Multinational Spanish Bank BBVA Joins the Hyperledger Project

Hyperledger, a collaboration creating an enterprise grade, open source Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term framework and code base, announced today an agreement with BBVA becoming an official member of the project. This will allow the bank to share knowledge with the community, access Hyperledger engineering support, as well as opening the door for possible partnerships with other members. BBVA will also have two representatives at Hyperledger.

“As a pioneer in global financial services with 70 million customers, we’re thrilled to see BBVA join Hyperledger,” said Brian Behlendorf, Executive Director, Hyperledger. “We look forward to working with them to transform business processes with open blockchain technologies and we know their expertise will be invaluable as we move to production deployments later this year.”

“Being a Hyperledger partner is an important step forward in BBVA’s blockchain strategy, as it allows us to participate in the most relevant open-source communities in the industry and collaborate with companies from a wide range of sectors,” said Carlos Kuchkovsky, New Digital Business CTO, BBVA. “We believe that Hyperledger will be fundamental to ensuring standardization and interoperability in the different technologies and platforms that will make blockchain a powerful tool that will transform business processes and social relationships.”

BBVA is already a member of R3, which is also participating in Hyperledger, and of the Ethereum Enterprise Alliance, which supports the creation of blockchain standards.