Post
Topic
Board Altcoin Discussion
How will the Microsoft and IBM's blockchain project affect Bitcoin and Ethereum?
by
honeysyd
on 21/02/2016, 08:48:57 UTC
Recently I found an article (as linked below) that IBM is launching an open source blockchain project (named BaaS) that is similar to Linux. As long as I understand, this could be an alternative to Ethereum and possible threaten the potential of Bitcoin's blockchain as the largest blockchain.

http://www.wired.com/2016/02/ibm-and-microsoft-will-let-you-roll-your-own-blockchain/

The Microsoft's project looks like aiming to provide blockchain services in its cloud, but I do not understand what it is exactly as I am a newbie to blockchain and cryptocurrency.

It would be appreciated if anyone shortly summaries these two projects in plain English and how they will affect BTC and Ethereum. In shallow view, these two projects could have a large negative effect on the price of BTC and Ether.