Not exact matches
At its core, BoardRoom is a
smart contract on the
ethereum network designed to let individuals, companies and other groups manage other
contracts on both the public and
private instances of
ethereum.
Former IBM blockchain developer Henning Diedrich, who left the company last year to work on his own
smart contract language, contends that
ethereum's software is already suitable for
private blockchains that he tested at IBM.
But also, an alternative way to fuel ICOs would be through the use of tokenized fiat currencies, either through tokenization processes over
smart contracts, or by creating ether on a
private version of
ethereum (like JPMorgan's Quorum) redeemable in fiat.
A form of cryptography that hides information without risking validity, it's already been adapted to a small degree into
ethereum, which could lead to a wave of startups experimenting with
private smart contracts in novel and unexpected ways.
Microsoft Azure, in particular, combines the cloud infrastructure of Microsoft and the
smart contract - based ecosystem of
Ethereum to enable large - size corporations to build
private or semi-
private Ethereum blockchain - based platforms.
One critical example of this privacy trend is the just - announced partnership between JPMorgan and the company behind Zcash to build zk - SNARKS into Quorum - JPMorgan's
private blockchain contribution to the Enterprise
Ethereum Alliance - to make
smart contract execution more
private.
ConsenSys and Microsoft collaborated on this integration to enable developers to rapidly build
smart contract - based applications for the public
Ethereum blockchain, as well as
private and consortium blockchain deployments based on
Ethereum.
These projects worked to target specific concerns facing the Bitcoin community, where Monero built a system for
private transactions and
Ethereum took
smart contracts mainstream to allow for the creation of more expansive DApps (Decentralized Applications) on top of their blockchain.