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Melonport dissolves in favor of its protocol, setting a new bar for the blockchain world TechCrunch

https://techcrunch.com/2019/02/11/melonport-dissolves-in-favor-of-its-protocol-setting-a-new-bar-for-the-blockchain-world/
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Feb 11, 2019 9:27 AM 2+ mon ago

Melonport dissolves in favor of its protocol, setting a new bar for the blockchain world

In the world of blockchain, it is the sector of fintech where most think Satoshi's invention will have the greatest impact. And in finance, there are few more elite worlds than those of asset management. So it's of some significance that a two-year project to disrupt and open up this world using blockchain has now come to fruition.

Last Friday in Zug -- a small provincial Swiss town which has embraced crypto startups -- the Melonport startup consciously chose to dissolve itself and release its Melon protocol on the world of asset management. It will now build its company on a blockchain protocol it doesn't control. The precedence for this kind of move in the tech world are many. It's not unheard for a startup to release an Open API and let other potential competitors build on it, while hoping ...

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