The Moscow Exchange Joins HyperLedger

The Moscow Exchange has become Russia’s first-ever organization to join an international blockchain consortium. The exchange is now a member of HyperLedger, a project headed by the Linux Foundation.

Sergey Polyakov, the exchange’s managing director for IT, said in a statement:

“The distributed ledger technology is gaining importance in finance industry. The Moscow Exchange group actively researches the perspectives of blockchain solutions for trading, clearing, and settlements. The first results of our work are already live. The National Settlement Depository is developing E-proxy Voting, a pilot project for electronic voting of bondholders based on that technology.”

HyperLedger has been launched in December 2015 under the auspices of the Linux Foundation. The project’s aim is to promote blockchain technology by identifying and developing an open standard for distributed ledgers capable of changing international business transactions.

HyperLedger also organizes a platform for communication sessions for businesses and developers, and promotes commonly recognized international blockchain standards for finance.

The list of HyperLedger members includes both major financial players like J.P. Morgan, ABN AMRO, BNY Mellon, Fujitsu Limited, SWIFT, CME, Deutsche Boerse and LSE; and major IT companies, like IBM, Cisco, Intel, and Red Hat.

This year several new members joined the consortium, including blockchain startups Blockstream, Bloq, Gem and itBit.