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The Technical Steering Committee of Hyperledger has approved the Ursa project, a modular cryptographic software library, according to an official announcement on 4 December.
According to the statement, while Hyperledger has matured, the projects "have begun to find the need for sophisticated cryptographic implementations". The post describes Ursa as a transition from having every project that implements its own collaboration protocols on a shared library.
Ursa intends to avoid the waste of work on duplicate projects, improving security by simplifying the analysis and making it less likely for less experienced people to create their own less secure implementations.
Furthermore, it is assumed that the project guarantees "the ability to enforce the review of experts of all cryptographic code" and simplifies interoperability between platforms because many projects would use the same libraries.
Hyperledger states that with the new library "blockchain developers can choose and modify their cryptographic schemes with a simple configuration file". Furthermore, Ursa will presumably have "more recent and fun cryptography implementations".
The library is divided into two smaller libraries. The former contains simple, standardized cryptographic algorithms and the second "more exotic cryptography". Advanced cryptographic algorithms such as pairing based signatures, SNARKs, aggregate signatures and threshold signatures are cited as examples.
The software will mainly be written in Rust, but will have "interfaces in all the languages that are commonly used in Hyperledger".
Hyperledger expects Ursa to facilitate development as "it is easier for new projects to take off if they have easy access to well-implemented and modular cryptographic abstractions".
Hyperledger is increasingly popular for institutional and commercial use. As previously reported by Cointelegraph, the leading Russian bank Sberbank recently concluded an OTC (over the counter) repurchase agreement through the use of smart contracts on the Hyperledger Fabric platform.
In November, French retail giant Carrefour implemented a hyperledger-based food tracking platform in its Spanish network. The system will be used to trace free-range chickens raised without antibiotics.
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