Vincent Mundy/BloombergBitcoin mining giant Bitfury has taken another step in its transformation into an enterprise blockchain software developer. “But we are also using bitcoin blockchain anchoring to get bitcoin blockchain security for our private blockchain.”Bitfury was founded in 2011 and was among the first companies to start generating revenue selling bitcoin miners that expend computing power to help audit the bitcoin blockchain, and in exchange earn their owners bitcoin in reward. Bitfury then charges $10 every time data from Exonum Enterprise is hashed to the bitcoin blockchain. “So that stimulates them to take part in our auctions more actively.”While Exonum Enterprise is the first production-ready enterprise blockchain platform secured by the bitcoin blockchain, it enters an increasingly competitive enterprise blockchain landscape. Exonum Enterprise is perhaps most similar to IBM Blockchain, launched in March 2017 and currently powering several high-profile blockchain consortia.

Source: Forbes December 05, 2019 14:17 UTC