Bitcoin Global News (BGN)

September 14, 2018 -- ADVFN Crypto NewsWire -- IBM and HACERA have been compiling all blockchain services available on many of the most prevalent blockchain networks, including The Linux Foundation’s Hyperledger Fabric, Hyperledger Sawtooth, R3 Corda, EEA Quorum, Stellar Network, and others as well. They have taken this data and input it to a platform on the Linux Foundation's Hyperledger Fabric 1.0 called “Unbounded Registry.” This platform itself is open-source, and allows blockchain projects to register their own information.

Unbounded Registry provides some key features to address common problems arising in the blockchain technology space:

• Dedicated naming for networks and applications

• Visibility of networks and applications

• Compilation of domain-specific functions and services

• Bootstrapping, launching and building new digital communities

Yellow Pages to Angie’s List?

The first Yellow Pages compilation came out in the 1830’s as a way to organize the growing population of businesses. Some argue that this indirectly made a profound effect on commerce and is overlooked as key contribution to the Industrial Revolution. Without this concept, a business was left with only word of mouth or physical signage.

Many, including IBM, see blockchain technology as the foundation for the next stage in internet and communication. With the boom of the internet back in the 1990s, there was a similar explosion in web domains as with cryptocurrencies and dapps, creating similar confusion and disorganization. ICANN became the coordinator of directories including the Domain Name System (DNS). This was central to launching the internet by create unique businesses listings with names and addresses to be publicly addressable and digitally interactable entities.

In reality, the system seems closer to a global version of Angie’s List because of its peer-to-peer foundation. Angie’s List is a website for home and personal services, where customers can source work they need and providers can list what they have to offer. This also gives customers the opportunity to rate and write reviews of service providers to be publicly visible on the website. Implementation of this feature seems imminent on a platform like Unbounded Registry.

IBM believes that “you need a vibrant community and ecosystem of like-minded innovators who share the vision of helping to transform the way companies conduct business in the global economy.”

The Unbounded Registry provides a decentralized means to register, lookup, join and transact across the involved blockchain networks. Most private networks are unlisted. This platform allows brings public visibility as a “yellow pages of blockchain.” The platform was built to interoperate with all of the most widely used networks.

By: BGN Editorial Staff
















 

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