Monax brings Ethereum technology to the Hyperledger Project

  • Monax has joined the Hyperledger Project as a general member and in doing so managed to bring Ethereum technology into the project.
  • Trending: IBT Media to host AI and Data Science in Capital Markets event

    Joining firms like IBM and Intel, Monax is re-licensing its blockchain client, which includes a built-to-specification Ethereum Virtual Machine (EVM), to Apache 2.0 and proposing it to Hyperledger Technical Steering Committee (TSC) for incubation.

  • Monax is the first company among Hyperledger’s 100+ members able to bring a custom implementation of cutting-edge Ethereum blockchain technology to the project.
  • “Although a lot of big names have joined Hyperledger, cutting-edge startups like Monax have a great deal to contribute as well, both in terms of code and new ideas.
  • Most popular: LSEG says Deutsche Boerse merger ‘unlikely’ to get clearance from EC

    Monax’s smart contracts implementation extends the classic Ricardian Contract triple of legal prose, parameters and computer code, with an approach known as “dual integration”.

Monax, the enterprise blockchain and smart contracts company, has succeeded where others failed. Monax has joined the Hyperledger Project as a general member and in doing so managed to bring Ethereum technology into the project. A concerted effort last year to bring the Ethereum C++ client within the

@BenjaminMatten: Monax brings Ethereum technology to the Hyperledger Project via @YahooFinanceUK

Monax, the enterprise blockchain and smart contracts company, has succeeded where others failed. Monax has joined the Hyperledger Project as a general member and in doing so managed to bring Ethereum technology into the project.

A concerted effort last year to bring the Ethereum C++ client within the auspices of the Hyperledger Project ultimately failed because not everyone was happy to re-license under the Apache 2.0 licence.

Joining firms like IBM and Intel, Monax is re-licensing its blockchain client, which includes a built-to-specification Ethereum Virtual Machine (EVM), to Apache 2.0 and proposing it to Hyperledger Technical Steering Committee (TSC) for incubation. Monax is the first company among Hyperledger’s 100+ members able to bring a custom implementation of cutting-edge Ethereum blockchain technology to the project.

Casey Kuhlman, chief executive officer of Monax, said: “We’re very pleased to be joining Hyperledger and submitting our client for consideration by the TSC. From our perspective joining has many merits. Our users will benefit greatly from the confidence of Hyperledger’s strong community and code governance frameworks. If our code proposal is accepted, Hyperledger will gain a blockchain client that includes an EVM. And we get to build new relationships with the outstanding people and firms of this consortium who are doing the hard work to advance smart contract technology to production-readiness and change the world.”

Don’t miss: Asian stock markets decline as investors await Trump’s speech

“We’re very happy to welcome Monax aboard,” said Brian Behlendorf, executive director, Hyperledger. “Although a lot of big names have joined Hyperledger, cutting-edge startups like Monax have a great deal to contribute as well, both in terms of code and new ideas.

“We’re especially excited at the prospect of bringing more Ethereum-related technology into the Hyperledger community, complementing the existing portfolio of projects. Monax’s proposal and code makes this possible, and we are looking forward to working with them and the new participants this effort will attract.”

Most popular: LSEG says Deutsche Boerse merger ‘unlikely’ to get clearance from EC

Monax’s smart contracts implementation extends the classic Ricardian Contract triple of legal prose, parameters and computer code, with an approach known as “dual integration”. It allows you to effectively create a penultimate version of your smart legal agreement, then instantiate the corresponding smart contract on a distributed ledger.

Before running it, you take an identifier for that instantiated smart contract and insert it back into your smart legal agreement to create the final version of your smart legal agreement – and ultimately create your finalised smart contract.

You may be interested in:

Quotes are real-time for NASDAQ, NYSE, and NYSEAmex when available. See also delay times for other exchanges. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. All information provided “as is” for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.

Fundamental company data provided by Capital IQ. Historical chart data and daily updates provided by Commodity Systems, Inc. (CSI). International historical chart data and daily updates provided by Morningstar, Inc.

Monax brings Ethereum technology to the Hyperledger Project