Technology Arm of World’s Largest Commercial Properties, Sports and Film Corporation Backs Mission to Create an Open Blockchain Standard
SAN FRANCISCO, CA–(September 8, 2016) – Hyperledger Project, a collaborative cross-industry effort created to advance blockchain technology, announced today that FFan Technology under Wanda Group has joined as a Premier member of the project. As a Premier member, Wanda will contribute to the development of the project’s mission to create an enterprise grade, open source distributed ledger technology.
“We’re thrilled to see a world class company like Wanda join the project,” said Hyperledger Executive Director, Brian Behlendorf. “Their financial expertise and global reach is sure to be a huge asset, as we continue to bring the Hyperledger community together to advance this new open blockchain infrastructural code base and platform.”
Wanda’s FFan Technology division is helping businesses accelerate their digital transformation initiatives, via its open platform and Cloud infrastructure. Its primary product lines consist of Smart Experience Solutions, FFan Digital Pass and FinTech products, which serve hundreds of millions of people in its massive offline and online ecosystem.
“We’re looking forward to working with Hyperledger and its members as we continue to introduce innovative products and services to accelerate our customers’ digital strategy,” said Charles Cai, Chief Architect and Senior Advisor to the President of Wanda Financial Group. “As a Premier member of the project, we’ll also be able to show our support for building an open, distributed ledger technology with standards that any industry can benefit from.”
Since the beginning of 2016, Hyperledger Project has grown to more than 80 members that span various industries including finance, healthcare, the Internet of Things, Aeronautics, among several others. The project aims to create common distributed ledger technology that enables organizations to build and run robust, industry-specific applications, platforms and hardware systems to support their individual business transactions.
To see a full list of Hyperledger Project’s member companies, visit: https://www.hyperledger.org/about/members
If you’re interested in joining Hyperledger Project as a member company, please visit: https://www.hyperledger.org/join
Dalian Wanda Group was founded in 1988 and is engaged in three key business activities — commercial properties, culture, and finance. In 2015, its assets amounted to 634 billion yuan with revenue of 290.16 billion yuan. Wanda Commercial Properties is the world’s largest real estate enterprise and the biggest five-star hotel owner in the world. Wanda Cultural Industry Group, meanwhile, is the largest cultural enterprise in China, and the world’s largest cinema operator and film company. It is also the world’s biggest sports company. Elsewhere, Wanda Financial Group provides one-stop innovative financial services to retailers and consumers. By 2020, Wanda Group aims to become a world class multinational corporation with assets of $200 billion, market capitalization of $200 billion, revenue of $100 billion and net profits of $10 billion.
About Hyperledger Project
The Hyperledger project is an open source collaborative effort created to advance blockchain technology by addressing important features for a cross-industry open standard for distributed ledgers. It is a global collaboration including leaders in finance, banking, Internet of Things, supply chains, manufacturing and Technology. The Linux Foundation hosts Hyperledger Project as a Collaborative Project under the foundation. To learn more, visit: https://www.hyperledger.org/.
The Linux Foundation/Hyperledger Project