Hyperledger and Digital Trade Association Partner to Promote Blockchain Advocacy and Education

As the world prepares to see a host of financial and record-keeping applications enabled by blockchain, the technology’s veteran backers are already taking on the heavy lifting of bringing it to a wider market.

The Hyperledger project, led by the Linux Foundation, aims to promote cross-industry blockchain applications. Recently, Hyperledger announced a formal partnership with the Council for Digital Commerce (CDC), an extremely active business group composed of blockchain industry participants dedicated to promoting blockchain technology.

It is reported that after the cooperation, both parties will work together to promote and educate blockchain technology. Most members of the Hyperledger and Digital Trade Association are government agencies and industry giants, and such companies are expected to help them achieve the above goals.

Hyperledger has rich technical expertise, while the Digital Trade Association is good at dealing with public policy. The two sides will focus on issues such as public policy, intellectual property, global regulation and technical interoperability. The active cooperation between the two sides in the above areas will help create industry standards for blockchain applications, further promote the development of this technology, and help it go mainstream.

Brian Behlendorf, Executive Director of the Hyperledger Project, commented on the collaboration:

Active collaboration and engagement between governments and the open source blockchain technology community is critical for the further adoption of emerging platforms and tools...We are delighted to welcome the Digital Trade Association as a partner in the Hyperledger Project. Their expertise in policy will definitely help achieve our goal of developing open source blockchain technology.

The active participation of government agencies in blockchain R&D and deployment can increase other companies’ confidence in the technology. As government agencies gain a deeper understanding of this emerging technology, they will also play an important role in blockchain legislation and regulation. Blockchain will benefit from government policies and accelerate its expansion.