Cardano Global Blockchain Business Council Joins Hyperledger

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.”