Bosch, Wipro, Xiaomi Join Hyperledger Consortium

10/24/2017 - 12:55 UTC
Hyperledger Linux Foundation

Hyperledger, the Linux Foundation-backed blockchain consortium, has announced the addition of five new members to its roster.

Following the recent additions of China's search engine giant Baidu and business networking company Tradeshift, Hyperledger has now opened its doors to general members Robert Bosch GmbH, Indian IT firm Wipro, Beijing Xiaomi Mobile Software, cognitive solutions and cloud platform Cognition Foundry, and Dubai-based holding company Majid Al Futtaim.

Aiming to build a range of applications and platforms based on open-source distributed ledger frameworks, the new member additions mean Hyperledger is now counting more than 170 member organizations from across various industries including finance, banking, Internet of Things (IoT) and more.

According to Donya-Florence Amer, executive vice president at Bosch, her firm recognizes blockchain as a "key" technology in its push to become more IoT-focused.

She said:

    “Hyperledger as the blockchain derivate focusing on industrial usage is key for us. Bosch has its strength in the full stack of IoT devices, cloud services for data storage and processing, experience in delivering critical software, and industrial processes with strong partnerships. We are very much looking forward to working with and to contributing to this alliance.”

The executive director of Hyperledger, Brian Behlendorf, said the flow of members joining the group indicates Hyperledger is going in the right direction and highlights the legitimate importance of blockchain in industry solutions.

In its announcement, Hyperledger also implied it is currently developing eight business blockchain technologies including Fabric, Iroha, and Sawtooth, among others.

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice on Bitcoin, Cryptocurrencies or finance in general.