Blockchains and FOSS
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Open-Source Platform Lets Users Build Their Own Blockchain in Under 10 Min
An out-of-the-box solution says it enables anyone, even with no experience, to build their own blockchain in under 10 minutes.
According to Nuls, businesses are going through a similar evolution as they did with the early internet, when every company wanted their own website: They now want their own blockchain. And although these firms may not fully understand how to deploy blockchain technology, they are aware of how their business may benefit from it.
Nuls aims is to “dismantle some of the biggest barriers” that are stopping individuals and companies of all sizes from creating their own blockchains. Hurdles for adoption include the need to ensure that networks are fully secure and the sheer cost of bringing them to fruition. On top of this, it can be an incredibly time-consuming process — not least because there aren’t enough skilled developers to keep on top of demand. -
Open-Source Tool Lets Anyone Experiment With Cryptocurrency Blockchains
Blockchain technology records information to a ledger shared between thousands of nodes. In the technology’s purest form, those nodes are not controlled by any central authority, and information cannot be changed once written to the ledger. Because of the security and autonomy this technology offers (in theory at least), blockchains now underpin many popular cryptocurrencies such as Bitcoin.
But as Kazuyuki Shudo, an associate professor at the Tokyo Institute of Technology, points out, "It has been nearly impossible to test improvements on real-world blockchain networks, because that would mean having to update the software of all the thousands of nodes on a network."
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Blockchain founders raised $822m by Q2 – with enterprises focused on open source
According to the latest State of Blockchains report from Outlier Ventures, blockchain startups raised $822 million by Q2 – but the ecosystem continues to lag behind the 2017 and early 2018 peak.
$822m was raised across 279 deals over the second quarter of 2019, with more than half of them being seed stage deals indicating continued fresh talent into the space.
Yet while the numbers may be lower, the scope is much more advanced – particularly with how enterprises are associating with the technology.
The report explores case studies which will be familiar to readers of this publication. Last month The Block reported that retailer Target had posted a job advert for a blockchain engineer, with the right candidate being able to contribute to ConsenSource, a certificate registry blockchain application based on Hyperledger Sawtooth. The company’s interest in blockchain has been noted, working with agribusiness provider Cargill on a Hyperledger-built project around the supply chain.
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The Block spoke with Burke at the Blockchain Expo Global event in London around the data and platform monopolies which exist today.
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