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Hyperledger Launches Hyperledger Iroha 1.0

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Hyperledger, a collaborative cross-industry effort created to advance blockchain technology, announced today the general availability of Hyperledger Iroha 1.0. Hosted by The Linux Foundation, Hyperledger Iroha is the fourth active Hyperledger project to reach 1.0, following Hyperledger Fabric, Hyperledger Sawtooth and Hyperledger Indy. Iroha is a distributed ledger project that aims to provide a development environment where C++ and mobile application developers can contribute to Hyperledger.

New Hyperledger Iroha 1.0 features include:

  • YAC Consensus — a consensus protocol that ensures the  safety of the ledger, even if some nodes are faulty or cannot be trusted. The protocol scales linearly in the peer network size.
  • Fully Operational Multisignature — an option for transactions when your application needs multiple signatures for transaction settlement.
  • Updated client libraries — support for writing applications on many different platforms from mobile to mainframe using many different programming languages such as Java (compatible with Android, Scala etc.), JS, Python, and iOS.
  • Windows support (experimental) — Hyperledger Iroha now natively runs on Windows, as well as in Linux and MacOS environments.

“It’s extremely gratifying to see another one of Hyperledger’s active projects hit the 1.0 milestone,” said Brian Behlendorf, Executive Director, Hyperledger. “This is a huge testament to the strong collaboration of our growing community. I look forward to seeing development efforts around Hyperledger Iroha continue to grow and more and more productions systems powered by the framework later this year.”

Hyperledger Iroha complements other Hyperledger projects by providing an alternative design solution for mobile-oriented use cases in finance and identity management. Hyperledger Iroha has a long-term vision to simplify the implementation of blockchain business applications by providing an easy-to-use API and a universal peer model. Hyperledger Iroha has a modular architecture making it additive to existing projects using other Hyperledger technologies and provides a robust library of reusable components to enhance existing applications.

Hyperledger Iroha contributors from around the world attend meet-ups and blockchain events, collaborate  with universities, and answer constant questions in chats to help people learn about and use the framework. All are invited to participate in this open community.

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Hyperledger aims to create distributed ledger technology that enables organizations to build and run robust, industry-specific applications, platforms and hardware systems to support their individual business transactions. The consortium now has more than 270 members with steady growth since its inception, spanning various industries including finance, healthcare, the Internet of Things, credit card services, supply chain and aeronautics, among several others.

You can find the Hyperledger Iroha 1.0 documentation here: https://iroha.readthedocs.io/en/latest/. Follow the “Getting Started” guide to create your first Hyperledger Iroha network in 10 minutes.

Community Quotes:

“The release of Hyperledger Iroha 1.0 is a significant milestone for this vibrant community and the enterprise blockchain space,” said Makoto Takemiya, CEO, Soramitsu. “As a core contributor to the project, we are very excited to see the Hyperledger Iroha team reach this milestone and continue to build upon the diverse DLT ecosystem developing under the Hyperledger greenhouse.”

“We are very excited about the release of Hyperledger Iroha 1.0 because it offers an out-of-box solution for implementation of blockchain networks to mobile devices,” said Yasir Azeem, Head AI and Blockchain from Ikioo. “With the combination of scalability and a permissioned Blockchain, Hyperledger has built something worth commending.”

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“Global business is always terrific, and we had looked for the solution that fits our requirements in terms of a solution that is 100% open-sourced, oriented to specific needs of our task: account management, and KYC and supportive in terms of community,” said Alexander YakovlevNSD. “Iroha’s existing adoption experience in several countries and practical case with Cambodian central bank were additional benefits.”

Additional Resources:

 

SOURCE Hyperledger

Blockchain

LCT Secures VARA In-Principle Approval, Defining Its Role in Dubai’s Crypto Landscape

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Bybit One-Click Buy Offers a Winning Chance in First-Time Deposits Lucky Draws

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Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)

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Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:

BlackRock ETF Embraces Blockchain with First Muni Bond Purchase

BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.

By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.

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Source: Yahoo Finance

Plume Secures Funding for Tokenization Platform

Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.

Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.

Source: Fortune

SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips

SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.

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As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.

Source: The Quantum Insider

Deutsche Bank’s Public, Permissioned Blockchain Initiative

Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.

The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.

Source: CoinDesk

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KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands

Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.

By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.

Source: PR Newswire

Industry Implications and Key Takeaways

Today’s developments highlight the transformative potential of blockchain across multiple domains:

  1. Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
  2. Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
  3. Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
  4. Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
  5. Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.

The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.

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