Ethereum Client Becomes First Public Blockchain Project on Hyperledger

Hyperledger has officially adopted its first public blockchain project in the form of ConsenSys’ Pantheon.

The Hyperledger technical steering committee approved Pantheon’s addition Thursday morning, renaming the initiative to Hyperledger Besu (a Japanese term for base or foundation). Pantheon was first proposed as a potential new member of the consortium on Aug. 8, joining the likes of Hyperledger Fabric (which IBM has supported) and Hyperledger Sawtooth (backed by Intel).

Pantheon includes a suite of ethereum-based services built by PegaSys, an engineering team at ConsenSys. These services can operate on top of ethereum’s public, private and test networks. Grace Hartley, strategy and operations associate at PegaSys, said Pantheon is ConsenSys’ only ethereum client in its suite of open-source projects.

Related:Santiago Stock Exchange to Partner in Blockchain Alliance

“We’ve always wanted to be a gateway for enterprises to public chains while also meeting the needs of private and permissioned networks,” Hartley told CoinDesk. “I think this is a good step in that process.”

Now the Hyperledger staff will work with ConsenSys to transfer Pantheon’s GitHub repository to the consortium and set up email lists and chat channels connected to the project. In recent months, ConsenSys has also donated ConsenSys CAVA to the Apache Software Foundation, which is now being incubated as Apache Tuweni.

“I expect it to be a pretty easy process,” said Brian Behlendorf, executive director of Hyperledger. “It’s already a very active open source project. Before it joined Hyperledger, it had its own life with external contributors working on it.”

Pantheon is interested in finding ways to potentially collaborate with Hyperledger Burrow, a modular blockchain client with a permissioned smart contract interpreter partially developed to the specification of the Ethereum Virtual Machine (EVM), Hartley said.

Related:Ethereum Poised to Be First Public Blockchain in Hyperledger Consortium

The Pantheon team is also interested in finding “cross-chain opportunities” with Tendermint, Burrow’s consensus algorithm, and in collaborating with Hyperledger Quilt because of its interledger protocol.

Hyperledger’s foray into ethereum began with Burrow, and the consortium has partnered with the Enterprise Ethereum Alliance to collaborate on common standards for the blockchain space. Hyperledger has also received a proposal from the Trusted Compute Framework, a project that follows the EEA’s standards regarding secure enclaves and other privacy approaches.

ConsenSys has been thinking about adding Pantheon to Hyperledger for the last several months, Hartley said. The company chose Pantheon because of its open-source license and its ability to build enterprise applications on the mainnet. The project’s most active users are within the financial services industry and use it especially for settlement and digital asset use cases.

“We’re eager to include the ethereum community especially when it comes to something like support for private transactions or support for smart contracts that run in a lot of different places,” Behlendorf said, adding:

“What’s going on in ethereum is something that other public blockchains should be tracking. Maybe solidity or an EVM programming language becomes more of the standard.”

Part of the requirements for projects looking to join Hyperledger is to be open-source under the Apache license or re-licensed as Apache. ConsenSys Open Source Chef Jim Jagielski co-founded the Apache Software Foundation with Behlendorf and others.

“The PegaSys team has been a quick study,” Behlendorf said. “A few folks on their team have been a part of other open-source projects.”

Brian Behlendorf image via CoinDesk archives

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Hyperledger Adopts ConsenSys’ Pantheon Project

Media TeamAugust 29, 2019 4:15 PM
August 29, 2019 4:15 PM
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Pantheon, a ConsenSys spoke that works to provide a suite of Ethereum-based services, has officially been adopted by Hyperledger’s technical steering committee, reportedly making it one of the first public blockchain projects to be taken on by the consortium.

Read the full article here.

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The media team is the collaborating entirety of the writing staff at ETHNews.

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Ethereum Client Becomes First Public Blockchain Project on Hyperledger

Hyperledger has officially adopted its first public blockchain project in the form of ConsenSys’ Pantheon.

The Hyperledger technical steering committee approved Pantheon’s addition Thursday morning, renaming the initiative to Hyperledger Besu (a Japanese term for base or foundation). Pantheon was first proposed as a potential new member of the consortium on Aug. 8, joining the likes of Hyperledger Fabric (which IBM has supported) and Hyperledger Sawtooth (backed by Intel).

Pantheon includes a suite of ethereum-based services built by PegaSys, an engineering team at ConsenSys. These services can operate on top of ethereum’s public, private and test networks. Grace Hartley, strategy and operations associate at PegaSys, said Pantheon is ConsenSys’ only ethereum client in its suite of open-source projects.

“We’ve always wanted to be a gateway for enterprises to public chains while also meeting the needs of private and permissioned networks,” Hartley told CoinDesk. “I think this is a good step in that process.”

Now the Hyperledger staff will work with ConsenSys to transfer Pantheon’s GitHub repository to the consortium and set up email lists and chat channels connected to the project. In recent months, ConsenSys has also donated ConsenSys CAVA to the Apache Software Foundation, which is now being incubated as Apache Tuweni.

“I expect it to be a pretty easy process,” said Brian Behlendorf, executive director of Hyperledger. “It’s already a very active open source project. Before it joined Hyperledger, it had its own life with external contributors working on it.”

Pantheon is interested in finding ways to potentially collaborate with Hyperledger Burrow, a modular blockchain client with a permissioned smart contract interpreter partially developed to the specification of the Ethereum Virtual Machine (EVM), Hartley said.

The Pantheon team is also interested in finding “cross-chain opportunities” with Tendermint, Burrow’s consensus algorithm, and in collaborating with Hyperledger Quilt because of its interledger protocol.

Hyperledger’s foray into ethereum began with Burrow, and the consortium has partnered with the Enterprise Ethereum Alliance to collaborate on common standards for the blockchain space. Hyperledger has also received a proposal from the Trusted Compute Framework, a project that follows the EEA’s standards regarding secure enclaves and other privacy approaches.

ConsenSys has been thinking about adding Pantheon to Hyperledger for the last several months, Hartley said. The company chose Pantheon because of its open-source license and its ability to build enterprise applications on the mainnet. The project’s most active users are within the financial services industry and use it especially for settlement and digital asset use cases.

“We’re eager to include the ethereum community especially when it comes to something like support for private transactions or support for smart contracts that run in a lot of different places,” Behlendorf said, adding:

“What’s going on in ethereum is something that other public blockchains should be tracking. Maybe solidity or an EVM programming language becomes more of the standard.”

Part of the requirements for projects looking to join Hyperledger is to be open-source under the Apache license or re-licensed as Apache. ConsenSys Open Source Chef Jim Jagielski co-founded the Apache Software Foundation with Behlendorf and others.

“The PegaSys team has been a quick study,” Behlendorf said. “A few folks on their team have been a part of other open-source projects.”

Brian Behlendorf image via CoinDesk archives

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Hedera Hashgraph launches mainnet, hopes to compete with global business networks

Hedera Hashgraph, an electronic public ledger developed for corporate use, launched its mainnet beta today, allowing developers to create an account and build decentralized applications (dApps) for it.

The distributed ledger technology (DLT) is a direct competitor to blockchain distributed ledgers such as Ethereum and Hyperledger, and claims it can outperform traditional financial and business networks.

“There is no direct equivalent to Hedera Hashgraph today,” said Martha Bennett, a principal analyst at Forrester Research. Hedera is potentially competing with public networks and all the enterprise DLT frameworks (such as Hyperledger Fabric & Sawtooth, R3 Corda, and others) and their commercial providers, which include AWS, IBM, Microsoft, Oracle.

At the same time, Hedera has garnered support from telecom players and tech vendors, even those that have their own blockchain services. Indian tech giant’s Tata Communications, IBM, Deutsche Telekom, and FIS Global, which acquired WorldPay earlier this year, are among 10 companies on Hedera’s governing council.

Once the beta is completed, the Hedera Hashgraph network will offer its “hbar” cryptocurrency, which the start-up said can achieve to 10,000 transactions per second on the network.

“Transactions per second,” Bennett said, is a term that’s almost meaningless because while you can feed transactions onto a network at a high rate, that means little unless they can also be finalized quickly.

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Santiago Stock Exchange Set to Partner in Blockchain Consortium

A new blockchain project is being launched to help stabilize and improve Chile’s stock market and attract foreign investors.

The Santiago Stock Exchange (STE), Central Securities Depository (DCV), and the Global Trade Directory (GTD) are set to establish a blockchain association, in order to work on a Hyperledger blockchain initiative. This, according to a BNamericas report, released on August 27, 2019.

The Technology Consortium will be looking into various use cases for distributed ledger technology (DLT) in the nation’s financial industry. The Consortium will aim to work on projects that enhance communications for local and international investors participating in Chile’s stock exchange.

During the next 18 months, the association members are planning to establish the Business Blockchain Network. The new network will run on a set of nodes, which will allow for interconnectivity, in order to “reduce applications, times, and costs of administrative processes.”

José Antonio Martínez, the general manager of the Santiago Stock Exchange, said:

“Innovation is a strategic pillar for the Santiago Stock Exchange. Through this Consortium we seek to generate the best conditions for the stock and financial business, with innovative and world-class solutions,”

In 2018, the STE launched the Linux Foundation’s Hyperledger framework to enhance the exchange’s short selling and other financial products. The Hyperledger technology stack is an enterprise-level, permissioned (private) blockchain network.

Recently, the International Swaps and Derivatives Association (ISDA) also started using certain components of the Hyperledger software.

During the course of the next six months, the association intends to formally define and complete the project’s main objectives. The Consortium members will be seeking feedback from the concerned parties. Production releases could begin after the relevant details have been finalized.

Latin American Banking Service Provider to Conduct Bitcoin Blockchain-based Cross-Border Transfers

On August 13, 2019, Bantotal, a major Latin American banking technology company, partnered with crypto exchange Bitex, in order to conduct Bitcoin blockchain-based cross-border transactions.

Manuel Beaudroit, chief marketing officer at Bitex, said:

“The integration of Bitex into Bantotal program represents a major step in the breakthrough of blockchain technology in banking.”

Bantotal is a leading Uruguay-based banking service provider that serves more than 60 financial institutions in 14 different countries.

Approximately 20 million people use the company’s money management services, a Bantotal representative said.

New Hyperledger to be Launched by the Santiago Stock Exchange (STE), and Others

Based on a recent report, the Santiago Stock Exchange (STE), the Global Trade Directory (GTD), and the Central Securities Depository (DVC) has come together to form a new Hyperledger blockchain project to stabilise the Chilean stock market and bring in new investors from overseas.

The Technology Consortium will investigate cases regarding the usage of blockchain in the financial sector, especially in the enhancement of communications for both domestic and international investors in the Chilean stock exchange.

Also, the association of businesses hopes to begin the Business Blockchain Network which will operate a collection of nodes within a year and a half. This interconnectivity is expected to help “reduce applications, times, and costs of administrative processes.”

José Antonio Martinez, the general manager of the Santiago Stock Exchange said that:

“Innovation is a strategic pillar for the Santiago Stock Exchange. Through this Consortium, we seek to generate the best conditions for the stock and financial business, with innovative and world-class solutions,”

Previously, the STE established the Linux Foundation’s Hyperpedger framework in 2018 so as to support short selling and other financial services.

While marketing the Hyperledger network, it was described as an enterprise-focused, permissioned blockchain. However, in recent months, the International Swaps and Derivatives Association (ISDA) also started making use of some parts of the software.

In addition, for the next six months, the consortium will start defining and finalising information about the initiative with input from institutions which got affected by it. Thereafter, production releases are expected within intervals of 6 months.

Bantotal and Bitex

In other news, top Latin American banking provider — Bantotal, has formed a partnership with digital currency exchange— Bitex to facilitate cross-border payments on the continent while utilising the bitcoin blockchain.

The Chief Marketing Officer at Bitex, Manuel Beaudroit said that:

“The integration of Bitex into Bantotal program represents a major step in the breakthrough of blockchain technology in banking.”

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New Hyperledger to be Launched by the Santiago Stock Exchange (STE), and Others

Based on a recent report, the Santiago Stock Exchange (STE), the Global Trade Directory (GTD), and the Central Securities Depository (DVC) has come together to form a new Hyperledger blockchain project to stabilise the Chilean stock market and bring in new investors from overseas.

The Technology Consortium will investigate cases regarding the usage of blockchain in the financial sector, especially in the enhancement of communications for both domestic and international investors in the Chilean stock exchange.

Also, the association of businesses hopes to begin the Business Blockchain Network which will operate a collection of nodes within a year and a half. This interconnectivity is expected to help “reduce applications, times, and costs of administrative processes.”

José Antonio Martinez, the general manager of the Santiago Stock Exchange said that:

“Innovation is a strategic pillar for the Santiago Stock Exchange. Through this Consortium, we seek to generate the best conditions for the stock and financial business, with innovative and world-class solutions,”

Previously, the STE established the Linux Foundation’s Hyperpedger framework in 2018 so as to support short selling and other financial services.

While marketing the Hyperledger network, it was described as an enterprise-focused, permissioned blockchain. However, in recent months, the International Swaps and Derivatives Association (ISDA) also started making use of some parts of the software.

In addition, for the next six months, the consortium will start defining and finalising information about the initiative with input from institutions which got affected by it. Thereafter, production releases are expected within intervals of 6 months.

Bantotal and Bitex

In other news, top Latin American banking provider — Bantotal, has formed a partnership with digital currency exchange— Bitex to facilitate cross-border payments on the continent while utilising the bitcoin blockchain.

The Chief Marketing Officer at Bitex, Manuel Beaudroit said that:

“The integration of Bitex into Bantotal program represents a major step in the breakthrough of blockchain technology in banking.”

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New Hyperledger to be Launched by the Santiago Stock Exchange (STE), and Others

Based on a recent report, the Santiago Stock Exchange (STE), the Global Trade Directory (GTD), and the Central Securities Depository (DVC) has come together to form a new Hyperledger blockchain project to stabilise the Chilean stock market and bring in new investors from overseas.

The Technology Consortium will investigate cases regarding the usage of blockchain in the financial sector, especially in the enhancement of communications for both domestic and international investors in the Chilean stock exchange.

Also, the association of businesses hopes to begin the Business Blockchain Network which will operate a collection of nodes within a year and a half. This interconnectivity is expected to help “reduce applications, times, and costs of administrative processes.”

José Antonio Martinez, the general manager of the Santiago Stock Exchange said that:

“Innovation is a strategic pillar for the Santiago Stock Exchange. Through this Consortium, we seek to generate the best conditions for the stock and financial business, with innovative and world-class solutions,”

Previously, the STE established the Linux Foundation’s Hyperpedger framework in 2018 so as to support short selling and other financial services.

While marketing the Hyperledger network, it was described as an enterprise-focused, permissioned blockchain. However, in recent months, the International Swaps and Derivatives Association (ISDA) also started making use of some parts of the software.

In addition, for the next six months, the consortium will start defining and finalising information about the initiative with input from institutions which got affected by it. Thereafter, production releases are expected within intervals of 6 months.

Bantotal and Bitex

In other news, top Latin American banking provider — Bantotal, has formed a partnership with digital currency exchange— Bitex to facilitate cross-border payments on the continent while utilising the bitcoin blockchain.

The Chief Marketing Officer at Bitex, Manuel Beaudroit said that:

“The integration of Bitex into Bantotal program represents a major step in the breakthrough of blockchain technology in banking.”

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New Hyperledger to be Launched by the Santiago Stock Exchange (STE), and Others

Based on a recent report, the Santiago Stock Exchange (STE), the Global Trade Directory (GTD), and the Central Securities Depository (DVC) has come together to form a new Hyperledger blockchain project to stabilise the Chilean stock market and bring in new investors from overseas.

The Technology Consortium will investigate cases regarding the usage of blockchain in the financial sector, especially in the enhancement of communications for both domestic and international investors in the Chilean stock exchange.

Also, the association of businesses hopes to begin the Business Blockchain Network which will operate a collection of nodes within a year and a half. This interconnectivity is expected to help “reduce applications, times, and costs of administrative processes.”

José Antonio Martinez, the general manager of the Santiago Stock Exchange said that:

“Innovation is a strategic pillar for the Santiago Stock Exchange. Through this Consortium, we seek to generate the best conditions for the stock and financial business, with innovative and world-class solutions,”

Previously, the STE established the Linux Foundation’s Hyperpedger framework in 2018 so as to support short selling and other financial services.

While marketing the Hyperledger network, it was described as an enterprise-focused, permissioned blockchain. However, in recent months, the International Swaps and Derivatives Association (ISDA) also started making use of some parts of the software.

In addition, for the next six months, the consortium will start defining and finalising information about the initiative with input from institutions which got affected by it. Thereafter, production releases are expected within intervals of 6 months.

Bantotal and Bitex

In other news, top Latin American banking provider — Bantotal, has formed a partnership with digital currency exchange— Bitex to facilitate cross-border payments on the continent while utilising the bitcoin blockchain.

The Chief Marketing Officer at Bitex, Manuel Beaudroit said that:

“The integration of Bitex into Bantotal program represents a major step in the breakthrough of blockchain technology in banking.”

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New Hyperledger to be Launched by the Santiago Stock Exchange (STE), and Others

Based on a recent report, the Santiago Stock Exchange (STE), the Global Trade Directory (GTD), and the Central Securities Depository (DVC) has come together to form a new Hyperledger blockchain project to stabilise the Chilean stock market and bring in new investors from overseas.

The Technology Consortium will investigate cases regarding the usage of blockchain in the financial sector, especially in the enhancement of communications for both domestic and international investors in the Chilean stock exchange.

Also, the association of businesses hopes to begin the Business Blockchain Network which will operate a collection of nodes within a year and a half. This interconnectivity is expected to help “reduce applications, times, and costs of administrative processes.”

José Antonio Martinez, the general manager of the Santiago Stock Exchange said that:

“Innovation is a strategic pillar for the Santiago Stock Exchange. Through this Consortium, we seek to generate the best conditions for the stock and financial business, with innovative and world-class solutions,”

Previously, the STE established the Linux Foundation’s Hyperpedger framework in 2018 so as to support short selling and other financial services.

While marketing the Hyperledger network, it was described as an enterprise-focused, permissioned blockchain. However, in recent months, the International Swaps and Derivatives Association (ISDA) also started making use of some parts of the software.

In addition, for the next six months, the consortium will start defining and finalising information about the initiative with input from institutions which got affected by it. Thereafter, production releases are expected within intervals of 6 months.

Bantotal and Bitex

In other news, top Latin American banking provider — Bantotal, has formed a partnership with digital currency exchange— Bitex to facilitate cross-border payments on the continent while utilising the bitcoin blockchain.

The Chief Marketing Officer at Bitex, Manuel Beaudroit said that:

“The integration of Bitex into Bantotal program represents a major step in the breakthrough of blockchain technology in banking.”

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