Boston Fed And The Bank Of England Interested In Hyperledger Project

Boston Fed And The Bank Of England Interested In Hyperledger Project

Hyperledger is an open source project hosted by the Linux Foundation, created to advance modern technologies. Blockchain is a transparent and secure i

UK Payments System May Soon Be Blockchain Compatible
Canadian Regulator: Fintech & Blockchain Need Open Data Access
If you can’t beat them, join them

Hyperledger is an open source project hosted by the Linux Foundation, created to advance modern technologies. Blockchain is a transparent and secure information storage and transmission technology. It operates without a central control body and has better management of databases.

Two major banks have decided to join the Hyperledger Blockchain project

The high demand for this new concept is not surprising, given the quality of the service available and the number of members already registered (over a hundred from different fields of activity according to Brian Behlendorf, director of Hyperledger). The Linux Foundation platform had already announced the arrival of 11 new members for the Hyperledger Blockchain project. These include institutions such as:

• Bank of England

• Central Bank of the United Kingdom

• Boston Fed, etc.

• China Merchants Bank,

• Georgian Bank of Guangdong;

• New York-based IC3 academic and industrial consortium, etc.

What is the purpose?

The aim here is to bring together different companies to develop a kind of interoperability around this open source concept. The companies that join the Hyperledger Blockchain project evolve in the financial, procurement, manufacturing, management, new technologies and more.

The Bank of England as far as it is concerned, is much more inclined to look into the field of blockchain applications and digital currencies. It invests money and experience to try to increase its development and business process. A better understanding of Blockchain technology is an unavoidable aspect of the process.

Asian countries, including China, are interested

Thanks to its professionalism and its rapid development, the Hyperlocker Blockchain project attracts Asian companies. Thus, the linux foundation announced among its partners in China, the Technical Working Group China (TWG). The latter plays an important role in the correlation between Hyperledger associates in China and outside in regions such as Taiwan and Hong Kong.

TWG will also be able to undertake meetings and training seminars to educate these different block chains. The Blockchain Hyperlocker project is booming and is rapidly developing with new arrivals always from big companies (American Express, Daimler, Mercedes Benz, etc.)

COMMENTS