- Analytics
- Big Data
- Case Studies
- Datacentre
- Cloud
- eGov
- IoT
- IT Infra
- Leadership
- Mobile/Social
- Mobility
- Security
- Storage
- Miscellaneous
- Insights
- Digital Transformation
- Blockchain
- Workplace
- Collaboration
- Developer
- Digital India
- Infrastructure
- Networking
- Software Defined
- Telecom
- Semiconductor
- Networking
- AI / ML / BOTS
- BPO/BPM/IT Services
- Blockchain
- Security
- Insights
- Leadership
- Miscellaneous
- Enterprise Applications
- FinTech
- Innovation
- Developer
- AI/Bots/ML
Wireline Opens Applications for World’s Biggest Open Source Developer Fund
The next generation of cloud apps to be the first to be funded by a token sale
Photo Credit : Reuters,
Wireline, the cloud application marketplace and serverless architecture pioneer, is opening applications for its open source developer fund.
The fund will be investing in developers crafting applications to power the next generation of the cloud. It is the first time that funds from a token sale will be used to support open source software development.
Wireline has developed a full service platform for enterprise microservices - from design through to deployment and managements. A key element of the platform is its App Exchange, a marketplace that brings together microservices from across the web. The App Exchange connects apps and professional services with enterprises seeking to build sophisticated solutions from multiple open source vendors.
With global IT spend approaching US$1.5 trillion, there is huge potential for open source developers to gain a larger share of enterprise IT budgets. But until now, open source development has not had a platform that has adequately supported the needs of the lucrative enterprise IT market.
Lucas Geiger, CEO of Wireline, states: “Currently, open source projects are underfunded and developers aren’t motivated to build new applications because maintaining them is a thankless task. We want to change that by creating an ecosystem that rewards developers, and helps enterprises gain leverage from the extended open source community. We’re excited to open the application process, see the ideas and support the talented people building the next generation of cloud apps.”
Wireline is holding a token sale to fund platform development as well as provide funds for the Wireline Developer Fund, 80 percent of the funds raised will go directly to the Wireline Developer Fund. As a result, Wireline anticipates committing US$100,000 to approximately 30 projects.
Winning projects will be paid in Wireline tokens, Bitcoin and cash, and will be publicly visible on the Ethereum blockchain, using the WRL Token.
