Monax Contributes Blockchain Code To Hyperledger Project

OddsShark Staff
Connecticut-based blockchain developers Monax have been officially incorporated into the Hyperledger codebase, the first codex of its kind to contribute to the project. Their ‘Burrow’ protocol has been accepted into the incubation phase of development, after being approved by the project’s technical steering committee. The development means Monax becomes the latest contributor to the open-source Hyperledger project, which is aiming to establish standardized infrastructure for blockchain technology. Hyperledger already benefits from the combined experience of over 100 contributors, as well as a

Connecticut-based blockchain developers Monax have been officially incorporated into the Hyperledger codebase, the first codex of its kind to contribute to the project.

Their ‘Burrow’ protocol has been accepted into the incubation phase of development, after being approved by the project’s technical steering committee.

The development means Monax becomes the latest contributor to the open-source Hyperledger project, which is aiming to establish standardized infrastructure for blockchain technology.

Hyperledger already benefits from the combined experience of over 100 contributors, as well as a number of other example blockchain implementations, including from the likes of JP Morgan, Intel and tech giants IBM.

The Burrow coding framework will now be added to the open-source resource, opening the door to development contributions and additions from the diverse community of contributors.

Preston Byrne, chief operating officer of Monax, said that the development had both short- and long-term benefits for the project, and would enable greater collaboration between Hyperledger contributors.

"In the short term, the biggest change will be the ability for members to contribute toward hardening of Burrow's EVM implementation in order to support production-grade ecosystem applications... In the medium term, we will be working with other Hyperledger projects to ensure that Burrow runs well in combination with various blockchain bases such as Sawtooth Lake and Fabric.

"We look forward to seeing Burrow help reduce the friction in building sophisticated smart contract-based ecosystem applications. We also look forward to the Hyperledger community's expertise being leveraged to harden and improve Burrow's EVM and secure native features.”

The Hyperledger project, pioneered by the team behind Linux, publishes code on its own dedicated GitHub page, allowing for crowd-sourced development efforts.

Burrow works by lubricating smart contract transactions, allowing for standardization of language and broader compatibility across different ethereum applications.

Smart contracts are thought to be one of the most significant applications for blockchain technology in practice, with the potential to reduce complexity, cost and transactional risk across a huge range of industries and sectors.