Virtual reality firm YDreams Global Interactive Technologies has become the latest member of the Linux Foundation-backed blockchain consortium Hyperledger.
The announcement comes as the firm also reveals that it is expanding its blockchain, ICO and and cryptocurrency development, according to a press release.
YDreams Global's CEO, Daniel Japiassu, indicated that the technology company plans to apply these developments towards its virtual reality content and distribution worldwide.
"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."
Hyperledger, an open-source effort set up to develop cross-industry blockchain technologies, has drawn members from various industries including banking, "internet of things" and supply chain, among others.
Handshake image via Shutterstock
The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Have breaking news or a story tip to send to our journalists? Contact us at firstname.lastname@example.org.