Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
The new members, including such giants as Microsoft and Salesforce, joined Hyperledger to focus on creating enterprise-grade blockchain solutions for different industries and business sectors.
On Tuesday, June 18, Hyperledger announced eight new members joining its platform with two among them being the world’s top-10 software companies by revenue, Microsoft and Salesforce. Other members joining Hyperledger include a Polish tech company named Gloscad, a Russian palladium producer Norilsk Nickel (Nornickel), and also a U.S.-based consulting firm Milligan Partners.
Hyperledger is a multi-venture project of open source blockchain project started by the Linux Foundation in December 2015. Hyperledger allows businesses to create industry-specific applications and platforms with open source code base and distributed ledger frameworks. Brian Behlendorf, Executive Director, Hyperledger expressed optimism over the joining of new members. He said:
“Our new members illustrate the breadth of organizations that see the value of contributing to the Hyperledger community. The mix of blue-chip technology companies, international organizations, logistics, and manufacturing players and academia that have joined us from all around the world show the widespread interest and investment in open source enterprise blockchain technologies.
This broad-based involvement is what drives our expanding portfolio of open source projects, which are fully conceived, developed and advanced by the ever-growing Hyperledger community.”
Enterprise Blockchain solutions have been getting enough steam and big tech organizations are working diligently to introduce new solutions.
Microsoft’s Push for Blockchain
Microsoft has been since long working on blockchain projects and has helped companies across multiple industries. Last month in May 2019, it collaborated with GE Aviation for blockchain-based supply chain tracking. Besides, it has also worked with banking giants like JPMorgan to help their improvise their native blockchain platform.
By merging the newly developed blockchain solutions with its Azure cloud services, Microsoft is currently focusing on the decentralized identity market. The company is also working with the Decentralized Identity Foundation (DIF).
Note that Microsoft is already having its Hyperledger Fabric service offering on the Azure cloud platform. By joining the Hyperledger platform the company will further strengthen its relationship, and more importantly, it will also be working with its rival IBM.
Salesforce – Making a Big Entry in Blockchain
Last month, in a bid to extend the power of its Clients Relations Management (CRM), Salesforce unveiled its local blockchain solution developed on the Hyperledger Sawtooth platform. Moreover, Salesforce has already got three clients testing their blockchain solutions.
Some of the most probable use-cases of the Salesforce Blockchain include money transfers, medical record storage, and supply chain management. Speaking to CoinDesk, senior director for engineering at Salesforce Emerging Technology, Ramya Subramani said:
“We needed a technology that could be deeply customized with our Lightning Platform, and Hyperledger Sawtooth provided us with the robust flexibility to implement our customization”.