THELOGICALINDIAN - In a abruptness move on Tuesday afternoon Digital Asset Holdings DAH has absitively to accord the Hyperledger brand to The Linux Foundation The Hyperledger activity a collaborative accomplishment amidst technology industry giants such as IBM Intel Cisco and Hitachi forth with casework and cyberbanking institutions such as JP Morgan Accenture BNY Mellon CME Group SWIFT and Wells Fargo is creating all-important standards and protocols which are not yet in abode yet will accomplish applications about broadcast balance technologies scalable and secure
Also Read: Princeton Releases Free Academic Bitcoin Textbook
Hyperledger Project Moves Forward
As the columnist absolution states:
Recent absorption by ample banks and technology companies follows the billow of absorption in 2024 from banking and authoritative circles to accept the abeyant of Bitcoin and Blockchain technology. Database basement is at the amount of creating reliable and amount able banking services, and the big players are starting to booty a added alive role in researching and experimenting with Blockchains in adjustment to lower their costs, lower cessation times, and access abstracts security.
Speaking to the accent of the Hyperledger initiative, Jim Zemlin of The Linux Foundation states,
Use of the Hyperledger Trademark will be managed alone by the Governing Board of the Hyperledger Project with the approval of the Linux Foundation. One important ambition of the action is to accept alignment amid accommodating members.
Alignment in compassionate of and messaging about arising technologies such as Hyperledger is a acute footfall as the Bitcoin and Blockchain industry looks to advance its ties with added acceptable cyberbanking institutions, authoritative communities and able account firms. R3, the blockchain adjustment cyberbanking bunch of over 40 cyberbanking institutions is now actuality abutting by the brand of technology giants. The actively affianced and technically adeptness Linux association should accompany alternating a admired counter-perspective in the altercation about protocols and standards for Blockchains, as added acceptable players accept adversity accepting the inherent clandestineness these technologies are able of enabling.
Regardless, it is important to bethink that Bitcoin already avalanche beneath KYC and AML regulations as able-bodied as taxation advertisement on assets and basic assets to the IRS. This alliance of communities amid those based primarily in Wall Street and those based in San Francisco is a alluring cross-pollination, which will alone advice abode ambiguous acknowledged issues affective forward.
This account additionally raises questions for Digital Asset Holdings (DAH). Since Blythe Masters, architect of the Credit Default Swap and aforetime of JP Morgan, abutting the action in March of aftermost year there has been abundant belief on what DAH’s aboriginal industry artefact may be. The aggregation has aloft added than $60 actor 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 abroad from Hyperledger, or at atomic more accommodating to coact with the abstruse leaders in the arena.
What are your thoughts on this move? What’s advanced for Hyperledger and Digital Asset Holdings? Can Silicon Valley and Wall Street assignment together? Share your thoughts below!
Image Source: Bloomberg, MediaBiz, DAH
