Slowly But Surely: May Was a Quietly Big Month for Blockchain

Don Tapscott is co-founder of the Blockchain Research Institute and co-author of "Blockchain Revolution" with Alex Tapscott.

We hosted the inaugural Blockchain Revolution Global, a conference focused solely on enterprise blockchain.

JP Morgan Chase's revamped its blockchain platform, Quorum, in a big way, after the banking giant announced a new partnership with Microsoft Azure Blockchain.

Not to be outdone by one digital conglomerate entering the blockchain space, Amazon Web Services recently made its Amazon Managed Blockchain generally available.

The process for building a blockchain network is currently quite arduous, which has limited a lot of blockchain applications to large enterprise.

The very same week Amazon released its Managed Blockchain, Microsoft responded by unveiling its full Azure Blockchain Service.

Just a few days later, Microsoft went a step further, providing a toolkit for Azure developers to build blockchain applications on the Ethereum blockchain.

Perhaps the greatest challenges for blockchains in enterprise - particularly public blockchains like bitcoin and ethereum - have been the abilities to scale and to transact between different blockchain networks.

Amid much fanfare in April, the blockchain platform Cosmos finally launched its native token, ATOM, intended to overcome the scalability and interoperability issues associated with blockchain technology.

Expect Cosmos to be a big topic of discussion at New York Blockchain Week.