Linux Foundat’s Hyperledger Fabric 1.0 Ready For Production

Hyperledger Fabric 1.0, a collaborative effort with more than 150 participating developers from 28 organization, launched a production-ready blockchain this week, the culmination of more than a year of collaboration. Hyperledger Fabric is hosted by The Linux Foundation.

“Hyperledger Fabric 1.0 is a true milestone for our community,” said Brian Behlendorf, executive director atHyperledger. “After over a year of public collaboration, testing, and validation in the form of POCs and pilots, consumers and vendors of technology based on Hyperledger Fabric can now advance to production deployment and operations.

Among the contributors to Hyperledger Fabric 1.0 are developers from, Cloudsoft, CLS, DTCC, Digital Asset Holdings, Fujitsu, GE, Gemalto, HACERA, Hitachi, Huawei Technologies, State Street Bank, SecureKey, IBM, SAP, Thoughtworks and Wanda Group.

“Companies know that by investing into the commons they get tremendous leverage and more efficient iteration cycles than the feedback they’d get from proprietary projects,” he said

The financial sector has shown early interest in blockchain, Behlendorf said, citing State Street and CLS Bank. Walmart has been experimenting with it to track food from farm to table and several health care organizations are also doing internal projects to see how they could use it.

Jonathan Levi, founder of HACERA and co-release manager of Hyperledger Fabric 1.0, said the open source project motivated HACERA to build HACERA Kore – a framework allowing participants and organizations to seamlessly secure and protect sensitive data and information on blockchains.

IntellectEU has built proofs of concept with Hyperledger Fabric for document management and authentication, KYC/identity management, supply chain transparency and provenance tracking, smart correspondent banking and central bank use cases, said Hanna Zubko,, CEO of the company.

“ Hyperledger Fabric lets our team spend more time focusing on our clients’ business requirements and less on finding technical workarounds,” said Mohan Venkataraman, CTO, IT People Corporation.

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Making Blockchain Real for Business with IBM and Hyperledger Fabric

July 13, 2017 | Written by:

Categorized: Blockchain

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New technologies with the profound power to change entire industries come about only once or twice in a lifetime. I was fortunate to be working at IBM in the early days of e-business and WebSphere and saw the powerful impact the Internet had on the way we share information. This accelerated with mobile and cloud making access to technology so much a part of the fabric of our lives that we don’t even think about it.

In much the same way, I believe blockchain technology will fundamentally change the way we transact and do business, opening up new opportunities for collaboration and growth. Imagine you are a produce distributor with a growing business supplying tomatoes to major retailers and restaurants.

There’s been a series of nationwide recalls of tomatoes and you need to assure your customers that your produce is safe. Your customers don’t want to take any chances: in the U.S., it is estimated that foodborne illness is responsible for 48 million cases of food poisoning, 128,000 hospitalizations, and 3,000 deaths per year. The best way to alleviate your customers’ fears is to show them that your produce didn’t come from any affected suppliers.

Traditionally, though, it takes huge amounts of time and effort to trace and prove the provenance of food. Participants in the supply chain do not have an end-to-end view of food delivery. Despite efforts at standardization, companies often work just with their direct partners so that across the food ecosystem, there are siloed records and diverse and incompatible methods of tracking, causing costly delays and waste when safety concerns arise.

Blockchain technology can address this problem by providing a permanent record of transactions within a trusted network – in this case, a network of your produce suppliers and customers, from the farmers who grow the tomatoes to the retailer who puts the tomatoes in the consumers’ hands. Each step in the supply chain would be documented in a permanent record that cannot be altered. Your customers would have a complete view of the provenance of your produce, saving time, money, and worry.

Beginning today, organizations across different industries can begin their own blockchain journeys like the one I just described. This is possible today thanks to a broad community of more than 145 organizations dedicated to developing a new style of blockchain technology that ensures data privacy and consistency, suitable for a wide variety of industry solutions, from food safety and supply chains to banking, insurance, and healthcare use cases.

Transferring digital assets, shipping goods around the world, securing funds and speeding up payments – any of these transactions can now be made more trusted, efficient, transparent and secure with blockchain technology. Hyperledger, a collaborative cross-industry effort hosted by The Linux Foundation to advance blockchain technology, just announced the general availability of Hyperledger Fabric 1.0. Hyperledger Fabric 1.0 is an open source blockchain framework and enterprise grade, production ready solution. It’s the first of its kind as a blockchain fabric for real-world enterprise use and is built upon the collective expertise of industry leaders.

Some 159 engineers across 28 organizations contributed to this project, and it’s already being leveraged by more than 3,000 Hyperledger developers. The community is made up of organizations such as American Express, BBVA, CLS, Daimler, Deutsche Boerse, DTCC, Hitachi, Intel, J.P. Morgan, NEC, State Street, and more than 100 others who are dedicating incredible resources to transform the way organizations complete transactions.

Together they are pursuing a mission to create the world’s first openly governed, publicly accessible, and permissioned blockchain solution.

We at IBM are incredibly proud to be a part of this open community. Early on in IBM’s journey with blockchain, we looked at all the existing distributed ledger technologies and found that while each had their own strengths, none truly met the needs of the enterprise customer. None had the open source licensing model, open governance, and permissioned trust approach that we believe will best spur innovation for enterprise use. This gap in the market led us to collaborate with like-minded leaders in the industry to meet this need.

Since the creation of Hyperledger in December 2015, more than 145 leading organizations have backed the project, contributing code, participating in governance, and supporting the open source initiative through collaborative projects.

No other Linux Foundation project has grown so quickly. It is the groundswell of industry-wide support across the technology and business community that has truly given life to Hyperledger Fabric.

Hyperledger Fabric 1.0 moves trade finance blockchain towards production

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Hyperledger Fabric 1.0 moves trade finance blockchain towards production

Global / 12-07-17 / by
Hyperledger

Blockchain technology has moved one step closer to production phase in trade finance, with the launch of Hyperledger Fabric 1.0.

Fabric 1.0 is Hyperledger’s first production-ready blockchain platform, and can be used by banks to bring the pilots and proof of concepts they’ve been trailing for months, to the operational stage.

While other platforms, such as R3’s Corda, are vying to become the primary blockchain platform for trade finance, Hyperledger believes that this release – which is backed by Linux open source technology – is ready to be used in important transactional operations.

Speaking to GTR from Washington DC, where he had been addressing the “blockchain caucus” on Capitol Hill, Hyperledger’s executive director Brian Behlendorf says: “I think we’re seeing first production use this year. My hope is that these are systems which can be turned on to production grade. Whether they can handle tens of thousands of transactions, that’s another question. There’ll be a ramp up over the next couple of years, but there are plenty of transaction networks today that are transactions per second, that are more modest in scale but are high value and will be in production this year.”

The challenge will be creating critical mass, which could be hundreds of users in complex supply chains. That in mind, expect to see production first in smaller, niche areas of trade and supply chain, or private network transactions on blockchain for trade finance.

Move to real case uses

A beta version of the software has been available for some months, and developers have been working on business uses for trade finance, some of which are developing quickly. These are some of the initiatives that are expected to move into production phase quickly.

At the end of June, a consortium of seven banks announced they had chosen IBM to develop Digital Trade Chain, a blockchain trade finance platform for SMEs. When faced with a choice between Fabric and Corda, R3’s shared ledger technology, the developers plumped for Fabric 1.0.

Speaking to GTR at the time, Keith Bear, vice-president of financial markets at IBM, said: “A key element of it is around the ability that Hyperledger Fabric 1.0 has to create channels. So if KBC are doing a transaction with Rabobank, for example, then other banks in the consortium don’t have access to that. You get the advantages of blockchain in terms of trust and transparency, but unlike the bitcoin environment you don’t have everything exposed.”

Swift has also been working on a proof of concept (PoC) with the beta version of 1.0, for its nostro account reconciliation tool, within its global payments innovation (gpi) initiative.

Because most banks have been working on small-scale solutions as part of their pilots or PoCs, there won’t be a huge amount of updating required in order to implement Fabric 1.0, Behlendorf says.

“There are enough API changes and language changes to merit a cautious process of upgrading. There is a guide on the websites, regarding upgrades, that folks should follow. Unless you’ve been writing tens of thousands of lines of chain code, which people probably haven’t, probably more like a couple of hundred, you might have to modify some of those hundreds. But your application logic shouldn’t change. If you started with 0.6 six months ago, it could be that you’ve evolved your thinking about your use case anyway, and it’s time for a refresh,” he says.

It’s fair to say that a certain end of the trade finance has been awaiting this release. Simon Taylor, co-founder and blockchain director at consultancy 11:FS – who previously managed Barclays’ blockchain development, tells GTR: “I have to say they’ve done well and delivered everything they said they would,” adding that he would like some more time to work with the solution in order to get a fully-formed view.

Meanwhile, director of innovation at Santander, John Whelan, took to Twitter to express his pleasure at its arrival:

Fabric 1.0 is finally here: https://t.co/v9wAQ7BYXv

— John Whelan (@_JohnWhelan) July 11, 2017

Blockchain Frameworks Move Forward with Partnerships and Production Releases

Hyperledger has made Hyperledger Fabric 1.0 available for the development of applications, products and solutions on an open-source basis.

Hyperledger Fabric—hosted by The Linux Foundation—offers modular architecture for plug-and-play components, and leverages smart contracts it calls “chaincode” for the system’s application logic. The technology was incubated 16 months ago and placed on active status in March 2017.

Brian Behlendorf, executive director of Hyperledger, said the release of the technology is a milestone for distributed-ledger technology.

“After over a year of public collaboration, testing, and validation in the form of proof of concepts and pilots, consumers and vendors of technology based on Hyperledger Fabric can now advance to production deployment and operations,” Behlendorf. “I look forward to seeing even more products and services being powered by Hyperledger Fabric in the next year and beyond.”

The technology was developed by engineers from the Hyperledger community which includes CLS, the Depository Trust and Clearing Corporation (DTCC), Digital Asset, GE, the Linux Foundation, State Street, IBM, and SAP. In total, around 159 developers worked on the project.

Several Hyperledger community members have already begun using Hyperledger Fabric for their applications. CLS, for example, announced in September last year that it intends to develop a payments-netting service on Hyperledger Fabric and ANZ Banking Group is running a proof of concept to digitize guarantees for property companies.

“As a founding member of the Hyperledger community, ANZ is excited to be using Hyperledger Fabric 1.0 in its latest customer proof-of-concept, which has enabled the digitization of the bank guarantee, or standby letter of credit as they are known in the US, for property companies in Australia,” said Nigel Dobson, general manager for wholesale digital and digital banking at ANZ Banking Group, in an accompanying statement

Separately, R3 announced it is collaborating with Intel to strengthen data privacy and security for its own blockchain framework, Corda, which entered into public beta in June.

The collaboration adds elements of Intel’s security and privacy toolkit for Corda’s need-to-know feature, which assures confidentiality in trades by selectively sending information to parties who require it.

R3’s lead platform engineer Mike Hearn said the consortium is continually working on solutions to better protect privacy on the ledger.

“By partnering with Intel, we will be able to give Corda users more class-leading features as we continue to set the standard in distributed ledger technology data privacy,” Hearn said in a statement. “Corda addresses multiple problems identified by our 80-plus members across the globe but transaction privacy is usually the top issue blocking real-world deployment.”

Related:

Open-Source Blockchain Framework Hyperledger Fabric Reaches Version 1.0

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Hyperledger introduces first production-ready blockchain code

Hyperledger introduces first production-ready blockchain codeNEW YORK: The Hyperledger Project, a group led by the Linux Foundation, has released its first blockchain code that can be used by large businesses to build software.

The group, whose more than 120 members include International Business Machines Corp, Cisco Systems Inc, the Bank of England and JPMorgan Chase & Co, said on Tuesday that it had released the first version of Hyperledger Fabric, a type of distributed ledger code.

The developers involved in the project believe Hyperledger Fabric 1.0 is strong and secure enough to be used by corporations to start building blockchain-based business applications, the group said.

Blockchain, which first emerged as the system powering cryptocurrency bitcoin, is a shared record of data that is maintained by a network of computers, without requiring a trusted third party to validate the veracity of the information.

Banks and other large corporations have been investing hundreds of millions of dollars in developing the technology in the hopes it can help them simplify some of their most cumbersome and costly processes, such as settling securities trades.

More than 150 engineers from 29 organizations contributed to the project.

“These kinds deep revolutions take some time, but I am confident that competent development teams inside organizations can start to look at that [Hyperledger Fabric] and go all the way to running it in production,” Brian Behlendorf, Hyperledger’s executive director, said in an interview.

To speed the development of blockchain, many organizations have formed or joined industry groups. Earlier this year JPMorgan, Microsoft Corp, Intel Corp and others formed a blockchain group called the Ethereum Enterprise Alliance, while many of the world’s largest banks invested $100 million in blockchain consortium R3.

Despite the excitement, blockchain has yet to be deployed in a large scale project by large companies, and skeptics have cautioned that its benefits may be overblown.

Hyperledger Fabric, for example, does not yet scale to handle as many transactions per second as the payment network of a major credit card company, Behlendorf said.

Proponents note, however, that it is still early days for the technology, likening the current landscape to the early days of the internet.

“If this were the web, what year would we be in?” Behlendorf said. “I’ve felt that we were in 1995, but with this release I am ready to say we are in 1996, when you started to see enterprises saying ‘Now it is not just a research project.”

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