Blockchain Software

Blockchain Software
Image Courtesy:
author: Wikimedia Commons

C O N T E N T S:


  • While some industry groups are working toward standardizing versions of blockchain software, there are also about 200 startups working on their own versions of the distributed ledger technology.(More…)
  • Equal parts marketplace, collaboration platform, and center of excellence, Connect brings together EWF Affiliate energy companies with a pre-qualified network of blockchain software development vendors.(More…)
  • Thanks for applying for the position of Blockchain Software Developer with Paddington Software Services through Dice.(More…)
  • Most blockchain software is a derivative of open source, so unless you wrote the original platform from scratch, you cannot convey the right to the software itself.(More…)


  • In essence, blockchain represents a new paradigm for the way information is shared and tech vendors and companies are rushing to figure out how they can use the distributed ledger technology to save time and admin costs.(More…)
  • Meanwhile R3 developed Corda, its own version of a blockchain (the company prefers the term “distributed ledger technology”), and rapidly added dozens of additional partners.(More…)
  • The company’s head of digital customer service initiatives as well as senior vice president for product and innovation, Gil Perez, explained that the company doesn?t want to commit to anyone underpinning DLT (Distributed Ledger Technology) and wants to remain flexible as the blockchain industry changes and grows.(More…)


Most blockchain software is a derivative of open source, so unless you wrote the original platform from scratch, you cannot convey the right to the software itself. [1]


While some industry groups are working toward standardizing versions of blockchain software, there are also about 200 startups working on their own versions of the distributed ledger technology. [2] Multinational software company SAP has launched a blockchain-as-a-service platform, SAP Leonardo Blockchain, the company reported Wednesday, June 6. [3] Blockchain is poised to change IT in much the same way open-source software did a quarter of a century ago. [2] While it has great potential, blockchain technology is in its infancy and CIOs and their business counterparts should expect setbacks in deploying the technology, including the real possibility of serious bugs in the software used atop blockchain to create business-specific applications – for example, a mobile payments system. [2] Multinational enterprise software giant SAP has launched a cloud platform that is dedicated to helping corporates develop blockchain applications. [4]

Equal parts marketplace, collaboration platform, and center of excellence, Connect brings together EWF Affiliate energy companies with a pre-qualified network of blockchain software development vendors. [5] is allowing developers outside of the company to create and test out different versions of the technology, and the group that launches its software first will go on to represent the prevailing Eos blockchain. [6], a blockchain company that raised a record $4 billion for its initial coin offering for its token Eos, released the first version of its software on June 2. [6] Vranken has spent the past few days combing through the source code of Eos, the software created by the blockchain company [6] Extensible Blockchain Licensing Platform that allows users to buy time-based licenses (tickets, software, etc.) [7] Eos’s developers have taken an unorthodox approach to their software which has caused some delays in the final product’s debut, which will be a blockchain. [6] This promises to unleash the full force of the global software development community on the challenges and opportunities of blockchain for the energy sector. [5] The SAP Cloud Platform Blockchain, which was announced yesterday during the SAPPHIRE NOW event, allows enterprises to build software products using blockchain technology. [8] The release of the final product, a blockchain platform, has been delayed by the startup’s unorthodox roll-out, which allows cryptocurrency enthusiasts outside the company to test out different versions of its software — with the first one to be finished winning out. [6]

Thanks for applying for the position of Blockchain Software Developer with Paddington Software Services through Dice. [9] TIS Inc. (hereafter, “TIS”; headquarters: Shinjuku, Tokyo; President: Toru Kuwano), announces its strategic investment and firmed up business collaboration with world leading enterprise blockchain software firm R3 HOLDCO LLC (hereafter, “R3”, headquarters: NY, U.S. and CEO: David Rutter). [10] The company’s reported struggles come amid questions about R3 and its ability to build a business around its version of blockchain, a type of software that facilitates transactions by creating a secure ledger across multiple computers. [11] This may be why R3 has recently announced partnerships with non-financial companies, including a Sydney-based startup called Bloxian Technology, in an effort to promote its Corda blockchain as a way to build corporate software products. [11] Are you interested in blockchain, Bitcoin, digital currency, or the financial technology industry? Come work with us at Paddington Software Services and help provide software development for one of today’s most exciting industries. [9] The Smart Contract System concept, the underlying software application and software platform (i.e. the Ethereum blockchain), is still in an early development stage and unproven. [12] For added perspective, a smart contract is a piece of software which contains business logic for moving around balances, or changing the key-value-pairs stored on the blockchain. [13] We caution those who wish to use blockchains built on EOSIO to carefully vet the companies and organizations launching blockchains based on EOSIO before disclosing any private keys to their derivative software. [14] ALTR, based in Texas, announced their release of the first commercial software package that will provide huge security benefits of blockchain. [15] There have been multiple security breaches In the blockchain space, and so ALTR has stepped in with the blockchain based security software to put an end to it all. [15] is neither launching nor operating any initial public blockchains based upon the EOSIO software. [14] A prominent figure in the blockchain financial world told Fortune that many developers mistrust R3 because it has allegedly engaged in “open washing,” a term that describes an attempt to portray proprietary software as open source. [11] The EOS blockchain has ground to a halt after an apparent bug in the mainnet software caused the network to pause unexpectedly and indefinitely. [16] R3 is an enterprise software firm working with a network of over 200 financial institutions, regulators, trade associations, professional services firms and technology companies to develop on Corda, its Blockchain platform designed specifically for businesses. [10] R3 is a fast growing U.S. technology firm with a highly innovative software platform, global brand recognition in blockchain technology and successful formation of a global ecosystem of over 200 financial institutions, regulators, trade associations, professional services firms and technology companies. [10]

Most blockchain software is a derivative of open source, so unless you wrote the original platform from scratch, you cannot convey the right to the software itself. [1] The blockchain software protocol groups all individual transactions in blocks, and about every 10 minutes a new block is published to the chain and broadcast to the entire network. [17] Please fill the information below and we will send you a of Blockchain software breakthrough in the security arena for ALTR and a COMPLIMENTARY SUBSCRIPTION to our weekly e-newsletter. [18]

Info-X Software Technology, one of the leading IT logistics company providing software and back office services to clients globally, firmly believes that the Blockchain revolution is a game-changer as smart contracts, encrypted transaction, data, payments, etc will take over the traditional environment. [19] Software companies who agree to allow the secondary market acquisition of those Nano Services Tokens have created a floating model, wherein all the utility tokens that power a blockchain framework can be used regardless of point of acquisition?–?whether directly from the company, or from another 3rd party in an aftermarket transaction. [1]

Back in 2016, I started dissecting the implications of blockchain tokens, software products, and the emerging “cryptoeconomics” brought about by the evolution of decentralized application networks. [1] A software startup can create their blockchain and application stack, and go sell tokens to the open market on that basis. [1] Blockchain users also require a software interface for an online connection to the network. [17] Note that, in order to utilize the proof of elapsed time, the nodes involved must run Intel Software Guard Extension (Intel SGX); because it is not feasible for many users to possess the expertise to incorporate Intel SGX, much of the Blockchain community uses the proof-of-work protocol. [20] It is really difficult to leverage the concept of a license as part of a blockchain tokens construct, because a license conveys rights to use software. [1] The presentations are geared to benefit software developers who are implementing or interested in using Containers/Kubernetes, Blockchain, and/or HyperLedger with one presentation dedicated to each topic. [21] ALTR has just emerged from 4 years of stealth R&D to launch the first commercial software package that unleashes the cybersecurity benefits of the blockchain. [18] The newly launched blockchain service makes SAP the latest software giant to roll out a platform focused at enterprise blockchain application development, following other similar works done by tech giants like IBM, Tencent, Microsoft, and Chinese Baidu. [22] SAP said in the announcement that this blockchain service is being officially rolled out after working with tens of different software companies as a part of its Blockchain Co-Innovation Initiative that trialed the nascent technology in different industries including supply chain, pharmaceuticals, transportation, food, telecommunication, and manufacturing. [22]

About Globalive Technology Inc. Globalive Technology is a next generation software company and venture partner that is developing and investing in innovative solutions to disrupt traditional industries using AI, IoT and blockchain technology. [23] HRIS leaders such as Kronos have already started to work on integrating blockchain technology into their HR software solutions. [24] TORONTO, June 15, 2018 /CNW/ – Globalive Technology (TSX-V: LIVE), an artificial intelligence and blockchain technology commercialization firm and Flexiti Financial (“Flexiti”), a leading private label credit card issuer in Canada, are pleased to announce a joint venture to build and commercialize software utilizing artificial intelligence (“AI”) and blockchain technology. [23] On one hand, one can argue that a utility token represents a license?–?however, since most blockchain applications are based on open source, the rights to the software application itself is pretty distinct from the rights to use computing resources that power the application. [1]

Recently, the company announced plans to collaborate with Accenture, Capgemini and Deloitte to accelerate customer adoption of SAP S/4HANA Cloud in the process manufacturing, discrete manufacturing and service industries.SAP, the market leader in enterprise application software, announced launching a SAP Cloud Platform Blockchain, a service effort that aims to integrate its various products with blockchain capabilities. [25] I’m pleased to announce that we have started on software development for projects on Catholic Blockchain. [26]


In essence, blockchain represents a new paradigm for the way information is shared and tech vendors and companies are rushing to figure out how they can use the distributed ledger technology to save time and admin costs. [2] In the same way that Linux took more than a decade to become a cornerstone in modern application development, Blockchain will take years to become a lower cost, more efficient way to share information between open and private networks. [2] “In order to move anything of value over any kind of blockchain, the network must first agree that that transaction is valid, which means no single entity can go in and say one way or the other whether or not a transaction happened,” Tapscott said. [2] Along the way, blockchain – because of its self-policing security – eliminates huge amounts of record keeping, which can get very confusing when multiple parties are involved in a transaction, according to Saurabh Gupta, vice president of strategy at IT services company Genpact. [2] First and foremost, Blockchain is a public electronic ledger that can be openly shared among disparate users and that creates an unchangeable record of their transactions, each one time-stamped and linked to the previous one. [2] Multiple blockchain users can create contracts that require more than one set of inputs to trigger a transaction. [2]

Last fall, SAP accepted 27 new members from industries including retail, pharmaceuticals, logistics, public services and telecommunication to its blockchain program with the aim to integrate the technology into the Internet of Things, manufacturing, and supply chain solutions. [3] Gil Perez, SAP’s senior vice president for product and innovation as well as head of digital customer service initiatives, explained that SAP will not commit to any one underlying distributed ledger technology in order to be more flexible as the blockchain market changes and grows. [3] It’s financial services technology where blockchain is currently shining brightly. [2] Because it can instantly share data with each organization involved in a blockchain database or ledger, the technology reduces or eliminates the need for reconciliation, confirmation and trade break analysis. [2] As a peer-to-peer network, combined with a distributed time-stamping server, blockchain ledgers can be managed autonomously to exchange information between disparate parties. [2] In July, the open-source developer unveiled Hyperledger Fabric 1.0, a collaboration tool for building blockchain distributed ledger business networks, such as smart contracts. [2] Private blockchains, in contrast, restrict the ability to write to a distributed ledger to one organization, such as a group of employees within a corporation, or between a set number of organizations, such as a number of banks that agree to a network partnership. [2]

This spring, both Microsoft and Amazon announced new advances in their blockchain tech applications, with Microsoft Azure releasing its blockchain app creation service and Amazon launching blockchain frameworks for Ethereum (ETH) and Hyperledger Fabric. [3] In addition to its co-innovation program, SAP has also announced it is forming a blockchain consortium, members of which are entitled to use tech developed by the group. [4] There are also consortium blockchains, where only a pre-selected number of nodes are authorized to use the ledger. [2] Blockchains are being put to a wide variety of uses in several industries. (Most recently it’s been touted as a way to exchange carbon credits.) [2] Blockchain is a foundational technology, with the potential to create new foundations for economic and social systems, Lakhani said in The Truth About Blockchain, which he co-authored. [2] In simple terms, blockchain isn’t going to replace the corporate relational database, but it will create a new paradigm for transactional data within (and outside of) global enterprises. [2]

At a high level, blockchain removes third parties from the transaction equation; in other words, a financial transaction on a blockchain needs no bank or government backer, and that means no fees. [2] The blockchain contains a true and verifiable record of each and every transaction ever made in the system. [2] “Blockchain and distributed ledgers may eventually be the method for integrating the entire commercial world’s record keeping,” Gupta said. [2]

Each participant in the shipping supply chain can view the progress of goods through the blockchain ledger, understanding where a container is in transit. [2]

The platform is designed to let corporate customers build applications and networks using blockchain technology. [3] Announced during an SAP event Wednesday, the cloud-based solution aims to provide enterprises with a framework to build business applications on top of blockchain systems such as Hyperledger Fabric, the blockchain platform launched by the Linux Foundation, of which SAP is also a contributor. [4] SAP’s official announcement notes that the new blockchain service will support Hyperledger Fabric and MultiChain, and will be built on top of SAP’s SAP HANA data management system. [3]

The work marks SAP as the latest tech giant that has rolled out a platform for blockchain application development, following similar works done by Microsoft, IBM and China’s Baidu and Tencent. [4] Other forms of cryptocurrency or virtual money, such as Ether (based on the Ethereum blockchain application platform ), have also sprung up and have opened new venues for cross-border monetary exchanges. [2] In another example, one of the most prevalent blockchain platforms, Ethereum, doesn’t support the use of decimal points in its script for smart (self executing) contracts. [2] Blockchain networks can be used for “smart contracts,” or scripts that automatically execute when certain conditions are met. [2]

Those coding a blockchain network would need to create a workaround. [2]

The company said in the announcement that the work is being formally rolled out after it has worked with 65 companies within its Blockchain Co-Innovation Initiative that trialed blockchain applications in various industries such as supply chain, manufacturing, transportation, food and pharmaceuticals. [4]

Supply chain has been a hot spot for blockchain use, with many companies currently testing applications. [8] In January shipping giant Maersk announced the creation of a new company with IBM. The jewelry industry has been another early adopter, with the Gemological Institute of America (GIA) and Chinese retailer the Chow Tai Fook Jewelry Group recently launching a blockchain supply chain system that also uses IBM’s tech. [8]

With blockchain, your business process network creates transactions using a distributed, permissioned, immutable ledger. [27] Blockchain creates a shared system of record among business network members, eliminating the need to reconcile disparate ledgers. [27]

Stratis is a powerful and flexible Blockchain Development Platform designed for the needs of real world enterprise and financial services. [28] BigchainDB allows developers and enterprise to deploy blockchain proof-of-concepts, platforms and applications with a scalable blockchain database. [28] By partnering with some of the most exciting projects in the blockchain space, such as AI innovation marketplace SingularityNet, decentralized payment processing platform Request Network and open banking platform ORCA, FundRequest says it is giving seasoned developers looking to break into blockchain the chance to directly contribute to projects they care about. [29] FIC Network (ICO): Fixed Income on the Blockchain FIC Network is an institutionally-focused blockchain-based platform that will enable users to list, buy, and sell any type of crypto- or fiat-denominated fixed income financial instrument. [30]

NuCypher is a security and encryption platform for distributed systems, including blockchain, big data, cloud, and internet of things. [28] TIBCO has the experts, knowledge, and experience to help you determine the places to apply a blockchain to get the most out of any blockchain solution.TIBCO can help you assess use cases and associated value and then establish a solution to securely exchange transactions, automate business processes via smart contracts, and monitor and analyze the data. [28] Many energy-sector incumbents generally understand the relevance of blockchain for their business and have a desire to dive deeper into the technology and even explore use cases and app development, but often lack the internal expertise and/or resource capacity. [5] Blockchain Help, since its inception, has been providing cutting-edge technology solutions and in-depth domain expertise in bitcoins, blockchain development, ICO launches and cryptocurrency development. [28] IBM Services and SAP introduce plans to develop a new blockchain solution to help oil and gas companies streamline joint venture accounting. [31] Learn how SAP Leonardo’s systematic approach to digital innovation can help you build state-of-the art applications with blockchain capabilities. [31] The moves by SAP echo those of other technology giants who have released blockchain products targeting the enterprise market. [8] At SAP, our approach to blockchain focuses on more than just the technology. [31]

Blockchain News is your source for the latest news and opinion on Blockchain and Distributed Ledger technology and intelligence. [30] Simplify complex multi-party processes and create trust among participants – with blockchain and distributed ledger solutions from SAP. [31] Its solution, to actively reward community contributions, operates by users creating project requests, allocated smart contracts on the Ethereum blockchain and the developer proposing the best solution receives a transfer of funds. [29] Incentivizing open source development, FundRequest is a new blockchain powered marketplace integrated with GitHub, allowing developers to be rewarded for directly solving open source project issues. [29] Blockchain projects who fund issues for their development also have the option to pay users in their native cryptocurrency. [29] BuxUp is a company that specializes in blockchain and artificial intelligence development, payment solutions, web and app development, digital marketing and advertisement, e-commerce, payment solutions and business consultancy. [28] Scala Blockchain specializes in custom blockchain solution development with Scala. [28] “We look forward to being the bridge for these two groups and accelerating the development of open source and blockchain technologies.” [29]

This service allows users to view, manage, and run analytics on transactional enterprise data, whether it is stored in core systems or on a blockchain. [8] Blockchain helps build more efficient, enterprise business models. [27] Blockchain for business provides a way to execute many more of these transactions — a much better way. [27] Blockchain is a shared, immutable ledger for recording the history of transactions. [28]

Combining your company’s digital core with a vibrant and active business network is key to blockchain success. [31] Discover how clients use IBM Blockchain now, to transform their business. [27] Accenture and German logistics firm DHL said they were working on a pharma supply project that uses blockchain. [8] The company, which is backed by veteran blockchain project founder Dan Larimer, has promised to deliver a powerful system for decentralized apps that might someday dethrone the highly successful blockchain project ethereum. [6] The company also announced a new industry consortium based around blockchain. [8] Blockchain based application with potential to provide a new micro-payment system for Dish TV Ecosystem. [7] PharmaTrust is an audit log of medicines, based on blockchain, from companies that you can trust. [7]

The new system works with open blockchain standards Hyperledger Fabric and MultiChain and in the future SAP plans to implement other standards. [8] What’s your take? Do you think enterprise blockchain work is only just beginning? Let us know where you stand in the comments below. [8] Blockchain enables businesses to rethink the way they work. [27]

Eliminate the need for a large upfront capital investment and fast-track blockchain implementation across your business. [31] Mastercard Blockchain facilitates new commerce opportunities for the digital transfer of value by allowing businesses and financial institutions to transact on a distributed ledger. [28] Hyperledger is a collaborative effort created to advance blockchain technology by identifying and addressing important features for a cross-industry open standard for distributed ledgers that can transform the way business transactions are conducted globally. [28] SAP is a premier member of the Linux Foundation’s Hyperledger project – a collaborative cross-industry effort to advance open blockchain technology for business. [31] The blockchain consortium announced by SAP includes six other firms, including A3 by Airbus SE, Intel, HP Enterprise and UPS. SAP had previously started a co-innovation program that includes more than 65 companies working to build specific use cases for blockchain technology in multiple industries. [8]

Blockchain technology was first utilized for financial transactions, but can be applied to a variety of industries such as e-commerce, supply chain management, and data integration. [28] Bitcoin uses blockchain technology as its transaction ledger. [27] Blockchain technology is a decentralized solution to tracking, documenting, and facilitating transactions. [28] A solution for product counterfeiting and authenticity verification using Blockchain technology. [7] Earlier this month, Oracle unveiled a new “platform-as-a-service” that uses blockchain technology, joining IBM, Microsoft, Amazon and Accenture in offering blockchain-focused products. [8]

According to ALTR, its platform is built on the “ALTRchain,” the only high-performance, enterprise-grade blockchain technology for ultra-secure data access and storage. [30] Connect your external blockchain networks to SAP HANA, a powerful in-memory data platform. [31] Through a joint project, Deutsche Telekom, Camelot ITLab, and SAP are building a blockchain network to prevent cell phones from being stolen. [31]

Chain is an infrastructure technology company that enables its partners to issue and transfer financial assets on permissioned blockchain networks. [28] Microsoft told The Information in February that they have financial firms in the UK looking at testing their Azure platform with blockchain applications for the settlement of financial trades. [8] “Projects and companies can tap into a pool of passionate open source and blockchain developers through our platform,: said Karel Striegel, Co-Founder and CEO of FundRequest in a statement. [29] To date, public Ethereum has been one of the most popular platforms for blockchain developers. [5] EWF’s blockchain (though customized and fully separate from traditional public Ethereum) is based on Ethereum, in order to make it accessible to most blockchain developers. [5]

This blockchain solution can help turn any developer into a blockchain developer. [27] MultiChain is a open source blockchain platform which helps organizations to build and deploy blockchain applications with speed. [28] BlockApps mission is to restore to digital transactions, the reliability and efficiency of face-to-face interactions through secure and connected information.It’s a Blockchain platform for rapid development, deployment and management of enterprise blockchain applications. [28] Rubix is an industry leading blockchain application development team, focusing on interoperability, scalability, performance and security. [28]

Accessed through our cloud platform blockchain application enablement, this service (planned soon for release) offers cutting-edge analytical and developmental capabilities for working with blockchain data. [31] Announced was the HANA Blockchain service, which is part of SAP’s HANA Data Management Suite. [8]

The quick-start guide for developers explains how to build a kick-starter blockchain network and start coding with the IBM Blockchain Platform Starter Plan. [27] For a more detailed look at how a blockchain network operates and how you can use it, read the Introduction to distributed ledgers. [27] Oracle Blockchain is a comprehensive distributed ledger cloud platform to provision blockchain networks and deploys & runs smart contracts to update and query the ledger. [28]

German software company SAP is launching a new blockchain-as-a-service platform aimed at the enterprise market. [8] ALTR is led by CEO David Sikora, a software industry veteran and former executive chairman at Stratfor, developer of the world’s leading geopolitical intelligence platform. [30] Naturally, software and application developers have a central role to play in this unfolding story. [5] Undoubtedly, software and application developers are arguably more central to the story than ever before. [5] These software solutions provide the framework to create applications that rely on any kind of transaction. [28]

The Texas-based ALTR announced on Wednesday that it has released the first commercial software package that “unleashes the security benefits of blockchain.” [30] It not only benefits those looking for software fixes but also developers looking to contribute to projects they support. [29] Coding for Ethereum requires knowledge of Solidity, which still leaves out many software and app developers. [5] Ethereum, Ripple, and Stellar have all paid Vranken for his work exposing vulnerabilities in their software, he said. [6]

Meanwhile R3 developed Corda, its own version of a blockchain (the company prefers the term “distributed ledger technology”), and rapidly added dozens of additional partners. [11] The decentralized blockchain distributed ledger cryptocurrency technology and applications are starting to gain. [15] The company also announced a new blockchain product that enables its customers to structure, validate, and test their smart contract interaction with permissioned blockchain distributed ledgers. [32] The new blockchain product, FlowLogix Smart Contracts, employs visual logic and workflow design, along with built-in simulation testing, to help designers and business process owners “get it right the first time,” the company says. [32] With the new product users can build logic, data mapping, formatting, business triggers and API’s to blockchain frameworks and automated communication mechanisms. [32] At 10:57 UTC, standby block producers turned off their nodes and backed up blockchain data to help ensure that no network history would be lost. [16] While block producers have been taking great pains to keep users in the loop about the state of the network, the fact that the blockchain is currently being debugged over a conference call has highlighted why many critics have argued that EOS is not a sufficiently-decentralized cryptocurrency. [16] Traditionally, blockchain contracts were inalterable, and users put their trust in the veracity of contract code. [13] Many new smart-contract analysis tools do not need source code and can be used to scan the entire public blockchain for potentially vulnerable contracts. [13] Blockchain based companies are simply in dire need of funding and support to survive the murky water of a new emerging industry. [33] He chose “change?, and the result was the release of the Blockchain Based Security described herein. [15] Given this inflexibility, we must adopt a more forward-looking approach to security and develop tools and best practices for eliminating bugs before they make their way into the blockchain. [13]

The product will be used by its customers to support standards being developed by the Blockchain in Transport Alliance (BiTA) for smart contract-driven distributed ledgers. [32] The company’s initial strategy involved an invitation-only version of blockchain that would let financial institutions carry out transactions in a faster and more secure fashion. [11] According to Cooper, enterprise blockchain sales represent an enormous new opportunity that R3 is poised to be first to capture. [11] Depending upon your use case, EOSIO can be configured to use one of two different Web Assembly engines, Binaryen and WAVM. A single EOSIO blockchain can support up to 1,000 TPS and future versions of EOSIO will provide the tools necessary to simplify inter-blockchain communication, allowing your business to scale horizontally. [14] Work will entail creating new blockchains for customers, maintaining existing blockchain projects, working on “light” wallets designed for mobile devices, and adding new protocols and features to projects. [9] It allows TIS members access to the work R3 does across the whole of financial services in blockchain technology. [10] For nontrivial applications deployed on blockchain technology, organizations need a threat modeling process to systematically identify all components of the system, potential threat actors, and controls provided by the platform. [13] Blockchain technology allows new forms of interaction and it is possible that certain jurisdictions will apply existing regulations on, or introduce new regulations addressing, blockchain technology based applications, which may be contrary to the current setup of the Smart Contract System and which may, inter alia, result in substantial modifications of the Smart Contract System, including its termination and the loss of STX Tokens. [12] Unlike the technological advancements that came before it, Blockchain technology is the first of its kind software-based technology that is not only less hardware intensive but also completely open to editing and altering. [33] For instance, in the same way the smartphones were initially dismissed for their small screens that traded against the convenience of using a PC, blockchain technology is currently on trial for trading against scalability, interoperability, and speed with decentralization. [33]

The partnership is aimed at speeding up the global development and adoption of blockchain applications by leveraging the strengths & maturity of the Corda platform and taking advantage of TIS strong group presence in the region and its sound customer base in financial, banking, payment & manufacturing industries. [10] R3, a startup that last year announced it had raised $107 million to bring blockchain services to the financial sector, is floundering and could be out of money by early next year, according to two former employees of the company. [11]

In this competition to create a blockchain platform for companies, skeptics say R3 has its work cut out for it. [11] These institutions work with R3 to develop on Corda, the world’s only enterprise blockchain platform designed from the ground up for businesses operating in complex and highly-regulated markets. [10]

A lack of developers can be fatal to software projects because it can result in a dearth of applications, and create doubt among customers about its staying power. [11] A big reason, they say, is because the company has been unable to attract a critical mass of developers to build out its Corda software. [11] This software enables businesses to rapidly build and deploy high-performance and high-security blockchain-based applications. [14]

R3’s challenge is harder still because banks typically do not have a hands-on role in software development, and are not structured to make rapid collective decisions on new technology. [11] Though blockchain-native software is in its infancy, the technology races forward to meet more and more use cases. [13]

Highly distributed and trustless systems introduce entirely new threats and require new ways of reasoning about software flaws. [13] Although using the word impossible could be risky, ALTR has determined that this high-level software is virtually impenetrable thus keeping critical information secure. [15]

The company’s head of digital customer service initiatives as well as senior vice president for product and innovation, Gil Perez, explained that the company doesn?t want to commit to anyone underpinning DLT (Distributed Ledger Technology) and wants to remain flexible as the blockchain industry changes and grows. [22] Once the membership has been fulfilled by getting someone through the front door, individual computing services provided by the blockchain protocol are ultimately activated across a distributed computing network through the incremental use of the core token. [1] When those Nano Services Tokens are floating and can be acquired to use within the application network, holders of those tokens have the ability to pay for incremental usage of whatever features the blockchain foundational layer, as well as higher order application layers offer. [1]

He can, however, use a special blockchain developed for accounting, such as Balanc3 by ConsenSys or Libra Enterprise Platform, where double-entry accounting becomes a triple-entry ledger due to the participation of the blockchain in every accounting transaction. [20] Instead of recording all account and transaction data through one central server location, the blockchain requires users to maintain a full copy of the ledger on their computer, Stern said. [17] In the next five years, the authors predict that the blockchain landscape will evolve significantly as a means of providing data integrity, security, and history, and that several professions will realize significant efficiencies with contract and transaction validations. [20] First and only high-performance, enterprise-ready blockchain for data security. [18] Data Security: Blockchain offers the most secure system for maintaining and sharing critical and sensitive data. [17] “Blockchain technology enables us to implement use cases where the data can be as simple (e.g. cryptocurrency) or as complex (e.g. bill of lading documents) as we desire,” said Everett Stern, founder and intelligence director of Philadelphia-based Tactical Rabbit Tactical Rabbit. [17] While no technology is as security-hardened as blockchain, its original application to cryptocurrencies does not require the flexibility, privacy and performance needed to secure critical corporate information. [18] The official announcement by SAP notes that the cloud-based solution will provide corporate with a framework to build their business applications on top of blockchain systems like MultiChain and Hyperledger Fabric. [22] Private blockchains offer business applications more suited for CPAs. [20] Of course, the debate over the contextual use of a blockchain token rages on between private industry and regulators, especially in jurisdictions where there’s no taxonomy to define the applied use of a token in terms of currency vs. application utility vs. security vs. commodity. [1] Multichain is an open source off-the-shelf platform for the creation and use of private blockchains, internally or shared across permissioned organizations. [20] The basic smart contract process begins by accessing the Ethereum platform, which is the gateway to accessing cryptoassets built on blockchain in addition to writing, enacting, and using smart contracts. [20] Microsoft Excel, various enterprise resource planning (ERP) platforms, and the digitization of accounting information and processes have been used in accounting for years; blockchain is simply the next tool to be incorporated into the profession’s toolbox. [20] SAP Leonardo Blockchain, a blockchain-as-a-service platform, was launched on Wednesday, June 6, at an SAP event. [22] To date, no blockchain has been breached or hacked, although several cryptocurrency platforms have suffered breaches, reinforcing the importance of robust password security and protocols. [20] A helpful analogy may be to think of blockchain as a gigantic Google document accessible to network members, with some members granted different levels of access, and augmented with cryptography and other security tools to protect and secure information. [20] That said, to date no blockchain has been hacked, and if private blockchains are implemented, different clients can store information with their CPAs on individual private networks, which would prevent any accidental disclosure of confidential information. [20] Exhibit 2 provides a basic illustration of how a private blockchain could be constructed and set up, with the organizer having access to both invitees’ information and granting the CPA access to relevant data from the invited organizations. [20] It is designed to eliminate threats to data through core approaches in private blockchain, in-line data techniques, real-time alerting and reporting for business enablement. [18] Depending on what functionality the organizer wants to establish, the types of information stored and disseminated via the blockchain, and what levels of access different stakeholders require, private blockchains appear to be the most logical and business friendly option for organizations. [20] A proof-of-stake protocol uses a lottery system to decide which nodes (i.e., permissioned members of the blockchain) will approve the transactions and information in question. [20] Ethereum uses the concept of gas to pay for any transaction, which is ultimately how miners supporting the blockchain are compensated for their hashing power to maintain the chain. [1] With blockchain, however, a closing balance does not exist, and calculating the final balance of XYZ’s account means going backward through the general ledger from the most recent block to the very first transaction. [20] Blockchain is technology that was originally developed as a ledger for cryptocurrency. [24] What is blockchain? How does it work? What are its implications for the accounting profession? The author attempts to answer these and other questions, providing an entry point for interested professionals and demonstrating how this new technology could change the face of accounting and auditing in coming years. [20] The use of blockchain in recruitment could help to minimize falsification in work history reporting. [24] Many HR professionals predict that blockchain stands poised to be the next big transformation for HR. Finding a HRIS that is already set up to work well with blockchain can help get your organization ready for this change. [24] With blockchain, every block of information that’s added to a person’s work history must be validated by the other party (i.e. the school or employer). [24] Blockchain over the past few years has dramatically transformed the way in which data or information is stored or used. [34] For all of these reasons, blockchain has made data secure and trustworthy in a way humans are not. [17] You can seriously improve the power of your Blockchain solution by assimilating Artificial Intelligence, Machine Learning, Internet of Things (IoT), Data Analytics, Containers, Cognitive Services, cloud, Bots, and Biometrics. [34] This solution is built on a re-engineered and patented model that disassembles data and “breadcrumbs” it into an un-editable blockchain, and then reassembles it in the last mile. [18] As blocks of data are verified and added onto the blockchain, they are confirmed and verified on a continuous basis by network members. [20] Note, however, that both parties in a business relationship would have to both implement blockchain and be a part of the same network after implementation. [20] A small firm or business may start using Factom to immutably record a contract and its timestamp, while larger firms and their clients could undergo months of discussion and risk analysis before using blockchain, and even then on a pilot basis. [20] For any business looking to jump on the blockchain bandwagon, it is important to first understand its current use. [17] Given that the business world comprises many different sectors and entities with different feasibilities for blockchain use, blockchain could become more noticeable in some industries (e.g., banking, real estate, construction, government, mining, insurance, supply chain) during the next year. [20] Innovations in blockchain are occurring daily based on perceived business/social needs. Many businesses are studying its potential, with some sectors implementing it on a case-by-case basis (e.g., banking, mining, supply chain applications). [20] Tracking performance using blockchain can assist with optimizing performance management and merit based raise systems. [24] If Steve switches to using a private blockchain for each client, wherein all the third parties are permissioned participants, he will spend perhaps one or two hours a week performing verifications, as the 20 blockchains are autonomously enforcing the predetermined requirements of the payroll process as “smart contracts.” [20] How does blockchain apply to real world auditing and accounting practice? Consider the hypothetical example of Top Dollar CPA, a midsize accounting firm that has set up a private blockchain organized by the firm, with its largest 20 audit clients as members of the network. [20] Private blockchains place restrictions on who can join the network, and examples of private blockchains can already be found in the marketplace. [20] A core functionality of blockchain is that every member of the network can audit the blockchain and is thus aware of the terms, conditions, information, and agreements between counterparties. [20] Since blockchain automatically creates a running log of information, it is a common sense solution for 360 degree performance tracking. [24] Instead of manually confirming outstanding receivables, which can add days to the audit process and create a mountain of emails and other information that can get lost in the shuffle, blockchain enables this process to be done on a nearly instantaneous basis. [20] Nakamoto designed blockchain to solve the problem of duplicate spending in cybercurrencies, to enable exchanges in a low-trust environment without a third party, to create a distributed ledger of transactions that is robust against failure, and to provide an immutable audit trail. [20] In the blockchain, each user or “node” possesses a complete record of the entire blockchain, and each transaction must be approved by a majority or a consensus of the users. [20] How does a blockchain keep transactions secure and the system in balance and healthy? The best way to discuss this question is to dig into the technical specifics of building an actual blockchain with code. [21] The blockchain has paved the way when it comes to financial services. [34] The mission to build a new security architecture is what led ALTR to blockchain, and not the other way around. [18] Legitimate, and in particular, large, multinational companies, even financial institutions, are excited about the power of blockchain rather than cryptocurrencies, because of the security the database provides. [17] Traditional accounting and assurance services for public companies may be a bit slower to adopt blockchain due to latencies of size, regulations, and bureaucracy. [20] It may be smaller firms that encounter blockchain use by their clients or that may be requested to provide blockchain-assisted accounting services, since small-to-medium-sized businesses that are not publicly listed are generally more flexible and able to adopt new technologies with greater agility. [20] When there isn’t such benefit, it doesn’t make much sense to use a blockchain (stand?alone cryptography is the solution to your problem). [17] It claims to resolve the key issues — privacy and control–hindering the use of blockchain by financial and other sector institutions. [20]

The blockchain user interface in question automatically downloads a full ledger copy for each user. [17] Most users of Balanc3 to date are firms in the blockchain/cyber-currency space and not companies that have converted to blockchain from traditional accounting formats, but Shear expects this to change once accountants and auditors start working with blockchain events as part of an assurance process. [20] These breaches have predominantly occurred at the end user level of public blockchains, where individuals have not maintained best security practices. [20] Cryptocurrencies are traded on public blockchains, which secures them, but other associated information may be stored behind regular security protocols. [20] Hacking a blockchain is still, fortunately, a theoretical possibility, but as with cloud-based data storage, it is also good to secure information as tightly and proactively as possible. [20] ALTR has overcome this by optimizing core approaches in private blockchain and in-line data techniques. [18] An additional benefit, from the perspective of the accounting profession, is that private blockchains allow different levels of access and editing to different users. [20] Regardless of whether a CPA works in public practice, private industry, or academia, being able to understand, utilize, and implement blockchain will be increasingly essential. [20] Before this can occur, CPAs need to understand the differences between the public blockchain and the private blockchain. [20]

The blockchain, he said, in its simplest form is a database, like Microsoft Excel, but its attributes make it a superior product that eventually nearly all business models can take advantage of. [17] Rather than patching the existing attack surface, ALTR has found a way to reduce it to potentially zero using blockchain. [18] Since it’s not necessary to store employees? bank account numbers and information, using blockchain for payroll may also be more secure. [24]

The joint venture will also build blockchain infrastructure for loan funding, merchant supply chain management, and loyalty programs. [23]

Any business that issues vital records, contracts, and tax records can use blockchain technology and the trust of well-established cryptography standards for data protection and security. [20] The new ALTR platform is built on ALTRchain, the only high-performance, enterprise-grade blockchain technology for ultra-secure data access and storage. [18] The first step in offering blockchain-enabled accounting and advisory services is the ability to actually download and use blockchain technology. [20] ALTR is the first company to commercialize blockchain technology for enterprise data-security. [18] The company forms partnerships with leading high growth companies to co-develop artificial intelligence and blockchain technology stacks. [23]

In addition to products currently produced by IBM and others, several other large corporations are already experimenting and using blockchain technology to improve supply chain performance, information, and reporting, including FedEx, Maersk, Wal-Mart, UPS, and British Airways. [20] With the ability to allow digital information to be distributed but not copied, blockchain technology is expected to transform the functioning of multiple sectors and domains. [19] Setting up a private blockchain network not only allows information to be distributed in real time, but since consensus protocols are established in advance, CPAs can more consistently rely on the information generated by system reports. [20] Knowing how to set up different blockchain networks and platforms is an excellent skill to have, but the real value that CPAs can deliver is to bring businesses blockchain-enabled accounting, attest, and advisory services. [20] Ethereum is a decentralized open source platform where interested parties may customize blockchain applications for smart contracts, or agreements that run exactly as programmed, without downtime, censorship, errors, fraud, or third-party oversight and intermediation. [20] Hyperledger is an open source blockchain platform, complete with a graphic user interface (GUI) that makes using, experimenting, and building blockchain models possible for users even without technical expertise. [20] Multichain, an open source private blockchain platform that can be used by many different businesses for different purposes ( ). [20]

A smart contract is, in essence, a series of “if, then” statements and agreements that have been agreed to by all parties involved; thus, embedding this information on a blockchain platform is not far-fetched. [20]

Needless to say that with the smart contracts, EDI communication, escrow account, lower transaction costs and speedy process with security and trust, there is a win-win situation for freight forwarders, NVOCCs and logistics software organizations like Info-X Software Technology. [19] Once this platform is operational at scale, Globalive Technology intends to license the technology to other fintech companies through a transaction-based software licensing model. [23] We are a software solutions company with focus on providing custom and personalized technology solutions. [34] There are many providers of logistics software, but Info-X Software Technology is the only one that combines years of industry experience, a modern suite of ready-to-deploy and custom-built solutions, and a knowledgeable team of domain experts ready to assist the logistics industry. [19] Maybe about a year ago, I penned a blog post called ” Software Economics and the Advent of Tokenized Utility Application Network Solutions “, which wasn?t one of my more popular publications (go figure, it’s pretty thick). [1] Software multinational enterprise SAP has announced the launch of its cloud platform aimed at helping corporates develop their blockchain-based applications and networks. [22]

There are still legal discussions around how these Floating Nano Services Tokens get sold?–?but it is a compelling argument that even pre-selling a services contract for a software application that hasn?t been built yet doesn?t necessarily constitute a “security”. [1] If the token activates features within a functional software application, then it takes on the form of a nano services contract. [1] For software companies who are careful to not promise value growth of their application token, and can document the token with the requisite services language, the path appears to be clear with historical precedent rooted in software licensing and services agreement language tested by courts around the world. [1] As such, software companies are resistant to the notion of secondary market license sales, instead arguing that each person must have a new license to use the product under the original license agreement. [1] When someone uses Rational products, the tokens are pulled from the license pool to activate the software. [1] I was just connecting some mental dots between things I knew about capital, software, data, launching software products, and ultimately?–?licensing. [1] Currently he spends at least one day a week using ADP software and client-provided data to generate the payments; he must verify hours, salaries, various withholdings, and any special payments for the employees. [20] Important factors that could cause actual results to differ materially from Globalive’s expectations include software not functioning as expected, competitors in the space, third parties not using the software or licensing the technology as expected, economic conditions making the technology or licenses not as attractive as expected and other risks as set out in the Filing Statement filed by Globalive on May 29, 2018 and available on its SEDAR page at [23] Since 2001, Info-X Software Technology has helped freight forwarders, NVOCCs and other OTI (Ocean Transportation Intermediaries) in the United States and Europe with the tools and talent to help them rise above their competition. [19] “Building and operationalizing industry-leading software will strengthen our competitive advantage and further differentiate us in the marketplace with AI-driven solutions that help our merchant partners drive more and larger sales.” [23] From the boardroom all the way down to individual employees, ALTR claims its software platform is a solution for a new data-accountability era. [18]

The software will allow merchants to create value-added transactions at the point-of-sale and reduce bad debt by predicting loan outcomes using machine learning. [23] This expanding attack environment represents a mixture of temptations and economic incentives that reward bad actors who are always one step ahead of security providers, trapping them in a losing cycle of software patches, new applications and overwhelming complexity. [18] “Over the years, Bitcoin users have made significant advances in the network software. [17] Founder CEO of 10XTS. Developing enterprise software and information architecture since 1979. [1]

Because all members of the blockchain network have access to the data uploaded and verified by fellow members in real time, the need for periodic reconciliations is greatly diminished. [20] Few of the most famous blockchain platform encompass; Symbiont Assembly, Stellar, Quorum, Openchain, Multichain, Hyperledger Sawtooth Lake, Hyperledger Iroha, Hyperledger Fabric, HydraChain, Ethereum, Eris: DB, Elements Blockchain Platform, Domus Tower Blockchain, Credits, Corda, Chain Core, and BigChainDB. 4. [34] The speed of blockchain acceptance for accounting and auditing is contingent on several key events: when an audit firm successfully audits a blockchain and passes PCAOB inspection, when businesses demonstrate successful use cases, when blockchain developers build more user-friendly interfaces, and when blockchain-secured evidence is accepted in a court of law. [20]

RANKED SELECTED SOURCES(34 source documents arranged by frequency of occurrence in the above report)

1. (49) Blockchain Basics and Hands-on Guidance – The CPA Journal

2. (26) What is blockchain? The most disruptive tech in decades | Computerworld

3. (19) Blockchain Application Tokens and Software Nano Services | 10XTS

4. (18) Best Blockchain Platforms Software in 2018 | G2 Crowd

5. (14) Software Firm SAP Announces New Blockchain Offering

6. (13) Blockchain software breakthrough in the security arena for ALTR – IBS Intelligence

7. (12) What Is Blockchain and What Does It Do?

8. (11) Blockchain Firm R3 Is Running Out of Money, Sources Say | Fortune

9. (10) What is blockchain? – IBM Blockchain

10. (10) SAP Blockchain Applications and Services

11. (8) Globalive Technology and Flexiti Financial Form Joint Venture to Create Artificial Intelligence and Blockchain Software for Consumer Loans Market

12. (8) Blockchain: Coming Soon to Your HRIS – HRIS Payroll Software

13. (8) How software developers will write the future of energy through blockchain – SD Times

14. (7) OPINION | How can blockchain applications adapt and adopt software security best practices? Upgrade Magazine

15. (7) FundRequest Platform Rewards Open Source Software Fixes – Blockchain News

16. (7) pays hacker $120,000 to expose flaws in Eos source code ahead of blockchain launch – Business Insider

17. (6) Blog Archive TIS invests in world leading enterprise Blockchain software firm R3

18. (6) Software Giant SAP Rolls Out Blockchain Service Platform

19. (6) Software Multinational SAP Announces Launch of Cloud Blockchain Platform

20. (5) ALTR Announces ALTRchain: Blockchain Data & Storage Security Software

21. (5) Info-X Software Technology joins BiTA — FreightWaves

22. (5) ALTR Releases Blockchain-Based Security Software – Blockchain News

23. (5) 8 Steps To Begin With Blockchain Software Development – IQVIS Inc.

24. (5) Software Giant SAP Launches Blockchain-as-a-Service Platform – CoinDesk

25. (4) EOSIO 1.0 Release |

26. (4) McLeod Software adds feature for smart contracts

27. (4) Blockchain software gallery | Devpost

28. (3) Breaking: EOS Blockchain Grinds to Halt as Bug Freezes Transactions

29. (3) a16z Crypto Fund: Building a Foundation for Decades of Blockchain and Software Revolutions – Bitrazzi

30. (3) Blockchain Software Developer – Paddington Software Services – Salt Lake City, UT – 06-12-2018 |

31. (2) Stox – The Blockchain Prediction Markets Platform

32. (2) Educational Series Announced: Kubernetes, Blockchain, and HyperLedger | Keyhole Software

33. (1) Leading Software Manufacturer SAP is Launching Blockchain-as-a-Service Platform – CoinSpeaker

34. (1) Software Development for Catholic Blockchain – Catholic Blockchain