The Internet is going through a revolution, transforming from a medium for information to a medium for trading and tracking value — from currency to music. This year, developers will have a special opportunity to experiment with blockchain, the exciting technology behind Bitcoin, and apply it to fields such as music, film, and virtual reality at South by Southwest (SXSW). A shared, immutable ledger for recording the history of transactions, blockchain technology is fostering a new generation of transactional applications that establish trust, accountability and transparency among participants in a transactional business network. The exciting possibilities of blockchain are still being uncovered. And as the Linux Foundation releases Hyperledger Fabric to production this month, innovators become more free to build viral transaction networks without submitting to a central controlling authority.
Experience blockchain at SXSW
From March 10 – 15, the IBM at SXSW Experience will be showing how blockchain can make your life better, allowing you to pick up the tools and create a world changing idea of your own. Just drop by Brazos Hall, 204 East 4th Street in Austin, Texas to experience IBM at SXSW March 10 – 14 from 10 AM to 5 PM every day. And from March 14 – 15, check out the SXSW Hackathon, which will be bustling with high-tech creativity as “hackers” develop industry-changing prototypes with blockchain technology. Developers can write some of the first applications to run on blockchain and then start inviting members to join their fabric networks.
Blockchain at SXSW Hackathon
Imagine this was 1993, and the web was just about to capture the imagination of the world. What if you could go back and build one of the first sites on the World Wide Web? Here’s your chance!
On March 14-15, IBM Blockchain experts will be providing support for the SXSW Hackathon teams as they write some of the first applications to run on Hyperledger Fabric, the Linux Foundation’s open source blockchain technology platform set to move to production this month. Hyperledger Fabric offers not only a technological innovation, but also a framework for developing business networks that can truly disrupt and accelerate industry practices, in part because it allows all the members of a business network to have control while not requiring any one of them — or any other third party — to be in control of the system. Through this, the potential of blockchain technology is being realized, and I can’t wait to see what kinds of applications will come out of the hackathon.
Don’t miss out on this opportunity to make your mark on the transformation of blockchain for use in industries like music, film and virtual reality and be one of the first to experiment with Hyperledger Fabric in production! Just make sure you’re prepared to do your best at the Hackathon.
IBM Blockchain originally joined the Hyperledger Project to help evolve and improve upon earlier forms of blockchain. Instead of having a blockchain that relies on the exchange of cryptocurrencies with anonymous users on a public network, a blockchain for business provides a permissioned network, with known identities, without the need for cryptocurrencies.
Now, the Hyperledger Project enables communities of software developers to collaborate on building blockchain frameworks and platforms in a manner that encourages transparency, longevity and interoperability and provides the support required to bring blockchain technologies forward to mainstream commercial adoption. Hyperledger Fabric provides a foundation for developing blockchain solutions with a modular architecture, pluggable implementations and container technology. While leveraging open source best practices, Hyperledger Fabric enables confidentiality and scalability in business environments.
The IBM and Hyperledger partnership demonstrates tremendous potential to give content creators ways to protect their rights over their creative outputs.
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