January 30, 2017

AmEx Joins JPMorgan, IBM in Hyperledger Blockchain Effort

American Express Co. is elbowing its way into the crowded blockchain party.

The biggest credit-card issuer by purchases has signed on to the Hyperledger Project, a industry group of more than 100 membersdeveloping blockchain technology for corporate use. The digital ledger known for underpinning bitcoin has potential to reshape the global financial system and other industries.

American Express will contribute code and engineers to Hyperledger, which was started by the Linux Foundation in 2015 and now counts companies like International Business Machines Corp., Airbus Group SE and JPMorgan Chase & Co. as members.

Read more at Bloomberg

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