Digital Asset Holdings 'Acquihires' Two Blockchain Startups

Digital Asset Holdings (DAH), led by former JPMorgan executive Blythe Masters, has 'acquihired' two 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 tampe 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 tampe Read this Term startups to expand its portfolio of supported ledger technologies.

DAH plans to build software for financial institutions to trade digital currencies, as well as develop financial applications powered by the Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term blockchain. It was founded earlier this year by Don Wilson, CEO of proprietary trading firm DRW Trading, and Sunil Hirani, the CEO of trueEX LLC, an exchange for interest rate swaps.

One of the startups, Hyperledger, specializes in shared ledgers for decentralized record management. Its CEO, Dan O’Prey, will become Chief Marketing Officer at DAH, and its CTO, Daniel Feichtinger, will join the senior engineering team.

Hyperledger was a finalist at this year's SWIFT Innotribe startup challenge, which was ultimately won by another Bitcoin startup, Bitspark, specializing in remittances.

The second startup is Bits of Proof, based in Budapest. It has built an enterprise-grade server to integrate blockchain technology into financial applications. Támas Blummer, its founder and CEO, becomes DAH's Chief Ledger Architect.

Blythe Masters, brought on as DAH's CEO earlier this year, seemed to indicate that the moves were geared toward hiring blockchain talent, which is in tight supply these days. The acquisitions "add valuable new dimensions to our product offering and great talent to our team," she said.