IBM is Developing an Open-Source Blockchain with Tech and Banking Giants
IBM is heading an open source project called the "Open Ledger Project" that is overseen by the Linux Foundation and includes major tech and banking giants. In essence, the Open Ledger Project will ostensibly lead to the creation of a pseudo-private(?) but open-source ledger that is likely to have applications beyond its participants, according to reports. Although details are currently limited to reports by WIRED, Fortune and Bloomberg, IBM has laid the foundation for a new open-source blockchain with the Open Ledger Project that is supported by the likes of Intel and Cisco in the tech....
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A group of top tech and finance companies including IBM, Wells Fargo and the London Stock Exchange Group, are joining forces to develop a new open source blockchain separated from the Bitcoin blockchain, Bloomberg Business reports. The group will work with the Linux Foundation to create a public network that lets blockchain applications built on top of it communicate with each other. The open-source software will enable others to transform the way business transactions are conducted, according to a statement released by the Linux Foundation. The statement, not yet available in the open at....
Linux Foundation, the technology non-profit organization responsible for one of the largest open source projects in the tech sphere till date is now going to collaborate with technology and banking giants to work on yet another open source technology. The new technology in question is Blockchain technology, the technology powering bitcoin and a lot of other cryptocurrencies enabling transactions across the network. According to a release on PasteBin – a widely used text storage application on the internet, Linux Foundation will be collaborating with a long list of companies to create....
With so much R&D ongoing in the blockchain sector, it's hard for any new tech to separate from the pack. In addition to the sheer volume of designs for these new types of financial databases, separating the interesting ideas often requires ample peer review, testing and time. Still, this messy process hasn't stopped tech giants like IBM and JP Morgan from conducting work that rivals the more well-known open-source creations like bitcoin and ethereum in aim and ambition. While these contributions are grabbing headlines, however, praise across both open-source and enterprise communities....
As global banks are increasingly experimenting with the blockchain to search for possible use-cases that they can implement in its existing banking systems, CoinTelegraph has compiled a list of some of the most notable banking giants experimenting with Bitcoin’s underlying technology. Some of the world’s most prominent banks including Citibank are even trying to create their own blockchain to facilitate transactions and settlements quickly. The following list will explore which big banks are closely studying and developing interesting use-cases for the blockchain. Santander Bank, the....
Tech giant IBM has launched an open-source blockchain along with the support of financial incumbents including JP Morgan, the London Stock Exchange and Wells Fargo as well as tech specialists such as Cisco and Intel. Reports by Wired and Fortune indicate that IBM was the leader in creating what will be called the Open Ledger Project, an alternative blockchain system to be overseen by the Linux Foundation, the nonprofit consortium that runs the open-source operating system. The Open Ledger Project is described as a development library that will allow businesses to build custom distributed....