Internet Heavyweight Joins Open-Source Blockchain Consortium


The Hyperledger Project, the developer of blockchain software that’s backed by IBM, Wells Fargo & Co. and other titans of technology and finance, has a new leader.

The group has hired Brian Behlendorf, 43, as executive director, according to a statement Thursday. He was a key developer of Apache, the software that powers much of the web, and alsoworked for the World Economic Forum and President Barack Obama’s administration.

The consortium is promoting blockchain, the ledger software that makes bitcoin possible, as a way to reshape how business transactions are recorded. 

Read more at Bloomberg Technology