China’s Baidu joins Hyperledger

Baidu, China’s leading Internet search engine, confirms its interest in blockchain technology by becoming a member of Hyperledger
18 October 2017   381

China’s relationships with crypto universe have been quite intense lately. Thus, due to the whole China-against-Bitcoin thing, the top cryptocurrency price has fallen. On top of that, according to undisclosed sources, the Chinese government has officially decided to crack down on all Bitcoin and cryptocurrency trading, not just commercial exchanges.

Still, it seems like the prohibitions of cryptocurrency exchanges and token offerings have not dissuaded domestic blockchain development.

Thus, now Baidu joines an open-source collaboration for blockchain technology - Hyperledger. It's noteworthym that, according to alexa.com data, baidu.com is the most popular website in China and ranks fourth globally

For now, it’s unclear whether Baidu will immediately incorporate blockchain technology or not, but the company has a broad product base for experimentation. 

Hyperledger Sawtooth is Ready for Business

Intel’s "Hyperledger Sawtooth" version 1.0 released
30 January 2018   294

Today it was revealed that Hyperledger Sawtooth is officially ready for enterprise use. It is now also the second open-source blockchain platform after Hyperledger Fabric.

With the release, Sawtooth marks the business debut of a new consensus mechanism called “proof-of-elapsed-time” (PoET). So, instead of having the participants to solve a cryptographic puzzle, the algorithm uses special processor instructions to ensure new blocks are produced randomly like a lottery; no work required. Potentially, anybody with the CPU that supports new instruction is eligible to be part of the consensus process, and it is very energy-efficient.

This very instruction also provides hardware security solutions for enterprises that want to integrate Sawtooth into its business line. Thus, Intel delivers a balance between utilizing the strengths of a public blockchain with transaction volume and enterprise security demands.

The final version also supports Solidity smart contract language, along with Go, Javascript, Python. Among the early companies who already use Hyperledger Sawtooth are Huawei, T-Mobile and Amazon.

As for the reactions on social networks, some Twitter users were sarcastic: @MadBitcoins said “How is this breaking?”; and @kgorin said “Does it leak memory too?”. Some were optimistic: @minigin_courses said “Sweet!!!! $btc #Bitcoin”.