The Morning Download: CIOs Build Open Source Bridge to BitcoinGood morning. A small but growing number of CIOs are incorporating bitcoin and other digital currency into their company’s IT infrastructure. Financial institutions such as Bank of New York Mellon Corp. and UBS AG are exploring bitcoin’s blockchain technology, the online ledger that records the identities of bitcoins and who holds them, CIO Journal’s Steven Norton Reports.
The gating factor for many CIOs, beyond common apprehensions about security, is how IT infrastructure must evolve, so that companies can use digital currencies. “It comes down to understanding and embracing more of an open source mentality when it comes to software, and really going to more of a service-oriented architecture that looks to utilize a lot more APIs and plug into a lot of different pieces,” said William Dennings, security chief at bitcoin startup Bitreserve. Incorporating bitcoin requires taking an increasingly service-oriented approach to network architecture in which a number of different applications talk to and provide services to each other. That open architecture has been a critical enabler of cloud computing and the broader “as-a-service” marketplace, as CIO Journal reports.
Is your company adopting digital currency? Leave a comment and let us know how it’s going.
Source: http://blogs.wsj.com/cio/2015/06/25/the-morning-download-cios-build-open-source-bridge-to-bitcoin/
