• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Bitcoin Casino ReviewsTry
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Bitcoin Casino ReviewsTry
No Result
View All Result
NewsBTC
No Result
View All Result
IBM
Nexo Logo

IBM Working on ‘Permissioned But Public’ Blockchain Networks

Ricardo Esteves by Ricardo Esteves
4 years ago
in Blockchain
Reading Time: 2 mins read
Advertisement

International Business Machines Corporation, aka IBM, is developing ‘permissioned but public’ blockchain networks in response to high demand for digital asset issuance, according to Jesse Lund, the newly appointed head of blockchain technology.

IBM To Converge Public and Private Blockchains

IBM has been heavily invested in the blockchain space for some time now as it offers a commercial platform for companies and developers wanting to experiment and work with the technology. The technology giant believes blockchain can disrupt governance and business, supply chain, healthcare, and many more industries. IBM is working in over 400 distributed ledger projects.

While the company firmly advocates for blockchain, the technology is still maturing and many are still figuring out how to approach it in the way it gets mainstream adoption. This volatile and unregulated asset class has raised many doubts with security flaws, scams, and hacks, still prospering to this day. Blockchain as a technology is getting very positive feedback from experts and capital markets, despite some concerns regarding the energy consumption. Cryptocurrency as … currency, is not as consensual.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

IBM may be exploring a middle ground, where cryptocurrencies can really change the financial paradigm as we know it. Jesse Lund, the new Head of Blockchain Development at IBM, has said in an interview that the company is seeing “tons of demand for digital asset issuance across the board” and this has caused the “emergence of a new segment that could actually be one of the biggest segments, that is a ‘permissioned’ but public blockchain network typology.”

The demand comes from executives from commodities trading platforms, central banks, and large corporations. This wide variety of institutions is mainly looking for securities tokens, utility tokens, and commodities tokens that represent physical assets.

“We’re going to see a lot more convergence between those two ends of the spectrum. The bitcoin and cryptocurrency space that has been hands-off for enterprises and the private, country club blockchain space that is on the other side”, Lund added.

‘Permissioned but public’ is a concept that attempts to bring together the public vs permissioned (private) discord. The company has already worked on a trial project that used digital currency to make transactions in near real-time throughout the South Pacific across a 12-country banking network. The digital currency was called Lumen, which traded on a non-profit Stellar blockchain. It was the start of a “permissioned but public” network.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

Lund believes this could become a significant pathway to the widespread adoption of crypto-currencies in the future.

 

Image from Shutterstock
Read our comparison of 50 different crypto casinos. Find out who has most generous bonuses, best UX, knowledgeable customer support and best provably fair games.
Tags: blockchainIBMlumenpermissionedpermissioned but public blockchainpublic blockchainedstellarXLM
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Ricardo Esteves

Ricardo Esteves

Related Posts

Lido

Lido (LDO) Sheds 58% Of Its All-Time High TVL At $11 Billion

3 months ago
bitcoin bull run

Huobi Co-Founder Says Next Bitcoin Bull Run Could Be 3 Years Away

6 months ago
Axie Infinity

Axie Infinity Sets Record-Breaking $4 Billion In NFT Sales

6 months ago
Picture depicting the interconnectedness of blockchain technology, as survey shows blockchain technology is becoming mainstream

Deloitte Survey Shows 76% Of Finance Execs Think Physical Money Is Nearing Its End

11 months ago
Pakistani Blockchain Marketplace, Bazaar Secures $30 million In Funds

Blockchain Startup In Pakistan Dubbed Bazaar Secures $30 million In Funds

12 months ago
Van Valkenburgh, gems, pink quartz

Five Gems From Van Valkenburgh’s Testimony At The Congressional Hearing

1 year ago

Premium Partners

Top Brokers

PrimeXBT

PrimeXBT

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
7BitCasino

7BitCasino

Review · Visit
Punt Casino

Punt Casino

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bspin

Bspin

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

The Main Reason Why GNOX (GNOX) Could Flip Dogecoin (DOGE) And Shiba Inu (SHIB) In 2023

August 8, 2022

The Next Bullish Wave in Crypto Could Generate Huge Profits for Uniglo (GLO), Fantom (FTM), and Optimism (OP)

August 8, 2022

The FishVerse Announces the First Ultimate Fishing Metaverse

August 8, 2022

Bware Labs announces the Blast Incentivized Testnet, code-named Houston

August 8, 2022

MEXC to List AURA Network, Supporting NFTs Adoption for More Possibilities

August 8, 2022

ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2021 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play Games
  • Bet & Win
  • Bitcoin Casino Reviews

© 2021 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.