Since the concept of blockchain was invented as the underlying core data structure of the permissionless/public Bitcoin cryptocurrency network, .. Read more several cryptocurrencies, and associated concepts like tokens and ICOs emerged. After much speculation and hype, significant number of them have become problematic or worthless, even though some countries have embraced them! The public blockchain system Ethereum emerged by generalizing the use of blockchains to manage any kind of asset, be it physical or purely digital, with the introduction of the concept of Smart Contracts. Over the years, numerous myths have developed with respect to the purported utility and the need for permissionless blockchains. The adoption and further adaptation of blockchains and smart contracts for use in the permissioned/private environments is what I consider to be useful and of practical consequence. Hence, only private blockchain systems will be the focus of my talk.
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