Linux Foundation Announces New Members To Its Hyperledger Blockchain Project

The Linux Foundation’s Hyperledger Project – a nonprofit formerly known as Open Ledger Project – has revealed the addition of thirty new members to its stakeholder list and governance hierarchy.

Hyperledger was founded as an open source project at the end of 2015, and its aim is to help proliferate blockchain technology into a wide array of industries.

“Peer-to-peer in nature, distributed ledger technology is shared, transparent and decentralized, making it ideal for application in finance and countless other areas such as manufacturing, banking, insurance and the Internet of Things.”

The current list of members sports some of the biggest names in investment banking such as ABN AMRO, BNY Mellon and JP Morgan. Blockchain developer firms like Digital Asset Holdings and Symbiont are also founding members of the Hyperledger project. Digital Asset Holdings also gave permission to the Linux Foundation to use the term “Hyperledger”.

“Digital Asset has donated the trademark for the ‘Hyperledger’ name to the Linux Foundation. Use of the mark will be managed exclusively by the Governing Board of the Hyperledger Project with the approval of the Linux Foundation.”

The press release also stated that the project has received coding help and other technical assistance from Blockstream, Digital Asset, IBM and Ripple. All code that is contributed to the project will be reviewed by the new Technical Steering Committee (TSC), which is tasked with maintaining the code base of the project.

“Nominations are currently open for TSC members.”

A Board of Directors – which will be responsible for marketing and business decisions – has been announced as well.


Image credit: 1

If you liked this article follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.