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Hyperledger Adds 8 New Partners Including IOV Labs

Fri, 06/12/2020 - 15:33
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Heewon Jang
Linux Foundation’s Hyperledger project adds new, exciting members. Among them are IOV Labs and IOHK, who are powering the RSK and Cardano blockchains respectively.
Hyperledger Adds 8 New Partners Including IOV Labs
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Hyperledger, the Linux Foundation’s open source umbrella project, has announced partnerships with eight new organizations. The community, which was founded in 2015 to advance cross-chain blockchain technologies, has linked up with IOV Labs, DB Systel GmbH, and IOHK, the development company behind Cardano.

Putting Blockchain to Work Around the World

Reflecting on recent challenges caused by the COVID-19 pandemic, Hyperledger’s Executive Director Brian Behlendorf remarked that “the enterprise blockchain community has shown great solidarity and is now focused on new ways forward. 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.”

Hyperledger’s existing member organizations include IBM, Intel, Citi, American Express, Airbus, and J.P. Morgan, and it continues to develop its frameworks, tools and libraries for enterprise-grade blockchain deployments across various industries.

As well as IOV Labs, DB Systel GmbH and IOHK, new members include Atomyze by Tokentrust AG, Binarystar, Public Mint, the Global Blockchain Business Council, and the InterWork Alliance.

The latest announcement follows a series of Linux virtual meet-ups and summits, with another planned for June 29-July 2 featuring Behlendorf. The initiative’s latest project is Hyperledger Cactus, an open source collaboration between Fujitsu Laboratories and Accenture.

New Members, Fresh Blockchain Use Cases

Each of the new partners will rely on Hyperledger’s blockchain solutions. Swiss blockchain startup Atomyze, for example, is developing a tokenization platform for the commodities industry and will utilize Hyperledger Fabric, the first Hyperledger project to hit the 2.0 milestone. IOV Labs, meanwhile, will utilize Hyperledger’s Ethereum client, Besu, to further develop enterprise and government-oriented projects.

By partnering with the Linux Foundation and deploying Hyperledger Besu, IOV Labs – the parent company of Bitcoin smart contract platform RSK – hopes to “accelerate the adoption of open blockchain standards that foster financial freedom, transparency and trust,” according to CEO Diego Gutierrez Zaldivar.

“All of the software used within the RSK network and developed by IOV Labs is open sourced, and our ethos closely aligns with that of Linux,” he added.

To date, IOV Labs has developed several blockchain-dependent solutions for enterprises including Gasnet, a blockchain network for Argentina’s natural gas distribution ecosystem, and a proof of concept for the nation’s central bank. Last year, IOV Labs purchased Spanish-language social network Taringa, with plans to turn it into a bitcoin-powered social marketplace.

Public Mint, a fiat-native blockchain platform that lets users transfer funds to and from people, businesses, devices, applications and banks, is also building on Besu.

The Hyperledger project welcomes contributions from open source projects, nonprofits and governments, at no cost to associate members. Last year, Hyperledger worked with the government of British Columbia to develop an open software stack to build trusted digital relationships and help eliminate red tape. Elsewhere, Fujitsu Laboratories and Accenture are collaborating on Hyperledger Cactus, an open source software collaborative effort designed to advance cross-industry blockchain technologies hosted by the Linux Foundation.

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About the author

Heewon Jang is a freelance journalist and the editor of CryptoGags section.
She is responsible for entertaining crypto content and bitcoin humour