Chain releases open source platform for distributed ledger

Blockchain technology provider’s new tool allows developers to verify prototypes on a test network

Chain, the California-based blockchain technology provider, has released Chain Core Developer Edition, an open source version of its distributed ledger platform. Chain Core allows developers to test their blockchain prototypes on a test network (testnet) operated by Chain, Microsoft, and the Initiative for Cryptocurrencies and Contracts (IC3), a collaboration of Cornell University, Cornell Tech, UC Berkeley, University of Illinois at Urbana-Champaign, and the Technion.

The testnet allows users to verify the functionality of their blockchain design on a public network without any real transfers of value. Chain Core further facilitates the creation and deployment of blockchain networks by providing free technical documentation and tutorials.

Ryan Smith, chief technical officer at Chain, said: “Chain Core Developer Edition provides a seamless end-to-end experience to design, build, and test prototypes on a system we created from the ground up to suit the scalability and security requirements of the financial industry.”

Chain Core is the result of several years of cooperation between Chain and leading banks. According to the blockchain firm, its design was intended to facilitate the development of distributed ledgers that “map onto use cases in the financial industry”. Chain says that it is already being used by developers working in the payments, banking, capital markets, and insurance industries.

Chain Core can run on Windows, Mac, and Linux. Chain has published the technical specification of the Chain Protocol, which is the underlying cryptographic protocol that defines the data model, validation rules, and consensus mechanism implemented in Chain Core.

  • Chain CTO Ryan Smith will be speaking at the QA Financial forum in New York on November 29th, on  panel alongside Digital Asset Holding CTO Shaul Kfir. For more details, see here.
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