The research and development arm of Cardano, IOHK, is the latest team to join the Hyperledger group.
Hyperledger is an open-source blockchain consortium which focuses on bringing solutions and structures to more than 250 member companies, which include industry leaders in finance, banking and technology.
Now eight others including IOHK have come onboard. These new members include DB Systel GmbH, IOVlabs, Public Mint, Binarystar, Atomyze by Tokentrust AG, who will all now be part of the multi-venture, multi-stakeholder effort hosted at the Linux Foundation.
In a blog post shared on Thursday, Roman Pelerin the Chief Technology Officer at IOHK revealed the news and set out the reasons for the partnership, saying:
“One of IOHK’s founding principles is its belief in nurturing a collaborative ecosystem for blockchain development. Our commitment to knowledge-sharing and to our deeply-held principles of open-source serves as the rationale behind becoming a member of the Hyperledger community.”
The entrance of IOHK also has many benefits for the group and potentially their Cardano project. The new collaborators offered can also increase their interoperability and aid the development of IOHK’s enterprise blockchain projects in the future.
The team at Hyperledger are similarly pleased with the partnership with IOHK. “Our goal at Hyperledger is to bring together a strong and diverse community to advance cross-industry blockchain technologies,” said Brian Behlendorf, executive director at Hyperledger. “IOHK has the deep domain expertise and a strong vision for decentralized networks that make it a great addition to our community.”
Cardano and IOHK have a good 2020 with Shelley Announcement
The news tops off what has been a good 2020 for IOHK and Cardano. The team were able to announce the roadmap for the Shelley upgrade which their founder Charles Hoskinson revealed on a podcast.
As a result of industry excitement, Cardano’s native token, ADA, jumped 60% in price despite the bearish trend. The final upgrade will be here by July 7th at the latest said Hoskinson and the group will celebrate the full release by hosting a Virtual Summit.
On June 9th Cardano launched their Shelley Upgrade public testnet, something IOHK revealed to their growing community via Twitter, calling it, “a hugely important milestone on our shared journey to Shelley mainnet.”