Tradeshift Joins Hyperledger Blockchain Consortium as Premier Member

Business network platform Tradeshift has joined the Hyperledger blockchain project as its latest premier member.

By Sujha Sundararajan

Oct 16, 2017 at 9:15 a.m. UTC

Updated Sep 13, 2021 at 7:02 a.m. UTC

Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.

Secure Your Seat

Sujha Sundararajan

Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.

Secure Your Seat

Hyperledger, the Linux foundation-backed blockchain consortium for enterprises, has added business network startup Tradeshift as a premier member.

With the announcement, Tradeshift, which helps companies send and pay invoices using its cloud service, joins other Hyperledger premier members including Accenture, American Express, Cisco, IBM and JPMorgan Chase.

In statements, Tradeshift indicated that, in joining the group, it seeks to explore open blockchain technology in order to accelerate innovation in B2B commerce.

The company's CTO and co-founder, Gert Sylvest, who will be representing Tradeshift on the Hyperledger governing board as part of the membership deal, said:

"We're excited to join Hyperledger and further our investment in distributed ledger technology through such a collaborative and innovative model. In an industry that is continuously transforming, we look forward to contributing to an effort that matches our own values surrounding community, collaboration, interoperability, and openness."

Brian Behlendorf, executive director of Hyperledger, said the startup shares Hyperledger's vision of building common blockchain technology that allows organizations to create and run robust, industry-centric applications and platforms.

The Hyperledger project now boasts over 160 members from industries across finance, healthcare, credit card services, the Internet of Things and aeronautics, among others.

Skyscrapers image via Shutterstock

DISCLOSURE

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

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Sujha Sundararajan

Learn more about Consensus 2023, 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.

Sujha Sundararajan