New ‘Cryptography Library’ for DLT Development Announces Hyperledger

Hyperledger's Technical Board approved Ursa Project, a modular cryptographic software library, according to an official announcement on December 4th.

According to the statement, while Hyperledger matured, the projects "have begun to seek the need for sophisticated cryptographic implementations." The article describes Ursa as a change: each project implements its protocols for collaboration on a common library.

The Urse goal is to avoid unnecessary duplicate work, improve security by simplifying the analysis, and "less likely to experience people to create their own less secure implementation."

Also, the project should give "the ability to review all cryptographic codes" and simplify interoperability among platforms, as several projects will use the same libraries.
Hyperledger says that with a new library, "Blockchain developers can choose and modify their cryptographic schemes using a simple configuration file." Also, Ursa would "implement more sophisticated cryptography."

The library is divided into two smaller libraries. The first contains simple, standardized and standardized modular cryptographic algorithms and another "more exotic cryptography." Advanced cryptographic algorithms such as game-based signatures, SNARK, global signatures, and threshold signatures are listed as examples.

The software will mainly be written in Rust, but will include "sites in all languages ​​commonly used in Hyperledger."

Hyperledger expects Ursa to ease development because "it's easier to start new projects if they have easy access to well-implemented modular cryptographic abstractions."

Hyperledger is becoming increasingly popular for institutional and commercial use. As previously reported by Cointelegraph, the main Russian bank, Sberbank, recently entered the off-balance sheet OTC repo agreement with smart deals on the Hyperledger Fabric Platform.

In November, French retail giant Carrefour launched a food tracking platform based on Hyperledger in its Spanish network. The system will be used to monitor the free roaming of chickens raised without antibiotics.