Daimler AG has become one of 115 members of the Hyperledger Project working on the creation of common distributed ledger technology.

Daimler AG, one of the world’s most successful automotive companies, has joined the Hyperledger Project as a Premier member. Jonas von Malottki, Head of the Department for Finance and Controlling IT Solutions within the Daimler IT Group Functions, will represent the company on the Hyperledger Governing Board.

“Having one of the world’s leading industrial and transport companies join Hyperledger is very exciting,” said Brian Behlendorf, Executive Director, Hyperledger. “The diversity of our membership continues to grow, demonstrating that blockchain technology has the potential to impact many industries and transform the way business processes are handled. I’m looking forward to the contributions and skills Daimler’s team brings to the project.”

The Hyperledger Project is a collaborative effort launched to advance blockchain technology by identifying and addressing important features for a cross-industry open standard for distributed ledgers. The aim is the development of common distributed ledger technology so that companies could build and run robust, industry-specific applications, platforms and hardware systems to support their individual business transactions.

As for now, more than 115 members from different industries including finance, healthcare, the Internet of Things, credit card services and aeronautics among others have joined the project.

We see Blockchain as a promising technology, not fully mature yet, but continuously growing. Now is the right time to get into it, build up knowledge and form a network of like-minded people to share experiences,” said Jan Brecht, CIO, Daimler AG. “By joining Hyperledger, we are confident to do the right step towards this direction.”

“Being a part of Hyperledger allows us to collaborate with a global network of experts in order to build the cross-industry blockchain standard, for customers, supply chain, digital services, financial services and financing tools,” said Kurt Schäfer, Head of Treasury at Daimler AG. “We look forward to joining this community.”

Daimler AG is one of the biggest producers of premium cars and the world’s biggest manufacturer of commercial vehicles with divisions Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses and Daimler Financial Services. Daimler focuses on future-oriented topics striving to improve its core business.

At the very end of December, Hyperledger Project welcomed eight new members including CA Technologies, Factom Foundation, Hashed Health, Koscom, LedgerDomain, Lykke, Sovrin Foundation and Swisscom.

“We’re looking forward to being part of the Hyperledger project,” said Richard Olsen, founder and CEO of Lykke, one of the new members. “Our company is building a digital asset exchange. Right now, we’re implemented on the Bitcoin blockchain settlement layer, with Ethereum to come within the next few months, but our involvement with Hyperledger isn’t just the next step forward. Providing decentralized settlement on the Hyperledger blockchain with multisignature wallets and atomic swap transactions will benefit both of our user communities.”

Share This article

We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Coinspeaker Ltd.