Hyperledger Blockchain Consortium Adds Bosch, Wipro and More as New Members

Hyperledger blockchain consortium has added five new members to its roster of over 170 organizations, including Bosch and Wipro.

AccessTimeIconOct 24, 2017 at 12:00 p.m. UTC
Updated Sep 13, 2021 at 7:04 a.m. UTC

Linux Foundation-backed blockchain consortium Hyperledger has added five new members to its portfolio.

Following the recent additions of China's search engine giant Baidu and business networking company Tradeshift, Hyperledger has now opened its doors to general members Robert Bosch GmbH, Indian IT firm Wipro, Beijing Xiaomi Mobile Software, cognitive solutions and cloud platform Cognition Foundry, and Dubai-based holding company Majid Al Futtaim.

Aiming to build a range of applications and platforms based on open-source distributed ledger frameworks, the new additions mean Hyperledger now has more than 170 member organizations from across various industries including finance, banking, Internet of Things (IoT) and more.

According to Donya-Florence Amer, executive vice president at Bosch, her firm recognizes blockchain as a "key" technology in its push to become more IoT-focused.

She said:

“Hyperledger as the blockchain derivate focusing on industrial usage is key for us. Bosch has its strength in the full stack of IoT devices, cloud services for data storage and processing, experience in delivering critical software, and industrial processes with strong partnerships. We are very much looking forward to working with and to contributing to this alliance.”

Brian Behlendorf, executive director of Hyperledger, said the flow of members joining the group indicates Hyperledger is heading in the right direction, and highlights the importance of blockchain in business solutions.

In its announcement, Hyperledger also indicated it is currently developing eight business blockchain technologies including Fabric, Iroha and Sawtooth, among others.

Handshake 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.

Trending

1
CoinDesk - Unknown
How Are Institutions and Companies Investing in Crypto?

From putting bitcoin on their balance sheets to setting up shop in the metaverse, the ways brands and institutions are investing in cryptocurrencies continues to expand.

CoinDesk - Unknown
2
CoinDesk - Unknown
Consensus 2022: Hollywood, Colleges, Conferences vs. Crypto

The state of crypto and economics live from Consensus 2022 in Austin, Texas.

CoinDesk - Unknown
3
CoinDesk - Unknown
Bitcoin se estabiliza cerca de $21K; inversores esperan evitar otra caída el fin de semana

Los analistas se cuestionan si BTC podrá mantenerse por encima del umbral de $20.000 en un clima de desconfianza entre los inversores.

CoinDesk - Unknown
4
CoinDesk - Unknown
Market Wrap: From GBTC Discount to Short Bitcoin ETF, Traders See Reasons for Optimism

It's hard to imagine that data showing traders piling into a trade designed to profit from further bitcoin price declines might be bullish, but that's how some analysts are interpreting the signal.

CoinDesk - Unknown