News Technology Media Telecoms

Kaleido open sources consortium system for enterprise blockchains

consortium

Today, as part of the Hyperledger Global Forum, Kaleido has open sourced the multi-party system Firefly, which has been accepted as a Hyperledger Labs project. Separately Kaleido announced that it now supports Hyperledger Fabric as part of its solution offering, a combination of a Blockchain as a Service and building blocks to create blockchain applications.

So what is the Firefly multi-party system? When people think about blockchain apps, they tend to think about the blockchain protocol and the smart contracts on top of that. But getting a solution up and running for a consortium requires more than that. It needs a fair bit of plumbing.

When an enterprise uses a blockchain, they want to integrate the solution with their own backend systems. And the blockchain alone is not enough. They often want to send peer-to-peer messages, files or other data between one or more blockchain participants, which are confidential and not intended for the blockchain. 

Article continues …

subscriber padlock

Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.


Image Copyright: ilixe48 / BigStock Photo