Continuing our series on Matrix’s achievements of 2018 is today’s throwback segment. While all of 2018 has been popularized as the dreaded bear market season, it nevertheless had both positive and negative effects on the cryptocurrency market sphere. The 2018 bear market led to low liquidity, low market valuations, and of course, shattered sentiment. While the effects stemming from such conditions caused many projects to freeze or stop development, it also prompted projects to push for real results. Matrix AI Network is a prime example of a project that pushed for hyper development in both tech and partnerships.

While we have explored many of Matrix’s partnerships in previous articles, today we will talk about Matrix and the Linux Foundation.

Linux is the largest and most pervasive open source software project in history. It has seen massive acceptance in almost every sector, including financial services, government, education, and even film production.²

In 2018, Matrix was proud to announce its joint membership with the Linux Foundation and the Hyperledger Project. You may of course be asking, “What is the Linux Foundation?”

“The Linux foundation is is a non-profit technology consortium founded in 2000 as a merger between Open Source Development Labs and the Free Standards Group to standardize Linux, support its growth, and promote its commercial adoption. It also hosts and promotes the collaborative development of open source software projects.

Linux has a vast number of supporting members such as AT&T, Cisco, Fujitsu, Hitachi, Huawei, IBM, Intel, Microsoft, NEC, Oracle, Qualcomm, and Samsung, as well as developers from around the world.”¹

Did you know?

Linux is the operating system for over 95% of the top one million domains

More than 80% of new smartphones sold run Android, which is based on the Linux kernel

All of the top 500 supercomputers in the world run on Linux

Most of the global markets run on Linux, including the New York Stock Exchange, NASDAQ, the London Exchange, and the Tokyo Stock Exchange

The majority of consumer electronics devices use Linux for its small footprint

More than 75% of cloud-enabled enterprises report using Linux as their primary cloud platform

Linux is the go-to infrastructure supporting the world’s ecommerce leaders, including Amazon, eBay, PayPal, Walmart, and others.³

“Matrix AI Network is a platform which incorporates blockchain and AI to enable the realization of the Intelligent Blockchain. The use of AI allows innovations such as natural-language smart contracts (Intelligent Contracts), continual network optimization, formal contract security verification, and much much more. — Matrix AI Network”

Matrix no doubt achieved a flurry of accomplishments during the 2018 bear market. The progress made during this time sets the foundation for the accomplishments of the future. Matrix fans can definitely expect a new wave of progress to be made in the coming future!