The Hyperledger Launches Its First Graduate Project

The Hyperledger Launches Its First Graduate Project

Hyperledger, a Linux-led open source blockchain initiative, announced that Hyperledger Fabric, one of its five incubator projects, will be released at

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Hyperledger, a Linux-led open source blockchain initiative, announced that Hyperledger Fabric, one of its five incubator projects, will be released at the end of the month.

“As a reminder, we see Hyperledger as an “umbrella” for software developer communities building open source blockchain and related technologies. Fabric falls under that umbrella and is the first of the five Incubator projects to graduate.”, explained Hyperledger`s press release available at hyperledger.org.

All participating projects are evaluated by the help of several exit criteria including legal compliance, community support, test coverage, architectural alignment, public releases and others, as Hyperledger wrote.

The codebase for the Hyperledger Fabric project was provided by IBM. The project entered incubation a year ago and since then attracted an increasing number of contributors.

The project has 10 people leading the development. The latter represent three different companies along two individual contributors, as cryptocoinnews.com noted.

“In my experience, few open source projects achieve that level of diversity in so little time.”, according to Brian Behlendorf, Hyperledger’s executive director.

Developers from more than 20 companies joined Fabric`s development, but the performance-testing phase is to be performed soon, added Behlendorf in an interview with Reuters.

“Our hope is that it is code that people can put into serious production.”, added Behlendorf as quoted by Reuters.

Big businesses have increased their investment in financial technologies. Many of world`s largest banks, among others, turn to Blockchain in an effort to reduce the complexity and costs of some of their financial processes.

However, skeptics remind us that the blockchain technology is still in its early days, with very few large-scale public implementation, wrote Reuters.

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