SOURCE: Hyperledger Project

Hyperledger Project

November 30, 2016 08:30 ET

Hyperledger Hits 100 Member Milestone

In less than one year, open source blockchain initiative has grown far beyond any other collaborative project ever hosted by The Linux Foundation

SAN FRANCISCO, CA--(Marketwired - November 30, 2016) - Hyperledger Project, a collaborative cross-industry effort created to advance blockchain technology, announced today that it has hit a major milestone of 100 active members. Six new organizations have joined the project to help create an open standard for distributed ledgers for a new generation of transactional applications.

"Not going to lie, getting to 100 members feels great, but the real kudos go to my team and the community," said Brian Behlendorf, Executive Director, Hyperledger. "The growth and support across the globe is a testament to the need for an open source initiative, like Hyperledger, that accelerates the development of blockchain software and systems to reinvent industries."

Hyperledger aims to enable organizations to build robust, industry-specific applications, platforms and hardware systems to support their individual business transactions by creating an enterprise grade, open source distributed ledger framework and code base.

"The growth and interest in Hyperledger has been incredible," said Jim Zemlin, Executive Director, The Linux Foundation. "The project's 'umbrella' vision which welcomes collaboration and hosts many open source distributed ledger technologies encourages developers to find opportunities to work on common code without a top-down single architecture approach and will serve to benefit many industries and applications."

Hyperledger membership is truly global with 25% in China, 14% in APAC, 20% in EMEA and 41% spread across the U.S. The new members join leaders in finance, banking, IoT, supply chain, manufacturing and technology. The latest members include: Altoros Americas LLC, Beijing Botuzongheng Science & Technology CO., LTD, Chamber of Digital Commerce, Shanghai Gingkoo Financial Technology, Sinolending LTD and ZhongChao Credit Card Industry Development CO.LTD.

New Member Quotes:

Altoros Americas LLC

"Using Hyperledger, Altoros builds proofs of concepts and smart contract blueprints for financial services use cases," said Renat Khasanshyn, CEO, Altoros. "For example, we have built a service for companies that wish to challenge clearing houses, a class of intermediaries performing clearing and settlement of over the counter credit default swaps. Moving forward, we plan to use Hyperledger to build similar services and blueprints for debt issuance and trading, syndicated loans, and reinsurance. It is critical for us to support the Linux Foundation, making sure the Hyperledger Project fulfills its mission."

Beijing Botuzongheng Science & Technology CO., LTD

"We are very proud to have a chance to join Hyperledger and advance all kinds of applications of blockchain," said Mr. Ruan Yong, CEO, Beijing Botuzongheng Science & Technology CO., LTD. "Actually, we are now building the biggest Copyright Protection blockchain for CCTV, and are looking forward to working with companies and organizations on that effort."

Shanghai Gingkoo Financial Technology

"As an IT solution provider for financial institutions with more than 70 clients all over the world, Gingkoo is a leading fintech company," said Bruce Zeng, Manager, Gingkoo Blockchain Department. "To explore how to serve banks with DLT in China, we have developed our own Starfish-chain and established partnerships with many blockchain companies worldwide. We believe blockchain is one of the best tools and joining hyperledger will surely bring us closer to our goal."

Sinolending LTD

"The Hyperledger Project is the leading organization in terms of developing an enterprise-grade, cross-industry blockchain platform; We're thrilled to join Hyperledger," said Peng Bi, Vice President of Engineering, Dianrong. "As a fintech company, Dianrong has always been at the forefront of applying emerging technologies to finance. While our core business is connecting lenders and borrowers on our P2P lending platform, blockchain inherently applies to our business model since it can enable anonymous transactions between two unknown parties, solving the trust issue. We are also investigating other blockchain applications such as consumer finance, borrower credit and contract certification."

ZhongChao Credit Card Industry Development CO.LTD

"Joining Hyperledger is a new start to work with people around the world on the distributed ledger technology," said Yifeng Zhang, President, Zhongchao Smart Card Research Institute. "Zhongchao focus on the currency digitalization and we believe blockchain is the next evolution of financial technology. We will cooperate with the central bank and financial institutions for further development of the industry. "

Membership interest was not the only accelerant of momentum for Hyperledger this year. Several open source blockchain and distributed ledger projects moved into incubation under Hyperledger including Fabric, Sawtooth Lake, Blockchain Explorer and Iroha. Also, earlier this year, a Healthcare Working Group launched in an effort to foster conversations and proposals for appropriate applications of blockchain technology in the healthcare industry hosted by Hyperledger.

The success of Hyperledger is due to the support of the developer community and member companies. Learn how your organization can contribute to the project here: https://www.hyperledger.org/about/join

About Hyperledger
The Hyperledger project is an open source collaborative effort created to advance cross-industry blockchain technologies. It is a global collaboration including leaders in finance, banking, Internet of Things, supply chains, manufacturing and Technology. The Linux Foundation hosts Hyperledger as a Collaborative Project under the foundation. To learn more, visit: www.hyperledger.org

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