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The Hyperledger Project, a blockchain-based collaboration, has announced it has reached the milestone of 100 active members, including six new companies.

The six companies, Altoros Americas, Beijing Botuzongheng Science & Technology, Chamber of Digital Commerce, Shanghai Gingkoo Financial Technology, Sinolending and ZhongChao Smart Card Research Institute, will be joining the leaders in finance, banking, IoT, supply chain, manufacturing and technology.

The project aims to enable organisations to build robust, industry-specific applications, platforms and hardware systems to support their individual business transactions by creating an enterprise grade, open source distributed ledger framework and code base. The Hyperledger membership is spread across the globe with 25%, 14%, 20% and 41% in China, APAC, EMEA and the US, respectively

Renat Khasanshyn, CEO at Altoros, said: “Moving forward, we plan to use Hyperledger to build similar services and blueprints for debt issuance and trading, syndicated loans, and reinsurance. It is critical for us to support the Linux Foundation, making sure the Hyperledger Project fulfills its mission.”

Bruce Zeng, manager of the Gingkoo blockchain department, said: “As an IT solution provider for financial institutions with more than 70 clients all over the world, Gingkoo is a leading fintech company. To explore how to serve banks with DLT in China, we have developed our own Starfish-chain and established partnerships with many blockchain companies worldwide. We believe blockchain is one of the best tools and joining hyperledger will surely bring us closer to our goal.”

The project also looks to examine blockchain use cases outside of finance; Ruan Yong, CEO of Beijing Botuzongheng, said the company was looking to advance “all kinds of applications of blockchain” through Hyperledger.

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