Hyperledger Momentum Continues as More Enterprises Bend the Knee
With over 235 organizations working together across multiple industries to advance blockchain technologies, Hyperledger has started to see enterprise momentum. Earlier this month, Deutsche Bank announced its intention to become a premier member and today the open source collaborative effort confirmed that enterprises such as Experian, Evernym, and China Systems Holding have joined.
Hyperledger Is a Multi-Project and Multi-Stakeholder Effort
Although public blockchains such as Bitcoin, Ethereum, and EOS have been in the news lately, one can’t forget about solutions for the common enterprise. Despite not being as flashy, many industry experts have quietly been pushing for collaborative efforts where the brightest leaders across multiple industries could use blockchain infrastructure and a distributed ledger to reduce friction and create new revenue models.
Powered by the Linux Foundation, Hyperledger is an example of one of those collaborations as it has been able to convince the likes of American Express, Cisco, SAP to join on since its inception in 2016.
In another positive sign, sixteen more organizations have announced they will be joining as members and supporting the quest to build open source business blockchain technologies. That brings the total to over 200.
Executive Director Brian Behlendorf elaborated on Hyperledger’s mission:
“From healthcare to banking to digital identity management, our members are developing both the use cases and the code for distributed ledgers that scale, connect and interoperate. The accelerating growth we are seeing shows the widening footprint of enterprise blockchain and increasing recognition of a community-based approach to advancing the technology and business models.”
Robust, Industry-Specific Applications
Despite the rapid increase in membership and positive reception, building production-ready software across numerous industries is no small feat. Others such as R3 and the EEA (Enterprise Ethereum Alliance) are trying to be the leaders in the space when it comes to building an open community focused on scalable, secure solutions that can be robust enough for leading enterprises around the globe.
Within Hyperledger, business frameworks such as Sawtooth and Fabric are focused on scalable distributed ledgers as well as the back end necessary to enable turnkey decentralized applications.
Do you think enterprises are joining Hyperledger to contribute to the development of blockchain technology or are they just trying to see what other industry leaders are doing? Tell us your thoughts below.
Images via Hyperledger, Pixabay