Ethereum Poised to Be the First Public Blockchain Network on the Hyperledger Consortium

The Pantheon project basically aims to provide a number of Ethereum-based services built by ConsenSys’ strong engineering team called PegaSys.

Ethereum is all set to join the open-source Hyperledger consortium. It would be the first public blockchain network joining Hyperledger as the latter’s technical steering committee approves a proposal for adopting the ConsenSys-backed Pantheon project.

The Pantheon project basically aims to provide a number of Ethereum-based services built by ConsenSys’ strong engineering team called PegaSys. The Pantheon project sent its proposal to the Hyperledger mailing list earlier this month on August 8. Thus, if the proposal is accepted by Hyperledger, Pantheon will get renamed as Hyperledger Besu. This would be similar to other blockchain projects like the Hyperledger Sawtooth by Intel and the Hyperledger Fabric by IBM.

Built using the Javascript, the Pantheon Ethereum client develops enterprise-grade applications along with features like permissioning and privacy.

As noted earlier, Pantheon will be the first ‘public’ blockchain project to be working under the Hyperledger consortium. As a result, the Pantheon code shall be easily available on the GitHub page and open to all developers for their contribution in the project.

Besides running on the Ethereum blockchain network, Pantheon also runs on private networks and test networks such as Rinkeby, Ropsten and Görli.

Hyperledger and Ethereum Enterprise Alliance

HyperLedger’s association with Ethereum is nothing new. Last year in October 2018, Hyperledger collaborated with the Enterprise Ethereum Alliance to establish some common standards for the blockchain space. Since the blockchain industry remains scattered on date, the project aims at arriving at a common standard that can serve several industry participants.

Speaking to CoinDesk, EEA executive director Ron Resnick said:

“The enterprises of the world are going to want to purchase solutions where they have a choice of multiple vendors.”

The Hyperledger consortium was first created by the Linux Foundation with the purpose of open-source blockchain development. Similarly, the EEA is a 500-member standards organization that build private business applications over the Ethereum blockchain network.

The two organizations believe that the alliance between the two  “will enable Hyperledger developers to write code that conforms to the EEA specification and certify them through EEA certification testing programs”.

“It’s a two-way street. There’s not a lot of groups effectively doing standards in the blockchain space today and EEA has a head start there. What can we contribute to that momentum?” said Brian Behlendorf, Hyperledger’s executive director.

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