BUSINESS INNOVATION

Blockchain Project: Hyperledger Iroha

Hyperledger Iroha is a distributed ledger technology framework for building business infrastructure projects. 

Hyperledger Iroha has two versions, Iroha 1 and Iroha 2, that are developed concurrently and are not compatible.

Hyperledger Iroha (2) offers a Byzantine Fault Tolerant consensus algorithm called Sumeragi. (Iroha 1 used a different consensus algorithm, a crash fault tolerant consensus called Yac.)

Iroha 2 offers, minimal code base, is written in Rust and has a WASM-powered smart contract engine and event-driven architecture.

From the documentation,

"With Iroha users can:

• Create and manage custom fungible assets, such as currencies, gold, and others
• Create and manage non-fungible assets
• Manage user accounts with a domain hierarchy and multi-signature transactions
• Use efficient portable smart contracts implemented either via WebAssembly or Iroha Special Instructions
• Use both permissioned and permission-less blockchain deployments"

As with all Hyperledger projects, Hyperleder Iroha is open source.