Walmart has become the latest company to be added to the open-source blockchain Hyperledger, being one of the 8 new members to join the platform today.
These new members were announced in Phoenix, Arizona, at the 2020 Hyperledger Global Forum on March 3. Walmart Global Tech’s vice president Sanjay Radhakrishnan had this to say about his company becoming a Hyperledger member:
“We've seen strong results through our various deployments of blockchain, and believe staying involved in open source communities will further transform the future of our business.”
New Service Providers Announced by Hyperledger
Launched back in 2016, Hyperledger is hosted by the Linux Foundation. Its platform has the purpose to advance blockchain technologies. It has received contributions from Intel and IBM. At the Forum’s opening day, 8 Hyperledger new members were announced, Aiou Technology included.
Aiou Technology is a subsidiary of IOST, a popular blockchain network. The business-to-business smart contracts company Clear and Tangem, the Swiss blockchain services firm, were announced to be new members as well. Hyperledger seems to have 6 new Certified Service Providers too. These include: Kompitech, Beijing Proinsight Technology, Xoaa, LimeChain, Mindtree, and Zhigui. Here’s what Hyperledger’s executive director, Brian Behlendorf, had to say about the new members:
“Adding this great mix of new members and HCSPs is a great opening act for Hyperledger Global Forum.”
Walmart Is a Supporter of Blockchain Technology
Walmart decided to become a Hyperledger member 10 years after it had first experimented with DLT. In 2016, the retail giant closed a partnership with China’s Tsinghua University and IBM to run a pilot program that uses Hyperledger and tracks the pork market in China. The pilot’s aim was to bring improvements in the food safety sector by identifying supply chain potential contaminators at the source.
Walmart filed patents related to blockchain technology and even filed to patent a blockchain-based system that traces drone-delivered packages in 2017. All through 2018, Walmart files numerous patents with the US Patent and Trademark Office, targeting shipping, supply chain, and payments systems. In 2019, it joined MediLedger, the blockchain-based pharmaceutical consortium.