19 Oct '15, 5pm

Coinprism Launches Open Source Distributed Ledger: Coinprism has released Openchain, an open source, ... #Bitcoin

Coinprism Launches Open Source Distributed Ledger: Coinprism has released Openchain, an open source, ... #Bitcoin

Blockchain technology company Coinprism has released Openchain, an open source, distributed permissioned ledger that targets enterprise and financial institutions. Unlike bitcoin, which is based on a unique distributed ledger, Openchain will enable users to deploy their own version of the chain, allowing them to potentially cut costs and reduce settlement time. Speaking about Openchain's launch, Flavien Charlon, founder and CEO of Coinprism, explained: "Traditionally, settlement of a transaction happens some time after the trade happened. For example, three days for stock trading. With Openchain, it is possible to handle the trade and the settlement as a single operation, reducing both costs and counterparty risks." Openchain vs bitcoin The main difference between Openchain and bitcoin's blockchain, Charlon said, resides in the type of assets that his product is designed t...

Full article: http://www.coindesk.com/coinprism-launches-open-source-di...

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