TokenSoft Announces Official Support for Hyperledger Sawtooth
Updated: Mar 28, 2019
TokenSoft is pleased to announce official support for Hyperledger Sawtooth, a modular platform for building, deploying, and running enterprise blockchains. TokenSoft’s clients will now have the ability to issue their assets on the Hyperledger Sawtooth network, which has already been adopted by technology giants such as Amazon, Intel, T-Mobile and Huawei.
Here’s why we decided to roll out support for Hyperledger Sawtooth:
Enterprise Grade Scalability and Features
Sawtooth is highly scalable due to its unique Proof of Elapsed Time (or PoET) consensus mechanism. This enables a maximum throughput of 1300 transactions per second. A high transaction throughput is one of the keys to enterprise adoption, as most large institutions need to process significant amounts of data at a rapid clip. It also enables the use of adjustable permissions, allowing issuers to control who can participate in their network — an essential feature for enterprises.
Ethereum Interface Support via Sawtooth Seth
Compatibility with Ethereum smart contracts enables the usage of Ethereum standards like ERC-20, and allows for interoperability between Sawtooth projects and the Ethereum ecosystem. Sawtooth is also features a developer interface built around Ethereum software tools, making for a familiar and easy-to-use programming environment.
Flexible Smart Contract Development Support
This announcement follows our recent implementation of blockchain-based issuances on Stellar and R3 Corda, two other major blockchain platforms designed for enterprise use. Our focus on integrating enterprise solutions into our platform is driven by our commitment to bringing security tokens into the mainstream — and our belief that enterprise adoption will play a key role in that process.
This release is for informational purposes only, does not constitute an offer or solicitation to sell securities, and shall not be construed as legal advice in any jurisdiction. Certain information set forth in this release contains “forward-looking statements” under applicable securities laws. TokenSoft undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change, except as required by applicable securities laws.