Monax

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Monax
Limited Company
Industry

Blockchains

Smart contracts
Founded June 2014
Founders Casey Kuhlman, Tyler Jackson, Preston Byrne
Headquarters United Kingdom
Number of employees
15 (2016)
Website www.monax.io

Monax Industries Limited, known as Monax, is a blockchain and smart contract software technology company founded in 2014.[1] Incorporated as Eris Industries and previously known as Eris, the company changed its name to Monax in October 2016.[2] The firm has offices in London, Berlin, and Connecticut.[3]

Products[edit]

Monax provides a free and open-source[4] platform to assist developers to build, ship and run blockchain and smart contract-based applications for business systems and processes. Monax includes a reimplementation of the Ethereum Virtual Machine;[5][6][7] the company also sells smart contract software development kits (SDKs)[8][9][10] and support services[11] to firms investigating the applications of blockchain and distributed ledger technology.

Name[edit]

The word "monax" is part of the binomial name for a groundhog (marmota monax). The company uses a logo of a groundhog[12] and employees and community members are often referred to as "marmots."[13]

Impact and users[edit]

Monax's technology has a database-centric, rather than cryptocurrency-centric, approach to blockchain technology.[14][15][16]

Their software is used by 40 member banks of the R3 distributed ledger consortium.[17][18][19][20]

In November 2016 SWIFT, an 11,000-member financial market infrastructure provider, announced two blockchain prototypes, automating a corporate bond and ISO 20022 messaging, both using Monax's software.[21][22][23]

In March 2017, Monax joined[24] the Hyperledger project and its submission, co-sponsored by Intel, was accepted in April 2017.[25][26][27][28][29][30][31]

References[edit]

  1. ^ Irrera, Anna (2015-09-30). "Meet the new kids on the blockchain". efinancialnews.com. Financial News. Retrieved 14 December 2016. 
  2. ^ Del Castillo, Michael (2016-10-12). "Double Standards: The Coming Push for Blockchain Interoperability - CoinDesk". CoinDesk. Retrieved 2016-12-14. 
  3. ^ Macheel, Tanaya (11 August 2015). "Fintech Startup Fights Trademark Claims From Firm Tied to Rival". American Banker. Retrieved 20 December 2016. 
  4. ^ Ehsani, Farzam. "Blockchain in Finance: from Buzzword to Watchword in 2016". coindesk.com. Coindesk. Retrieved 20 December 2016. 
  5. ^ Behlendorf, Brian. "Hey – You got your Ethereum in my Hyperledger!". hyperledger.org. The Hyperledger Project hosted by the Linux Foundation. Retrieved 12 April 2017. 
  6. ^ Rizzo, Peter (2015-08-02). "Eris COO: Private and Public Blockchains Need to Co-Exist". CoinDesk. Retrieved 2016-12-14. 
  7. ^ Lewis, Anthony (2016-02-18). "In a nutshell: Eris (Epicenter Bitcoin interview – Jan 2016)". Bits on blocks. Retrieved 2016-12-14. 
  8. ^ Allison, Ian (16 December 2016). "Barclays gets into the nuts and bolts of Smart Contract Templates". ibtimes.co.uk. International Business Times. Retrieved 16 December 2016. 
  9. ^ Braine, Dr. Lee; Bakshi, Vikram A.; Clack, Dr. Christopher D. (15 December 2016). "Smart Contract Templates: essential requirements and design options" (PDF). Barclays Bank plc. Retrieved 16 December 2016. 
  10. ^ Bradbury, Danny (2016-10-11). "Blockchain seeks to squeeze out all the lawyers". E&T Magazine. Institution of Engineering and Technology. Retrieved 14 December 2016. 
  11. ^ Kuhlman, Casey. "Monax's First Two Product Lines: Premium Support and SDKs". Monax. Retrieved 2016-12-14. 
  12. ^ Rizzo, Peter. "Eris COO: Private and Public Blockchains Need to Co-Exist". Retrieved 19 May 2017. How seriously should you take a company with a marmot named Doug for a mascot? That has been the subject of debate surrounding Eris Industries and its blockchain solutions platform for some time. 
  13. ^ Del Castillo, Michael. "Monax to bring Ethereum Tech to Hyperledger Blockchain Group". Coindesk.com. CoinDesk. Retrieved 12 April 2017. (Monax's) group of followers is known as the 'Marmot Den'. 
  14. ^ Reutzel, Bailey (2015-03-26). "Bitcoin tech - minus Bitcoin currency - could make big banks bite". paymentssource.com. Payments Source. Retrieved 14 December 2016. 
  15. ^ Adinolfi, Joseph (2015-07-01). "The technology behind Bitcoin is being used in surprising ways". marketwatch.com. Dow Jones. Retrieved 14 December 2016. 
  16. ^ Rizzo, Peter (2 August 2015). "Eris COO: Private and Public Blockchains Need To Co-Exist". CoinDesk.com. CoinDesk. Retrieved 23 December 2016. Eris has evolved to become one of the more novel projects in the blockchain space in terms of its operating thesis, officially launching in December with a goal toward a "1.0 release" this summer. In its short history, Eris has made a point to trumpeting its belief that bitcoin should be thought of as a shared software database, not as a network for sending money or value. In the process, it has successfully highlighted the evolving debate regarding how the technology and its capabilities should be conceptualized and articulated to the public. 
  17. ^ Higgins, Stan (3 March 2016). "40 Banks Trial Commercial Paper Trading in Latest R3 Blockchain Test". Coindesk.com. CoinDesk. Retrieved 16 December 2016. 
  18. ^ Allison, Ian (2016-03-03). "R3 completes trial of five cloud-based blockchain technologies with 40 banks". International Business Times UK. Retrieved 2016-12-14. 
  19. ^ Nash, Kim (2016-03-02). "Key Blockchain Vendors, Cloud Providers Square Off in Major Test". wsj.com. The Wall Street Journal. Retrieved 14 December 2016. 
  20. ^ Kelly, Jemima (2016-03-03). "40 big banks test blockchain-backed bond trading system". reuters.com. Reuters. Retrieved 14 December 2016. 
  21. ^ Del Castillo, Michael (2016-12-14). "Swift's Global Head of Banking Argues Blockchain Isn't a Disruption - CoinDesk". CoinDesk. Retrieved 2016-12-14. 
  22. ^ Finextra (2016-11-24). "SOFE Berlin: Swift unveils blockchain proof-of-concept". Finextra Research. Retrieved 2016-12-14. 
  23. ^ Del Castillo, Michael. "Swift is Building a Blockchain App to Optimize Global Cash Liquidity". Coindesk.com. CoinDesk. Retrieved 12 April 2017. 
  24. ^ Allison, Ian. "Bank of England and China Merchants Bank join Hyperledger Project". ibtimes.co.uk. International Business Times. Monax joining (the Hyperledger Project) was particularly notable to blockchain watchers as it means that Ethereum technology will be brought within the project under the Apache 2.0 licence. 
  25. ^ Allison, Ian. "Monax Brings Ethereum Technology to the Hyperledger Project". ibtimes.co.uk. International Business Times. Retrieved 12 April 2017. 
  26. ^ Del Castillo, Michael. "Monax to bring Ethereum Tech to Hyperledger Blockchain Group". Coindesk.com. CoinDesk. Retrieved 12 April 2017. Monax’s admission to the consortium makes it the first to also submit a codebase with an ethereum virtual machine, the component that handles state computation on the public ethereum blockchain. 
  27. ^ "Hyperledger Projects". hyperledger.org. The Linux Foundation. Retrieved 13 April 2017. 
  28. ^ Keirns, Garrett. "Monax Adds Blockchain Code to Hyperledger GitHub Repository". Coindesk. Coindesk. Retrieved 12 April 2017. 
  29. ^ Manning, Jim. "Hyperledger Absorbs the Ethereum Virtual Machine via Monax". ETHNews. Ethereum News. Retrieved 12 April 2017. 
  30. ^ Behlendorf, Brian. "Hey – You got your Ethereum in my Hyperledger!". hyperledger.org. The Hyperledger Project hosted by the Linux Foundation. Retrieved 12 April 2017. 
  31. ^ Weare, Kent. "Hyperledger Steering Committee Approves First Ethereum Project". InfoQ.com. InfoQ. Retrieved 9 May 2017. 

External links[edit]