News ConsenSys joins Hyperledger to help build enterprise blockchains

ConsenSys joins Hyperledger to help build enterprise blockchains

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Ethereum-focused development firm ConsenSys has joined Hyperledger as a premium member. Hyperledger—run by the Linux Foundation—is an open-source project focused on open-source technologies, particularly around enterprise blockchains.

Joe Lubin, founder of ConsenSys (which funds Decrypt), will join Hyperledger’s governing board as its 22nd member.

Additionally, PegaSys, the protocol engineering team at ConsenSys, will submit its Ethereum client—a version of Ethereum—to Hyperledger. The client will be renamed from Pantheon to Hyperledger Besu, and will be the 15th project in the Hyperledger catchment.

Hyperledger Besu will be the first project submitted to Hyperledger that is able to work with public blockchains—as well as private ones. It is targeted at enterprise clients who are looking to use both private and public blockchains.

“PegaSys and ConsenSys have been committed to open source software and submitting Hyperledger Besu to Hyperledger demonstrates that commitment,” said Lubin.

By joining Hyperledger, ConsenSys will help to form standards for enterprise-grade blockchains to create consistency across the industry. It will also encourage interoperability—the ability for blockchains to connect to one another—to bring the sector together, and making it more intertwined. It will now have access to Hyperledger’s global community.

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