Can Bitfury Group replicate its success in enterprise blockchain?
Long a leader in the lucrative bitcoin transaction processing sector, this has been an open question since the startup expanded its mission in a bid to win the trust – and business – of the world’s biggest financial firms, governments and institutions. But that it’s also a question that now has new context, as Bitfury is today making public an enterprise blockchain initiative that has long been in development in the lab.
Revealed exclusively to CoinDesk, Bitfury Group is open-sourcing its first private blockchain framework, though it’s one that offers a twist on the established idea. Called Exonum, the software aims to distinguish itself from DLT solutions by enabling users to secure data using the bitcoin blockchain.
As explained by Valery Vavilov, the CEO of Bitfury Group, despite uncertainty surrounding the protocol’s technical roadmap, potential clients are actually becoming more aware of bitcoin’s strength as the longest-running and most secure blockchain in the world.
Vavilov told CoinDesk:
“What we observe is a lot of companies and institutions becoming more and more comfortable using the bitcoin blockchain. Those monitoring the system known bitcoin has been around for 8–9 years, that it hasn’t been hacked and that it
Read more ... source: CoinDesk.com
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