Hyperledger Project reaches 100 milestone with 6 new members

Hyperledger Project reaches 100 milestone with 6 new members

- in All News, Cryptocurrencies
hyperledger-project

Hyperledger Project, a cross-industry collaborative effort to develop and advance the blockchain technology, announced it has reached 100 members, with the addition of six new members.

The latest additions include: Altoros Americas LLC, Beijing Botuzongheng Science & Technology CO., LTD, Chamber of Digital Commerce, Shanghai Gingkoo Financial Technology, Sinolending LTD and ZhongChao Credit Card Industry Development CO.LTD.

They have joined the Hyperledger Project to help create an open standard for distributed ledgers for transaction applications.

Unlike other blockchain projects like the consortiums of Ripple and R3, which are more focused on financial applications, the Hyperledger Project is aiming to help organizations to build robust, industry-specific applications, platforms and hardware systems to support their individual business transactions. Aside from financial transactions, various organizations are seeking application of the distributed ledger technology in healthcare, personal identification and even the election process.

“Not going to lie, getting to 100 members feels great, but the real kudos go to my team and the community,” said Brian Behlendorf, Executive Director, Hyperledger. “The growth and support across the globe is a testament to the need for an open source initiative, like Hyperledger, that accelerates the development of blockchain software and systems to reinvent industries.”

The Hyperledger project has members from all over the world. Twenty-five percent of the members are from China, 14% come from Asia-Pacific, 20% are from Europe, the Middle East and Africa and 41% from the US. They are from the sectors of finance and banking, IT, supply chain, manufacturing and technology.

Hyperledger is a collaborative project launched by the non-profit technological association Linux Foundation that promotes the advancement and standardization of the free and open source computer operating system Linux. Members of the Hyperledger Project include Deutsche Boerse, LSE, IBM, Cisco and Intel. Financial institutions that have joined Hyperledger include Russia’s largest bank – Sberbank, ABN Amro, Australia and New Zealand Banking Group, BNP Paribas, BNY Mellon, Moscow Exchange, Wells Fargo and the global money transferring system SWIFT.

The Hyperledger Project is seen by some as a competitor of the Google-backed blockchain developer Ripple, which also works on the development and application of the distributed ledger technology in the financial industry. Another similar consortium is R3, which currently is undergoing membership changes.

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