Building the killer blockchain app

With any new technology platform there is often a scramble to find the one killer app that drives adoption to the mainstream and blockchain is no different. 

New research from Morgan Stanley estimates blockchain can cut between $15-20  billion (USD) in costs from the global financial market. However the distributed database technology has potential uses far beyond financial services and ConsenSys, a decentralized application and tool venture production studio, are on a mission to find and as many of them as possible.

Initially founded as a hub for building decentralized applications, mostly on Ethereum, ConsenSys now also offers consultancy services, often to multi-national enterprises who have woken up to the potential of blockchain technology.

Last year ConsenSys announced a partnership with Microsoft to integrate some of their tools into Visual Studio, Microsoft’s developer toolbox.

“Focusing on financial services we saw a lot of potential for a framework and platform like Ethereum to go across the platform of financial institutions and modernize a lot of processes that were stuck in the past,” said Marley Gray, Director of Technology Strategy, US Financial Services at Microsoft. “We thought that Ethereum was a really good platform for building distributed ledger applications.”

We recently spoke to Joseph Lubin, founder of ConsenSys and co-founder of Ethereum to find out more about the company and their vision for blockchain technology. Listen below.


Follow Joseph and ConsenSys on Twitter or visit consensys.net for the more.

We’re proud to support Consensus 2016

Building the killer blockchain app TechNative

 

Tags : BlockchainConsenSysFinTechRise of Blockchain
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