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Cardano Development Company to Join Hyperledger Project & W3C

05/20/2020

Cardano development company will be joining the Hyperledger Project and W3C focusing on the enterprise use cases as part of its bid for the next five years.

IOHK, the company charged with the development of Cardano (ADA) will be joining the Hyperledger Project and W3C.

Cardano founder and CEO and co-founder of IOHK, Charles Hoskison, in a recent Cointelegraph interview, confirmed that the company will be joining the two organizations.

Will help with bidding process

Hoskinson believes that IOHK will benefit from their shared knowledge. He also feels that the partnership will give it an edge in the bidding process:

“We would like to start consolidating some of our enterprise ledger ideas and bring it there, “A”,  because there’s just a lot of knowledge in that circle. And “B”, it helps us with the bidding process. When we’re deploying a permissioned system, government procurement and corporate procurements, a little bit more familiar with Hyperledger.”

Hyperledger is an umbrella for various enterprise-focused blockchain protocols, founded by the Linux Foundation. The World Wide Web Consortium, or W3C, is an international community that works on the development of Web standards.

Enterprise version of Cardano part of IOHK’s bid

IOHK’s contract with the Cardano Foundation is expiring at the end of the year, when the company will present its proposal for the contract renewal to the community. An integral part of this proposal will be the roadmap for creating an enterprise version of Cardano:

“One of the things that we will explore is how do we create an enterprise version of Cardano? And we’ll make a proposal for that at the end of the year when we’re proposing to the community IOHK contract renewal for the next five years for Cardano. And there’s going to be certainly an enterprise component to that renewal. And we’d love to pursue that strategy through the hydrologic group at the Linux Foundation.”

Hoskinson also emphasized that Cardano’s design allows for an easy switch between a permissionless mode and a permissioned one:

“The way that we design Catano, we made it very easy to switch between a permissionless and a permissioned mode.”

There has recently been a trend in the growth of various blockchain alliances and associations led by Libra and Celo.