Turbotodd

Ruminations on tech, the digital media, and some golf thrown in for good measure.

Another Blockchain

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The New York Times reported late yesterday that some 30 companies, including Microsoft and JP Morgan Chase, are “joining forces to create a new kind of computing system based on the virtual currency network Ethereum.”

The new organization, a nonprofit, is part of a broader movement to harness the technological concept known as the “blockchain.”

Blockchains are distributed databases that maintain a continuously growing list of ordered records, called blocks. They offer a means for unrelated computers and companies to simultaneously collect and store information without relying on a central authority.

IBM has, in a separate effort, made a big push into the blockchain business, writes the Times, as well as leading a separate collaborative project known as the Hyperledger Foundation.

The Hyperledger project is an open-source collaborative effort created to advance cross-industry blockchain technologies.

You can learn more about IBM’s blockchain efforts here.

Written by turbotodd

February 28, 2017 at 9:28 am

Posted in 2017, blockchain, ethereum, ibm

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