Hyperledger Blockchain Development | Everything You Need to Know

Hyperledger Blockchain Projects | Everything You Need to Know

Posted by : Mudit Kumar | 09-Jul-2020

  • Hyperledger Development

    Hyperledger isn’t a company, a crypto exchange, a single blockchain, or even an IBM blockchain coin. Hyperledger blockchain app development is more like a hub for the development of open industrial blockchain. solutions.

    What is Hyperledger 

    Hyperledger is an open-source community dedicated to developing a collection of secure, efficient, and stable frameworks, tools, and libraries for enterprise-grade blockchain solutions development. It is a joint initiative organized by The Linux Foundation which encompasses leaders in finance, banking, the Internet of Things, supply chains, manufacturing, technology, and more. As it is built under technical governance and open collaboration, individual creators, service and software providers, policy agencies, business leaders, and end-users are all encouraged to engage in the creation and promotion of this game-changing technology.

    As it is with the Linux Foundation, Hyperledger also has a modular approach for project hosting. The Hyperledger greenhouse hosts the development of blockchain projects, from Hyperledger Labs (seed) to production-ready stable code (fruition). It serves as a neutral home for various distributed ledger frameworks including Hyperledger Fabric, Sawtooth, Indy, as well as tools like Hyperledger Caliper and libraries like Hyperledger Ursa.

    It invites all to contribute to the development of the greenhouse which is essentially jointly augmenting industry goals of technologies like a distributed ledger and smart contracts.

    Also, Read | Advancing Business Blockchain Adoption with Hyperledger Projects

    Why Hyperledger 

    To understand the importance of Hyperledger blockchain app development, let’s look at the key concerns an enterprise might have in blockchain adoption

    Data Privacy and confidentiality

    Enterprises have proprietary data that can not be made available to the public at large even though they need to share it with various agencies. Companies have different agreements with other member organizations, which require knowledge sharing but not necessarily with others like public blockchains.

    Efficient and quick transactions

    Enterprises have a high frequency of transactions but can not afford to commit delays for a transaction due to business reasons.

    Modular design approach

    When it comes to business-ready solutions, one size fits all is not pragmatic. Enterprises also have systems that need to be leveraged. A common example of this is the reuse of LDAP, or other identity management functions that an organization already has.

    Hybrid approach

    As a company, the value chain has key processes that can significantly benefit from the Distributed Ledger Implementation and need to incorporate and co-exist with the other processes within the organization.

    B2B focus

    Some of the main technical problems in large organizations apply to B2B situations or to collaborating with partners. It is mainly due to the technical difference of each of these parties in the ecosystem which makes data sharing and integration difficult and costly.

    Mining and legal restrictions on the location of nodes

    Enterprises also have laws or policies about where the data can reside. Similar laws apply to some sectors in North America, and similar legislation exists in the European Union. Because of these reasons, a publicly mined blockchain is not an option

    HyperLedger responds to many of these business problems and aims to be a solution for each of its use cases.

    Also, Read | Build and Deploy Enterprise Solutions using Hyperledger Technologies

    Hyperledger is a good choice

    Hyperledger is designed and developed with an enterprise-ready view.

    • It’s a Linux based open source platform backed up by major industry companies such as IBM, SAP, and supported by leading businesses. It comprises all the key features of blockchain and more.
    • Hyperledger provides permissioned blockchain solutions with additional features such as a platform for improved data protection and privacy.
    • Enterprise/consortium will determine where the nodes will be and there is no need for support from public miners.
    • The modular design approach enables Hyperledger to plug and play different elements into the stack depending on a company’s unique requirements.
    • Fast integration with other Digital technologies-and demonstrated with IBM Watson integration, SAP Leonardo, and more.

    Hyperledger Projects 

    A modular blockchain framework with a permissioned smart contract interpreter partly built to Ethereum Virtual Machine (EVM) specifications.

    Also, Read | Benefits, Architecture, Tools and Use Cases of Hyperledger Projects

    HYPERLEDGER FABRIC

    A framework with a modular architecture for developing distributed ledger solutions that provide a high degree of confidentiality, accessibility, stability, and scalability. This makes it possible for solutions built with Fabric adaptable by any industry.

    HYPERLEDGER INDY

    A distributed ledger that offers purpose-built tools, libraries, and reusable components for decentralized identity.

    HYPERLEDGER IROHA

    A blockchain system designed to be fast and easy to integrate into projects for enterprises.

    HYPERLEDGER SAWTOOTH

    A modular framework where distributed ledgers are designed, deployed, and run. Sawtooth has a new form of consensus, proof of the time elapsed (PoET) that requires far fewer resources than a proof of work ( PoW).

    Hyperledger Use Cases 

    Also, Read | Industry-Specific Use Cases of Hyperledger Frameworks

    Banking

    ompanyompanyBanking networks aren’t equipped to adequately resist all kinds of cyberattacks.

    Therefore, they need a higher level of defense that would fend off all the attacks. Finding these culprits is a simple breeze, with the aid of the Hyperledger fabric. Even so, the tech provides membership access, and all that happens on the network is on the ledger. Additionally, no one from outside or inside can crash the system due to top-notch protection.

    Financial Services

    Financial services typically have primary needs in transparency, confidentiality, and privacy. A Hyperledger project-based network here can isolate nodes and give them their very own privacy. Thanks to the robust consensus algorithms, replication of the same data is also not possible. Anyhow, financial services may also use Hyperledger fabric for smart contracts. Here, without a fuss, they can start a smart contract and that will get rid of all the complexities of paperwork.

    Trade

    Trading brings plenty of ups and downs. The foreign trade mechanism is not really up to the market since there is no confidence between the two trading partners. As a consequence, many of them suffer from theft, such as failing to supply the items or not paying up even after the products have been purchased. However, with Hyperledger, you can track the whole thing from the platform and use smart contracts to automate the payment when the goods arrive. So, it’s a win-win situation for both parties.

    Healthcare

    The sector suffers from major problems of counterfeiting, fake credentials, and violations of privacy. As the system isn’t well up-to-date, it doesn’t test a physician’s credentials before recruiting them. Also, because there are no adequate surveillance devices, many counterfeit drugs get into the system. A lot of patients suffer badly as a result. On the other side, patients do not want to become a public property with their personal medical history. Yet the program can not guarantee full privacy and this is what the common people are suffering from. However, you can get all the features in one network with the latest tech. It will be much easier to check credentials, track drugs, and protect privacy than to avoid.

    Supply Chain Management

    Supply chain management is truly a fantastic industry where ventures with Hyperledger will shine. This business is one of the most difficult to handle. Every single step in managing this supply chain is complex. It is difficult to trace all the products and production lines to ensure it reaches the customers without being robbed. Even those industries will streamline anything in real-time with Hyperledger projects like Fabric and Sawtooth. It will be an easy call to see if the materials have consistency or to inspect, or even store the manufacturing line properly. The tech also makes sure that no one can steal the items and replace them with falsified products.

    Also, Read | Solving Supply Chain Challenges with Hyperledger Sawtooth

    Automotive

    The automotive industry can deal with security concerns with support from the development of Hyperledger blockchain. Furthermore, it can track a vehicle and provide solutions for micropayment to ride-sharing applications. Tracking parts is also another great plus point in this scenario. Therefore it is fairly exceptional to have a safe drop point for some kind of payments relative to the niche.

    Conclusion

    Blockchain development with Hyperledger goes far beyond being just a repository of blockchain techs, spanning industry as well as industrial worlds. It is intended for high-scaling business applications, offering effective solutions to improve and automate current processes, and creating new ones. It has proven to be a stable network of blockchain companies with huge potential, where any company can profit.


  • image

    Hyperledger project is an open-source, distributed ledger system based on blockchain technology. The center of attraction of the Hyperledger is its ability to enable advanced cross-industry collaboration. The reason to bring Hyperledger into existence is to provide support to open protocols for various industries and thus, acts as an intermediary for digital communities based on the decentralized model.

    Created to facilitate blockchain for enterprises, Hyperledger started in 2015 when many companies influenced with blockchain technology apprehended that they could accomplish more by operating together than separately.

    These firms decided to merge their resources and form open-source blockchain technology accessible.

    Hyperledger was placed under the management of the Linux Foundation. Since then, it has grown quickly in recent years.

    Those of us associated with Hyperledger believe the tomorrow of blockchain will include modular, open-source platforms that are easy-to-use.

    With Hyperledger Blockchain Development, we strive to form an
    environment that allows us to turn this vision into a reality.

    Hyperledger Intent Infrastructure::

    Distributed ledger technologies can vastly vary in requirements for different use cases.

    For example, when there is a need for participants to share high levels of trust— like between financial institutions
    with legal settlements—blockchains can add blocks to the chain with quicker confirmation times by utilizing a swift and fast consensus method.

    Hyperledger adopts the full spectrum of use cases as different business scenarios have different specifications for confirmation times, decentralization, credibility, and other things, and that each point describes a possible “optimization point” for the technology.

    To deal with this diversity, all Hyperledger projects work on the same philosophy and all of them must be:

     

    • Modular
    • Highly secure
    • Interoperable
    • Cryptocurrency-agnostic
    • Complete with APIs

     

    • Modular

    Hyperledger is creating modular, extensible frameworks with reusable common building blocks.

    This modular technique allows developers to research different kinds of components as they expand or evolve. Also, changes individual components without impacting the rest of the system.

    This helps hyperledger blockchain developers to develop components that they can combine to create efficient distributed ledger solutions best-suited to different specifications.

    This modular approach also proposes that a wide community of developers can operate independently on separate modules, and re-use standard modules across various projects.

    The Hyperledger Architecture Working Group defines functional modules and interfaces for problems such as consensus, communication, cryptography, ledger storage, smart contracts, identity, and policy.

    To know more, visit wiki.hyperledger.org/groups/architecture/architecture-wg.

    • Highly secure

    Security is a key factor for distributed ledgers technologies (DLTs), particularly since several use cases include high-value transactions or sensitive data.

    With large codebases, valuable data flows, and many networked nodes, distributed ledgers have become excellent objectives for online
    attackers.

    Guarding a blockchain is quite a complicated task: Distributed ledgers must present a comprehensive set of specialties and uses while countering determined adversaries.

    Safety and robustness are the solutions to allow enterprise-class blockchains to develop, and give the crucial infrastructure for next-gen business networks.

    Hyperledger projects adopt security by intention and support the best methods defined by the Linux Foundation’s Core Infrastructure Initiative.

    To find out more, visit coreinfrastructure.org/

    As such, all Hyperledger algorithms, cryptography, and protocols are examined and reviewed by security specialists, as well as the extensive open source community, consistently.

    • Interoperable

    In the future, several different blockchain networks will require to interact and swap data to create more intricate and powerful networks.

    With Hyperledger Blockchain Development, we think that there should be
    portable smart contracts and applications deployed across many different blockchains networks.

    This extensive level of interoperability would help increase the widespread adoption of blockchain and DLTs.

    • Cryptocurrency-agnostic

    Hyperledger projects are self-governing and agnostic of every altcoin, cryptocurrency, and crypto token.

    Hyperledger has decided to never issue its own cryptocurrency.
    It’s because Hyperledger aims to allow development of blockchain software for enterprises, not to administering any cryptocurrency.

    • Complete with APIs 

    All Hyperledger projects give easy-to-use APIs that bolster interoperability
    with other systems. A well-defined collection of APIs allows outside clients and applications to interface promptly with Hyperledger’s core distributed database infrastructure. Those APIs help in the growth of an efficient developer ecosystem and support blockchain and DLTs proliferation encompassing a wide array of use cases and industries.

    Some Relevant Links

    Build Your Own Hyperledger Solution 

    Hyperledger Blockchain Development Services and Solutions

    Hyperledger Blockchain Solutions

    Hyperledger Development Services

    Hyperledger Programmer

    Hyperledger Blockchain Solutions

    Hyperledger blockchain development services and solutions are used to develop hyperledger based projects and applications by using the skillset of blockchain developers.

    • A myriad of Network Platform

    We make use of a wide array of network platforms namely Hyperledger Burrow, Fabric, Sawtooth and Iroha to help every type of enterprise to access ledger data, supervise transactions, and merge applications to blockchains.

    • Credible Business Model

    Industries can use Hyperledger to lower the overheads and complexity of legal controls involving Blockchains. It’s because of Hyperledger’s open-source platforms.

    • Transparency and Scalability

    Hyperledger also proposes the uses of distributed ledger called Smart Contracts. In the private business contract, the smart contract is the epitome of scalability and transparency.

    Why Hire Us For Hyperledger Blockchain Development?

    Oodles Blockchain can prove to be the right decision for your Hyperledger Blockchain Development needs as it has gained more than 3+ of effective experience in the blockchain development landscape. To turn your vision into reality, we make use of Hyperledger ecosystem for developing secure, public and private blockchain applications.      


Leave a Comment

Name is required

Comment is required

Recaptcha is required.

No Comments Yet.

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.

More From Oodles

Request For Proposal

Cookies are important to the proper functioning of a site. To improve your experience, we use cookies to remember log-in details and provide secure log-in, collect statistics to optimize site functionality, and deliver content tailored to your interests. Click Agree and Proceed to accept cookies and go directly to the site or click on View Cookie Settings to see detailed descriptions of the types of cookies and choose whether to accept certain cookies while on the site.

We would love to hear from you!

Oodles | Blockchain Development Company

Please enter a valid Phone Number

Please remove URL from text

Recaptcha is required.