Blockstream Among 10 New Firms to Join Hyperledger Blockchain Project

Bitcoin development startup Blockstream is among 10 firms that have joined the Hyperledger blockchain project.

AccessTimeIconMar 29, 2016 at 7:29 p.m. UTC
Updated Sep 11, 2021 at 12:12 p.m. UTC
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

Bitcoin development startup Blockstream is among 10 new companies that have joined the open-source Hyperledger blockchain project led by the Linux Foundation.

, the group of new entrants features a number of startups focused on bitcoin and blockchain services, including Bloq, eVue Digital Labs, Gem, itBit and Ribbit.me.

Consultancy Milligan Partners; payment software developer Montran Labs; intellectual property holdings company Tequa Creek Holdings; and global news service Thomson Reuters have also joined the initiative, which officially launched in December.

Linux Foundation executive director Jim Zemlin said in a statement:

"The opportunity is great. This leadership team and the community investments among members across industries put the project in the best position possible to accomplish its mission."

The project also formally unveiled its governing board, which is chaired by blockchain startup Digital Asset Holdings CEO Blythe Masters. The Hyperledger technical steering committee has already been established and has since held several meetings.

Other governing board members include itBit CEO Charles Cascarilla, IBM vice president of blockchain technologies Jerry Cuomo and JPMorgan head of new product development and emerging technologies Santiago Suarez.

With the announcement, 40 established companies and startups are now working on the Hyperledger project, following an announcement in February that added a number of financial firms as well as blockchain-focused startups.

To date, the project has seen a number of developments, including presentations by JPMorgan and Intel, the latter of which developed an internal blockchain application centered on a fantasy sports marketplace.

More recently, the technical steering committee came close to officially approving a plan to merge code contributed by Blockstream, Digital Asset and IBM.

Gumball spoon image via Shutterstock

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.