2018 has largely been known as the year of the bear market for the cryptocurrency and blockchain space. As project valuations suffered greatly, the sentiment of the space expressed a bifurcation of opinion. On one side, we see crowds expressing a great deal of pessimism due to falling market valuations. The other side however saw the market through a different lens. The other side, despite the aggressive market correction, saw a great deal of innovation and overall advancement in the space. While 2018 was the year of the bear, it also was the year of growth and advancement of the blockchain space. Advancements in technology, fundamentals, and main net launches pushed the case of blockchain beyond its “idea and theoretical” stage. As these advancements pushed on, large corporations and institutions continued to take note of the potential promise of blockchain and cryptocurrency.

Many projects continued their advancement, some naturally did so more than others. One particular project that has been among the top achievers of 2018 is none other than Matrix AI Network. Today we will discuss Matrix’s admission into the Hyperledger project. Hyperledger of course is just one of the many projects Matrix is involved with although we believe its one worth mentioning!

What is Matrix AI Network?

“Matrix AI Network is a platform which incorporates blockchain and AI to enable the realization of the Intelligent Blockchain. The use of AI allows innovations such as natural-language smart contracts (Intelligent Contracts), continual network optimization, formal contract security verification, and much much more. — Matrix AI Network”

Matrix’s technology is currently being used by a plethora top tier entities in a verity of fields such as clinical diagnosis, data analytics, image detection, and structural modeling among many other areas of utilization.

What is the Hyperledger Project?

Created by the Linux foundation in December 2015, the Hyperledger project is an umbrella of open source blockchains and related tools and protocols. Its aim is to ensure the transparency, longevity, interoperability and the support required to bring blockchain technologies forward to mainstream commercial adoption. To achieve this, Hyperledger plans to advance cross-industry collaboration by developing blockchains and distributed ledgers, with a particular focus on improving the performance and reliability of these systems so that they are capable of supporting global business transactions by major technological, financial and supply chain companies.¹

To help accomplish its ambitions, Hyperledger has the support of numerous high level enterprises and institutions such as IBM, Intel, Fujitsu, Cisco, Deutsche Bank, and Baidu to name a few.

While the 2018 bear market pushed projects near their breaking point, Matrix has shown great tenacity during this period. From advancing their technology in blockchain and artificial intelligence to acquiring partnerships and tech users, Matrix has proven it has a sturdy foundation to survive bear markets such as the one that plagued the cryptocurrency market in 2018.