Bitcoin
$60,168.50-2.19%
Ethereum
$2,900.03-3.23%
Binance Coin
$527.97-2.12%
Solana
$130.43-1.74%
XRP
$0.47358079-3.87%
Toncoin
$6.32+3.47%
Dogecoin
$0.14094141-4.37%
Cardano
$0.42880517-3.97%
Shiba Inu
$0.00002104-4.97%
Avalanche
$32.24-4.59%
Tron
$0.10614270-3.42%
Wrapped Bitcoin
$59,558.99-1.11%
PlayIconNav
Crypto Prices CoinDesk 20 Index CoinDesk 20 Index
Consensus 2024Price Increase Extension Ends In
01
DAY
17
HR
29
MIN
16
SEC
Markets

Spanish Bank BBVA Joins Hyperledger Blockchain Project

Spanish banking conglomerate BBVA has become the latest member of the Hyperledger blockchain project.

By Garrett Keirns
AccessTimeIconMar 28, 2017 at 4:09 p.m. UTC
Updated Dec 10, 2022 at 3:18 p.m. UTC
BBVA
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Spanish banking group BBVA has become the latest member of the Hyperledger blockchain project.

Two representatives of BBVA will officially join the initiative, connecting the conglomerate with the 100-plus startups and businesses already involved.

The move marks the third umbrella-style blockchain project the bank has joined, as it's an existing member of both the R3 distributed ledger consortium and the Enterprise Ethereum Alliance. The bank has also moved to invest in the space, given that BBVA Ventures, the bank’s private equity subsidiary, took part in in Coinbase’s $75m funding round in January 2015.

Carlos Kuchkovsky, new digital business CTO for BBVA, said in a statement:

"We believe that Hyperledger will be fundamental to ensuring standardization and interoperability in the different technologies and platforms that will make blockchain a powerful tool that will transform business processes and social relationships."
The agreementhttps://www.bbva.com/en/news/economy/financial-and-commercial-services/fintech/bbva-joins-hyperledger-top-open-source-blockchain-community/ with the Linux Foundation, which backs the Hyperledger project, will see BBVA share and collaborate on code, as well as work with representatives from other firms.

Hyperledger has added a range of new members in the past several months. Notable entrants include the Federal Reserve Bank of Boston and the Bank of England, two central banks which joined the initiative in late February. Since the start of the year, companies like American Express and Daimler AG have also moved to take part.

Image Credit: Hadrian / Shutterstock.com

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.