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Constellation Joins Hyperledger

September 26, 2018

SAN FRANCISCO--(BUSINESS WIRE)--Sep 26, 2018--Constellation Labs (Constellation) is excited to announce it is now a member of Hyperledger. Hyperledger, hosted under The Linux Foundation, was created as an open source collaboration with the aim to advance blockchain technologies across a variety of industries, and includes over 270 members to date. With the addition of Constellation, the multi-project, multi-stakeholder effort now includes over 10 business blockchain and distributed ledger technologies. Contributions of code as well as development from the community have enabled the rapid advancement of frameworks, which have been reflected in milestones such as the recent release of Hyperledger Fabric 1.2. Constellation plans to contribute their open source and cross chain approach to usher in real world use cases for consumers and businesses.

Quotes:

“Hyperledger and The Linux Foundation as a whole, share our commitment to the open source community’s role in making distributed ledger technology widely accessible,” said Wyatt Meldman-Floch, Constellation CTO. “Constellation’s intention is to provide a scalable consensus layer specifically tailored for integration with existing applications and frameworks. It is a tremendous honor and opportunity to begin exploring projects with the Hyperledger community in order to contribute to the project.”

“A new wave of economic opportunity and value is approaching. The Linux Foundation and Hyperledger are on the cutting edge of distributed ledger technology and importantly they’re steering the discourse and research in the right directions,” said Ben Jorgensen, Constellation COO. “As a DAG protocol, we look forward to exploring and contributing to the community with the intentions of deploying technology, which will revolutionize business and consumer experiences.”

“The Hyperledger community is on the front lines of putting blockchain into production in the enterprise,” said Brian Behlendorf, Executive Director, Hyperledger. “Adding Constellation to our community highlights our continued desire to scale and increase adoption of blockchain across various industries. We look forward to their engagement and contributions.”

About Constellation Labs

Constellation is a consumer and enterprise grade distributed ledger technology that enables the world’s smart devices and machines to seamlessly interact and transact. The network aggregates the resources and bandwidth of internet connected devices, securing transactions and ensuring high throughput through a dynamically partitioned DAG (directed acyclic graph) architecture. Each interaction or transaction is verified through a unique consensus model. Transactions flow through the network allowing it to remain stable without every node having to individually verify before the next rounds of consensus is performed. This method incorporates a node’s historical participation into delegate selection, observation from local nodes, and rewards benevolent behavior. The Constellation network is underpinned by an incentivized community portal called ORION.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180926005246/en/

CONTACT: SutherlandGold Group for Constellation

John Bruno, 415-275-6227

constellation@sutherlandgold.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: TECHNOLOGY INTERNET NETWORKS SOFTWARE MOBILE/WIRELESS

SOURCE: Constellation Labs

Copyright Business Wire 2018.

PUB: 09/26/2018 08:00 AM/DISC: 09/26/2018 08:01 AM

http://www.businesswire.com/news/home/20180926005246/en

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