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Chinese multinational conglomerate Wanda Group joins Hyperledger blockchain project
Linux Foundation’s Hyperledger Project is continuing to add members to the collaborative cross-industry effort created to advance blockchain technology.
FFan Technology under Wanda Group, a Chinese multinational conglomerate and the world's largest commercial properties, sports and film corporation, has joined the project as a Premier member. In its capacity 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.
"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 technology arm, FFan Technology division, is helping businesses accelerate their digital transformation initiatives, via its open platform and cloud infrastructure. Its primary product lines consist of Smart Experience Solutions, FFan Digital Pass and FinTech products, which serve hundreds of millions of people in its massive 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."
The announcement follows the addition of 17 new members to the initiative last month. Since the beginning of 2016, Hyperledger Project has grown to more than 80 members that span various industries including finance, healthcare, the Internet of Things, Aeronautics, among several others.