Blockchain technology & the next data-storage revolution

Deloitte Chief Futurist Mike Bechtel recently announced that blockchain will be driving the next data storage revolution. Multi parties securely exchanging data is a key element of this revolution, and was the premise upon which our platform FALKOR SI was initially developed. ByzGen CTO, Terry Leonard explains more.
Terry Leonard
Terry Leonard
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Blockchain leads the next data-storage revolution

Deloitte Chief Futurist Mike Bechtel recently announced that blockchain will be driving the next data storage revolution. It’s something we’ve long agreed with here at ByzGen, and this article from SDX Central explains how the business world (and our target SI market) is moving rapidly towards seeing blockchain as an essential part of trustworthy data sharing – instead of confining it solely to the world of crypto. In short, it's been a good year for blockchain! Its image is changing for the better, and it’s now bringing the security it first brought to digital currency to many other applied areas and global industries.

Deloitte’s Tech Trends Report identified systems like blockchain and Web3 as emerging technologies that will ‘drive the final “act” to data storage’s three-part play.’ 

Says Mike Bechtel: ‘A lot of that on-premises data’s first step is moving up to cloud warehouses, so that companies can start to say, “I’d like to mix this stuff from my firm with that stuff from their firm to create better-together value.”’’

Why is the next data storage revolution relevant to FALKOR SI? 

Decentralising and democratising data brings up the age old issue of trust, and just how vital it is. Companies need to understand and trust any emerging tech, before they jump on board and see the value in it.

Blockchain being able to solve all the multi party data management challenges discussed in this piece, was the premise upon which FALKOR SI was initially developed – multi parties securely exchanging data. 

Deloitte fit the profile for a Falkor SI client perfectly. Coming directly from a target client, blockchain will be used widely and has multiple applications with data as the key object of transactions and storage. 

Therefore system integrators like Deloitte, require a capability rich blockchain platform that they can integrate with in a generic and reusable way, to support clients across the sectors they already operate in. 

A big, reputable company like Deloitte needs to do this in an efficient way. And they’ll also need to ensure the platform can grow with the client's needs, plus show innovation and new development as required for given use cases. 

Data collaboration in the cloud 

A platform like FALKOR SI is part of the transition to cloud, in that it can help make the step to democratise the cloudification of data storage. Something Mike Bechtel mentions in the article. FALKOR SI can be used by companies to transition to the cloud, for example data is transacted through it before being stored on the cloud. It can also be useful when other cloud services like machine learning (ML) or artificial intelligence (AI) are being incorporated to the data to track how the data is being used.

What FALKOR SI and ByzGen can do for you

As mentioned in the SDX article, it’s certainly a transformational time for blockchain.  

Here at ByzGen, our consulting service means we can support system integrators through life as an agile partner to help solve their client’s most complex and critical challenges. Our expertise is second to none. 

If any of the blockchain news has piqued your interest, or you want to know more about our enterprise blockchain platform FALKOR SI and what it can do for you, please don’t hesitate to get in touch.

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