Hyperledger Continues To Grow As Eight New Members Join The Consortium Among Them …

Global Blockchain Business Council (GBBC)and Cardano’s IOHK are among the latest members to join Hyperledger. The eight new members span from firms operating in blockchain-based payments, supply chain solutions, and token standardization.

Eight new members join hyperledger as the adoption of token standardization grows

Hyperledger is a group of companies that working on distributed ledger technologies-based open-source business solutions. Linux Foundation launched the consortium in December 2015. Since then, the project has received contributions from Intel, IBM, and other top tech firms working on blockchain applications.

Among the new members that have joined the consortium include industry veterans IOV Labs which was formerly called RIF Labs, Cryptocurrency payment platform Public Mint as well as IOHK, the firm behind Cardano (ADA. Other new entrants include Atomyze, a Swiss-based tokenization platform launched by TokenTrust AG, and Japanese PR and consulting firm Binarystar.

Deutsche Bahn’s digital-focused subsidiary, DB Systel GmbH, also joined hyperledger. The company’s blockchain and distributed ledger solutions’ head, Moritz von Bonin, indicated that the company was working on various DLT applications in logistics supply chains, mobility services, and railway control systems.

Hyperledger Executive Director Brian Behlendorf indicated that as the crop of new members shows, the consortium is focused on putting blockchain and DLT to work across the world in various industries.

InterWork Alliance and GBBC join hyperledger as associates

Besides the new firms joining the consortium, InterWork Alliance and Global Blockchain Business Council also joined hyperledger as associate members. InterWork is a non-profit launched at the beginning of this month to establish standardized frameworks in various platforms that support tokens and distributed applications. GBBC works in publishing tokenization research, engaging lawmakers as well as promoting its Global Blockchain Standards Initiative.

At the beginning of this month, the consortium formed a collaboration with tech giants, IBM and Microsoft, to develop global tokenization standards. Widespread token standardization is becoming a requirement for increased acceptance of tokenization.

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IOVlabs Joins Linux Foundation’s Hyperledger to Accelerate Enterprise and Government Adoption …

GIBRALTAR / ACCESSWIRE / June 11 2020 / IOVlabs, the parent company of Bitcoin-powered smart contract platform RSK and its RSK Infrastructure Framework (RIF), has joined the Linux Foundation and Hyperledger. An open source collaboration to advance blockchain technologies, Hyperledger is a Linux Foundation project with more than 250 members, including companies such as Citi, JP Morgan, Telefonica and IBM.

Joining the Hyperledger community paves the way for IOVlabs to utilize Hyperledger Besu technology, alongside its own RIF-based technologies, to develop enterprise and government-oriented projects. Besu is an enterprise-friendly Ethereum client for public and private permissioned networks.

“We are thrilled to become part of the Linux Foundation, one of the leading organizations in the promotion of open source software and ecosystems,” said IOVlabs CEO Diego Gutierrez Zaldivar. “All of the software used within the RSK network and developed by IOV Labs is open sourced, and our ethos closely aligns with that of Linux. Our membership in the Linux Foundation and Hyperledger will accelerate adoption of open blockchain standards that foster financial freedom, transparency, and trust.”

Brian Behlendorf, executive director at Hyperledger, added: “IOVlabs’ ambition to establish a fairer and more inclusive financial system lends itself to a number of compelling use cases for blockchain. It’s gratifying to envision Hyperledger’s open source, community-built technologies as a foundation for that mission. We welcome IOVlab’s commitment to creating open, decentralized platforms and the support of its global team in continuing to grow the Hyperledger ecosystem.”

IOVlabs has developed a number of blockchain-based solutions for enterprises including Gasnet, a blockchain network focused on Argentina’s natural gas distribution ecosystem, and a proof of concept for the country’s central bank. Now, it plans to expand its offerings through the partnership with the Linux Foundation and the deployment of Hyperledger Besu.

About IOVlabs

IOVlabs develops the blockchain technologies needed for a new global financial ecosystem; one that fosters opportunity, transparency, and trust. The organization currently develops the RSK Smart Contract Network, RIF, and Taringa! Platforms.

The RSK Network is one of the more secure smart contract platforms in the world, designed to leverage Bitcoin’s unparalleled hash power while extending its capabilities. RIF’s suite of open and decentralized infrastructure protocols enable faster, easier and scalable development of distributed applications (dApps) within a unified environment. Taringa is Latin America’s largest Spanish speaking social network with 30 million users and 1,000 active online communities.

Contact:

Dan Edelstein

pr@marketacross.com

+972-545-464-238

SOURCE: IOV Labs

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Cardano’s IOHK and Global Blockchain Business Council Join Hyperledger

Eight new members have joined Hyperledger, including several firms targeting tokenization initiatives.

Hyperledger is a consortium of firms working on open-source enterprise solutions using distributed ledger technologies (DLT). Launched in December 2015 by the Linux Foundation, the project has since received contributions from IBM, Intel, and other leading tech firms exploring blockchain applications.

Blockchain veterans among the new members, include IOHK, the company behind Cardano (ADA), IOV Labs — formerly RIF Labs — and crypto-friendly payments platform Public Mint.

Other new entrants include Japanese consulting and PR firm Binarystar, and Atomyze, a tokenization platform launched by Switzerland’s TokenTrust AG.

DB Systel GmbH, is a digital-focused subsidiary of German railway company Deutsche Bahn. Moritz von Bonin, the company’s head of blockchain and DLT solutions, said the company is working on applications for distributed ledger technologies in the context of mobility services, logistics supply chains, and rail control systems.

Brian Behlendorf, Executive Director, Hyperledger said:

“As our line-up of new members underscore, the Hyperledger community is about putting blockchain to work in impactful ways around the world and across industries.”

Associating with Hyperledger

The Global Blockchain Business Council (GBBC) and the InterWork Alliance are also joining Hyperledger as new associate members.

The non-profit InterWork Alliance launched earlier this month with the aim of establishing standardized frameworks across platforms supporting distributed applications and tokens.

The GBBC works to engage lawmakers, publishes research on tokenization, and promotes its Global Blockchain Standards Initiative.

Hyperledger pushes for tokenization standards

Earlier this month, Hyperledger established an alliance alongside tech conglomerates Microsoft and IBM to develop global standards for tokenized ecosystems.

In an interview with Cointelegraph, IWA chairman Marlay Gray emphasized the importance of widespread standardization as a requisite foundation for the widespread adoption of tokenization:

“Without a standardized set of common terms, definitions and business level specifications, developers have to interpret inconsistent business requirements and translate them to write code for every blockchain platform and each token standard for a token-based business use case to work. This complexity makes wide-scale adoption difficult,” Gray said.

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Cardano’s IOHK Partners with Hyperledger

The research and development arm of Cardano, IOHK, is the latest team to join the Hyperledger group.

Hyperledger is an open-source blockchain consortium which focuses on bringing solutions and structures to more than 250 member companies, which include industry leaders in finance, banking and technology.

This year they have added more and more blockchain companies including Walmart and have a host of other recognisable companies as members, like FedEx, Ripple and Huawei.

Now eight others including IOHK have come onboard. These new members include DB Systel GmbH, IOVlabs, Public Mint, Binarystar, Atomyze by Tokentrust AG, who will all now be part of the multi-venture, multi-stakeholder effort hosted at the Linux Foundation.

In a blog post shared on Thursday, Roman Pelerin the Chief Technology Officer at IOHK revealed the news and set out the reasons for the partnership, saying:

“One of IOHK’s founding principles is its belief in nurturing a collaborative ecosystem for blockchain development. Our commitment to knowledge-sharing and to our deeply-held principles of open-source serves as the rationale behind becoming a member of the Hyperledger community.”

The entrance of IOHK also has many benefits for the group and potentially their Cardano project. The new collaborators offered can also increase their interoperability and aid the development of IOHK’s enterprise blockchain projects in the future.

The team at Hyperledger are similarly pleased with the partnership with IOHK. “Our goal at Hyperledger is to bring together a strong and diverse community to advance cross-industry blockchain technologies,” said Brian Behlendorf, executive director at Hyperledger. “IOHK has the deep domain expertise and a strong vision for decentralized networks that make it a great addition to our community.”

Cardano and IOHK have a good 2020 with Shelley Announcement

The news tops off what has been a good 2020 for IOHK and Cardano. The team were able to announce the roadmap for the Shelley upgrade which their founder Charles Hoskinson revealed on a podcast.

As a result of industry excitement, Cardano’s native token, ADA, jumped 60% in price despite the bearish trend. The final upgrade will be here by July 7th at the latest said Hoskinson and the group will celebrate the full release by hosting a Virtual Summit.

On June 9th Cardano launched their Shelley Upgrade public testnet, something IOHK revealed to their growing community via Twitter, calling it, “a hugely important milestone on our shared journey to Shelley mainnet.”

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Eight New Members Join Hyperledger

Binarystar

“The Hyperledger community is building one of the most well-studied and well-regarded core blockchain technologies with practical use in large industries,” said Junya Yamamoto, CEO of Binarystar. “Binarystar is happy to participate in the future of this journey by being in the center of the Japanese blockchain industry harvesting and delivering its content directly to over 3,000 and ever-growing base of Japanese members at our blockchain-exclusive business hub.”

DB Systel GmbH

“We are excited to join the Hyperledger community, one of the largest frameworks for development and cooperation on setting up enterprise-grade blockchain solutions and standards,” said Moritz von Bonin, Head of Blockchain & DLT solutions, DB Systel GmbH. “At DB Systel, Deutsche Bahn’s digital partner, over the last few years we have been developing promising ways of deploying the blockchain technology for Deutsche Bahn and other companies. The diverse ideas range from mobility as a service platform, logistics supply chains through to blockchain-based rail control system. We look forward to contributing by exploring collaboration opportunities on multiple technological aspects and cutting-edge projects together with the community members.”

IOHK

“The Hyperledger community has an exceptional wealth of shared knowledge and expertise, and we look forward to developing strong relationships with other members of the consortium in order to share our original research, build synergies with other blockchain providers and develop new industrial and business collaborations,” Romain Pellerin, Chief Technical Officer at IOHK. “In particular, membership in Hyperledger will inform the development of our enterprise blockchain solutions and the work we’re doing with governments in developing countries. IOHK is founded on the principles of open source software and decentralized networks, and we would never seek to patent any of our technological advances. It’s great to be involved in an organization which shares that philosophy and is working towards utilising blockchain to create a better industry, and more open, accessible world.”

IOVlabs

“We are thrilled to be part of the Linux Foundation, one of the leading organizations in the promotion of open source software and ecosystems. All of the software contributed to the RSK Network and Infrastrastructure Framework (RIF) by IOVlabs was open sourced and built together with the community. This is essential to provide transparency for the blockchain financial infrastructure we are building,” said Diego Gutierrez Zaldivar, IOVlabs CEO. “Harnessing the benefits of the Bitcoin Network with a suite of tools to create and protect the wealth of those more vulnerable in our society, we’re planting the seeds for global financial freedom, and our membership in the Linux Foundation and Hyperledger will help us accelerate the development and adoption of blockchain platforms fostering opportunity, transparency and trust throughout the world.

Public Mint

“At Public Mint, we believe it’s fundamental to have a frictionless, easy, accessible and open capability to move fiat locally and globally,” said Halsey Minor, founder and CEO at Public Mint. “We’re very excited to be part of the Hyperledger community, and we think this is a great opportunity to work together, addressing business processes in an effective and innovative way. Built on top of Hyperledger Besu, Public Mint is charting new territory as a fiat-native blockchain platform that allows anyone to easily create fiat accounts and transfer funds between any individual, business, device, application and bank. After 25 years of innovating in the enterprise, I can clearly see that with blockchain we are beginning the next major chapter in the incredible story of technology adding business value.”

Members big and small are collaborating across company and country lines to ensure the success of Hyperledger business blockchain technologies, building products, services and solutions on top of Hyperledger code bases that are critical to their lines of business. Learn more about becoming a member of Hyperledger.

About Hyperledger

Hyperledger is an open source collaborative effort created to advance cross-industry blockchain technologies. It is a global collaboration including leaders in finance, banking, healthcare, supply chains, manufacturing and technology. Hyperledger hosts many enterprise blockchain technology projects including distributed ledger frameworks, smart contract engines, client libraries, graphical interfaces, utility libraries and sample applications. All Hyperledger code is built publicly and available under the Apache license. The Linux Foundation hosts Hyperledger under the foundation. To learn more, visit: https://www.hyperledger.org/.

Contact:

Emily Fisher

Linux Foundation/Hyperledger

PR@Hyperledger.org

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Hyperledger Cactus: Fujitsu and Accenture seek reliable blockchain interoperability

https://www.fujitsu.com/global/about/resources/news/press-releases/2020/0515-01.htmlFujitsu Laboratories Ltd., Fujitsu Laboratories of America Inc. (FLA) and Accenture are collaborating (as approved by Hyperledger) under the name: the ‘Hyperledger Cactus‘ project. This is an open source software (OSS) collaborative effort. Its purpose is to advance cross-industry blockchain technologies hosted by the Linux Foundation. The companies will also open source a software development kit (SDK) so as to offer services in order to integrate multiple blockchains for software developers.

Hyperledger Cactus has moved quickly through the process of becoming a Hyperledger project thanks to the support and initial code contributions of Accenture and Fujitsu and a compelling use case,” said Brian Behlendorf, executive director of Hyperledger. “There is strong community interest in facilitating the flow of information and transactions across disparate blockchains, and Hyperledger Cactus is tackling that challenge. Now that Hyperledger Cactus is a full Hyperledger project, there will be an even bigger pool of resources and contributors driving this project forward with the aim of delivering market-ready blockchain integration technologies.

Brian Behlendorf, executive director of Hyperledger
Brian Behlendorf, executive director of Hyperledger

Genesis of Hyperledger Cactus

Blockchains are difficult to modify. On the other hand, they do not require central management. The result is that adoption is increasing in non-financial areas, for example content management and rights management.

In an environment with real asset digitisation, users want to trade these via applications which may interact with multiple blockchains. In such circumstances, a user requires a starting point of trust applicable to the interconnection. This suggests the need for a common platform to protect the transparency and security of such interconnections.

In November 2017, Fujitsu Laboratories developed a proprietary security technology – ConnectionChain – to enable the safe interconnection of blockchains with varying implementation methods and objectives. The software for exchanging different private coins was made available as OSS.

Under the new project Hyperledger Cactus, Fujitsu Laboratories and FLA will integrate the ConnectionChain technology with Accenture’s Blockchain Integration Framework. Jointly they will develop a platform for interconnecting blockchains. This should enhance and deepen digital transformations.

Hyperledger Cactus

The two companies originally submitted a proposal for the development of an open-source software project for integration between multiple blockchains. Accenture, Fujitsu Laboratories and FLA will use Fujitsu’ ConnectionChain proprietary security technology as the basis for the development of infrastructure software so that multiple different blockchains work together. By becoming Hyperledger Cactus. the software becomes open-source.

The Hyperledger Cactus project will develop the foundation for a new architecture. The latter will seek to eliminate differences such as the:

  • timing of transactions between multiple blockchains
  • enabling of asset transfers
  • recovery from transaction errors.

The new open-source technology aims to create a modular, extensible system which will enable integration, communication, operations and transactions between different blockchains. The companies will also offer an SDK as OSS. This will open up the offering of services which can integrate multiple blockchains for software developers.

By working with Accenture, Fujitsu Laboratories and FLA plan to develop an infrastructure software which will:

A practical example

By applying the infrastructure of Hyperledger Cactus to car-sharing, for example, it will be possible to create a new service where a car driver can temporarily use a car in exchange for transferring private coins. This would link:

  • a car-sharing service blockchain (that manages the rights of car usage)
  • a blockchain handling private coins.
Hyperledger Cactus – car sharing example

The difference is this. Unlike conventional blockchains, which cannot integrate different blockchains or refund excess money back from remitted coins, the Hyperledger Cactus framework will automate the linkages between different blockchains. Moreover, the technology can monitor the results of such operations, thereby facilitating the development of integrated services which combine multiple blockchains.

Enterprise Times: what does this mean

One of the obstacles to enterprise adoption of blockchain was, and is, the difficulty of integrating different blockchain technologies. Most enterprises understand, at some point, they will have to address this. Many are reluctant to commit until there is some clarity about a path forwards.

By leveraging Fujitsu’s ConnectionChain and Accenture’s Blockchain Integration Framework, the Hyperledger Cactus project will establish a foundation for a new architecture. An initial attraction is that this will eliminate differences such as the timing of transactions between multiple blockchains.

However, from a broader perspective – one that arguably extends beyond Hyperledger, the principles embedded in such a foundation will be usable elsewhere. Indeed, this may turn out to be the effect with the most impact of Hyperledger Cactus.

Related:

Cardano’s IOHK joins Hyperledger Project and W3C

  • Charles Hoskinson confirms in a new interview that IOHK, the development company behind Cardano, has joined the Hyperledger Project and W3C.

  • The partnership is intended to promote a fruitful exchange of knowledge between all actors involved.

The founder of Cardano and CEO of Input Output Hong Kong (IOHK), Charles Hoskinson, confirmed in a recent interview that IOHK has joined the Hyperledger Project and W3C. Hoskinson believes that all parties can achieve synergy and make great strides by expanding the network and increasing knowledge.

Hoskinson describes that Cardano has developed numerous enterprise ledger use cases that will be further discussed, tested and used within the consortium:

We would like to start consolidating some of our enterprise ledger ideas and bring it there, “A”, because there’s just a lot of knowledge in that circle. And “B”, it helps us with the bidding process. When we’re deploying a permissioned system, government procurement and corporate procurements, a little bit more familiar with Hyperledger.

The Hyperledger blockchain consortium was founded in 2015 and aims to provide a common platform for the exchange of knowledge and experience as well as resources for the further development of blockchain projects. IBM and Linux are considered to be leading the way, with other heavyweights in the financial and tech industry, such as JP Morgen, Well Fargo, Cisco, Intel and the London Stock Exchange among the founders.

Ripple already joined the consortium last year to also benefit from joint development and collaboration. The World Wide Web Consortium is a body that works on the standardization of the Internet and was founded in 1994 at the MIT Laboratory for Computer Science in Cambridge.

IOHK will present Cardano’s development plan for an enterprise-ready version

The contract between Cardano and IOHK expires at the end of this year, but is to be extended for another 5 years. In the new draft contract, IOHK will present an enterprise-capable version of Cardano, which will primarily promote adaptation in the corporate sector. IOHK states that this development will be further researched in the blockchain consortium:

One of the things that we will explore is how do we create an enterprise version of Cardano? And we’ll make a proposal for that at the end of the year when we’re proposing to the community IOHK contract renewal for the next five years for Cardano. And there’s going to be certainly an enterprise component to that renewal. And we’d love to pursue that strategy through the hydrologic group at the Linux Foundation.

The design of the Cardano ecosystem allows easy switching between a permissionless and permissioned approach. In contrast to the actors of the permissionless approach, the participants in the permissioned approach of blockchains are known and rigidly defined. Thus, these participants can receive special privileges or rights, which can be an important factor especially in the corporate world. Hoskinson explains:

The way that we design Cardano, we made it very easy to switch between a permissionless and a permissioned mode.

This flexible use case could make Cardano usable for many companies, as the configuration of the blockchain can be adapted to the needs of the companies.

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Cardano Development Company to Join Hyperledger Project & W3C

IOHK, the company charged with the development of Cardano (ADA) will be joining the Hyperledger Project and W3C.

Cardano founder and CEO and co-founder of IOHK, Charles Hoskison, in a recent Cointelegraph interview, confirmed that the company will be joining the two organizations.

Will help with bidding process

Hoskinson believes that IOHK will benefit from their shared knowledge. He also feels that the partnership will give it an edge in the bidding process:

“We would like to start consolidating some of our enterprise ledger ideas and bring it there, “A”, because there’s just a lot of knowledge in that circle. And “B”, it helps us with the bidding process. When we’re deploying a permissioned system, government procurement and corporate procurements, a little bit more familiar with Hyperledger.”

Hyperledger is an umbrella for various enterprise-focused blockchain protocols, founded by the Linux Foundation. The World Wide Web Consortium, or W3C, is an international community that works on the development of Web standards.

Enterprise version of Cardano part of IOHK’s bid

IOHK’s contract with the Cardano Foundation is expiring at the end of the year, when the company will present its proposal for the contract renewal to the community. An integral part of this proposal will be the roadmap for creating an enterprise version of Cardano:

“One of the things that we will explore is how do we create an enterprise version of Cardano? And we’ll make a proposal for that at the end of the year when we’re proposing to the community IOHK contract renewal for the next five years for Cardano. And there’s going to be certainly an enterprise component to that renewal. And we’d love to pursue that strategy through the hydrologic group at the Linux Foundation.”

Hoskinson also emphasized that Cardano’s design allows for an easy switch between a permissionless mode and a permissioned one:

“The way that we design Catano, we made it very easy to switch between a permissionless and a permissioned mode.”

There has recently been a trend in the growth of various blockchain alliances and associations led by Libra and Celo.

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Fujitsu and Accenture launch new project to advance blockchain

Fujitsu and Accenture have announced a new joint project titled ‘Hyperledger Cactus’ by Hyperledger and hosted by the Linux Foundation.

The project is described as an open source collaborative effort designed to advance cross-industry blockchain technologies.

According to their initial proposal to the community, the companies are looking to develop an open-source software (OSS) project for secure and reliable integration between multiple blockchains.

Hyperledger executive director Brian Behlendorf says, “Hyperledger Cactus has moved quickly through the process of becoming a Hyperledger project thanks to the support and initial code contributions of Accenture and Fujitsu and a compelling use case.

“There is strong community interest in facilitating the flow of information and transactions across disparate blockchains, and Hyperledger Cactus is tackling that challenge.

“Now that Hyperledger Cactus is a full Hyperledger project, there will be an even bigger pool of resources and contributors driving this project forward with the aim of delivering market-ready blockchain integration technologies.”

Accenture, Fujitsu Laboratories and FLA will utilise the Fujitsu Laboratories’ proprietary security technology ConnectionChain to develop an infrastructure software that enables simpler development of integrated services in which multiple different blockchains work together. The companies have open-sourced the software for Hyperledger Cactus.

According to the companies, the project aims to develop the foundation for a new architecture that will eliminate differences such as the timing of transactions between multiple blockchains, enabling asset transfers and recovery from transaction errors.

The new open-source technology aims to create a modular, extensible system that will enable integration, communication, operations and transactions between different blockchains.

The companies will also offer a Software Development Kit as an OSS to offer services that integrate multiple blockchains for software developers.

As an example, by applying the infrastructure of Hyperledger Cactus in car-sharing services, a new service can be created in which a driver can temporarily use a car in exchange for transferring private coins, while linking a car-sharing service blockchain that manages the rights of car usage, with a blockchain handling private coins.

According to the companies, conventional blockchains cannot integrate different blockchains or get excess money back from remitted coins, whereas the Hyperledger Cactus framework automatically links different blockchains.

Furthermore, the technology can monitor the results of such operations, enabling the rapid development of integrated services that combine multiple blockchains.

When discussing the need for the Hyperledger Cactus project, the companies state blockchains are difficult to modify and do not require central management, and therefore are increasingly being used in non-financial areas such as content management and rights management.

Prior to this project in November 2017, Fujitsu Laboratories developed a proprietary security technology ConnectionChain to safely interconnect blockchains with varying implementation methods and objectives. The software for exchanging different private coins was made freely available as an OSS.

Under the new project Hyperledger Cactus, Fujitsu Laboratories and FLA will integrate the ConnectionChain technology with Accenture’s Blockchain Integration Framework to jointly develop a platform for interconnecting blockchains and further activate digital transformation.

Going forward, Accenture, Fujitsu Laboratories and FLA plan to develop an infrastructure software that will integrate different blockchains to securely and reliably work together while making these now available as OSS for Hyperledger.

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Fujitsu and Accenture press ahead with project for integration between multiple blockchains

Fujitsu’s collaborative endeavor with Accenture gets officially approved as project “Hyperledger Cactus” by Hyperledger.

Fujitsu Laboratories Ltd. and Fujitsu Laboratories of America Inc. (FLA) today announce that their collaborative effort with Accenture was officially approved as project “Hyperledger Cactus” by Hyperledger, an open source collaborative effort created to advance cross-industry blockchain technologies hosted by the Linux Foundation.

Fujitsu and Accenture had submitted a proposal to the community for the development of an open source software (OSS) project for secure and reliable integration between multiple blockchains. Together with Accenture, Fujitsu Laboratories and FLA will utilize the Fujitsu Laboratories’ proprietary security technology ConnectionChain to develop an infrastructure software that enables the easy development of integrated services in which multiple different blockchains work together. The companies have open sourced the software for Hyperledger Cactus.

Brian Behlendorf, executive director of Hyperledger, explains:

“There is strong community interest in facilitating the flow of information and transactions across disparate blockchains, and Hyperledger Cactus is tackling that challenge. Now that Hyperledger Cactus is a full Hyperledger project, there will be an even bigger pool of resources and contributors driving this project forward with the aim of delivering market-ready blockchain integration technologies.”

Under the new project Hyperledger Cactus, Fujitsu Laboratories and FLA will integrate the ConnectionChain technology with Accenture’s Blockchain Integration Framework to jointly develop a platform for interconnecting blockchains and further activate digital transformation.

This project will develop the foundation for a new architecture that will eliminate differences such as the timing of transactions between multiple blockchains, enabling asset transfers and recovery from transaction errors. The new open source technology aims to create a modular, extensible system that will enable integration, communication, operations and transactions between different blockchains.

The companies will also offer a Software Development Kit as an OSS to easily offer services that integrate multiple blockchains for software developers. Unlike conventional blockchains, which cannot integrate different blockchains or get excess money back from remitted coins, the Hyperledger Cactus framework automatically links different blockchains. Moreover, the technology can monitor the results of such operations, enabling the rapid development of integrated services that combine multiple blockchains.

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