Welcome!

News Feed Item

ArcBlock, the World's First Blockchain Ecosystem for Decentralized Applications, Is Building the Foundation for Blockchain 3.0

CHICAGO, Jan. 12, 2018 /PRNewswire/ -- Robert Mao, former researcher with Microsoft Research, serial entrepreneur, and technology innovator, together with Flavien Charlon, the creator of Colored Coins, Open Assets Protocol, and Openchain, today announced the launch of ArcBlock, the world's first blockchain ecosystem for building and deploying decentralized applications. ArcBlock is aiming to seamlessly connect between the existing system and services, and blockchain networks, throughout dynamic industries.

Looking back on 2017, Bitcoin and the ICO (Initial Coin Offering), which have been considered as "killer applications" separately in both Blockchain 1.0 as well as Blockchain 2.0 generations, have ushered in explosive growth. The price of Bitcoin surged 20 times, from $1,000 at the beginning of the year to $20,000 at its highest point. The total market value of the top 100 cryptocurrencies have exceeded $600 billion, with ICOs raising more than $6.133 billion in the past 11 months, accounting for 96 percent of total financing over the past four years.

The sizzling Bitcoin and ICO markets caused a surge in attention within the global community about blockchain technology, as it is now widely believed to be a game changer. However, this also brings certain uncertainties when upgrading to Blockchain 3.0, because it lacks the power of penetration into the real business world; numerous difficulties and obstacles prevent its real-world application; and its "infancy" stage on the development of decentralized application.

The birth of ArcBlock is exactly the right time to further empower the blockchain technology to be implemented into the real world, and has an extraordinary epoch-making significance in the long run.

Revolutionary New Design Is Leading the Blockchain 3.0 Trend

"ArcBlock is a comprehensive solution that combines blockchain technology with cloud computing, rather than a standalone software package or set of APIs," Mao says. "In addition, it's a marketplace driven by token economy. ArcBlock's 'miners' will contribute not only computing resources to the system, but also reusable components, new services, or ready-to-deploy applications to get token rewards. This is a Blockchain 3.0 application ecosystem developed by the entire ArcBlock community-we're just jump-starting the project."

ArcBlock's Open Chain Access Protocol enables the application to adapt to a variety of blockchain protocols including Bitcoin, Ethereum, Hyperledger, and more. It eliminates the platform lock-in issue and enables applications to run on multiple blockchain fabrics, vastly improving the developer and user experiences. Blocklet is another revolutionary component that takes advantage of the latest micro-service architecture and server-less computing technology. Blocklet is a high-level application protocol that can be implemented with any platform or language. It leverages the full capacity of the native platform and offers the same level of performance, rather than running on a low-performing virtual machine.

Blocklet does more than access blockchains. It connects to any existing data source, and performs both on-chain and off-chain computing. Its unique design aims to provide a high-performance, user-friendly, cost-efficient, and protocol-agnostic platform.

"We believe that ArcBlock represents a major technological advance that will usher in the 3.0 generation of blockchain applications," Charlon says.

Building and deploying decentralized blockchain applications with ArcBlock has significant advantages over the vendor-specific frameworks available in today's market, including:

1. Built for the New Token Economy

ArcBlock is a self-evolving ecosystem – it's not just a software platform built by one centralized organization. ArcBlock, Inc. and the ArcBlock Foundation are igniting the project; the platform is driven by the token economy and will continue to develop and grow on its own.

2. Optimized for the Best Experience

The ArcBlock platform is using a "top-down" strategy that centers on the user experience. Applications built with ArcBlock offer reactive, real-time experiences. Users can simply access them from a web browser (no additional plugins required), or download a mobile app directly from an app store. Either way, the process is familiar.

3. Built for the Cloud

ArcBlock is designed to run natively in the cloud. Initially we will build on top of Amazon Web Services and Windows Azure, then expand to support Google Compute Engine, major cloud-computing players in China, and other platforms.

4. Built with an Open Standard

In addition to open sourcing their core components, ArcBlock will contribute actively to a variety of blockchain communities. ArcBlock's team members are involved actively with a range of standards organizations, non-profit foundations, and committees. These currently include the W3C Blockchain Community Group Community Group (CG), IEEE Blockchain Special Interest Group (SIG), Enterprise Ethereum Alliance, Linux Foundation, and Hyperledger Foundation.

Following Cryptocurrency and I.C.O., Decentralized Apps Are the Future

ArcBlock set out to design and develop its revolutionary platform at the beginning of 2017. 80 percent of the first-stage system's development has already been completed. ArcBlock has also achieved initial intent of cooperation with many businesses, platforms, and institutions in the fields of I.T., education, publishing, culture and tourism, health, and smart cities. At the end of November 2017, ArcBlock successfully raised angel-round funding. The investor is a leading capital institution that is repositioning its all-out investment effort in the blockchain industry. They certainly recognize the promise of ArcBlock.

"When people talk about blockchain today, they only see cryptocurrencies represented by Bitcoin," Mao explains. "Now blockchain is evolving to a stage with decentralized applications at the core. In the future, the value decentralized apps create will exceed what cryptocurrencies create today. We founded ArcBlock and built a global team. The purpose is to create the next-generation blockchain ecosystem for building and deploying decentralized applications. We're extremely excited about the bright future of blockchain."

To learn more about ArcBlock, visit arcblock.io or join our Telegram community at t.me/ArcBlock.

Cision View original content:http://www.prnewswire.com/news-releases/arcblock-the-worlds-first-blockchain-ecosystem-for-decentralized-applications-is-building-the-foundation-for-blockchain-30-300582156.html

SOURCE ArcBlock

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
This session will provide an introduction to Cloud driven quality and transformation and highlight the key features that comprise it. A perspective on the cloud transformation lifecycle, transformation levers, and transformation framework will be shared. At Cognizant, we have developed a transformation strategy to enable the migration of business critical workloads to cloud environments. The strategy encompasses a set of transformation levers across the cloud transformation lifecycle to enhance ...
Your job is mostly boring. Many of the IT operations tasks you perform on a day-to-day basis are repetitive and dull. Utilizing automation can improve your work life, automating away the drudgery and embracing the passion for technology that got you started in the first place. In this presentation, I'll talk about what automation is, and how to approach implementing it in the context of IT Operations. Ned will discuss keys to success in the long term and include practical real-world examples. Ge...
The challenges of aggregating data from consumer-oriented devices, such as wearable technologies and smart thermostats, are fairly well-understood. However, there are a new set of challenges for IoT devices that generate megabytes or gigabytes of data per second. Certainly, the infrastructure will have to change, as those volumes of data will likely overwhelm the available bandwidth for aggregating the data into a central repository. Ochandarena discusses a whole new way to think about your next...
So the dumpster is on fire. Again. The site's down. Your boss's face is an ever-deepening purple. And you begin debating whether you should join the #incident channel or call an ambulance to deal with his impending stroke. Yes, we know this is a developer's fault. There's plenty of time for blame later. Postmortems have a macabre name because they were once intended to be Viking-like funerals for someone's job. But we're civilized now. Sort of. So we call them post-incident reviews. Fires are ne...
Lori MacVittie is a subject matter expert on emerging technology responsible for outbound evangelism across F5's entire product suite. MacVittie has extensive development and technical architecture experience in both high-tech and enterprise organizations, in addition to network and systems administration expertise. Prior to joining F5, MacVittie was an award-winning technology editor at Network Computing Magazine where she evaluated and tested application-focused technologies including app secu...
CloudEXPO New York 2018, colocated with DevOpsSUMMIT and DXWorldEXPO New York 2018 will be held November 12-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI and Machine Learning to one location.
CloudEXPO | DevOpsSUMMIT | DXWorldEXPO are the world's most influential, independent events where Cloud Computing was coined and where technology buyers and vendors meet to experience and discuss the big picture of Digital Transformation and all of the strategies, tactics, and tools they need to realize their goals. Sponsors of DXWorldEXPO | CloudEXPO benefit from unmatched branding, profile building and lead generation opportunities.
ICC is a computer systems integrator and server manufacturing company focused on developing products and product appliances to meet a wide range of computational needs for many industries. Their solutions provide benefits across many environments, such as datacenter deployment, HPC, workstations, storage networks and standalone server installations. ICC has been in business for over 23 years and their phenomenal range of clients include multinational corporations, universities, and small busines...
This sixteen (16) hour course provides an introduction to DevOps, the cultural and professional movement that stresses communication, collaboration, integration and automation in order to improve the flow of work between software developers and IT operations professionals. Improved workflows will result in an improved ability to design, develop, deploy and operate software and services faster.
Headquartered in Plainsboro, NJ, Synametrics Technologies has provided IT professionals and computer systems developers since 1997. Based on the success of their initial product offerings (WinSQL and DeltaCopy), the company continues to create and hone innovative products that help its customers get more from their computer applications, databases and infrastructure. To date, over one million users around the world have chosen Synametrics solutions to help power their accelerated business or per...
All in Mobile is a place where we continually maximize their impact by fostering understanding, empathy, insights, creativity and joy. They believe that a truly useful and desirable mobile app doesn't need the brightest idea or the most advanced technology. A great product begins with understanding people. It's easy to think that customers will love your app, but can you justify it? They make sure your final app is something that users truly want and need. The only way to do this is by ...
Authorization of web applications developed in the cloud is a fundamental problem for security, yet companies often build solutions from scratch, which is error prone and impedes time to market. This talk shows developers how they can (instead) build on-top of community-owned projects and frameworks for better security.Whether you build software for enterprises, mobile, or internal microservices, security is important. Standards like SAML, OIDC, and SPIFFE help you solve identity and authenticat...
The digital transformation is real! To adapt, IT professionals need to transform their own skillset to become more multi-dimensional by gaining both depth and breadth of a wide variety of knowledge and competencies. Historically, while IT has been built on a foundation of specialty (or "I" shaped) silos, the DevOps principle of "shifting left" is opening up opportunities for developers, operational staff, security and others to grow their skills portfolio, advance their careers and become "T"-sh...
Digital Transformation and Disruption, Amazon Style - What You Can Learn. Chris Kocher is a co-founder of Grey Heron, a management and strategic marketing consulting firm. He has 25+ years in both strategic and hands-on operating experience helping executives and investors build revenues and shareholder value. He has consulted with over 130 companies on innovating with new business models, product strategies and monetization. Chris has held management positions at HP and Symantec in addition to ...
Whenever a new technology hits the high points of hype, everyone starts talking about it like it will solve all their business problems. Blockchain is one of those technologies. According to Gartner's latest report on the hype cycle of emerging technologies, blockchain has just passed the peak of their hype cycle curve. If you read the news articles about it, one would think it has taken over the technology world. No disruptive technology is without its challenges and potential impediments t...