Business

Hyperledger continues its successes and partners with SophiaTX To Expand Blockchain technology

Originally pioneered and used by a small number of tech-savvy individuals, blockchain has rapidly been adopted by business giants to enhance their processes, reinforcing trust in one form or another. For example, IBM recently announced the creation of a blockchain to verify the jewelry supply chain known as TrustChain.

This follows IBM’s recent work to build large enterprise projects blockchain based on open source Hyperledger Fabric technology. Hosted by The Linux Foundation, Hyperledger is an open source group made up of tech, finance, banking and manufacturing professionals who aim to improve blockchain technologies in different fields. But Hyperledger’s partnership with IBM is one of many recent successes.

Blockchain platform SophiaTX has joined Hyperledger, an open source collaborative effort made up of 231 organisations, and will now work to advance blockchain across a number of different industries.

SophiaTX is a blockchain platform and marketplace currently on a mission to drive blockchain adoption in businesses of all sizes – such as the recently announced collaboration with EY (Ernst and Young) – and therefore being a part of Hyperledger will only increase their reach across different fields.

SophiaTX joins the likes of Ripple, KompiTech, Tradeshift, AlphaPoint, BBVA, Blockchain, PWC, Sberbank, SecureKey, and Wipro, to help reshape business models by utilizing the blockchain.

The move will see SophiaTX contribute its blockchain solutions to the group, as well as build new relationships with industry leaders and keep them in the loop with the latest blockchain developments. SophiaTX will be able to leverage its project’s global reach, collaborate with others on the platform and prove the effectiveness of using blockchain in big and small companies alike. 

CEO Jaroslav Kacina said: “It is incredibly exciting to have joined this consortium. Being part of Hyperledger gives us the opportunity to work with other leaders in our field, and together move blockchain technology into the mainstream. Hyperledger has already proven itself as a vital player in promoting blockchain across a number of industries; we look forward to showing the group what SophiaTX has to offer.”

The move is important as a number of companies across different industries, including gaming, banking, and healthcare have now moved to Hyperledger, proving that blockchain technology is no longer an esoteric term but something that can transform the way a number of industries work.

Sam Brake Guia

Sam is an energetic and passionate writer/presenter, always looking for the next adventure. In August 2016 he donated all of his possessions to charity, quit his job, and left the UK. Since then he has been on the road travelling through North, Central and South America searching for new adventures and amazing stories.

Recent Posts

MWC 2025 Barcelona was the ultimate experiential marketing dream

Mobile World Congress (MWC) in Barcelona is the biggest annual event in the mobile technology…

11 hours ago

GAN, Tec de Monterrey partnership highlights cross-border startup ecosystem building in Latin America amid trade dispute

Despite recent tensions between the United States government and Latin American countries over migration and…

5 days ago

This founder started out with US $5K to his name. Now, he owns a multi-million-dollar global business

Meet Nitin Seth, the Co-Founder and CEO of Screen Magic (SMS Magic), a messaging leader…

5 days ago

Building smarter: AI, the ultimate tool transforming an old-age industry

In this Brains Byte Back, we sit down with Hari Vasudevan, founder and CEO of…

5 days ago

When AI Goes Rogue: 8 Lessons from Implementing LLMs in the Healthcare Industry that Could Save the Future

By Santosh Shevade, Principal Data Consultant at Gramener – A Straive company All pharmaceutical companies…

6 days ago

Digital Public Infrastructure will enable public, private entities to control your access to essential goods, services & mobility

Digital Public Infrastructure is a top-down agenda coming from unelected globalists, bureaucrats, and their partners…

2 weeks ago