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Hyperledger Fabric 1.0:

Hyperledger prides itself on being an open-source and fully collaborative work which is intended to advanced cross-industry technologies in the blockchain sphere. Hosted by the Linux Foundation, Hyperledger is a global collaboration which includes a huge range of leaders in banking, finance, supply chains, manufacturing, technology, and Internet of Things.


HYPERLEDGER FABRIC 1.0:

Hyperledger Fabric is a Hyperledger project that is also a blockchain framework implementation. Its key features include:

• Channels for sharing confidential information
• Endorsement policies for transactions
• CouchDB world state to support a wide range of queries
• A bring-your-own Membership Service Provider (MSP) structure
• An ordering service for delivering transactions consistently to peers within the network

Hyperledger Fabric is one of the projects hosted by the Linux Foundation. It is a blockchain framework implementation intended for developing solutions and applications with modular architectures. It offers greater flexibility, making it suitable for development of industry wide blockchain solutions. Consensus and membership services can be plug-and-play components with Hyperledger Fabric, which also makes use of container technology to host "chaincode" that are smart contracts that make up the system's application logic. Hyperledger Fabric was conceived at the first hackathon as an original contribution of Digital Asset and IBM.

Hyperledger prides itself on being an open-source and fully collaborative work which is intended to advanced cross-industry technologies in the blockchain sphere. Hosted by the Linux Foundation, Hyperledger is a global collaboration which includes a huge range of leaders in banking, finance, supply chains, manufacturing, technology, and Internet of Things.

WHY CREATE HYPERLEDGER?

Blockchain technology offers a more revolutionary change to the technology world than pretty much any new development since the web itself. A blockchain functions as a peer-to-peer distributed ledger which is forged by consensus and operated in combination with system for smart contracts and a variety of other helpful technologies. Put together, these technologies can build a whole new generation of transactional application which help to establish strong trust, real accountability, and total transparency, while also providing seamless business processes and streamlining legal constraints.

Essentially, blockchain is a helpful operating system for data-sharing networks, micro-currencies, marketplaces, and decentralized digital communities. This technology can greatly reduce the financial cost and complexity of operating in the real world. Hyperledger is, at its heart, all about software developer communities coming together to build blockchain frameworks and platforms. In order to bring blockchain technologies out into the mainstream commercial world, there really needs to be a clear level of transparency, interoperability, support, and longevity. This can only be achieved by an open-source and collaborative approach to software development - so that's the approach that Hyperledger has taken.

Most of the existing blockchain solutions are very effective when they are applied in a linear market or industry. An example is payment processing. The dynamics of the industry are linear. They do not vary. The algorithms created can be superposed in different markets with slight tweaks. However, applying this at an industry scale is difficult. An industry has different products, players and relationships that cannot be served by the same algorithms or smart contracts. Hyperledger uses masternode technology to create other child-ledgers that can serve specific segments of an industry. This enables industry wide blockchain adoption without compromising the independence on the industry players.

FEATURES:

Shared Ledger Database: With blockchain, a variety of different parties can securely interact with a single reference on what transactions happened. This creates transparency without the need for trusting a centralized organization.

Finance: Blockchain offers better liquidity, higher transparency, easy settlement, and new products and markets. It is also more cost effective because the operation costs are lower than in centralized organizations.

Healthcare: Blockchain works to unite previously disparate processes, improve liquidity and data flow, reduce financial costs, and ameliorate experiences and outcomes for healthcare patients.

Supply Chain: With blockchain you can track parts and service provenance, make sure that goods are completely authentic, stop counterfeit circulation, and reduce conflicts.

Hyperledger Burrow: Hyperledger Burrow is an innovative technology that first entered the market in December of 2014. Burrow is a permissionable smart contract machine which provides a modular blockchain client that supports a fully permissioned smart contract interpreter. Hyperledger Burrow is built in part to specifications of the Ethereum Virtual Machine, or EVM.

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