Openchain: Enterprise-Ready Blockchain Technology
SAN MATEO, Ca. — Coinprism has released an enterprise-ready blockchain technology called “Openchain.” In contrast to Bitcoin, the service enables companies and institutions to set up their own Openchains that are also interoperable with each other. The company has forged new technology into the crypto-industry and traditional finance with colored coins,....
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Coinprism, the blockchain technology company that developed the Open Assets standard "colored coins" that is now used by the likes of NASDAQ and Overstock has released Openchain, an open source distributed ledger targeting financial institutions. Openchain, unlike bitcoin is based on a central, distributed ledger that will allow any enterprise user, company or an institution to use their own version of the chain. This functionality helps with lowering costs, reducing transaction times and Openchain users can also use the chain to interconnect with each other. Instead of transactions being....
Blockchain technology company Coinprism has released Openchain, an open source, distributed permissioned ledger that targets enterprise and financial institutions. Unlike bitcoin, which is based on a unique distributed ledger, Openchain will enable users to deploy their own version of the chain, allowing them to potentially cut costs and reduce settlement time. Speaking about Openchain's launch, Flavien Charlon, founder and CEO of Coinprism, explained: "Traditionally, settlement of a transaction happens some time after the trade happened. For example, three days for stock trading. With....
Coinprism announced OpenChain 0.5, which offers several major improvements compared to the earlier iteration of this project. This open source distributed ledger technology will be of great value to the digital currency community, which creates instant transaction confirmations and removes all mining fees. Plus, OpenChain is highly scalable and offers anonymity. Improving upon a project that offers all of the above is not an easy task, albeit a developer’s work is never finished. There is always room for future improvements, and future features to add to the list of possibilities. Other....
The massively popular public blockchain network NEM has been diligently working to expand into the enterprise solutions ecosystem since 2017. Soon this year, NEM will release Symbol, an enterprise-ready blockchain network. This is a significant move on NEM’s part as the team has always focussed on the utility-centric aspect of blockchain technology. NEM’s NIS1 blockchain has many firsts to its credit. It was one of the distributed ledgers to enable the proof-of-stake consensus mechanism. NIS1 […]
Enterprise use of blockchain technology has evolved at an almost unfathomable rate over the past 24 months. From early bitcoin experiments, to senior bankers joining startups, to the launch of the public ethereum decentralized application platform, to the many private, permissioned systems using the technology, blockchain has emerged as one of the top enterprise IT trends entering 2017. Yet, the market has already moved beyond the incubation phase where innovators effectively build the technology along with their initial applications, and possibly beyond the early adopter phase, too.....