The Hyperledger Project

Though IBM recognized the potential value of blockchain technology for business, it found earlier versions lacking in terms of characteristics needed to support enterprise applications. IBM built an in-house permission-based blockchain, but then decided that the effort needed to be open standard, open source and open governance.

In December 2015, IBM teamed with the Linux* Foundation and 17 other like-minded corporate partners to form the Hyperledger Project (hyperledger.org), an open-source effort targeted at developing an enterprise-grade distributed ledger framework. The distributed ledger framework itself is known as Hyperledger Fabric. IBM initially contributed 44,000 lines of code from its permission-based blockchain, as well as the associated patents.

Learn more about IBM Blockchain and the Hyperledger Project: ibm.com/blockchain/hyperledger.html

—K.L.

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