Cisco is changing.
The technology firm best known as the supplier of enterprise computer hardware has seen a slow, steady decline in revenue from some of its core products. As a result of an increasing number technological services being virtualized, and the storage of information moving to the cloud, the $158bn firm has been restructuring and exploring new ways to capitalize on connected devices.
But amidst this change in identity, it’s in identity itself where some of the California-based company’s most interesting new experiments are taking place. With a series of early stage blockchain projects, Cisco is now pushing even deeper into what could end up being much more than a way for employees to prove who they are across subsidiaries.
In conversation with CoinDesk, Robert Greenfield IV, Cisco software engineer and executive team lead of the firm’s Connected Black Professionals resource group, explained how several blockchain projects have evolved into a new way for corporations to prove identity.
“On a grand scale, it’s going to be absolutely necessary for Cisco to really master blockchain technology, because it’s bridging the gap between hardware and what Cisco as a company is transitioning towards, which is software and security.”