Is Code Valley Bitcoin's 'Killer App'?

A new marketplace has announced its private beta release for the platform that wants to change the paradigm of software. Code Valley – dubbed the “free market” for software – aims to industrialize the coding and application industry. The creators of the technology are a team of Australian engineers that have enabled a market for developers to contribute to projects and earn bitcoin.

Also read: Five Bitcoin Features to Get Excited About

Code Valley Aims to Industrialize the Software Industry with Bitcoin

Founded in 2000 by technology entrepreneur and Bitcoin advocate Noel Lovisa, Code Valley is the outcome of the creators fascination with Doug McIlroy’s theories. McIlroy is a famous mathematician and programmer who observed that the “software industry is not industrialized.” When Lovisa discovered digital currency in 2011, he immediately realized that “a software supply-chain, fueled by a Bitcoin blockchain, would make a dangerous combination.”

Now with Code Valley’s technology, developers can trade specialized design services for bitcoin, making it an automated market for software. Programmers create their own vendor who acts as an automated assistant and “intellectual property guardian.” The program of suppliers then promotes an owner’s expertise and helps facilitate design decisions automatically.

As time progresses the marketplace forms layers of “stacks and levels of abstraction.” If a developer is in high demand, the vendor could be contracted hundreds of times. With a streamline of cryptocurrency revenue, the “marketplace becomes a global software supply-chain inside the software development process.”

Since the rise computers and the internet, IT departments everywhere have wondered how the software industry could become industrialized. If specialized standards were to come into effect seamlessly, automated tasks could be fulfilled at very low costs. Lovisa believes his company has figured out how to accomplish this goal, allowing them to maintain software industrialization.

Lovisa says Code Valley has already overcome this issue. He stated in the beta release announcement:

This technology dispenses with formal runtime interfaces and uses no glue-logic whatsoever, making it the first development process of its kind capable of approaching optimal software solutions. Current methods will find it difficult to not only keep up on the productivity front, but will be hopelessly outclassed on a technical front as well, making this technology very competitive indeed.

Code Valley says they will be releasing the technology in three phases, and the private beta release is called Whitney. The next releases Ford and McIlroy will transition after each new phase earns a “milestone.”

The project is currently accepting requests for the Whitney phase and developers can sign up today. Developers invited to the beta release will be the first to begin populating the network, and Code Valley hopes to empower people with this technology.

“With the culmination of the McIlroy release, this technology will have become the world’s first decentralized peer-to-peer software development system, a system underpinned by the world’s first peer-to-peer decentralized currency; Bitcoin’s killer app,” the company claims in its mission statement.

Bitcoin.com will keep an eye on this project as it progresses and keep our readers informed of its development.

https://www.youtube.com/watch?v=aTeCNmnxWO4

Do you think software industrialization is necessary? Let us know in the comments below!

Images courtesy of Code Valley, Linkedin