Accenture to File New Blockchain Patent

Technology, developed by the team, seeks to improve blockchain's security and stability
08 August 2018   1124

Accenture, which works in the field of consulting and professional services, filed a patent application describing the technology of "Hardware blockchain accleration", designed to accelerate and improve the security of transactions in the blockchain using patented equipment. This is reported by CCN.

According to Accenture, this technology is necessary in connection with the new security threats that have emerged due to the rapid development of communication and electronic technologies. The patent application states that this technology provides safe and efficient execution of complex transactions not only between software processes and hardware systems, but also between people.

Accenture says its invention improves the security and scalability of the blockchain due to the fact that the encryption and decryption of data is carried out not only in hardware but also programmatically, so that the technology is not limited to either way.

As a result, the implementation shown … has increased security and scalability as compared to, for example, software only based security systems. For example, all or parts of the implementations may be circuitry that includes an instruction processor, such as a Central Processing Unit (CPU), microcontroller, or a microprocessor; or as an Application Specific Integrated Circuit (ASIC), Programmable Logic Device (PLD), or Field Programmable Gate Array (FPGA); or as circuitry that includes discrete logic or other circuit components, including analog circuit components, digital circuit components or both; or any combination thereof.
 

Accenture Patent Application

Instructions for performing tasks can be stored on various media, including flash memory, magnetic and optical disks like hard disks, CD-ROMs, as well as EPROM, ROM and RAM.

Earlier, the company developed a blocking prototype, which allows administrators to edit, rewrite and even delete blocks from closed blockchains. Then one of the leaders of Accenture, Richard Lamb, said that the absolute immutability of the block could not suit financial institutions like banks.

ETH Framework Pantheon to Join Hyperledger as Besu

Consoritum stated that the new product will be the first in the line of proposals that will allow you to create applications on the public blockchain
30 August 2019   1220

The blockchain consortium Hyperledger added support for the Pantheon Ethereum Java-based client, developed by the technical division of the ConsenSys startup. The initiative was called Hyperledger Besu.

So, the new product will be the first in the line of proposals of the consortium, allowing you to create applications on the public blockchain. Hyperledger Besu should become the link between the corporate sector and the open blockchain with the implementation of some of the benefits of private distributed networks.

The developers intend to combine the framework with the modular client Hyperledger Burrow, which contains a mechanism for limited access to read smart contracts, partially built on the basis of the Ethereum Virtual Machine (EVM) specifications.

At the same time, the Pantheon team also plans to ensure the interoperability of the client with the Tendermint protocol. To do this, they are likely to use the product Hyperledger Quilt.