Citi and Brazilian Development Bank Join Hyperledger Foundation

According to CoinDesk, Citi and the Brazilian Development Bank (BNDES) have joined the Hyperledger Foundation to collaborate on fostering enterprise-grade services and solutions using blockchain technology. The Hyperledger Foundation is a global ecosystem for enterprise blockchain technology, with 134 supporting members, including IBM and American Express. Members of the Foundation are building products and solutions on top of Hyperledger’s code bases. Biser Dimitrov, global head at Citi’s distributed ledger technology center of excellence, expressed excitement about joining the Hyperledger Foundation. The Foundation also announced the launch of a Besu Financial Services Working Group, a collaborative group for enterprise users and code contributors to Hyperledger’s Besu. Besu is an open-source Ethereum client designed for enterprises for both public and private network use cases. The working group includes Accenture, Mastercard, Santander, and Visa, and will be chaired by the Depository Trust and Clearing Corporation (DTCC), which is also a member of the Hyperledger Foundation. Daniela Barbosa, executive director at the Hyperledger Foundation, highlighted the importance of global financial organizations collaborating under the open working group to drive faster and better outcomes.