Blockchain technology has been evolving and rapidly changing businesses and the way businesses operate. The blockchain technology brings a lot of potential and opportunities to develop sustainable solutions with efficient transaction management. In this article, I would like to focus on a blockchain project that is developed for industries and businesses.
What is Hyperledger?
“Hyperledger is an open source collaborative effort created to advance cross-industry blockchain technologies. It is a global collaboration, hosted by The Linux Foundation, including leaders in finance, banking, Internet of Things, supply chains, manufacturing, and Technology.”
The Linux Foundation?
Yes, it is the same organization that supports the creation of sustainable open source ecosystems. It is managing many well-known open source projects such as the Linux Kernel (Yes, the same kernel that powers billions of devices across the globe), NodeJS, Let’s Encrypt to name a few.
Ok so now it is getting serious…
Let’s take a look at some more history about Hyperledger Project
The Hyperledger project was launched around 2015–2016 with a technical and organizational governance structure and 30 founding corporate members. Initially, the Hyperledger Technical Steering Committee welcomed two business blockchain frameworks: Hyperledger Fabric, a codebase combining work from Blockstream and OpenBlockchain from IBM; and Hyperledger Sawtooth, developed at Intel’s incubation group.
What is Hyperledger Fabric?
It is a platform for distributed ledger solutions, underpinned by a modular architecture delivering high degrees of confidentiality, resiliency, flexibility, and scalability. It is designed to support pluggable implementations of different components, and accommodate the complexity and intricacies that exist across the economic ecosystem.
In our next article, we will come up with the more details of Hyperledger Fabric and its features.
Why should you check further? Because it has the potential to change the way you transact and operate your business.