Hyperledger, the Linux Foundation’s open business blockchain consortium, has announced the launch of the first production-ready version of Hyperledger Iroha, a general purpose permissioned blockchain system designed with a focus on simplicity and mobile-oriented business use cases in finance and identity management.
Hyperledger Iroha is the fourth active Hyperledger project to reach 1.0 following Hyperledger Fabric, Hyperledger Sawtooth and Hyperledger Indy. Hyperledger said the release will complement the organization’s projects by providing an alternative solution for implementing blockchain networks to mobile devices.
“It’s extremely gratifying to see another one of Hyperledger’s active projects hit the 1.0 milestone,” said Brian Behlendorf, executive director of Hyperledger.
According to Makoto Takemiya, a Hyperledger Iroha contributor and the CEO and co-founder of Japanese blockchain company Soramitsu, it takes just ten minutes to begin building a blockchain with Hyperledger Iroha.
“When it comes to solutions for business, it is critical that the technology is fit for the task and easy to integrate. Moreover, it must be reliable and safe so a business can trust it,” Takemiya wrote in a blog post.
Hyperledger Iroha has already gained traction with the community and enterprises, Takemiya said. The Moscow Exchange Group’s National Settlement Depository is using Hyperledger Iroha in D3 Ledger, an interoperable blockchain network enabling financial institutions from different markets to issue, store, trade, and exchange digital assets. The platform is also being used in asset management, identity management, and payment systems.
Key features of Hyperledger Iroha 1.0 include its Byzantine fault tolerant consensus algorithm, called YAC, that is high-performance and allows for finality of transactions with low latency, as well as fully operational multisignature transactions.
Hyperledger Iroha was contributed by Soramitsu, Hitachi, NTT Data and Colu.