Thiruvananthapuram April 1 (IANS) The Kerala Blockchain Academy (KBA) of the state-run Indian Institute of Information Technology and Management-Kerala (IIITM-K) has become the first Indian institution to be granted membership by Hyperledger project hosted by Linux Foundation.
With this the city-based KBA has become an associate member along with Cambridge Centre for Alternative Finance of the University of Cambridge in the Hyperledger ecosystem which was launched in 2016 with a technical and organizational governance structure and 30 founding corporate members.
An open source collaborative effort created to advance cross-industry blockchain technologies and achieve global collaboration of leaders in finance banking internet of things (IoT) supply chain manufacturing and technology Hyperledger aims to enable organizations to build robust industry-specific applications platforms and hardware systems to support their individual business transactions by creating enterprise-grade open source distributed ledger frameworks and code bases.
The KBA the first of its kind in the country is a joint initiative of the IIITM-K and the global Blockchain Education Network (BEN) and seeks to explore the possibilities of leveraging blockchain technology for public good capacity building initiatives promoting disruptive innovations and entrepreneurship.
--IANS
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