{"id":14023,"date":"2016-05-19T09:08:03","date_gmt":"2016-05-19T06:08:03","guid":{"rendered":"http:\/\/www.altoros.com\/blog\/?p=14023"},"modified":"2018-06-22T14:48:38","modified_gmt":"2018-06-22T11:48:38","slug":"hyperledger-f2f-meeting-the-view-from-jersey-city","status":"publish","type":"post","link":"https:\/\/www.altoros.com\/blog\/hyperledger-f2f-meeting-the-view-from-jersey-city\/","title":{"rendered":"Hyperledger F2F Meeting: The View from Jersey City"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.altoros.com\/blog\/hyperledger-f2f-meeting-the-view-from-jersey-city\/#Blockchain_to_disrupt_industries\" >Blockchain to disrupt industries<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.altoros.com\/blog\/hyperledger-f2f-meeting-the-view-from-jersey-city\/#Thus_New_York\" >Thus, New York<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.altoros.com\/blog\/hyperledger-f2f-meeting-the-view-from-jersey-city\/#The_F2F_meeting\" >The F2F meeting<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.altoros.com\/blog\/hyperledger-f2f-meeting-the-view-from-jersey-city\/#So_what_happened\" >So what happened?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.altoros.com\/blog\/hyperledger-f2f-meeting-the-view-from-jersey-city\/#Proof_of_insert_your_favorite_word_here\" >Proof of (insert your favorite word here)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.altoros.com\/blog\/hyperledger-f2f-meeting-the-view-from-jersey-city\/#A_bit_about_Ethereum\" >A bit about Ethereum<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.altoros.com\/blog\/hyperledger-f2f-meeting-the-view-from-jersey-city\/#From_the_chasm_to_the_crux\" >From the chasm to the crux<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.altoros.com\/blog\/hyperledger-f2f-meeting-the-view-from-jersey-city\/#Now_identity\" >Now, identity<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.altoros.com\/blog\/hyperledger-f2f-meeting-the-view-from-jersey-city\/#Dont_Slack_off\" >Don\u2019t Slack off<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.altoros.com\/blog\/hyperledger-f2f-meeting-the-view-from-jersey-city\/#Were_up_to_our_necks_in_alligators\" >We\u2019re up to our (necks) in alligators<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.altoros.com\/blog\/hyperledger-f2f-meeting-the-view-from-jersey-city\/#Related_reading\" >Related reading<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"Blockchain_to_disrupt_industries\"><\/span>Blockchain to disrupt industries<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Global financial services industries generate <a href=\"https:\/\/www.investopedia.com\/ask\/answers\/030515\/what-percentage-global-economy-comprised-financial-services-sector.asp\" target=\"_blank\">maybe $13 trillion<\/a> in annual revenue. Blockchain threatens to disrupt all aspects of these industries. Therefore, blockchain is being taken very seriously by global financial services industries.<\/p>\n<p>If only that\u2019s where it ended. If only.<\/p>\n<p>The reality is blockchain threatens to disrupt the entire global economy, currently running at about $78 trillion per year. If you are in the transportation business, blockchain threatens to disrupt your world.<\/p>\n<p>If you provide electricity, blockchain threatens to disrupt your world. The same holds true for any business that has transaction\u2014in other words, any business. It also threatens to bring new levels of transparency to government at all levels.<\/p>\n<p>Roh-roh.<\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Thus_New_York\"><\/span>Thus, New York<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>This is the backdrop of a recent, fascinating week in New York that was centered around blockchain. A Hyperledger meetup, a competitive <a href=\"https:\/\/www.coindesk.com\/markets\/2016\/05\/01\/blockchain-energy-project-wins-consensus-2016-hackathon\/\" target=\"_blank\">hackathon<\/a>, a three-day conference called Consensus 2016, and a two-day Hyperledger Face-to-Face (F2F) meeting to close out the week provided enough technical discussion and subsumed tension to fry the greatest of minds and fray the steeliest of nerves.<\/p>\n<div id=\"attachment_14037\" style=\"width: 670px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" aria-describedby=\"caption-attachment-14037\" src=\"https:\/\/www.altoros.com\/blog\/wp-content\/uploads\/2016\/05\/HL-Meeting-1024x678.jpg\" alt=\"IBM&#039;s David Kravitz discusses cryptography\" width=\"640\" class=\"size-large wp-image-14037\" \/><p id=\"caption-attachment-14037\" class=\"wp-caption-text\"><small>IBM&#8217;s David Kravitz discusses cryptography<\/small><\/p><\/div>\n&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"The_F2F_meeting\"><\/span>The F2F meeting<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Where to start? I\u2019ll do a reverse chronology here, and summarize the F2F meeting, as it forms the crux of the matter. I\u2019ll then post subsequent, separate reports on the other events of the week.<\/p>\n<div id=\"attachment_13808\" style=\"width: 250px\" class=\"wp-caption alignleft\"><img decoding=\"async\" aria-describedby=\"caption-attachment-13808\" src=\"https:\/\/www.altoros.com\/blog\/wp-content\/uploads\/2016\/04\/Christopher-Ferris-279x300.jpg\" alt=\"Christopher Ferris, IBM\" width=\"220\" class=\"size-medium wp-image-13808\" \/><p id=\"caption-attachment-13808\" class=\"wp-caption-text\"><small>Christopher Ferris, IBM<\/small><\/p><\/div>\n<p>The F2F meeting was held May 5\u20136 at DTCC headquarters in Jersey City, NJ, in an area that\u2019s seen a marvelous transformation in the past few years from a neglected waterfront to a bustling, glimmering business\/residential district).<\/p>\n<p>Dozens of key people from technology providers IBM, Intel, Digital Asset Holdings (DAH), and Blockstream attended, as well as key potential blockchain adopters from Citibank, JP Morgan, and others. The meeting was formally headed by <a href=\"https:\/\/www.linkedin.com\/in\/chrisfer\" target=\"_blank\">Christopher Ferris<\/a>, an IBM Distinguished Engineer who sits at the head of the Hyperledger Project&#8217;s Technical Steering Committee (TSC).<\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"So_what_happened\"><\/span>So what happened?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Abstracted to a single phrase, here\u2019s what transpired: <strong>Lots of talk, not much progress<\/strong>.<\/p>\n<p>The Hyperledger Project should be viewed within the context of several activities in the bitcoin\/cryptocurrency\/blockchain space. To borrow a phrase from Facebook, <strong>it\u2019s complicated<\/strong>.<\/p>\n<p>The relationship between IBM and backers of the <a href=\"https:\/\/www.altoros.com\/blog\/ethereum-blockchain-technology-enters-hyperledger-picture\/\" target=\"_blank\">Ethereum project<\/a> seems especially so. IBM\u2019s <a href=\"https:\/\/www.altoros.com\/blog\/blockchain-at-ibm-interconnect-enterprise-deployment\/\" target=\"_blank\">Open Blockchain (OBC)<\/a> technology forms the keystone of the Hyperledger blockchain effort, and Ethereum might be considered to be a direct competitor to it. In this spirit, Altoros organized a <a href=\"https:\/\/www.meetup.com\/Hyperledger-NYC\/events\/229660581\/\" target=\"_blank\">\u201cHyperledger vs. Ethereum\u201d meetup<\/a> in New York prior to the F2F meeting\u2014I\u2019ll report on that soon.<\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Proof_of_insert_your_favorite_word_here\"><\/span>Proof of (insert your favorite word here)<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>OBC and Hyperledger (so far) employ the \u201cproof-of-work\u201d (PoW) scheme pioneered by Bitcoin, while Ethereum employs a dramatically different idea called \u201cproof-of-stake\u201d (PoS). In a PoW scheme, third parties receive a reward (a bitcoin or transaction fee) for validating a specific blockchain transaction. In Ethereum\u2019s PoS scheme, validators submit deposits (e.g., get a stake in the game) and lose those deposits if they try to verify false transactions or other mischief.<\/p>\n<p>A third process, called proof-of-elapsed-time (PoET, doncha know it) has been proposed by Intel and <a href=\"https:\/\/github.com\/hyperledger\/hyperledger\" target=\"_blank\">incubated<\/a> by the Hyperledger project.<\/p>\n<p>And, oh yes, the <a href=\"http:\/\/www.r3cev.com\" target=\"_blank\">R3 consortium<\/a> is apparently blazing its own blockchain trail with the backing of 40 banks and is seeking <a href=\"https:\/\/www.coinfox.info\/news\/5478-blockchain-consortium-r3-seeks-to-raise-up-to-200-million-of-investment\" target=\"_blank\">200 <em>million<\/em> dollars<\/a> (Austin Powers reference for you kids in the audience) from investors.<\/p>\n<p><p>R3 also recently said it has <a href=\"https:\/\/www.marketsmedia.com\/r3cev-moves-blockchain-development\/\" target=\"_blank\">moved \u201cbeyond\u201d blockchain<\/a>.<\/p>\n<!-- Linkedin Profile Badge: http:\/\/3doordigital.com\/wordpress\/plugins\/linkedin-profile-badge\/ -->\r\n<script type=\"IN\/MemberProfile\" data-id=\"https:\/\/www.linkedin.com\/in\/gendal\" data-format=\"hover\"  data-text=\"Richard Brown\" data-related=\"false\"><\/script> from R3 sits on the <a href=\"https:\/\/hyperledger.lfprojects.linuxfoundation.org\/about\/leadership\" target=\"_blank\">Hyperledger Project TSC<\/a>, illustrating in miniature an overall portrait of companies and consortia hedging their bets (an appropriate Wall Street metaphor) while pursuing their own interests.<\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"A_bit_about_Ethereum\"><\/span>A bit about Ethereum<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Ethereum is an open-source project as well, represented by the <a href=\"http:\/\/Ethereum.org\" target=\"_blank\">Ethereum Foundation<\/a> and one of the technology\u2019s key developers, Consensys.<\/p>\n<div id=\"attachment_14026\" style=\"width: 200px\" class=\"wp-caption alignleft\"><img decoding=\"async\" aria-describedby=\"caption-attachment-14026\" src=\"https:\/\/www.altoros.com\/blog\/wp-content\/uploads\/2016\/05\/Andrew-Keys-300x300.jpg\" alt=\"Andrew Keys, Consensys\" width=\"170\" class=\"size-medium wp-image-14026\" \/><p id=\"caption-attachment-14026\" class=\"wp-caption-text\"><small>Andrew Keys, Consensys<\/small><\/p><\/div>\n<p>The Foundation is based in Zug, Switzerland. It not only touts a \u201cfree, decentralized, open future\u201d (as according to its blog), but also promises that with this technology you can \u201cbuild your own country with an unchangeable constitution (and) a better delegative democracy.\u201d No wonder establishment types get either a deer-in-the-headlights or panties-in-a-bunch look when discussing this stuff.<\/p>\n<blockquote><p><em>&#8220;You can build your own country with an unchangeable constitution&#8230;&#8221; \u2014Source: <a href=\"https:\/\/ethereum.org\/en\/\" target=\"_blank\">www.ethereum.org<\/a><\/em><\/p><\/blockquote>\n<p><a href=\"http:\/\/www.consensys.net\" target=\"_blank\"><\/p>\n<p>Consensys<\/a> (a portmanteau of \u201cConsensus Systems\u201d) describes itself as \u201ca venture production studio building decentralized applications and various developer and end-user tools for blockchain ecosystems, focusing primarily on Ethereum.\u201d<\/p>\n<p>Consensys is headquartered not somewhere in the Alpine foothills but in Brooklyn. Prominent at the F2F meeting were <a href=\"https:\/\/www.linkedin.com\/in\/andrew-keys-45a9517\" target=\"_blank\">Andrew Keys<\/a> (listed as the company\u2019s business interactions exec) and Joseph Chow, a consulting engineer, talked about Ethereum\u2019s structure and processes during the meeting, and assured representatives from IBM they were there \u201conly to listen and learn.\u201d<\/p>\n<p>Ethereum wunderkind <a href=\"https:\/\/www.linkedin.com\/in\/vitalik-buterin-267a7450\" target=\"_blank\">Vitalik Buterin<\/a> also made an appearance, discussing some technical differences between blockchain approaches during a break in the formal sessions at the F2F meeting.<\/p>\n<div id=\"attachment_14034\" style=\"width: 670px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" aria-describedby=\"caption-attachment-14034\" src=\"https:\/\/www.altoros.com\/blog\/wp-content\/uploads\/2016\/05\/HL-Vitalik-Closeup.jpg\" alt=\"Vitalik Buterin discussing aspects of Ethereum during a break in the formal sessions.\" width=\"640\" class=\"size-full wp-image-14034\" \/><p id=\"caption-attachment-14034\" class=\"wp-caption-text\"><small>Vitalik Buterin discussing aspects of Ethereum during a break in the formal sessions<\/small><\/p><\/div>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"From_the_chasm_to_the_crux\"><\/span>From the chasm to the crux<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Bankers are not usually thought of as nihilists, although some of their excesses in the early years of this century did seem to almost bring down the entire global financial system.<\/p>\n<p>The ones who are studying blockchain seriously would argue that the tamper-proof security, transparency, and disintermediation from inefficient (and non-tamper-proof) industry and government third parties can assure that such calamity won\u2019t be repeated.<\/P \n\n\n\n<p>But it\u2019s clearly a chasmatic leap from mining bitcoins to ledgering complex packages of myriad asset types. This is the crux of their concern.<\/p>\n<p>At the technical level, two big issues are now of high priority: architecture and identity.<\/p>\n<p>Architecture was discussed at the <a href=\"https:\/\/www.altoros.com\/blog\/hyperledger-technical-f2f-meeting-draws-crowd-gets-some-work-done\/\" target=\"_blank\">previous F2F meeting<\/a>. Discussions from that meeting have subsequently been incubated as <a href=\"https:\/\/github.com\/hyperledger\/fabric\" target=\"_blank\">Hyperledger Fabric<\/a>.<\/p>\n<p>Another wrinkle, referenced above, is the more recent incubation of Intel\u2019s Sawtooth proposal.<\/p>\n<p>Related closely to architecture are concerns about use cases and requirements. These latter two topics have proven so far to be a chicken-and-egg discussion; it\u2019s tough to define the requirements without use cases and vice versa.<\/p>\n<div id=\"attachment_14032\" style=\"width: 670px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" aria-describedby=\"caption-attachment-14032\" src=\"https:\/\/www.altoros.com\/blog\/wp-content\/uploads\/2016\/05\/Oleg-Abdrashitov-Action-1024x678.jpg\" alt=\"Oleg Abdrashitov is working to steer Architecture &amp; Use Case contributions\" width=\"640\" class=\"size-large wp-image-14032\" \/><p id=\"caption-attachment-14032\" class=\"wp-caption-text\"><small>Oleg Abdrashitov is working to steer architecture and use case contributions<\/small><\/p><\/div>\n<p><a href=\"https:\/\/www.linkedin.com\/in\/olegabu\" target=\"_blank\">Oleg Abdrashitov<\/a>, a systems architect with years and years of experience on Wall St., is working in conjunction with Altoros to help <a href=\"https:\/\/github.com\/hyperledger\/hyperledger\" target=\"_blank\">steer this discussion<\/a>. Again, this is an open project, so potential submitters are being encouraged to speak up!<\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Now_identity\"><\/span>Now, identity<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>At the latest F2F meeting, Blockstream\u2019s <a href=\"https:\/\/www.linkedin.com\/in\/christophera\" target=\"_blank\">Christopher Allen<\/a> led an Identity workgroup meeting. In this and other discussions, he offers up a 10-point synopsis of what\u2019s important with identity:<\/p>\n<ol>\n<li><strong>Existence.<\/strong> Users must have an independent existence.<\/li>\n<li><strong>Control.<\/strong> Users must control their identities.<\/li>\n<li><strong>Access.<\/strong> Users must have access to their own data.<\/li>\n<li><strong>Transparency.<\/strong> Systems and algorithms must be transparent.<\/li>\n<li><strong>Persistence.<\/strong> Identities must be long-lived.<\/li>\n<li><strong>Portability.<\/strong> Information and services about identity must be transportable.<\/li>\n<li><strong>Interoperability.<\/strong> Identities should be as widely usable as possible.<\/li>\n<li><strong>Consent.<\/strong> Users must agree to the use of their identity.<\/li>\n<li><strong>Minimalization.<\/strong> Disclosure of claims must be minimized.<\/li>\n<li><strong>Protection.<\/strong> The rights of users must be protected.<\/li>\n<\/ol>\n<p>Christopher has posted an expanded version of these 10 points on <a href=\"https:\/\/github.com\/ChristopherA\/self-sovereign-identity\/blob\/master\/ThePathToSelf-SovereignIdentity.md\" target=\"_blank\">GitHub<\/a>.<\/p>\n<div id=\"attachment_14033\" style=\"width: 670px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" aria-describedby=\"caption-attachment-14033\" src=\"https:\/\/www.altoros.com\/blog\/wp-content\/uploads\/2016\/05\/HL-Christopher-Allen-1024x432.jpg\" alt=\"Hyperledger Identity workgroup lead Christopher Allen (right) listens amidst intense discussion\" width=\"640\" class=\"size-large wp-image-14033\" \/><p id=\"caption-attachment-14033\" class=\"wp-caption-text\"><small>Identity workgroup&#8217;s Christopher Allen (dark shirt, right) listens amidst intense discussion<\/small><\/p><\/div>\n<p>An Identity workgroup meeting at the F2F meeting got bogged down into a discussion of consensus versus validation, and where to put them in the stack. As a neutral observer, I grew tired of some of the arguments, as they prevented the group from diving into several <a href=\"https:\/\/github.com\/hyperledger\/hyperledger\" target=\"_blank\">schemata (or \u201csubstreams\u201d)<\/a> that Christopher offered up prior to the meeting.<\/p>\n<p>A great deal of thought needs to go into analyzing the best way to proceed with Hyperledger in this area. I don\u2019t view this as one of those areas where people can just say \u201cit\u2019s open, let\u2019s fork it here as we please.\u201d Perhaps future Identity meetings can make more progress.<\/p>\n<p>&nbsp;<br \/>\n<div id=\"\" class=\"clearfix padded-panel\"><div class=\"details-box-wrapper\" style=\"\/* background-image:url(http:\/\/www.altoros.com\/blog\/wp-content\/uploads\/2015\/04\/cf-after-dark-apache-brooklyn.gif); *\/\"><div class=\"details-box-overlay details-box-overlay-a\"><\/div><div class=\"details-box\"><div class=\"section-title\">Altoros Take<\/div><div class=\"details-wrapper\"><div class=\"detail-item\"><div class=\"take\"><span>\n<p><h3><span class=\"ez-toc-section\" id=\"Dont_Slack_off\"><\/span>Don\u2019t Slack off<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/p>\n<p>A great, if tedious, resource for all this can be found on <a href=\"https:\/\/hyperledgerproject.slack.com\/messages\/general\/\" target=\"_blank\">Slack<\/a>.<\/p>\n<p>Slack channels do provide a nice chronology of everyone\u2019s thoughts\u2014the tedium arrives with a multiplicity of channels and a constant stream of small-ball messages. Dig through this, though, and you\u2019ll find many valuable comments and links to current, relevant documents.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Were_up_to_our_necks_in_alligators\"><\/span>We\u2019re up to our (necks) in alligators<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>This is a dynamic, fluid situation, one in which any reports I post can become obsolete overnight. However, as John Prine once <a href=\"https:\/\/www.azlyrics.com\/lyrics\/johnprine\/oftenisawordiseldomuse.html\" target=\"_blank\">wrote<\/a>, \u201cI\u2019m cold and I\u2019m tired and I can\u2019t stop coughin\u2019 long enough to tell you all the news.\u201d I\u2019ll keep the copy coming to try to get everyone up to speed who wasn\u2019t in New York.<\/p>\n<p>We\u2019re in a situation where everyone is up to their (necks) in alligators, making it tough to remember that the original job was to drain the swamp, with the uncompleted ur-task of figuring out the best way to drain it.<\/p>\n<p>Maybe some enterprising soul can provide an appropriate T-shirt for the next F2F meeting (still to be scheduled). It might take the edge off of these trillion-dollar conversations.<\/p>\n<\/span><\/div><\/div><\/div><\/div><\/div><\/div>\n&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Related_reading\"><\/span>Related reading<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><a href=\"https:\/\/www.altoros.com\/blog\/hyperledger-technical-f2f-meeting-draws-crowd-gets-some-work-done\/\">Hyperledger Technical F2F Meeting Draws Crowd, Gets Some Work Done<\/a><\/li>\n<li><a href=\"https:\/\/www.altoros.com\/blog\/technical-introduction-to-hyperledger-fabric\/\">In a World of Many Networks, Hyperledger Builds on IBM\u2019s Open Blockchain<\/a><\/li>\n<li><a href=\"https:\/\/www.altoros.com\/blog\/digital-asset-contributes-an-enterprise-blockchain-server-to-hyperledger\/\">Digital Asset Contributes an Enterprise Blockchain Server to Hyperledger<\/a><\/li>\n<li><a href=\"https:\/\/www.altoros.com\/blog\/hyperledger-fabric-incubation-moves-forward\/\">Hyperledger Fabric Incubation Moves Forward<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Blockchain to disrupt industries<\/p>\n<p>Global financial services industries generate maybe $13 trillion in annual revenue. Blockchain threatens to disrupt all aspects of these industries. Therefore, blockchain is being taken very seriously by global financial services industries.<\/p>\n<p>If only that\u2019s where it ended. If only.<\/p>\n<p>The reality is blockchain threatens to disrupt the entire [&#8230;]<\/p>\n","protected":false},"author":9,"featured_media":14048,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[7],"tags":[672,753],"class_list":["post-14023","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-opinion","tag-blockchain","tag-hyperledger"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Hyperledger F2F Meeting: The View from Jersey City | Altoros<\/title>\n<meta name=\"description\" content=\"Many trillions of dollars are going to be affected soon by what&#039;s going on now with blockchain discussions, initiatives, and fights. 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