Cross-industry blockchain project announced that 16 organizations joined it. Hyperledger now includes more than 235 organizations such as Intel, IBM and other leaders of computer development.
Why it is important
- The project Hyperledger involved leading developers in the field of finance, the Internet and other technologies. Intel is working on the Sawtooth Lake platform, which includes a new mechanism for achieving PoET. IBM is developing the Fabric, a blockchain-network that allows you to increase the transaction speed to a thousand per second.
- Hyperledger does not support any cryptocurrency. According to the project director, by not pushing a currency, company “avoids so many political challenges of having to maintain a globally consistent currency.”
New members include BlackRidge Technology, Blockdaemon, Chengdu Chiwu Software Technologies, China Systems Holdings Limited, Evernym, Experian, iownit capital and markets, Inc., Kakaopay, Lucidity, PokitDok and Thinktecture AG. Also this month Deutsche Bank joined the project as a leading member of the project.
Hyperledger developers have joined the University of Technology and Economics, the Mobility Open Blockchain Initiative (MOBI), MIT Connection Science and the National Institute of Telecommunications. Thus, 67 organizations participate directly in the development of Hyperledger.
“From healthcare to banking to digital identity management, our members are developing both the use cases and the code for distributed ledgers that scale, connect and interoperate. The accelerating growth we are seeing shows the widening footprint of enterprise blockchain and increasing recognition of a community-based approach to advancing the technology and business models,” said Brian Behlendorf, Executive Director, Hyperledger.
Hyperledger is an open source collaborative effort created to advance cross-industry blockchain technologies. The goal of the initiative is to create an industry-wide network in which organizations will have free access to data from the distributed registry. According to the creators of Hyperledger, this will help companies develop applications, platforms and equipment that will be applicable for transactions in specific areas of the economy.
By Ekaterina Ulyanova