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What is chaincode and is it compatible with the EVM?

Chaincode FAQ says it supports smart contracts and can these contracts be deployed and function on the Ethereum blockchain?

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It doesn't seems to support Ethereum contract languages like Solidity.

The first OBC-supported chaincode language is Golang, and support for JavaScript and Java is planned for 2016. Support for additional languages and the development of an OBC-specific templating language have been discussed, and more details will be released in the near future.

Quote from: chaincode FAQ

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Chaincode is arbitrary programs in a docker container that satisfies the chaincode interface. It is possible to run the EVM in chaincode, and then pass solidity contracts in and so on, but I don't think it's been done yet.

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