Hyperledger Project, a collaborative cross-industry effort created to advance blockchain technology, has announced that Airbus, a global leader in aeronautics, has joined the project as a premier member.

As a Premier member, Airbus will actively contribute to the development of the project’s mission to create an enterprise-grade, open-source distributed ledger technology.

“It’s very gratifying to see leading organizations like Airbus join the project, as it shows the immense interest in blockchain technology and that it has the potential to make an impact beyond just the typical financial and healthcare applications,” said Hyperledger Executive Director, Brian Behlendorf. “A key factor to the project’s success will be member expertise and guidance, and as such, I look forward to collaborating with the bright team at Airbus to drive this technology forward.”

Headquartered in Toulouse, France, Airbus is a leading aircraft manufacturer and has expanded its operations internationally with fully-owned subsidiaries in the U.S., China, Japan, India and in the Middle East; spare parts centres in Hamburg, Frankfurt, Washington, Beijing, Dubai and Singapore; engineering and training centres in Toulouse, Miami, Wichita, Hamburg, Bangalore and Beijing; and more than 150 field service offices around the world.

Airbus is the latest addition to the list of premier members of the Hyperledger Project, which includes the likes of IBM, Fujitsu, R3CEV, J.P.Morgan , Deutsche Borse Group, Digital Asset Holdings, Accenture , Hitachi, CME Group, DTCC and Intel.

Hyperledger Project aims to create common distributed ledger technology that enables organizations to build and run robust, industry-specific applications, platforms and hardware systems to support their individual business transactions. By creating a cross-industry open standard for distributed ledgers, any digital exchange with value can securely and cost-effectively be tracked and traded.