Yale University and TCS Develop Blockchain Powered Private Off-Grid Networking Platform
Tata Consultancy Services and Yale University have now jointly developed Blockchain powered Private Off-Grid Networking Platform.
The new platform intends to address the trust and privacy issues in peer to peer digital networks.
The team plans to enhance the blockchain solutions even further as the current solution does not fully address the issues which are being faced by the individuals and businesses across the time delays increase in costs, middlemen, and trust concerns.
Blockchain powered Private Off-Grid Networking Platform
On the framework part, TCS developed the identity component; while on the other hand, Yale University researchers built the core service and integrated the software components required to give it the ability to share data and services via a decentralized ecosystem.
The partnership also used the two decentralized identity solution tool kits – Hyperledger Indy and Hyperedger Aries.
The new framework provides the benefits of scalability and identity verification present in traditional blockchain solutions along with the trust and decentralized provided by the public blockchain systems notes the announcement.
PC: Pablo, Pixabay