Hyperledger Project, a collaborative cross-industry effort created to advance blockchain technology, announced on Wednesday it added eight new members to its organization as a way to help create an open standard for distributed ledgers for a new generation of transactional applications.

The Hyperledger project, which is hosted by the Linux Foundation, seeks to enable organizations to build robust, industry-specific applications, platforms, and hardware systems to support their individual business transactions by creating an enterprise-grade, open source distributed ledger framework and code base. The latest members include CA Technologies, Factom Foundation, Hashed Health, Koscom, LedgerDomain, Lykke, Sovrin Foundation, and Swisscom.

Brian Behlendorf, Executive Director of the Hyperledger Project, stated:

“This year has been full of growth for the project. Not only did we exceed 100 members, Hyperledger met significant development milestones thanks to the community’s hard work. As 2016 was a year of exploration, R&D and prototyping, we’re excited for 2017 to be the year we start to see case studies of the technology in production environments.”

Last month, Hyperledger announced it reached 100 active members in less than one year.