The Hyperledger Project, a collaborative cross-industry effort created to advance blockchain technology, has gained Daimler AG, one of the world’s successful producers and manufacturers of finest vehicles, as its premium member.

With the addition, Daimler aims to focus on prospective future topics as well as maintaining and continuing to optimize its core business in a systematic manner by investing in blockchain technology. With its premier membership in Hyperledger, the company will be represented on the consortium's governing board by Jonas von Malottki, Head of the Department for Daimler’s Finance and Controlling IT Solutions.

“Being a part of Hyperledger allows us to collaborate with a global network of experts in order to build the cross-industry blockchain standard, for customers, supply chain, digital services, financial services and financing tools,” Kurt Schäfer, Head of Treasury at Daimler AG, said in the release. “We look forward to joining this community.”

Recently, Hyperledger added American Express (AmEx) as its premier member and previously, ended the year 2016 with the addition of eight new members. With an aim to build common blockchain technology that allows organizations to create and run robust, industry-centric applications, and platforms, Hyperledger boasts over 115 members from industries across finance, healthcare, the Internet of Things, credit card services and aeronautics, among others.

“Having one of the world’s leading industrial and transport companies join Hyperledger is very exciting. The diversity of our membership continues to grow, demonstrating that blockchain technology has the potential to impact many industries and transform the way business processes are handled. I’m looking forward to the contributions and skills Daimler’s team brings to the project,” Brian Behlendorf, Executive Director of Hyperledger, stated.