Open Ledger Project : blockchain alternative
IBM, Cisco, Intel and some financial organisations are working on an alternative for the blockchain. The purpose is however not (yet?) to come up with an alternative cryptocurrency for bitcoin, but to build a blockchain-like technology that can bring a new level of automation and transparency to a wide range of services in the business world, including stock exchanges and other financial markets.
It has been a while that IBM has been working on blockchain-inspired software to deal with digital “Smart” contracts .
IBM is now going to release the code it has developed together with Digital Asset Holdings (DAH), a company that develops software for designing blockchain-technology (#Hyperledge).
The Linux Foundation oversees the Open Ledger Project.
Wired : Tech and Banking Giants Ditch Bitcoin for Their Own Blockchain
Fortune: IBM, J.P. Morgan, and Others Build a New Blockchain For Business
Original article appeared in WSJ: (but #paywall)
Over the past year, IBM researchers have been developing their own version of blockchain, which the company said could be used to create secure online contracts. Mr. Krishna isn’t sure who, if anyone, would embrace a project the company so far regards as experimental