Mindtree joins Hyperledger to accelerate Blockchain

Technology services and digital transformation company Mindtree announced on Wednesday it has joined Hyperledger, an open source collaborative effort created to advance cross-industry blockchain technologies.

Joining as a general member enables Mindtree to accelerate the development of its capabilities around Hyperledger and offer industry-specific blockchain solutions to prospective clients, a company statement said.

Hosted by the Linux Foundation, Hyperledger is a multi-project, multi-stakeholder effort that includes 14 business blockchain and distributed ledger technologies, it was stated.

Hyperledger enables organisations to build industry-specific applications, platforms and hardware systems to support business transactions by creating enterprise-grade, open source distributed ledger frameworks and code bases.

"Enterprises are seeing strategic value and want to adopt Blockchain to reimagine some of the current process areas and implement futuristic solutions.

With this membership, we will be able to assist our customers in realizing their vision in implementing these solutions," said Mindtree Chief Technology Officer Madhusudhan K M.

The Hyperledger community includes more than 270 organisations, including large technology companies, startups, service providers and academics, Mindtree said.