Mindtree joins open source blockchain community Hyperledger

IT services firm Mindtree has joined an open source blockchain community Hyperledger. 

Being a general member of the Hyperledger group will help the company offer industry-specific blockchain solutions to prospective clients, the company said in a statement. 

Mindtree was recently acquired by engineering conglomerate Larsen and Toubro.

The Hyperledger project, like most open source projects, is a multi-stakeholder effort and is hosted by the Linux Foundation. It is built around 14 business-based blockchain and distributed ledger technologies.

A distributed ledger is also known as a shared ledger. It consists of replicated and synchronised data that is spread across multiple geographical locations. It has no central data centre or a central administrator.  

Hyperledger focuses on building industry-specific applications, platforms and hardware that can be used in enterprise environments, the release said.

Mindtree has been making strategic investments in blockchain since 2016. Through the Hyperledger community, the software company will have access to whitepapers, use cases, solutions and a talent pool.

“Enterprises are seeing the strategic value and want to adopt Blockchain to reimagine some of the current process areas and implement futuristic solutions. With this membership, we will be able to assist our customers in realizing their vision in implementing these solutions,” Madhusudhan KM, chief technology officer, Mindtree, said in the statement. 

The Hyperledger community currently includes 270 organisations including technology companies, startups, service providers and academics.