Linux Foundation's Hyperledger Project Announces 30 Founding Members and Code Proposals to Advance Blockchain Technology

SAN FRANCISCO, CA--(Marketwired - February 09, 2016) -  The Linux Foundation, the nonprofit organization enabling mass innovation through open source, today is announcing new members from across the industry, a formal open governance structure and technical updates to the new Hyperledger Project.

The intent to form the Hyperledger Project, an open source project to advance the blockchain digital technology for recording and verifying transactions, was announced at the end of 2015. Founding members of the initiative represent a diverse group of stakeholders, including: ABN AMRO, Accenture, ANZ Bank, Blockchain, BNY Mellon, Calastone, Cisco, CLS, CME Group, ConsenSys, Credits, The Depository Trust & Clearing Corporation (DTCC), Deutsche Börse Group, Digital Asset Holdings, Fujitsu Limited, Guardtime, Hitachi, IBM, Intel, IntellectEU, J.P. Morgan, NEC, NTT DATA, R3, Red Hat, State Street, SWIFT, Symbiont, VMware and Wells Fargo. 

Global Business Leaders Contribute to Hyperledger

Since announcing the intent to form in December, the Hyperledger Project has received proposed code and technology contributions from several companies, including Blockstream, Digital Asset, IBM and Ripple. Other community members are contemplating contributions of their own.

As with all open source projects, technical contributions are welcome at any time, from anyone and will be reviewed by the newly formed Technical Steering Committee (TSC), which is comprised of industry-leading technical experts. The TSC is committed to open and transparent discussion, processes and decision-making. 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.

Digital Asset has donated the trademark for the 'Hyperledger' name to the Linux Foundation. Use of the mark will be managed exclusively by the Governing Board of the Hyperledger Project with the approval of the Linux Foundation.

The Hyperledger Project is a collaborative effort to focus on an open platform that will satisfy a variety of use cases across multiple industries to streamline business processes. Peer-to-peer in nature, distributed ledger technology is shared, transparent and decentralized, making it ideal for application in finance and countless other areas such as manufacturing, banking, insurance and the Internet of Things. By creating a cross-industry open standard for distributed ledgers, virtually any digital exchange with value, such as real estate contracts, energy trades, marriage licenses, can securely and cost-effectively be tracked and traded.