The Hyperledger Project, a collaborative cross-industry effort created to advance blockchain technology, announced that its project Hyperledger Fabric has acquired the status from Incubation to Active that was approved by the Technical Steering Committee (TSC).

The TSC members have agreed that the project has satisfied all of the Incubation Exit Criteria, although Hyperledger Fabric has not yet reached its v1.0 release. Projects are evaluated with respect to exit criteria in order to graduate from Incubation. These include legal compliance, community support, documentation, architectural alignment, published releases, and infrastructure support as requirements and defect tracking, code reviews, continuous integration testing among others.

“One of the most important of these criteria is the community support criteria. The most successful and sustainable open source projects grow out of a diverse community of contributors, where the loss of any one individual or company can be compensated by the community as a whole. The TSC members agreed that Fabric had made significant progress towards that diversity goal, and given the trajectory, agreed that the criteria were satisfied,” Brian Behlendorf, executive director of Hyperledger said in the post.

After the Hyperledger Fabric project entered incubation, the diversity of contributors on Fabric-related projects has grown to 45% who represent individual contributors or developers working for one of nineteen other companies, be they exchanges, banks, large ISVs or start-ups, among others.

The Hyperledger Fabric has been growing in terms of sub-projects that are contributed by other community members such as London Stock Exchange, DTCC, Fujitsu, and others. The project team has been working on finalizing the development of the v1.0 alpha release, which they hope to publish this month.

“This is a huge step for the Hyperledger community. The graduation of Fabric represents a milestone for the Hyperledger community as a whole, and I’m eager to see the other projects follow suit,” Behlendorf, added.

Last week, the project added 11 new members to its consortium totaling to more than 120 members including IBM, JPMorgan Chase & Co, Cisco Systems Inc. and the Bank of England, among others.