Real World Uses of Blockchain Technology

IBM Japan/ Business Unit Executive, Blockchain Solutions Michiyasu Takada talks of real world uses of Blockchain technology.

Takada starts with the supermarket and how we can use Blockchain to monitor the freshness of beef, to monitoring costs, using smart contracts thereby benefiting consumers and suppliers.

He emphasises automated contracts and speaks of small to mid-size businesses, trading, financial markets and solo usage of Blockchain is limited; however if it used on scale there is greater potential.

In the logistic world, he uses examples of how it can be applied. He talks of smart phone usage and speaks of fabrication factories can use images from phones to merchandise. He also speaks of falsification in systems too.

Currently, IBM is developing the smallest computer the size of a salt.

The idea is to embed Blockchain onto such a brain. That is the world they are trying to create.

Going back to food, he talks of food safety, logistics and real world usage. He is thinking of the importance of fortifying the usage of Blockchain and how days ideally ought to be shared.

His vision for the future is one of IoT, interconnectedness.

This is important particularly when we are thinking of space and interconnectedness would be vital for our communications as interplanetary species.

Earth can be a great platform for testing. He speaks of green fields and talks about how we can learn Blockchain, use cases and actually touch it, otherwise we would never understand it.

He also refers to using it stage by stage, gradually small and iterating and then growing something larger.

When you think of applications and real uses he talks of cloud platform and the testing is usual simple to start though equally vigorous.

He believes it is important to form consortiums and if it goes into production how would we build users.

Warning it would not be smooth and once testing is done, then there would be gradual deployment and users.

Hyperleger fabrics are also being developed as a platform and applications are built on top and they are also considering supporting a consortium. The platforms that IBM have developed are also providing shared platforms and data.

 

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Written by Helen Tung

Emergent Tech Advisor/ MINERVA fellow- Space Applications & GNSS, EU – Japan Centre

Creative Convenor, EU-Japan NewSpace2060 Illustrated Haiku Competition 2019

 

#IBM #JBC2019 #NewSpace2060 @EUJapanCentre

 

 

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