OddsShark Top Sportsbooks
*Terms and Conditions apply to all bonus offers on this website. Visit operator for details.

Flush of New Organizations Join Hyperledger Consortium

Hyperledger, the open-source developmental blockchain platform, has welcomed an additional eight members to the project, as months of growth activity bring 2016 to a close.

The project, drawing on the expertise of a diverse base of companies, announced the new partners including a national telecom and a hotly tipped blockchain startup, with activity continuing even as the new year looms.

The Linux Foundation, responsible for drawing together contributing member companies, has grown the project to now include over 100 members, working in partnership to develop the Hyperledger platform, as it continues to explore the boundaries of distributed ledger technology.

Welcoming the new companies joining the project, the executive director of Hyperledger, Brian Behlendorf, suggested 2017 could see development move one step closer to practical implementation.

"2016 was a year of exploration, R&D and prototyping,” he said. “We’re excited for 2017 to be the year we start to see case studies of the technology in production environments."

The companies joining the project are Factom, CA Technologies, Lykke, Koscom, LedgerDomain, Sovrin Foundation and Hashed Health, in addition to the recent hookup with Swisscom, the Swiss national telecom company.

The growth in support for the project could see Hyperledger move closer toward being used in a range of commercial settings in 2017, with cross-industry applications for partner members and beyond.

Having undergone extensive development, research and revision of the technology in 2016, the Linux-driven project is anticipating a promising start to the new year.

The news comes just days after 12 Hyperledger members successfully transacted a virtual asset for the first time cross-ocean on Fabric blockchain architecture, in what has been a further significant development for the project.

Hyperledger is creating a framework for blockchain transactions, which analysts anticipate could democratize the digital ledger, allowing for tailored cross-industry platforms for different commercial, state, financial and charitable sectors.

Relying on the blockchain, the same technology behind the decentralized Bitcoin currency, the technology will continue to be widely tested in 2017, as the consortium moves to build on the successes of 2016.