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Finterra: A New Home for Open Source Development

THE STORY OF DEVELOPING AN OPEN SOURCE GATEWAY
Tech teams around the world are introducing service-oriented architectures or micro-services into day to day applications. This leads to numerous services, which can be written in any technology, exposing several types of integrated development environment (IDE) with changing requirements.

The term “open source” refers to something anyone can modify and share because its design is publicly accessible.

The term originated in the context of software development to designate a specific approach to creating computer programs. Today, however, “open source” designates a broader set of values—what we call “the open source way.” Open source projects, products, or initiatives embrace and celebrate principles of open exchange, collaborative participation, rapid prototyping, transparency, meritocracy, and community-oriented development.

THE DIFFERENCES BETWEEN OPEN SOURCE VS PROPRIETARY SOFTWARE
Open source
Open source software is different. Its authors make its source code available to others who would like to view that code, copy it, learn from it, alter it, or share it. LibreOffice and the GNU Image Manipulation Program are examples of open source software.
• Freely available source is available (can be edited into your own copyright)
• Free is used to refer to the software’s price
• Software installation can be done freely into any computer

Proprietary software
Only the original authors of proprietary software can legally copy, inspect, and alter that software. And in order to use proprietary software, computer users must agree (usually by signing a license displayed the first time they run this software) that they will not do anything with the software that the software’s authors have not expressly permitted. Microsoft Office and Adobe Photoshop are examples of proprietary software.
• Purchased without source code
• Cannot modify the software
• Must have a license from the vendor

A NEW DECENTRALISED SOLUTION
A new blockchain from out of Singapore, Finterra is currently making waves in the tech community, Finterra strongly believes that a healthy open source community is the primary factor in maintaining a sustainable and transparent ecosystem.

Finterra provides a large set of modular, easy to use tools for fast and agile development of smart contract applications and personalized blockchains;
• Applications are deployed in sandboxed environments for security, scalability, and stability;
• SDKs are provided to make smart contracts easily upgradeable, standardizable, and auditable;
• In-depth documentation and open channel communications are provided for all elements of the Open Source Development system.

The ability for 3rd party developers to build on the Finterra platform will only add strength to strength as they move into the next stage of the financial frontier.

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