bitcoin, blockchain
bitcoin, blockchain

The Linux Foundation, a leader of the distributed ledger effort, has informed that it has 30 members now, up from 20 (only in December).

The Hyperledger Project, with an original name Open Ledger Project, was firstly shown to the public in December as na initiative with participating members as Cisco, IBM, or blockchain startups Digital Asset Holdings or R3CEV. This group has been enriched now by new members from financial sector or technology firms like ABN Amro, BNY Mellon, Calastone, CME Group, ConsenSys, Guardtime, Hitachi, IntellectEU, NEC, NTT Data, Red Hat or Symbiont.

In the statement, the technical director of The Linux Foundation, Jim Zemlin, was pointing to an increasing demand for open standards in the distributed ledger industry through higher number of new members, and that the Hyperledger Project is expected to boost the technology connection to the enterprise market in a similar way as Linux, the popular open-source operating system.

Zemlin said:

“Working on its own even the largest global corporation could not match the speed at which our new members are moving blockchain technology forward. Such a broad effort and investment is sure to have a great impact on our personal and professional lives.”

The Linux Foundation informed that it has received code contributions from Blockstream, IBM, Ripple and Digital Asset, which has published couple of details about the code.

Other members are “contemplating contributions to the effort” according to Zemlin, which will be reviewed by a Technical Steering Committee (TSC) with a goal to promote transparent decision-making.

According to the release “this group will oversee the project’s technical direction and working groups as well as manage multiple contributions to the code base. The TSC will be evaluating proposed contributions and go through an open community process to build out the initial and unified codebase.”

Moreover, the Hyperledger Project has pointed to an election of a board of directors to guide business decisions and marketing, for which nominations are now open.

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