Walmart Joins Open-Source Blockchain Consortium Hyperledger Alongside 7 Other Companies
US’s leading retail chain, Walmart has become the latest big brand to join the Hyperledger, an open-source blockchain consortium. It is amongst the eight members to associate with the Hyperledger platform. The new members were officially unveiled on March the 3rd at the 2020 Hyperledger Forum in Phoenix, Arizona.
The vice-president of the Walmart Global Tech, Sanjay Radhakrishan expressed his deep excitement for this venture, he said:
“We've seen strong results through our various deployments of blockchain, and believe staying involved in open source communities will further transform the future of our business."
Launched in the year 2016, Hyperledger is hosted by the Linux Foundation. The core objective of this platform is to “advance cross-industry blockchain technologies,” and has obtained contributions from Intel and IBM.
Hyperledger Announces New Service Providers
The opening day of the forum held by the Hyperledger bagged eight new members. The company made the announcement of its members, which includes Tangem, a Swiss-based service company. Another name is Aliou Technology, a subsidiary of Blockchain network and IOST which is a business-to-business smart contracts firm.
The six new Hyperledger Certified Service Providers during the forum was also revealed: Beijing Proinsight Technology, Kompitech, LimeChain, Mindtree, Xoaa, and Zhigui.
Brian Behlendor, the executive director of Hyperledger, stated:
“Adding this great mix of new members and HCSPs is a great opening act for Hyperledger Global Forum."
Walmart Embraces Blockchain Technology
Walmart's access to Hyperledger comes almost half a decade after the conglomerate first experimented with the platform.
In October 2016, Walmart partnered with IBM and China’s Tsinghua University to behave as a pilot application using Hyperledger to track the Chinese red meat marketplace. The program sought to enhance food protection by identifying potential contaminants at their source within the supply chain.
Walmart soon commenced filing patents relating to the blockchain era, with the organization submitting to patent a machine the usage of blockchain generation to trace packages introduced via drones at some stage in May 2017.
2018 noticed Walmart make numerous filings with the U.S. Patent & Trademark Office, including patents focused on payments, shipping, and deliver chain systems.
During June 2019, Walmart joined the pharmaceutical-song blockchain consortium Mediledger. Last month, MediLedger posted a report urging the U.S. Food and Drug Administration to undertake a blockchain era to trace drug distribution and discourage the black marketplace opiate trade.
3-song blockchain consortium Mediledger. Last month, MediLedger posted a report urging the U.S. Food and Drug Administration to undertake a blockchain era to trace drug distribution and discourage the black marketplace opiate trade.