The Linux Foundation's Hyperledger project has announced that 10 new members have joined the project in order to help create an open standard for distributed ledgers for a new generation of transactional applications.

The Hyperledger project currently comprises of 95 members and the announcement was made during Money20/20 event in Las Vegas. The new members of the project include Huawei, Hundsun Technologies Inc., Hyperchain Technologies (Hangzhou Qulian Technologies Co., Ltd.), Murphy & McGonigle, P.C., National Stock Exchange of India, Nokia, theloop Inc., Sberbank, Shenzhen Qianhai Zhaogu Financial Service Co. Ltd. and Shenzhen Xinguodu Technology CO.,LTD.

“I am pleased to see the Hyperledger community growing so rapidly and on such a global scale. The support from these new members is extremely beneficial and their varied expertise will help drive our open blockchain technology efforts forward, as well as ensure that future projects are developed with best practices in mind from the onset,” Brian Behlendorf, executive director of the Hyperledger Project said.

The new members will work on a rapidly growing and diverse group across finance, banking, Internet of Things (IoT), supply chains, manufacturing, among others. The Hyperledger project aims to help organizations build and run robust, industry-specific applications, platforms, and hardware systems. It will help support individual business transactions by creating an enterprise guide, open source blockchain framework and code base.

“We’re thrilled to join Hyperledger and are proud to be part of this effort to create an open standard for distributed ledger technology. Huawei continues to strive to make technical breakthroughs and we believe blockchain is the next evolution to help meet the needs of our customers; we’re looking forward to working with this diverse community and making it grow stronger,” Hexiaoxiang, VP of Engineering at Huawei said.