Local Leaders Talk the Definition — and Implications — of Blockchain at Atlanta Data Center Summit

ATLANTA, GA – The lifeblood of any data center is composed of one thing – data. CAPRE appreciates the criticality of this opaque concept, and that’s why The End-User Mindset: How are Corporations Working with Data, Compute, and Adoption of Disruptive Technologies like Blockchain, IoT and AI? was one of the showcase sessions at CAPRE’s Fourth Annual Atlanta Data Center Summit in August. Moderator Steve Brumer, Partner, BH IoT Group looked to one of his panelists, Daniel Gouldman, CEO & Co-Founder of Ternio, to give the room an elevator pitch. Specifically, what is a clear definition of what blockchain really is?

“It is secure, it is encrypted, it is real-time data sharing. And the difference between blockchain technology and traditional databases is a payment layer,” replied Gouldman. “The payment layer that sits on top of the data layer is the most transformational part of the blockchain. at least they don’t today, but they might in a few years.”

“That’s why I asked the question, because a lot of us are trying to get to a place where we understand, what does this mean?,” remarked Gouldman in turn. “We all talk to people on airplanes and have to explain the things we do.”

At that point, Gouldman’s co-panelist Tracy Levine, CEO of Advantage Talent & Member of the 2018 Forbes Coaches Council offered another take. “I’m going to be a contrarian, because I’m from Wall Street and I deal with the C-Suite. for people who buy data centers,” she added. “I’d have to disagree that they don’t understand blockchain. they absolutely understand blockchain. but they don’t have trusted partners to execute blockchain.”

Tracy Levine, CEO, Advantage Talent

According to Levine, if you take a look at the budgets of publicly trade major enterprises in their SEC filings, you can see that there are huge blockchain-related expenses planned for over the next 5-10 years. “But what they’re looking for is trusted partners. And if data centers don’t step up to be trusted partners, to figure out how data centers are going to be a part of it, you’re going to be disrupted,” she warned. “Because they’re starting to ask higher level questions other than the tactical – it’s not just how reliable is my data, or am I going to go to the Cloud or a regular data center? They’re looking at more strategically, and they’re planning to spend more money on blockchain to protect that data.”

Linda Goetze, President & CEO of the International Blockchain Chamber of Commerce then offered a bit more insight. “Just to round out the perspective of what blockchain is, you have public blockchains and you have private blockchains,” she added. “Those are very distinctly different and can be managed differently. so when you’re looking at the big picture of what blockchain is, there’s probably a niche for you.”

For example, there are mining facilities which are a type of data center, but do not meet the same definition of what a typical data center is. “I think we’re going to see this morphing of traditional data center with mining farms,” she predicted. “And it will be interesting to see who makes that transition soon enough to be a leader and to provide that trusted partner for the enterprise companies looking for one.”

 

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