• Shivkumar

What is Hyperledger? Brief of Hyperledger Family...

(By Shivkumar)


Hyperleger

Hyperledger is not: Not a company. Not a cryptocurrency. Not a blockchain. Not an IBM blockchain coin. Hyperledger is rather something like a hub for open industrial blockchain development. Described on Hyperledger Website:


"Hyperledger is an open source collaborative effort created to advance cross-industry blockchain technologies. It is a global collaboration, hosted by The Linux Foundation, including leaders in finance, banking, Internet of Things, supply chains, manufacturing, and Technology.”

Hyperledger does not support Bitcoin or any other cryptocurrency.


The Linux Foundation aims to create an environment in which communities of software developer and companies meet and coordinate to build blockchain frameworks. Hyperledger has an impressive list of more than 100 members. To name some from the list, It includes mobility tech giants like Airbus and Daimler, IT-companies like IBM, Fujitsu, SAP, Huawei, Nokia, Intel and Samsung, financial institutions like Deutsche Börse, American Express, J.P. Morgan, BBVA, BNP Paribas and Well Fargo, as well as Blockchain startups like Blockstream, Netki, Lykke, Factom, bloq and Consensys.


Hyperledger Family


  • Hyperledger Sawtooth ( Intel)

  • Hyperledger Fabric (IBM)

Hyperledger Sawtooth (Intel)


Sawtooth Lake is Intel’s modular blockchain suite. It is written in Python and designed for use cases in many fields from IoT to Financials. The dominant characteristics of sawtooth lake are that it supports both permissioned and permissionless application and deployments and that its uses a newly developed consensus algorithm called Proof of Elapsed Time (PoET).


Hyperledger Fabric (IBM)

The most interesting project in the Hyperledger family is IBM fabric's. Rather than a single blockchain Fabric is a base for the development of blockchain based solutions with a modular architecture. With Fabric different components of Blockchains, like consensus and membership services can become plug-and-play. Fabric is designed to provide a framework with which enterprises can put together their own, individual blockchain network that can quickly scale to more than 1,000 transactions per second.

Hyperledger Summary:-


Most other blockchain projects focus on cryptocurrencies and tokens, the projects around Hyperledger demonstrate a strong potential to build the backbone of non-monetary, high scaling industrial applications of blockchain technology.

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