Leading blockchain research and development company, IOHK has disclosed that it has joined the Hyperledger consortium.
IOHK, who is the body behind Cardano, explained that it joined Hyperledger to encourage enterprise blockchain adoption and share in consortium’s knowledge and experience. This would invariably strengthen the adaptation and interoperability of Cardano.
NEW BLOG: Today, it was announced that IOHK has joined open-source blockchain community, @Hyperledger. Here's why, by IOHK CTO @rom1_pellerin https://t.co/TQGClLkn9x #Hyperledger #opensource @linuxfoundation pic.twitter.com/f6CbCsd88Y
— Input Output (@InputOutputHK) June 11, 2020
Notably, Hyperledger is an open-source community focused on developing a set of frameworks, tools, and libraries for enterprise-level blockchain implementations. The project currently includes more than 250 member companies, including industry leaders in finance, banking, technology, and many others.
Additionally, IOHK isn’t the only newest addition to the consortium. Other new members include IOV Labs (formerly RIF Labs) and crypto-friendly payments platform Public Mint. The list also includes Japanese consulting and PR firm Binarystar and Atomyze, a tokenization platform launched by Switzerland’s TokenTrust AG, amongst several others.
Today we added 8 new members! Please join us in welcoming @dbsystel @IntWorkAll @GBBCouncil @InputOutputHK Atomyze, Binarystar, IOVlabs & Public Mint. More: https://t.co/EM3oYfv2WU pic.twitter.com/WkP1pyKs3h
— Hyperledger (@Hyperledger) June 11, 2020
IOHK to assist Hyperledger’s growth
IOHK, in a press release, shared with Altcoin Buzz said, it joined Hyperledger to contribute to its growing suite of blockchain projects.
It will also inform the development of IOHK’s enterprise blockchain solutions. And the work it is already doing internationally, with governments and corporations and will also leverage on the Hyperledger resources to provide enterprise visibility. And sharing of components of the interoperable IOHK framework.
“IOHK firmly believes that a community’s overall success largely depends on its ability to collaborate. It’s great to be involved in an organization that shares that philosophy and is working towards utilizing blockchain. To create a better industry, and more open, accessible world,” Romain Pellerin, Chief Technical Officer of IOHK, said.
He further stated that Cardano isn’t only the first blockchain that’s proven secure. But is also the first infinitely scalable and interoperable transaction system. And is additionally 100 times more decentralized and 4 million times more energy-efficient than Bitcoin.
“These are notably some key requirements for new industrial and business collaborations. As well as a system that will replace traditional systems on a global scale,” Pellerin said.
Hyperledger, which was launched in December 2015 by the Linux Foundation, is a consortium of firms working on open-source enterprise solutions using distributed ledger technologies (DLT). The project has received partnership from tech giants such as IBM, Intel, and other leading tech firms exploring blockchain applications.
Notably, the Global Blockchain Business Council (GBBC) and the InterWork Alliance have also joined Hyperledger as associate members.
While recently, it disclosed a partnership with Microsoft and IBM to develop global standards for tokenized ecosystems.
According to Brian Behlendorf, executive director at Hyperledger, it’s goal is to bring together a diverse and robust community to advance cross-industry blockchain technologies.
“IOHK has deep domain expertise and a strong vision for decentralized networks. That makes it a great addition to our community,” he said.
Hyperledger also recently announced its 16th project, Hyperledger Cactus. A blockchain integration tool designed to allow users to integrate different blockchains securely.