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RootstockLabs Joins Linux Foundation’s Hyperledger to Accelerate Enterprise and Government Adoption of Blockchain

RootstockLabs Joins Linux Foundation’s Hyperledger to Accelerate Enterprise and Government Adoption of Blockchain

RootstockLabs, the key contributor to the first Bitcoin layer 2 Rootstock and its Rootstock Infrastructure Framework (RIF), has joined the Linux Foundation and Hyperledger. An open-source collaboration to advance blockchain technologies, Hyperledger is a Linux Foundation project with more than 250 members, including companies such as Citi, JP Morgan, Telefonica, and IBM.

Joining the Hyperledger community paves the way for RootstockLabs to utilize Hyperledger Besu technology, alongside its own RIF-based technologies, to develop enterprise and government-oriented projects. Besu is an enterprise-friendly Ethereum client for public and private permissioned networks.

“We are thrilled to become part of the Linux Foundation, one of the leading organizations in the promotion of open-source software and ecosystems,” said RootstockLabs former CEO Diego Gutierrez Zaldivar. “All of the software used within the Rootstock network and developed by RootstockLabs is open-sourced, and our ethos closely aligns with that of Linux. Our membership in the Linux Foundation and Hyperledger will accelerate the adoption of open blockchain standards that foster financial freedom, transparency, and trust.”

Brian Behlendorf, executive director at Hyperledger, added: “RootstockLabs’ ambition to establish a fairer and more inclusive financial system lends itself to several compelling use cases for blockchain. It’s gratifying to envision Hyperledger’s open-source, community-built technologies as a foundation for that mission. We welcome RootstockLabs’ commitment to creating open, decentralized platforms and the support of its global team in continuing to grow the Hyperledger ecosystem.”

RootstockLabs has developed a number of blockchain-based solutions for enterprises including Gasnet, a blockchain network focused on Argentina’s natural gas distribution ecosystem, and a proof of concept for the country’s central bank. Now, it plans to expand its offerings through the partnership with the Linux Foundation and the deployment of Hyperledger Besu.

About Rootstock

Rootstock is the first, biggest, and longest lasting Bitcoin sidechain. It is the only Bitcoin layer 2 that combines the security of Bitcoin’s proof-of-work, with Ethereum’s smart contract capabilities.

Rootstock is open-source, EVM-compatible, and secured by over 60% of Bitcoin’s hashing power, which makes it a gateway to a vibrant ecosystem of dApps that continues to evolve to become fully trustless. 

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