Linux Foundation to Develop Hyperledger along with Others
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....
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In December Bitcoin Magazine reported that a group of top tech and finance companies are joining forces with the Linux Foundation to develop a new open source blockchain separated from the Bitcoin blockchain. Digital Asset Holdings, the fintech startup headed by the financial superstar Blythe Masters, contributed its Hyperledger mark. Last week, IBM started to reveal some details of its blockchain projects and strategy. John Wolpert, IBM’s blockchain offering director, said that Hyperledger code will become an open source industry standard, and developers will be able to build applications....
In a surprise move on Tuesday afternoon, Digital Asset Holdings (DAH) has decided to donate the Hyperledger trademark to The Linux Foundation. The Hyperledger project, a collaborative effort amongst technology industry giants such as IBM, Intel, Cisco, and Hitachi, along with services and banking institutions such as JP Morgan, Accenture, BNY Mellon, CME Group, SWIFT, and Wells Fargo, is creating necessary standards and protocols, which are not yet in place yet will make applications around distributed ledger technologies scalable and secure. As the press release states:
Hyperledger, a cross-industry collaborative effort started by the Linux Foundation and joined by many banks, giant tech companies, blockchain specific companies and others, with the aim of developing an open source protocol for private blockchain use, has extended its hand to the public blockchain community in what appears to be an offer of partnership and closer collaboration. Brian Behlendorf, Executive Director of Hyperledger, who was a primary developer of the Apache Web Server, a founding member of the Apache Software Foundation and serves on the board of Mozilla Foundation and....
The Linux Foundation is setting its sights on the blockchain target with its latest move to push the Hyperledger project. The program is a collaborative effort “created to advance blockchain technology,” and is an effort backed by Blythe Masters’ Digital Asset Holdings. Just recently Masters’ company donated the Hyperledger trademark and it moved to the....
Jeff Garzik, CEO and co-founder of Bloq, has been appointed as the organization’s representative on the Linux Foundation’s Board of Directors. Garzik Providing Linux Foundation With Bitcoin Technology Expertise. Garzik, formerly a 10-year employee at Red Hat, brings a wealth of Bitcoin Core development experience back to the leading open-source software development foundation. The Linux Foundation is spearheading a conglomerate of organizations involved with the Hyperledger Project, of which Bloq is a member. Garzik’s presence on the Linux Foundation’s board should hopefully help to bridge....