Title: A Perspective on Blockchain Evolution and Current Ecosystem
The first part of the talk will cover various activities carried out by the IEEE Blockchain Initiative. The Institute of Electrical and Electronics Engineers (IEEE) is one of the world’s largest technical professional organizations with 423,000 members in 160 countries. In January 2018, the IEEE Blockchain initiative was launched to pursue a comprehensive set of projects and activities through various committees focused on community development, conferences, education, publications, standards, and special projects. Over 200 volunteers from all over the world are involved in driving these activities. IEEE also develops global standards in a broad range of industries. IEEE has over 1000 active standards with over 600 standards under development. Currently, IEEE has several active blockchain standards working groups (P2418 and P2140 series) focused on the areas of IoT, energy, supply chain, agriculture, digital asset management, and healthcare.
The second part of the talk will provide a perspective on the evolution of the blockchain field and an overview of the current blockchain ecosystem. In 2008, Bitcoin was introduced by Satoshi Nakamoto as a peer-to-peer electronic cash by solving the double-spending problem. The distributed software architecture underlying Bitcoin was referred to as Blockchain. In 2013, Vitalik Buterin proposed Ethereum as a global distributed computing platform programmable through smart contracts. In 2015, the Linux foundation launched the Hyperledger project, which develops an industry-grade blockchain tools and technologies. Blockchain is essentially a distributed peer-to-peer software architecture that combines several concepts. Over the last decade, several architectural variations have introduced that can be broadly categorized as public, permissioned, or private blockchains. The public blockchain community is striving to develop decentralized applications to solve social problems such as banking, identity, personal data privacy, registry, etc. Whereas in the enterprise space, leading cloud service providers are offering Blockchain-as-a-Service platforms (IBM, Amazon, Microsoft, Oracle, Alibaba, Tencent, Baidu etc.) to reduce operation cost and /or improve efficiency in financial market, supply chain, trade, etc.