The scope and scale of analytics is ever widening with the latent manifestation of emergent properties in data at rest and data in motion.
Following diagram from MIT Technology Review article on the emerging technology trends summarises the perimeters of applying analytics for the lifecycle of digital interactions, processes and things.
Analytics for monitoring could be applied at a systemic scale and dimension when it is for a business problem at scale. Analytics for monitoring could be relevant and suitable for microscopic interactions and control when it is applied for fast data and small data related problems. Both system analytics and control analytics are intuitive and non-interpretative in nature.
Predictive and process analytics are dynamic and interpretive in nature as it analytics is the input to a logic constructed priori. The scale and scope of context varies in process and predictive analysis methods. Process analytics is mostly prescriptive and descriptive in nature whereas predictive analytics is exploratory and ephemeral in nature.
Blockchain Scalability techniques and the scale cube metrics has made my Saturday morning live and loud ! I had the pleasure and privilege to take a live streaming webinar session on Blockchain Scalability – Architectures and Algorithms for the TechAthena community founded by technology leaders Shalaka Verma and Deepthi Annie.
During the initial interaction itself TechAthena community set their expectations clear. They are looking for a session on Blockchain technology beyond a product pitch or a corporate narrative. Hence I did a deep dive on Blockchain Scalability techniques from the vantage point of defining scalability of distributed systems with a specific focus on decentralised scaling.
I could lay out the most prominent Blockchain scalability techniques such as StateChannels, Sidechains, Offchain computation, Sharding, Replicated State Machines, Directed Acyclic Graphs, Gossip Protocols, variants of voting consensus algorithms, vertical and horizontal scaling etc. My presentation from this session is uploaded to SlideShare for further reviews and references. Request your thought and views.
During my preparations for the webinar, I could realise that fundamental postulates such as CAP theorem, Partial Synchronous processors etc. lay at the bottom of the Blockchain Scalability Constraints. It was a clear realisation that Consensus algorithms are not the bottlenecks in Blockchain scalability. Blockchain Trilemma coined by Vitalik Buterin underlined the need for factoring in Scalability trade offs in conjunction with decentralisation and security. I could easily comprehend the fact that in the contours of Blockchain, Decentralisation, Transparency and Scalability are the most important notions.
For a Blockchain evangelist, security and privacy gets redefined within the terrains of transparency. It is quite an interesting dimension. I could also connect with the scale cube defined in the book ‘Art of Scalability’ along with the Blockchain Scalability Trilemma and CAP theorem.
All together it was a great beginning to the weekend together with a network of hundred plus Blockchain evangelists. Thank you TechAthena community once again ! You can find the YouTube recording of the Webinar in the following channel. Request your views and thoughts.
I had an opportunity to talk about Blockchain Technology and its building blocks to the students and faculties of MCA department in Jain University in Bangalore.
It was a great experience to reflect on effective knowledge sharing strategies and pedagogic methods in the context of Blockchain technology. Students seem to have good awareness about the importance of cryptography in the Blockchain technology at the outset.
However, they are not well versed in the concepts like consensus algorithms, synchronous and asynchronous processes, time stamping, merkle tree etc. I could see that the history and emergence of Blockchain technology through CypherPunk and Cryptoanarchist community was not much exciting to them.
They were all attentive when I demonstrated Ganache UI and the Geth client. They were very curious when I demonstrated the use of Remix IDE and the Solidity syntax. All together it was a reflective and pedagogic experience to converse with young and ignited minds about Blockchain Technology.