Hyperledger Foundation, a global open source collaboration of enterprise blockchain technologies, has commenced its largest annual event, the Hyperledger Global Forum 2022. Ahead the event on Monday, the Foundation announced the addition of eight newest members to its international community, namely: CasperLabs, Realto Group, BCW Group, Banque de France, Central Bank of Nigeria, Digital Identity Laboratory of Canada, International Association For Trusted Blockchain Applications (INATBA) and DSR Corporation. Daniel Barbosa, Executive Director at Hyperledger Foundation, and General Manager of Blockchain, Healthcare, and Identity at the Linux Foundation, shared that: “Hyperledger technologies are playing an outsized role in reshaping existing markets …

A recent report from the Ethereum Enterprise Alliance (EEA) highlights how the Ethereum ecosystem has matured to a point where the network can be used by businesses to solve real-world problems. From supply chain management use cases to payment solutions utilized by companies like Visa and PayPal, the report demonstrates how the Ethereum network has grown to become one of the most valued public blockchains. Although notable, the EEA report also points out that the rapid growth of the Ethereum ecosystem has created a number of challenges for companies, specifically regarding energy consumption, scalability and privacy. For example, the document …

Natural disasters in the United States are becoming more prevalent, resulting in increasing costs, a lack of transparency between state and government organizations, and a slew of other issues impacting relief systems. The Pew Research Center found that the Federal Emergency Management Agency’s (FEMA) public assistance program spent 23% more on natural disasters between 2010 and 2019 than it did from 2000 to 2009. Data from Climate.gov further shows that 2021 was the third-costliest year in history for natural disasters in the U.S., totaling over $145 billion in damages from 20 weather-related incidents. But as disasters become more common and …

For Daniela Barbosa — general manager of blockchain, healthcare and identity at the Linux Foundation and executive director of Hyperledger — digital currencies and cryptocurrencies have made it among the big banks at the World Economic Forum in Davos. In an interview with Cointelegraph shot against the backdrop of the Swiss Alps, Barbosa explained that in the few years she has attended the WEF, the presence of cryptocurrency companies has steadily grown. What's more, we should not be afraid of central bank digital currencies (CBDCs). “CBDCs are [a]natural evolution of digital dollars and digital currencies.” While the WEF saw calls …

Enterprise blockchain firm Hyperledger Foundation has announced the development and release of three roadmap projects: Cactus 1.0, FireFly 1.0 and a preview version of Iroha 2.0's long-term support (LTS). Operating under the umbrella of the Linux Foundation, Hyperledger supports an ecosystem of fourteen distributed ledgers. The deployment of the three technological tools is expected to assist consumers and businesses across areas of blockchain, Web3 and decentralized applications (DApps). We are pleased to announce these important development milestones for three projects; including Hyperledger Cactus 1.0, Hyperledger FireFly 1.0 and Hyperledger Iroha 2.0 LTS Congratulations to the project teams! Learn more and …

“Cryptocurrency is just one use case for blockchain,” Karen Ottoni, director of ecosystem at Hyperledger, told Cointelegraph in an interview during Paris Blockchain Week. The list of blockchain-applicable ideas is numerous and growing, including “supply chain and trade, finance and capital markets, tokenizing green bonds and tokenizing real estate.” Hyperledger Foundation's bread and butter is to support the development and deployment of its open-source enterprise-grade blockchain technologies for projects such as “managing food, fish, diamonds, minerals — the supply chain,” Ottoni told Cointelegraph. While Hyperledger works in every industry, its impact on climate change and climate action is what most …

For much of 2021, the Central Bank of Nigeria (CBN) has been in the headlines for its anti-cryptocurrency measures. Yet, the institution has this week redoubled its investment and research into crypto’s underlying technology, blockchain, and has set a clear date for the pilot scheme of its blockchain-powered central bank digital currency (CBDC). On Oct. 1, CBN will reportedly launch a pilot scheme for “GIANT,” a CBDC project in development since 2017 that runs on the open-source blockchain Hyperledger Fabric. Rakiya Mohammed, CBN’s information technology director, said the bank might conduct a proof-of-concept before the end of 2021. In a …

The global blockchain technology market size is projected to reach $72 billion in the next five years. In order to ensure this growth, however, blockchain solution providers must continue to advance and innovate. For example, public enterprise blockchain use has become an ongoing trend this year as companies like ConsenSys aim to drive adoption for open, permissionless networks. On the flip side, it’s important to point out that private blockchains are still being leveraged by enterprises and will continue to be utilized as innovation continues. Advancing open, permissioned blockchain networks Most recently, computing giant IBM announced that it has open-sourced …

Russian oil firm Gazprom Neft's aviation subsidiary, Gazpromneft-Aero, announced Monday that it has completed a successful pilot of its blockchain-based refueling project, Smart Fuel. The new platform was implemented for more than 100 scheduled flights of Russian budget airline Smartavia, operating at Murmansk's international airport. Alongside Smartavia, the pilot involved major banks VTB and Raiffeisenbank. Dmitry Makarov, head of the Smart Fuel project, told Cointelegraph that the blockchain-based trial in Murmansk ran from September 2020 to December 2020. Following the successful pilot, Gazpromneft-Aero will continue providing its refueling payment solution to Smartavia, Makarov said. Based on the major blockchain framework …

A little-known altcoin known as Metacoin (MTC) surged to 486% gains in just 24 hours on Jan. 18, after Bittrex Global announced it would be listing the coin against Bitcoin (BTC). Metacoin is built on the Hyperledger network, an umbrella project of open-source technologies focused around building permissioned blockchain ecosystems for large cross-industry enterprises. Metacoin became the first cryptocurrency of Hyperledger’s to achieve mainnet status when it went live in 2018. Hyperledger was founded by the Linux Foundation, and is overseen by a host of “premium members”, comprising leading technology and finance companies, such as IBM, J.P. Morgan, Fujitsu, Hitachi, …

The world’s largest producer of palladium and high-grade nickel, Norilsk Nickel, is pressing ahead with its digital technologies strategy. As of Jan. 18, Nornickel's Global Palladium Fund has launched exchange-traded commodities, or ETCs, for metals on the Deutsche Börse, which are custodied by TokenTrust AG and also make use of its distributed ledger platform, Atomyze. Nornickel's Global Palladium Fund intends to launch the ETCs on the London Stock Exchange "within a few days." An ETC, which is an instrument that is tradable like a stock or share, offers traders and investors exposure to an underlying commodity — in this case, …

"Mining" may be most frequently used in the crypto industry to refer to the process by which digital currencies are collectively generated — but there are contexts in which firms are adopting blockchain infrastructure to manage the most physical of mining supply chains. The Russian company Norilsk Nickel — the world’s largest producer of palladium and high-grade nickel and a large producer of platinum and copper — has joined an initiative called the Responsible Sourcing Blockchain Network, according to an announcement published on Jan. 14. The Responsible Sourcing Blockchain Network, or RSBN, is the outcome of an initiative by the …