For the first time, at scale (measured in transactions per second), without fees, Enterprise, government and small business companies can now link their Hyperledger "Silos" together over the very secure 'mesh' of IOTA Communications MAMs channels (operating in ISO Layers 5/4) AND, at the same time, enable "feeless" third party supply chain partner and consumer transactions (paid in MIOTA) to bidirectionally interface into the permissioned private Hyperledger Blockchain hosted ERC20, Java or WebAssembly Smart Contacts.
TK note -(for a detailed description on private, permissioned and public blockchains Investopedia has a nice description posted here)
Nice. Very Nice. :)
The Big Bridge Deal: Welcome to the 21st Century of E-commerce.. (Better late than, well, never.. ;) )
Now with IOTA and Hyperledger bridged, any entity, regardless of the goods or services created, can be efficiently managed on your private Hyperledger while being directly connected to other parts of the business, the entire supply chain and their clients/customers in a completely "trust-less", efficient, SPEEDY and secure manner (with vastly fewer accountants, book keepers and lawyers.)
When implemented correctly (use a seasoned 3rd party integrator with proven Smart Contract & Hyperledger technical "chops" coupled with a decent IOTA integrator), any business can expect the IOTA-Hyperledger Bridge to dramatically improve their Inter and Intra-Business Velocity of communications and transaction settlement at much, much lower cost.
For example Hyperledger is often integrated as part of an existing Client ordering and ERP "Economic Resource Planning" system to improve internal transparency and enable low cost easy and frequent "automated" audits. By bridging Hyperledger to IOTA , any entity can also securely connect to other Hyperledger islands over IOTA's ISO Layer 5/4 MAMs channels operating over any IP network to connect to their supply chain partners and customers supporting service or product status (Manufacturing state,/phase, shipping state, pricing info etc..).
Under-the-hood: Hyperledger Data Mirroring permissioned to IOTA permissionless MAMs Channels and much, much more
Smart Contracts operating on the Hyperledger blockchain "access" the IOTA Bridge connector placed in the Hyperledger #Chaincode directory, thru which SC values are published (mirrored) into one or more IOTA communications "MAMS" channels, which themselves can be mutably or immutably stored to the IOTA public Ledger called the #Tangle. The Tangle is DAG "Directed Acyclic Graph" based, and can dynamically branch and scale across parallel competing branches as transaction traffic grows so the IOTA Tangle distributed 'permissionless' public ledger has the dynamic capacity given the current and growing size of IOTA's worldwide node network, to easily handle many concurrent ISO Layer 5/4 communication channels in parallel.
Describing how Wallets interact between IOTA and Hyperledger requires some study and is beyond the scope of this post, however suffice it to say both communities do an excellent job of supporting the bridge integration with quality documentation and online support, so any integrator team with decent technical skills can learn and successfully implement the bridge in not much time, with such integrations being a big business opportunity for developers and testers alike.
First Step: Secure SC "Smart Contract" Communications between Hyperledger Islands and 3rd Party Supply Chain Partners to share/react to SC States
Bridging those "islands" of Hyperledger over a secure IOTA communications mesh for simple notifications between system REST APIs is a simple first step integration with low risk, and big returns. Such bridging allows Smart Contracts operating on their Hyperledger to at a minimum communicate the "state of affairs" assigned under Smart Contract management between other remote Hyperledgers AND also interconnect with the REST APIs of other 3rd party supply chain partner system to share and react to the "state of affairs" managed by the Smart Contracts, doing so in a completely automated "trust-less" way with or without complete transparency over the IOTA distributed public ledger.
Second Step: E-commerce Enablement between Disparate Hyperledger Systems and 3rd Party Systems using MIOTA Cryptocurrency for Transaction Settlement.
Hyperledger Smart Contract managed cryptocurrency Wallet Seed and Address management via the IOTA Bridge underpins the functionality of the Bridge. For more technical description of how this works, dig into the link below. To minimize delays and risk, my advice is to engage IOTA savvy developers coupled with Hyperledger savvy developers to get the bridge properly integrated into your Hyperledger equipped CRM and ERP systems and/or services. Such a move will be money will spent on quality expertise, which is now out there in reasonable numbers.
Big Bridge Benefits: More Efficient Supply Chain Management, Direct Secure "Hard Store of Value" Financial Link to Clients/Customers
While most all can see the improvement in supply chain efficiency effected by the IOTA-Hyperledger bridge, it's also important to note IOTA offers an elegant, hugely scale-able and secure, future-proof way (Quantum Computer hacks anyone?) to connect directly to the client or customer "Sans Bank, Sans Fiat" (excuse my french without banks or fiat currency).
A Future 3rd Step is coming your way soon: Machine 2 Machine Economy Enablement
IOTA is also working very hard to create the tools necessary to connect the machine economy found at the edge of many networks to the world of e-commerce, most often equipped with low power and really low processing power (think meters, sensors, IoT controllers, etc..) without fees and with full support for fast micro-transactions (and one day soon support for building your own IOTA based #ASICs and #FPGAs using #Ternary or "Trinary" computing with 35-50% power savings and much better #Quantum computer hack resistance.
TK Tip- An explanation of why you should be worried about Quantum Computer Hacks of the "blockchain" can be found here
A nice step forward into the 21st Century of #Fintech, #E-commerce and the #Machine2Machine Economy, kudos to the IOTA and Hyperledger communities and the Linux Foundation. :)
TK over and out