Permissioned Blockchain Chain Open Standard 1 Goes Public
Blockchain providers are the center of attention these days, and Chain Inc. has released their Chain Open Standard 1. This initiative is an open source blockchain protocol developed by the provider itself, as well as several startups and financial services companies in the world. The primary goal of the Chain Open Standard 1 is to allow for high-scale....
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Cosmos becomes the first public blockchain to be added to the China-only version of the Blockchain-based Service Network. Tweeting on Monday, the Blockchain-based Service Network — China’s blockchain infrastructure project — announced that it had adapted Cosmos (ATOM) to its Chinese network. The Chinese BSN, unlike the international version, only supports permissioned enterprise blockchains.Thus, the Cosmos integrated to the Chinese-only BSN is an Open Permissioned Blockchain, or OPB, version called Wenchang Chain. The hybrid was developed by Chinese blockchain startup Bianjie which is....
Is every chain of blocks a blockchain? What is the fundamental difference between private and public networks? Some people think that permissioned distributed ledger technology can perform better than open blockchain because it is tweaked to address the issues of the latter. Such systems are also called “permissioned blockchain,” as if blockchain is a high-level concept and “permissioned” is one of its variants. But this statement is controversial and down below, you will come to understand why.Is “permissioned” decentralized?There are a lot of other options to choose from in DLTs:....
One major criticism on private Blockchain development initiatives led by banks and financial institutions has been the ambiguity in the coding language and structure of permissioned ledgers. The R3 Consortium is attempting to neutralize it by open sourcing its technology. R3 Corda, a private Blockchain platform specifically developed for financial establishments with massive transactional volumes by R3CEV, is officially rendered open source by the consortium after over 70 of its member financial institutions came to a consensus in setting a standard for the Blockchain technology. Vision....
Blockchain startup Chain is today releasing a new open-source, permissioned protocol built in collaboration with 10 financial and telecom firms. Partners on the project include an impressive list of major financial firms, such as Capital One, Citi, Fidelity, First Data, Fiserv, Mitsubishi UFJ, Nasdaq, Orange, State Street and Visa, all of which contributed to the technology, called the Chain Open Standard, or Chain OS 1. In interview, Chain CEO Adam Ludwin asserts the platform is tailor-made for high-scale financial applications, including securities clearing and payment processing. Long....
CasperLabs is building an open-permissioned blockchain protocol and will be a service provider to China’s Blockchain-based Service Network. On Friday, CasperLabs, a blockchain software firm, announced a partnership with China's Blockchain-based Service Network, or BSN. Through the agreement, which has been minted as a nonfungible token, or NFT, as a sign of commemoration, Casper Network will be added as the blockchain of choice to the Fuzhou City Chain for use in public and private crypto infrastructure developments in the region — dubbed "Fuzhou Chain powered by Casper." RockTree Capital,....