Fun

Hyperledger onboards Citi, forms Besu working group headed by DTCC

News Feed - 2024-03-19 09:03:00

Derek Andersen12 hours agoHyperledger onboards Citi, forms Besu working group headed by DTCCThe open-source blockchain software developer now has 135 members and is heralded as a tokenization leader.730 Total views11 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksOpen-source blockchain software developer Hyperledger Foundation has onboarded two more members and created the Hyperledger Besu Financial Services Working Group. The working group will seek to strengthen alignment between service developers and organizational users.


Citi and the Brazilian Development Bank (BNDES) are new foundation members. They join 133 current members, including banks, central banks, tech firms, nonprofits, educational institutions and retailers. Members can support the foundation financially or through “sweat equity,” executive director Daniela Barbosa told Cointelegraph. Their support ensures the continuation of the foundation’s 13 projects, and the code they produce is enterprise-grade.


A large portion of the financing Hyperledger receives goes toward providing training for expert users, who are experiencing greater demand as the foundation’s products are adopted, Barbosa said.


Hyperledger Besu is Java-based software with an extractable implementation of the Ethereum Virtual Machine (EVM). It was initially developed by Consensys, which contributed to the Hyperledger Foundation in 2019. The code from all 13 Hyperledger projects was contributed by companies, Barbosa said.


Related: ETH Merge will change the way enterprises view Ethereum for business


Contributing code to an open-source foundation is common when a company does not want to be the sole developer of software. Open-sourcing a project makes development faster and enables a larger ecosystem to be formed. Barbosa adde:“As more and more companies, governments and different organizations take this code and bring it into production, they need partners and vendors to support them in that journey.”


Hyperledger works with 35 vendors. Besu users need a diversity of vendors and partners for a healthy marketplace, Barbosa continued. She noted that some of Hyperledger’s projects, such as Besu and Fabric, have overlapping features. Open sourcing allows companies to collaborate on the development of noncommercial features of software.Source: Javi


The new Besu working group will be chaired by the Depository Trust & Clearing Corporation (DTCC), which is already a premier-level member of the foundation. Other members, not all of which are foundation members, include Accenture, Banco Central do Brasil, Consensys, Citi, Japan Securities Clearing Corporation, Mastercard, Santander and Visa.Toenization protocol leaderboard. Source: Blockdaemon


Hyperledger Besu is the most widely adopted software for asset tokenization, Blockdaemon reported in early 2024. In a survey of 92 firms, more than 40% of them mentioned it, Blockdaemon found. It also stated that “the tokenization landscape is […] splintered, and often outright hidden,” and it is impossible to predict what that landscape will look like in 12-18 months. It warned:“It is conceivable to envisage a future where a handful of interoperable private chains control the lion’s share of tokenized flow.”


Hyperledger Foundation is part of the Linux Foundation.


Magazine: 6 Questions for Daniela Barbosa of Hyperledger# Blockchain# Ethereum# Assets# Software# HyperledgerAdd reactionAdd reactionRead moreEthereum price drops 20% in a week, but investors are still bullishSygnum bank to tokenize $50M of Matter Labs’ reserves for transparencySquare Enix invests in Web3 and NFT gaming platform HyperPlay

News Feed

JPMorgan Chase launches AI tool for research analyst tasks
Arijit Sarkar1 hour agoJPMorgan Chase launches AI tool for research analyst tasksJPMorgan Chase has introduced LLM Suite, an AI-driven tool similar to ChatGPT, to boost productivity in its asset and wealth management div
Kraken Ventures Raises $65 Million to Invest in Web3, Defi, Blockchain Startups and Protocols
Kraken Ventures Raises $65 Million to Invest in Web3, Defi, Blockchain Startups and Protocols The independent investment fund led by Kraken alumni that’s focused on early-st
Amazon faces UK merger probe over $4B Anthropic AI investment
Tristan Greene7 hours agoAmazon faces UK merger probe over $4B Anthropic AI investmentMicrosoft and OpenAI face similar scrutiny as Europe and the UK seek to identify the line between investment and acquisition.588 Total
Is Bitcoin due for a correction with 5 weeks till the halving?
Zoltan Vardai15 hours agoIs Bitcoin due for a correction with 5 weeks till the halving?While Bernstein sees a $150,000 Bitcoin price target, other analysts warn of a potential correction.12445 Total views20 Total sharesL
Crypto recaptures $2T market cap as Bitcoin climbs above $57,000
Nancy Lubale4 hours agoCrypto recaptures $2T market cap as Bitcoin climbs above $57,000The cryptocurrency market has more than doubled in recent months, led by Bitcoin’s surge.1000 Total views16 Total sharesListen to a
Zhiyuan Sun3 hours ago$656M lost from crypto hacks, scams and rug pulls in H1 2023: ReportApproximately $215 million of stolen assets have since been recovered.718 Total viewsListen to article 0:00NewsJoin us on social n
Expert Warns of Possible Deflationary Depression as Money Supply Contracts: ‘Pay Attention to QT and the Money Supply’
Expert Warns of Possible Deflationary Depression as Money Supply Contracts: "Pay Attention to QT and the Money Supply" During the Covid-19 pandemic, central banks such as the U.S.
Super PAC focuses on unseating Sen. Warren, spends $850K on John Deaton
Turner Wright5 hours agoSuper PAC focuses on unseating Sen. Warren, spends $850K on John DeatonThe Commonwealth Unity Fund has disseminated more than $1 million in Massachusetts to support Republican John Deaton’s bid
MTV Airs Only the Negative Parts of Crypto Youtuber ‘Ya Girl’ Rachel Siegel’s Bitcoin Analysis
MTV Airs Only the Negative Parts of Crypto Youtuber ‘Ya Girl’ Rachel Siegel’s Bitcoin Analysis A new television series by MTV features arguably the channel’s first cr
Dubai virtual asset regulator wants to lift burden on small crypto firms
Ezra Reguerra25 minutes agoDubai virtual asset regulator wants to lift burden on small crypto firmsMatthew White, the CEO of VARA, explained that being regulated is costly, and they are looking for ways to reduce the fin
Despite Bitcoin’s Price Highs, Onchain Data Shows BTC Miners Are Not Spending More Than Usual
Despite Bitcoin"s Price Highs, Onchain Data Shows BTC Miners Are Not Spending More Than Usual The cryptocurrency economy has been higher in value than ever befor
Hacker Siphons $80 Million From Qubit Cross-Chain Bridge, Largest Defi Exploit of 2022 to Date
Hacker Siphons $80 Million From Qubit Cross-Chain Bridge, Largest Defi Exploit of 2022 to Date Findings stemming from a recent report published by the security-focused blockchain f