Eris COO: Private and Public Blockchains Need to Co-Exist
How seriously should you take a company with a marmot named Doug for a mascot? That has been the subject of debate surrounding Eris Industries and its blockchain solutions platform for some time. Founded in 2014, Eris has evolved to become one of the more novel projects in the blockchain space in terms of its operating thesis, officially launching in December with a goal toward a "1.0 release" this summer. In its short history, Eris has made a point to trumpeting its belief that bitcoin should be thought of as a shared software database, not as a network for sending money or value. In the....
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CoinTelegraph spoke with the co-founder and COO of Eris Industries, Preston Byrne, on why the company decided to leave the UK and move its operations to the United States. As reported in May, Eris Industries has ordered its staff to leave the United Kingdom due to the proposed UK’s Investigatory Powers bill, which the company says gives the government “completely unnecessary” surveillance powers on data. “This is a red line for us, and should be for every blockchain firm. Distributed systems don't work without secure cryptography.” CoinTelegraph: What does Eris Industries do?
Investor Fred Wilson, co-founder of Union Square Ventures, thinks banks are missing the most important opportunity bitcoin offers by building private blockchains. Speaking on a panel with Nathaniel Popper of The New York Times at the CB Insight “Future of Fintech,” he said the transformative value of virtual currency will be on a public blockchain, as reported by the Observer. Private blockchains copy the distributed approach of public blockchains but hide it inside the servers that their creators have given permission to maintain a copy. Private Blockchains? Think Compuserve. Wilson, a....
Vitalik Buterin is a programmer and writer. He founded Ethereum, a decentralized web 3.0 publishing platform, for which he won the World Technology Award in 2014. In this article, he explores the differences between public and private blockchains and the pros and cons of both. Over the last year, the concept of 'private blockchains' has become very popular in the broader blockchain technology discussion. Essentially, instead of having a fully public and uncontrolled network and state machine secured by cryptoeconomics (eg proof-of-work, proof-of-stake), it is also possible to create a....
Eris Industries, which was founded last year, aims to use blockchain technology to create a shared software database. According to the company, data management conducted using the public ledger can be applied to virtually any business process. "The biggest misconception is that we want to build stuff for banks. We're about providing developer tools for anyone and everyone to do whatever they want without our knowledge or consent," clarified Eris COO Preston Byrne. "We're an open-source company." Smart Contracts Using Blockchain Technology. The concept behind this was produced in an effort....
Eris Industries has just announced a strategic collaboration with the hardware service Ledger as a security partner. The alliance is said to bring more solutions to the Eris infrastructure and bring a “strong layer of security” to the development of the company’s enterprise blockchain service. Eris Industries believes the partnership between Ledger and....