The consortium Hyperledger will start the first ICO

As reported by CoinDesk, Sovrin Foundation, a company-member of the Association Hyperledger, ICO plans to begin using the code consortium. The first and possibly only round will begin this summer. Plans for the conduct ICO has been specified in the Whitepaper the company published last year.
Since the launch of the Linux Foundation in 2015, Hyperledger has provided storage for unfinished blockchain code pages of private companies such as IBM, State Street, and others. However, the concept of a more open ICO under the auspices of Hyperledger appeared earlier.



Sovrin Foundation for the launch of the new token means a full translation of proper system management of personal data on the blockchain. As conceived by the developers of the company, any request for verification of data will have a certain value, paid in tokens. Requests for more valuable data, such as an extract from an educational institution, will cost more and will require additional confirmation from the network. In addition, Sovrin tokens will be used for payments to managers, inspectors and entering new data into the register. The company also wants to give the tokens with function of anti-spam to prevent the occurrence in the registry discrediting information.

The Executive Director of the consortium Brian Behlendorf (Brian Behlendorf) told CoinDesk that some projects are ready to launch their own tokens are available in Hyperledger code bases, including Sawthoon (developed by Intel) and Fabric (developed by IBM).

Thus, PokitDok (medical API-platform) plans to use Sawthoon to create its own token of ERC-20 standard.



"In theory, we could use the standards developed by the Ethereum community to create tokens for our other registries," said Behlendorf.
It is unknown whether the consortium members are going to involve other partners in their own projects. Recall that in late March, Hyperledger was joined by Ripple.
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