IBM Creates Open-Source Blockchain With Linux and Big Banks
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....
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Bitcoin has won a Linux award at CeBIT 2014 - Europe's premier tech trade show. The award was handed out at the Linux New Media Awards 2014, where bitcoin was named the 'most innovative open-source project'. The open-minded, open-source community behind Linux has a soft spot for innovation, encryption and apparently privacy. In addition to bitcoin, the audience also decided to hand out further awards to email encryptor GnuPG and the Tor project, along with developers' tool Git. Most innovative of them all. Thousands of Linux enthusiasts and readers of leading Linux publications took part....
Microsoft has launched another anti-open source software campaign in the last few weeks, targeting prominent Linux and free software companies. They’re attempting to limit open-source development with buy-outs, patent trolling, and charging royalties for products that use Linux. Their recent efforts have them grabbing up patents for open source technology including software developed by Canonical, publishers of the most popular Linux distribution, Ubuntu. Microsoft’s History of Open Source Attacks. This isn’t the first time Microsoft has used this methodology to try and hamper innovation....
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....
The Linux Foundation released a white paper titled “A $5 Billion Value: Estimating the Total Development Cost of Linux Foundation’s Collaborative Projects,” which estimates the value of the open source Linux code (and its collaborations) to be worth US$5 billion. Open source has come a long way in recent times. Since 2008, the organization has injected new innovative standards into the technology market. The latest paper, published on September 30, is co-authored by Linux Software Engineer, Jeff Licquia, and Chief Marketing Officer, Amanda McPherson. It analyzes this propagation of open....
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....