DUBLIN & NEW YORK–(BUSINESS WIRE)–CasperLabs, a leading enterprise blockchain software company, today announced its membership in the Hyperledger Foundation, the open, global ecosystem for enterprise blockchain technologies. CasperLabs is committed to reducing the risk of using the Casper Blockchain technology in businesses by offering flexibility. The company believes interoperability between blockchains is the key to greater use of the technology and helps the open source community increase its reach and impact.
“Joining the Hyperledger Foundation will result in hybrid applications that will advance both the Casper and Hyperledger communities,” said Mrinal Manohar, Co-Founder and CEO, CasperLabs. “The Casper community will be able to generate high-quality open source resources that can benefit both projects, while the Hyperledger community will be introduced to the innovative features of the Casper public blockchain, allowing new applications leveraging hybrid solutions can be developed.”
“Interoperability is a critical requirement for widespread deployment of blockchain-based solutions,” said Daniela Barbosa, CEO, Hyperledger Foundation, and General Manager Blockchain, Healthcare and Identity at the Linux Foundation. “The Hyperledger community has been developing multiple DLT platforms as well as tools to enable a multi-chain ecosystem for years. As a member of the Hyperledger Foundation, CasperLabs will help accelerate this work by contributing valuable expertise and resources focused on unlocking new hybrid blockchain applications.” »
CasperLabs recently partnered with IBM to demonstrate first-hand the potential of a hybrid blockchain. The two companies demonstrated the first atomic cross-chain exchange of fungible and non-fungible tokens between an instance of a Hyperledger Fabric permissioned network and the Casper Blockchain using the Hyperledger project weaver. This resulted in the enhanced security of a consortium network running Hyperledger Fabric with public verifiability and open market access enabled by Casper public blockchain features.
“Hyperledger Fabric is a permissioned platform and can benefit from interoperability with the groundbreaking Casper permissionless network,” said Medha Parlikar, co-founder and CTO, CasperLabs. “Casper can leverage the familiarity that enterprises have with Hyperledger technology to de-risk the transition to permissionless networks and bring assets locked on the private ledger to the public chain. We are proud to join the Hyperledger Foundation to develop real-world use cases for hybrid blockchains that will benefit businesses now and in the future.”
“Monetizing enterprise digital assets is key to scaling enterprise blockchain adoption. Interoperability between permissioned and public chains can lead to large ecosystem reach and better access to liquidity, while preserving privacy and control over corporate assets, says Shyam Nagarajan, Executive Partner, Web 3.0 and Sustainability at IBM. “IBM is committed to building hybrid networks that leverage the power of permissioned and public blockchains to help enterprises launch new business models.”
For more information about CasperLabs, visit www.casperlabs.io.
About CasperLabs
CasperLabs, a leading blockchain software company for the enterprise market, re-imagines blockchain for the enterprise with a future-proof solution. The company also provides development, support and advisory services for organizations that build on the Casper network. Guided by open source principles, CasperLabs is committed to supporting the next wave of blockchain adoption among enterprises and providing developers with a reliable and secure framework to build private, public and hybrid blockchain applications. The team has deep enterprise technology experience with a cumulative 100 years of enterprise experience, coming from organizations including Google, Adobe, AWS, Dropbox and Microsoft. To learn more, visit www.casperlabs.io.
