Linux Foundation’s Hyperledger launched in 2016 has attracted many members to its singular technology, the latest members being FedEx, Honeywell International Inc., and Conste11ation Labs. Wanchain (WAN) also announced today that it has officially joined the hyperledger community where it will focus on “blockchain interoperability”.
The Hyperledger is an open source project focused on uniting blockchain of different cryptocurrencies and industries to work together and share value. Members of the Hyperledger community come from different sectors of the world economy. In a press release made available by the company, Hyperledger now has 14 new members cutting across different fields of endeavour, one of which is Wanchain.
The Executive Director of the company, Brian Behlendorf said:
“Our community ranges from technology giants and industry leaders to start-ups, service providers and academics. We are gaining traction around the world in market segments from finance to healthcare and government to logistics. This growth and diversity is a signal of the increasing recognition of the strategic value of enterprise blockchain and commitment to the adoption and development of open source frameworks to drive new business models.”
Wanchain (WAN) is out to link blockchains together in the ever developing society where “assets are tokenized”. Evolving to a stage where blockchains are interoperable is a good way to facilitate the achievement of its dreams. This explains why it decided to join Hyperledger at this time as stated by Jack Lu the Founder and CEO of the company.
“Our passion for cross-chain solutions stems from our belief that, in order to realize blockchain’s full potential, the chains that make up the broader blockchain ecosystem must be able to connect and interact seamlessly with one another. The Hyperledger community shares that vision, and we are excited to work closely with its members to achieve our common goal and help push the entire industry forward.”
Meanwhile Wanchain is looking to launch the Alpha version of its Wanchain 3.0 which is slated for the fourth quarter of the year 2018. This launch is expected to be a ground breaking achievement in the blockchain industry and make an invaluable contribution to Ethereum-based projects by enabling Wanchain blockchain interoperability with Bitcoin and Ethereum.
Wanchain will have the honour of being the pioneer blockchain to enable this function between two separate cryptocurrency blockchains. After the launch, Ethereum which is known for making of dApps and protocols can now make dApps, protocols or DEX that will function seamlessly between Ethereum and Bitcoin networks.
Also as part of its contribution to hyperledger, Wanchain (WAN) is working with Hyperledger Quilt, itself a Hyperledger project which focuses on transfer of value between distributed and non-distributed ledger, and Hyperledger Indy, a Hyperledger project focused on decentralized identity. It also hopes to enhance interaction between different blochchains in the Hyperledger Ecosystem to promote interoperability.
The ecosystem seems to be ideal for inter industry collaborations to further strengthen the blockchain industry by enhancing technology sharing that will make the industry more vibrant to achieve the goals of establishing an effective global digital economy where money can be transferred from one blockchain to another seamlessly as quickly as possible.