The Cardano news today show that the Hyperledger project has attracted eight new members, spanning firms that are working on blockchain-based supply chain solutions, payments, and token standardization. The Cardano Global Blockchain Business Council and IOHK are now part of the Hyperledger consortium which works on open-source enterprise solutions using blockchain.
The distributed ledger technologies (DLT) is something that Hyperledger primarily focuses on. Launched in December 2015 by the Linux Foundation, this project has since revealed multiple contributions from firms like IBM, Intel and other leading tech giants that are now exploring blockchain applications.
Meanwhile, the blockchain veterans among the new members include IOHK – which is the company behind Cardano (ADA) – as well as IOV Labs (formerly RIF Labs) and the crypto payments platform Public Mint.
The Cardano Global Blockchain Business Council is now part of Hyperledger, but it is not the only project in the list. DB Systel GmbH is a digital-oriented subsidiary of the German railway company Deutsche Bahn. As they revealed, they are together working on applications for distributed ledger technologies in the contest of mobility services, logistics supply chains and rail control systems.
“As our line-up of new members underscore, the Hyperledger community is about putting blockchain to work in impactful ways around the world and across industries,” said Brian Behlendorf, who is the Executive Director at Hyperledger.
Among other notable associations, we can now see the Cardano Global Blockchain Business Council (GBBC) and the InterWork Alliance as new associates. The latter launched earlier this month with the aim of establishing standardized frameworks across platforms that support distributed applications and tokens.
The GBBC works in order to engage lawmakers, publish research on tokenization and promote its Global Blockchain Standards Initiative. Earlier this month, we saw how Hyperledger established an alliance with Microsoft and IBM to develop global standards for tokenized ecosystems. The IWA chairman Marlay Gray emphasized the importance of widespread standardization in this solution, covering the solution in the cryptonews and stating:
“Without a standardized set of common terms, definitions and business level specifications, developers have to interpret inconsistent business requirements and translate them to write code for every blockchain platform and each token standard for a token-based business use case to work. This complexity makes wide-scale adoption difficult.”
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]
Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
DC Forecasts - Newsletter and get recent news directly to your inbox! Daily Newsletter Bitcoin NewsAltcoin NewsLitecoin NewsEthereum NewsBlockchain NewsBitcoin ScamsRegulationExpert AnalysisPress ReleasesCardano NewsRipple NewsLibra NewsBitcoin Cash NewsTron NewsNexo NewsVechain NewsStellar NewsTezos NewsBinance Coin NewsCoinbase NewsChainLink NewsEOS NewsIOTA NewsTether NewsBitcoin SV NewsMonero NewsEthereum Classic NewsDash NewsUNUS NewsCosmos NewsMECX Token NewsNEO NewsDC Forecasts Announcements
Daily Newsletter Bitcoin NewsAltcoin NewsLitecoin NewsEthereum NewsBlockchain NewsBitcoin ScamsRegulationExpert AnalysisPress ReleasesCardano NewsRipple NewsLibra NewsBitcoin Cash NewsTron NewsNexo NewsVechain NewsStellar NewsTezos NewsBinance Coin NewsCoinbase NewsChainLink NewsEOS NewsIOTA NewsTether NewsBitcoin SV NewsMonero NewsEthereum Classic NewsDash NewsUNUS NewsCosmos NewsMECX Token NewsNEO NewsDC Forecasts Announcements
DC Forecasts provides a comprehensive source of the latest news about cryptocurrency news daily. Read more on our about us page for details.