The Russian company is interested in developing blockchain solutions for clearing and settlement operations. It became one of the seven new members added to the consortium.

Moscow Exchange also looks for an opportunity to use the blockchain for trading operations. Joining the consortium will enable it to cooperate with key developers and participate in establishing international standards for the blockchain sector. According to the company’s press release,

“Participating in the consortium allows Moscow Exchange to access international expertise and solutions in the field of the bitcoin technology.”

One of the subsidiaries of the company, the National Settlement Depositary (NRD), has already started work on a pilot project developing a blockchain-based system for electronic voting. As the NRD told CoinFox earlier, the depositary is also exploring the possibility to use blockchain in such areas as financial messaging, mutual investment funds and registers of security owners.

Other six companies to join the consortium run by the non-commercial Linux Foundation are Chinese IT company Belink Technologies, Shanghai blockchain startup BitSE, consulting company INVeSHARE, blockchain company MonetaGo, Swedish blockchain developer Norbloc and blockchain wallet Onchain, says the consortium in a press release.

Hyperledger was established in December 2015. Its primary objectives are the promotion of the blockchain technology, development and support of open-source distributed ledgers alternative to the bitcoin blockchain. Among its members are the blockchain developer Blockstream, blockchain services providers Bloq and Gem, itBit bitcoin exchange and the multinational corporation Thomson Reuters. Since May 2016, the CEO of the organisation is Brian Behlendorf, the lead developer of Apache web server and former member of Mozilla Foundation.

Lena Platonova, Alexey Tereshchenko