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 Heard of the Hyperledger project? FedEx is in, and this is what it’s about

Heard of the Hyperledger project? FedEx has joined in, and here’s the 411 on this news.

According to a press release and report by Supply Chain 247, FedEx, the US courier company has joined Linux hosted open-source project Hyperledger to further advance the use of distributed ledger in logistics and transportation.

With 270 members to date, Hyperledger was started in December 2015 by The Linux Foundation and was created to enable member organisations to build blockchain-based industry-grade applications, platforms and hardware systems in the context of their individual business transactions.

In a statement published, Hyperledger executive director Brian Behlendorf said he believed that distributed ledger technology (DLT) will diminish the power of tech giants like Google, Facebook, and Amazon. Hyperledger is a multi-project, multi-stakeholder effort that includes 10 business blockchain and distributed ledger technologies.

By constructing open source distributed ledger frameworks and code bases, the Hyperledger project will enable organisations to build industry-specific applications and hardware that will support business transactions.

According to the report mentioned above, the latest general members to join the community are: BetaBlocks, Blockchain Educators, Cardstack, Constellation Labs, Elemential Labs, FedEx, Honeywell International Inc., KoreConX, Northstar Venture Technologies, Peer Ledger, Syncsort and Wanchain.

For more information on Blockchain technologies, please read here.

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