Hyperledger Project Grows as Alibaba Cloud, Citi, Deutsche Telekom, and New Members Join the Global Forum  

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Hyperledger, the leading open source blockchain project recently announced that Alibaba Cloud, Citi, Deutsche Telekom, we.trade, and 12 other organizations have joined the Hyperledger Global Forum. According to the press release published on December 12, 2018, the growing Hyperledger Community highlights the importance of open source technology and increasing interest in enterprise distributed ledger technologies.

New Members Keen to Join the Consortium

At the Hyperledger Global Forum, located in Basel, Switzerland, the consortium announced 16 organizations who are keen to join Hyperledger as new members. The multi-project initiative appears to be growing well with over 260 members working together to create new blockchain solutions.

The blockchain consortium supports organizations and the development of enterprise-grade, cross-industry platforms. While many consortiums spring up within a specific industry, Hyperledger has leaders from a variety of sectors from finance, banking, supply chain, healthcare, to manufacturing, and the internet of things.

“We are delighted to join Hyperledger,” said YI Li, the Head of Alibaba Cloud Application Service. “As one of the world’s top three IaaS providers, Alibaba Cloud strives to provide the base service possible with the highest regard for all customers.” 

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Li added that Alibaba sees great benefit in joining the consortium, primarily since their Blockchain as a Services (BaaS) is dedicated to providing a stronger and more trusted infrastructure for the world.

Li encouraged other companies to join the consortium and boost blockchain development. Other companies such as the Guangzhishu (Beijing) Technology Co Ltd see their membership with the Hyperledger project as a significant milestone for the company, as they also look forward to working with other partners and the blockchain platform.

Hyperledger Project Announces Latest Project

In addition to their growing membership, the Hyperledger Project announced on December 4, 2018, a new tool designed for developers known as the Hyperledger Ursa. The modular shared cryptographic library functions like a repository. It is designed to make it easier for blockchain developers to avoid duplicating other cryptographic work and boost security in the blockchain sector.

There are currently two modules under Ursa, one designed to house modular, basic and standard cryptographic schemes, while the other known as zmix, contains more complex algorithms and code, such as smart signatures and zero knowledge primitives. Ideally, the Hyperledger Ursa will reduce the number of bugs in cryptocurrency projects.