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The Back End of Blockchain

The tech behind the craze.

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Contributors

  • Bob Summerwill, Community Ambassador, Sweetbridge
  • Cyrus Kalatbari, IT Infrastructure Architect, Liquor Control Board of Ontario
  • Drew Patel, Founder & CEO, BloodChain
  • Elton Tucker, IT Architect and Strategist
  • Gal Mordechai, Product Manager, Sweetbridge
  • Henry Ki, VP and Chief Technology Officer, Home Trust Company
  • Hugo Fragoso, Enterprise Architect – Azure and System Center, New Signature
  • Jason English, VP Protocol Marketing, Sweetbridge
  • JT Armstrong, IT Architecture and Solutions Executive
  • Kunal Thaggarse, IT Infrastructure Lead
  • Mark Hoy, IT Infrastructure Consultant
  • Matt Dowd, IT Operations Director
  • Michael Desbiens, Executive Director, Operations Technology Sustainment, Workplace Safety and Insurance Board of Ontario
  • Nenad Begovic, Director of Infrastructure and Operations, Equitable Bank
  • Norval Oswald, Infrastructure, Operations, and Cyber Security Project Manager, NorvCo
  • Peter Madison, Business Improvement Consultant, Xodiac Consulting
  • Steven Berkovitz, SVP, Architecture, Retail Technology, Tulip Retail
  • 3 anonymous contributors

Your Challenge

  • Everyone’s talking about how blockchain is a transformational technology.
  • Organizations fear they risk getting left behind if they are slow to adopt.
  • Production-ready blockchain products and services don’t yet exist.
  • Skilled blockchain developers are unicorns, while snake oil “blockchain” vendors are a dime a dozen.

Our Advice

Critical Insight

  • Blockchain is a scalpel, not a Swiss Army knife. Blockchain is a tool that works to solve trust problems.
  • PoC must come first. Establish value before a purchase. Blockchain is not a commodity that can provide value out of the box.
  • The technical stuff matters. You can drive a car without knowing how it works, but you can’t design and build one. Blockchain solutions are still being designed and built.

Impact and Result

  • Understand the specificity of blockchain’s function as a tool.
  • Grasp how blockchain ecosystems currently operate.
  • Be prepared to answer questions about blockchain, whether you’re using it or not.
  • Determine the best course of action based on your organization’s situation.

Research & Tools

Start here – read the Executive Brief

Read our concise Executive Brief to find out how blockchain works, its strengths and weaknesses, current implementation options, and how to chart a course of action.

1. What blockchain does

Learn how blockchain actually works, and review detailed case studies that show how the technology delivers value.

2. Blockchain ecosystems

Review the types of blockchains and the options for blockchain ecosystems, along with the challenges posed by blockchain and how to overcome those challenges. Chart a path forward and present your findings to business stakeholders.

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