New Linux Foundation project takes blockchain and the open source approach to the insurance industry
The Open Insurance Data Link platform will reduce the cost of regulatory reporting for insurance carriers, provide a standardized data repository for analytics and a connection point for third parties to deliver new applications to members, according to the foundation. The foundation announced the new project on Monday, April 12 and describes the project as the “first open blockchain platform that enables the efficient, secure and permissioned-based collection and sharing of statistical data.”
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How We Dodged Risks And Raised Millions For Our Open-Source Machine Language Startup – Techcrunch
Clearly, enterprise capitalists discover many open-source software program initiatives to be worthy investments. Nonetheless, they should perceive any inherent dangers concerned when efficiently commercializing an progressive thought. Discovering low-risk investments that result in profitable enterprise alternatives stays an vital objective for these corporations.
In our expertise, we discovered these dangers fall into three main classes: market threat, execution threat, and founders’ threat. Explaining all three to potential traders in a concise method helps dispel their fears. In the long run, low-risk, high-reward situations clearly appeal to tangible curiosity from sources of enterprise capital.
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A Conference to Find Viable Business Models to Commercialize Open Source Software
Organizers of the Open Core Summit – which took part this month at the Palace of Fine Arts in San Francisco – announced the COSS (Commercial Open-Source Software) Platform.
The goal of this initiative is to help commercial open-source organizations develop viable business models. “We want to educate, grow, fund and connect leaders of COSS companies,” as explained to IBL News by Joseph Jacks, founder of OSS Capital, a venture-capital firm who put together the Open Core Summit.
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Phi Beta Iota: Open Source has lost momentum as a result of those pulling their code to attack legitimate US Government functions such as Immigration and Customs Enforcement (ICE). Joseph Jacks is on to something hugely important — he needs to ensure that his contracts include non-volatility associated with attempts to impose individual biases on national agencies.
Open source developers: Stop blocking organizations you don’t like
After protest, open source software company Chef will let ICE contract expire
Fake GNUs: Keep politics out of open source software licences
Why Open Source misses the point of Free Software