I Hope That PoW Dies a Quick Death, Hyperledger CEO Says

Brian Belendorf belives that there gotta be another technologies instead of Proof-of-Work concept, "that aren't so energy insensive"
23 April 2018   1377

Speaking at the Business of Blockchain conference at the Massachusetts Institute of Technology (MIT), executive director of the Hyperledger consortium Brian Belendorf talked about his attitude to open source technologies, the regulation of the cryptocurrency industry and the consensus algorithm Proof-Of-Work. This is reported by CoinDesk.

CoinDesk Twitter
CoinDesk Twitter

He also noted that open source technologies will always be used for both good and bad purposes. However, in his opinion, this does not play any role, as long as they remain in the public domain.

Belendorf is convinced that many ordinary users are asking the same questions as the Securities and Exchange Commission (SEC), and are also afraid of the same things.

Earlier, Proof-Of-Work in the bitcoin network was called up by the co-founder bitcoin. org and bitcointalk. org Cobra because of the centralization and control over the hashrate in the hands of the largest manufacturer of mining equipment Bitmain.

Hyperledger Certified China Army Associated Company

American Accenture, Chainyard and IBM and Chinese Beijing PeerSafe Technology and Ant Financial received certificates under HCSP program
19 November 2019   257

Among the first five certified service providers of the Hyperledger blockchain consortium was a company from Beijing, which cooperates with the People’s Liberation Army of China, CoinDesk reports.

According to the Hyperledger Certified Service Provider (HCSP) program launched earlier this month, the consortium certified the American companies Accenture, Chainyard and IBM, as well as the Chinese Beijing PeerSafe Technology and Ant Financial.

Status allows them to provide services to enterprises implementing Hyperledger technologies.

Earlier, Beijing PeerSafe Technology attracted funding from the Shanghai Civil Military Integration Development Fund. This organization invests in dual-use technologies that are used for both civilian and military purposes.

Peersafe claims to be the only Chinese company to receive three state-established qualifications. Among them are permits for the sale to the Ministry of Public Security of the PRC of information protection products and software supplies for central government agencies.