the post-trade derivatives processing space with the Depositary Trust & Clearing Corp., automating trade finance with a consortium of European banks, improving logistics with Maersk and advancing food safety initiatives with a consortium led by Walmart.

Since IBM threw its hat into the blockchain ring, a few similarly-sized global IT vendors have also begun to set out their visions with regards to blockchains and most of that activity has been taking place this year. Among the IT heavyweights, blockchain progress has been slow, but now some tangible momentum is building. Here’s a roundup of activity to date from vendors that IBM might think of as its peers.

Analysis: Thomson Reuters’ Blockchain Baby Steps Are Significant

In the world of financial markets, there’s an old saying (from 1984) attributed to former Citicorp CEO and chairman Walter Wriston: “Information about money has become almost as important as money itself.”

More than 30 years later, that sentiment has surely become a truism, especially in an age of fast, global communications, flash crashes, big data analytics and digital currencies. It’s a market that Thomson Reuters knows well.