Share this article
Central Banks Back Hyperledger Blockchain Project
The Bank of England and the Federal Reserve Bank of Boston are among 11 new members of the Linux Foundation-led Hyperledger blockchain initiative.
By Stan Higgins
Updated Dec 11, 2022, 1:52 p.m. Published Feb 28, 2017, 2:46 p.m.
The Bank of England and the Federal Reserve Bank of Boston are among 11 new members of the Linux Foundation-led Hyperledger blockchain initiative.
Announced todayhttps://www.hyperledger.org/uncategorized/2017/02/27/hyperledger-continues-strong-momentum-in-2017-with-11-new-members, the two central banks join a group of more than 100 startups, financial institutions and enterprise firms that are backing the project. They are the first institutions of their kind to become part of Hyperledger. And while the Boston Fed has published research on the tech, the Bank of England, by contrast, has pursued a range of applications, including the potential issuance of a digital currency.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The slate of new members includes health care group Kaiser Permanente, the academic research group Initiative for CryptoCurrencies and Contracts (IC3) and China Merchants Bank. Among the startups that joined is Monax, which has submitted a codebase to the group with an ethereum virtual machine.
Executive director Brian Behlendorf said in a statement:
“We’re now at 122 members and seeing even more diverse organizations across industry sectors invest their energy and resources in understanding how blockchain technology can strengthen their own business processes. This new set of members’ combined backgrounds and experiences will be invaluable to the community, as we strive to increase production deployments through this year.”
The group has been steadily adding new members since the start of the year, including automaker Daimler AG and credit card giant American Express.
The development comes as Hyperledger’s backers move closer to its next software release, expected sometime in March or April.
Image via Wikimedia
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Ethereum’s P2P Layer Is Improving Just as Institutional ETH Buys Pick Up
Early PeerDAS performance is proof that the Ethereum Foundation can now ship complex networking improvements at scale.
What to know:
- Ethereum co-founder Vitalik Buterin said that the network is addressing its lack of peer-to-peer networking expertise, highlighting the progress of PeerDAS.
- PeerDAS, a prototype for Data Availability Sampling, is crucial for Ethereum's scalability and decentralization through sharding.
- BitMine Immersion Technologies has significantly increased its Ethereum holdings, viewing it as a strategic investment in the network's future scaling capabilities.
Top Stories
