All Posts By

Hyperledger

(7.26.17) AllCoinsNews: Hyperledger Gains Ten New Members

By | News

The open source collaborative effort created to advance cross-industry blockchain technologies, Hyperledger has announced that 10 new organizations have joined the project. The project also announced the availability of Hyperledger Fabric 1.0, the consortium’s first production ready blockchain framework announced last month. Hyperledger incubates several business blockchain and distributed ledger technologies including Hyperledger Sawtooth, Hyperledger Iroha and Hyperledger Indy, amongst others.

More here. 

(7.26.17) Forbes: Accord Project’s Consortium Launching First Legal ‘Smart Contracts’ With Hyperledger

By | News

A project to develop open source technology and standards for “computational contracting” for the legal world that deploys blockchain technology and distributed ledgers is set for an imminent launch. Representing the first legal smart contracts consortium, the initiative is supported by leading law firms as well as organizations including Linux Foundation’s Hyperledgerand the International Association for Commercial and Contract Management (IACCM).

More here.

Techno-Legal Standards Are Needed for Smart Contracts

By | Blog

Guest post: Houman Shadab, Co-Founder, Clause.io

As the potential benefits of blockchain-based “smart contracts” become widely understood, a lingering question remains: how will they gain widespread adoption?

In the past, fundamental changes to the technical and legal aspects of markets were adopted  not just by market forces but also by overt cooperation and coordination to develop standards. For example, in 1947 the International Organization for Standardization formed and since then has become a universally recognized source for providing standards that drive quality assurances and harmonization across a wide range of industries and business practices. Likewise, the International Swaps and Derivatives Association in the 1980s catalyzed the global market for financial derivatives by establishing standards for contract structures important practices such as risk management — which would be all but impossible without the standards.

In technology, standardization is one of the many benefits and drivers of open source software development, which proceeds by using widely shared code that serves as the basis for developers to build on and ultimately customize. As digital transformation increases the need for businesses to interconnect their systems, the value proposition of open source becomes all the greater.

In the world of legal contracts, the structure of modern, commercial agreements has come to be relatively standardized. Commercial contracts usually consist of recitals, definitions, the exchange of value, representations and warranties, conditions and ancillary obligations, and boilerplate clauses such as indemnification and choice of law. Businesses around the world benefit from this implicit consensus on structure. But drill down deeper into contracts used even within the same industry and one will find a plethora of specific approaches. This lack of uniformity causes persistent problems and inefficiencies in business, and has spurred several initiatives to develop contract standards.

All of which brings us back to smart contracts. In order to realize the potential benefits of legally binding contracts that use blockchain technology, widespread agreement must reached on a far greater range of issues than required to overcome the costs of proprietary approaches with traditional contracts. These issues range from foundational ones, including the usage of templates and the proper interface for legally binding text, to issues unique to smart contracts, including the suitability of data to confirm contract obligations to security, storage, and execution with a blockchain.

Without standards, smart contracts may improve businesses, but they won’t transform them.

The need for standards and open source tools to usher in a change to the nature of legal contracts and business relationships is why we at Clause (www.clause.io) are launching the Accord Project. Accord will not only develop consensus on smart legal contract structures and associated technical issues, however. It will also establish a set of open source software development tools, which will be proposed to the TSC as new projects at Hyperledger, so that a broad community of developers and users will be able to collaborate directly on the future of contracting.

If you are interested in learning more about the Accord Project, please get in touch at: [email protected]. Or if you’d like to contribute, our code will be hosted at https://github.com/accordproject.

 

Hyperledger Welcomes 10 New Members

By | Announcements

Consortium’s strong growth follows milestone launch of Hyperledger Fabric 1.0

SAN FRANCISCO, CA – (July 26, 2017) Hyperledger, an open source collaborative effort created to advance cross-industry blockchain technologies, announced today that 10 new organizations have joined the project. The growth comes on the heels of the availability of Hyperledger Fabric 1.0, the consortium’s first production ready blockchain framework announced last month. As a multi-project, multi-stakeholder effort, Hyperledger incubates several business blockchain and distributed ledger technologies including Hyperledger Sawtooth, Hyperledger Iroha and Hyperledger Indy, among others.

“Welcoming this many new members from all over the world in various industries is great to see,” said Brian Behlendorf, Executive Director, Hyperledger. “The added support comes at a perfect time, with the recent launch of Hyperledger Fabric 1.0 and the goal of working together as a community to reach and promote production deployments of the technology this year. These new members will be advantageous in our efforts in building open blockchain software and pushing more Hyperledger projects to 1.0.”

Hyperledger aims to enable organizations to build robust, industry-specific applications, platforms and hardware systems to support their individual business transactions by creating an enterprise grade, open source distributed ledger framework and code base. It is a global collaboration including leaders in finance, banking, IoT, supply chain, manufacturing and technology. The latest General members include: ANNE, Beijing RZXT Technology Development, Capgemini Financial Services, New H3C Technologies, Revelry Labs, Smart Link Labs and TradeIX.

Hyperledger supports an open community that values contributions and participation from various entities. As such, pre-approved non-profits, open source projects and government entities can join Hyperledger at no cost as Associate members. Several Associate members joined this month including the Accord Project, Tecnalia Research & Innovation and University of Luxembourg.

New General Member Quotes:

ANNE

“We have been working on ANNE’s CopyRight BlockChain since 2016 and are thrilled to work with Hyperledger Fabric, as it makes everything easier,” said HaoHan, CTO, ANNE inc. “The ANNE’s CopyRight BlockChain will use Hyperledger to register and protect against copyright infringement. It will provide writers and artists an easy way to timestamp their work, create a permanent record and issue their clients a time-stamped copyright certificate. Hyperledger’s popularity and promise makes us so excited to part of this community and contribute in any way that we can.”

Beijing RZXT Technology Development

“Our mission is to use blockchain technology to help our customers cut costs and increase efficiency; Joining Hyperledger will undoubtedly help us fulfill our mission,” said Jin XU, CEO, RZXT. “We are looking forward to interacting with and contributing to one of the most advanced blockchain development communities.”

Capgemini Financial Services

“At Capgemini, we seek to become the partner of choice for our Financial Services clients who feel ready to move from proof of concept to production on Blockchain,” said Damien de Chillaz, Vice President, Blockchain Leader, Capgemini Financial Services.We believe that this ambition requires the right combination of business intimacy and technical expertise that we can bring through our leadership position in Financial Services and our global presence and expertise in Distributed Ledger Technology. Although we remain ledger-agnostic, we are very excited to join Hyperledger and its open source community, to help shape the future of financial services alongside our most strategic clients.”

New H3C Technologies

“It’s a great pleasure to join Hyperledger; New H3C is devoted to the promotion of Hyperledger and blockchain technology,” said You Xuejun, Vice President and CTO, New H3C Group. “As an innovative company, New H3C has invested heavily in emerging fundamental technologies. We believe that blockchain is disruptive and has a promising prospect of wide adoption. By working with Hyperledger, we believe New H3C can better address the needs of our customers to explore and adopt new technologies.”

Revelry Labs

“The team at Revelry is filled with developers and technologists who have spent years building  digital products on the Linux operating system,” said Gerard Ramos, CEO, Revelry Labs. “We pride ourselves with staying at the forefront of emerging technologies and recognize that blockchain represents a new wave of innovation. We’re excited to partner with Hyperledger, The Linux Foundation and fellow members to promote and develop toward a future that brings innovative technology to our customers, partners and the open source community.”

SmartLink Labs

“SmartLink Labs is excited to be a part of the Hyperledger community,” said Suhrud Dagli, Co-founder, SmartLink Labs. “We’re dedicated to building a platform to support structured finance transactions across different asset types. As a blockchain platform, we’re focused on developing Smart Contracts that embed cash flow models. We feel that aligning with Hyperledger will help bolster our presence in the open source community for blockchain technologies.”

TradeIX

“The rise of blockchain and distributed technology has introduced huge opportunities for us to transform and rewire the trade finance ecosystem and subsequently the way companies conduct trade and manage global supply chains,” said Andrew Berti, CTO, TradeIX. “Our mission is to provide the global trade ecosystem with an open platform that eliminates the inefficiencies, cost, friction that plague our industry today. A key part of this involves providing our partners and clients with world-class distributed ledger technologies. Our participation in Hyperledger and the Linux Foundation is a critical part of this mission.”

To see a full list of member companies, visit: https://www.hyperledger.org/about/members. If you’re interested in joining Hyperledger as a member company, please visit: https://www.hyperledger.org/about/join

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, Internet of Things, supply chains, manufacturing and Technology. The Linux Foundation hosts Hyperledger under the foundation. To learn more, visit: https://www.hyperledger.org/.

Hyperledger Adds Cisco as a Premier Member

By | Announcements

Greater investment in open blockchain technology supports global leader’s aim to accelerate innovation and develop new business models

SAN FRANCISCO  – July 25, 2017 – Hyperledger, an open source collaborative effort created to advance cross-industry blockchain technologies, announced today that Cisco has upgraded its General membership to Premier. As a Premier member, Ram Jagadeesan, Cisco Distinguished Engineer and Blockchain CTO, will join the Hyperledger Governing Board. Cisco joins other Premier members: Accenture, Airbus, American Express, Change Healthcare, CME Group, Deutsche Borse Group, Daimler, Digital Asset, DTCC, Fujitsu, Hitachi, IBM, Intel, J.P. Morgan, NEC, r3., SAP, and Wanda FFan Technology. Hyperledger Premier and General members cut across a wide vertical of industries.

“Blockchain technology represents the next generation of the Internet — the internet of value and trusted transactions which will drive extensive industry transformation. It is ever more important to come together and build open and interoperable solutions which will enable widespread adoption and allow companies to harness blockchain’s disruptive power,” said Jagadeesan. “We are excited to promote Hyperledger’s longevity and growth across multiple use cases and industries.”

Hyperledger aims to create common distributed ledger technology that enables organizations to build and run robust, industry-specific applications, platforms and hardware systems to support their individual business transactions. Since the beginning of 2016, Hyperledger has grown to more than 145 members that span various industries, including finance, healthcare, the Internet of Things and aeronautics, among several others.

“Cisco is a technology leader with expertise building secure, scalable and Internet scale critical infrastructure; We are thrilled they’re taking a leadership role within Hyperledger’s Governing Board,” said Brian Behlendorf, Executive Director, Hyperledger. “Cisco has been an active member of Hyperledger and we highly value its contributions to date.”

To see a full list of member companies, visit: https://www.hyperledger.org/about/members. If you’re interested in joining Hyperledger as a member company, please visit: https://www.hyperledger.org/about/join

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, Internet of Things, supply chains, manufacturing and Technology. The Linux Foundation hosts Hyperledger under the foundation. To learn more, visit: https://www.hyperledger.org/.

[VIDEO] Hyperledger Interviews Chris Ferris, CTO Open Technology, IBM

By | Blog, Hyperledger Fabric

We spoke with Chris Ferris, Chair of Hyperledger’s Technical Steering Committee, and CTO of Open Technology at IBM.

Blockchain is already changing how IBM does business with its Global Finance System. It is a $4B system and at any time about $100M is in dispute but IBM has reduced that down to $40M by applying blockchain technology.

According to Chris, blockchain will help drive process improvement for their customers’ business interactions, and could have meaningful change in how those processes actually work. The collaboration IBM gets in Hyperledger’s very diverse community is the biggest advantage. It’s not just technologists, there’s leaders from finance, supply chain, automotive, and even aerospace. Chris believes it’s the diversity of thought, technologies and use cases that are the best aspect of participating in Hyperledger.

You can watch the full interview here:

(7.13.17) JAXenter: Develop your application on the blockchain with Hyperledger Fabric

By | Hyperledger Fabric, News

Just 16 months ago, Hyperledger Fabric became the first of the now eight Hyperledger projects to be incubated. Hyperledger Fabric was also the first of the Hyperledger projects to exit incubation to “Active” status in March, after a year in incubation.

The efforts around Hyperledger Fabric have grown into a true, vibrant community including engineers from:
Arxan, Cloudsoft, CLS, d20 Technical Services, The Depository Trust & Clearing Corporation (DTCC), Digital Asset, Fujitsu, GE, Gemalto, HACERA, Hitachi, Huawei Technologies, Hyperchain, ImpactChoice, IT People, Knoldus, The Linux Foundation, Netease, Passkit, State Street Bank, SecureKey, IBM, SAP, Thoughtworks and Wanda Group.
There were also contributions from 35 unaffiliated individuals. In total, 159 developers have contributed to Hyperledger Fabric.

More here.

(7.12.17) Health IT News: Hyperledger Fabric 1.0 offers gives blockchain app developers new sandbox

By | Hyperledger Fabric, News

In what’s being billed as a huge milestone for blockchain developers, Hyperledger – a collaborative launched by the Linux Foundation to advance blockchain technologies in healthcare and elsewhere – has gone live with its Hyperledger Fabric 1.0 platform.

Launched as an open source foundation for developing blockchain and distributed ledger applications, Hyperledger Fabric was developed by more than 150 engineers from 28 organizations such as Arxan, Cloudsoft, Fujitsu, GE, IBM and SAP.

More here.