12/31/2015 10:02:39 AM
Linux Foundation Creates New Open Source Initiative for Blockchain Technology
https://appdevelopermagazine.com/images/news_images/Linux-Foundation-BlockChain-App-Developer-Magazine_if6lf7ip.jpg
App Developer Magazine

Linux Foundation Creates New Open Source Initiative for Blockchain Technology



Stuart Parkerson Stuart Parkerson in Enterprise Thursday, December 31, 2015
20,430

The Linux Foundation has announced a new collaborative effort to advance blockchain technology, which is the backbone that powers Bitcoin transactions. The goal of the project is to develop an enterprise grade, open source distributed ledger framework to help developers build industry-specific applications, platforms and hardware systems to support business transactions.

Blockchain offers a digital technology for recording and verifying transactions, offering a distributed ledger that provides a permanent, secure tool to make it easier to create business networks without requiring a centralized point of control. With distributed ledgers, almost anything of value can be tracked and traded, as it has with Bitcoin.

Industry examples include allowing securities to be settled in minutes instead of days. The technology could also be used to help companies manage the flow of goods and related payments, enable manufacturers to share production logs with OEMs and allow regulators to reduce product recalls.

Early commitments to project include Accenture, ANZ Bank, Cisco, CLS, Credits, Deutsche Börse, Digital Asset Holdings, DTCC, Eris Industries, Fujitsu, IC3, IBM (NYSE: IBM), Intel, J.P. Morgan, London Stock Exchange Group, Mitsubishi UFJ Financial Group (MUFG), R3, State Street, SWIFT, VMware and Wells Fargo.

Many of these founding members are already investing research and development efforts to explore blockchain applications for specific industries. IBM intends to contribute tens of thousands of lines of its existing codebase and its corresponding intellectual property to the blockchain open source community. 

Digital Asset is contributing the Hyperledger mark, which will be used as the project name, as well as enterprise grade code and developer resources. R3 is contributing a new financial transaction architectural framework designed to specifically meet the requirements of its global bank members and other financial institutions. 

The collaboration is expected to help identify and address features, as well as currently missing requirements, to help create a cross-industry, open standard for distributed ledgers that can transform the way business transactions are conducted.

Read more: https://blockchain.linuxfoundation.org/

475 Tax Deductions for Businesses and Self-Employed Individuals

Are you paying more taxes than you have to as a developer or freelancer? The IRS is certainly not going to tell you about a deduction you failed to take, and your accountant is not likely to take the time to ask you about every deduction you’re entitled to. As former IRS Commissioner Mark Everson admitted, “If you don’t claim it, you don’t get it.

A hands-on guide to mastering mobile forensics for iOS and Android

Get hands-on experience in performing simple to complex mobile forensics techniques Retrieve and analyze data stored not only on mobile devices but also through the cloud and other connected mediums A practical guide to leveraging the power of mobile forensics on popular mobile platforms with lots of tips, tricks, and caveats.

The Latest Nerd Ranch Guide (3rd Edition) to Android Programming

Write and run code every step of the way, using Android Studio to create apps that integrate with other apps, download and display pictures from the web, play sounds, and more. Each chapter and app has been designed and tested to provide the knowledge and experience you need to get started in Android development.