Company also partners with IBM to successfully demonstrate hybrid potential with Hyperledger Fabric permissioned platform and the Casper Blockchain
DUBLIN & NEW YORK--(BUSINESS WIRE)--CasperLabs, a leading blockchain software company for the enterprise market, today announced its membership in the Hyperledger Foundation, the open, global ecosystem for enterprise blockchain technologies. CasperLabs is committed to de-risking adoption of the Casper Blockchain technology within enterprises by offering flexibility. The company believes Interoperability between blockchains is key for greater adoption of the technology and is contributing to the open source community to grow 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 & CEO, CasperLabs. “The Casper community will be able to generate 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, so that new applications leveraging hybrid solutions can be developed.”
“Interoperability is a critical requirement for widespread deployment of blockchain-based solutions,” said Daniela Barbosa, Executive Director, 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 multichain ecosystem for years. As a member of Hyperledger Foundation, CasperLabs will help accelerate that work by contributing valuable expertise and resources focused on unlocking new hybrid blockchain applications.”
CasperLabs has recently partnered with IBM to show firsthand the potential of a hybrid blockchain. The two companies demonstrated the first atomic cross-chain swap of fungible and non-fungible tokens between an instance of a Hyperledger Fabric permissioned network and the Casper Blockchain using Hyperledger project weaver. This resulted in the enhanced security of a consortium network running Hyperledger Fabric with the public verifiability and open market access enabled by Casper public blockchain capabilities.
“Hyperledger Fabric is a permissioned platform and can benefit through interoperability with the cutting-edge Casper permissionless network,” said Medha Parlikar, co-founder & CTO, CasperLabs. “Casper can leverage the familiarity that enterprises have with Hyperledger technology for de-risking their transition to permissionless networks and bring assets locked on the private ledger to the public chain. We’re proud to join Hyperledger Foundation to develop real-use cases for hybrid blockchains that will benefit enterprises now and into the future.”
“Monetizing enterprise digital assets is the key to scaling enterprise blockchain adoption. Interoperability between permissioned and public chains can lead to great ecosystem reach and better access to liquidity while preserving the privacy and control over their enterprise assets,” said Shyam Nagarajan, Executive Partner, Web 3.0 and Sustainability at IBM. “IBM is committed to building hybrid networks leveraging the strengths of permissioned and public chains to help enterprises launch new business models.”
For more information on CasperLabs, visit www.casperlabs.io.
About CasperLabs
CasperLabs, a leading blockchain software company for the enterprise market, is re-imagining blockchain for enterprise with a future proof solution. The company also provides development, support and advisory services for organizations building on the Casper network. Guided by open-source principles, CasperLabs is committed to supporting the next wave of blockchain adoption among businesses and providing developers with a reliable and secure framework to build private, public and hybrid blockchain applications. Its team possesses deep enterprise technology experience with a cumulative 100 years of enterprise experience, hailing from organizations including Google, Adobe, AWS, Dropbox and Microsoft. To learn more, visit www.casperlabs.io.
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