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Internet of Blockchains | @ExpoDX #FinTech #Blockchain #Hyperledger #Bitcoin #Ethereum

Most leaders in the industry embrace, quite sensibly, the idea of a multitude of blockchains

Internet of Blockchains: How Networks of Distributed Ledgers Will Enable Scalability and Cross-Chain Value Exchange

A few years ago – in the early days of Blockchain – a lot of people were taken with the idea of a multifunctional chain on which all transactions could be handled.

After Ethereum was launched in 2014, its advocates were talking themselves hoarse about the transformative opportunities the platform introduced. Decentralized applications, they predicted, along with all sorts of value transfers would be executed exclusively on Ethereum from that point on, and no other networks would ever be needed.

However, that belief didn’t last long: experts saw major networks facing scalability issues when trying to increase their user bases and, also, they saw the frequent hacking.

After a while, there were but a few people left who supported the concept of the “one mighty chain”.

Now, most leaders in the industry embrace, quite sensibly, the idea of a multitude of blockchains. They encourage and often fund generously the developers who come up with promising and innovative blockchain tech, and they stress repeatedly the need to make these networks interoperable.

There are several projects out there that, seeing the market fit, concern themselves with bringing “Internet of Blockchains” to life. Today, we’ll discuss a few of them.

Why a Single Blockchain Won’t Suffice
Decentralization on Ethereum, some think, is not properly to be called decentralization. Even though there’s modularity on the blockchain, which stems from the smart contracts functionality it enables, the blockchain users are still protected by a single network. And if there’s ever a fail in terms of governance (check the DAO incident to see what we are getting at) people might incur disastrous losses.

There are also strict rules and a constant need to maintain consensus across Ethereum. Its developers, therefore, have not a freedom to experiment; they can’t implement changes quickly and test out, with immediate feedback, their innovations.

Bitcoin is a prime example of how inefficient governance might lead to prolonged stagnation. The network, that was once expected to reshape our whole economy, has been suffering for years from the lack of meaningful improvements applied to it.

What is an “Internet of Blockchains”?
As we’ve mentioned earlier, there are now a few projects in the blockchain space that are planning to bring distributed ledgers closer. They want to launch networks of individual and interoperable chains that, according to the founders, will enable programmers to innovate, allow for quick value transfers and seamless scalability.

Cosmos’ Internet of Blockchains

The first such project we must mention here – one that has done an ICO recently and raised over $17m in about 30 minutes – is Cosmos.

Its main gist, as stated in the project’s white paper, is introducing zones (independent blockchains) that are all connected via Cosmos hubs.

These zones are built in a standardized fashion, sort of like web pages, and, due to their being interoperable, coins and tokens can be transferred across the chains with little effort.

Cosmos blockchains will all use Proof of Stake. A security deposit will be required from validators, malicious actors will be penalized and possibly lose their bonds.

The underlying mechanism behind Cosmos is Tendermint – the general purpose blockchain consensus engine which, too, has been developed by the Cosmos crew. Essentially, Tendermint is a development kit; a template, if you will, on which Byzantine fault tolerant (BFT) blockchains can be quickly manufactured.

Cosmos hubs, on the other hand, are blockchains that glue the zones together; they administer, efficiently, the communication between sub-chains and coordinate their interactions.

Initially, there will just be one Cosmos hub, to which multiple zones will be plugged into. But, eventually – once the network’s user base grows large – users will be encouraged to create their own hubs, too, using the open-source technology that Cosmos provides.

The native tokens of the Cosmos networks are called Atoms. A portion of them have already been distributed via an ICO the project has run earlier this year. The tokens will grant access to Cosmos’ decentralized organization, and, also, they’ll be used to pay transaction fees within the network when the system is running.

Those with staked tokens will be able to secure the network themselves, by validating blocks, or delegate their assets to others and earn commission afterward.

Besides that, Cosmos seeks to access the existing cryptocurrencies such as Bitcoin or Ethereum. It plans to do so via pegged derivatives – the blockchains with the same codebase as these large networks yet with an altered validator set.

Polkadot’s Internet of Blockchains

Note: The terminology the Polkadot project introduces varies completely from that on the Cosmos network: instead of zones Polkadot has Parachains; instead of a hub it provides a Relayer chain; instead of derivative chains it offers bridges and, finally, instead of Atom its token is named Dot.

Polkadot’s functionality resembles a lot the ways of Cosmos, yet there are a few distinctive features we should mention. Namely:

  • It won’t allow as much sovereignty to its parachains as Cosmos does to its zones; it will require every element of its network to be plugged into the Polkadot security model and consensus
  • It seeks to permit transferring data across different chains; not just tokens and coins.

The project is quite known in Ethereum circles. The pioneer engineer behind it, Gavin Wood, is also one of the main people behind Ethereum and the co-founder of the Parity Wallet.

The distributed consensus on Polkadot will be reached through PoS. So, validators will have to stake Dots – Polkadot’s intrinsic tokens – before they are given governing rights (staked tokens will allow voting to add, change, or remove parachains hooked to the relay chain).

Polkadot’s policy to have all sub-blockchains plugged into one consensus engine has both advantages and drawbacks to it. It allows programmers to focus on building features and not worry about the p2p consensus, but it also limits, substantially, the blockchains’ flexibility.

There are four roles on the Polkadot network that its members might assume after staking their tokens. They might be:

  • Validators who secure the network and write to its history
  • Nominators who give their bonds to validators thus indicating trust
  • Collators who bundle transactions from all parachains into the proof of validity blocks and then submit them, unsealed, to validators
  • Fishermen who are the network’s police; who try to weed out bad actors from the Polkadot ecosphere and, upon that, get a significant reward.

Polkadot and Cosmos are not competitors. They do provide similar services but, at the same time, they might complement each other and, conjointly, help boost innovation in the blockchain world.

Polkadot, too, ran an ICO which ended on October 27. On November 8, however, there’s been a hack (the second one) of the Parity multi-sig on Ethereum, and, as a result, the Polkadot ICO was frozen.

As of now, the founders, are still trying to figure out what happened and find a solution as to how unlock funds from the destroyed smart contract. Most likely, we’ll see Ethereum developers harf forking the network, once again, and rolling back the unnecessary changes.

Conclusion
Neither Cosmos nor Polkadot has yet launched a public-facing blockchain. We hope sincerely that the technology gives birth to a new generation of versatile blockchains and establish, smoothly, the interchain communication. But, being realistic, we also expect these projects to quite a few bumps on the way to bootstrapping the blockchain networks. Let’s wait and see how things pan out.

Would you like to learn more about the Internet of Blockchains concept? Have an idea for a blockchain application yourself? Reach out, we’ll gladly help you turn it into reality.

The post Internet of Blockchains: How Networks of Distributed Ledgers Will Enable Scalability and Cross-Chain Value Exchange appeared first on Perfectial.

CloudExpo | DXWorldEXPO have announced the conference tracks for Cloud Expo 2018, introducing DXWorldEXPO.

DXWordEXPO, colocated with Cloud Expo will be held June 5-7, 2018, at the Javits Center in New York City, and November 6-8, 2018, at the Santa Clara Convention Center, Santa Clara, CA.

Digital Transformation (DX) is a major focus with the introduction of DXWorld Expo within the program. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term.

A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throughout enterprises of all sizes.

Cloud Expo | DXWorldEXPO 2018 New York 
(June 5-7, 2018, Javits Center, Manhattan)

Cloud Expo | DXWorldEXPO 2018 Silicon Valley
(November 6-8, 2018, Santa Clara Convention Center, CA)

Full Conference Registration "Gold Pass" and Exhibit Hall ▸ Here (Register ▸ Here via EventBrite)

DX World EXPO, LLC., a Lighthouse Point, Florida-based startup trade show producer and the creator of DXWorldEXPO® - Digital Transformation Conference & Expo has announced its conference agenda, with three major themes:

Technology - The Revolution Continues
Economy - The 21st Century Emerges
Society - The Big Issues

"DX encompasses the continuing technology revolution, and is addressing society's most important issues throughout the entire $78 trillion 21st-century global economy," said Roger Strukhoff, Conference Chair. "DXWorldExpo has organized these issues along 10 tracks with more than 500 of the world's top speakers coming to Istanbul to help change the world."

There are 10 tracks running throughout the event and following the major themes. More than 500 breakout sessions will be featured, along with keynotes and general sessions from some of the world's top technology, business, and societal leaders. The event will be held over five days in Istanbul, reflecting the global nature of Digital Transformation and the city's long and historic role as a key business and intellectual center and linchpin between East and West.

Full Conference Registration "Gold Pass" and Exhibit Hall ▸ Here (Register ▸ Here via EventBrite)

DX World Expo's Global Themes and Tracks are as follows:

Technology - The Revolution Continues

DX Tech: Data-Driven Global 2000
DX Tech: The Blockchain Challenge 
DX Tech: AI and Cognitive
DX Tech: The Global Cloud

Economy - The 21st Century Emerges

DX Econ: Software is Rewriting the World
DX Econ: Smart Cities, Nations, and Regions
DX Econ: FinTech and the Token Economy
DX Econ: The Industrial Internet and Industrie 4.0

Society - The Big Issues

DX Society: Environment
DX Society: Education
DX Society: Agriculture
DX Society: Health Care

Call for Papers -speaking opportunities- as well as sponsorship and exhibit opportunities will open on November 1, 2017.

World's Most Important Tech Event
DXWorldEXPO® will be the world's most important tech event with 1,000 exhibitors in its first year and 2,000 exhibitors in its second year, as it guides Global 2000 companies through their Digital Transformation journey for the next two decades. The global event is set to launch September 17-20, 2018 in Istanbul. It will be sponsored by Fortune 50 companies, and more than 30 international banks will be among sponsors of its FinTech/InsurTech track.

Gaining a better understanding of customers and acting upon this information is the foundation of Digital Transformation (DX) in the enterprise. Applying the latest technologies in this area is the key to driving new topline revenue opportunities.

Global 2000 companies have more than US$40 trillion in annual revenue - more than 50% of the world's entire GDP. The Global 2000 spends a total of US$2.4 trillion annually on enterprise IT. The average Global 2000 company has US$11 billion in annual revenue. The average Global 2000 company spends more than $600 million annually on enterprise IT.

Governments throughout the world spend another US$500 billion on IT - much of it dedicated to new Smart City initiatives. There are more than a dozen Global 2000 companies in Turkey, including Isbank, Garanti Bank, other financial institutions, Turk Telecom, Turkcell, Turkish Airlines, and ENKA.

Cloud Expo | DXWorldEXPO 2018 New York 
(June 5-7, 2018, Javits Center, Manhattan)

Cloud Expo | DXWorldEXPO 2018 Silicon Valley
(November 6-8, 2018, Santa Clara Convention Center, CA)

Full Conference Registration "Gold Pass" and Exhibit Hall ▸ Here (Register ▸ Here via EventBrite)

More Management Quotes
"For the past 10 years at Cloud Expo, we've helped drive the migration to modern enterprise IT infrastructures, built upon the foundation of cloud computing. Today's hybrid, multiple cloud IT infrastructures integrate Big Data, analytics, blockchain, the IoT, mobile devices, and the latest in cryptography and enterprise-grade security," said Fuat Kircaali, Chairman and founder of DX World Expo, LLC.

"As a report from the World Economic Forum and Accenture recently stated, 'Companies need  to fundamentally change the way they identify, develop and launch new business ventures.' We agree," said Carmen Gonzalez, president of DX World Expo, LLC.

"Digital Transformation is the key issue driving the global enterprise IT business," said Roger Strukhoff, Conference Chair and Executive Director of the Tau Institute for Global ICT Studies. "DX is most prominent among Global 2000 enterprises and government institutions. Our new event in Istanbul brings together the top companies and delegates from around the world, who are transforming the world."

2018 Conference Agenda and Tracks, June 5-7, Javits Center

Track 1 | Cloud Expo - Enterprise Cloud
Track 2 | DXWorld Expo - Digital Transformation (DX)
Track 3 | The API Enterprise | Mobility & Security
Track 4 | DevOps | Containers & Microservices
Track 5 | Cognitive Computing | AI, ML, DL
Track 6 | Big Data | Analytics
Track 7 | IoT | IIoT | Smart Cities
Track 8 | Hot Topics | FinTech | WebRTC

Cloud Expo covers all of these tools, with the most comprehensive program and more than 120 top world-class speakers throughout our Industry presenting Keynotes, General Sessions, Breakout Sessions along eight focused tracks, as well as our signature Power Panels. Our expo floor brings together the world's leading companies throughout the world of Cloud Computing, DX, and all they entail.

As your enterprise creates a vision and strategy that enables you to create your own unique, long-term success, learning about all the technologies involved is essential. Companies today not only form multi-cloud and hybrid cloud architectures, but create them with built-in cognitive capabilities. Cloud-native thinking is now the norm in financial services, manufacturing, telco, healthcare, transportation, energy, media, entertainment, retail and other consumer industries, as well as the public sector.

Cloud Expo is the world's most important, independent event where technology buyers and vendors meet to experience and discuss the big picture of Digital Tranformation and all of the strategies, tactics, and tools they need to realize their goals.

Full Conference Registration "Gold Pass" and Exhibit Hall ▸ Here (Register ▸ Here via EventBrite)

Only Cloud Expo brings together all this in a single location:

  • Cloud Computing
  • Big Data & Analytics
  • Software-Defined Infrastructure
  • Industrial IoT
  • Industry 4.0
  • Artificial Intelligence
  • Cognitive Computing
  • Microservices
  • Machine Learning
  • DevOps
  • WebRTC
  • FinTech
  • Digital Transformation

Attend Cloud Expo. Build your own custom experience. Learn about the world's latest technologies and chart your course to Digital Transformation.

21st International Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world.

Download Show Prospectus ▸ Here

Full Conference Registration "Gold Pass" and Exhibit Hall ▸ Here (Register ▸ Here via EventBrite)

Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterprises are using some form of XaaS - software, platform, and infrastructure as a service.

With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo, October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.

2018 Conference Agenda and Tracks, June 5-7, Javits Center

Track 1 | Cloud Expo - Enterprise Cloud
Track 2 | DXWorld Expo - Digital Transformation (DX)
Track 3 | The API Enterprise | Mobility & Security
Track 4 | DevOps | Containers & Microservices
Track 5 | Cognitive Computing | AI, ML, DL
Track 6 | Big Data | Analytics
Track 7 | IoT | IIoT | Smart Cities
Track 8 | Hot Topics | FinTech | WebRTC

Cloud Expo | DXWorldEXPO 2018 New York 
(June 5-7, 2018, Javits Center, Manhattan)

Cloud Expo | DXWorldEXPO 2018 Silicon Valley
(November 6-8, 2018, Santa Clara Convention Center, CA)

Full Conference Registration "Gold Pass" and Exhibit Hall ▸ Here (Register ▸ Here via EventBrite)

Download Show Prospectus ▸ Here

Every Global 2000 enterprise in the world is now integrating cloud computing in some form into its IT development and operations. Midsize and small businesses are also migrating to the cloud in increasing numbers.  

Companies are each developing their unique mix of cloud technologies and services, forming multi-cloud and hybrid cloud architectures and deployments across all major industries. Cloud-driven thinking has become the norm in financial services, manufacturing, telco, healthcare, transportation, energy, media, entertainment, retail and other consumer industries, and the public sector.

Cloud Expo is the single show where technology buyers and vendors can meet to experience and discus cloud computing and all that it entails. Sponsors of Cloud Expo will benefit from unmatched branding, profile building and lead generation opportunities through:

  • Featured on-site presentation and ongoing on-demand webcast exposure to a captive audience of industry decision-makers.
  • Showcase exhibition during our new extended dedicated expo hours
  • Breakout Session Priority scheduling for Sponsors that have been guaranteed a 35-minute technical session
  • Online advertising in SYS-CON's i-Technology Publications
  • Capitalize on our Comprehensive Marketing efforts leading up to the show with print mailings, e-newsletters and extensive online media coverage.
  • Unprecedented PR Coverage: Editorial Coverage on Cloud Computing Journal.
  • Tweetup to over 75,000 plus followers
  • Press releases sent on major wire services to over 500 industry analysts.

For more information on sponsorship, exhibit, and keynote opportunities, contact Carmen Gonzalez by email at events (at) sys-con.com, or by phone 201 802-3021.

The World's Largest "Cloud Digital Transformation" Event

@CloudExpo | @ThingsExpo 2017 Silicon Valley
(Oct. 31 - Nov. 2, 2017, Santa Clara Convention Center, CA)

@CloudExpo | @ThingsExpo 2018 New York 
(June 12-14, 2018, Javits Center, Manhattan)

Full Conference Registration "Gold Pass" and Exhibit Hall ▸ Here (Register ▸ Here via EventBrite)

Sponsorship Opportunities

Sponsors of Cloud Expo | @ThingsExpo will benefit from unmatched branding, profile building and lead generation opportunities through:

  • Featured on-site presentation and ongoing on-demand webcast exposure to a captive audience of industry decision-makers
  • Showcase exhibition during our new extended dedicated expo hours
  • Breakout Session Priority scheduling for Sponsors that have been guaranteed a 35 minute technical session
  • Online targeted advertising in SYS-CON's i-Technology Publications
  • Capitalize on our Comprehensive Marketing efforts leading up to the show with print mailings, e-newsletters and extensive online media coverage
  • Unprecedented Marketing Coverage: Editorial Coverage on ITweetup to over 100,000 plus followers, press releases sent on major wire services to over 500 industry analysts

For more information on sponsorship, exhibit, and keynote opportunities, contact Carmen Gonzalez (@GonzalezCarmen) today by email at events (at) sys-con.com, or by phone 201 802-3021.

Secrets of Sponsors and Exhibitors ▸ Here
Secrets of Cloud Expo Speakers ▸ Here

All major researchers estimate there will be tens of billions devices - computers, smartphones, tablets, and sensors - connected to the Internet by 2020. This number will continue to grow at a rapid pace for the next several decades.

With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend @CloudExpo@ThingsExpo, October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-4, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.

Delegates to Cloud Expo | @ThingsExpo will be able to attend 8 simultaneous, information-packed education tracks.

There are over 120 breakout sessions in all, with Keynotes, General Sessions, and Power Panels adding to three days of incredibly rich presentations and content.

Join Cloud Expo | @ThingsExpo conference chair Roger Strukhoff (@IoT2040), October 31 - November 2, 2017, Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, for three days of intense Enterprise Cloud and 'Digital Transformation' discussion and focus, including Big Data's indispensable role in IoT, Smart Grids and (IIoT) Industrial Internet of Things, Wearables and Consumer IoT, as well as (new) Digital Transformation in Vertical Markets.

Full Conference Registration "Gold Pass" and Exhibit Hall ▸ Here (Register ▸ Here via EventBrite)

Financial Technology - or FinTech - Is Now Part of the @CloudExpo Program!

Accordingly, attendees at the upcoming 21st Cloud Expo | @ThingsExpo October 31 - November 2, 2017, Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, will find fresh new content in a new track called FinTech, which will incorporate machine learning, artificial intelligence, deep learning, and blockchain into one track.

Financial enterprises in New York City, London, Singapore, and other world financial capitals are embracing a new generation of smart, automated FinTech that eliminates many cumbersome, slow, and expensive intermediate processes from their businesses.

FinTech brings efficiency as well as the ability to deliver new services and a much improved customer experience throughout the global financial services industry. FinTech is a natural fit with cloud computing, as new services are quickly developed, deployed, and scaled on public, private, and hybrid clouds.

More than US$20 billion in venture capital is being invested in FinTech this year. @CloudExpo is pleased to bring you the latest FinTech developments as an integral part of our program, starting at the 21st International Cloud Expo October 31 - November 2, 2017 in Silicon Valley, and June 12-14, 2018, in New York City.

@CloudExpo is accepting submissions for this new track, so please visit www.CloudComputingExpo.com for the latest information.

Speaking Opportunities

The upcoming 21st International @CloudExpo@ThingsExpo, October 31 - November 2, 2017, Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY announces that its Call For Papers for speaking opportunities is open.

Submit your speaking proposal today! ▸ Here

About @CloudEXPO and @DXWorldEXPO
SYS-CON Media (www.sys-con.com) has since 1994 been connecting technology companies and customers through a comprehensive content stream - featuring over forty focused subject areas, from Cloud Computing to Web Security - interwoven with market-leading full-scale conferences. The company's internationally recognized brands include among others Cloud Expo® (@CloudExpo), Big Data Expo® (@BigDataExpo), DevOps Summit (@DevOpsSummit), @ThingsExpo® (@ThingsExpo), and DXWorldEXPO® (@ExpoDX).

@CloudExpo® and @ThingsExpo® are registered trademarks of CLOUD EXPO INC.

DXWorldEXPO® is a registered trademark of DX WORLD EXPO LLC.

Read the original blog entry...

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Ross Demush is a digital marketing specialist at custom software development company Perfectial, a leading provider of web & mobile development services, specializing in FinTech, Real Estate, Media & Entertainment & eLearning.

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