Hyperledger Receives Eight New Members Including IOHK and GBBC

Some firms have recently joined Hyperledger. These firms, totaling 8 in number, are leaders in supply chain solutions, tokenization and payments.

Eight companies have joined Hyperledger. Some of them are firms that are working on standardizing tokens.

Hyperledger is an association of several companies which shares open-source software through Distributed Ledger Technology (DLT). Hyperledger was established by Linux Foundation in December 2015 but also receives support from IBM, Intel and some other important firms in blockchain technology.

Some of the members that just joined include IOHK, the inventor of Cardano (ADA), IOV Labs and Public Mint. Public Mint is a crypto payment platform.

In addition, a consulting and PR firm in Japan, Binarystar, just joined. TokenTrust AG’s startup known as Atomyze is now a member too.

Sometime ago, the German railway company, Deutsche Bahn, started up a blockchain arm known as DB Systel GmbH. Presently, this blockchain startup is trying to develop some applications based on DLT that will be used by railway companies, mobility companies, as well as logistics and supply chains.

According to Brian Behlendorf, Hyperledger’s Executive Director:

“As our line-up of new members underscore, the Hyperledger community is about putting blockchain to work in impactful ways around the world and across industries.”

Partnering with Hyperledger

Two other new members of Hyperledger are InterWork Alliance and The Global Blockchain Business Council (GBBC).

InterWork Alliance was created in June to lay down the path upon which companies adopting distributed applications and tokens should follow.

GBBC is an establishment that works with legislators, keeps the public educated on tokenization and proposes standards for blockchain industries globally.

Hyperledger wants tokenization standards

Some days ago in June, Hyperledger, Microsoft and IBM teamed up to form tokenization standards.

The chairman of InterWork Alliance, Marlay Gray believes that creating a standard for tokenization will lead to its massive adoption. He said:

“Without a standardized set of common terms, definitions and business level specifications, developers have to interpret inconsistent business requirements and translate them to write code for every blockchain platform and each token standard for a token-based business use case to work. This complexity makes wide-scale adoption difficult.”

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