The Linux Foundation’s blockchain project has grown to 30 member companies

The Linux Foundation-led distributed ledger initiative has grown to 30 member companies. The Hyperledger project, formerly known as the Open Ledger Project, had 20 members when it was first announced in December, including Cisco, IBM, blockchain companies DAH and R3CEV.

New members represent a diverse range of financial and technology players, including ABN AMRO, BNY Mellon, Calastone, CME Group, ConsenSys, Guardtime, Hitachi, IntellectEU, NEC, NTT Data, Red Hat, and Symbiont.

Jim Zemlin, technical director of the Linux Foundation, said in a statement that the new participants demonstrate the need for open standards in the distributed ledger industry, and that the Hyperledger project is expected to help the technology connect to the enterprise market in a similar way to the Linux open source operating system.

Zemlin said:

“Our new members have a huge advantage in exploring the path forward for their own blockchains, and even the world’s largest companies may not be able to keep up with them. Such a broad effort and investment will have a huge impact on our personal and professional lives.”

So far, the Linux Foundation says the project has received code contributions from Blockstream, IBM, Ripple and Digital Asset, the latter of which has already released some details about the code.

Other community members said they were considering contributing to the plan, which will then be reviewed by the foundation’s Technical Steering Committee (TSC) to promote transparent decision-making.

“This group will be responsible for the technical direction of the project and manage contributions to the codebase,” Zemlin said. “The Technical Steering Committee will evaluate proposed contributions and work with an open community to build an initial and unified codebase.”

An independent board of directors will reportedly be responsible for managing the project’s intellectual property, such as the Hyperledger brand name.

In addition, the Hyperledger project will also guide business decisions and marketing direction by electing a board of directors, and nominations are now open.

Original article: http://www.coindesk.com/linux-foundation-led-hyperledger-project-swells-to-30-members/
By Pete Rizzo
Translator: Overnight porridge
Source (translation): Babbitt Information (http://www.8btc.com/hyperledger-30-members)