CES 2018 will be best known for its gadgets, electronics, and applications for the Internet of Things (IoT), but you can expect blockchain technology as well as cryptocurrency to be a major headliner.
Cryptocurrencies such as Ripple and Bitcoin are showing signs of being a full-blown bubble. Grandmothers were asking about cryptocurrency over the holiday break. The Chicago Mercantile Exchange's move to enable trading in Bitcoin futures only made cryptocurrency more mainstream.
The underlying technology of these cryptocurrencies is blockchain, which will have a big enterprise impact for smart contracts, supply chain and security. A blockchain is a single version of the truth made possible by an immutable and secure time-stamped public ledger, copies of which are held by multiple parties.
Blockchain shifts trust in business from an institution or entity to software and makes illiquid assets tradeable, curbs fraud, and enables devices to make transactions.
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At CES 2018, it's a safe bet that blockchain will be used as a term as much as ones like artificial intelligence, autonomous vehicles, and smart devices connected to the IoT. Simply put, blockchain technology may be everywhere.
Indeed, CES 2018 will feature a day devoted to digital payments, currency, and blockchain as well as all the areas the technology will touch.
Judging by the agenda at The Digital Money Forum, blockchain will touch everything from customer relations to augmented reality to artificial intelligence and robotics. Given the blockchain and cryptocurrency hype, rest assured that vendors looking to pitch hardware will mumble about digital monetary systems. After all, the promise of blockchain is that machines will be able to lend money and conduct transactions with no humans required.
Blockchain technology is also likely to be mentioned often by companies expected to benefit from developments such as bitcoin mining. These vendors would include Nvidia, AMD, and cloud providers offering blockchain as a service.
Naturally, crytocurrency and the "game of coins" such as Bitcoin, Ethereum, and Stellar will be a big topic at The Digital Money Forum, but don't take your eye off the ball. Finance is just the first wave of blockchain's impact. It's possible CES 2018 will highlight a few blockchain uses coming in the future.
- How it works: Blockchain explained in 500 words (ZDNet)
- Is blockchain revolutionary or just another infrastructure support technology? (ZDNet)
- Why your next storage solution may depend on blockchain (TechRepublic)
- Blockchain, unblocked: Its implications for enterprise computing (ZDNet)
- Blockchain: Over-hyped bandwagon or truly revolutionary technology? (ZDNet)
- Webcast: Revolutionizing IT with blockchain and cloud computing (TechRepublic)
- IBM, Northern Trust partner on financial security blockchain tech (ZDNet)
- IBM Watson, FDA to use blockchain tech to build secure exchange for health data(TechRepublic)
- Chronicled releases open registry for IoT built on blockchain (TechRepublic)
- Commonwealth Bank and Wells Fargo claim first interbank blockchain trade (ZDNet)
- Microsoft collaborates on blockchain-based ID system (ZDNet)
- The Hyperledger Project is growing like gangbusters (ZDNet)
- Photos: 10 innovative blockchain startups poised to revolutionize business (TechRepublic)
- Microsoft delivers version 1 of 'Bletchley' Azure blockchain as a service middleware(ZDNet)
- Microsoft blockchain-as-a-service gains more momentum with banking partnership
- What Blockchain means to the enterprise [TechRepublic]
- Blockchain: The smart person's guide [TechRepublic]
- Why your next storage solution may depend on blockchain [TechRepublic]
- Why the blockchain belongs on the CXO roadmap [Tech Pro Research]
- IT leader's guide to the blockchain [Tech Pro Research]
- Bitcoin's technology has a surprising fan: IBM [CNET]
- Blockchain shows promise for energy companies
- Denmark considers blockchain a new weapon in the fight for human rights
- IBM, Walmart, JD.com and Tsinghua University eye blockchain for food supply chain safety in China
- Decision time is here for blockchain, but are enterprises ready?