Following more than a year of development, FundRequest has released a new blockchain platform built specifically for the funding, claiming, and rewarding of open source contributions. The company aims to introduce a new approach towards open source development that benefits both the developers who are creating the code and the organizations that use it, with the overall goal of further driving the applications of open source technology.
Using an Ethereum based platform, it will provide the open source community with incentives to develop solutions for their peers and businesses alike. Open source is increasingly being considered the most effective way forward as alternatives continue to suffer from hacks and failures. By using open source, a more secure and effective solution can be developed as more people can analyse the details for potential flaws or inefficiencies. The use of open source platforms and technologies, from Linux to WordPress, has seen a huge increase in adoption amongst businesses and industry over the past decade. Many organizations have begun to realise the benefits and have begun to turn to open source to develop software solutions. In the US alone, it is estimated that over $60 billion each year is saved by companies using open source technology.