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Cryptocurrency News Articles
Charles Hoskinson Highlights Apps That Will Benefit From HyperLedger Identus
Oct 04, 2024 at 05:43 pm
Cardano's Charles Hoskinson has weighed in on the tech shift from Prism to HyperLedger Identus. This major tech shift took place in the ecosystem about ten months ago.
Cardano's Charles Hoskinson has shared his thoughts on the ecosystem's tech shift from Prism to HyperLedger Identus, a major change that occurred about ten months ago.
The transition brought new decentralized solutions to the forefront, and Hoskinson describes HyperLedger Identus as an Apache2 open-source framework for identity applications.
Delving Deeper Into The HyperLedger Identus Framework
The HyperLedger Identus protocol is designed to integrate decentralized identity solutions into supported applications seamlessly. One of its key offerings is extensive Self-Sovereign Identity (SSI) support. SSI is built on the World Wide Web Consortium (W3C) Decentralized Identity specification, which includes a Decentralized Identifier (DID) and verifiable credential functionality.
As documented, HyperLedger Identus simplifies the complexities of adopting a decentralized identity solution into existing and new workflows. This ease of integration is a crucial factor that could drive global adoption of Identus.
The HyperLedger Foundation describes Identus as a powerful tool for companies that want to stay ahead in the game. Identus is written in the Scala programming language, but thanks to the platform's OpenAPI interface, application development is possible in any programming language.
It provides developers with guaranteed easy customization and scalability, all thanks to its modular architecture and interchangeable components.
Hoskinson's Perspective On Apps That Will Benefit From HyperLedger Identus
In his X post, the Cardano exec shared how the Input Output (IO) Engineering team manages community contributions. He also pointed out that Cardano products like Midnight, Lace, and even X will be using the new tech for their identity needs.
“This is a common practice in the open core world and how SSI should work. Identity should not be the product. That makes you the product. Identity should improve the experience of other products,” Hoskinson explained.
Speaking of Midnight, the Cardano Midnight testnet went live on testnet a few days back. The protocol is based on the premise that developers must protect sensitive data to deliver usable Decentralized Applications (dApps).
It merges privacy with regulatory compliance on the Cardano network. Once the Midnight Protocol makes it to the mainnet, HyperLedger Identus would play a crucial role in helping it uphold users' privacy.
Back in July, Hoskinson even proposed using DID tech from W3C to help Tesla boss Elon Musk combat scams on X. Even Seira Yun, the Founder and CEO of Socious, backed the technology, confirming that it helps issue verifiable credentials.
More Updates From The Cardano Ecosystem
Recently, the Cardano ecosystem celebrated its seventh anniversary. With excitement, Hoskinson recounted some major achievements of the blockchain. Cardano has carried out over 95.6 million transactions and onboarded over 1,000 projects. Its delegated wallets have exceeded 1.33 million, and the platform has funded over 1,800 ideas to expand innovation.
Cardano's growth trajectory has shifted from staking to decentralization and from native tokens to multi-asset functionality. Byron, Shelly, Goguen, Basho, and Voltaire are some of the top upgrades the ecosystem has seen in these seven years.
Community members celebrated achieving full decentralization as the biggest update. This is due to the Chang hard fork launching on September 1, signaling the first batch of decentralized governance features from CIP-1694.
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