Thiruvananthapuram, April 01: The Kerala Blockchain Academy (KBA) of the Indian Institute of Information Technology and Management-Kerala (IIITM-K) has become the first Indian institution to be granted membership by Hyperledger project hosted by Linux Foundation.
Hyperledger is an open source collaborative effort created to advance cross-industry blockchain technologies.
With this, the city-based KBA has become an associate member along with Cambridge Centre For Alternative Finance (University of Cambridge) in Hyperledger ecosystem, which was launched in 2016 with a technical and organizational governance structure and 30 founding corporate members.
Hyperledger aims 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, internet of things (IoT), supply chain, manufacturing and technology.
Moreover, 14 new organizations have joined the project as general members from across the world. With these new members, 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.
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. Additionally, Hyperledger Fabric version 1.1.0 was released last week.
Of the 70 plus open source organizations the Linux Foundation has launched, Hyperledger holds the distinction as the fastest growing.
Kerala Blockchain Academy, the first of its kind in the country is a joint initiative of the IIITM-K and the global Blockchain Education Network (BEN). The academy seeks to explore the possibilities of leveraging blockchain technology for public good, capacity building initiatives, promoting disruptive innovations and entrepreneurship. The Academy also acts as a window to the world of opportunities in blockchain technology for students, young professionals, budding entrepreneurs, local industry and governmental agencies.
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