Chain Releases Open-Source Version of Chain Core Technology Powering Visa’s New B2B Connect
On October 21, 2016, Visa announced a new partnership with blockchain enterprise company Chain that will develop “a simple, fast and secure way to process B2B payments globally.” Dubbed Visa B2B Connect, the system will offer participating pilot financial institutions a consistent process for managing settlement through Visa’s standard practices. “The....
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Chain, the blockchain platform for enterprise solutions, has released Chain Core Developer Edition — open sourcing 30,000 lines of code. The Chain Core downloadable version is free for programmers and organizations to build blockchain-based prototypes. Chain Deploys 30,000 Lines of Open Source Blockchain Code. Devon Gundry and Adam Ludwin founded Chain....
Chain, a San Francisco-based Blockchain startup, launched the Chain Core Developer Edition, which is a distributed ledger infrastructure built for banks and financial institutions to utilize the Blockchain technology in mainstream finance. Similar to most cryptocurrency networks like Bitcoin, developers and users are allowed to run their applications and platforms on the Chain Core testnet, a test network sustained and supported by leading institutions including Microsoft and the Initiative for Cryptocurrency and Contracts (IC3), which is operated by Cornell University, UC Berkeley and....
It's surprising what worm-filled cans a new version of the bitcoin protocol will open. The core developers released a much-anticipated update to the core software - version 0.9.0 - last week. Now, a third-party developer group is already lobbying for change. Counterparty, a financial trading platform built on the bitcoin block chain, issued an open letter to the Bitcoin protocol's core developers last week, urging them to reconsider a key component of the protocol's latest release. That component is called OP_RETURN, and it is a new feature designed to allow people to store extra data in....
On Sunday afternoon’s lead-off keynote address at the Money 20/20 Conference in Las Vegas, Visa and Chain joined to collectively promote their new, blockchain-inspired payments platform, B2B Connect. Visa and Chain Use Blockchain for B2B Transactions. Leveraging benefits from shared infrastructural ledger technology, including global scale, transparency, and cryptographically-backed security, the Visa B2B Connect product is built on Chain’s proprietary Chain Core software. The product will go live with a pilot in early 2017, though successful tests have already been conducted. Vicky....
Visa is working on a blockchain-based solution for cross-border, business-to-business exchange called Visa B2B Connect. Cross-border payments between businesses is a complex market that is fraught with problems but is lucrative nonetheless, a potential that Visa seems eager to tap into. Visa Unveils its Collaborative Project. Visa, in collaboration with tech start-up, Chain Inc., unveiled the project on October 21, 2016. Chain, a startup that Visa happens to be an investor in, has also worked with Google, Salesforce, Microsoft, Square, and among others in the past. Visa B2B Connect seems....