Leading global companies, from IBM , Intel and Microsoft to Nasdaq and DNB, are adopting new plans to benefit from the blockchain technology through streamlining their processes. They are seeking to upgrade the common state of their business and gain an edge against rivals. Hyperledger and Linux
It starts with Hyperledger, the open source project that was established in December by the Linux Foundation. It now has over forty companies signed on to use it including Accenture, JPMorgan , Fujitsu and VMWare.
Hyperledger has the backing of global innovation company, IBM, which believes that blockchain is a fundamental concept that will create an open body of companies that support driving market penetration in the same way Linux has.
Linux has the largest installed base of all general-purpose operating systems, because of the dominance of Android , and is also the leading operating system on servers and other big iron systems such as mainframe computers and virtually all the fastest supercomputers. IBM and Nasdaq
IBM is also working with the Japan Exchange Group (JPX) to jointly evaluate how the IBM open source blockchain code could be used for trading and settlement in low liquidity markets . The joint evaluation work will transition to use code produced by that effort, IBM noted in a statement.
Similarly, the US stock-market firm Nasdaq is working to give Estonian e-residents and Estonian citizens who are shareholders in firms listed on its Tallinn stock exchange an opportunity to vote securely online in shareholder meetings using its blockchain technology, based on the distributed public ledger that underpins Bitcoin transactions , to record votes quickly and securely.
This is part of Nasdaq’s plans to test blockchain technology as an alternative to other traditional processes to expedite trade settlements for transactions in public markets. Intel
Technology company Intel believes that a lot […]
