Hyperledger, the open source collaborative effort created to advance cross-industry blockchain technologies, has revealed three new organizations which have joined the project. As a multi-project, multi-stakeholder effort, Hyperledger incubates eight business blockchain and distributed ledger technologies including Hyperledger Sawtooth, Hyperledger Fabric, Hyperledger Iroha and Hyperledger Indy, among others. The latest General members include BTS, Oracle, and The Patientory Foundation.

Brian Behlendorf, Executive Director of Hyperledger, stated: “Adding many diverse organizations each month is fantastic to see as blockchain will change the way we conduct business across many industries. The support from these new members will be beneficial as we focus on driving further integration among our incubated projects and production deployments in the second half of 2017.”

Hyperledger aims to enable organizations 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 global collaboration includes leaders in finance, banking, IoT, supply chain, manufacturing and technology.

CTO of BTS, Luis Benavente commented: “At BTS, we seek to use distributed ledger technology to increase efficiency and facilitate new services for telecom operators worldwide. With more than 25 years of experience transacting internationally with over 1,000 operators, we envision riding the telco/financial convergence wave providing the international telecom market with a blockchain based service to exchange value and information. We strongly believe this disruptive technology will enable us to develop a carrier exchange community that will minimize the intrinsic inefficiencies embedded in our business today. We’re very happy to be a part of the Hyperledger ecosystem and look forward to collaborating with other members to further this technology.”

Amit Zavery, senior vice president of cloud platform and middleware at Oracle, remarked: “As we develop our blockchain cloud platform for enterprise use, we believe scalable cross-industry technologies, confidential transactions, and modular architecture promoted through initiatives like the Hyperledger Project, are critical components. We are excited to join Hyperledger Fabric and strengthen the foundation of distributed ledger technology, simplify and accelerate deployment of blockchains, and promote interoperability between blockchain networks. Through these efforts, we hope to offer advanced blockchain cloud services that support Oracle’s extensive SaaS application portfolio and our customers’ applications deployed in PaaS, IaaS or on-premises.”

Patientory Founder and CEO, Chrissa McFarlane said: “As one of the first companies to bring blockchain to healthcare, we are delighted to join Hyperledger. With cyber-attacks projected to cost hospitals $305 billion USD by 2021 and medical information already worth ten times more than credit card numbers on the deep web, the need for secure patient data is critical. We are eager to collaborate with Hyperledger’s broader community to develop the technology further and form relationships that can help us advance the implementation of blockchain in the health space.”