Race Between Ethereum and Hyperledger Continues as 10 New Members Added – Trustnodes

Race Between Ethereum and Hyperledger Continues as 10 New Members Added

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Hyperledger, a consortium of many household brands created to “advance cross-industry blockchain technologies,” added ten new member today, including Cagemini, an IT Consulting company with yearly revenues of some $12 billion. Damien de Chillaz, Vice President at Capgemini Financial Services, stated:

“At Capgemini, we seek to become the partner of choice for our Financial Services clients who feel ready to move from proof of concept to production on Blockchain.

We believe that this ambition requires the right combination of business intimacy and technical expertise that we can bring through our leadership position in Financial Services and our global presence and expertise in Distributed Ledger Technology.

Although we remain ledger-agnostic, we are very excited to join Hyperledger and its open source community, to help shape the future of financial services alongside our most strategic clients.”

The addition follows Hyperledger’s release of Fabric 1.0, their “first production ready blockchain framework,” according to the announcement.

“The added support comes at a perfect time, with the recent launch of Hyperledger Fabric 1.0 and the goal of working together as a community to reach and promote production deployments of the technology this year,” Brian Behlendorf, Executive Director at Hyperledger, said.

Hyperledger’s Fabric model.

It follows recent news that the Ethereum Enterprise Alliance (EEA) added 34 members, including MasterCard, Cisco and even an Indian State government. Making them the largest blockchain initiative.

But Hyperledger is hardly far behind with the two projects continuing to attract more members in a friendly competition of sorts for resources and developers.

Both initiatives are focused on private blockchains, although EEA says they are “investigating hybrid architectures that span both permissioned and public Ethereum networks as well as industry-specific application layer working groups.”

Among the IT giants, IBM is backing Hyperledger, while Microsoft has given strong support to EEA and ethereum more generally, but for now, the general attitude appears to be more focused on cooperative competition.

That’s because much of the space is still at the infrastructure stage with metaphorical railroad tracks being laid as brands and others used 2015-16 to explore blockchain technology.

Some launched pilots and prototypes, with the space now seemingly moving towards real life production use as the speed of blockchain development appears to be higher than expected.

 

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