5 Easy Ways To Determine If Your Company Needs Blockchain by Lisa M. Schwartz

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Blockchain, the cloud-based distributed ledger, is one of the hottest emerging business technologies. But how do you know if your company needs to create or join one?

To help you make that decision, you and your organization should ask (and answer) the following five basic questions:

1. Are we ready to lead a blockchain initiative, one that spans an industry or even multiple industries?

Blockchains provide a shared, immutable, secure record of transactions across a business network, so embarking upon a blockchain project will require your commitment to a process that goes beyond your own organization or business—“going big,” so to speak.

For example, a global shipping management company is going big with a blockchain to simplify the documentation process among ocean carriers, truckers, customs agencies, and logistics providers, projecting a 60% reduction in the time required to collect and confirm data from multiple parties.  One federal government—working with banks, customs, food and drug administration officials, and other organizations—is using blockchain to identify counterfeit goods and prevent fraudulent customs activity. To prevent contamination, large and small enterprises across food industry supply chains are exploring blockchain to verify and prove that food is safe at every stage, from point of origin to distribution, from point of sale to consumption. Read the complete article here.

 

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Technorati Tags: SOA Community,Oracle SOA,Oracle BPM,OPN,Jürgen Kress

About Jürgen Kress
As a middleware expert Jürgen works at Oracle EMEA Alliances and Channels, responsible for Oracle’s EMEA Fusion Middleware partner business. He is the founder of the Oracle SOA & BPM and the WebLogic Partner Communities and the global Oracle Partner Advisory Councils. With more than 5000 members from all over the world the Middleware Partner Community is the most successful and active community at Oracle. Jürgen manages the community with monthly newsletters, webcasts and conferences. He hosts his annual Fusion Middleware Partner Community Forums and the Fusion Middleware Summer Camps, where more than 200 partners get product updates, roadmap insights and hands-on trainings. Supplemented by many web 2.0 tools like twitter, discussion forums, online communities, blogs and wikis. For the SOA & Cloud Symposium by Thomas Erl, Jürgen is a member of the steering board. He is also a frequent speaker at conferences like the SOA & BPM Integration Days, JAX, UKOUG, OUGN, or OOP.

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