Blockchain technology startup Chain launches open source developer platform

Rage Review : Chain, a blockchain technology startup supplier, and advanced financial institutions have launched a free and open source version of its distributed ledger platform, Chain Core Developer Edition, which can issue and transfer assets on a licensed blockchain network and has been used by market leaders to launch innovative products in payment, banking, capital markets, and insurance markets. The potential of blockchain to disrupt the financial industry with digital methods is huge and we cannot ignore it.

Translation: Nicole

Blockchain technology startup Chain has launched a free and open-source version of its distributed ledger platform that enables organizations to issue and transfer assets on permissioned blockchain networks.

The company said this is the first time developers can launch or join a blockchain network, create financial applications, and access in-depth technical documentation and tutorials by downloading and installing Chain Core.

The company said users can choose to test their prototypes on a test network, or “testnet,” which is jointly run by Chain, Microsoft and the Initiative for Cryptocurrencies and Contracts (IC3), a collaborative effort between Cornell University, Cornell Tech, UC Berkeley and UC Berkeley, the University of Illinois at Urbana-Champaign and the Institute of Technology.

Chain Core Developer Edition is the product of a multi-year effort between Chain and leading financial institutions to build a blockchain architecture that reflects financial industry use cases.

Chain Core Enterprise Edition is the company's production platform and is already being used by market leaders to launch innovative products in the payments, banking, capital markets and insurance markets.

Marley Gray

Marley Gray, Microsoft chief architect PM and vice president of Azure Blockchain engineering, said:

“Microsoft believes that blockchain has enormous potential to disrupt the financial industry with digital methods.”

Gray said:

“We are excited to support the Microsoft Azure Blockchain as a Service testnet and look forward to working with the ecosystem to enable financial institutions to adopt distributed ledger technology.”

Andrew Miller, IC3 deputy director and assistant professor at the University of Illinois at Urbana-Champaign, said:

“We are very excited to be one of the operators of the Chain test environment. We have been working with Chain on prototyping and are encouraged to use their approach to help developers build secure blockchain applications.”