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Hyperledger’s technical steering committees ensure robustness and interoperability between these different technologies. The hope is that the cross-industry, open-source collaboration will advance blockchain technology and deliver billions of dollars in economic value by sharing the costs of research and development across many organizations.

Hyperledger is identifying and addressing the critical features and requirements missing from the blockchain technology ecosystem. It’s also fostering a cross-industry open standard for distributed ledgers and holding open space for developers to contribute to building better blockchain systems.

Hyperledger has a project life cycle similar to that of the Linux Foundation. A proposal is submitted, and then the accepted proposal is brought into incubation. When a project has reached a stable state, it graduates and is moved into an active state. Each of the projects were initially led by a large corporation or start-up, and since then, many of them have created strategic partnerships to share in the project’s development. For example, Fabric was led by IBM, Sawtooth by Intel, and Iroha by Soramitsu, but now many additional partnerships have helped advance each project.