Is Blockchain for You?

Dateline: March 24, 2017

Welcome to our Friday WRAP – one thought-provoking idea to think about over the weekend.

Blockchain, the technology behind Bitcoin that allows information shared on a network to be coordinated, secure and current, is taking innovative thinkers in industries outside of financial services by storm.  Recently consultants from Oliver Wyman’s energy practice published an article in the Harvard Business Review, “How Utilities Are Using Blockchain to Modernize the Grid”.  In it they describe several ways blockchain could transform the energy industry, but one quote in particular sparked ideas for legacy IT shops:


What is more likely to happen is that blockchain will become part of the answer to updating and improving centralized, legacy systems with a distributed hybrid system made up of a patchwork of both large power plants and microgrids powered by distributed energy resources such as solar power. Such a decentralized energy system would be capable of delivering efficient, reliable, and, in many cases, renewable energy.

Are your legacy data centers ripe for blockchain technology?  How might blockchain technology update and improve your data flows?

That’s a WRAP!  Have a great weekend!

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