Blockchain technology is serving multiple different purposes and not all of that requires an openly accessible public network. Private institutions are leveraging permissioned blockchain networks where the participants are limited. Cardano founder Charles Hoskinson spoke on this matter in a new video and also introduced an interoperability system that links permissionless blockchains with permissioned networks.
The IOHK CEO highlighted that permissioned blockchain networks are often preferred for various reasons including regulatory uncertainty.
He compared Cardano’s permissionless system with IBM’s hyperledger Fabric, which is the leading enterprise-grade blockchain that gives a company control over the consensus.
He added that in order to attract corporate customers the code for Cardano is written in such a way that its “blockchain-agnostic” since enterprise chains are different from Cardano, in which any participant can contribute to consensus.
Atala, which was also developed by IOHK, was designed to be a permissioned network for enterprise users.
An interoperable network to attract enterprise customers
Hence Hoskinson explained that Atala and Cardano are interoperable with each other, and IOHK is currently collaborating with the Hyperledger Foundation to develop a “turnkey system” making it possible for enterprises to move to Cardano’s permissionless infrastructure and leverage the benefits of a permissioned network as well.
“We’re going to unify [the ecosystem] in 2021 […]some of these have to do with unifying permissioned and permissionless together […] If we get approval in 2021 we’re going to call this “Gerolamo,” because that was the first name of Cardano,” Hoskinson said in the video.
Basically, “Gerolamo,” is an interoperability system that links its public blockchain Cardano with its enterprise blockchain Atala.
The partnership with the Hyperledger Consortium seems to have begun in June and Hoskinson adds that Gerolamo will be competing with Hyperledger Fabric and Sawtooth, though it will also exist as a Hyperledger product in its own right.
IOHK has been focusing on government and enterprise partnerships and Hoskinson highlights that its contract with the government of Georgia brings in “50,000 new users per year minimum and has the potential to scale to one hundreds of thousands”.
Hence, Gerolamo’s enterprise appeal could further boost the possibility of companies moving to Cardano’s permissionless infrastructure over the course of a partnership.