Another Day, Another Altchain, The Linux Foundation To Oversee Open Ledger Project | dinbits


More banks and more companies have made more announcements that they intend to build more atlchains (alternative blockchains). This particular one will be overseen by the Linux Foundation and they are calling it the Open Ledger Project and it will join a thousand other networks like it. 

“The current blockchain is a great design pattern,” says Jerry Cuomo, vice president and chief technology officer of IBM’s software group. “Now, how do we make that real for business? What are the key attributes needed to make that happen? That’s what this organization is about.”

That above quote according to Wired and a question that many would answer with "you can start by not doing this". At least the in reference to the key attribute since it would appear that sidchain technology would be more beneficial.

In additional to the Linux Foundation, the organizations involved include Fujitsu, VMware, Mitsubishi UFJ Financial Group, SWIFT, IBM, Intel, Cisco, the London Stock Exchange Group, JP Morgan, Wells Fargo, and State Street. 

2016 may be the return of a few years ago when we saw a new Alt pop up just about every day.







Article by dinbits


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