Hyperledger Transact programming project now co-sponsored by Intel

04 Jul, 2019
by Colin Hawkins
Hyperledger Transact programming project now co-sponsored by Intel

Intel has co-sponsored a new blockchain project by Hyperledger, according to a report from Forbes, on July 3.

The co-sponsored project, known as Hyperledger Transact, is a new tool that will create a standard interface for blockchain networks in an effort to boost compatibility.

This programming project was released late June 27 and according to Intel’s blockchain program director, Michael Reed, the main purpose of Intel’s efforts in blockchain is to make sure that distributed ledger technology will run well on Intel’s CPUs/ processors known as Intel Silicon.

As quoted by Reed:

"Our main objective in our work with [the] blockchain sector is to ensure that this new workload, that is blockchain and the leading solutions in the blockchain sector, run well on Intel silicon. We're trying to embrace the industry overall."

Hyperledger Transact makes up of several companies of different industries, including IBM, Intel, the tech service firm Bitwise IO and the global food supplier Cargill.

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