French airplanes manufacturer, Airbus, officially joined the Hyperledger Project, a blokchian intitative launched by the Linux Foundation almost a year ago.
Hyperledger Project, a collaborative effort aimed at advancing the blockchain technology, has announced it signed up Airbus, one of the leading airplane producers, as a premier member of the project. The company will take active part in the further development of the project.
“It’s very gratifying to see leading organizations like Airbus join the project, as it shows the immense interest in blockchain technology and that it has the potential to make an impact beyond just the typical financial and healthcare applications,” said Brian Behlendorf, Hyperledger Executive Director.
“A key factor to the project’s success will be member expertise and guidance, and as such, I look forward to collaborating with the bright team at Airbus to drive this technology forward.”
Hyperledger project is the blockchain consortium of the leaders within the finance, internet of things, technology, and banking industries. The initiative is targeted at creating a cross-industry open standard for distributed ledgers that will allow companies to develop industry-specific apps, as well as hardware platforms for their business transactions. The cross-industry open blockchain platform will provide businesses with a cost-effective and secure way to track and trade information.
Airbus is the latest company to join the list of Hyperledger’s premier members, which already include Intel, IBM, JP Morgan, Fujitsu, R3 CEV, Accenture, Deutsche Borse Group, DTCC, Hitachi, Digital Asset Holdings, and CME Group. In February, two months since the launch of the initiative in late 2015, the consortium unveiled code proposals and announced new members joining the initiative.
Blockstream, Bloq, eVue Digital Labs, Gem, itBit, Milligan Partners, Montran Labs, Ribbit.me, Tequa Creek Holdings and Thomson Reuters joined the project in March. Right now, Hyperledger can boast about 80 members
Airbus, which is based in Toulouse, France, is the major aircraft producer with over 150 field service offices across the globe. Last year, it sold more than one thousand airplanes, surpassing its main competitor the Boeing Company.
The company has subsidiaries in Japan, the Middle East, the US and India. Besides, it owns training and engineering centres in Hamburg, Miami, Toulouse, Beijing, Wichita and Bangalore, and has spare parts centres in Beijing, Frankfurt, Washington, Dubai, Singapore and Hamburg.
The partnership demonstrates the growing interest of the airline sector in the technology underlying bitcoin. A few months ago, another blockchain startup ShoCard partnered with SITA, an IT firm working for the air transport industry, to build an app for the management of traveler identity.