Ethereum founder Vitalik Buterin promotes the integration of Hyperledger and Ethereum platforms

Vitalik Buterin, the founder of Ethereum , discussed how to integrate the Ethereum blockchain into the current code base, or completely replace the code base, at a meeting of the Hyperledger Technical Steering Committee earlier today. The committee is the main body that manages open source projects, and the non-profit Linux Foundation oversees it. Vitalik Buterin said that before realizing the integration of Ethereum and Hyperledger, he would have a detailed understanding of the Hyperledger operating model.

Translation: Nicole

Ethereum founder Vitalik Buterin spoke at a Hyperledger Technical Steering Committee meeting earlier today, discussing how the Ethereum blockchain could be integrated into the current codebase, or replace it entirely.

Currently, Hyperledger’s main proof-of-concept mechanism consists of three different sets of code, provided by IBM, startup Blockstream and Digital Asset Holdings, which ultimately form a group called “fabric.”

After Buterin read out a long list of representatives from the Technology Finance Corporation Group, he went on to detail how Ethereum solves the security issues of different accounts, and finally ended the speech with "integration opportunities."

Buterin told the group:

"Overall, we have several paths to choose from."

He divided future plans into three directions, each of which depends on the degree to which the open source Hyperledger project accepts or rejects Ethereum.

Three paths to Ethereum

First, Buterin suggested that companies and startup groups could continue to use the group’s ‘fabric’ account model when running computations on the Ethereum Virtual Machine (EVM).

Buterin said:

“It is better to continue to maintain the current account model so that everyone can reach an agreement through multiple methods.”

Buterin only briefly introduced the second method, saying that Hyperledger can be compatible with the Ethereum platform. In theory, Hyperledger can be compatible with both the Ethereum smart contract account model and the Ethereum virtual machine (distributed computer).

Finally, Buterin said Hyperledger could merge with Ethereum by developing a completely new account model that would transform the Ethereum Virtual Machine to suit their needs.

He said:

“We want to develop some type of architecture that can basically meet all the key performance requirements of smart contracts.”

Next steps

Buterin said that Hyperledger’s goals are very new to him, and he needs to understand their goals in more detail before realizing the integration of Ethereum and Hyperledger.

Buterin told the group:

“I may know very little about this area. If I want to follow up, I need to understand in detail how the Hyperledger architecture works.”

The current Technical Knowledge Council is the main body that manages open source projects, and the nonprofit Linux Foundation oversees it. In February, the Linux Foundation announced that it had 30 employees working to build a cross-industry blockchain, and later that month it added more than a dozen new members.

Buterin appeared at a Hyperledger Technical Steering Committee meeting this week, after months of continued momentum for the Hyperledger project.

In March, Hyperledger member JPMorgan Chase announced its own Juno “distributed ledger,” becoming one of the early major members of the Hyperledger project.

The following month, Intel unveiled its Sawtooth Lake distributed ledger platform, which it described as a “highly modular platform for building, configuring, and running Hyperledger.”

Next week, Hyperledger plans to hold a second meetup at the offices of the Depository Trust & Clearing Corporation (DTCC) in New Jersey. Steering committee members have expressed great interest in projects that work with Ethereum, and Buterin will also be invited to attend.