What are the key benefits of blockchain? – Developer Perspectives On Blockchain series

What are the key benefits of blockchain? – Developer Perspectives On Blockchain series


[ MUSIC ] AVERY: I like how potentially how
efficient it could make business. In any sort of company that at some point
somebody has to go do something manually, click buttons, fill out forms, do some sort
of manual process, and this becomes some sort of bureaucracy that you have to deal with. I think blockchain has the potential to
eliminate a lot of that, to automate a business. Part of that is finding good use
cases where can it help businesses, and I think that if we built this
technology in sort of a closed environment, we’d probably do so with banks
or other financial institutions and we’d get a very limited set of use cases. The one thing I like about this project
is that it’s being developed in the open so we can get the community involved,
trying out all sorts of ideas for how they can use a blockchain to
automate some sort of business process. IBM, what they’re doing with blockchain is
built on top of the Hyperledger Project. When we’re talking about what [is] open about
it, that fabric that we’re using — the fabric being the peers,
the identity services, everything that makes this blockchain
network work — that code is open source. And so, anyone can participate in that
project, contribute code, and build out demos. And so, that’s what excites me about it. [ MUSIC ]

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One thought on “What are the key benefits of blockchain? – Developer Perspectives On Blockchain series”

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