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Hyperledger Makes Major Impact On Global Blockchain Projects

Most of the global blockchain projects are relying on Hyperledger these days as it gained immense popularity in the industry. The consortium of Hyperledger has been growing continuously with the recent addition of 16 new members. Hyperledger Global Forum in Basel, Switzerland added some of the big names across the world which will play a vital role in the recognition of this domain.

The novel members of the community are trade finance blockchain platform We.Trade, cloud computing firm Alibaba Cloud, financial services giant Citigroup, the largest telecommunications provider in Europe Deutsche Telekom. There are a total of 260 members in this consortium that look forward to the deployment of blockchain technology in the best possible way within their respective domains.

Hyperledger executive director Brian Behlendorf stated that the growth of Hyperledger community signifies that the enterprises are seeking more details about the open source and global blockchain technology that is available in the market. He further added that there is widened interest in DLT and Hyperledger as mentioned by CoinDesk.

In another update, the American computer hardware manufacturer Seagate is also going to embed hyperledger blockchain to reduce the counterfeit hardware infiltrating within their supply chain. There are many more such names joining the Hyperledger bandwagon these days.

What Is Hyperledger?

According to CryptoGlobe, for those who don’t know Hyperledger, it is an open source platform created for enhanced cross-industry blockchain operations. The platform is hosted by Linux Foundation and US-based IT giant IBM facilitates services using this basic platform dubbing it as Hyperledger Fabric version of the software. This version of the software has been successfully integrated with other enterprise ledgers lately.

The demand of global blockchain technology is significantly rising over with the time. Certainly, 2018 has been a great year for blockchain as there was a major announcement done along with its acceptance by several world leading companies.

[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]
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Neha graduated in Electronic Media and has worked with Times group for 3 years with an overall experience of 6 years. She is passionate about learning languages and is a certified French Language Expert and IELTS Trainer. Neha writes breaking cryptocurrency news stories for OWLT Market.

  1. Samsung Singh

    December 13, 2018

    nice article

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