VR Company YDreams Global becomes latest Hyperledger member

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Virtual reality development firm YDreams Global Interactive Technologies has become the latest company to join the Hyperledger blockchain consortium. The company also announced steps to expand their efforts with the blockchain, as part of a wider corporate strategy to embrace emerging technologies.

The firm became a member of the Linux-led Hyperledger project this week, alongside several other notable new additions including Oracle, Bosch, and Baidu.

The move comes alongside news of a planned expansion in research into blockchain technologies at the company, with YDreams Global establishing a dedicated blockchain and ICO division to focus on further development efforts.

Daniel Japiassu, the firm’s CEO, said the decision to join Hyperledger is further confirmation of their commitment to expand the use of blockchain technologies at YDreams Global.

“We are dedicated to expanding our Blockchain, ICO and cryptocurrency technology which can be applied towards such things as Virtual Reality content and distribution worldwide. The collaboration with the Hyperledger Foundation is an exciting step forward in that direction. It is important to note the significance of Blockchain and cryptocurrencies such as Bitcoin and Ethereum to the future of the Company and the growth of the Virtual Reality contents created by YDreams”.

Content distribution and in-app payments are two specific areas where blockchain solutions could impact YDreams Global, but for the time-being their specific focus remains unclear.

Yet the decision of YDreams Global to become the latest company to commit further to blockchain research, both through Hyperledger and their own dedicated business unit, points to a firm expectation of relevant use-cases.

The Hyperledger consortium is a group of over 150 different organisations, working in cooperation to develop standards and protocols for enterprise blockchain development.

IBM, Intel and Fujitsu line up alongside JP Morgan, American Express, Daimler, and now YDreams Global in the open source project, working in partnership to develop blockchain frameworks, such as Fabric.

Their Fabric 1.0 platform was officially released back in July, and has already been used in a number of end applications and proof-of-concept models, including several enterprise projects undertaken by IBM.