Hyperledger Has Grown 170% This Past Year, Says Project Team

The Hyperledger Project announced 17 new members that will collaborate in researching, developing and standardizing blockchain technology.

Also read: Blockchain is the Next Line of Defense for Cyber Security

Hyperledger Project Adds ‘Two New Members Per Week’

HyperledgerThe project has attracted 80 business members since the inception of Hyperledger last year.

“There’s been a tremendous response to our vision for creating an open community for blockchain technology,” Hyperledger Director Brian Behlendorf stated in the announcement. “At a growth rate of nearly two new members joining per week, there’s no telling where we’ll be at by the end of the year.”

The organization plans to build and deploy applications, platforms, and protocols that enhance business transactions. All of these innovations will work with an open-source code and distributed ledger architecture.

Led by the Linux Foundation, the project has backing from industry giants, such as JP Morgan, Wells Fargo, Intel, IBM, and Cisco. The project has been moving forward since it began with various development announcements in the past six months. In April, the Hyperledger Project added IBM executives and Blythe Masters to its governance structure.

The latest members to join the initiative include Samsung SDS, Union Mobile Pay, Netki and the NxT Foundation. Won-Pyo Hong, President of Samsung SDS’ Solution

Read more ... source: TheBitcoinNews