Home / Archive / The Hyperledger Blockchain Project adds 8 New Members

The Hyperledger Blockchain Project adds 8 New Members

Last Updated March 4, 2021 4:53 PM
Samburaj Das
Last Updated March 4, 2021 4:53 PM

Hyperledger, the open-source enterprise blockchain consortium led by the Linux Foundation has announced the addition of eight new members to its working group.

The latest members include enterprise software giant CA Technologies; blockchain startup Factom Foundation; healthcare blockchain developers Hashed Health; Korean IT services provider Koscom; foreign exchange and digital assets trading & wallet app Lykke; supply chain blockchain developer LedgerDomain and; Switzerland-based telecommunications firm Swisscom.

The San Francisco-based cross-industry blockchain consortium announced the milestone of reaching 100 active members , a month ago.

“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,” said Hyperledger executive director Brian Behlendorf at the time.

First announced in December 2015, the Hyperledger Project is arguably the largest industry-focused open-source blockchain endeavor around. A total of 3- founding members helped launch the blockchain project under the guidance of the Linux Foundation, the notable non-profit with a history of spreading open-source technology, like the Linux operating system, on a wide scale.

If blockchain technology is to be adopted by financial institutions and businesses alike on a global scale, basing it on an open-source infrastructure to foster an open standard for cross-platform adaptability will prove crucial. The Hyperledger Project has as good any effort to introduce and implement blockchain technology adoption across various industries.

The consortium owes its name to New York-based blockchain startup Digital Asset, which donated the trademark to the Linux Foundation. Several blockchain companies are contributing code to the project, including the likes of Blockstream, Ripple, Digital Asset and software giant IBM, a founding member that is significantly invested in blockchain development.

This year, the Hyperledger Project has seen development and rollouts of blockchain prototypes, according to Behlendorf, who pointed to 2017 as the year in which distributed ledgers will be deployed in real-world scenarios.

He stated:

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.

Image from Shutterstock.