[2015-12-22] Linux Foundation Unveils Blockchain, an Open Source...

[elyas772]

The Linux Foundation has partnered with twenty companies on a major collaborative project called Blockchain, which aims to build an open source distributed ledger system and enable Bitcoin-like transactions for the business world at large.

Distributed ledgers are databases that keep track of transactions without the control of a central authority. Instead, they rely on peer-to-peer networks to distribute public records of the transactions. That way, it's clear who owns what without the need for centralized regulation.

http://thevarguy.com/open-source-application-software-companies/linux-foundation-unveils-blockchain-open-source-distribut

[jaydipmodhwadia]

So is this like another bitcoin-core for linux users then (one where it doesnt have to be always maintained?)

[elyas772]

So is this like another bitcoin-core for linux users then (one where it doesnt have to be always maintained?)

Im not sure this is other bitcoin
i think this is only "blockchain service" from linux foundation...

and this is for bussines

[cr1776]

Somewhat sparse on details, but if the distributed ledger is shared between those 20 institutions then it is not all that distributed.  If it is to be distributed outside those 20 to businesses at large, there should be some value there to protect this blockchain, otherwise it will be much more vulnerable to attack.  Piggybacking on bitcoin (or alt coin that has value) makes more sense.