China's Wanda Group Joins Hyperledger Project After 170% Growth in H1 2016

The Linux Foundation’s Hyperledger Project, a collaborative cross-industry effort to advance 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 tamp 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 tamp Read this Term technology, has announced the addition of FFan Technology - part of the Chinese real estate giant Wanda Group. As a premier member, Wanda will contribute to the development of the project's mission to create an enterprise grade, open source distributed ledger technology.

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"We're thrilled to see a world class company like Wanda join the project," said Hyperledger Executive Director, Brian Behlendorf. "Their financial expertise and global reach is sure to be a huge asset, as we continue to bring the Hyperledger community together to advance this new open blockchain infrastructural code base and platform."

Wanda's FFan Technology division offers an open platform and Cloud Cloud The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc Read this Term infrastructure. Its primary product lines consist of Smart Experience Solutions, FFan Digital Pass and fintech products, which reach hundreds of millions of people in its offline and online ecosystem.

"We're looking forward to working with Hyperledger and its members as we continue to introduce innovative products and services to accelerate our customers' digital strategy," said Charles Cai, Chief Architect and Senior Advisor to the President of Wanda Financial Group. "As a Premier member of the project, we'll also be able to show our support for building an open, distributed ledger technology with standards that any industry can benefit from."

170% Growth

Since the beginning of 2016, Hyperledger Project has grown to more than 80 members from a variety of industries including finance, healthcare, Internet of Things, aeronautics, and several others. The new members come from across Europe, Asia and the United States and include: Cloud Security Alliance, Energy Blockchain Laboratory, Global Peersafe Technology Corp., Inuit Foundation - University of Rome 'Tor Vergata', Intuit, Investrata Foundation for Social Entrepreneurship (IFSE), iRootech Technology Co., Ltd, MIRACL UK Limited, Netki, Nxt Foundation, Orange Magic Cube (GoX Tech), Samsung SDS, Sany Heavy Group Co., Ltd, Tai Cloud Corp., Union Mobile Pay E-Commerce Co., Ltd., Wutongtree and Yunphant Blockchain.

“There’s been a tremendous response to our vision for creating an open community for blockchain technology and we’re proud to be celebrating this member milestone,” said Behlendorf. “At a growth rate of nearly two new members joining per week - there’s no telling where we’ll be at by the end of the year - I look forward to working with this growing community to further our open blockchain development efforts."