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Will Comcast Take Over Your Blockchain?

10/10/2018 6:48pm

ADVFN Crypto NewsWire

Bitcoin Global News (BGN)

October 10, 2018 -- ADVFN Crypto NewsWire -- Comcast has its hands in just about everything technologically related in our lives, from our televisions, to our internet, to the stations that provide the shows that we love to watch.

 As if this was not enough, they are now moving into the Blockchain space. As of today, it was announced a Blockchain startup called Citizens Reserve is partnering with another Blockchain startup called Blockdaemon in order to work on making it easier to create Blockchain network nodes.

Wait, that does not mention Comcast at all.

 In fact, it does, albeit indirectly. Comcast has already thrown its weight behind Blockdaemon to the tune of $3.3 million, with the aim of backing its research in creating wide scale software for businesses to connect to the Blockchain.

If you are not already familiar with Blockdaemon, it has already made its name as the go-to place for point and click solutions, related to the Blockchain. More specifically, this means that it has reportedly facilitated the easier adoption of R3’s Corda, Hyperledger Fabric, and other business to business Blockchains which were, before their connection to Blockdaemon, more difficult to launch.

Once all of this is firmly planted in your mind, the next logical question may be said to be: how does this previous work connect with Blockdaemon’s partnership with Citizens Reserve?

According to Citizens Reserve CEO Eric Piscini, this partnership is more specific to the needs of his company as well as its existing customers, than to the wider perceived needs of the entire business world, related to the Blockchain.

What this precisely entails is that once the companies have begun their partnership, they will begin working on using Blockdaemon’s existing tools to speed up the process of bringing Blockchain nodes live. Once this capability is possible, Citizens Reserve hopes that it will further incentivize its future customers to join SUKU, which is Citizen’s Reserve’s “supply chain-as-a-service,” platform.

 Here, this seems to indicate that SUKU can ostensibly easily help companies onboard their entire legacy supply chain systems to the Blockchain, in order to make them much more transparent.

With such industry giants behind this effort, the chances of it speeding up Blockchain adoption, at least in this particular niche, seem auspicious.



By: BGN Editorial Staff

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