The post Panasonic and IBM Announce Partnership with Constellation Network appeared on BitcoinEthereumNews.com.

Coinspeaker Panasonic and IBM Announce Partnership with Constellation Network Panasonic, a multinational company focused on technological solutions, and IBM, another technology company, announced a partnership with Constellation Network as the trio embarked on a journey to debut Hypergraph, a distributed ledger technology (DLT) that is now open for Web2 and Web3 developers. As per the announcement, Hypergraph took multiple years of development under various contracts with the US Department of Defense and will debut at Constellation Network’s Global Metagraph Hackathon. It is clear that technological conglomerates are now gradually investing heavily in blockchain solutions as the crypto market recovers from the clutches of bears. Notably, the Metagraph Hackathon is a totally virtual event where developers are free to enter and no fee is applicable. The low entry barriers ensure the presence of blockchain enthusiasts, who will witness the debut of Hypergraph. The hackathon started on July 15 and will run until September 9. Earlier, Constellation also partnered with Mushe, a decentralized exchange (DEX), to dethrone Uniswap and Pancakeswap, the two largest DEXs. They seek to bring cost-effective transfers, and interoperability, along with enhanced security via the partnership. According to Ben Jorgensen, the CEO of Constellation Network, Hypergraph is “the blockchain of blockchains”, adding that while developers are working on separate networks to support decentralized AI, tokenized assets, decentralized finance, etc., Hypergraph “can link them all together, make everything interoperable, and give them an underlying infrastructure that can secure their networks and validate their data flows”. Constellation will also reveal its metagraph application layer technology in the hackathon. The application layer will run atop Hypergraph and can be “any type of Layer 1 decentralized application (dApp) network or legacy Web2 network with its own internal business logic”. This is not Panasonic’s first venture into the blockchain and crypto space. As previously…

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Filed under: News - @ July 16, 2024 7:24 am