Hyperledger to Release New Framework Grid

New framework is designed for mature businesses standards implementation
25 January 2019   469

The Hyperledger consortium introduced the Grid framework for developers of blockchain supply chain solutions.

Hyperledger platforms are flexible by design, but, as such, do not speak the language of any business or have opinions on how basic data types should be stored. In reality, enterprise business systems and market models are actually quite mature, as organizations have been transacting electronically based on common standards for decades.  Grid will provide a place for implementations of these standards and norms.
 

Hyperledger Team

Hyperledger Grid
Hyperledger Grid

The initiative has already been supported by Cargill, Intel and Bitwise IO.

Previously, the Hyperledger technical steering committee approved the Ursa project, a modular cryptographic library for solution developers based on distributed registry technology.

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   342

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.