What are the costs of Distributed Ledger Technology (DLT) Blockchain for Business Apps?

We are now at a technology tipping point where the application of blockchain technology is feasible for businesses and startups. The cost of implementing Blockchain applications has reduced through vendor support in the form of Blockchain as a Service (Baas) and open source libraries.  However, care should be taken before diving into implementing a project using Blockchain, as a number of hidden costs and variables must be carefully examined. What is Blockchain? You can read the comprehensive definition of Blockchain on Wikipedia; however, Dr Mark Staples (Data61) eloquently distills the essence of a Blockchain to simply, "A distributed database and…

Distributed Ledger Technology (Blockchain) Symposium 2017

This week, I had the pleasure of attending the SDLT 2017 at Griffith University on the Gold Coast.  It was an opportunity to 'nerd out' on one of the current most exciting areas of technology since the explosion of the Internet late in the '90s. The program covered technical, legal, regulatory and societal issues in Distributed Ledger Technologies (Blockchain). In this article, I have translated highlights of the Symposium from the computer science to business lingo. Dr Mark Staples of Data61 (CSIRO) opened the day with an interesting reflection on the history of software engineering; from its birth in the late 1960s to highlights on…

Why we don’t usually sign NDAs? And you shouldn’t worry about it

Client: "Hi, I would like a quote to get an app developed." Envisage apps: "Sure thing. Please tell me what you have in mind?" Client: "Do you sign non-disclosure or confidentiality agreements? You see, I would like to be able to talk freely about my app to ensure my idea is safe. Otherwise, how do I know you won't steal my idea?" Does this sound familiar to you? It certainly does to us. Well, here is the deal: There is not much new under the sun, and your idea may not be as novel as you think. Over the years we have…