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Digital Asset Announces Progress Made In Hyperledger Project
Digital Asset has recently announced the progress made in the Hyperledger project. The company describes it as an enterprise-ready blockchain server with a client API, which has a modular architecture and configurable protocol properties.
“Hyperledger employs an append-only log of financial transactions designed to be replicated at multiple organizations without centralized control”, the company said. “Hyperledger is designed to be the lowest level communication and consensus layer and aims to upgrade components of today's global financial infrastructure, which consists of a complex patchwork of systems, protocols, and adapters.”
Digital Asset said that it is open sourcing the project with the belief that as a critical part of the new financial infrastructure, this part of the software stack should be “commoditized, collaborative and serve as the robust backbone to value-added applications.”
It further said that the Hyperledger was developed with the requirements of enterprise architecture in mind. It has a highly modular design at both the code and runtime levels that allows for integrations with legacy systems. The networking rules are configurable to allow for distinct interoperable consensus groups, each with its own functional and nonfunctional requirements.
Digital Asset said that the code base that it is contributing is the “latest stable version” and after being submitted to the Linux Foundation’s Hyperledger project, the roadmap will be determined by the Technical Steering Committee and community of contributions.
“We are excited to collaborate with global leaders across finance and technology: Accenture, ANZ Bank, Cisco, CLS, Credits, Deutsche Börse, DTCC, Fujitsu Limited, IC3, IBM, Intel, J.P. Morgan, London Stock Exchange Group, Mitsubishi UFJ Financial Group, R3, State Street, SWIFT, VMware, and Wells Fargo”, Digital Asset said. “The reaction to the announcement was fantastic; Hyperledger has been one of the most highly requested to participate in projects in the Linux Foundation's history. There are several extremely exciting additions since the initial announcement that will be made public soon.”
The improvements that the company will be contributing shortly include enhanced privacy features; support for some of the feature set of the Elements Project led by Blockstream; Integration with multiple Byzantine Fault Tolerant consensus implementations and more.