Cloud application marketplace company Wireline is working with open source blockchain project developer Qtum
The new union is intended to provide a conduit to consuming microservices at [web] scale using blockchain at the core.
As we know, microservices offer the ability to create Application Programming Interfaces (APIs) without having to manage the underlying hardware and software infrastructure.
Wireline is building an ecosystem based on a microservices exchange; it is a marketplace for developers to test and integrate open source apps. The company is also seeking to create the largest open source developer fund, whereby developers building software critical for serverless architecture and the blockchain ecosystem are rewarded.
“This cooperation opens up new possibilities for both Qtum and Wireline developers for connecting distributed applications,” said Lucas Geiger, CEO at Wireline. “With Qtum we want to change this. Through the combination of both our efforts through the Qtum Foundation and Wireline Developer Fund, we will create an opportunity to monetize existing apps as well as support the creation of new ones.”
Qtum aims to establish a platform designed to bridge the gap between blockchains and the business world. The firm’s strategy includes providing a toolset to standardise the workflow of businesses and a hub of tested and verified smart contract templates that address various specialized business-use cases.
“We’re excited to collaborate with Wireline as we have a shared mission — to decentralise the application market and create a platform to facilitate the use of blockchain in business,” said Patrick Dai, co-founder and chairman of the Qtum Foundation. “We think this is beneficial to our developer community and will dramatically reduce the time to market for many of their apps.”
The Qtum a blockchain application platform combines the functions of Bitcoin Core, an account abstraction layer allowing for multiple virtual machines and a proof-of-stake consensus protocol aimed at tackling industry-use cases.
The Qtum Foundation, headquartered in Singapore, is the decision-making body that drives the project’s development.