New members unite with the mission of providing more tools for development. Input Output Hong Kong group, developer of Cardano, also joins the group.

The Hyperledger consortium, from the Linux Foundation, is welcoming IOVLabs (Internet of Value Labs), the Argentine startup that created the Bitcoin RSK sidechain, together with 7 other companies, as its new members. IOHK, the developer of Cardano (ADA), is part of the group, according to a June 11 press release.

The collaborative open source project Hyperledger seeks to advance the development of blockchain technology across industries. The global collaboration between companies and experts to facilitate and improve the adoption of blockchains emerged in 2015 and now has more than 250 members, among which are large companies such as ABN Amro, American Express, Daimler, Fujitsu, IBM, Intel, Microsoft, and JPMorgan.

The mission of the new members is to join efforts, provide research, libraries, and business-quality open source tools, to continue advancing technology and developing blockchain projects.

Diego Gutiérrez Zaldívar, CEO of IOVLabs, says that they are pleased to be part of the Linux Foundation, the leader in the promotion of open source software and ecosystems. He notes that all the software that the RSK network uses and IOVLabs develops is open-source, and their spirit closely aligns with that of Linux. He explains that their membership in the Linux Foundation and Hyperledger will accelerate the adoption of open blockchain standards that foster financial freedom, transparency, and trust.

Another startup in the group, together with IOVLabs, is DB Systel GmbH, the technological arm of the German railway company Deutschen Bahn AG. It focuses on developing a comprehensive platform for the entire transport industry, based on the transparency and information shared.

Development in Latin America

Also joining is Atomyze, the commodity tokenization platform that is working with Nornickel, the largest producer of high-grade palladium and nickel. Besides, Binarystar, the largest blockchain business center in Japan, is uniting. Likewise, Public Mint, a fiat currency payment processor that uses blockchain, joins the Global Blockchain Business Council (GBBC) and InterWork Alliance (IWA), two organizations that focus on promoting blockchain-based technology.

Argentine startup IOVLabs, one of the smallest to join the group, recently launched its new permissioned blockchain platform. There they are developing the pilot plan for certification based on smart contracts, called Gasnet, designed to ensure and accelerate the process for the certification of gas, with a chronic delay in Argentina.

IOVLabs is also part of the consortium that works with the Central Bank of Argentina on the interbank platform based on smart contracts on RSK. It is operating with six nodes, one for each participating institution, including Banco Santander, BBVA, Bancor, ICBC, Interbanking and Bolsas y Mercados Argentinos (Argentine Stock Exchanges and Markets, BYMA).

Since it acquired RSK Labs in November 2018, the Argentine startup has been on a constant expansion program. Now, it has offices around the world, including places like Gibraltar, Singapore, Shanghai, and Uruguay. In 2019, IOVLabs acquired Taringa, the largest social network in Latin America, with an estimated 30 million users.

By Alexander Salazar


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