UPDATED 18:00 EDT / FEBRUARY 16 2016

NEWS

How one company plans to lead enterprises through the blockchain maze | #BlockChain

Despite the steady hype around blockchain, many individuals and businesses still find dealing with the technology dauntingly complex.

But just-launched Tendermint ( ALL IN BITS, INC) wants to be the go-between and make blockchain simpler to utilize and understand. Specifically, the company provides a tool for simplifying blockchains for enterprises small to large.

Tendermint President and Cofounder Dustin Byington told Jeff Frick, cohost of theCUBE, from the SiliconANGLE Media team, “The key aim of Tendermint is to simplify blockchains and bring to enterprise.” He said it’s understandable that many struggle to get their minds around blockchains and says Tendermint offers simplification targeted to businesses. “Tendermint has been built from the ground up with the needs of enterprise clients in mind.”

Interestingly, said Byington, the big draw for blockchain — its security — can seem like a bug rather than a feature for businesses that can’t access certain information when needed. He hopes that Tendermint’s technology can alleviate some of those headaches.

Will 2016 be blockchain’s golden year?

Byington foresees 2016 as being a big year for blockchain and Tendermint’s adoption, not just by corporate enterprises, but others such as medical institutions. He said that platforms and structures were not up to par in the past, but he believes, “Now that we have these tools in place, we’re going to really rapidly see some production-quality applications that are going to really shake things up.”

Watch the full interview below, and be sure to check out more of SiliconANGLE and theCUBE’s coverage of The Block Chain Conference.

Photo by SiliconANGLE

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