The Linux Foundation announces completion of leadership for open source blockchain project Hyperledger

The open source movement can be traced back to 1997, when Eric Raymond published an article titled "The Cathedral and the Bazaar". The article reflected the hacker community and free software principles of the time. In 1998, the article received great attention and became an important factor in promoting the release of the free Internet suite Netscape Navigator. Netscape's software source code later became the backbone of many search engines, including Firefox.

Today, open source software refers primarily to computer software that has underlying source code that anyone can use or modify. The copyright owner typically grants everyone a license to study, change, and distribute the software for a variety of purposes.

The 2015 Future of Open Source Survey, which surveyed more than 1,300 respondents from software organizations and open source communities and was sponsored by Black Duck Software, shows that the number of companies using and participating in open source software has reached an all-time high.

78% of respondents said their company's operations are all or partly based on open source software, and 66% of respondents said they would prefer to use open source software. In addition, 88% of companies expect to increase their investment in open source projects in the next two to three years.

"Open source software can speed up company development, reduce costs, increase innovation and improve efficiency. It is a revolutionary technology. - Black Duck Software"

Bitcoin is an open source project first proposed by Satoshi Nakamoto in 2008. The peer-to-peer electronic cash system he described in his white paper has been studied by hundreds of people and has been modified countless times.

At the same time, Bitcoin has inspired many other collaborative projects, one of which is the Hyperledger project, which was originally designed to improve the underlying Bitcoin technology by validating and solving important functions under cross-industry open standards.

“By creating a cross-industry open standard for distributed ledgers, virtually all digital value exchanges, such as real estate contracts, energy transactions and marriage certificates, can be tracked and traded securely and efficiently. - Hyperledger”

However, the Hyperledger trademark has been donated by Digital Asset Holdings to the Linux Foundation in February this year. The Linux Foundation is a non-profit technology trade association established after the merger of the Open Source Development Laboratory and the Free Standards Organization in 2007.

"The Linux Foundation protects and promotes the ideals of freedom and generosity developed through Linux, and shares those ideals to power efforts that make life better. - The Linux Foundation"

Yesterday, the Linux Foundation announced that it had completed the deployment of key leadership positions for the Hyperledger project through a member vote and welcomed other new members to join.

The governance model of the Hyperledger project is open. Technical leadership is provided by the Technical Steering Committee (TSC), while project management, marketing, and operational decisions are made by the Board of Directors.

The TSC committee is chaired by Chris Ferris, CTO and engineer at IBM Open Technologies. The remaining seats are held by Tamás Blummer of Digital Asset Holdings, Mic Bowman of Intel, Richard Brown of R3, Stanislav Liberman of CME, Hart Montgomery of Fujitsu, Satoshi Oshima of Hitachi, Stefan Teis of Deutsche Börse, Emmanuel Viale of Accenture, Pardha Vishnumolakala of DTCC, and David Voell of JPMorgan Chase.

The chairman of the board is Blythe Masters, CEO of Digital Asset Holdings, and other board members are from senior companies such as IBM, SWIFT, Fujitsu Japan, and JPMorgan Chase.

“Open oversight and verification models are critical to shared infrastructure.” - Digital Asset Holdings

In addition, 10 other companies will also join the Hyperledger project, including: Blockstream, Bloq, eVue Digital Labs, Gem, itBit, Milligan Partners, Montran Labs, Ribbit.me, Tequa Creek Holdings and Thomson Reuters.

Jim Zemlin, Executive Director of the Linux Foundation, said:

“The breadth of industry representation and leadership involved is unprecedented in advancing open blockchain. The Hyperledger Project is one of the fastest growing projects at the Linux Foundation and represents a great opportunity for growth. The investment from the leadership team and cross-industry community members provides the best conditions to achieve the project’s goals.”

Jim Zemlin

Original article: http://bravenewcoin.com/news/open-source-blockchain-project-hyperledger-settling-it-at-the-linux-foundation/
Author: B.Holmes
Compiled by: Kyle
Source (translation): Babbitt Information (http://www.8btc.com/hyperledger-linux-foundation)