While Blockchain technology is worth investigating, CIOs should not be fooled into thinking it is the remedy for all the potential use cases currently under discussion, advises Forrester principal analyst, MARTHA BENNETT.
Stories about digital currencies in general, and Bitcoin in particular, are still filling news feeds. However the industry is now more focused on the underlying technology of the blockchain and the concept of the shared ledger.
This is most clearly evidenced by the raft of startups which have been attracting headlines and investment dollars. A number of established companies are also investing in in-depth research and even proof of concept projects.
Despite what the headlines suggest, all blockchain projects are in the early exploratory phases. It’s not something you can buy and deploy and, what’s easily forgotten in all the euphoria, is that very little has actually been proven yet.
This does not discount the future potential of blockchain technologies. There are many startups with interesting technology approaches and compelling use cases, and some of the world’s best-known technology and consulting firms are working on blockchain projects.
However, it is clear that CIOs should critically assess what their needs are and get a much fuller understanding of their options before jumping on board the blockchain bandwagon.
Many a CIO has asked just how seriously they should be taking blockchain technologies, and when this happens the recommendation is to apply some basic but important reality checks.
At the outset it’s important to define what your understanding is. Like ‘cloud’ or ‘big data’, ‘blockchain’ means different things to different people. It’s important to ascertain what a particular person or company means by the term.
Find out which issues the blockchain technology addresses that aren’t possible to address in any other way and, if it does address these, has this been proven? Similarly, if cost savings are being put forward for using blockchain, has this been proven?
There are many interesting projects in the labs at startups, banks, and consulting firms. Many of these are even functioning prototypes, but it’s already conceded that they won’t scale at enterprise level.
In addition to this, Blockchain is a regulatory quagmire and many development companies fall short by not engaging with regulators before they offer the solution to clients.
Looking past the Bitcoin blockchain and its limitations, one can remain fairly upbeat about some of the alternatives. Ethereum, is of particular interest. With its Turing-complete programming language, it is more suited to complex requirements. But it isn’t the perfect solution either for the types of use cases currently put forward for blockchain solutions in an environment involving trusted parties. Hence the emergence of initiatives such as the Linux Foundation’s Hyperledger Project.
In short, companies should apply a five- to ten-year timeframe and keep asking ‘why?’
Blockchain technology today belongs in the research or innovation lab. For each project, there must be a detailed explanation of why and how blockchain is more efficient, secure, and lower cost than any of the available alternatives, as well as being legally acceptable.
CES: So long, and thanks for all the beer!
Last week, the Las Vegas expo showed off its fun side with state-of-the-art technologies for enjoying beer, writes BRYAN TURNER
From craft beer-making machines to robots that pour beer, CES had more beer than usual in Las Vegas last week. And even free beer if you found the right stand. Stampede’s saloon-style booth offered beer to visitors who tried out its latest drones, virtual reality, and other gaming products. No beer tech, though.
Here are some of the beer technologies that stood out:
LG HomeBrew – Craft beer made at home
LG’s HomeBrew craft beer-making machine, debuted at CES 2019, brings the brewing process home thanks to single-use capsules, a self-cleaning feature, and an algorithm optimised for fermentation.
Like a Nespresso coffee machine, the beer maker uses capsules, which contain malt, yeast, hop oil and flavouring. At the press of a button, LG HomeBrew automates the whole procedure from fermentation and carbonation to ageing. A companion app lets users check HomeBrew’s status at any time during the process, from their handsets.
The beer machine not only offers a simple way to make craft
Designed with discerning beer lovers in mind, HomeBrew allows for in-home production of batches of more than 4 litres of beer in a variety of styles. The following five distinctive, flavoured beers are available now:
- Hoppy American IPA
- Golden American Pale Ale
- Full-bodied English Stout
- Zesty Belgian-style Witbier
- Dry Czech Pilsner
The only catch? It takes about two weeks to make, depending on the beer type.
“LG HomeBrew is the culmination of years of home appliance and water purification technologies that we’ve developed over the decades,” said Dan Song, president of LG Electronics Home Appliance & Air Solutions Company. “Homebrewing has grown at an explosive pace, but there are still many beer lovers who haven’t taken the jump because of the barriers to entry, like complexity, and these are the consumers we think will be attracted to LG HomeBrew.”
Click here to read about the party speaker that holds beer and robots that pour beer.
CES: Alienware gets Legend-ary
At CES in Las Vegas last week, Dell’s Alienware released a family of high-end, thin, light, and affordable machines for both amateur and professional gamers – and a new identity.
Alienware marked CES 2019 as a brand milestone with the debut of a new design identity, Alienware Legend. It aims to set a new bar of excellence for what gamers want most – performance and function. Alienware says it evaluated multiple concepts and chose one that was the biggest and boldest departure from its current look.
Alienware Legend, says the company, stays true to the brand’s core design tenets, taking cues from its deep roots in sci-fi culture and its early industrial designs, to distinguish the brand from the rest of the industry. The new Legend design is optimised with cutting-edge thermal cooling technology to achieve and sustain overclocking power, improved AlienFX lighting, and ultra-thin screen borders. It also unveiled a new “three-knuckle hinge” design that reduces the overall dimension while creating a stronger assembly, all combining to yield a better gaming experience.
“We’re excited to come to this year’s CES with some truly groundbreaking products, next-gen software and strategic partnerships that will bring more people to experience PC gaming and advance the industry,” said Frank Azor, vice president and general manager of Alienware. “The legend design answers the call for more and better from our gaming community, and the new G Series laptops will make PC gaming even more accessible to those looking for high-performance gaming at a cost they can appreciate.”
Click here to read about Alienware Legend in action with the Area-51m and m-series laptops