IBM joins Unbounded Registry blockchain initiative
IBM has joined Unbounded Registry, a decentralised cross-blockchain registry initiative described as a Yellow Pages analogues for blockchain projects.
Unbounded Registry will be led by blockchain startup HACERA, and is designed to provide “a decentralised means to register, look up, join and transact across a variety of blockchain solutions, built to interoperate with all of today’s distributed ledger technologies.”
Announcing that it was a founding member, IBM commented: “Since IBM began our blockchain journey, we have been committed to the development and use of open technologies.
“We realised from the start that you cannot do blockchain on your own; 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.”
Other founding members include Intel, Chines tech group Huawei, Batavia, Hitachi and the Australian Blockchain Association
Aims of HACERA Unbounded Registry
The project will address major issues in the field, including reserved naming for blockchain projects, the discoverability of blockchain networks and applications, and a catalogue of domain-specific functions and services.
In a blog post confirming the group’s membership of the initiative, Jerry Cuomo, IBM’s vice president of blockchain technologies,recounted the history of Yellow Pages and how it became famous over the years and its impact on the world economy.
First published in 1830 Yellow Pages offered a directory of business for those interested in specific companies or shops, which encouraged commerce and had a profound impact on the industrial revolution. Merchants could use Yellow Pages to include their business and become more visible to the local community and the world.
The same happened in the 1990s, when ICANN became coordinator of different directories such as the Domain Name System (DNS), and instrumental in the launch of the world wide web and the internet.
Hacera aims to list new applications, blockchain platforms and companies working with distributed ledger technology (DLT). HACERA Unbounded Registry, built on blockchain technology, will offer a decentralised means to register, look up and transact across different blockchain solutions.
The registry has been built with the aim of interoperating with all popular DLTs, such as ledger Linux Foundation’s Hyperledger Fabric, Hyperledger Sawtooth, and many others such as the Stellar Network.
Other recently announced blockchain initiatives involving IBM include a Stellar-based “near-real-time” blockchain payment network called Blockchain World Wire (BWW) to facilitate international settlements between banks and global blockchain-enabled shipping solution jointly developed with Danish transport and logistics group Maersk.