- What is

Hyperledger Blockchain


Hyperledger is a project,not a technology.
You don’t build stuff on it.

Definition:


Hyperledger is an open source community focused on developing a suite of stable frameworks, tools and libraries for enterprise-grade blockchain deployments.

Projects Info:


  • The Linux Foundation runs many projects, the most well-known of which is Linux, the open source operating system, with the iconic penguin logo.
  • Currently the website lists 53 such projects.
  • Projects run by the Linux Foundation use open source governance best practices.
  • An “Umbrella” for Open Source Blockchain & Smart Contract Technologies.
  • Hyperledger Project is just one of the many projects run by The Linux Foundation.


The Linux Foundation’s “Hyperledger” Project:


  • The Hyperledger project is an open source collaborative effort created to advance cross-industry blockchain technologies.
  • It is a global collaboration including leaders in finance, banking, IoT, supply chain, manufacturing and technology.
  • The project aims to bring together a number of independent efforts to develop open protocols and standards, by providing a modular framework that supports different components for different uses.
  • This would include a variety of blockchains with their own consensus and storage models, and services for identity, access control, and contracts.

- Kinds of

Hyperledger Projects

Hyperledger is a global collaboration, hosted by The Linux Foundation, and includes leaders in finance, banking, Internet of Things, supply chains, manufacturing and Technology.

Hyperledger FABRIC:


Fabric is Hyperledger most active project to date.

It is a permissioned blockchain, originally contributed by IBM and Digital Asset.

A unique characteristic of Fabric is that its distributed ledger and smart contract platform allows for private channels.

Capability of executing of Smart Contracts (called "chaincode" in Fabric) and configurable consensus and membership services.

Examples:


  • IBM Food Trust: Blockchain-based service designed to improve food source traceability Walmart, Kroger, Driscoll’s, Dole, McCormick, McLane Co., Nestlé, Tyson Foods, Unilever etc.
  • NIIT Technologies Chain-m, a Blockchain powered solution for Airlines and its partners.
  • China’s largest retailer, JD.com, offers its own JD Blockchain Open Platform to help enterprise customers streamline a wide range of operational procedures.
  • The China Pacific Insurance Company is using JD Blockchain platform to deploy a traceable system for e-invoices, which are official receipts required in China for business.
  • American Association of Insurance Services, a not-for-profit insurance advisory organization, has developed openIDL (open Insurance Data Link), designed to automate insurance regulatory reporting.


Hyperledger SAWTOOTH:


Contributed mainly by Intel.

It includes a novel consensus algorithm called (POET) Proof of Elapsed Time, A lottery-design consensus protocol.

Sawtooth consensus software targets large distributed validator populations with minimal resource consumption.

It may give us the ability to build very broad and flat networks of hundreds to thousands of nodes.

Supports Ethereum smart contracts via "seth".

Example:


Direct trade organic coffee seller Cambio Coffee provides a clear, traceable supply chain path for its products–from harvesting to roasting, packaging, and shipping.

So customers could learn the exact details of what they are buying and drinking.

“Our goal is to connect the consumer to the origin story,” Cambio Coffee.
“So far we have been doing it through our marketing material. Now blockchain technology gives us a way to validate our claims.

Hyperledger INDY:

The idea is to provide digital identities for individuals and give them the power to share their identity with whom they chose.

Instead of being an entry in a giant database, you have your data and deal programmatically with different organizations who want to check your identity.

Companies don’t have to store so much personal data. They can store a pointer to the identity.

Indy’s blockchain software is based on data minimization.

When a company is done with your data, it throws it away.

Hyperledger BURROW:


Burrow project includes a permissioned, smart-contract interpreter built in part to the specification of the Ethereum Virtual Machine (EVM), hosted by The Linux Foundation.

Ethereum platform is used both for cryptocurrency as well as for smart contracts. It’s written with the Solidity programming language,
Within the Burrow Project, the EVM is the interpreter for smart contracts that run across the Ethereum network.

Light weight & Fast, uses BFT consensus algorithm.
Many well-known companies belong to the Enterprise Ethereum Alliance, including JPMorgan, Microsoft, Accenture, BP, and Cisco.

Hyperledger IROHA:


Iroha project is a bit of an outlier within Hyperledger.

It originated with some developers in Japan who had built their own blockchain technology for a couple of mobile use cases.

BFT consensus algorithm, No mining, Robust permission system, Command (Build in Smart Contract) less room for errors.

It’s implemented in C++ which can be more high performance for small data.

Being used in Kingdom of Cambodia to create a new payment system alongside the.

National Bank of Cambodia, (along with healthcare, finance and identity management.)

- To learn about

Blockchain Versions

- Get in

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