Hyperledger Project Gains Support from Intel for New Transact Blockchain Project
- Intel has gotten involved with multiple blockchain endeavors, specifically involving Hyperledger Fabric.
- The project is called Transact, and it provides a universal platform for programmers to work on the blockchain.
Blockchain technology is clearly gaining momentum, providing support in many different industries. With such an innovative technology, it should come as no surprise that Intel, one of the leading companies in computer hardware production, wants to get involved.
In a new report from Forbes on July 3rd, Intel is co-sponsoring a Hyperledger project that was only recently released last month in an effort to simplify blockchain programming. Michael J. Reed, the blockchain program director for Intel, said during an interview:
“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, [CPUs/processors].” He added, “We’re trying to embrace the industry overall.”
Intel has multiple ways that it supports the blockchain projects in the industry, like involving themselves with the developers and the creation of the open-source software. Reed added:
“We’ll also work to find requirements or standards for blockchain developers, in […] consortiums like the Enterprise Ethereum Alliance and Hyperledger.”
As far as the recent work that Intel has been involved in, Reed called attention to an announcement last month with Hyperledger called Transact. Transact was created with the intention of helping programmers work on blockchains in a more universal way, while also maintaining better compatibility.
Reed explained that this project offers a way for blockchain to be programmed on an even playing field, adding
“They call it an extensible transaction layer, so today, if I were to go program a blockchain, I need to choose the environment that I’m going to program for.”
Transact steps in as a way to make the whole process extensively simpler. Reed noted that, which Transact, the coding from developers can work on any blockchain supporting it. The project was created from a co-sponsorship between Intel and IBM, approved by Hyperledger soon after.
In a blog post from Hyperledger, the platform stated that Intel’s work in the past has been a contributing factor to the development taken on. The code that this project started with was created between Bitwise IO and Cargill, and along with “substantial influence from Intel’s previous contributions to Hyperledger Sawtooth.”
In the open-source area of Intel, other developments included a “new solution” that the company is calling “trusted compute specification.” The project is a helpful way for programmers to be involved with off-chain resources. Explaining further, Reed said
“This would be VMs [virtual machines] that could give them more compute capability to execute their contracts faster. It could be data stores, like an ERP [enterprise resource planning] database that they want to get access to for a supply chain application or it could be sensors that they want to get access to for any number of reasons, perhaps to inform or trigger a blockchain contract.”
The majority of the work Intel has done with CPUs and processors, the company has predominantly focused on improving performance, collaborating with the developer community of IBM and Hyperledger Fabric.
Publishing findings in April, Reed stated that Hyperledger Fabric has improved performance by six times over, since it has been running on Intel silicon.