Hyperledger, the initiative of Linux Foundation to create a consortium consisting of leading companies from the technology and financial sector has reached a new milestone. The Hyperledger Project has recently announced the names of its 30 founding members along with a list of project proposals focused on advancing the blockchain technology.

The founding members of the Hyperledger Project according to Linux Foundation includes the likes of ABN AMRO, Accenture, ANZ Bank, Blockchain, BNY Mellon, Calastone, Cisco, CME Group, ConsenSys, Credits, The Depository Trust & Clearing Corporation, Deutsche Borse Group, Digital Asset Holdings, Fujitsu, Guardtime, Hitachi, IBM, Intel, IntellectEU, JP Morgan, NEC, NTT DATA, R3, Red Hat, State Street, SWIFT, Symbiont, VMware and Wells Fargo; all listed in an alphabetical order as mentioned in the organization’s announcement. Among these are names of those big players who have been setting the industry standards in their respective fields for a long time now.

The Hyperledger Project derives its name from the Digital Asset Holdings, which has permitted the Linux Foundation to use it. The Hyperledger Project has adopted an open governance structure where the board of directors will be tasked with the responsibility of taking business and marketing decisions. They have to ensure that these functions are in alignment with the tasks carried out by its members and technical communities.

The code proposals for Hyperledger Project has so far been contributed by several of its key members including IBM, Digital Asset Holdings, Blockstream and Ripple. The board along with soon to be formed Technical Steering Committee will be working on these code proposals in the coming days.

The Hyperledger Project, led by Linux Foundation, with the largest open source communities and supported by the expertise of global tech and business leaders is expected to create some of the best blockchain based solutions in the coming months. It will accelerate the development of blockchain technology and its adoption by the industry.

Ref: Linux Foundation
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