By Elizabeth O’Dowd October 18, 2017
Hyperledger’s latest project, Hyperledger Quilt builds on its network of frameworks, supporting the potential future of healthcare blockchain.
Hyperledger announced its latest project, Hyperledger Quilt, offering another potential framework for organizations to develop their healthcare blockchain solution.
Quilt is an implementation of the Interledger protocol (ILP), which makes transactions across ledgers. ILP is primarily a payment protocol and routs shared data across different digital ledgers. It also isolates senders and receivers, protecting them from centralized transaction failure.
The new project is being developed in the open source community, transfering value to both distributed and non-distributed ledgers. It is designed to widely identify accounts and simultaneously complete transactions from all parties involved.
More at: New Hyperledger Project Fuels Healthcare Blockchain Development – HIT Infrastructure
By Linda Hardesty October 16, 2017
The Linux Foundation’s open source Hyperledger Project, which works on blockchain technologies, added a sixth sub project — this one dubbed Quilt.
Hyperledger Quilt started around 18 months ago and is an implementation of the Interledger Protocol (ILP), which helps facilitate transactions across ledgers.
ILP eases the pain of making and receiving payments when the sender and recipient live in different countries or have accounts on different networks. According to the ILP website, the protocol provides for routing payments across different digital asset ledgers. With ILP, money and other forms of value can be packetized, routed, and delivered over different payment networks and ledgers.
Hyperledger Quilt is an enterprise grade implementation of ILP. It’s developed in Java.
More at: Hyperledger Stitches in Another Blockchain Project – sdx central
By John Patrick Mullin October 4, 2017
Oracle Corporation opened its annual conference ‘Oracle Openworld’ with a bang, as it announced its new Blockchain service. Yesterday, the SaaS giant joined the likes SAP to compete directly in Blockchain cloud services. Its new Blockchain cloud service aims to give enterprise customers who want to get involved with the Blockchain a fully managed approach.
According to Amit Zavery, senior vice president at Oracle Cloud,
“There are not a lot of production-ready capabilities around Blockchain for the enterprise. There [hasn’t been] a fully end-to-end, distributed and secure Blockchain as a service.”
More at: Oracle Joins the Blockchain Craze, Uses Hyperledger Fabric – The Cointelegraph
Royal Bank of Canada (RBC), the largest bank in the country, is trialling blockchain technology for fund transfers to and from the U.S.
Built using open-source tech from the Hyperledger consortium, the new system was deployed about a week ago as an underlying layer to RBC’s existing payments system.
Martin Wildberger, RBC’s executive vice president, told Reuters that what he called the “shadow ledger” allows the bank to monitor payments in real time as they pass between U.S. and Canadian banks, with the further benefits of simplifying transactions and lowering costs.
The trial, which was developed over the past six months at the RBC blockchain development lab in Toronto, allows the bank to explore the potential of the tech without fully replacing the existing system.
Wildberger told the news source:
“We wanted to set it up as a shadow ledger so that we can demonstrate our leadership in exploiting that technology while at the same time recognizing that the technology is still early in its adoption phase.”
More at: Canada’s Biggest Bank Tests Blockchain for Cross-Border Payments – CoinDesk
Hyperledger blockchain project continues to add new members to its cohort, growing to over 160 members.
The open source collaborative effort aims to advance cross-industry blockchain technologies. Hyperledger has added 10 new organisations as general members, including AMIHAN, ChongQin Xichain Technologies, DLT Labs, GameCredits, Gibraltar Stock Exchange (GSX), Medicalchain, and ScanTrust.
“The immense growth we’ve seen this year signifies an acceptance and understanding of Hyperledger blockchain solutions for business,” said Brian Behlendorf, Executive Director, Hyperledger. “These new diverse members have agreed to contribute their leadership and energy to the Hyperledger community. We thank them for their support and validation as we drive towards more PoCs, pilots and production uses cases of Hyperledger technologies in the enterprise.”
This follows the addition of a number of Associate members earlier this month, including Mercy Corps, Taiwan Fintech Association, and Zhejiang University.
More at: Hyperledger blockchain project adds 10 new members – EconoTimes
DUBLIN–(Business Wire)–Accenture (NYSE: ACN) and Hyperledger, a collaborative cross-industry effort hosted by The Linux Foundation to advance blockchain technology, have teamed to host the inaugural “Blockchain for Good Hackathon” taking place at The Dock, Accenture’s multidisciplinary research and incubation hub, on Saturday, Sept. 30 and Sunday, Oct. 1. The two organizations are inviting developers across Ireland to help apply blockchain technology to develop game changing ideas and solutions for providing secure digital identities and sustainable, eco-friendly supply chains.
The grand prize winning team will receive an 8,500 EUR cash prize and a two-day all expenses paid trip to visit Accenture’s Blockchain Center of Excellence in the South of France to develop their hack into a proof of concept. Blockchain is a new type of database system that enables multiple parties to share access to the same data with an extremely high level of confidence and security.
“Blockchain technology is on course to revolutionize how the world exchanges value, information and material,” said David Treat, event co-host and managing director in Accenture’s global blockchain practice. “This hackathon is geared to channel these innovations for humanitarian and environmental benefit, beginning with the right to identity and the need for environmentally sustainable supply chains. And we’re calling on the many talented engineers in this region to help.”
More at: Accenture and Hyperledger Host ‘Blockchain for Good Hackathon’ in Dublin, Inviting Coders to Help Develop Solutions for Digital Identities and Eco-friendly Supply Chains – Press Release – Digital Journal
US-based healthcare IT firm Change Healthcare is developing a blockchain solution for enterprise-scale use in healthcare. The solution will enable payers and providers to boost revenue cycle efficiency, improve real-time analytics, cut costs, and create innovative new services.
Change Healthcare is a provider of revenue and payment cycle management and clinical information exchange solutions, connecting payers, providers, and patients in the US healthcare system.
Change Healthcare CEO Neil de Crescenzo said the company is collaborating with customers and organizations such as the Linux Foundation’s Hyperledger project to make the benefits of blockchain technology broadly available and develop additional, advanced use cases.
“We are excited to work alongside our customers and partners to make blockchain real in healthcare,” said de Crescenzo. “As today’s healthcare system becomes more value-based, it’s essential that we aggressively and pervasively introduce new technologies into healthcare at scale—whether they leverage blockchain, artificial intelligence, or other emerging capabilities with the potential to improve outcomes and efficiencies. We are initially introducing blockchain technology to create a distributed ledger that makes claims processing and secure payment transactions work more efficiently and cost effectively for all healthcare stakeholders.”
The company will employ Hyperledger Fabric 1.0, an open source blockchain framework and one of the Hyperledger projects hosted by the Linux Foundation, as its foundation for blockchain application design and development. Change Healthcare is a premier member of the Hyperledger governing board, and will be contributing code innovations back to the open source community to improve blockchain applications for the US and global healthcare industry.
More at: Change Healthcare Adopts Linux Hyperledger Fabric – BlockTribune