Chain Releases Open Source Blockchain Solution for Banks
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....
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Storing educational credentials on a distributed ledger in a transparent manner makes a lot of sense. MIT Media Lab and Learning Machine has done exactly that, allowing individuals to share digital proof of their education and employment. It is always positive to see an open-source blockchain solution being used for this type of purpose. Creating,....
R3’s blockchain software Corda, the product of the New York-based startup’s Concord project that aims to develop banking solutions overseen by 70 of the world’s biggest banks participating in the R3-led consortium, will go open source, via the Linux Foundation-led Hyperledger Project. R3 is spearheading what is arguably the biggest private blockchain effort, with several of world’s biggest banks, technological companies and other financial services companies taking part in its consortium. The startup’s Corda initiative – the blockchain solution software which is seen as its product to....
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....
Tech giant Microsoft has partnered with startups Blockstack Labs and ConsenSys to build an open-source identity platform aimed at integrating the bitcoin and Ethereum blockchains. The project seeks to build a platform for cross-blockchain identity across multiple distributed systems. An early version of the identity solution is expected to be available by the end of this summer. In a blog post published today, Microsoft global business strategist York Rhodes wrote that in the coming weeks Microsoft will launch an open source framework on Azure, where developers can build their own identity....