You can always tell when a technology has reached a certain level of maturity when it gets its own slot on the BBC Radio 4 news program ‘Today‘ which runs here in the UK every weekday morning from 6am – 9am.
Yesterday (Tuesday 19th January) morning saw the UK government’s Chief Scientific Advisor, Sir Mark Walport, talking about blockchain (AKA distributed ledger) and advocating its use for a variety of (government) services. The interview was to publicise a new government report on distributed ledger technology (the Blackett review) which you can find here.
The report has a number of recommendations including the creation of a distributed ledger demonstrator and calls for collaboration between industry, academia and government around standards, security and governance of distributed ledgers.
As you would expect there are a number of startups as well as established companies working on applications of distributed ledger technology including R3CEV whose head of technology is Richard Gendal Brown, an ex-colleague of mine from IBM. Richard tweets on all things blockchain here and has a great blog on the subject here. If you want to understand blockchain you could take a look at Richard’s writings on the topic here. If you want an extremely interesting weekend read on the current state of bitcoin and blockchain technology this is a great article.
IBM, recognising the importance of this technology and the impact it could have on society, is throwing its weight behind the Linux Foundations project that looks to advance this technology following the open source model.
From a software architecture perspective I think this topic is going to be huge and is ripe for some first mover advantage. Those architects who can steal a lead on not only understanding but explaining this technology are going to be in high demand and if you can help with applying the technology in new and innovative ways you are definitely going to be a rockstar!