IOVlabs Joins the Hyperledger Initiative
We are pleased to announce that IOV Labs has joined Hyperledger, an open source blockchain effort hosted by the Linux Foundation. As part of our efforts to advance business blockchain adoption through global open source collaboration, Hyperledger is a perfect fit to our business model as IOV’s ethos is closely aligned with Linux value proposition.
RSK & RIF have been constantly working on multiple use cases such as financial inclusion through blockchain technology, self sovereign identities, blockchain for social impact with a vast array of projects that we endorse and help in many different ways. We expect to help accelerate blockchain adoption in collaboration with the Linux foundation and Hyperledger by enabling more companies and the enterprise sector in general to start experimenting with blockchain technology.
As we continue to make contributions to interoperability and security through the token bridge and syncchain developments, we expect our efforts will help remove some of the bottlenecks of the industry.
As blockchain technology removes the need for middlemen in many processes for fields such as payments, financial inclusion is growing in emerging markets facilitating faster transactions by allowing P2P cross-border transfers with a digital currency.
IOVlabs, through its platforms RSK Smart Contracts & RSK Infrastructure Framework (RIF), is implementing projects of sovereign identity and payments in communities that lack access to financial systems. Our objective through engaging with The Linux Foundation and Hyperledger is to foster collaboration exploring best practices, so that we can jointly find ways to tackle the obstacles that have been preventing blockchain mass adoption in particular in the government and enterprise sectors.
IOVlabs is through this collaboration developing enterprise and government solutions leveraging Hyperledger Besu in order to expand its offerings to these industries.
Our membership in the Linux Foundation and Hyperledger will help accelerate adoption of open blockchain standards with a suite of tools and solutions aimed to create and protect growth and plant the seed for new, more inclusive and more fair systems that enable financial freedom, transparency and trust.
