images Hyperledger Blockchain Solutions: A List Of Advantages They Bring

Five Advantages of Using Hyperledger Frameworks

Posted by : Mudit Kumar | 16-May-2018

  • hyperledger blockchain solutions

    Hyperledger provides a few DLT frameworks maintained by the Linux Foundation to enable the development of custom blockchain applications for businesses.

    Advantages of developing blockchain apps with Hyperledger Frameworks

    On-demand data retrieval

    Hyperledger Fabric’s Channels enable developers for data partitioning. This comes in handy when finance services express concerns about their competitors sneaking into their data.

    With Channels on Hyperledger Fabric, they can expose only the necessary data to authorities and store the sensitive information to data partitions separately.

    Permissioned blockchains

    Not every blockchain network needs to be anonymous and public.  Hyperledger Fabric enables all the participants to have specific identities. Permissioned blockchains refer to the ones that the finance organization require, given the healthcare and data protection in particular.

    For instance, take into account the case of a mortgage company adopting Blockchain. Mortgaging is something that cannot be publicly exposed. This directs for the group of individuals to identify themselves in the network to confirm their authenticity.

    Increased Level of trust

    The way Hyperledger manages  transactions get executed is completely varied than others. This is for reducing the layers of trust and the number of processes of verification a transaction would need to have. Further, it enables transactions to happen quickly and better, without having any after effects.

    Large community support

    The community that is developing Hyperledger Fabric is super live today. Our blockchain developers have been contributing to it. We also aim to become one of the leading contributors to Hyperledger Blockchain Solutions.  With giants like IBM, Toyota and numerous other corporates adopting Hyperledger Fabric in the enterprising landscape, the community, as well as the support, are likely to grow exponentially.

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About Author

Mudit Kumar (Writer)

Mudit has been working with Oodles since 2017. He writes about technologies that not only disrupt the digital space but also influence the physical world. Initially, he explored revolutionary technologies like ERP (Enterprise Resource Planning) and AI (Artificial Intelligence). Now, he focuses on unfolding the elements of blockchain technology, given its potential and edge over others.

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