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   1128

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.

Microsoft & EEA to Create Token Taxonomy Initiative

As reported, EEA intends to act as a platform for the the Token Taxonomy Initiative, which involves the Hyperledger, R3 and Digital Asset Holdings consorti
18 April 2019   617

The Enterprise Ethereum Alliance (EEA) blockchain consortium launched a project with Microsoft to help businesses develop and create tokens to solve specific problems.

The EEA intends to act as a platform for the Token Taxonomy Initiative, which involves the Hyperledger, R3 and Digital Asset Holdings consortia. At the same time, IBM and Intel, JP Morgan financial holding, ConsenSys blockchain start-up and many others will participate in the project.

According to Ron Reznick, Director General of the EEA, various seminars will be available to specialists as well as the GitHub repository as part of the initiative. Already existing tokens on different blockchains will be tested, and then reduced to a single standard.

Microsoft Chief Architect Marley Gray noted that during his work with the Microsoft Azure cloud platform and EEA, he often encountered various industry consortia that spent a lot of time trying to understand “how best tokenize, for example, a barrel of oil”.

Thus, as part of the initiative, it is planned to create a token constructor so that any person, even without being a technical specialist, can explain to developers what he wants from an asset.

Last year, EEA and another leading blockchain consortium Hyperledger announced a partnership that provides for the creation of uniform standards for corporate distributed networks developed by the participants of these two organizations.