June 2019CIOAPPLICATIONS.COM6Revamping the Universal Ledger 2018 was the year that saw huge drops in value for Blockchain's flagship use case ­ cryptocurrency Bitcoin. However, many big players including IBM and Walmart are continuing to push ahead, confident that blockchain can provide real value for organizations in terms of providing innovative solutions around record keeping and secure recording of transactions. According to a report, the application of blockchain technology to secure data and devices in the internet of things (IoT) has doubled in the past year. This trend is expected to continue next year and beyond, as more organizations wake up to the potential of distributed, encrypted ledger technology in this field. The powerful encryption used to secure blockchains has significantly improved the sophistication of its security layer as attackers now need a vast amount of computing power to brute-force their way into just one node. Additionally, the decentralized nature of the technology has made it impenetrable for the attackers as they can't bypass security by disabling a single-point-of-failure with, for example, a denial-of-service attack. Along with security, blockchain is also set to offer utility benefits in the IoT field. With the number of connected devices predicted to top 26 billion during 2019, vast amounts of machine-to-machine communication will be taking place, at far too high a speed for humans to keep up manually. This has raised prediction that blockchain will play an instrumental role in being used to log and monitor these communications and transactions, and although this convergence is at a very early stage, 2019 will see an explosion in its use.This edition of CIO Applications features the companies that have been a vital part of this transforming landscape of the ever-dynamic blockchain sector. In addition to these prominent names, the issue will also be featuring insights from industry thought leaders and technologies from innovative solution providers. Let us know your thoughts!EditorialCopyright © 2019 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.JUNE - 20, 2019, Volume 05 - Issue 29Published by ValleyMedia, Inc. To subscribe to CIO ApplicationsVisit www.cioapplications.com Graphics & ArtManaging EditorJoe PhillipSenior WritersClara MathewEditorial Staff*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffSalesVincent Georgevincent@cioreview.comEmailsales@cioapplications.comeditor@cioapplications.commarketing@cioapplications.comContact UsPhone: 510.330.5174Fax: 510.894.8405Declan ColeAlbert RozarioBen JacksonDaniel HolmesEzra BenjaminJune MichaelRoy KeanLeah JaneRoyce D'SouzaJoe PhillipManaging Editoreditor@cioapplications.comJoe Phillip
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