The Hyperledger Blockchain Project Adds New Members

The Hyperledger Blockchain Project Adds New Members

Hyperledger is a San Francisco-based open source project that has recently announced the addition of eight new members to the consortium. The new memb

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Hyperledger is a San Francisco-based open source project that has recently announced the addition of eight new members to the consortium. The new members include: CA Technologies; Fatcom Foundation which is a blockchain project; Hashed Health which is a healthcare blockchain startup; Koscom, Korean IT providers; foreign exchange wallet app Lykke; blockchain developer LedgerDomain and; Swiss telecommunications firm Swisscom.

Following the addition of these new members to the working group led Hyperledger to announce its 100 active member milestone. The executive director, Brian Behlendorf insists that the global growth shows the demand for an open source initiative like Hyperledger. It shows the need for people to share ideas when it comes to technology.

Hyperledger is a project that was first announced in December 2015. It is an affiliate of the Linux Foundation, a non-profit that spreads open source technology like the Linux operating system, and two other founders that fund the project. It has grown to be definitively the largest industrial open-source blockchain project in the world. It is a leading pioneer into adopting the blockchain technology across the world. It has made apt efforts to introduce and implement blockchain technology across various industries and this is considered as one of its best achievements so far.

The name Hyperledger was initially a trademark of Digital Asset, which is a blockchain startup based in New York. They sold the rights of the trademark to the Linux Foundation. IBM, a founding member of Hyperledger and software giant, contributes a significant amount of code to Hyperledger. Blockchain companies such as Blockstream, Ripple and Digital Asset also contribute code towards the project.

Brian Behlendorf argues that in 2017 we will see the deployment of distributed ledgers in real world scenarios. He further says that 2016 was mainly a year for exploration and prototyping and that case studies in production environments will roll out in 2017.

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