Microsoft And Salesforce Join Hyperleder

Technology giants Microsoft and Salesforce joined blockchain consortium, Hyperledger this week.

They are a part of eight new enterprises to be consolidated under Hyperledger. The recruits also include Norilsk Nickel (Nornickel), a Russian metal company; Gloscad, a Polish tech company developing solutions for the agriculture industry; and Milligan Partners, a U.S.-based consulting firm focused on tech solutions for supply-chain management.

These member companies will pay dues based on their respective sizes to Hyperledger, an umbrella project for various business blockchains run by the Linux Foundation, and will build applications using the technology.

Microsoft has been increasingly inclined towards the blockchain space, and have been pushing the boundaries with their offerings by associating with the Coco framework or by offering services like Azure to the community. Infact Microsoft has also been involved with the World Wide Web Consortium (W3C) as well as the Decentralized Identity Foundation (DIF). Marley Gray, principal architect for blockchain engineering at Microsoft, said in the press release,

“Our journey in the blockchain ecosystem has brought us a long way, and now is the time for us to join the Hyperledger community.”

In comparison, Salesforce is new to the blockchain world. It recently accounted its own Salesforce Blockchain which is built on Hypeledger Sawtooth Platform. Salesforce’s entry into the blockchain market recently came when they announced their Salesforce Blockchain, interestingly built on the Hyperledger Sawtooth platform.

They announced in April that they had joined the Blockchain Research Institute (BRI), the global blockchain think tank with participants like Microsoft, IBM, the Bank of Canada, PepsiCo, Raiffeisen Bank, Polymath, and others. The reason why Hyperledger is growing into such blockchain is the dual nature of its benefits. Companies coming aboard are required to pay their dues and contribute to the advancement of the technology – which is reaching new heights in terms of use cases. Hyperledger has turned into a dominant force in the blockchain sector. In being a part of this consortium, the enterprises are on top of all the aspects of the overall development of the sector.