Hyperledger China held its first public meeting to discuss the formulation of blockchain industry standards

On the evening of June 28, the first Hyperledger Project China meetup was held at Tsinghua Unigroup International Exchange Center in Beijing. Brian Behlendorf, executive director of the Hyperledger Project, Da Hongfei, founder of Onchain, Han Feng, mentor of Tsinghua University iCenter, Shentu Qingchun, executive vice secretary general of Golden Chain Alliance, and guests from many giant companies such as IBM attended the meetup.

At this meeting, Brian Behlendorf shared with the guests what kind of healthy open source community Hyperledger hopes to build and how to achieve it, and discussed with everyone how a healthy open source community grows.

The Hyperledger Project started in December 2015 with the goal of establishing a transparent, shared, decentralized distributed ledger technology. The members of the Hyperledger Project are a dream team in the field of financial technology, including technology giants such as IBM, Accenture, Intel, and Cisco, as well as financial giants such as JP Morgan, Wells Fargo, and CME. So far, Hyperledger has brought together more than 80 financial, technology, and blockchain technology companies around the world, all of which are industry leaders in their respective fields.

In May this year, Onchain, a Chinese blockchain startup, announced that it had officially joined the Hyperledger project, becoming the first blockchain technology company from China to join the project. This Hyperledger Project meetup was also hosted by Onchain.

Talking about joining the Hyperledger project, Onchain founder and CEO Da Hongfei said:

“We contribute Ant’s open source code and experience in line with Chinese rules, and absorb cutting-edge technology and global concepts. Joining Hyperledger will help Onchain develop enterprise-level blockchain solutions and accelerate the implementation of blockchain industry in Chinese enterprises.”

At the meeting, Lin Yonghua from IBM mentioned that IBM is building cloud services on the blockchain. Since IBM announced its participation in the Hyperledger project at the end of last year, its progress has been amazing.

At the blockchain summit held last week, Dong Ning, the founder of the IMB openblock community, also shared some of IBM's explorations in blockchain. IBM will build an open blockchain industry ecosystem and is expected to release a formal commercial version of the application in the near future. IBM has contributed 44,000 lines of code to the Hyperledger, which already includes the complete Blockchain Fabric function. As the largest blockchain open source community, IBM will continue to help build an open blockchain. At the same time, he revealed,

Currently, IBM China System Center has built an IBM blockchain environment based on a high-performance cloud platform, which partners can build and test for free.

The meeting also arranged a roundtable discussion session. When talking about the standard setting of blockchain, Shentu Qingchun, the executive deputy secretary-general of the newly established Golden Chain Alliance, said:

At present, since blockchain technology is in its infancy, it is too early to formulate blockchain industry standards. In China, organizations such as the Golden Chain Alliance will promote the formulation of domestic blockchain standards, but the final blockchain standard setter is likely to be the central bank. At the same time, the recent attacks in the community are also a good thing, which can enable blockchain developers to discover fatal problems in smart contract applications and take preventive measures in the design and development of alliance chains in the future to avoid or deal with similar problems in a timely manner.