OpenLedger and Emercoin Partner to Create ‘New Synergies’

The Bitshares 2.0 platform OpenLedger has announced its latest partnership with Emercoin to create “new synergies” within the blockchain-based service space. The two companies want to provide an array of new concepts to the cryptocurrency and distributed ledger landscape believing each platform can better the technologies. Jason Cassidy, Chief Communications Officer at Emercoin, is thrilled about joining forces stating:

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‘OpenLedger represents the future of not only digital currency trading but all digital assets. As blockchain technology blossoms there will be many more layers of innovation coming to the market and we feel the OpenLedger platform is a great example of this. Users will be able to interact with Emercoin (EMC) in many new, creative ways.’ — Jason Cassidy, Emercoin

Emercoin and OpenLedger collaborating means both services can offer new features and “bring the world a new type of trading experience.” New synergies include:

• Create their own currency as a User Issued Asset (UIA)
• Collateralise a new coin by creating a Market Pegged Asset (MPA). This allows a physical commodity (such as gold) to back the underlying value of the currency
• Deploy their own real-time blockchain using OpenLedger

As well as adding each team’s innovations OpenLedger says they are looking into implementing Emercoin’s blockchain-based services within the Bitshares platform. Emercoin has recently made headlines for working with the Microsoft Azure BaaS project. The Danish registrar for OpenLedger, Ronny Boesing, CEO of CCEDK exchange says, “We are excited at the possibility of being able to integrate Emercoin’s suite of tools and services into the OpenLedger platform. — Emercoin representatives will be introduced to the BitShares Community in one of coming Beyond Bitcoin weekly hangouts on Mumble, offering the community and guests a close-up opportunity to evaluate and vote on what EMC services could be brought on board and in what fashion. Services like EMC SSL have solid potential to increase the security, stability and ease of use of the OpenLedger platform, for example.” The partnership will provide insight to both companies on the technologies they offer such as Market Pegged Assets (MPA), SmartCoins, and the creation of a permissioned blockchains. Ronny Boesing told the Bitcoinist over Skype:

“With today’s announcement of Emercoin joining OpenLedger I feel it is a great new day of innovation and a day where we might already have caught a glimpse of what Openledger will be looking like in the near future. I feel personally overwhelmed by the interest in many fresh and highly professional currencies showing interest to join the platform, and expect the world to see much more to come. Wouldn’t it just be great if we all met on OpenLedger exchanging not only crypto but also ideas for progress making it a win-win situation for all.” — Ronny Boesing, CEO of CCEDK 

Boesing says for a limited time from February 8-18th all Emercoin users who sign up with OpenLedger will receive ten free Obits. Obits are the native currency of the OpenLedger network and the coin had “the first successful buyback took place on 2nd February with the result that some 49,800 OBITS were burned, equivalent to 13 BTC.” Both teams say they are excited to offer each other new ways to improve their already solidified networks and look forward to growing the partnership.

What do you think of the OpenLedger and Emercoin partnership? Let us know in the comments below.

Disclosure: Bitcoinist is not affiliated with any of the above-mentioned companies

Images courtesy of OpenLedger & Emercoin websites, and Shutterstock