With the countdown to the New Year just about to begin, the cross-industry blockchain initiative Hyperledger Project has announced the addition of eight new members to the project.

Last month, the project reached 100 active members in less than one year, a huge milestone for the open source project, hosted by The Linux Foundation. The new members will help create an open standard for distributed ledgers for a new generation of transactional applications.

“This year has been full of growth for the project,” said Brian Behlendorf, Executive Director, Hyperledger. “Not only did we exceed 100 members, Hyperledger met significant development milestones thanks to the community’s hard work. As 2016 was a year of exploration, R&D and prototyping, we’re excited for 2017 to be the year we start to see case studies of the technology in production environments.”

Hyperledger aims to enable organizations to build robust, industry-specific applications, platforms and hardware systems to support their individual business transactions by creating an enterprise-grade, open-source distributed ledger framework and code base. The latest members include CA Technologies, Factom Foundation, Hashed Health, Koscom, LedgerDomain, Lykke, Sovrin Foundation and Swisscom.

“We consider blockchain technology as the next generation infrastructure in the Korean capital market. As an industry leader with 40 years’ experience in the financial IT field, we are looking to leverage this industry disruptive technology,” said Chung Youn Dae, CEO, Koscom. “We will constantly explore the ways to contribute to the blockchain ecosystem, as we collaborate with the Hyperledger community. We also hope to better serve out customers in a more secure and efficient way by integrating blockchain technology and our own Fintech platform.”

Last month, Hyperledger project partnered with the Chamber of Digital Commerce, the world’s largest trade association representing the blockchain industry, to promote the understanding, acceptance and use of digital assets and blockchain-based technologies by leveraging the Chamber’s public policy expertise and Hyperledger’s technology expertise.