Symbiont Releases Institutional Finance-Grade Smart Contracts Blockchain

Smart Securities 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 Startup Startup A company operating within its first stage of investing is known as a startup. While startups may give the impression that the company must be new, that is not always the case.Many companies can have this designation after nearly three years of existence. Typically, a company exits the startup status after a period between 3 to 5 years or after successful funding rounds where capital is acquired. Startups tend to derive out of the belief that there is a demand for a service or product which is c A company operating within its first stage of investing is known as a startup. While startups may give the impression that the company must be new, that is not always the case.Many companies can have this designation after nearly three years of existence. Typically, a company exits the startup status after a period between 3 to 5 years or after successful funding rounds where capital is acquired. Startups tend to derive out of the belief that there is a demand for a service or product which is c Read this Term Symbiont has released a software development kit for Assembly, its permissioned distributed ledger component meant for use in institutional finance. It promises a secure, high performance Byzantine fault-tolerant distributed ledger, able to process a sustained 80,000 transactions per second in a regional multi-node network.

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“Decentralized systems no longer have to be slow,” said Symbiont’s co-founder and CTO Adam Krellenstein. “With Assembly, we’ve proven that.”

Assembly is an immutable and cryptographically secured datastore and messaging system designed for use in a decentralized network. Assembly serves as the foundation for Symbiont’s Smart Securities platform, which allows users to issue, manage, locate and trade traditional financial instruments efficiently in a single, global, peer-to-peer financial network.

Included in the Assembly release are the public specifications for a ledger API, a mock ledger server, a ledger client library, example client applications and integration tests.

“We’ve proven that we can build a fast, secure and powerful distributed ledger capable of meeting the high demands of institutional finance,” Krellenstein said. “Assembly is now available to developers struggling to achieve an institutional-quality distributed ledger, and we welcome inquiries from those wishing to build blockchain applications on it.”

Symbiont is the technology partner for the State of Delaware’s Blockchain Initiative (DBI), is partnering with Ipreo to revamp the $4.7 trillion syndicated loan market, and provided blockchain technology for a large European insurer’s catastrophe swap pilot project in June 2016.