Japanese Online Giant GMO Launches Open Source Blockchain Project

Internet giant GMO Internet Inc. of Japan today announced the launch of the GMO Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term Open Source Software Project (GMO Blockchain OSS). The system will allow users to develop programs using blockchain as open source. In a first attempt by the company using this platform, the company has developed an open source medical record sharing system and launched it on July 6th, 2017.

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The GMO Blockchain OSS (free to modify, free for commercial) programmes are capable of supporting real service development using blockchain technology. Blockchain technology enables users to record and retain data which can be distributed on multiple computers. The system is popular for its fraud-resistant capabilities and zero downtime for a low cost. This helps the doctors access the medical history of patients quickly, in times of emergency, as soon as the user gives access to the same.

The company issued a statement on the sidelines of the launch of GMO Blockchain OSS: "As the first initiative, we have now created a Medical Record Sharing System based on Z.com Cloud Cloud The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc Read this Term Semi-Public Blockchain and started providing open source from today. We will continue to publish open source programs that meet various needs in the future. "

GMO Internet is investing big on developing new services using blockchain technology. This is evident from the company's participation in the cryptocurrency exchange and trading business through the newly established GMO Wallet Co. Ltd. and launch of the Z.com Cloud blockchain and ConoHa blockchain for easy creation of distributed blockchain applications.