Eight new members have joined Hyperledger, including several companies that target tokenization initiatives.

Hyperledger is a consortium of companies working on open source business solutions using distributed general ledger (DLT) technologies. The Linux Foundation launched the project in December 2015, and since then it has received contributions from IBM, Intel and other major technology companies exploring blockchain applications.

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Blockchain veterans, among the new members, include IOHK, the company behind Cardano (ADA), IOV Labs – formerly RIF Labs – and the payment platform that supports Public Mint cryptomone currencies.

Other new participants are the Japanese consulting and PR company Binarystar, and Atomyze, a tokenization platform launched by the Swiss company TokenTrust AG.

DB Systel GmbH, is a digital subsidiary of the German railway company Deutsche Bahn. Moritz von Bonin, the head of the blockchain and DLT solutions company, said the company is working on applications for distributed general ledger technologies in the context of mobility services, logistics supply chains and railway control systems.

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Brian Behlendorf, CEO of Hyperledger, said:

„As our new member lineup underscores, the Hyperledger community is about putting the blockchain to work in a powerful way around the world and across all industries.“

Partnership with Hyperledger
The Blockchain Global Business Council (GBBC) and the Interworking Alliance also join Hyperledger as new associate members.

The non-profit InterWork Alliance was launched earlier this month with the goal of establishing standardized frameworks across all platforms that support distributed applications and tokens.

The GBBC works to engage legislators, publishes research on tokenization, and promotes its Global Standards Blockchain Initiative.

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Hyperledger pushes for tokenization standards
Earlier this month, Hyperledger established a partnership with technology conglomerates Microsoft and IBM to develop global standards for tokenized ecosystems.

In an interview with Cointelegraph, IWA President Marlay Gray highlighted the importance of widespread standardization as a necessary basis for the widespread adoption of tokenization:

„Without a standardized set of common enterprise-level terms, definitions, and specifications, developers have to interpret inconsistent business requirements and translate them to write code to make each blockchain platform and token standard work for a token-based business use case. This complexity makes large-scale adoption difficult,“ Gray said.