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Hyperledger: Permissioned blockchains for every industry

The Linux Foundation’s Hyperledger project is an umbrella initiative under which communities are developing interoperable enterprise-grade, open source permissioned blockchain tools and frameworks. Hyperledger currently has over 170 members, including major software and hardware vendors, system integrators, and blockchain early adopters. Its most active project, the Hyperledger Fabric blockchain framework for developing permissioned blockchains, forms the basis of the blockchain services that a number of major vendors (such as IBM, Oracle, and SAP) have taken to market during 2017.

Top takeaways

Hyperledger aims to bring permissioned blockchain technology to the masses

More than a single project, the Linux Foundation’s Hyperledger initiative is the umbrella for multiple, freely available open source and interoperable projects. Its vision is to develop robust standards, tools, and frameworks that help mainstream businesses (across a raft of industries) adopt permissioned blockchain technology, aided by the provision of rich, easy-to-use APIs and application development tools.

Hyperledger Fabric layers business relationships on blockchain networks

Hyperledger Fabric supports a variety of pluggable consensus algorithms and different network node (peer) types, enabling its blockchain networks to be better tuned to particular industry requirements and overarching business relationships. The Hyperledger community is further supporting specific industry use case deployments through best practice and proof-of-concept advice (Finance, and Healthcare now; Supply Chain to come).

Hyperledger Burrow and the inter-ledger divide

The Ethereum-derived Hyperledger Burrow project executes Ethereum smart contracts and has the potential to enable permissioned Hyperledger networks to integrate with Ethereum ones – opening up opportunities for inter-ledger interoperability.

What is Hyperledger?

Hyperledger is not a single project; rather, it was conceived as an umbrella initiative, hosted by the Linux Foundation, for communities to develop interoperable, enterprise-grade, open source permissioned blockchain tools and frameworks. It’s a little like the Apache Foundation’s Hadoop project, with all its related tools, which has acted as a powerhouse of innovation in Big Data software.

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The post Hyperledger: Permissioned blockchains for every industry appeared first on MWD Advisors.

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