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Cardano IOHK and Global Blockchain Business Council join Hyperledger

June 12, 2020

Eight new members have joined Hyperledger, including several companies targeting tokenization initiatives.

Hyperledger is a consortium of companies working on open source business solutions with Distributed Ledger Technologies (DLT). The Linux Foundation started the project in December 2015 and has since received contributions from IBM, Intel and other large technology companies that deal with blockchain applications.

Blockchain veterans, among the new members, These include IOHK, the company behind Cardano (ADA), IOV Labs – formerly RIF Labs – and the payment platform that supports public mint cryptocurrencies.

Cardano IOHK and Global Blockchain Business Council join HyperledgerCardano IOHK and Global Blockchain Business Council join Hyperledger

Other new additions are the Japanese PR consultancy and the company Binarystar and Atomyze. a tokenization platform from the Swiss TokenTrust AG.

DB Systel GmbH is a digital subsidiary of Deutsche Bahn. Moritz von Bonin, head of the company for blockchain and DLT solutions, said this The company is working on applications for distributed general ledger technologies in the context of mobility services, logistic supply chains and rail control systems.

Brian Behlendorf, CEO of Hyperledger, said:

“As our lineup of new members underscores, the Hyperledger community is about using blockchain effectively across the globe and across industries.”

Association with Hyperledger

The Global Blockchain Business Council (GBBC) and the Interworking Alliance also join Hyperledger as new associate members.

The non-profit InterWork Alliance was launched earlier this month with the goal of establishing standardized frameworks on all platforms that support distributed applications and tokens.

The GBBC is working to involve lawmakers, publish tokenization research and promote its Global Blockchain Standards Initiative.

Hyperledger is pushing for tokenization standards

Earlier this month, Hyperledger entered into an alliance with the technology conglomerates Microsoft, IBM and IBM to develop global standards for tokenized ecosystems.

In an interview with Cointelegraph, the president of the IWA, Marlay Gray emphasized the importance of comprehensive standardization as a necessary basis for the comprehensive introduction of tokenization:

“Without a standard set of general terms, definitions, and specifications at the enterprise level, Developers must interpret inconsistent business requirements and convert them into code so that every blockchain platform and every token rule works for a token-based business use case. This complexity complicates large-scale adoption, “said Gray.

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