Clear completes PoC for blockchain interoperability network with Hyperledger Fabric

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– Gal Hochberg, CEO, and Co-Founder of Clear

Clear, who was announced as a Hyperledger member in March 2020, has developed a powerful toolset to create blockchain-based settlement and clearing networks for global enterprises across a variety of industry verticals.

Hyperledger is an open source collaborative effort created to advance cross-industry blockchain technologies. Hyperledger hosts many blockchain technology projects including enterprise-grade, open source distributed LEDGER frameworks, libraries, and tools. Hyperledger’s expansive member network includes Walmart, Accenture, IBM, JP Morgan, and Consensys.

“Cross-platform interoperability is vital to enabling broad-based transactions in telecom and other complex industries. As champions of open technologies, Hyperledger welcomes this effort to connect disparate DLTs to enable wide-spread sharing and reconciliation of data and information. It’s great to see Hyperledger Fabric serve as a foundation for multi-blockchain environments.”

– Brian Behlendorf, Executive Director at Hyperledger

This is the latest in a string of high profile announcements for Clear, who announced a $13 million Series A investment in February and last month revealed that three of the world’s largest telecommunications companies, Deutsche Telekom, Telefonica, and Vodafone have successfully automated the reconciliation of roaming discount agreements using their solution.

“As a leading provider in the telecom industry, Clear operates in numerous networks and with multiple DLTs, and we are looking forward to expanding and supporting more ledgers and enterprises in achieving a seamless trade process. We want to break the DLT silo mindset, and it is important to us that our customers can enjoy all of Clear’s enterprise features irrespective of their DLT of choice. By facilitating this kind of collaboration, Clear and Hyperledger Fabric will open up a range of exciting new use cases.”

– Eran Haggiag, Co-Founder and Executive Chairman of Clear

More Info: clearx.io

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