Thiruvananthapuram, Apr 1 (IANS): The Kerala Blockchain Academy (KBA) of the state-run Indian Institute of Information Technology and Management-Kerala (IIITM-K) has become the first Indian institution to be granted membership by Hyperledger project hosted by Linux Foundation.

With this, the city-based KBA has become an associate member along with Cambridge Centre for Alternative Finance, of the University of Cambridge, in the Hyperledger ecosystem, which was launched in 2016 with a technical and organizational governance structure and 30 founding corporate members.

An open source collaborative effort created to advance cross-industry blockchain technologies and achieve global collaboration of leaders in finance, banking, internet of things (IoT), supply chain, manufacturing and technology, Hyperledger aims to enable organizations to build robust, industry-specific applications, platforms and hardware systems to support their individual business transactions by creating enterprise-grade, open source distributed ledger frameworks and code bases.

The KBA, the first of its kind in the country is a joint initiative of the IIITM-K and the global Blockchain Education Network (BEN) and seeks to explore the possibilities of leveraging blockchain technology for public good, capacity building initiatives, promoting disruptive innovations and entrepreneurship.