Hyperledger, the collaborative cross-industry effort created to advance blockchain technology, has announced that seven new members have joined the project to help create an open standard for distributed ledgers for a new generation of transactional applications, bringing the number of members to 135.
Executive Director of Hyperledger, Brian Behlendorf stated: “This is a very exciting time with world class global organizations joining Hyperledger nearly every week,” “The blockchain technology community still has many challenges to solve, and many different possible approaches to solving them. Hyperledger’s open collaboration is key to fostering this growing community and is fundamentally important to getting innovative ideas into production-quality code this year.”
The consortium 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. It is a global collaboration including leaders in finance, banking, IoT, supply chain, manufacturing and technology. The latest members include: CollectorIQ Inc., Korea Exchange, Shanghai Onechain Information Technology, Shenzhen Forms Syntron Information, The State of Illinois, The Netherlands Organization for applied scientific research (TNO) and 1worldblockchain.
Christopher E. Vroom, CFA, CEO and CIQ of CollectorIQ Inc., said: “CollectorIQ’s data and analytics platform aims to unlock liquidity in the $6 trillion global fine art and collectibles market. We’ve assembled the world’s largest public and private market dataset, which is the first step towards greater transparency and, ultimately, higher transaction velocity. The distributed ledger promises to increase trust and veracity of and in asset authenticity which we view as a fundamental requirement for broad-based participation. Over the next ten years, we expect blockchain strategies to drive an incremental $200 billion in sales activity in this vertical. We’re thrilled to be a part of Hyperledger and hope that we can meaningfully contribute to open-source innovation within this growing network of like-minded entrepreneurs.”
CIO of the Korea Exchange, Hong Hee Shin remarked: “Joining Hyperledger will open the gateway to the blockchain technology for the Korean capital market. As it has strived to transform the traditional financial industry into innovative business, the Korea Exchange will keep driving the Korean capital market to adopt and develop distributed ledger technology that will benefit all market participants and investors. The collaboration with Hyperledger and member firms will accelerate its effort to reach the goal.”
George Zhou, general manager of Onechain technology, commented: “Onechain technology, a financial technology company in China, is excited to have joined Hyperledger as an open source initiative that promotes blockchain digital technology and transaction verification. Members can cooperate with each other to build an open platform and meet the needs of different industries from multiple use cases and streamline business processes. The success of joining, not only marks that Onechain technology has gained further acceptance in the field of blockchain, but also provides a good opportunity for us to cooperate with other members. And our goal is to become the blockchain integrated application solutions expert in the future.”
Chairman of Forms Syntron, Frank Chow noted: “Since its inception in 2003, Forms Syntron has been focusing on providing comprehensive IT services for the banking industry. We believe blockchain will take an important position in the banking industry. Being a member of Hyperledger will facilitate our blockchain technology, accelerate our development of fintech applications, and also promote the implementation of innovative blockchain applications for the banking industry.”
Edward Ng, CEO of 1WB, explained: “The recent partnership between 1worldblockchain.com and the Hyperledger global community is a big step toward ensuring workable Blockchain standards, whilst staying true to the theme of DLT open source. Our goal is to provide a robust Blockchain platform and business solutions development to facilitate an even better operational environment for the Fintech industry. The Fintech operating environment needs industry standardized stability in order for it to move forward at an optimal and sustainable pace, as it replaces the outmoded, slow and inconvenient traditional X-border wire transfers systems. We at 1worldblockchain are looking forward to supporting the goodwill and contributing to the success of Hyperledger as part of The Linux Foundation.”