Hyperledger, the blockchain backed by the Linux Foundation, has just added five new members to its portfolio. Before these additions, they landed China’s search engine giant Baidu and business network company Tradeshift. Hyperledger has now opened its doors to Dubai-based holding company Majid Al Futtaim, cognitive solutions and cloud platform Cognition Foundry, Beijing Xizomi Mobile Software, Indian IT firm Wipro, and general members Robert Bosch GmbH.
Hyperledger now has over 170 organizations in various industries including banking, finance Internet of Things (IoT) and more. They seek to build diverse platforms based on open-source distributed ledger frameworks, to accommodate all of their members’ differences.
Executive vice president of Bosch, Donya-Florence Amer, states her firm identifies blockchain as a crucial technology in its push to become more loT-focused.
She said, “Hyperledger as the blockchain derivate focusing on industrial usage is key for us. Bosch has its strength in the full stack of IoT devices, cloud services for data storage and processing, experience in delivering critical software, and industrial processes with strong partnerships. We are very much looking forward to working with and to contributing to this alliance.”
Brian Behlendorf, the executive director of Hyperledger, said the flow of members joining the group indicates Hyperledger is heading in the right direction and highlights the importance of blockchain in business solutions.
In the official announcement, Hyperledger stated it’s in the process of developing eight new business blockchain technologies.
Featured Image: twitter