In an activity that brought together various actors in the sector, the Uruguayan Chamber of Information Technology (Cuti) and IBM conducted a training on the Blockchain tool, a disruptive database whose use can substantially improve the management of business.
The talk, which was framed in the topic "Innovation in the cognitive era" and was conducted by the architect at IBM, Sebastián Vergara, and by the head of Banking Industry at IBM, Gonzalo Boix, was part of the "i3: more ideas, more initiatives, more innovation" program, which aims to create and strengthen innovation capabilities in ICT companies.
As a prelude to the presentation on Blockchain, Vergara referred to innovation as a pillar for business subsistence. "Change, the incorporation of new technologies and adaptation to the needs of users are the characteristics that have made companies like Snapchat prevail over Kodak, Whatsapp over MSN, or Netflix over Blockbuster," he said.
In this context, he explained that Blockchain is a technological tool that forms a shared database and works as a book for the registration of operations in a business network. It allows to keep a distributed record of transactions without the need for an organization to control its validity, generating value to the actors through the reduction of costs, time and risks.
Boix, meanwhile, said that this is a bet that will generate a disruption similar to that achieved by the Internet in its early days. "We are beginning to understand what the impact of this technology will be on different industries and business networks," he said.
Among its advantages, the business Blockchain allows to know the origin of the registered assets because it contains the history of them since their creation. Once the information is agreed by all the actors involved in its use, no one can change it and the error can only be corrected with a record of the opposite movement, and although it is a shared record, not all users can see all the information. Access will depend on the role of each participant in the business Blockchain.
"Companies never work alone, they work in business networks and value chains in which goods and assets are exchanged, generating markets. Here, consistent and fast flows of information are not yet generated and that is where Blockchain generates value," concluded Boix.
This event is carried out by the Uruguayan Chamber of Information Technologies (Cuti), in the framework of the program of creation and strengthening of innovation capabilities in ICT companies, supported by the Industrial Fund of the Ministry of Industry, Energy and Mining (MIEM).
Next seminar: June 22nd - Microsoft: Artificial Intelligence.
Find out here about i3's cycle of training workshops, aimed at the Uruguayan technology ecosystem.
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