Formed by the Linux Foundation, Hyperledger is an ongoing initiative that pools the collective experience of around 80 different organizations to better progress the applications and abilities of blockchain technology. With names such as Intel and IBM involved, as well as several banking giants, focus on technology and finance is unsurprising, but new contributor Airbus, the aviation manufacturer, shows the diversity of application that blockchain possesses, and just why so many major businesses are investing so much into it.
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One of the highest profile initiatives exploring the possibilities and potential applications for the blockchain technology is the Linux Foundation created Hyperledger consortium. A group of around eighty high profile organizations working together and sharing results of their exploration of blockchain in various industries, it is hoped that Hyperledger will produce workable applications for a variety of markets and industries and lead innovation within the technology.
Although some of the organizations involved remain unidentified, with both commercial and non-profit companies involved there are commercial and pragmatic reasons to keep such involvement quiet for now, many high profile names are openly associated with Hyperledger, and the latest is aviation manufacturer Airbus. A year after it overtook Boeing as the largest supplier for commercial airlines, the Toulouse, France, based company is dedicated to being an active contributor to the initiative.
While many involved with Hyperledger are world renowned names, including IBM, Intel and several banking giants including JP Morgan, the aviation industry represents something new for the cryptocurrency technology. It remains unclear in what area Airbus plan to seek applications for blockchain, but a recent move by SITA, an airline IT based organization, focused on identity management, and this is a clear area where blockchain could certainly benefit major aviation stakeholders such as Airbus.
Hyperledger is an initiative that can not only be a major assistance to the wider digital currency industry, it also displays very clearly the sheer breadth of possibilities that blockchain offers, and just why it is seen as so valuable. While applications within finance seem obvious, health, food, aviation industries would at first glance seem very different, and yet all are looking at, and investing significantly in, blockchain technology to understand the benefits it can bring.
While digital currencies themselves make steady progress in building user bases and expanding awareness, it is blockchain that has been fully embraced by industry and for the cryptocurrency industry it is important to recognize that interest and not dismiss it. Digital currencies themselves are extremely important of course, but the abilities of blockchain may be the key to unlocking the potential of the entire industry.