IBC now provides cutting-edge Hyperledger support and assistance to help your business take full advantage of the blockchain space. Hyperledger encourages efficiency by enabling the re-use of common building blocks and facilitating the rapid innovation of DLT components.
Open source blockchain
Launched in 2015 by the Linux Foundation, the Hyperledger project aims to support the collaborative development of blockchain-based distributed ledgers by providing a range of open source blockchains and related tools.
This is fantastic news for those looking to launch tokens or programs using blockchain technology because it streamlines the development process by providing common resources for all to share.
The Hyperledger project looks set to revolutionise the blockchain space and, as such, IBC are very excited to offer Hyperledger support and assistance to those in need of a push in the right direction.
We truly believe the Hyperledger project has and will continue to change the blockchain space forever, and for the better.
So, what are you waiting for? Get in touch so IBC can show you exactly what Hyperledger can do for you and your business.
Global business transactions
The Hyperledger project has helped improve the performance and reliability of blockchains and distributed ledgers so as to render them fit for supporting global business transactions.
Indeed, some of the biggest companies in the world have announced their respective involvement or participation in the Hyperledger project.
Some key players involved in the Hyperledger movement include Microsoft, IBM, and the UN, respectively, along with many more.
So, if you choose to utilise Hyperledger’s innovative tools and resources, you’ll be in good company!
Blockchain for the masses
IBC fully supports the Linux Foundation’s mission to bring blockchain technology out of the shadows and into the mainstream.
We are pleased to be able to offer Hyperledger support and guidance to businesses that wish to make use of the fantastic open source resources on offer.
The project is exciting because it promises to encourage cross-industry collaboration by developing shared blockchains and distributed databases which is why IBC is keen to spread the word.
Make no mistake, Hyperledger is the next big thing in blockchain!
Hyperledger blockchain platforms
There are currently five major business blockchain frameworks sitting beneath the Hyperledger umbrella, so to speak.
Each has its own specific use and you can expect to see more pop up in the coming weeks and months as more and more businesses are made aware of the limitless potential of blockchain technology and the accompanying Hyperledger network.
The five frameworks are:
• Hyperledger Burrow
• Hyperledger Fabric
• Hyperledger Iroha
• Hyperledger Sawtooth
• Hyperledger Indy
Here are Hyperledger’s brief summaries of each…
Hyperledger Burrow is a ‘permissionable’ smart contract machine. The first of its kind when released in December, 2014, Burrow provides a modular blockchain client with a permissioned smart contract interpreter built in part to the specification of the Ethereum Virtual Machine (EVM).
Intended as a foundation for developing applications or solutions with a modular architecture, Hyperledger Fabric allows components, such as consensus and membership services, to be plug-and-play.
Hyperledger Iroha is a business blockchain framework designed to be simple and easy to incorporate into infrastructural projects requiring distributed ledger technology.
Hyperledger Sawtooth is a modular platform for building, deploying, and running distributed ledgers. Hyperledger Sawtooth includes a novel consensus algorithm, Proof of Elapsed Time (PoET), which targets large distributed validator populations with minimal resource consumption.
Hyperledger Indy is a distributed ledger, purpose-built for decentralized identity. It provides tools, libraries, and reusable components for creating and using independent digital identities rooted on blockchains or other distributed ledgers for interoperability.
As well as the aforementioned Hyperledger blockchain platforms, Hyperledger also offers a range of tools to help speed up the development process for those looking to inhabit the blockchain space.
At time of writing, there are four main tools available. These are:
• Hyperledger Cello
• Hyperledger Composer
• Hyperledger Explorer
• Hyperledger Quilt
Here are Hyperledger’s brief summaries of each…
Hyperledger Cello aims to bring the on-demand ‘as-a-service’ deployment model to the blockchain ecosystem to reduce the effort required for creating, managing and terminating blockchains.
Hyperledger Composer is a collaboration tool for building blockchain business networks, accelerating the development of smart contracts and their deployment across a distributed ledger.
Hyperledger Explorer can view, invoke, deploy or query blocks, transactions and associated data, network information, chain codes and transaction families, as well as any other relevant information stored in the ledger.
Hyperledger Quilt offers interoperability between ledger systems by implementing ILP, which is primarily a payments protocol and is designed to transfer value across distributed ledgers and non-distributed ledgers.
Collaborate and listen
To summarise, we believe collaboration is the key to success in all aspects of business and evidently the Hyperledger team share this core belief.
IBC wants to help you take full advantage of the tools and resources on offer because we believe we’re stronger together.
One of the defining qualities of blockchain technology and the wider cryptocurrency community is the sense of unity and a shared vision of the future – the idea of a connected world, beneficial to all.
Satoshi Nakamoto (the person or team behind Bitcoin) understood this when he/she/they created Bitcoin back in 2009.
And, rest assured, the disruptive spirit of the so-called ‘Cyperpunks’ lives on in 2018!
IBC, of course, understands that business is, by nature, competitive – downright ruthless, even – but competition doesn’t have to come at the expense of collaboration if we can acknowledge our shared goals; and herein lies the beauty of the Hyperledger project.
Get in touch!
Please don’t hesitate to get in touch because we’d love to discuss how we can guide and assist you in taking full advantage of Hyperledger’s innovative tools and resources so as to help you realize your unique vision in the most efficient way possible.
IBC looks forward to hearing from you!