Hyperledger Project, an open source blockchain initiative hosted by the Linux Foundation, has hit a major milestone of 100 active members. Several new members from China have joined the project, including Dianrong (formerly SinoLending), Shanghai Gingkoo Financial Technology and ZhongChao Credit Card Industry Development Company.
“As a fintech company, Dianrong has always been at the forefront of applying emerging technologies to finance,” Peng Bi, Vice President of Engineering, said in a statement. “While our core business is connecting lenders and borrowers on our peer-to-peer lending platform, blockchain inherently applies to our business model since it can enable anonymous transactions between two unknown parties, solving the trust issue.”
Dianrong is a leading internet financial services company in China, specializing in alternative financing solutions. The company was founded in 2012 by Soul Htite, Co-Founder and former Head of Technology at Lending Club. Dianrong now ranks among the top three peer-to-peer lending platforms in China, according to a report by Wdzj.com and Yingcan Consulting.
Htite has hinted numerous times at his company’s interest in blockchain technology, stating earlier this month that Dianrong has been developing blockchain applications for use in online lending. He said that that the company has committed to invest