| | DECEMBER 2nd, 2016
“Our wretched species is so made that those who walk on the well-trodden path always throw stones at those who are showing a new road.” – Voltaire
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R3’s release of the code of distributed ledger Corda has provoked mixed reactions.
Some see it as a gambit to crowdsource improvements and then make money selling consulting services. Others argue that the release constitutes a first step towards establishing an industry standard on which to build.
Developer interest has been strong: within two hours of releasing the code, R3 was receiving contributions. Not all sector participants are impressed, however, although even the skeptics recognize that just getting banks together to discuss an open source solution is a step forward. (Read the full story).
Wait, there's more:
· Patent application. Cryptocurrency exchange Coinbase is seeking a patent for a bitcoin key security system, which aims to keep private keys secure while still allowing the users to make payments from their wallets. Read more.
· Closing doors. In response to “regulatory pressure”, Bulgaria-based P2P bitcoin lending platform BitLendingClub has announced that it is shutting down. The firm said that it would disable loan requests as early as next week, and completely unwind mid-2017. Read more.
· Oops. Ethereum hard forked again over Thanksgiving, only this time unintentionally. The split was the result of different implementations of the protocol, and the resulting fallout has affected the price, bringing it down to its lowest level since April. Read more.
· Listen up. The central bank of Finland recently held a blockchain event in partnership with the Ministry of Finance, with the aim of discussing “a common view and strategy” for the technology. Attendees included regulators, academics and businesses. Read more.
· Behave. Digital currency advocates in Australia have launched the Digital Currency Industry Code of Conduct, to promote self-regulation in the technology space. The focus is on consumer safety and outreach, following recommendations included in a 2015 report from the Australian Senate. Read more.
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