IOHK To Join Hyperledger Project and World Wide Web Consortium
IOHK To Join Hyperledger Project and World Wide Web Consortium
May 21, 2020
IOHK To Join Hyperledger Project and World Wide Web Consortium
IOHK To Join Hyperledger Project and World Wide Web Consortium
May 21, 2020

IOHK, the company behind Cardano’s development (ADA) will be joining the Hyperledger Project and World Wide Web Consortium or W3C.

Cardano founder and CEO and co-founder of IOHKCharles Hoskison, confirmed on the company joining the two organizations.

Hoskinson believes that IOHK will benefit from their shared knowledge while the partnership will give it an edge in the bidding process:

“We would like to start consolidating some of our enterprise ledger ideas and bring it there, “A”,  because there’s just a lot of knowledge in that circle. And “B”, it helps us with the bidding process. When we’re deploying a permissioned system, government procurement and corporate procurements, a little bit more familiar with Hyperledger.”

Founded by Linux Foundation, Hyperledger is an umbrella for various enterprise-focused blockchain protocols. W3C is an international community that works on the development of Web standards.

IOHK’s contract with the Cardano Foundation is expiring at the end of the year, when the company will present its proposal for the contract renewal to the community.

ALSO READ :  Huobi And Web3 Foundation Pours Resources Into Supporting Projects On Polkadot

An integral part of this proposal will be the roadmap for creating an enterprise version of Cardano:

“One of the things that we will explore is how do we create an enterprise version of Cardano? And we’ll make a proposal for that at the end of the year when we’re proposing to the community IOHK contract renewal for the next five years for Cardano. And there’s going to be certainly an enterprise component to that renewal. And we’d love to pursue that strategy through the hydrologic group at the Linux Foundation.”

Hoskinson also emphasized on Cardano allowing for an easy switch between a permissionless mode and a permissioned one:

“The way that we design Catano, we made it very easy to switch between a permissionless and a permissioned mode.”

Source: Cointelegraph | Image: Pexels


Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.

Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.

We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.

You May Also like

Jafrin Ahmed

Crypto newbie passionate about creating resourceful content on blockchain technology, cryptocurrencies and decentralized apps.