In February, Bitcoin Magazine reported that The Linux Foundation’s Hyperledger Project , a collaborative effort started in December to establish, build and sustain an open, distributed ledger platform that will satisfy a variety of use cases across multiple industries, was announcing new members from across the industry, technical updates and a formal open governance structure.
In March, The Linux Foundation announced that 10 new companies joined the Hyperledger Project.
“The Hyperledger Project is gaining traction on a daily basis, displaying how vital this effort is in advancing distributed ledger technology,” said Blythe Masters, CEO of Digital Asset Holdings, who was appointed board chair for the Hyperledger Project. It’s worth noting that Masters, among others, expressed support for private, “permissioned” non-Bitcoin blockchains, which seems to be the direction chosen by the Hyperdedger Project .
Technology giant Intel is a member of the Hyperledger Project.
“Blockchain technology can help enable secure transfer of digital assets among known and unknown parties,” said Imad Sousou, vice president and general manager of the Open Source Technology Center at Intel. "Intel looks forward to collaborating with the Hyperledger Project to advance the security, scalability, and privacy of transactions in enterprise and permission-less systems.”
Last week, Intel published its plan to develop a distributed ledger, the “Sawtooth Lake” platform , which promises to allow companies to run their own blockchain, providing a permanent digital record, International Business Times reports . Intel will submit the Sawtooth Lake code to the open-source Hyperledger Project.
Sawtooth Lake is a modular platform for building, deploying and running distributed ledgers. The platform supports customizable data models to capture the current state of the ledger, transaction languages to change the ledger state, and consensus methods to validate transactions.
Sawtooth users are able to define their own custom “transaction family” with data models and transaction languages tailored to their use […]
