Hyperledger at Money20/20

By Blog, Finance

We’re pleased to share the details of Hyperledger Project’s significant presence at the upcoming Money20/20 conference taking place Oct. 23-26, at The Venetian in Las Vegas. If you will be at the event, we encourage you to attend the Hyperledger activities detailed below.

Member Lightning Talks

On Tuesday, Oct. 25, we encourage you to stop by the Hyperledger booth #425 from 12:30 – 1:00pm for short and engaging lightning talks from our members who will showcase their Hyperledger-powered applications built to address financial market requirements. Stop by during lunch and you’ll hear from the following:

  • IBM: Blockchain Explained: Insights From the First Year
  • IntellectEU: Direct Payments Platform
  • Accenture: Editing the Uneditable Blockchain
  • Intel: Embedded TEE Smart Blockchain Wallet
  • ConsenSys: How ConsenSys uses Hyperledger
  • MonetaGo: Interbank Blockchains for Payments

While you’re visiting the Hyperledger booth, be sure to collect your swag, including lapel pins, adapters, pens and stickers.

Hyperledger Sessions

Brian Behlendorf

Brian BehlendorfOn Tuesday, Oct. 25 from 5:00-5:50pm in Lando, Level 4, Hyperledger Executive Director, Brian Behlendorf, will speak on behalf of the project in a blockchain panel titled, “All Together Now: How Bank & Tech Partnerships Are Shaping the Future of BlockChain.”

Blockchain tech has come a long way. By now, most of the largest banks and some notable tech giants are participating in industry-wide blockchain standard-setting activities, partnering with startups and taking different approaches to determining which use cases would improve upon existing technology. Hear some of the key participants in these cross-industry partnerships discuss how collaboration is shaping the future of blockchain technology. How will these partnerships be successful? And what are the key challenges to overcome? Attend the panel to hear why.


Member and Industry Sessions

Several Hyperledger members and industry thought leaders will also feature in the week’s agenda. Below are confirmed sessions.

Sunday, Oct. 23

1:25–1:50pm | Marcello, Level 4 | Part2: Identity Solutions, Blockchain & Financial Inclusion in Emerging Markets | Economic Inclusion & Financial Health Track | Hyperledger Member: Gem

Lack of ownership of a secure and unique digital identity is a fundamental reason that too many are not able to benefit from a growing middle class in many emerging markets across Latin America, Africa and Asia. Several startups are applying blockchain technology towards self-sovereign identity. This session will explore two very different approaches with the respective CEOs of Banqu and Gem, and explore the potential paths they see towards universal identities, the potential partnerships required, and the friction and pitfalls they are encountering as they implement their solutions in market.

4:10–5:00pm | Murano, Level 3 | Panel–Balancing Blockchain Public Policy: Thoughtful Regulation Without Stifling Innovation | Legal & Regulatory: Risk & Compliance track | Hyperledger Members: DTCC and IBM

In only a few short years, a technology that began as an alternative digital currency has managed to capture the imaginations of thousands of innovators and investors around the globe. This session will explore the public policy landscape for blockchain tech, including the key question of how regulators and operators can balance the fine line between protecting consumers and stifling innovation.

Monday, Oct. 24

11:40am–12:05pm | Lando, Level 4 | Part 1: Open-Sourced: How New Business Models Will Disrupt the Disrupters | Entrepreneurship & Investing track | Industry Thought Leader: Zoë Keating

Platform-based businesses like Facebook and Airbnb have built wildly successful companies over the last decade, but what are the innovations that will disrupt the disruptors? In this session, leaders in the venture capital, blockchain and entrepreneurship space discuss how the next big business model disruption might be found in cryptocurrencies.

4:00–4:50pm | Lando, Level 4 | Part 2: Consumer Protection & Blockchain: Building the New Financial Future | Blockchain Tech track | Hyperledger Member: Blockstream

Digital currencies like Bitcoin and Ethereum promise a more secure and efficient backbone for the financial system—so why do they keep getting stolen? What, if anything, can be done to prevent these thefts? This July, Consumers’ Research convened regulatory, legislative and industry leaders in Bretton Woods, NH to address these concerns. In this session, participants will unveil findings from the Bretton Woods conference and share perspectives on how to realize the promise of digital currencies while also protecting consumers.

4:00–5:50pm | Palazzo Ballroom J, K, L, Level 5 | StartupPitch180–Earlier Stage Companies | StartupPitch180 track | Hyperledger Member: Loyyal

Expanded and enhanced for 2016, StartupPitch180 will feature 30 diverse and innovative startup companies presenting their businesses in 180 seconds. Participating companies will compete for cash prizes and a spot on the main stage in between the keynote speakers later in the conference. The action is fast paced, interactive and fun, as judges from leading VC firms and audience voting will determine the 4 winners from our curated list of startup companies.

Tuesday, Oct. 25

5:00–5:50pm | Lando, Level 4 | Panel–All Together Now: How Bank & Tech Partnerships Are Shaping the Future of Blockchain | Blockchain Tech track | Hyperledger Members: ConsenSys and Digital Asset

Blockchain tech has come a long way. By now, most of the largest banks and some notable tech giants are participating in industrywide blockchain standard-setting activities, partnering with startups and taking different approaches to determining which use cases would improve upon existing technology. Hear some of the key participants in these cross-industry partnerships discuss how collaboration is shaping the future of blockchain technology. How will these partnerships be successful? And what are the key challenges to overcome?

Booth Exhibition

While onsite at Money20/20, we encourage you to take advantage of the opportunity to meet and greet with your fellow Hyperledger members. Below is a listing of the Hyperledger member exhibition booth stand numbers at Money20/20.

  • Hyperledger Project: 425
  • Accenture: 3601
  • ConsenSys: SR18
  • Fujitsu: 1031
  • IBM: 1033 and MC131
  • Intel Corporation: 3606, 3607, and the lounge in 219
  • Intuit: 837
  • J.P.Morgan Chase: 1622, 1626, 3805 and 3806
  • NTT DATA: 1227
  • SWIFT: 1146
  • Broadridge and Wells Fargo will also be onsite Money20/20.

We look forward to seeing you in Vegas!

Hyperledger Hackathon and Hackfest Recap

By Blog

The first ever Hyperledger Hackathon took place October 1-2 in Amsterdam. More than 120 developers (20 teams) gathered for the event organized by ABN AMRO, IBM, Holland Fintech and Hyperledger.


During the Hackathon, teams of students, fintechs, start-ups, and staff from IBM and ABN AMRO had 36 hours to build their own application on Hyperledger. As part of their efforts, they were allowed to tap the expertise of  visiting experts from the Hyperledger Technical Steering Committee and others. At the end of the 36-hour period, a jury assessed the teams’ proposals and applications with a focus on application value to clients and business as well as its technical implementation.

The energy and enthusiasm of the teams was incredible to watch. Each team had a deep appreciation of the technology and how it could be applied. A few of the teams even slept at the venue, working through the night to polish their implementation and pitch!

The winning team (pictured below) built a practical application for the storage of medical information, controlled and updated by medical experts and patients as owners of the data. Each team member won an Oculus Rift.


Following the Hackathon was the Hyperledger Hackfest, which took place on October 3-4 in the ABN AMRO Innovation Centre. 60 developers attended. This marked the first time the bi-monthly international Hackfest was held in Europe.

Some of the agenda items addressed at the event included:

  • Overview of consensus model evolution
  • Data confidentiality enhancements (selective distributed ledger)
  • Future support for other chaincode languages
  • Starter kit tutorial
  • Brian and Chris held a session for our ABN AMRO hosts on what the Hyperledger project is all about
  • Brian held a session on new potential projects
  • There were a number of ad hoc breakouts with various maintainers present (Chris, Gari, Binh, Murali, Tamas and Gabor)
  • Fabric maintainers held a meeting to discuss release process
  • Hyperledger Architecture WG also held a session at the Hackfest, led by Ram Jagadeesan from Cisco


If you are interested in further engaging with the technical community, sign up for one or more of the mailing lists at


Hyperledger Announces the Hyperledger Healthcare Working Group

By Blog, Healthcare
Today, Hyperledger is announcing the formation of the Hyperledger Healthcare Working Group (HLHC Working Group).

Health data sharing, like much of health IT, has traditionally lagged other industries in adoption of new technologies. This is not for bad reason – people’s lives and health privacy are at stake, as is 20% of GDP. The potential of blockchain technology, applied to healthcare, is a shared platform that decentralizes health data without compromising the security of sensitive information. This model lifts the costly burden of maintaining patient’s medical histories away from the hospitals: eventually cost savings will make it full cycle back to the patient receiving care.

The HLHC Working Group’s mission is to house and foster technical and business-level conversations about appropriate applications for blockchain technology in the healthcare industry. These conversations will be broad and educational, but will eventually focus on identifying opportunities for near-term collaboration between participants on common software to implement a given application. If appropriately scoped and resourced, these conversations could lead to one or more proposals for new software development efforts to be hosted at Hyperledger.

“There are two really important questions to focus on. First, since there are so many use cases where blockchain could be used in healthcare, where will blockchain (plus smart contracts) provide capabilities not readily enabled by pre-existing approaches? Second, as blockchain capabilities and variants continue to evolve rapidly, how do we support parallel initiatives that don’t create forking that introduces friction into the flow of data and services?” said Dr. John Mattison, Assistant Medical Director, Kaiser Permanente. “We are truly sitting on a ‘TCP/IP moment’, and while it’s impossible to declare ‘what’ the solution is to avoiding that forking, we can come together in this workgroup to define ‘how’ we collaborate to minimize the risks of inadvertently introducing friction through forking.”

The HLHC Working Group, which does not require Hyperledger membership, will center around discovery and exploration of healthcare-related blockchain use cases that address real world problems. Initially, the group will focus on fundamental Distributed Ledger applications, such as establishing registries, interoperability and identities. Technical opportunities will also be discussed. In time, the discussion will expand to more advanced topics, such as smart contracts and process automation.

“The power of Open Source is the power of collaborative ideas. The Hyperledger Healthcare Working Group enables Healthcare enterprises, providers and users to focus resources on a scalable open source project to leverage collaboration, said Dr. Merve Unuvar, IBM Blockchain Product Leader. “The beating heart of the emerging Healthcare Blockchain will be powered by Hyperledger enabling data sharing, privacy and interoperability.”

“The healthcare industry needs to be organized in order to realize the potential for blockchain technology,” said John Bass, Founder and CEO, Hashed Health. “The Hyperledger Healthcare Working Group is a destination for those who want to contribute to the development of technical standards necessary for blockchain innovation to be meaningful.  The team at Hashed Health is extremely excited to join the Group as a founding member driving development efforts with our peers.”

The HLHC Working Group already includes participants from organizations including Accenture, Gem, Hashed Health, Kaiser Permanente and IBM. If you are interested in participating in the HLHC Working Group, please visit the Healthcare industry page to learn more and join the mailing list.

Meet Hyperledger: An “Umbrella” for Open Source Blockchain & Smart Contract Technologies

By Blog

It’s hard to believe I’ve been working at The Linux Foundation on Hyperledger for four months already. I’ve been blown away by the amount of interest and support the project has received since the beginning of the year. As things really start to take off, I think it’s important to take a step back to reflect and recapitulate why and what we’re doing with Hyperledger. Simply put, we see Hyperledger as an “umbrella” for software developer communities building open source blockchain and related technologies. In this blog post, I’m going to try to define what we mean by “umbrella,” that is, the rationale behind it and how we expect that model to work towards building a neutral, foundational community.

The Hyperledger Project was initially seeded with various blockchain-supporting commercial members, some of whom had interesting internal or nascent open source efforts that needed the kind of home that the Linux Foundation could provide. It emerged at a time when it was clear that three points needed to be made to the market:

  1. Open, transparent governance of the software development process for blockchain technologies matters
  2. Intellectual property provenance and safeguards of the software matters
  3. Key use cases are driving permissioned or “consortium” chain models

Out of that set of initial principles, the Technical Steering Committee determined that the two initial projects should be delivered into the project in an “incubation” state: Fabric and Sawtooth Lake. These two projects differ significantly in many ways, and thus could perhaps provide different, yet also sometimes overlapping purposes.  In the spirit of putting all the wood behind the tip of the arrow, attention and efforts began to focus on those two.

While still in a pre-alpha state, Fabric is attracting growing developer attention and significant mindshare around its unique approach. We are seeing additional interest in new projects that build directly upon Fabric, but exist separately and may have different release schedules and priorities. For example, the chaincode management tools, or the Hyperledger Explorer (initially). We would expect to see further exploration of work that has already been demonstrated in concept, such as hooking up the Ethereum virtual machine to Fabric. And Sawtooth Lake’s unique approach to consensus – Proof of Elapsed Time – is garnering attention, too.  Both Fabric and STL just cut another developer preview release.

As both Fabric and Sawtooth Lake have picked up new contributions and developer momentum, and the commercial interest has continued to grow, we are now seeing interest in applying this model to additional technology efforts, potentially leading to new projects at Hyperledger. In some cases those will be a useful spin-out of an existing project and community; other times they will bring in a new community of developers, both on the new project and spilling over onto existing projects.

The Rationale: Why an “Umbrella”?

Blockchain and smart contracts are still in the early stages of a 20-year, if not a 50-year, adoption and maturation cycle. Some have compared it to 1994 and the Web (MIT’s Joi Ito sees it as 1989). There are clear examples of efforts that have seen widespread adoption and scale: Bitcoin and Ethereum. There are clear examples of commercial blockchain stacks, running in production. There is clear momentum around Fabric and Sawtooth Lake. Yet by no means is this a mature industry – we are still seeking better consensus mechanisms for both permissioned and permissionless chains, a better range of choices for smart contract platforms, and still exploring the right identity models. We have no idea if one specific package of software can serve all these needs at the same time, or if the approaches are as divergent as, say, ACID-compliant SQL databases and eventually-consistent NoSQL databases. Furthermore, some needs may span multiple existing efforts – a graphical user interface, for example, that could just as easily span Fabric and Sawtooth Lake.

What we do know is that there are no software development resources to spare. There is a global talent shortage for developers who understand not only cryptocurrency and blockchain engineering challenges, but who also understand distributed systems. The guts of these platforms are not unlike the complex balancing acts that operating system kernels or hardcore database efforts can reflect. Debugging multi-threaded applications was a challenge when all we knew were single-threaded applications; now debugging distributed applications is that much harder. Software that wouldn’t benefit from a rewrite doesn’t exist (or fresh thinking on old problems). Given the amount of duplication of effort we see today on the same core functions, we need to constantly be looking for opportunities for developers to be working on common code and roadmaps whenever possible. We’re not only building consensus mechanisms, we need to live them as a development priority.

In this environment, the most valuable role the Hyperledger Project can play is to serve as a trusted source of innovative, quality-driven open source software development community, creating modular, open source components and platforms. The optimal focus of Hyperledger is to advance industry goals of distributed ledger and smart contracts. Hyperledger will forge a brand that will be seen widely to reflect the accepted default “safe” deployment platform for enterprise teams, and be seen as a great home for active collaboration around new technologies, only then our mission will be accomplished.

Another way to think of this is to consider Hyperledger’s potential role in the emerging landscape of public blockchain technologies. Most of today’s open source blockchain efforts outside of Hyperledger are focused on permissionless chains, necessarily implementing a cryptocurrency as a means to fund mining and participation in consensus. This has tremendous challenges, and not all of them are technical, as the debates over the Bitcoin blocksize or the DAO demonstrate. What may appear to be technical debates at first glance often are really about different visions for the roles these platforms should play in society and who should govern them. We’ve crossed this bridge before, though. The Domain Name System was fortunate enough to rise to ubiquity long before anyone outside the early Internet architects realized how important it was – how important having a widespread network of root nameservers all consistently serving up the same answers for domain names would be. To get there, we might have started with a few developers building a better replacement for “/etc/hosts”, but which eventually evolved into a three-part structure: standards bodies (IETF), implementers (sendmail, postfix, qmail, etc), and global governance (ICANN).

Hyperledger Pie Chart

Mapping this to today, there is no reason why a particular cryptocurrency needs an entirely novel technology stack. The scaling needs of a particular cryptocurrency has tended to drive the technology roadmap for a given stack, but the code behind ETH and ETC (Ethereum and Ethereum “Classic” tokens) is almost entirely the same. The configuration settings, mining community management, trademark questions, and regulatory agency and law enforcement relationships will likely differ, and are really a matter for the global governance of ETC and ETH as cryptocurrencies.

“The most valuable role the Hyperledger Project can play is to serve as a trusted source of innovative, quality-driven open source software development community; creating modular, open source components and platforms; all focused on distributed ledger and smart contract technologies. If Hyperledger can forge a brand that is widely seen as the accepted default ‘safe’ deployment platform for enterprise teams, and be seen as a great home for active collaboration around new technologies, then I think we can say ‘mission accomplished’.”

If Hyperledger could help not only forge common ground between different software development efforts, but also encourage a gradual detachment between standards, implementations, and global governance (whether that’s around currencies or other use cases), then we will also accelerate adoption of blockchain tech widely and further reduce needlessly duplicated engineering and hardening efforts.

Perhaps most importantly, we can directly address what many have observed as a major challenge with the existing open source blockchain efforts – tremendous levels of tribalism amongst developers. While invigorating, it can also make sharing code between efforts, or talking about common challenges and how to meet them, notoriously difficult. This is true even when the payoff would be less duplicated code and more eyes looking for security holes and other issues.  Multiply that rivalry with the effects of holding fungible currency whose value can be tied directly to the software in question, or open source project brands tightly associated with commercial brands in which developers own equity, and incompatible copyright license paradigms, and working together can be nearly impossible.

At Hyperledger we believe we can provide an answer to this.  Let’s bring these different implementation efforts within the same “home”, with a consistent approach to intellectual property, community collaboration standards, overall branding (“Hyperledger ____”) and an encouragement to either work together or usefully differentiate.  If we do this, it will remove barriers to collaboration, encourage developers to find opportunities to work on common code, and address the potential for confusion and wasted duplication of efforts without requiring a top-down single architecture or personality to dominate.

The Model

What does being a project under the Hyperledger banner actually mean? Consider the Apache Software Foundation. Within the ASF, after nearly 20 years of existence as a community of communities, there are nearly 300 different “top-level” software projects. Each has its own charter, developer community, roadmap, development process, etc. They mostly use the same collaboration tools, the same IP framework (the Apache license, and contributor license agreements), they use the same reporting process to the Board of Directors, and they must demonstrate the same sort of community-driven development as established and evaluated by the Apache Incubator. There are several competing projects at the ASF; this is not a problem, as projects that fail to get or sustain a critical level of participation and responsiveness to the needs of its users can simply be retired by the Board when it’s clear they’ve lost it.

There are many parts of this we would not copy verbatim, but it’s a model with proven success at turning new efforts into home runs (see Hadoop, Spark, and countless others), and a clear template understood and trusted by a broad community. In our case we can be a bit different. The Linux Foundation can provide many services that Apache depends upon volunteers to provide, from project coordination and developer collaboration tooling, to hosting and conducting virtual and physical meetings, to worrying about developer contributor agreements and trademarks and other legal issues, and more.

With this as inspiration, and through discussions at the Technical Steering Committee, we’ve come to define a  Hyperledger project as consisting of:

  1. An identified set of software developer “maintainers” who are responsible for the development process, culture, and general technical direction of the project, and engaging the public. The developers can vote in new members and people may retire, but any active project needs at least a few who maintain a heartbeat of activity, if not more.
  2. A bounded set of artifacts, including one or more Git repositories, a bug tracking/issue database, a wiki, a set of mailing lists, and other developer resources (e.g. forum, mailing lists, IRC/Slack channels, etc) tied together as part of the same particular project, and which the maintainers directly and the broader community indirectly are responsible for keeping updated and active.
  3. Dedicated space within Hyperledger to describe the project and the community, with a clear delineation on the relationship and differences with other efforts at Hyperledger (or elsewhere), and an indication that each is equally important to the overall Hyperledger effort.

That’s it. From that, all else can be derived. Ultimately, we want to increase the impact of Hyperledger across the open source blockchain landscape. The increased level of traffic to our community, and the ability to serve many different points across the map, can only enhance our ability to serve the broader blockchain community.

In my next blog post, I will go over what it means to be a part of Hyperledger; the benefits, responsibilities, and the process for launching new projects under Hyperledger.