Sunday, December 27, 2015

Open Ledger Project, a Blockchain's Open-Source Project Spearheaded by IBM

Making Block-Chain Ready for Business

IBM is already known for its huge commitment on supporting open source innovation and collaboration.

Together with the Linux Foundation, a nonprofit organization enabling mass innovation through open source, IBM is launching an initiative that could follow a similar trajectory than the Linux operating system. It’s announcing an open source project to fulfill the tremendous potential of the block-chain, called the Open Ledger Project.

Other early commitments to this project have come from Accenture, ANZ Bank, Cisco, Credits, Deutsche Börse, Digital Asset Holdings, DTCC, Fujitsu, IC3, Intel, J.P. Morgan, London Stock Exchange Group, Mitsubishi UFJ Financial Group, R3 CEV, State Street, SWIFT, VMware and Wells Fargo.

While the Open Ledger Project already has some of the best names in the financial and technology space supporting it, as of now the real contribution is being made by IBM and Digital Asset Management, a startup led by former JP Morgan exec Blythe Masters.

With great scope packed in block-chain technology, the Open Ledger Project is sure to come up with some great innovations in the times to come. The cohort is power-backed and is well-equipped to deliver equally powerful business solutions by working on the block-chain technology.

Source: The Linux Foundation | Image via &