Categories: Ethereum

Intel Corp Endorses a Hyperledger-Powered Solution ‘Transact Project’

Click here to view original web page at www.coinspeaker.com
Photo: Shutterstock

As top fintech corporations around the globe strife to embed decentralized components into their core functionality, American multinational company Intel Corporation goes into a partnership agreement with blockchain solutions provider Hyperledger.

Intel Corp, an American multinational company, the second highest grossing and largest semiconductor chip manufacturer in the world after Samsung, has joined forces with Hyperledger to provision a universal programming platform for blockchain developers.

Intel is a member of the Enterprise Ethereum Alliance (EEA) – dominant blockchain standards consortium with over 500 participants including JPMorgan Chase, IBM, Microsoft, ConsenSys and EY.

The Hyperledger ecosystem, hosted by the Linux Foundation was launched in December 2015. Allowing such companies cutting across various sectors like finance, banking, IoT, supply chain, manufacturing and technology to seamlessly tap into blockchain technology.

During the penultimate week of June, Hyperledger launched what could turn out to be the biggest blockchain consortium in world history. Precisely the 18th of June, Hyperledger announced that it has under its cross-border clientele 8 new companies which include Microsoft and Salesforce together with a consulting firm Milligan Partners, a Russian Mining Company Nornickel and Polish tech company – Glosclad.

Executive Director of Hyperledger Brian Behlendorf expressed the company’s enthusiasm with regards to these partnership agreements stating:

“Our new members illustrate the breadth of organizations that see the value of contributing to the Hyperledger community. The mix of blue-chip technology companies, international organizations, logistics, and manufacturing players and academia that have joined us from all around the world show the widespread interest and investment in open source enterprise blockchain technologies.

This broad-based involvement is what drives our expanding portfolio of open source projects, which are fully conceived, developed and advanced by the ever-growing Hyperledger community.”

Aftermath a chain reaction of events, following the successful serviceability of the Hyperledger Alliance, Intel Corporation decided to join the league. The Blockchain head of Intel Corporation, Director Michael J. Reed confirmed this in an interview by Forbes saying:

”We just recently co-sponsored a project in Hyperledger called Transact. We’re trying to embrace the industry overall.”

Furthermore, Reed points out what the company’s major objective is:

“Our main objective in our work with [the] blockchain sector is to ensure that this new workload, that is blockchain and the leading solutions in the blockchain sector, run well on Intel silicon, [CPUs/processors].”

This Intel co-sponsored Hyperledger enterprise alongside IBM, called Transact Project, was officially released on 27th June. With this Transact Project, blockchain developers and programmers could simplify the process of development by means of an extensible transaction layer providing developers with a medium to work with/on blockchain platforms in a more adaptive and universal modus operandi.

Transact’s goal is to provide a way for programmers to work with blockchains in a more universal way that is more readily compatible.

In furtherance, Reed postulated that this extensible transaction layer would grant blockchain programmers the capability to program once on the Transact platform, whereby such codes could be made accessible on any blockchain that it supports.

cinerama

Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Share
Published by
cinerama

Recent Posts

Bitcoins and Cryptocurrency: Myths and realities

Part 2: The Journey This is a story of secret beginnings. A story of a brilliant idea, born of trying… Read More

5 hours ago

Twitter is Losing its S%# Over This $4 Million Golden Toilet

An solid gold toilet from Churchill's birthplace goes missing. | Source: AP Photo, File Golden toilets don’t come around very… Read More

5 hours ago

eToro Aims to Put Derivatives on the Blockchain With Lira Programming Language

eToro , an Israel-based exchange platform, revealed a new programming language designed to simplify derivatives trading.Speaking ahead of the Ethereal… Read More

5 hours ago

Gartner sees blockchain as ‘transformational’ across industries, in 5-10 years

Credit: Dreamstime Research firm Gartner, whose past evaluations of blockchain have been conservative to say the least , expects the… Read More

11 hours ago

The Future Lies in Blockchain: Circle CEO Jeremy Allaire Backs China’s Cryptocurrency and Facebook’s Libra

The year is 2017. Cryptocurrencies and their underlying blockchain technology are sternly poised to take over the world. Investors, all… Read More

11 hours ago

Ethereum-based Staked Not Efficient, Claims DeFi Builder

Much like banks, there is competition with the Ethereum decentralized finance (DeFi) ecosystem; each protocol and ecosystem offers different benefits… Read More

11 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More