In Milestone Release, Chain Open-Sources its Blockchain Tech

By October 24, 2016Bitcoin Business

"We’re going to have to have a tremendous amount of support." Somewhere in the middle of a Las Vegas sports bar, Adam Ludwin finally explains why he’s been talking about spending $10,000 on a Slack channel. Two years after starting as a bitcoin API provider , pivoting to focus on enterprise blockchains and fighting for partners against the likes of R3CEV , the CEO of blockchain startup Chain is ready to make his big move. On Monday, Chain is officially open-sourcing its blockchain platform, Chain Protocol, at Money2020, at which point the technology the startup has built with select partners (and first announced as ChainOS ) will be freely available to developers worldwide to download and install. The release further coincides with the unveiling of extensive new resources for developers, offerings that filled Ludwin with a enthusiasm as he scrolled through page after page of a 100-page specification and 24-page white paper . (For a time, the only thing longer as the pages fly by seems to be the pennant drought the Chicago Cubs are poised to break on the TV behind him). But if Ludwin succeeds on his vision, he believes the release of Chain Protocol could be just as big a part of history. Indeed, he went so far as to call the release the "biggest yet" for the company, one that he hopes will drive blockchain adoption among financial firms globally. Ludwin told CoinDesk: "I don’t want to be a gatekeeper. I want people to go from PowerPoint to pilot. Now most banks will say, ‘Yes we’re doing something’. What are they doing? They have a strategy in a PowerPoint and they’re trying to figure out how to build it." In this way, Ludwin sees this release of 30,000 lines of code as one that will […]

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