The Linux Foundation’s Hyperledger Project has just announced its partnership with the Chinese conglomerate Wanda Group. As the largest private property developer in the world and the biggest cinema chain operator globally, the firm plans to help create an open blockchain standard with the Linux collaborative project.
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Chinese Multinational Conglomerate Wanda Group Partners With Hyperledger
The Hyperledger Project is on a mission to establish open standards for blockchain technology through cross-industry efforts from a broad array of businesses worldwide. Now, the blockchain-based project has revealed FFan Technology under Wanda Group is now a premier member of the technological collaborative.
Hyperledger has attracted over 80 business members since it launched last year. It aims to build an open source distributed ledger architecture for applications, platforms, and protocols that enhance decentralized business transactions.
Wanda Group will contribute certain aspects of its business resources to help Hyperledger create enterprise-grade distributed ledger technology. Hyperledger Executive Director Brian Behlendorf said:
We’re thrilled to see a world class company like Wanda join the project. Their financial expertise and global reach is sure to be a huge asset, as we continue to bring the Hyperledger community together