Share this article
IBM Exec Elected Chair of Hyperledger Blockchain Committee
An IBM executive has been elected as the chair of the technical advisory committee to the Linux Foundation-led Hyperledger blockchain project.
By Stan Higgins
Updated Mar 6, 2023, 3:28 p.m. Published Feb 29, 2016, 8:42 p.m.
UPDATE (1st March 1:15am BST): Updated with comment from the Linux Foundation.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
An IBM executive has been named as the chairman of the technical committee for the Hyperledger Project, the open-source blockchain initiative launched late last year under the umbrella of the Linux Foundation.
, CTO of open cloud in the IBM cloud division's open technology unit, was elected chairman during a vote that took place earlier this month. The outcome was announced during a committee call on 25th February.
Representatives from a variety of mainstream financial and technology firms, including Accenture, CME Group, Deutsche Boerse, DTCC, IBM, Intel and JPMorgan, as well as blockchain startups Digital Asset Holdings and R3CEV, make up the membership of the committee.
In a statement, the Linux Foundation lauded Ferris and the depth of knowledge he brings to the project, stating:
"We look forward to his contributions and collaboration among other TSC members on open-standards and open-source development for this project."
Ferris will now serve a six-month term, after which point another election will take place.
His role on the committee is notable given IBM's enthusiastic support for the Hyperledger project, which formally kicked off in December. The firm later launched a suite of blockchain-as-a-service (BaaS) tools, offerings that overlap, in part, with the Hyperledger initiative.
The meeting also saw a discussion of a joint proposal by IBM and blockchain startup Digital Asset Holdings. Up for debate is how the Hyperledger code could take shape in the months ahead, and how two different approaches to blockchain applications could be merged into one.
offers details on the nature of the discussions taking place as Hyperledger participants solidify the project’s governance structure.
The document states:
"It is clear that the [Hyperledger] community is split over use of the bitcoin model (UTXO). We believe that the community should be looking to quickly realize a single implementation in which the UTXO model and alternate model(s) - that provide a more elegant (and likely better performing) approach to satisfying more complex use cases - are equally supported."
Members of the Hyperledger technology community are expected to meet next month. According to event minutes, meetings will take place over the course of March.
Image Credit: Tomasz Bidermann / Shutterstock.com
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
KindlyMD Turns to Kraken as Fourth Provider for Bitcoin-Backed $210M Loan at 8%
An SEC filing shows the Kraken facility will be used to retire an outstanding Antalpha loan and requires significant bitcoin collateral.
What to know:
- KindlyMD turned to Kraken for a $210 million loan “bearing a fee of 8% per annum” with maturity on Dec. 4, 2026.
- The company said it will use the proceeds to satisfy its obligations to Antalpha Digital in full.
- Kraken becomes the company’s fourth financing source this year following earlier arrangements with Yorkville Advisors, Two Prime and Antalpha.
Top Stories
