The Nxt Foundation has joined with the Linux Foundation to join the Hyperledger Project blockchain community.

The Hyperledger Project is designed to form relationships between businesses worldwide, in a bid to build industry-specific blockchain technology and work towards a global standard.

Nxt has joined to advise on advanced technologies and use cases.

Bas Wisselink, board member of the Nxt Foundation, said: "We are very excited about the increasing acceptance of blockchain within the financial services and financial technology sectors."

"Admittance to the Hyperledger Project will enable Nxt to inform and influence new standards for distributed ledgers and transactional applications for the next generation."