Hyperledger Project continues to attract new companies, with the overall number of members now accounting for more than 120 organizations.

A collaborative cross-industry effort aimed at advancing the blockchain technology, Hyperledger Project, has announced that 11 new companies have joined the project to take part in developing an open blockchain standard for the new generation of transactional applications.

“Growth and interest in Hyperledger remain high in 2017. We’re now at 122 members and seeing even more diverse organizations across industry sectors invest their energy and resources in understanding how blockchain technology can strengthen their own business processes,” said Brian Behlendorf, Executive Director of Hyperledger.

“This new set of members’ combined backgrounds and experiences will be invaluable to the community, as we strive to increase production deployments through this year.”

The new members include Bank of England, Bitmark, China Merchants Bank, Federal Reserve Bank of Boston, Initiative for CryptoCurrencies and Contracts (IC3), Kaiser Permanente, Kubique S.p.A., MadHive, Monax, OSCRE and RadarWin Cyber Technology.

Last month, Hyperledger Project welcomed Daimler AG and American Express as its Premier members.

“It is a great pleasure to join Hyperledger,” said Tianhong Zhou, General Manager of the IT Department at CMB. “Blockchain has great influence and development potential in the banking industry, and we are proud to be part of the effort to advance the application of Hyperledger to innovate the business of banking and improve financial services.”

Bitmark CEO, Sean Moss-Pultz, noted the company is honored to be part of the project and added: “Data is the next major asset class and property rights will be a critical component of a healthy digital environment. We look forward to making it happen together!”

The community includes leaders from banking, manufacturing, supply chain, technology, IoT, finance, and other sectors. Announced in 2015, Hyperledger aims to develop an open source distributed ledger framework to enable companies build robust, industry-specific applications, hardware systems and platforms to support their individual business transactions.

Six months ago, Hyperledger Project added 17 new companies and at the end of 2016 attracted 8 new members, what enabled the community to reach 100 members in less than a year. Currently, it includes more than 120 organizations.

The increasing number of participating companies is just another sign of the growing interest in the blockchain technology. A few days ago, a group of leading banks and technology companies announced a new alliance, which is focused on the promotion and development of the Ethereum blockchain applications. Called Enterprise Ethereum Alliance, the group includes Microsoft, Intel, Banco Santander, BNY Mellon, J.P. Morgan, and other companies.

Last year, Hyperledger Project announced its new distributed ledger project called Iroha. The aim of the project is to provide a development environment where C++, web, and mobile application developers will be able to contribute to the Hyperledger Project.

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