Exclusive: Jeff Garzik’s Stealthy Ploy To Get Bitcoin Onto Private Blockchains
Longtime Bitcoin core developer Jeff Garzik acknowledges Bitcoins’ branding problem. “The bitcoin name, in terms of marketing, is something that larger institutions are somewhat reluctant to deal with, related to the history with Mt Gox and Silk Road, most notably.” Garzik bemoans how this reputation follows the word Bitcoin. Luckily, it doesn’t follow the technology. And, that’s how he plans on getting some of the largest multinational firms in the world to adopt not only blockchain technology, but Bitcoin as well. “It’s a very simple psychological trick: you switch out ‘Bitcoin’ for....
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Many people argue that private blockchains, run by private firms, are useless, since they make users dependent upon a third party ‒ the firm managing the blockchain. Many believe that private blockchains currently being considered are not blockchains, but rather, distributed ledger technology which has already existed. Others believe private blockchains could provide solutions to many financial enterprise problems that Bitcoin does not, such as abiding by regulations such as the Health Insurance Portability and Accountability Act (HIPAA), anti-money laundering (AML) and know-your-customer....
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....
The idea that bitcoin's underlying distributed ledger technology can somehow be divorced from bitcoin's digital currency has been the subject of debate for some time, and was again the focus of a new article written by directors at technology consulting firm Accenture. In a new post for CIO Journal, Accenture managing directors Owen Jeff and Sigrid Seibold offered their thoughts on how institutions can begin leveraging the technology in "corporate environments" and "financial marketplaces". Jeff and Sigrid asserted that, due to the high cost of paying for transactions that require....
Former Bitcoin Core developer and cryptographer Jeff Garzik has officially been appointed as a board member of the Linux Foundation, joining executives from multi-billion dollar companies including Intel, Panasonic, Cisco, and Qualcomm, in order to promote the collaborative development of Blockchain. Currently, Garzik serves as the only board member of the Linux Foundation qualified to be considered as an expert within the field of Bitcoin and Blockchain. Garzik has made significant contributions to the field, leading the creation of popular repositories, including that of a Python miner....
While distributed ledger technology continues to gain momentum among the world's financial institutions, the potential and viability of bitcoin is still being largely dismissed by the same parties. Avid bitcoin supporters believe that using a private blockchain would inevitably result in a centralised system - a world away from bitcoin's decentralised, trustless protocol. However, according to bitcoin mining firm BitFury's latest white paper - written in collaboration with developer Jeff Garzik - permissioned and permissionless blockchains are compatible and can be interconnected. Many....