By Tobi Loba
Input Output HK (IOHK), the firm behind the development in the Cardano (ADA) ecosystem, has become a member of Hyperledger that include Intel, IBM, Microsoft, JPMorgan, NEC, Consensys, American Express and other leading tech firms exploring blockchain applications.
Eight new members such as firms working on blockchain-based supply chain solutions, payments, and token standardization, including Cardano’s IOHK, have recently joined Hyperledger.
Hyperledger is a consortium of firms working on open-source enterprise solutions using distributed ledger technologies (DLT). It was launched in December 2015 by Linux Foundation and the project has since attracted over 200 leading tech firms across the world.
Blockchain Experts Join Hyperledger
Blockchain experts among the new members include Input Output HK (IOHK) of Cardano (ADA), IOV Labs, and crypto-friendly payments platform Public Mint.
Other new additions include Binarystar, a Japanese consulting and PR firm, and a tokenization platform launched by Switzerland’s TokenTrust AG.
The Executive Director of Hyperledger, Brian Behlendorf said, “As our line-up of new members underscore, the Hyperledger community is about putting blockchain to work in impactful ways around the world and across industries.”
The Global Blockchain Business Council (GBBC) and the non-profit InterWork Alliance are also joining the Hyperledger as a new associate member.
Hyperledger Strives for Standardized Tokenization
In early June, Hyperledger collaborated with tech giants Microsoft and IBM to build global standards for tokenized ecosystems.
Commenting on the importance of widespread standardization while in an interview with Cointelegraph, the IWA chairman Marlay Gray said:
“Without a standardized set of common terms, definitions, and business level specifications, developers have to interpret inconsistent business requirements and translate them to write code for every blockchain platform and each token standard for a token-based business use case to work. This complexity makes wide-scale adoption difficult.”
IOHK of Cardano (ADA) in the Company of Big Tech Firms
IOHK, the firm that is behind the past and latest developments in the Cardano (ADA) ecosystem, led by Charles Hoskinson, is now in the consortium of Big tech firms across the world, which indicates advancement.
IOHK has been proving its innovative worth in the midst of community members as it’s “slowly and steadily” unveiling its project upgrade that promises to actualize the full decentralization of Cardano (ADA).