[2015-12-17] CD: IBM Creates Open-Source Blockchain With Linux and Big Banks

[LiteCoinGuy]

IBM Creates Open-Source Blockchain With Linux and Big Banks

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.

http://www.coindesk.com/ibm-launches-open-source-blockchain-project-backed-by-linux-and-big-banks/



Competition in the "permissioned" blockchain space. 

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[Falmant]

There is no detail in the report about the open-source blockchain. I wonder if there is much difference from bitcoin blockchain.

[aigeezer]

The Open Source angle is cute. I paraphrase it as "you can see exactly how we make our insider secrets, you just can't see the secrets themselves."

I don't think centralized decentralization will catch on, but you never know until you try, and the GovBankCorp players don't really have a lot of choices at this point.

The same CD issue had another similar story about a centralized blockchain from a Big Name bank consortium. They're certainly a long way from ignoring BTC-world now and, looking back, it all happened pretty quickly.

Mate in nine.