• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
Bitcoinist.com
No Result
View All Result
Nexo

Digital Asset Holdings Donates “Hyperledger” Name to Linux Foundation

Ryan Strauss by Ryan Strauss
6 years ago
in Bitcoin Acceptance, Bitcoin Breaking News Brief, Bitcoin Businesses, Bitcoin Community, Bitcoin Technology, Blockchain, Breaking News, News, News teaser, Technology
0
Advertisement

In a surprise move on Tuesday afternoon, Digital Asset Holdings (DAH) has decided to donate the Hyperledger trademark to The Linux Foundation. The Hyperledger project, a collaborative effort amongst technology industry giants such as IBM, Intel, Cisco, and Hitachi, along with services and banking institutions such as JP Morgan, Accenture, BNY Mellon, CME Group, SWIFT, and Wells Fargo, is creating necessary standards and protocols, which are not yet in place yet will make applications around distributed ledger technologies scalable and secure.

Also Read: Princeton Releases Free Academic Bitcoin Textbook

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

DAH LogoHyperledger Project Moves Forward

As the press release states:

“By creating a cross-industry open standard for distributed ledgers, virtually any digital exchange with value, such as real estate contracts, energy trades, marriage licenses, can securely and cost-effectively be tracked and traded.”

Recent interest by large banks and technology companies follows the surge of interest in 2015 from financial and regulatory circles to understand the potential of Bitcoin and Blockchain technology. Database infrastructure is at the core of creating reliable and cost efficient financial services, and the big players are starting to take a more active role in researching and experimenting with Blockchains in order to lower their costs, lower latency times, and increase data security.

Speaking to the importance of the Hyperledger initiative, Jim Zemlin of The Linux Foundation states,

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

“The Hyperledger Project has ramped up incredibly fast, a testament to how much pent-up interest, potential and enterprise demand there is for a cross-industry open standard for distributed ledgers.”

Use of the Hyperledger Trademark will be managed exclusively by the Governing Board of the Hyperledger Project with the approval of the Linux Foundation. One important goal of the initiative is to have alignment among participating members.

Alignment in understanding of and messaging about emerging technologies such as Hyperledger is a crucial step as the Bitcoin and Blockchain industry looks to improve its ties with more traditional financial institutions, regulatory communities and professional service firms. R3, the blockchain settlement banking consortium of over 40 financial institutions is now being joined by the likes of technology giants. The actively engaged and technically savvy Linux community should bring forth a valuable counter-perspective in the discussion around protocols and standards for Blockchains, as more traditional players have difficulty accepting the inherent secrecy these technologies are capable of enabling.

Regardless, it is important to remember that Bitcoin already falls under KYC and AML regulations as well as taxation reporting on income and capital gains to the IRS. This marriage of communities between those based primarily in Wall Street and those based in San Francisco is a fascinating cross-pollination, which will only help address uncertain legal issues moving forward.

Blythe Masters PanelThis news also raises questions for Digital Asset Holdings (DAH). Since Blythe Masters, creator of the Credit Default Swap and formerly of JP Morgan, joined the initiative in March of last year there has been great speculation on what DAH’s first industry product may be. The company has raised more than $60 million from over 13 investors including Goldman Sachs, JPMorgan Chase & Co, Citigroup Inc, BNP Paribas SA, CME Group Inc and Accenture. Perhaps, it appears, DAH may be transitioning away from Hyperledger, or at least increasingly willing to collaborate with the technological leaders in the arena.

What are your thoughts on this move? What’s ahead for Hyperledger and Digital Asset Holdings? Can Silicon Valley and Wall Street work together? Share your thoughts below!


Image Source: Bloomberg, MediaBiz, DAH

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Ryan Strauss

Ryan Strauss

Ryan Strauss is an avid writer and Bitcoin fanatic who has been involved with the cryptocurrency space since 2012. A 'crypto-industrialist', Ryan is also the author of #100DaysOfBlogging. Follow on Medium.com/@ryanstr.

Related Posts

Cryptoqueen

‘Cryptoqueen’ Has A $100,000 Bounty On Her Head Offered By The FBI

13 hours ago
FTX Robinhood

Breaking: FTX Exploring Ways To Purchase Robinhood

4 days ago
Three Arrows

Three Arrows Capital Gets Notice Of Default On $660 Million Voyager Loan

4 days ago
Morgan Creek

Morgan Creek Said To Be In Bid To Secure $250-M To Counter FTX BlockFi Bailout

4 days ago
Harmony

Harmony Dangles $1M Reward For Return Of $100M Stolen Funds – Is It Enough?

5 days ago
Ripple

Ripple To Hire 50 Engineers For Its New Crypto Hub In Canada

6 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.