IBM Talks Open Ledger Project, Bright Future for Blockchain
When IBM, one of the largest technology firms in the world, generating nearly $100bn in 2014 revenue, announced it was interested in blockchain technology, the wider world took notice. IBM revealed it would lend its support to the Open Ledger Project this December, an announcement that was followed by a wave of popular press proclaiming that the initiative would become a new blockchain for business, one perhaps better suited to enterprises than alternatives like bitcoin. Organized under the umbrella of the Linux Foundation, the Open Ledger Project attracted banks, financial institutions,....
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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....
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....
In a major blow to the Bitcoin blockchain, leading financial and technological giants including IBM, Intel, Cisco, JPMorgan, Wells Fargo, London Stock Exchange (LSE) Group, and State Street have come together to create their own open-source blockchain. According to a highly extensive report on Wired.com, the open source project will aim to replicate a blockchain-like technology that can bring a new level of automation and transparency to a wide range of services, beyond its current use as a ledger for Bitcoin transactions. Jerry Cuomo, vice-president and chief technology officer of IBM's....
This concept by Sony Global Education has the potential to shape a bright future for education in general. More collaboration is on the horizon as well, as this open yet secure infrastructure can draw a lot of educational institutions to this network. The blockchain can be used to suit various needs, and companies like Sony are exploring how it can benefit some of their own internal projects. By using distributed ledger technology for the open sharing of progress records and academic proficiency, the way we think about education might be coming to a change very soon. Sony Global Education....
Seeking to emulate major, successful open-source projects outside the blockchain space, the Hyperledger Project is an ambitious attempt to unite key stakeholders seeking to leverage the emerging technology. Announced in December, the project is being led by the Linux Foundation, the trade association that oversees the development of the open-source Linux operating system. Initially called Open Ledger Project and later renamed, the effort includes the support of some 30 firms, including Cisco, Intel, JP Morgan, the London Stock Exchange and Wells Fargo. As described on its official website,....