The Hyperledger Project, a collaborative cross-industry effort created to advance blockchain technology, has announced that eight new members have joined the initiative to establish an open standard for distributed ledgers to transform the way business transactions are conducted globally.
By creating a cross-industry open standard for distributed ledgers, any digital exchange with value could securely and cost-effectively be tracked and traded. The project has experienced an increase in growth of 70% in membership since February.
Jim Zemlin, Executive Director at The Linux Foundation, stated: “The amount of interest we have received from such a diverse set of companies is a testament to the impact the Hyperledger Project is poised to have. Through this shared investment, these companies can advance an enterprise grade, open source distributed ledger framework upon which users can build and run a variety of business applications.”
Working towards an automated, more secure, reliable and transparent way of exchanging and tracking data and assets, the new members join a diverse group from finance, banking, Internet of Things, supply chains, manufacturing and other technologies. New members include: Beijing AiYi Digital Finance Technology Co. Ltd, Broadridge Financial Solutions, Cloudsoft Corporation Ltd., Coinplug, Cuscal Limited, Eurostep Holdings Ltd., Skry (Coinalytics) and Soramitsu.
Danny Xin Lee, Executive Director of Beijing AiYi Digital Finance Technology, remarked: “Blockchain opens a new door to resource sharing and information protection. Cooperation and collaborating with other companies on blockchain-based technologies enables us to expand our vision and new business territory in a way that would otherwise not be possible. We are excited to bring this innovation to the industry and China as a whole.”
Vijay Mayadas, SVP and Global Head of Strategy at Broadridge, explained: “We believe distributed ledger technology has transformative potential to improve the efficiency, safety and economics of the capital markets industry in a significant way. We are thrilled to collaborate with the Hyperledger Project to help accelerate innovation and advance the open source development and shared infrastructure standard that underpins blockchain technology.”
CEO of Cloudsoft, Duncan Johnston-Watt said: “Interest in blockchain technology has exploded and with this has come the recognition that deploying and managing blockchain applications in the cloud is a critical factor in its adoption by the broader business community. As the founders of the Apache Brooklyn top level project, addressing such management challenges is in our DNA and we are excited to bring our experience to bear on the Hyperledger
Ryan Uhr, CEO of Coinplug, noted: “Secure, shared and transparent blockchain technology has the potential to disrupt the financial industry and change our business. We are looking forward to being a part of the Hyperledger Project and seeing first-hand the benefits a collaborative project on ledger technology will bring.”
The General Manager of Emerging Business at Cuscal, Brian Parker commented: “We’re very pleased to join the Hyperledger Project and contribute our expertise in payments and real-time processing to a very exciting project. We believe that distributed ledger technology has the potential to greatly improve legacy systems and processes and that working collaboratively is the best way to achieve this goal.”
Charles Henri Hirsch, Chairman of Eurostep Holdings, stated: “At Eurostep Digital, we are actively developing a new solution for investors which will allow trading in securities of unlisted companies using smart contracts and blockchain technology. We bring new standards to this asset class with professional reporting from independent sector experts. We bring an asset management level of compliance, governance and data protection for both investors and unlisted companies.”
CEO of Soramitsu, Makoto Takemiya asserted: “The adoption of blockchain and distributed ledger technology will be an important step forward in moving towards a protocol-driven economy, where actors can make informed decisions and manage data and assets in an efficient way. We look forward to working with the Hyperledger project to create and promote global standards for interaction with blockchains and distributed ledgers.”
Fabio Federici, Co-Founder and CEO at Skry, Inc., declared: “We believe that blockchains will have a transformational impact across industries and see open collaboration as a key component for this technology to reach the next level. We are excited to join the Hyperledger Project and work with industry leaders on blockchain solutions to real-world problems.”