Blockchain technology represents a fundamental shift in how data can be shared, in an open and transparent method. At the core of blockchain’s appeal is the guarantee to all parties involved that the data they send and receive cannot be changed or tampered with—as well as being error-free.
This past June, I attended the 2019 Bitcoin Conference in San Francisco, CA. With the various discussions on Bitcoin, Cryptocurrency, and with the chance to hang out with my favorite Crypto personalities, it was easy to lose myself in all the festivities. While taking a break, I found a seat and decided to charge my iPhone. The station by where I was seated was a wooden cube with two standard wall sockets and two USB ports.
While Blockchain technology offers unprecedented security solution and information sharing solution, it remained as of now mostly limited to the cryptocurrencies. While cryptocurrencies made Blockchain their core technology strength, other industries remained mostly silent bystanders.
Binance, one of the world’s largest cryptocurrency exchanges, has revealed that it is being blackmailed to the tune of 300 Bitcoin (approximately US $3.5 million) by someone who is threatening to release some 10,000 sensitive photographs of its customers. And in an attempt to identify its blackmailer, Binance has put a 25 Bitcoin (approximately US $290,000) bounty on their head.
Blockchain is a new, complementary piece of enterprise infrastructure, and just like any infrastructure it has the same elements of performance, security and stability. Organizations will need to come up with a plan to monitor performance, security and stability. Splunk makes it easy to do just that, not just with blockchain but with the rest of the enterprise infrastructure. This is absolutely necessary for getting to production and also makes application development faster.
At Splunk, our mission is to make data accessible, usable and valuable to everyone. There is no technology that pairs better with that vision than blockchain and distributed ledger technology. Blockchains give participants access to shared, trusted data and Splunk is the perfect platform to deliver rich operational and business insights into that data.
Hyperledger Fabric is a blockchain framework by the Linux Foundation that uses some open source projects to build a modular blockchain application. And do you know what? You can monitor your Hyperledger Fabric applications with the Elastic Stack. :) We are going to assume a specific Hyperledger Fabric setup. With Hyperledger Fabric you can deploy your application using different "blocks" to achieve the same result.
By Des Nnochiri In essence, the nature of business comes down to different companies exchanging value with supplier, partners, and customers. By “value”, we mean goods, services, money, and data. This is the fundamental basis of any business and it has to do this effectively in order to make a profit and survive.
Organizations of all sizes have made considerable shifts to using cloud-based infrastructure for their day-to-day business operations. However, cloud security hasn't always kept up with cloud adoption, and that leaves security gaps that hackers are more than happy to take advantage of.
It’s been almost a decade since blockchain technology made its debut. Since then, blockchain has evolved more quickly than anyone could have anticipated. It was designed to be a decentralized tool with potentially dozens of applications. Blockchain startups have attracted billions in venture capital and everyone—from banks to supply chains—is exploring blockchain-based projects.
