Monax Industries Limited, an enterprise blockchain, and smart contracts company, announced that it has joined the Linux Foundation's open source Hyperledger Project.

Joining as a general member, Monax will be able to bring a custom implementation of cutting-edge Ethereum blockchain technology to the Project.

"We're very pleased to be joining Hyperledger and submitting our client for consideration by the TSC. From our perspective joining has many merits. Our users will benefit greatly from the confidence of Hyperledger's strong community and code governance frameworks,” Casey Kuhlman, CEO of Monax, stated.

By joining with the consortium's members like IBM and Intel, Monax is re-licensing its blockchain client. This will include a built-to-specification Ethereum Virtual Machine ("EVM"), to Apache 2.0 and proposing it to Hyperledger Technical Steering Committee ("TSC") for incubation, the official release stated.

"We're very happy to welcome Monax aboard. Although a lot of big names have joined Hyperledger, cutting-edge startups like Monax have a great deal to contribute as well, both in terms of code and new ideas. We're especially excited at the prospect of bringing more Ethereum-related technology into the Hyperledger community, complementing the existing portfolio of projects,” Brian Behlendorf, Executive Director of Hyperledger, mentioned. “Monax's proposal and code make this possible, and we are looking forward to working with them and the new participants this effort will attract.”