Hyperledger Project, the cross-industry collaborative project led by the Linux Foundation whose goal is to develop and advance the blockchain technology, announced it has welcomed eight new members from the technology and health sectors.
The latest members include the software company CA Technologies, the open source blockchain project Factom Foundation, the healthcare consortium Hashed Health, the Korean fintech Koscom, the accounting company LedgerDomain, the trading ecosystem developer Lykke, the Sovrin Foundation and the telecom Swisscom.
“Not only did we exceed 100 members, Hyperledger met significant development milestones thanks to the community’s hard work. As 2016 was a year of exploration, R&D and prototyping, we’re excited for 2017 to be the year we start to see case studies of the technology in production environments,” said Brian Behlendorf, Executive Director, Hyperledger.
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.