Ethereum Co-Founder Joe Lubin Joins Governing Board of Hyperledger

Ethereum co-founder Joseph Lubin is to join the board of the Linux Foundation-led blockchain consortium Hyperledger.

The move comes as ConsenSys, the ethereum improvement startup established by Lubin, turns into the most recent Hyperledger premier member, ConsenSys reported on September 11.

ConsenSys said it would fill in as a part of the group to investigate interoperability between blockchains, as well as to elevate measures to help “enterprise-grade blockchain environments.”

ConsenSys’ PegaSys protocol engineering group earlier presented its ethereum client, previously known as Pantheon, to the group as the Hyperledger Besu venture. Besu, meant to offer a platform to “open development and deployment,” denotes the first public blockchain-compatible submission to Hyperledger, the company said.

As per Lubin:

“PegaSys and ConsenSys have been committed to open source software and submitting Hyperledger Besu to Hyperledger demonstrates that commitment. Public networks with tens of thousands of nodes are most appropriate in a world in which we will see the tokenization of many types of assets and resources.”

Hyperledger now has more than 270 member companies over businesses such as banking, finance, IoT, manufacturing, technology, and supply chain. The administering board currently has 22 premier member, including Consensys.

“The more technologies and members we have working together, the stronger the foundation we can collectively build for blockchain-based solutions,” said Hyperledger executive director Brian Behlendorf.