Hyperledger Project, a collaborative cross-industry effort created to advance Blockchain technology, announced today American Express has joined the project as a Premier Member. As a Premier member, American Express will contribute to the development of the project’s mission to create an enterprise-grade, open source, distributed ledger technology. Sastry Durvasula, Senior Vice President of Technology, responsible for leading enterprise-wide big data, Blockchain, digital payments and partnerships, will represent the company on the Hyperledger Governing Board.

“It’s always encouraging to see large, global organizations like American Express join Hyperledger,” said Brian Behlendorf, Executive Director, Hyperledger. “As the project continues to grow and take shape, I believe support from leading organizations and their expertise will drive successful pilots of Hyperledger Blockchain technology into production later this year. The aim is to then begin to repeatedly build new systems for this emerging industry and its various use cases and applications.”

“We’re excited to join Hyperledger, as we’re looking to take full advantage of Blockchain to deliver new and innovative products for our customers and partners, while transforming existing business processes and applications,” said Marc Gordon, Executive Vice President & Chief Information Officer, American Express. “As a Premier member of the project, we’re expecting our expertise and global reach to help advance this open source blockchain ecosystem.”

The Hyperledger project is an open source collaborative effort created to advance Blockchain technology by addressing important features for a cross-industry open standard for distributed ledgers. The Linux Foundation hosts Hyperledger Project as a Collaborative Project under the foundation. It has grown to more than 100 members that span various industries including, but not limited to, finance, healthcare, the Internet of Things, and aeronautics. The project aims to create common distributed ledger technology that enables organizations to build and run robust, industry-specific applications, platforms and hardware systems to support their individual business transactions. Organizations and individuals interested in contributing to the project can visit the official website to learn more about how to join the Hyperledger Project.

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