Hyperledger Consortium Prepares To Elect New Technical Team

The Hyperledger consortium is preparing to elect a new technical committee, as members come together to vote on the future direction of the project.

The group, which is comprised of a selection of over 140 organizations, will elect a raft of new members to its technical steering committee, including a new committee chair, to be tasked with overseeing the technical direction of the group for the following period.

Led by the Linux Foundation, Hyperledger has been working to create open-source models for blockchain development, with efforts so far culminating in the release of their first production-ready model, Fabric, which was launched last month.

Drawing partners from a diverse cross-section of industry, Hyperledger is regarded as one of the pioneering groups in the development of the technology, which is expected to have major ramifications for business processes across the spectrum.

Nominations will open on August 10, and run until August 16, with voting scheduled to get underway the following day.

Committee chair nominations will open from August 24, followed by a final vote to be held before September 6.

Results are expected to be announced the day after voting closes, which will shape the team responsible for the project’s technical direction going forward.

Hyperledger members include companies like IBM, Fujitsu, American Express, Daimler, JP Morgan, Intel, Deloitte and Nokia, reflecting the breadth of expertise involved.

With the specific aim of creating open-source protocols for blockchain development, its efforts have already resulted in a number of developments, including proofs-of-concept models for blockchain use cases.

As the technology continues to mature, and more industries start to benefit from the unique properties of distributed ledger technology, it is expected that Hyperledger’s protocols will become cemented as the core development infrastructure for blockchain applications.

The news comes in the same week as one key member, Fujitsu, began fleshing out the details of plans for commercializing its work on the project so far.

It follows steps by other high-profile members to develop solutions on the Fabric framework, following its first public release on July 11.

The new technical team will be responsible for overseeing the direction of research efforts in the months ahead, at what analysts regard as a pivotal moment in the development cycle of the technology.