VR Firm YDreams Global Joins Hyperledger Blockchain Consortium

Virtual reality firm YDreams Global Interactive Technologies has become the latest member of the Linux Foundation-backed blockchain consortium Hyperledger.

With the move, the company joins other other recent additions to the blockchain group, including search giant Baidu, Tradeshift, Bosch and Oracle, among others.

The announcement comes as the firm also reveals that it is expanding its blockchain, ICO and and cryptocurrency development, according to a press release.

YDreams Global's CEO, Daniel Japiassu, indicated that the technology company plans to apply these developments towards its virtual reality content and distribution worldwide.

Japiassu said:

"It is important to note the significance of blockchain and cryptocurrencies such as bitcoin and ethereum to the future of the company and the growth of the virtual reality contents created by YDreams."

Hyperledger, an open-source effort set up to develop cross-industry blockchain technologies, has drawn members from various industries including banking, "internet of things" and supply chain, among others.

Handshake image via Shutterstock

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