Blockchain Startup Hyperledger Wins $50,000 in Innotribe Challenge at Sibos

Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term technology startup Hyperledger has won this year's Innotribe Startup Challenge finale at the Sibos conference in Singapore, taking home a $50,000 prize.

And the winner is... @Hyperledger! Congratulations from the whole Innotribe team! #ISCFinale #Sibos pic.twitter.com/cWolJSHUid

— Innotribe (@Innotribe) October 14, 2015

Hyperledger specializes in shared ledgers for decentralized record management. It was recently "acquired" by Digital Asset Holdings (DAH), the Blythe Masters-led startup looking to revolutionize securities settlement through blockchain technology.

SWIFT’s International Banking Operations Seminar (Sibos) is an annual banking and financial conference organized by the Society for Worldwide Interbank Financial Telecommunication (SWIFT).

Hyperledger founder Daniel O'Prey commented:

"The Innotribe experience and team have been fantastic from start to finish. Progressing from the New York regional showcase was extremely valuable in our acquisition by Digital Asset Holdings. We have had amazing exposure to our target market and look forward to following-up on all the leads it has generated as well as having a closer relationship with SWIFT."