CU Ledger Initiative of CUNA, MWCUA Selected To Join Hyperledger

CU Ledger

SAN FRANCISCO–CU Ledger, the blockchain initiative being led by CUNA and the Mountain West Credit Union Association, has been selected as one of 14 organizations to join  Hyperledger, the open source collaborative effort created to advance cross-industry blockchain technologies.

As a result, the Hyperledger community has grown to 231 organizations in more than 25 countries.

“Hyperledger has gained significant traction as a multi-project, multi-stakeholder effort and now includes 10 business blockchain and distributed ledger technologies,” the organization said. “Building on the momentum from the Hyperledger Sawtooth 1.0 release at the end of January, the Hyperledger Technical Steering Committee recently accepted Hyperledger Caliper, a blockchain performance benchmarking tool, into incubation.”

In addition, the Hyperledger Fabric version 1.1.0 was released just last week.

“The accelerating pace of growth and adoption of Hyperledger across industries and geographies underscores the power of our community and the technologies it is building,” said Brian Behlendorf, executive director, Hyperledger. “It also reflects a global awakening to the impact of blockchain for business. Every day, we hear from organizations with new ideas and new applications for our frameworks. Our growing and diverse membership is key to turning that energy and innovation into the building blocks for increasingly business critical deployments.”

Hyperledger said its aim is to enable organizations to build robust, industry-specific applications, platforms and hardware systems to support their individual business transactions by creating enterprise-grade, open source distributed ledger frameworks and code bases. It is a global collaboration of leaders in finance, banking, IoT, supply chain, manufacturing and technology.

In addition to CULedger, the other members to join are Beijing Truth Technology, Blockchain Technology Partners, Greenstream Technology, KompiTech, MATRIX Foundation, REMME, Ripple, Shenzhen Rongxun Technology, Spin Systems, Versia and Xiilab Co.

Section: Standard
Word Count: 363
Copyright Holder:
Copyright Year: 2019
Is Based On: