Hyperledger Welcomes 6 New Organizations With State Farm Insurance And EEA Headlining

Hyperledger Introduces Six New Members to Group

Hyperledger has welcomed six new organizations to its growing community. Hyperledger is an open source collaboration that seeks to foster cross-industry blockchain technologies. At the core of hyper ledger’s agenda is a balance of blue-chip, entrepreneurial and technology-driven organization. The newest members CENCON BLOCKCHAIN GROUP, State Farm Insurance and Vered Information Technology represent what is at Hyperledger’s Core.

Hyperledger is a fast growing community with ten business blockchain and distributed ledger communities. Many contributors continue to work hard to develop, maintain the code and for frameworks and tools. These contributors also ensure that they provide governance and organization resources. It is this dedicated work that has produced thousands of code contributions thus increasing the millions of lines of code and leading to the development of Hyperledger Fabric 1.3.

Hyperledger’s Executive Director Brian Behlendorf spoke confidently about the new members noting that they will add energy and diversity to the community which will help the blockchain industry to adapt quickly to every part of the world. Behlendorf notes that it is this growing and diverse community that strengthens Hyperledger and this was evident during the preparation of the first Hyperledger Global Forum. He recognizes that it is these diverse and active communities that energize the growth of Hyperledger.

Hyperledger is very instrumental to organizations. It enables organizations to create powerful applications that are industry specific. It also creates platforms and hardware systems that support individual business transactions. This is enabled by creating enterprise grade and open source distributed ledger frameworks and code bases.

Hyperledger reinforces an open community that treasures contributions and involvement of diverse entities. This has enabled various entities to join hyperledger very easily. Entities such as pre-approved non-profits, open-source projects and government entities can now join the hyperledger community without paying any cost. These entities who join under such terms are referred to as associate members. There are many associate members currently joining hyperledger. They include CPqD, Enterprise Ethereum Alliance (EEA) and Information Technologies Institute which is a member of the Centre for Research and Technology Hellas. (CERTH).

The newest members are very excited about this new venture. The Founder and CEO of CENCON BLOCKCHAIN GROUP Jacky XU are optimistic that joining hyperledger will power CENCON to attain its vision and mission through CENCON One Touch BlockChain System and the CENCON New Trust Business Ecosystem. Jacky XU acknowledges that as a chainist and innovator in Blockchain, CENCON will profit from its collaboration with HyperLedger and the Linux Foundation community. This joint venture will also help them work better with their target customers who are entity entrepreneurs with high values of the brand, credit and fixed assets.

It is a strategic alignment for State Farm Innovation as reported by their Executive Director Mike Field. He states that State Farm initiatives are geared toward shaping blockchain innovations. State Farm acknowledges that the financial sector is headed towards blockchain technology. The company’s decision to join the hyperledger community is to help it learn and understand what blockchain technology can do for its organizations and customers.

Hyperledger has exhibited itself as a multi-project that has gained its success through collaboration with diverse and active communities.

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