Hyperledger, today announced new general members t0 its the organization; Gloscad, Microsoft, Milligan Partners, Nornickel and Salesforce. The new associate members included Ethereum Foundation and Chinese Government agency, China Academy of Information and Communications Technology (CAICT).
Hyper-ledger is an industry-wide open source initiative to advance blockchain technology, governed by The Linux Foundation. Hyperledger team assists with licensing to governance to release management to ecosystem development on Blockchain. Brian Behlendorf, Executive Director, Hyperledger noted in the press release,
“The mix of blue chip technology companies, international organizations, logistics and manufacturing players and academia that have joined us from point around the world show the widespread interest and investment in open source enterprise blockchain technologies.”
Hyperledger has more than 100 members, which include Accenture, Airbus, American Express, Cisco, JP Morgan, IBM, Intel, and so on. It is a global collaboration including leaders in finance, banking, Internet of Things, supply chains, manufacturing, and Technology. Currently, it is working on thirteen blockchain projects which aims to transform the internet.
Microsoft has worked with blockchain through its cloud platform, Azure. It also released an identity solution based on Bitcoin itself. Marley Gray, Principal Architect, Blockchain Engineering at Microsoft noted,
“We are proud of our contributions to such a diverse blockchain ecosystem, from our Azure service offerings and developer toolkits to our leadership in driving open specifications. We look forward to contributing to the community’s projects as well as initiating new ones based on emerging standards.”
Blockchain finds application in supply-chain management, remittance, recordkeeping, and numerous other applications. Hyperledger provides legal and other developmental assistance to firms engaging in Blockchain projects. They noted that the organizations mentioned above and our other members would be joining us in Tokyo at the end of July for our annual Member Summit.
Do you think the organization will be able to transform the Fintech industry with their projects? Please share your views with us.
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Nivesh from Engineering Background is a full-time Crypto Analyst at Coingape. He is an atheist who believes in love and cultural diversity. He believes that Cryptocurrency is a necessity to deter corruption. He holds small amounts of cryptocurrencies. Faith and fear are two sides of the same coin. Follow him on Twitter at @nivishoes or mail him at nivesh(at)coingape.com