Fujitsu and Accenture press ahead with project for integration between multiple blockchains

Maria Nikolova

Fujitsu’s collaborative endeavor with Accenture gets officially approved as project “Hyperledger Cactus” by Hyperledger.

Fujitsu Laboratories Ltd. and Fujitsu Laboratories of America Inc. (FLA) today announce that their collaborative effort with Accenture was officially approved as project “Hyperledger Cactus” by Hyperledger, an open source collaborative effort created to advance cross-industry blockchain technologies hosted by the Linux Foundation.

Fujitsu and Accenture had submitted a proposal to the community for the development of an open source software (OSS) project for secure and reliable integration between multiple blockchains. Together with Accenture, Fujitsu Laboratories and FLA will utilize the Fujitsu Laboratories’ proprietary security technology ConnectionChain to develop an infrastructure software that enables the easy development of integrated services in which multiple different blockchains work together. The companies have open sourced the software for Hyperledger Cactus.

Brian Behlendorf, executive director of Hyperledger, explains:

“There is strong community interest in facilitating the flow of information and transactions across disparate blockchains, and Hyperledger Cactus is tackling that challenge. Now that Hyperledger Cactus is a full Hyperledger project, there will be an even bigger pool of resources and contributors driving this project forward with the aim of delivering market-ready blockchain integration technologies.”

Under the new project Hyperledger Cactus, Fujitsu Laboratories and FLA will integrate the ConnectionChain technology with Accenture’s Blockchain Integration Framework to jointly develop a platform for interconnecting blockchains and further activate digital transformation.

This project will develop the foundation for a new architecture that will eliminate differences such as the timing of transactions between multiple blockchains, enabling asset transfers and recovery from transaction errors. The new open source technology aims to create a modular, extensible system that will enable integration, communication, operations and transactions between different blockchains.

The companies will also offer a Software Development Kit as an OSS to easily offer services that integrate multiple blockchains for software developers. Unlike conventional blockchains, which cannot integrate different blockchains or get excess money back from remitted coins, the Hyperledger Cactus framework automatically links different blockchains. Moreover, the technology can monitor the results of such operations, enabling the rapid development of integrated services that combine multiple blockchains.

Read this next

Chainwire

BloFin Sponsors TOKEN2049 Dubai and Celebrates the SideEvent: WhalesNight AfterParty 2024

Platinum Spotlight: BloFin dazzles as the top sponsor of TOKEN2049 Dubai, elevating its status with the electrifying WhalesNight AfterParty 2024. Celebrate blockchain innovation and join the night where industry leaders and pioneers connect.

Institutional FX

Eddid helps HK crypto platforms with Bitcoin and Ether ETFs

The brokerage firm will help SFC-licensed virtual asset trading platforms with Bitcoin and Ether ETFs in Hong Kong.

Digital Assets

Cboe can save up to $15 million by closing crypto exchange

“Refocusing our digital asset business enables us to refine our strategy, leveraging our core strengths in derivatives, technology excellence and product innovation to help maximize opportunities for our business and deliver efficiencies for Cboe and our clients.”

Fintech

Sumsub adopts Europe’s new KYC standards for crypto

“Businesses are facing a rising regulatory tide where properly preparing for compliance is crucial. There is now a simple choice, whether to implement solutions that can deliver this, or instead risk significant financial and reputational damages.”

Chainwire

Bybit Web3 Launches Industry’s First Bitcoin Layer 2 Airdrop Campaign, Paving the Way for a New Bitcoin Era

Bybit, one of the world’s top three crypto exchanges by volume, is excited to announce that Bybit Web3 is launching the industry’s first Bitcoin Layer 2 Airdrop campaign through its Airdrop Arcade.

Retail FX

Vantage observes results of US$100,000 donation to UNHCR

Vantage’s US$100,000 donation has helped approximately 788 refugees, internally displaced persons (IDPs), and returnees in 2023 alone.

Executive Moves

Tradition hires Michel Everaert to integrate data science and AI

“I am excited about the potential this offers, and look forward to building relationships and working with teams across the global business.”

Retail FX

IBKR extends US Treasury bond trading to 22 hours per day

US Treasury bonds are highly sought after by investors seeking stability and security in their portfolios as these instruments are often considered one of the safest investment options. 

Market News

Navigating Yen Depreciation and Euro Resilience in Global Markets

Amidst the persistent depreciation of the Japanese yen against the US dollar, pressure mounts on Japanese policymakers to translate their verbal assurances into tangible actions.

<