ConsenSys builds rank with Hyperledger

ConsenSys and Hyperledger announced that ConsenSys has become the newest Premier Member of Hyperledger. This news emerged on 11 September.

Hyperledger initiated by introducing itself as an open-source combined effort created to advance cross-industry blockchain technologies, hosted by the Linux Foundation. Hyperledger further added that ConsenSys’s PegaSys protocol engineering group submitted its Ethereum client, formerly known as Pantheon, as the project Hyperledger Besu. This is the first public compatible blockchain submission to Hyperledger. 

Brian Behlendorf, Executive Director at Hyperledger cited – 

“As a new premier member, ConsenSys is now an active part of the Hyperledger community and the open source, open governance approach to blockchain. By submitting the code for Hyperledger Besu right out of the gate, ConsenSys is showing its support for our mission to build a broad coalition for advancing enterprise blockchain. The more technologies and members we have working together, the stronger the foundation we can collectively build for blockchain-based solutions.”

Hyperledger sustained by adding that ConsenSys would join a Hyperledger membership made up of over 270 leading companies. The domains of interest include finance, banking, IoT, supply chain, manufacturing, and technology. Hyperledger maintained that PegaSys submitted a blockchain framework based on public Ethereum. This development was for users to build and run resilient, industry-specific applications.

ConsenSys builds rank with Hyperledger

Hyperledger continued that Joseph Lubin, Co-Founder of Ethereum and Founder of ConsenSys, would join the governing board of Hyperledger. Joseph added that PegaSys and ConsenSys had been committed to open-source software. He continued that submitting Hyperledger Besu to Hyperledger demonstrates that commitment. Joseph noted that public networks with tens of thousands of nodes are most appropriate for today.

Principal Program Manager of Azure Blockchain Engineering, Marley Gray,  said that it was joining the Hyperledger community for blockchain technology projects. Microsoft joins a number of technology and finance organizations such as Citi, Baidu, IBM, Intel, J.P. Morgan, Salesforce, and SAP. The Hyperledger is administered by the Linux Foundation and currently has more than 100 member organizations around the world. 

Nathan George, CTO, Sovrin Foundation, Hyperledger Aries contributor blogged about the announcement of the new project. Nathan indicated that identity is one of the most commonly quoted use cases for distributed ledger technology (DLT). He opined that solutions and initiatives focused on creating or transmitting digital credentials would be benefited from an integrated tool kit.