Some Additional Details About Hedera Hashgraph

Hedera Hashgraph Sagewise Collaboration

We’ve received a great deal of feedback since we announced that Sagewise would work with Hedera Hashgraph. In response, we want to go into a little more detail here about the specifics of the collaboration and what it does and does not mean for Sagewise’s own roadmap. First of all, we want to reiterate how excited we are to be working with the Hedera Hashgraph team. They’re building an exciting platform and we look forward to being part of their exciting growth in the future.

We also want to address some questions and concerns that have been raised by the community. Most importantly, we want to emphasize that working with Hedera Hashgraph does not mean we are leaving Ethereum. We recognize both the technological advantages and the broad reach of the Ethereum blockchain – it’s one of the reasons we decided to build our platform on it in the first place. On the contrary, Hedera Hashgraph, for a number of reasons that we will outline, is completely compatible with our work on Ethereum. At the same time, it offers additional benefits that we believe will materially advance our efforts to build the industry’s leading smart contract dispute resolution system.

The first benefit, as already touched on, is compatibility. The Sagewise platform can easily be ported to Hedera Hashgraph because it will support Solidity smart contracts with no changes required. This compatibility makes working with Hedera Hashgraph a true win-win, since we are able to leverage the specific benefits it offers without needing to sacrifice the obvious advantages and scale of Ethereum. Our developers are able to use the same Solidity code they use to build on that blockchain to build functionality utilizing Hashgraph. In short, we get the best of both worlds.

Hedera Hashgraph also offers tangible benefits to Sagewise that we expect will make a real difference in the quality, speed, and affordability of our service. Importantly, it promises to be faster and cheaper than Ethereum. This is something we cannot ignore at this stage of our growth; at current gas prices, we would not be able to scale as quickly or as comprehensively as we want by building on Ethereum alone. And the Hedera Hashgraph APIs will have unique, innovative features that present significant benefits to Sagewise. Among these is a best-of-its kind file system with cutting-edge features like provable deletion. We intend to use this to augment Sagewise’s system on Hedera Hashgraph’s stack.

The final thing to remember is that Sagewise has always had a goal of being platform-agnostic. Since we’re a middleware layer providing infrastructure for smart contract suppliers, we need to make sure we’re wherever our customers are. Using Hedera Hashgraph moves us toward that goal. It has emerged as a major player with enterprises, which is where we see much of our growth in the future. Hedera Hashgraph’s compatibility with Ethereum, its suite of exciting, cutting edge features, and its presence among our potential partners make the platform a clear win. We’re excited to build together.

Amy Wan

Amy Wan is Co-Founder and CEO of Sagewise, a dispute resolution infrastructure for smart contracts. Previously, she was a Partner at a boutique securities law firm and General Counsel at a real estate crowdfunding platform. Amy is also the founder and co-organizer of Legal Hackers LA, which programs around the intersection of law and technology; was named one of the one of ten women to watch in legal technology by the American Bar Association Journal in 2014; and was nominated as a Finalist for the Corporate Counsel of the Year Award 2015 by LA Business Journal. Amy has also worked in international regulatory and trade policy at the U.S. Department of Commerce, and was a Presidential Management Fellow at the U.S. Department of State and U.S. Department of Transportation. She holds an LL.M. in Public International Law from the London School of Economics and Political Science, a JD from the University of Southern California Gould School of Law, and a BA in Biological Sciences from the University of Southern California.

Leave a Reply

Your email address will not be published. Required fields are marked *