Keeping the Blockchain Open in the Shadow of Tech Giants
Embrace, Extend, Extinguish. Sounds like the slogan from an evil comic-book organization like Hydra, or the League of Shadows. In reality, it’s the oft-cited business mantra of Microsoft, with regards to how they handle emerging competitors and open source technologies. You’ll find it parroted most in the open source community, particularly when Microsoft pulls stunts like their recent “partnering” with canonical to implement an Ubuntu-like Posix environment in Windows Ten. The phrase originates from the DOJ’s findings during the United States v. Microsoft Corp. antitrust case in 2003, as....
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IBM is heading an open source project called the "Open Ledger Project" that is overseen by the Linux Foundation and includes major tech and banking giants. In essence, the Open Ledger Project will ostensibly lead to the creation of a pseudo-private(?) but open-source ledger that is likely to have applications beyond its participants, according to reports. Although details are currently limited to reports by WIRED, Fortune and Bloomberg, IBM has laid the foundation for a new open-source blockchain with the Open Ledger Project that is supported by the likes of Intel and Cisco in the tech....
With so much R&D ongoing in the blockchain sector, it's hard for any new tech to separate from the pack. In addition to the sheer volume of designs for these new types of financial databases, separating the interesting ideas often requires ample peer review, testing and time. Still, this messy process hasn't stopped tech giants like IBM and JP Morgan from conducting work that rivals the more well-known open-source creations like bitcoin and ethereum in aim and ambition. While these contributions are grabbing headlines, however, praise across both open-source and enterprise communities....
A group of top tech and finance companies including IBM, Wells Fargo and the London Stock Exchange Group, are joining forces to develop a new open source blockchain separated from the Bitcoin blockchain, Bloomberg Business reports. The group will work with the Linux Foundation to create a public network that lets blockchain applications built on top of it communicate with each other. The open-source software will enable others to transform the way business transactions are conducted, according to a statement released by the Linux Foundation. The statement, not yet available in the open at....
Linux Foundation, the technology non-profit organization responsible for one of the largest open source projects in the tech sphere till date is now going to collaborate with technology and banking giants to work on yet another open source technology. The new technology in question is Blockchain technology, the technology powering bitcoin and a lot of other cryptocurrencies enabling transactions across the network. According to a release on PasteBin – a widely used text storage application on the internet, Linux Foundation will be collaborating with a long list of companies to create....
Tech giants such as Microsoft (NASDAQ: MSFT) and IBM (NYSE: IBM) have been making substantial investments into the blockchain and decentralized finance (DeFi) space. These Big Tech firms realize that the future of finance and business holds key opportunities that they can’t afford to leave behind because the global economy will be established around them. […]