Hyperledger Adds Visa and Six Others to Its Blockchain in September
Enterprise-grade blockchain project Hyperledgder confirmed the arrivals of new members Visa and SAP to its blockchain project in September. Visa joined six other new members including EMURGO, SIX Digital Exchange, Chainstack, SIMBA Chain, SIX Digital Exchange, SAP on the alliance.
A Growing List of Members
The collaborative project aims to consolidate the links between blockchain firms and mainstream companies that wish to take advantage of novel technologies.
EMURGO is the commercial arm of the Cardano project, so its arrival within Hyperledger is hardly a surprise. As for SIX Digital Exchange, the Swiss national stock exchange group had already expressed its interest in cryptocurrencies, in particular with a stablecoin project backed by the Swiss franc (CHF).
Furthermore, Hyperledger also revealed that seven more companies had finished training programs to become Hyperledger Certified Service Providers (HCSPs). This brings the total number of HCSPs to 18 and the list includes NEC, SAP, SwissCom, Tech Mahindra, Creativehill, DeepDive Technology Group, and Tencent
The addition of Visa is a major one for Hyperledger as the payment processing giants are one of the biggest in the world. Visa has a vested interest in blockchain technology with the firm already securing partnerships with exchanges to produce debit cards.
Hyperledger to Testrun More Products in 2021
Speaking on the addition of Visa to the Hyperledger blockchain alliance, Brian Behlendorf believes that it was a positive achievement for the blockchain project. He further attributed this to the increase in the adoption of blockchain technology and the aims of its members to become the driving forces of the new technology.
When quizzed about the plans for Hyperledger in 2021, Behlendorf expects the blockchain to grow in the area of digital identity and its traceability solutions. Why there could be more products in the offering for its members.
“As a project, we have benefited from a broad greenhouse strategy testing new pilots and other active projects, working to develop new standards in multiple industries. Our membership continues to be solid and growing,” he said.
The success of Hyperledger has been huge since its inception its solutions have been the goto for top financial institutions.