Hyperledger welcomes Telekom and Alibaba as new Bitcoin formula members

Hyperledger, an open source project for cross-industry blockchain solutions, announced on December 12 that it had welcomed a total of twelve new members.

These include Bitcoin formula industry leaders such as Alibaba Cloud, Citi, we.trade and the telecommunications giant Deutsche Telekom

At the Hyperledger Global Forum in Basel, board member Brian Behlendorf confirmed high-grade offspring for the Hyperledger Bitcoin formula consortium: „We start the Global Forum with a bang, an impressive line-up of Bitcoin formula members. The growing Hyperledger community reflects the growing importance of open source efforts to build enterprise blockchain technologies across all industries and markets. Recent members demonstrate the growing interest and impact of DLT and Hyperledger.“

As the official announcement also shows, the collaborative blockchain project now has more than 260 members. The newest members include:

Alibaba Cloud
BlockDao Information Technology
German Telekom
Guangzhishu Technology Co.
Guangzhou Technology Innovation Space Information Technology Co., Ltd.
KEB Hana Bank
Techrock (former Walimai)

New members euphoric about their accession

In principle, the consortium is open to all members – whether industry, non-profit organisations or government institutions: Everyone can participate. The consortium also enables companies to develop industry-specific applications, platforms and hardware systems that support their individual business processes. They provide DLT solutions and open source code for this purpose. Accordingly, John Calian, head of Telekom’s T-Labs, is pleased about the membership of the German telecommunications giant:

„The development of our wholesale roaming application on Hyperledger Fabric was an obvious decision. Hyperledger Fabric offers business customers such as Deutsche Telekom and our partners an approved open source development ecosystem that integrates production-ready identity management and sophisticated confidentiality concepts for multi-stakeholder environments. That’s exactly what enterprise customers need to turn their distributed visions into reality, and that’s why we’re excited to be part of the community.“

Yi Li, Alibaba’s leader, is also excited about joining his company:

„We are very excited to join Hyperledger. As one of the world’s three leading IaaS providers, Alibaba Cloud strives to provide the best possible service with the highest esteem for all customers. Alibaba Cloud’s Blockchain as a Service (BaaS) is dedicated to providing a globally useful and reliable infrastructure. In addition to focusing on the underlying technology, we would also like to invite other partners to join us and work together to create a larger blockchain business world.“