IOTA Integrates Tangle into Hyperledger Fabric for More Capabilities
In an effort to make it possible for the permissioned Hyperledger Fabric blockchain network to support more permissionless features, including fee-less payments, the IOTA team has announced the integration of IOTA Tangle into Hyperledger Fabric, according to a blog post on November 26, 2019.
Tangle Blends into Hyperledger
While the Hyperledger team has largely focused on how its permissioned distributed ledger technology (DLT) based solutions can make life easier for enterprises, IOTA has now integrated its own technology into the existing Hyperledger infrastructure to give it permissionless capabilities.
As stated in its blog post, the IOTA team has been working on an internal Hyperledger Bridge since it joined the Linux Foundation, in a bid to accelerate the “mutual growth and value” that both permissioned and permissionless systems can offer users.
The team says the Hyperledger Bridge is now live and it has decided to open source it to make it accessible to interested users.
IOTA said:
“The Hyperledger Bridge is designed to enable direct integrations of both Hyperledger Fabric and IOTA capabilities together by working as an IOTA Connector. This way, it allows the IOTA Tangle to act as the connective tissue between permissioned Hyperledger Fabric-based systems, and allows for more frictionless data sharing and validation with siloed permissioned systems.”
Bringing More Functionalities to Hyperledger
At a time when the Hyperledger Fabric blockchain platform is increasingly being adopted by businesses for more efficient supply chain management, the IOTA team says the integration of the Tangle into the former will enable it to support a vast array of essential features including fee-less payments, encrypted transaction payload, and public/private message chains.
What’s more, the IOTA team has hinted that it’s looking to create the Hyperledger Fabric DLT, which will support smart contracts that can be used to send requests to Tangle via dedicated software.
Users will also be able to store or update the results of the Hyperledger Fabric smart contract execution from Tangle and send payments to IOTA Wallets.
“It is also possible to read data from the Tangle and trigger Hyperledger Fabric smart contract execution based on the fetched transaction data or payment confirmation,” the team added.
While the price of IOTA (MIOTA) has crashed to $0.20, relegating the token to the 20th position on the CoinMarketCap top 100 cryptos table, IOTA adoption has steadily been on the rise.
Earlier in September, a German engineering firm, EDAG and d-fine conducted a proof-of-concept (POC) for an IOTA-powered smart parking system.
More recently, on November 25, 2019, BTCManager informed that Unity video game engine now supports IOTA (MIOTA) payments.
