Posts

Bruce Schneier reconsiders the definition of trust in his keynote presentation from the recent Hyperledger Global Forum.

Blockchains have to be trusted in order for them to succeed, and public blockchains can cause problems you may not think about, according to Bruce Schneier, a fellow and lecturer at the Harvard Kennedy School, in his keynote address at December’s Hyperledger Global Forum on “Security, Trust and Blockchain.”

Schneier began his talk by citing a quote from Bitcoin’s anonymous developer, Satoshi Nakamoto, who said “We have proposed a system for electronic transaction without relying on trust.”

“That’s just not true,’’ Schneier said. “Bitcoin is not a system that doesn’t rely on trust.” It eliminates certain trust intermediaries, but you have to somehow trust Bitcoin, he noted. Generally speaking, the Bitcoin system changes the nature of trust.

Schneier called himself a big fan of “systems thinking,” which is what the issue boils down to, he said. This is something that is in too short supply in the tech world right now,’’ he maintained, and “we need a lot more of it.”

Trust relationships

Schneier’s talk focused on the data structures and protocols that make up a public blockchain. He called private blockchains “100 percent uninteresting,” explaining that they’re easy to create and secure, they don’t need any special properties, and they’ve been around for years.

Public blockchains are what’s new, he noted. They have three elements that make them work:

  • The ledger, which is the record of what happened and in what order
  • The consensus algorithm, which ensures all copies of the ledger are the same
  • The token, which is the currency

All the pieces fit together as a single system, and whether they can achieve anything gets back to the issue of trust, he said.

When he reads some of the comments of blockchain enthusiasts, such as “in code we trust,” “in math we trust,” and “in crypto we trust,” Schneier believes they have “an unnaturally narrow definition of trust.”

Trust as a verification mechanism is true, but you cannot replace trust with verification, he stated. For example, Schneier recounted waking up in his hotel room and trusting that the keys worked, naturally trusting the people who prepared his breakfast, and trusting that all the people he encountered on his way to the forum would not attack him.

“Trust is essential to society,’’ he said. “Humans as a species, are very trusting.” And, he continued, “The fact that we don’t think about it most of the time is a measure that trust works.”

Trust architectures

Schneier cited the book, Blockchain and The New Architecture of Trust, by Kevin Werbach, in which the author outlines the following four different trust architectures:

  • Peer-to-peer trust
  • Leviathan trust, which is institutional and involves contracts
  • Intermediary trust, like PayPal or credit cards that make a transaction work
  • Distributed trust, which is what blockchain enables — an emergent trust in the system without any individuals in the system trusting each other

“Blockchain shifts trust in people and institutions to trust in technology,” Schneier said. This means having to trust the cryptography, the software, the computers, the network, and the people who are making all of this work, he said. Along the way there are a lot of single points of failure, and if a blockchain gets hacked or you forget your credentials, you lose your money.

It comes down to the question of who you would rather trust: a human legal system or the details of computer code? Schneier said that, in a lot of ways, trusting technology is a lot harder than trusting people. Institutional trust is still needed, he said, because you still need people to be responsible for these systems.

Bitcoin might theoretically be based on distributed trust, “but practically, that’s just not true.” You have to trust the wallets and the exchanges, and there’s not many of either, as well as the software and the operating systems and computers that everything the blockchain runs on, he said.

“If you think about the attacks on bitcoin, this is where they are – they don’t go against the math, they go against the computer science.” There is always a need for governance outside the system, and a need to override the rules and make changes when necessary, he stressed.

Blockchain systems will always have to exist with other more conventional systems and Bitcoin will always need to interoperate with the rest of the financial world, he said. “That interface, with its laws and norms, often requires breaking the trust architecture of the blockchain system.” This means you can’t have a Bitcoin system where transactions clear immediately work with a credit card system where transactions clear in three days, he said.

A key feature of trust is that if the transaction goes bad or if your credentials are stolen, you get your money back, Schneier said. At the same time, trust is expensive. The reason people don’t use Bitcoin is because they don’t trust it, not because of the cryptography or the protocols, he maintained.

Human element

“A currency that is volatile is not particularly trustworthy,’’ he said. “That’s the human way of looking at trust.” Ethereum is an interesting example of how trust is working. “The fact that we have hard forks means we still need trusted people. This trust is a lot more complicated than transaction verification.” People will choose Bitcoin and an exchange or wallet based on reputation, he said, whether it’s something they read or a recommendation from a friend.

He concluded his talk by noting that trust is much more social; a human thing.

“So truly understanding this requires systems thinking. I really want everybody who designs and implements blockchains to understand the systems they’re working in,” Schneier said, not just the technology aspect, but the social parts and how they work. He suggested people start by asking whether they need a public blockchain?

“I think the answer is almost certainly no, and by this I’m answering the security question, not the marketing question,’’ he said. “Blockchains likely don’t solve the security problems you think they solve,” and they cause other problems you don’t think about, like inefficiencies, especially scaling. Schneier said there are almost always simpler and better ways to achieve the same security properties.

He advised the audience to look at the trust architecture and whether the blockchain “will change it in any meaningful way or does it just shift it around to no real effect?” He also asked them to think about whether the blockchain replaces trust verification and what aspects of trust does it try to fix and fail?

“Does it strengthen existing trust relationships, or does it go against them? Are the trust intermediaries of the new architecture better or worse than the old arch? How can trust be abused in the new system?” he said. “Is it better or worse than the old system and, lastly, what would the same system look like if it didn’t use blockchain?”

In most cases, Schneier said, his guess is that people will choose solutions that don’t use public blockchains because of all the problems they bring. “I’m not saying that they’re useless,” he added, “but I have yet to find an example where the things they do are worth the problems they bring.”

Watch the entire presentation below:

Other session recordings can be found on the Hyperledger YouTube channel.

blockchain

Blockchain has benefits all the way along the supply chain, said Sally Eaves, of Forbes Technology Council, speaking at Open FinTech Forum.

Blockchain and its ability to “embed trust” can help elevate trust, which right now, is low, according to Sally Eaves, a chief technology officer and strategic advisor to the Forbes Technology Council, speaking at The Linux Foundation’s Open FinTech Forum in New York City.

People’s trust in business, media, government and non-government organizations (NGOs) is at a 17-year low, and businesses are suffering as a result, Eaves said.

Additionally, Eaves said, 87 percent of millennials believe business success should be measured in more than just financial performance. People want jobs with real meaning and purpose, she added.

To provide further context, Eaves noted the following urgent global challenges:

  • 1.5 billion people cannot prove their identity (which has massive implications in not just banking but education as well)
  • 2 billion people worldwide do not have a bank account or access to a financial institution
  • Identity fraud is estimated to cost the UK millions of euros annually.

Blockchain for good

Blockchain has benefits all the way along the supply chain, she said. “Supply chains that are non-transparent, ethical or sustainable are prevalent, especially in developing nations, alongside high levels of illegal trade with no traceability or accountability.” Eaves is focusing on the transparency of blockchains and their integration with other technologies.

More needs to be done in the areas of AI development, blockchain, and cybersecurity with teams that are truly diverse and inclusive, she stressed. People also need to look at interoperability and changing the current approach of “siloed thinking.”  Eaves said she doesn’t believe just in using advanced technologies but in repurposing older technology as well. “I’m all about sustainable, environmental, and economic impact.”

Mining costs, scalability, and performance are other considerations for blockchain, and some of the newer “flavors” of blockchain that Eaves is working on are “dealing with that head on,” she noted.

A particular project she mentioned is the Sustainable Asset Exchange, which addresses ethical mineral supply, ethical diamonds, food, and bamboo as a replacement for plastic, and how that can be traded fairly. Blockchain technology can be used as well as RFID and other technologies at every stage of the supply chain, she said.

All of this is geared at what Eaves called “a triple bottom line,’’ focused on sustainable development in economic, social, and environmental benefits and in bringing them together. “It doesn’t have to be an either or,” she said. “Sometimes, if we talk about one thing or another, we never look enough at how we can integrate them. And that’s what I passionately believe in.”

Headway is being made. Eaves cited research from Stanford University Business School that shows two-thirds of 193 early blockchain projects are expected to start demonstrating impact and tangible benefits in the next six months.

A three-way opportunity for change

Eaves went on to discuss opportunities from technological convergence. Another project she mentioned she is working on is in precision medicine, using blockchain security alongside machine learning to delve into pattern recognition to improve population disease management.

She predicted a rise in blockchain as a service; opportunities from science and technology pairings, such as genomics and blockchain; and opportunities to apply blockchain for social impact and to contribute to Sustainable Development Goals (SDGs).

Blockchain and evolving sustainable business models

The last segment of Eaves’s talk focused on using bamboo as a sustainable replacement for plastic in manufacturing bicycles, as well as in 3D printing and building modular homes.

“We need to make the application of advanced technology accessible to all and make it feel like this is something that is valuable and relevant to our everyday lives – not just something for the few,’’ she said. Her goal is to use blockchain to create sustainable business models that combine profit and purpose and are real-world and relevant to everyone.

We need to have a “cross-fertilization of ideas” from different aspects of the economy and addressing non-advanced technology issues, Eaves said. “You can’t have the best ideas in the world and most advanced forms of technology if we haven’t got the basic infrastructure right,’’ Eaves said. Otherwise, “we won’t get to that point of acceleration.”

You can watch the entire presentation below:

Learn more about blockchain at the upcoming Hyperledger Global Forum. Sign up to receive updates:

Hyperledger Global Forum

Collaborate, connect, and advance your blockchain skills at Hyperledger Global Forum next month.

With over 75 sessions, keynotes, hands-on technical workshops, social activities, evening events, and more, Hyperledger Global Forum gives you a unique opportunity to collaborate with the Hyperledger community, make new connections, learn about the latest production deployments, and further advance your blockchain skills. In addition to previously announced keynote speakers, new keynote speakers include:

  • Frank Yiannas, Vice President of Food Safety, Walmart
  • David Treat, Managing Director, Accenture

Session Highlights Include:

Technical Track:

  • Approaches to Consortia Governance and Access Control in Hyperledger Fabric Applications – Mark Rakhmilevich, Oracle
  • Chaincode Best Practices – Sheehan Anderson, State Street
  • Lessons Learned Creating a Usable, Real-world Web Application using Fabric/Composer – Waleed El Sayed & Markus Stauffiger, 4eyes GmbH

Innovation Theater Track:

  • MyCuID: Blockchains, Credentials and Credit Unions – Julie Esser, CULedger
  • Live Demo of Omnitude ID Utilizing Hyperledger Indy, Fabric, and Sovrin – James Worthington, Omnitude
  • Giving Money Identity and Purpose – Raj Cherla, Spoole Systems Pvt Ltd

Business Track:

  • Panel Discussion: Hyperledger in Supply Chains – Kari Korpela, Lappeenranta University of Technology; Petr Novotny, IBM Research; Yu Zhang, Huawei and moderated by Allison Clift-Jennings, Filament
  • Panel Discussion: Where Are We Now with Identity? – Daniel Haudenschild, Swisscom Blockchain AG; James Worthington, Omnitude and moderated by Heather Dahl, The Sovrin Foundation
  • Financial Inclusion: How DLT Provides Hope For 1.7 Billion Unbanked People – Matthew Davie, Kiva

Take a look at the full schedule!

Secure your spot now and save up to $150 with the current registration rate, available through November 25.  Register now >>

This post originally appeared on the Hyperledger website.

Get the latest on Hyperledger from Brian Behlendorf.

Brian Behlendorf has been heading the Hyperledger project since the early days. We sat down with him at Open Source Summit to get an update on the Hyperledger project.

Hyperledger has grown in a way that mirrors the growth of the blockchain industry. “When we started, all the excitement was around bitcoin,” said Brian Behlendorf,  Executive Director of Hyperledger. Initially, it was more about moving money around. But the industry started to go beyond that and started to see if it “could be used as a way to reestablish how trust works on the Internet and, and try to decentralize a lot of things that today with led to being centralized.”

“It might be OK for things like social networks or ride-sharing services to be centralized, but if you are talking about the banking or supply chain, you may not want that to be centralized,” said Behlendorf.

As the industry has evolved around blockchain so did Hyperledger. “We realized pretty early that we needed to be a home for a lot of different ways to build a blockchain. It wasn’t going to be like the Linux kernel project with one singular architecture,” said Behlendorf.

Hyperledger projects

It was going to be more than just one architecture. Today, Hyperledger has 10 different technology projects. Five of those are called frameworks. Two of those frameworks are now production quality, including Hyperledger Fabric and Hyperledger Sawtooth.

“These two frameworks now drive about 40 production networks that we see out there and about 60 different vendors, hosts, and other companies building on top of it,” said Behlendorf. “One way we have grown is by growing the commercial ecosystem around this code.”

Hyperledger has created software stacks that organizations like banks run to participate in a blockchain project and a distributed ledger with several of other organizations with whom they want to do business.

Global growth

One region where Hyperledger is witnessing incredible interest is mainland China. “The Chinese government has actually said this is a top-level priority for them, to figure out how to make distributed ledgers work,” said Behlendorf. “About 20 percent of our members come from Chinese companies like Baidu, Tencent, and Huawei. These companies are actually contributing code, which is great to see.”

As the adoption of Hyperledger projects is growing, the organization is also working on creating training and education courses in partnership with edX to meet this growing demand. Hyperledger also has a technical working group focused on communicating in Chinese with developers who are there to help them get involved with the project.

Hyperledger aims to be a global initiative. “There are a few Silicon Valley companies involved, but it’s New York. It’s London. It’s Singapore. It’s incredibly broad,” said Behlendorf. “That’s been really reassuring because open source is a global phenomenon and really should be about kind of uplifting all regions. So it’s been a great journey.”

Learn more in the video below:

Learn more at the upcoming Hyperledger Global Forum. Sign up to receive updates:

Enterprise open source adoption has its own set of challenges, but it becomes easier if you have a clear plan to follow. At Open FinTech Forum, Ibrahim Haddad provides guidelines based on proven practices.

2018 marks the year that open source disrupts yet another industry, and this time it’s financial services. The first-ever Open FinTech Forum, happening October 10-11 in New York City, focuses on the intersection of financial services and open source. It promises to provide attendees with guidance on building internal open source programs along with an in-depth look at cutting-edge technologies being deployed in the financial sector, such as AI, blockchain/distributed ledger, and Kubernetes.

Several factors make Open FinTech Forum special, but the in-depth sessions on day 1 especially stand out. The first day offers five technical tutorials, as well as four working discussions covering open source in an enterprise environment, setting up an open source program office, ensuring license compliance, and best practices for contributing to open source projects.

Enterprise open source adoption has its own set of challenges, but it becomes easier if you have a clear plan to follow. At Open FinTech, I’ll present a tutorial session called “Using Open Source: An Enterprise Guide,” which provides a detailed discussion on how to use open source. We’ll start by answering the question, “Why Open Source,” then discuss how to build an internal supporting infrastructure and look at some lessons learned from over two decades of enterprise open source experience. This session — run under the Chatham House Rule — offers a workshop-style environment that is a mix of presentation and discussion triggered by audience questions. The workshop is divided into five sections, explored below.

Why Open Source?

This question may seem trivial but it’s a very important consideration that even the most open source mature companies revisit regularly. In this part of the workshop, we’ll examine seven key reasons why enterprises should engage with open source software, regardless of industry and focus, and how they can gain incredible value from such engagements.

The Importance of Open Source Strategy

Going through the exercise of establishing an open source strategy is a great way to figure out your company’s current position and its future goals with respect to open source. These strategy discussions will usually evolve around goals you’d like to achieve, along with why and how you’d like to achieve them. In this part of the tutorial, we discuss the many questions to consider when determining your open source strategy and tie that to your product and services strategy for a path to a better ROI.

Implementing an Open Source infrastructure

Once you have identified your company’s open source strategy, you need to build infrastructure to support your open source efforts and investments. That infrastructure should act as a enabler for your efforts in using open source, complying with license, contributing to projects, and leading initiatives. In the workshop, I’ll present these various elements that together form an incredible enabling environment for your open source efforts.

Recommended Practices (17 of them)

When IBM pledged to spend $1 billion on Linux R&D back in 2000, it was a major milestone. IBM was a pioneer in the enterprise open source world, and the company had to learn a lot about working with open source software and the various communities. Other companies have since followed suit, and many more are now entering open source as it becomes the new normal of software development.  The question is: How can you minimize the enterprise learning curve on your own open source journey? We’ve got you covered. In this talk, we’ll explore 17 lessons learned from nearly two decades of enterprise experience with open source software.

Challenges

Beyond implementing these best practices, open source adoption requires a cultural shift from traditional software development practices to a more open and collaborative mindset. Internal company dynamics need to be favorable to open source efforts. As an open source leader inside your organization, you will face several challenges in terms of funding resources, justifying ROI, getting upstream focus, etc. These challenges often require a major shift in mindset and a lot of education up the chain. We will explore various considerations relating to culture, processes, tools, continuity, and education to ensure you are on track to open source success in your organization.

We hope to see you at Open FinTech Forum for an informative and high-value event.

Sign up to receive updates on Open FinTech Forum:

Don’t miss Open FinTech Forum, October 10 and 11 in New York.

Join Open FinTech Forum: AI, Blockchain & Kubernetes on Wall Street next month to learn:

  • How to build internal open source programs
  • How to leverage cutting-edge open source technologies to drive efficiencies and flexibility

Blockchain Track:

Hear about the latest distributed ledger deployments, use cases, trends, and predictions of blockchain adoption. Session highlights include:

  • Panel Discussion: Distributed Ledger Technology Deployments & Use Cases in Financial Services – Jesse Chenard, MonetaGo; Umar Farooq, JP Morgan; Julio Faura, Santander Bank; Hanna Zubko, IntellectEU; Robert Hackett, Fortune Magazine
  • Enterprise Blockchain Adoption – Trends and Predictions – Saurabh Gupta, HfS Research
  • Blockchain Based Compliance Management System – Ashish Jadhav, Reliance Jio Infocomm Limited

Artificial Intelligence Track:

See how financial institutions are increasingly using AI and machine learning in a range of applications across the financial system including fraud detection, DDoS mitigation, marketing and usage pattern analysis. Session highlights include:  

  • Build Intelligent Applications with Azure Cognitive Service and CNTK – Bhakthi Liyanage, Bank of America
  • Will HAL Open the Pod Bay Doors? An (Enterprise FI) Decisioning Platform Leveraging Machine Learning – Sumit Daryani & Niraj Tank, Capital One
  • Using Text Mining and Machine Learning to Enhance the Credit Risk Assessment Process – Bruce Brenkus, Spotcap

Cloud Native & Kubernetes Track:

Learn how Kubernetes and other cloud native applications help provide integration and automation between development and deployment for platform or infrastructure as code. Session highlights include:

  • Panel Discussion: Real-World Kubernetes Use Cases in Financial Services: Lessons Learned from Capital One, BlackRock and Bloomberg – Steven Bower, Bloomberg; Michael Francis, BlackRock; Jeffrey Odom, Capital One; Paris Pittman, Google; Ron Miller, TechCrunch
  • Multi-tenancy and Tenant Isolation on Kubernetes – Michael Knapp & Andrew Gao, Capital One
  • Building a Banking Platform on Open Source & Containers to Achieve a Cloud Native Platform – Jason Poley, Barclays

Open FinTech Forum also offers deep dive sessions on building internal open source programs (governance, compliance, establishing an open source program office, contributing and more) as well as tutorials on blockchain, containers and cloud native.

Whether you are already using open source, or just getting started, Open FinTech Forum offers learnings, insights and connections that can help inform IT decision makers about the open technologies driving digital transformation and how to best utilize them.

Sign up to receive updates on Open FinTech Forum: 

VIEW THE FULL SCHEDULE »

Secure your spot now.

REGISTER NOW »

Join 500+ CIOs, senior technologists, and IT decision makers at Open FinTech Forum, October 10-11 in New York.

The Schedule is Now Live for Open FinTech Forum!

Join 500+ CIOs, senior technologists, and IT decision makers at Open FinTech Forum to learn the best strategies for building internal open source programs and how to leverage cutting-edge open source technologies for the financial services industry, including AI, Blockchain, Kubernetes, Cloud Native and more, to drive efficiencies and flexibility.

Featured Sessions Include:

  • Build Intelligent Applications with Azure Cognitive Service and CNTK – Bhakthi Liyanage, Bank of America
  • Smart Money Bets on Open Source Adoption in AI/ML Fintech Applications – Laila Paszti, GTC Law Group P.C.
  • Adapting Kubernetes for Machine Learning Workflows – Ania Musial & Keith Laban, Bloomberg
  • Real-World Kubernetes Use Cases in Financial Services: Lessons learned from Capital One, BlackRock and Bloomberg – Jeffrey Odom, Capital One; Michael Francis, BlackRock; Kevin Fleming, Bloomberg; Paris Pittman, Google; and Ron Miller, TechCrunch
  • Distributed Ledger Technology Deployments & Use Cases in Financial Services – Hanna Zubko, IntellectEU; Jesse Chenard, MonetaGo; Umar Farooq, JP Morgan; Julio Faura, Santander Bank; and Robert Hackett, Fortune
  • Enterprise Blockchain Adoption – Trends and Predictions – Saurabh Gupta, HfS Research
  • Why Two Sigma Contributes to Open Source – Julia Meinwald, Two Sigma
  • Three Cs to an Open Source Program Office – Justin Rackliffe, Fidelity Investments

Sign up to receive updates on Open FinTech Forum:
VIEW THE FULL SCHEDULE »

Secure your spot now.

REGISTER NOW »

Linux Foundation members and LF project members receive a 20% discount on registration pricing. FinTech CIOs and senior technologists may receive a 50% discount on registration fees.

Email events@linuxfoundation.org for discount codes.

Keynotes announced for Open FinTech Forum, coming up October 10-11 in New York.

Announcing the initial lineup of financial services leaders keynoting at Open FinTech Forum!

Keynote Speakers Include:

  • Brian Behlendorf, Executive Director, Hyperledger
  • Sally Eaves, Chief Technology Officer, Strategic Adviser and Member of the Forbes Technology Council
  • Yuri Litvinovich, Senior Cloud Engineer, Scotiabank
  • Hilary Mason, General Manager of Machine Learning, Cloudera
  • Rob Palatnick, Managing Director and Chief Technology Architect, DTCC
  • Bob Sutor, Vice President for IBM Q Strategy and Ecosystem, IBM Research

Focusing on the intersection of financial services and open source, Open FinTech Forum will provide CIOs and senior technologists guidance on building internal open source programs and an in-depth look at cutting-edge open source technologies including AI, blockchain/distributed ledger and Cloud Native/Kubernetes that can be leveraged to drive efficiencies and flexibility.

The full event agenda will be announced on August 23.

Sign up to receive updates on Open FinTech Forum:

Secure your spot now.

REGISTER NOW »

Linux Foundation members and LF project members receive a 20% discount on registration pricing. FinTech CIOs and senior technologists may receive a 50% discount on registration fees.

Email events@linuxfoundation.org for discount codes.

Open FinTech

Speak at Open FinTech Forum, coming up this fall in New York.

Focusing on the intersection of financial services and open source, Open FinTech Forum will provide CIOs and senior technologists guidance on building internal open source programs and an in-depth look at cutting edge open source technologies including AI, Blockchain, Cloud Native & Kubernetes/Containers, Quantum Computing that can be leveraged to drive efficiencies and flexibility.

The call for speaking proposals is open through July 21st. If you are interested in sharing your experience with this audience, we’d like to hear from you. We’re looking for talks including project roadmaps from key community developers to use cases from those IT professionals in financial services or related verticals on their open source implementations.

Learn more about the CFP process, see a full list of suggested topics and submit by July 21. Update: The CFP closed on July 21. If you’re interested in speaking at other Linux Foundation events, learn more here: https://events.linuxfoundation.org/.

Submit Now >>

Sign up to receive updates on Open FinTech Forum, happening October 10-11 in New York:

Already confirmed Open FinTech Forum 2018 speakers include:

  • Chris Aniszczyk, CTO/COO, Cloud Native Computing Foundationand Co-Founder, TODO Group
  • Brian Behlendorf, Executive Director, Hyperledger
  • Karen Copenhaver, Leading IP Strategist
  • Sally Eaves, CTO, Professor of FinTech Practice, Global Strategic Advisor and Author, Forbes Technology Council
  • Ibrahim Haddad, Vice President of R&D, Samsung Electronics
  • Keith Laban, Software Engineer, Bloomberg
  • Yuri Litvinovich, Senior Cloud Engineer, Scotia Bank
  • Ania Musial, Senior Software Engineer, Machine Learning Platform, Bloomberg
  • Robert Palatnick, Managing Director and Chief Technology Architect, DTCC
  • Jason Poley, Distinguished Engineer/VP Cloud Architect, Barclays
  • Justin Rackliffe, Director, Open Source Governance at Fidelity Investments
  • Kate Stewart, Senior Director of Strategic Projects, The Linux Foundation
  • Bob Sutor, Vice President for IBM Q Strategy and Ecosystem, IBM Research

The full schedule of sessions will be announced in August.

Not interesting in speaking, but thinking of attending?

Open FinTech Forum will better inform IT decision-makers about the open technologies driving digital transformation and how to best utilize an open source strategy and implementation to enable new products, services and capabilities; increase IT efficiencies; establish and strengthen internal license compliance programs; attract top level talent; and train existing talent on the latest disruptive technologies. Register now to attend.

Register Now>>

Linux Foundation members and LF project members receive a 20% discount on registration pricing. FinTech CIOs and senior technologists may receive a 50% discount on registration fees.

Email events@linuxfoundation.org for discount codes.

Brian Behlendorf

Brian Behlendorf, Executive Director of the Linux Foundation’s Hyperledger project, has been named one of the top 10 influential voices in the blockchain world by the New York Times.

Brian Behlendorf, Executive Director of the Linux Foundation’s Hyperledger project, has been named one of the top 10 influential voices in the blockchain world, in a New York Times commentary titled “The People Leading the Blockchain Revolution.” Blockchain technologywhich encompasses smart contracts, distributed ledgers, and more—is already transforming contracts, payment processing, asset protection, and supply chain management.

In the article, Behlendorf is credited with driving the evolution and widespread adoption of numerous essential blockchain platforms and tools.

“Mr. Behlendorf has helped bring in other big names who are helping to make Hyperledger the focus of much of the corporate and governmental interest in blockchains today,” the Times reports.

“Hyperledger now oversees several different blockchain projects, but its biggest product is Fabric, which is being used by everyone from Walmart to the Centers for Disease Control and Prevention. Mr. Behlendorf, meanwhile, has tried to make sure the technology has kept its open-source soul even as it has begun to go mainstream” states the article.

Behlendorf is no stranger to protecting the open source soul of major projects or building strong open source communities. He was a primary developer of Apache Web server and a founding member of the Apache Group, which later became the Apache Software Foundation.

“There is exciting stuff going on with blockchain and real-world problems are being solved,” Behlendorf said during a recent keynote address at Token Fest, a leading blockchain exhibition and conference. In his address, he provides details on how Hyperledger’s tools and platforms are being used right now.

You can watch the complete presentation below and find out much more in this article as well as on the Hyperledger website.