* FM HomeCryptoCurrencyInnovationIBM, Intel and Cisco Among Big Names in Linux-Led Open Ledger Project IBM, Intel and Cisco Among Big Names in Linux-Led Open Ledger Project The latest consortium to enter the blockchain race involves heavyweight tech giants including IBM, Intel and Cisco.The initiative, referred to as the ‘Open Ledger Project’, is overseen by the not-for-profit Linux Foundation, according to a Wired report.The goal is to build a blockchain technology that can be adopted by a wide variety of clientele including stock exchanges and other businesses.The project is a development library that would allow businesses to build their own custom distributed ledger solutions.These businesses would not have to rely on public blockchain infrastructures such as Bitcoin or Ethereum.Financial heavyweights including London Stock Exchange Group (LSE), JPMorgan, Wells Fargo, and State Street are also participating.As is becoming more common, several of the names are already involved in other blockchain initiatives.

LSE joined the ‘Blockchain Settlement Group’ announced one month ago.State Street was one of the original banks to join the R3-led consortium; Wells Fargo joined soon after.JP Morgan, until now, was one of the largest financial institutions not known to be officially involved in some sort of blockchain effort.Its CEO, Jamie Dimon, has weighed in on Bitcoin over the years, deeming its currency worthless but lauding the potential of its blockchain.Whereas other blockchain initiatives are primarily composed of banks, exchanges and clearing houses, this is the first driven by technology companies.Earlier this year, it was reported that IBM is working with blockchain technologies in a joint Internet of Things (IoT) project with Samsung.IBM has also been reportedly working on a blockchain-powered currency system, even seeking the cooperation of central banks.In this project, the technology is not to be controlled by any single player, consistent with the theme of decentralization.The leading role of Linux Foundation, which oversees the open source Linux operating system, is therefore appropriate.Digital Asset Holdings (DAH), the blockchain startup led by former JPMorgan executive Blythe Masters, will contribute to the project’s branding.

It will supply the “Hyperledger” naming it gained access to following its acquisition of another startup earlier this year.It will also provide development resources.xDon't stay behind!Sign up for our newsletter and get all the hottest news in your inbox daily.* First Name Last Name Email address* I would also like to receive business enhancing offers and promotionsComments Report News First NameLast NameEmail message*Phone Found a mistake?ethereum voting systemFirst Name*Last Name*Email* message*Nameethereum foundation membersThe names Cisco and Ferrari aren't often mentioned in the same breath.bitcoin crowdfunding teamThey were on Tuesday, when Cisco CEO Chuck Robbins unveiled what he calls the company's most significant new piece of networking hardware in a decade.bitcoin lady died

Cisco tapped Pininfarina, the Italian firm that's been designing Ferrari sports cars since the 1950s, to make its new network switches as sleek as possible -- considering they're boxes that sit in the data center.bitcoin miner aliexpress"We're trying to make everything smoother and more ergonomic," said Sachin Gupta, Cisco's vice president for enterprise products, in an interview at the product launch in San Francisco.ethereum homepage"We wanted to leave no stone unturned."convert sms to bitcoinCisco spent several years and dedicated thousands of engineers toward creating a new family of switches -- the Catalyst 9000 -- built for the age of connected devices.bitcoin kaufen sofortIt's no longer just computers and phones spitting out data, but everything from the lighting system to the air conditioning units connected to the network.dubai bitcoin miner

Gupta said that he met personally with four designers of Pininfarina at Cisco's headquarters in San Jose, California.Even with the design upgrades, the big white boxes certainly won't be mistaken for luxury Italian sports cars.But Gupta said the real focus was on usability and functionality.The ejector handles are easier to access and the internal fan can be reached through the back of the device, cutting way back on the amount of labor required to fix it.The products were also put through user testing sessions so they could gather feedback for the consultants to implement."It's modernizing the experience for the hardware era," Gupta said.Cisco has worked with Pininfarina in the past, notably for a firewall device in its security portfolio.Watch: Cramer weighs in on Ferrari stockAllow Facebook friends to see your upcoming events?Yes (Recommended) No, keep my events secret SaveInternet of Things has become one of the major revolutionary technologies that tends to make a profit of $357 billion by 2019.

There are several technological developments nowadays that tend to become next biggest tech revolution, just like Internet some time ago.Experts mention virtual and augmented reality among the most significant ones, but the leadership definitely belongs to the Internet of Things.This phenomenon promises to unite all conventional appliances, from thermostats to refrigerators, in one network connected to mobile devices.Thus, it gives people opportunity to control their homes being far away.Research firm IDC talks about a growing interest in IoT: “U.S.organizations will invest more than $232 billion in Internet of Things hardware, software, services, and connectivity this year.And IDC expects U.S.IoT revenues will experience a compound annual growth rate of 16.1 percent over the 2015-2019 forecast period, reaching more than $357 billion in 2019.” Now, we are facing the era when corporate giants all over the world compete to dominate the Internet of Things market.The main rivalry takes place between eight companies with market capitalizations over $150 billion – Google, Microsoft, Amazon, General Electric, AT&T, Verizon, IBM, and Cisco.

It is interesting that only two of them – General Electric and Cisco – focus on industrial IoT.Let’s study the approaches both companies take to prove themselves as trusted partners for IoT solutions.General Electric positions itself as the world’s premier digital industrial company that transforms the industry by connecting the physical and digital.In 2014, the company developed an IoT platform based on the Cloud Foundry platform from Pivotal, a company that General Electric had previously invested $105 million in.General Electric firmly counts on its roots in industrial business as well as on financial and technological investments in a modern cloud platform like Cloud Foundry.CEO Jeffrey Immelt says: “There is an incredible value around the asset in the industrial Internet that doesn’t exist in enterprise or the consumer Internet.In order for us to pull this off, we are going to have to create a horizontal company, a software analytics company, within GE.” The company is known for its comment concerning digital transformation: “No matter where you enter the company, you are going to learn to code.

100%.” IDC enumerates manufacturing operations, transportation, and smart buildings as the most promising sectors for IoT.Although General Electric has the largest revenues in power, aviation, and healthcare, there are also billion dollar businesses in transportation, and appliances and lighting.Cisco in its turn focuses on connectivity while delivering IoT solutions.It has already a customer database to be proud of: BC Hydro, a Canadian utility company, employs Cisco Field Area Network and fog computing solutions to develop an IP-based, multi-service network to control smart meters, DA devices, and other grid endpoints.The city of Mississauga, Canada’s sixth largest municipality, delivers city-wide Wi-Fi, connects its transit systems, modernizes buildings, and offers an intelligent streetlight system on the basis of the Cisco IoT System.At the same time, the most significant move Cisco has taken to approach the leadership on IoT market is $1.4 billion acquisition of Jasper Technologies at the beginning of the year.