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The Cardano developer company will join the Hyperledger project and W3C

May 21, 2020

IOHK, the Cardano Development Company (ADA), will join the Hyperledger project and W3C.

The founder and CEO of Cardano and co-founder of IOHK, Charles Hoskison recently confirmed in an interview with Cointelegraph that the company will join the two organizations.

Helps with the tender

Hoskinson believes that IOHK will benefit from their shared knowledge. He also believes that the association will give him an advantage in the tender:

“We want to start by consolidating some of our corporate book ideas and getting them there, ‘A’ because there is a lot of knowledge in this circle. And ‘B’ helps us to advertise. somewhat more familiar with Hyperledger. “

The Cardano developer company will join the Hyperledger project and W3C
The Cardano developer company will join the Hyperledger project and W3C

Hyperledger is a roof for various business-oriented blockchain protocols that was founded by the Linux Foundation. The World Wide Web Consortium, or W3C, is an international community working on the development of web standards.

The Cardano corporate version is part of the IOHK offering

The IOHK contract with the Cardano Foundation expires at the end of the year when the company presents its proposal to extend the contract to the community.. An essential part of this proposal will be the roadmap for creating a business version of Cardano:

“One of the things we’re going to investigate is creating a business version of Cardano … and we’ll make a suggestion later in the year when we propose to the community to extend the Cardano IOHK contract for the next five years . And there will surely be. ” a business component in this renovation. And we would like to pursue this strategy through the Linux Foundation hydrological group. “

Hoskinson also emphasized that Cardano’s design allows for easy switching between an unlicensed and an allowed mode:

“The way we designed Catano made it very easy to switch between a mode without permission and a mode with permission.”

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