A collaborative cross-industry effort to advance blockchain technology, Hyperledger Project has announced the addition of 11 new members who have joined the project to help create an open blockchain standard for the new generation of transactional applications.

The 11 new members include Bank of England, Bitmark, China Merchants Bank, Federal Reserve Bank of Boston, Initiative for CryptoCurrencies and Contracts (IC3), Kaiser Permanente, Kubique S.p.A., MadHive, Monax, OSCRE and RadarWin Cyber Technology.

“Growth and interest in Hyperledger remain high in 2017. We’re now at 122 members and seeing even more diverse organizations across industry sectors invest their energy and resources in understanding how blockchain technology can strengthen their own business processes. This new set of members’ combined backgrounds and experiences will be invaluable to the community, as we strive to increase production deployments through this year,” Brian Behlendorf, Executive Director of Hyperledger, stated.

The blockchain project aims to enable its member organizations to build a robust, industry-specific applications, platforms and hardware systems to support their individual business transactions. This is done by creating an enterprise-grade, open source distributed ledger framework and code base. Hyperledger is a global collaboration that includes leaders in the finance, banking, IoT, supply chain, manufacturing, and technology.

Recently, Hyperledger Project added American Express and Daimler AG as Premier members earlier this year.