Henry’s Take: So, I went to a Hyperledger Meetup. What the hell is that?

On February 26th, Iattended the HyperledgerMorristown Meetup at the Morris County Library. The place was very impressive. I passed by a ton of amazing books andentered a meeting room filled with equally amazing people. After we were graciously welcomed by one of theorganizers, Roman Anderson, they got right down to business.

Now, before I dive intotalking about the event, you are probably wondering, “What is Hyperledger, andwhy is he writing about it?” Frankly,about eight months ago, I would have been asking the same question. OK, I amlying a bit, but once I saw the agenda, I hit the web and started refreshingmyself on the subject. Here was the meeting agenda:

  • Hyperledger 2.0 release and Global Update
  • Oracle – Blockchain Platform and Roadmap
  • Enterprise Ethereum Alliance –Introduction and Updates
  • Alibaba Cloud – Newest Release – ECS Gen 6with Kubernetes
  • DataKNOX – Alontrus Group Demo of DLTEngine Running on ECS 6
  • Hedera Hashgraph – Boost – Their NewPlatform to Launch and Grow Startups

I am not going to try toteach you about blockchain. There is plenty of stuff on the web for that. I will, however, try to convince you of whyyou should start paying more attention to it. Pleasenote that blockchain comprises blocks of data chained together, and it’s a typeof distributed ledger technology (DLT). Thereis much more to DLT, but for the purpose of this article, I will use the terms“DLT” and “blockchain” interchangeably.

Now, if you go back tothe agenda, it will hopefully make more sense to you. All of the topics relateto the phenomenal growth of the DLT (blockchain) ecosystem. In other words, blockchain is beginning tocrawl out of the ocean, and is starting to walk on all four legs. (Ugh, I know thatwas bad).

Hyperledger

I do need to explain whatHyperledgeris, as it’s in the name of the group. Hyperledger is an open-sourcecollaborative effort created to advance cross-industry blockchaintechnologies. This still may meannothing to you, but let’s focus this key term: “open source.” It has grown to the point where it now hasthe backing of some of the most prominent companies in the world. Below, Imention a few of their premier members, all of whom offer products and serviceson the platform.

For example, Deepak Goel,senior director of software development for the Oracle Blockchain Platform, spoke atlength about the Oracle blockchain road map for 2020. After about 40 minutes of speaking, he wasactually surprised when he was told that he had three minutes left. He could have gone on for another hour. Thecoolest thing about the road map is how easy Oracle makes it to get into DLT,to overcome the hurdles to entry that you may have heard about.

The Alibaba Cloud couldn’t let me purchase the knock-off Nike sneakers I wanted, but it did enlighten me on how the whole cloud environment is beginning to get commoditized. Alibaba provides functions similar to those of Amazon Web Services (AWS), but it’s about 40% cheaper. When the presenter asked if anybody had heard of China’s Alibaba Cloud, nobody raised their hands. What’s interesting about Alibaba Cloud is that it provides redundancy all over the world at much lower prices than the traditional guys. It also offers more powerful machines for less and, of course, it supports blockchain. I just wish they’d throw in the sneakers, as well.

the Hyperledger Morristown Meetup
The Hyperledger meetup | Richard Brownstein from Alontrus.

DataKNOX from Alontrus Group

Now, the best for last: the DataKNOX guys, fromtheAlontrusGroup(Sparta). The product was created by twogentlemen with completely different backgrounds, Dev Bhattacharyya and RichardBrownstein. Just as the name “DataKNOX” implies, it’s the Fort Knox for yourdata, leveraging the best characteristics of DLT — immutability, security,decentralization — and I have to say “security” again.

DLT is an excellent choice in this age ofcyberattacks. A distributed ledger makes it hard for hackers to access yourdatabase. This is because everything is transparent, so it is easy to traceback to the hacker. Also, in order to get into your database, hackers needsubstantial computational power, which might not be possible for the majorityof them out there. Now, before you tell me to hold on a second, did I saytransparent? That’s where the KNOX partof the name comes in. Every piece ofdata is hashed by 512-bit encryption, military-grade, but I am getting ahead ofmyself.

Think of DataKNOX as a connector for your legacydata that can stream it very fast. Itcan connect your data to the cloud with blazing speed and security, giving youthe ability to leverage any business intelligence/artificial intelligence toolsto further extend your workflow and processes. Suppose a patient needs to transfer from one hospital to another. Becauseof massive cyberattacks, many hospitals are staying off the web. With DataKNOX,however, you can safely transmit the patient’s data from one hospital to theother, leveraging encryption not only in flight but also at rest.

The best part is that the data is encrypted and isstored in a massive DLT database across thousands of nodes all over the world(The “d” in “distributed”). If you everget hacked, you can feel comfortable, knowing that your data stored in thecloud is 100% real and safe. The beautyof this process is that you can focus on the data, and not on theinfrastructure. You don’t need to worry about massive transformationalgyrations that today’s cloud providers make you go through. Instead, you focus on your applications andhow you can help that patient move seamlessly from one hospital to another, fullyknowing that his or her data is completely safe and, more importantly,cryptographically backed up in the cloud.

I walked away from the event very excited, thinking about the 1990s and the growth of the internet since then. In a similar fashion, blockchain development, tools, and products are exploding all over the planet. According to LinkedIn, blockchain is one of the most in-demand job skills in 2020. It is definitely similar to the 1990s, when different technologies rose and fell and eventually coalesced into something that today we cannot live without, for better or for worse. Blockchain is similar: It is exciting, explosive and is fraught with dangerous twists and turns. After all, walking out of the water was just the beginning. Now it’s time to grow some fur.

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Oracle and IBM Team Up To Tackle Enterprise Blockchain Interoperability

IBM and Oracle are in the process of integrating blockchain networks built on Fabric according to an announcement during the Phoenix Hyperledger Global Forum. Oracle’s senior blockchain director, Mark Rakhmilevich, noted that this initiative began way back in 2018 with SAP onboard as well;

“We have done full testing with IBM and SAP. The three of us have basically done cross-network testing on Fabric.”

This basically means that clients operating on Oracle’s distributed ledgers can as well communicate with another client using IBM within the same network. Blockchain nodes launched on IBM’s and Oracle’s cloud will allow a consortium to join and leverage interoperability features. Mark further highlighted that the long-term goal is to create a simple user interface with all these functions.

Future of Enterprise Blockchains

Blockchain tech is still at its early stages of implementation with the most significant use case being crypto coins. This might however change over time given the adoption of permissioned networks by major players across existing industries. Companies are slowly realizing the value in forming a consortium to share and verify data through distributed ledgers.

Despite the innovations, the regulatory space has not been very supportive of this new technology. According to Mark, Oracle and its partners will still continue with the informal process as they await guidelines;

“Creating the consortium framework is going to take a lot of time, so let’s go and start building this while the lawyers are talking, something people can run without having this formal consortium.”

As it stands, Boeing has already jumped on the enterprise blockchain bandwagon. The airplane manufacturer recorded $1 billion worth of parts on Honeywell’s Hyperledger Fabric a week ago. This move will enable Boeing to track its resold parts for safety compliance as well as scale its online market for parts. Notably, the network will operate as a permissioned ledger so as to preserve the data integrity shared within this consortium.

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Walmart, 7 Others Join Open-Source Hyperledger Consortium

Reading Time: 2minutesbyAisshwarya TiwarionMarch 4, 2020&nbspBlockchain

According to a press release issued on March 3, 2020, open-source blockchain consortium Hyperledger has announced the addition of eight new members, including Clear, Conduent, and Walmart.

Retail Heavyweights Join the Hyperledger Bandwagon

Launched in 2016, Hyperledger is an open-source distributed ledger technology (DLT) consortium that aims to “advance cross-industry blockchain technologies.” The project is, arguably, one of the most prominent endeavors in the blockchain space that is focused on mainstream adoption of the emerging technology.

Hyperledger’s members comprise of some of the most well-known technology and financial firms in the world. Now, per sources close to the matter, retail giant Walmart has joined the DLT consortium, along with seven other companies. Some of these companies include the likes of Aiou Technology, a subsidiary of DLT network IOST, Clear, a B2B smart contracts company, and Swiss DLT services firm Tangem, among others.

Announced at the Hyperledger Global Forum 2020 in Phoenix, Arizona, the addition of Walmart and 7 other firms to Hyperledger’s already impressive list of clientele works indicates that an increasing number of firms across the globe are willing to enter the budding blockchain space.

Sanjay Radhakrishnan, Vice President, Walmart Global Tech, commented on the development, saying:

We’ve seen strong results through our various deployments of blockchain, and believe staying involved in open source communities will further transform the future of our business.

Six New Hyperledger Certified Service Providers Named

Notably, the event also witnessed the announcement of six new Hyperledger Certified Service Providers, namely – Beijing Proinsight Technology, Kompitech, LimeChain, Mindtree, Xoaa, and Zhigui.

Brian Behlendorf, Executive Director, Hyperledger, expressed his enthusiasm, saying:

Adding this great mix of new members and HCSPs is a great opening act for Hyperledger Global Forum. Hyperledger is powered by its diverse, global community, and this event is all about bringing Hyperledger users, developers, service providers and enthusiasts together to reflect on what we’ve accomplished so far and, more importantly, where we can go next. The packed show agenda proves just how much we all have to share and the impact this highly engaged and active Hyperledger community is having on the growth of enterprise blockchain.

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Hyperledger Announces Eight New Members, including Clear, Conduent and Walmart, at …

Welcomes six new Hyperledger Certified Service Providers

SAN FRANCISCO and PHOENIX, March 3, 2020 /PRNewswire/ — Hyperledger, an open source collaborative effort created to advance cross-industry blockchain technologies today announced the addition of eight new members, including Clear, Conduent and Walmart, on the first day of Hyperledger Global Forum 2020 (#HyperledgerForum).

In addition, Hyperledger, a multi-venture, multi-stakeholder effort hosted at the Linux Foundation, welcomed six new Hyperledger Certified Service Providers. Beijing Proinsight Technology, Kompitech, LimeChain, Mindtree, Xoaa and Zhigui are the latest organizations to complete the criteria for the recently launched program. Members are pre-qualified, vetted service providers who have deep experience helping enterprises successfully adopt Hyperledger enterprise blockchain technologies.

“Adding this great mix of new members and HCSPs is a great opening act for Hyperledger Global Forum,” said Brian Behlendorf, Executive Director, Hyperledger. “Hyperledger is powered by its diverse, global community, and this event is all about bringing Hyperledger users, developers, service providers and enthusiasts together to reflect on what we’ve accomplished so far and, more importantly, where we can go next. The packed show agenda proves just how much we all have to share and the impact this highly engaged and active Hyperledger community is having on the growth of enterprise blockchain.”

Hyperledger allows organizations to create solid, industry-specific applications, platforms and hardware systems to support their individual business transactions by offering enterprise-grade, open source distributed ledger frameworks, libraries and tools. General members joining the community are Aiou Technology, Clear, Conduent, Joisto Group, Tangem, Tokenation and Walmart.

Hyperledger supports an open community that values the contributions and participation from various entities. As such, pre-approved non-profits, open source projects and government entities can join Hyperledger at no cost as associate members. Associate members joining this month include Directorate of Information Technology (DIT) of Maharashtra.

New member quotes:

Aiou Technology

“Aiou Technology is glad to join the Hyperledger community,” said Terry Wang, CEO, Aiou Technology. “As a company focusing on blockchain technology’s research and development, we are committed to constructing a consortium BASS (Blockchain-as-a-service) platform and providing professional and targeted blockchain solutions for enterprises and governments. We have accomplished substantial social and economic benefits since the establishment of Aiou three years ago, and successfully empowered the real sector with innovative blockchain technology in multiple fields, including anti-counterfeiting traceability, supply chain finance, data assets sharing, and recording. Aiou looks forward to working together with members of Hyperledger to strengthen the community and promote the development of the blockchain industry.”

Clear

“Clear is a leading provider in the telecom community, active in several networks and working with multiple DLTs,” said Eran Haggiag, Chairman and co-founder at Clear. “We are joining Hyperledger now as we roll out applications to production and are required to fit to any DLT enterprises choose to work on.”

Conduent

“On behalf of global enterprises, we transform business processes by automating and streamlining mission-critical operations through our deep industry experience and the latest technology solutions, to drive efficiencies, reduce costs, increase compliance and enable revenue growth,” said Nikhil Nayab, Global Head, Payments Innovation and Blockchain, Conduent. “We are proud to join the Linux Foundation and the Hyperledger community to contribute our expertise to establish data standards and drive enterprise blockchain adoption.”

Joisto Group

“Hyperledger Fabric implements two important concepts for our ongoing R&D project,” said Jani Partanen, CTO of Joisto Group. “First, as a private and permission blockchain, no computationally heavy consensus algorithm, like proof of work, is required. Secondly, Hyperledger Fabric’s channel architecture complements Joisto’s multi-tenant architecture perfectly.”

Tangem

“It’s a pleasure to join the Hyperledger community,” says Tangem CEO Sergio Mello, “At Tangem, we facilitate trust with a next-gen smartcard solution, powered by a secure chip, that enables mainstream adoption of digital assets. We make it our mission to advance the real life usability of blockchain and to make the world more transparent and trusted. We look forward to working with the Hyperledger community in this evolving market.”

Tokenation

“Thanks to its strong alignment with our vision to tokenize the world one token at the time, Hyperledger Sawtooth emerged as the obvious technology choice,” said Sérgio Silva, Co-Founder & CEO/CIO of Tokenation. “This state-of-the-art, scalable permissioned DLT perfectly matches our needs for a corporate-level approach accessible to all. At Tokenation, we provide your business or idea with a value-adding ecosystem that will allow it to grow via a simplified and low-cost tokenization process.”

Walmart

“Walmart is excited to participate in Open Source communities, coming together to create scalable and adaptable technology,” said Sanjay Radhakrishnan, Vice President, Walmart Global Tech. “We’ve seen strong results through our various deployments of blockchain, and believe staying involved in open source communities will further transform the future of our business.”

Members big and small are collaborating across company and country lines to ensure the success of Hyperledger business blockchain technologies, building products, services and solutions on top of Hyperledger code bases that are critical to their lines of business. Learn more about becoming a member of Hyperledger.

About Hyperledger

Hyperledger is an open source collaborative effort created to advance cross-industry blockchain technologies. It is a global collaboration including leaders in finance, banking, healthcare, supply chains, manufacturing and technology. Hyperledger hosts many enterprise blockchain technology projects including distributed ledger frameworks, smart contract engines, client libraries, graphical interfaces, utility libraries and sample applications. All Hyperledger code is built publicly and available under the Apache license. The Linux Foundation hosts Hyperledger under the foundation. To learn more, visit: https://www.hyperledger.org/.

About Hyperledger Global Forum 2020 (March 3-6, Phoenix Convention Center, Phoenix, Arizona, #HyperledgerForum)

Hyperledger Global Forum is a unique opportunity users and contributors of Hyperledger projects from across the globe to meet, align, plan and hack together in-person. Open to members and non-members alike, attendees have the chance to talk directly with Hyperledger project maintainers and the Technical Steering Committee, collaborate with other organizations on ideas that will directly impact the future of Hyperledger, and promote their work among the enterprise blockchain community.

Contact:

Emily Fisher

Linux Foundation/Hyperledger

PR@Hyperledger.org

View original content to download multimedia:http://www.prnewswire.com/news-releases/hyperledger-announces-eight-new-members-including-clear-conduent-and-walmart-at-hyperledger-global-forum-2020-301014985.html

SOURCE Hyperledger

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Alontrus Group Sponsors the NJ Hyperledger Meetup to Introduce Alibaba Cloud, Blockchain and …

An Educational and Networking Event to Discuss Hyperledger 2.0, Enterprise Ethereum Platform, Alibaba Cloud and DataKNOX™- A Distributed Ledger Technology.

MORRISTOWN, NEW JERSEY, USA, February 24, 2020 /EINPresswire.com/ — Alontrus Group, headquartered in New York, New York, joins Chainbelow, a not for profit education firm based in northern New Jersey, to present an educational and networking event to discuss the recent release of Hyperledger 2.0, the Enterprise Ethereum Platform, Alibaba Cloud and DataKNOX™- A Distributed Ledger Technology (DLT).

Alontrus Group will unveil DataKNOX™, the next generation of DLT. DataKNOX™ is a high-speed centralized authority that eliminates the overhead of consensus algorithms. Hashing files ensures data integrity and SHA-512 encryption ensures data security. DataKNOX™ is an immutable, append only database that provides provenance for sensitive data. For reliability, DataKNOX™ is self-replicating across hundreds of cloud instances. DataKNOX™ also provides secure high-speed data transport to enhance cloud migration. All the features of Blockchain in a light weight distributed ledger.

Alontrus Group, LLC has launched with a team of seasoned Blockchain and DLT veterans to address reconciliation challenges in the Healthcare, Banking, Financial Services and Insurance sectors. The group has an extensive partner network and a portfolio of use cases across Oracle, AWS, Alibaba Cloud, Google Cloud, and Microsoft Azure, based on Hyperledger Fabric and DLT.

The Hyperledger networking and educational event will be held at the Morris County Library in Whippany, NJ on February 26, from 4:30 to 8:30 pm. The Hyperledger and Enterprise Blockchain communities are invited to attend. Food and refreshments will be provided and an opportunity to win a $100 Ruth Chris gift card.

Space is limited so please register at Hyperledger MeetUp NJ. A $5 donation is suggested.

About Alontrus Group:

Alontrus Group automates reconciliation and settlement processes using Blockchain and Next Gen technologies for Healthcare and Corporate Finance. They are Protocol, Cloud and Platform agnostic, based in the U.S.A. with global resources. Their in-depth knowledge of various enterprise blockchains and cloud platforms allows them to offer a unique perspective to their customers.

For more information, contact Richard Brownstein: info@alontrus.com or 917.830.6641

About Chainbelow:

Chainbelow Inc, is a not-for-profit education corporation and an authorized training partner for the Linux Foundation. Members of Chainbelow ensure that the majority of training materials they produce are high performance and open sourced. They provide small and medium-sized organizations with the adequate training to run a software-driven business.

For more information: info@chainbelow.org

Richard Brownstein

Alontrus Group

+1 917-830-6641

email us here

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Hyperledger Fabric can use Public DLT Hedera Hashgraph’s consensus

Today the public distributed ledger (DLT) Hedera Hashgraph released its Hedera consensus service (HCS), which can be used by external centralized applications and other blockchains such as Hyperledger Fabric. Hedera is the DLT that has ten large corporates on its governance board, including Boeing, Deutsche Telekom, Google, IBM and Nomura.

The core features of a distributed ledger are an ordered log of transactions and smart contracts.

Ignoring smart contracts for a moment, a distributed ledger’s consensus is the process that orders and timestamps a series of data often as hashes or digital fingerprints of data held elsewhere.

Why does ordering matter? In something like an auction, the order of the bids are essential. Likewise, for trading securities, which offer and bid came first matters. But the sequence of events matters for most things, for example, the order of messages you receive when having a chat.

What’s different about the Hedera consensus service, is it can be used not just for the Hedera DLT but as a service externally. So a private blockchain using Hyperledger Fabric can use the Hedera consensus service to determine the timestamps and order of transactions. The whitepaper on the topic was written in conjunction with a member of the IBM Blockchain team – IBM is one of the members of Hedera’s governing council.

Hedera also claims it can be used for a private Corda or Ethereum network.

The ability to use a public consensus service is mainly a benefit in a small private network. Blockchains are meant to be immutable. But in a private blockchain with a small number of participants, the lack of decentralization means it’s entirely possible to have collusion. Small networks tend only to have one or two consensus nodes.

By having a public DLT do the time stamping, it becomes immutable. So it combines the trust of a public ledger with the privacy of a private blockchain.

But it’s not just a blockchain that could use it. Any centralized application might need some verification that its data is correct. For example, an audit log could use it if the log needed to be externally verified. Or a centralized auction app could use it to prove the bids were not manipulated.

Another advantage is that Hedera has split its consensus service from the comparatively slow smart contract service, which means it’s fast. It’s also robust because it’s asynchronous which makes it harder to disrupt it with a denial of service (DOS) attack.

But we had some questions for Hedera and didn’t get a response before publication.

First of all, one of the benefits is to achieve decentralization. While Hedera aims to have 39 governing council members and be permissionless in the future, for now we believe only the 11 council members (Google joined yesterday) operate nodes with write permissions. And we don’t know if some of the nodes are managed on their behalf.

We also aren’t clear what the current speed is. At launch in September, the cryptocurrency transactions were throttled to 10,000 transactions per second. We assume the consensus service is at least this speed.

Prior to launch, the platform raised $124 million through a token sale. Its novel technical architecture makes it faster and more scalable than most blockchains. The underlying intellectual property is licensed by Swirlds, which is owned by the founders of the network. We don’t believe the codebase has yet been subject to general review.


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Hyperledger Foundation Releases Hyperledger Fabric 2.0

Key Highlights:

  • A new and updated version of the Hyperledger Fabric framework has been released
  • Development activity is picking up
  • New positive but also negative changes in the update

Hyperledger Fabric 2.0

The Hyperledger Foundation has announced the release of an updated version to its flagship blockchain framework, Hyperledger Fabric. The foundation, which is a division of the Linux Foundation, has created a number of notable frameworks for its Hyperledger platform, which are also in favorable use by developers and companies across the world. However, Hyperledger Fabric has mostly outshined other frameworks such as Hyperledger Iroha, Hyperledger Besu, and Hyperledger Sawtooth.

The framework recently recorded more development activity than its competitor Corda after transitioning from Gerrit to a more popular code development platform, Github.

The Hyperledger project has support from significant institutions and organizations from across the world, including IBM and Intel. Since its launch, Hyperledger Fabric has been integrated by various cloud services including offerings by AWS, Google, Huawei, Alibaba, Microsoft, and Tencent. The successful framework has been designed to deploy robust applications that take avantage of distributed ledger technology (DLT).

Hyperledger Fabric Updates

Now, Hyperledger Fabric 2.0 has been equipped with new features that are meant to facilitate a better and more efficient experience. The new updates and features look promising. And as Governing Board Chair at Hyperledger Rob Palatnick explained, the updated framework is set to improve performance capabilities and is necessary for the evolution of the DLT industry. He added:

“The release of Hyperledger Fabric 2.0 is an important step forward in the on-going evolution of DLT, and was developed based on feedback from real-world use, including improved chain code management capabilities and performance enhancements.”

The introduction of a new management process for the chain code perhaps represents the biggest change to the previous version. The new system of starting a chain code involves a process that ensures multiple interested parties on the chain reach an agreement even before any new introduction is added to the chain.

Other important changes include updates on data privacy and a new external chain code launcher.

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IBM-Backed Hyperledger Fabric Releases Version 2.0

Hyperledger Fabric released version 2.0 of its enterprise distributed ledger technology (DLT) platform, according to a Jan. 30 announcement. Several major features were added to the platform that improve how its different participants communicate with each other.

Hyperledger Fabric is one of the several products of the Hyperledger consortium, which features dozens of important industry players and is primarily backed by IBM.

Fabric is a private or “permissioned” blockchain network that is used in industries such as finance and supply chains. It allows companies to control access to their networks and keep sensitive data private, while enabling some cross-industry cooperation through dedicated channels and verifiable smart contracts.

Version 2.0 made some notable improvements to decentralization by adding a new management system for chaincodes, Fabric’s term for smart contracts. Multiple organizations can now agree on key parameters of a chaincode, which can then be used on the shared ledger.

In addition, chaincodes can be tweaked by single organizations before being committed to the ledger, which ensures that everyone agrees on what data can be shared with each other.

Data sharing has also been streamlined to work on a need-to-know basis. Organizations can now choose to share data privately with specific members of their immediate network, which removes the need to define complex channel combinations to do the same.

Finally, several performance improvements were introduced, involving parallelization of tasks and more efficient program flows. Hyperledger claims that this allows the network to support thousands of transactions per second.

What is Hyperledger Fabric?

Fabric is a highly modular DLT platform that was designed for use in industries. Unlike public blockchains, it answers to the need for businesses to maintain secrecy in their operations. For example, it allows users to customize the price of a product for each client, with none of them knowing what the others are paying for it.

At the same time, Fabric can facilitate cooperation between different industry players with its shared ledger. Companies are allowed to choose which data they want to disclose, while the validity of secret data is ensured through cryptographic mechanisms.

On a technical level, Fabric is extremely flexible. Consensus between organizations can be reached in a variety of ways, while smart contracts can have multiple architectures — those similar to Ethereum, Bitcoin, or even completely different types.

Smart contracts can be programmed in mainstream languages such as Go, Java and Javascript, in addition to Solidity.

As an enterprise product, it features rolling and asynchronous upgrades, which is similar to how mainstream software works.

Fabric recently overtook its competitors in terms of development activity.

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Hyperledger blockchain project releases Hyperledger Fabric 2.0

Open-source collaborative blockchain project Hyperledger has announced the launch of Hyperledger Fabric 2.0.

Hyperledger Fabric is a distributed ledger framework that has been under development by the Hyperledger community since 2016 and the v1.0 was released in July 2017. It has been widely deployed in PoCs and production networks and adopted by major cloud service providers including Alibaba, AWS, Azure, Baidu, Google, Huawei, IBM, Oracle, SAP, and Tencent. It is the first Hyperledger project to hit the 2.0 milestone.

“Fabric 2.0 is a new generation framework developed by and for the enterprises that are building distributed ledger capabilities into the core of their businesses. This new release reflects both the development and deployment experience of the Fabric community and confirms the arrival of the production era for enterprise blockchain,” said Brian Behlendorf, Executive Director, Hyperledger.

In a press release, Hyperledger said that this major release includes various features and enhancements required for enhanced efficiency and security of production deployments. The key focus was on exploring new ways to manage the chaincode (or smart contract) lifecycle to maximize flexibility, remove bottlenecks and create more options to distribute governance, along with security and data privacy.

According to the details, key Hyperledger Fabric 2.0 features include decentralized governance for smart contracts, new chaincode application patterns for collaboration and consensus, external chaincode launcher, private data enhancements, state database cache for improved performance on CouchDB, and Alpine-based docker images.

“The release of Hyperledger Fabric 2.0 is an important step forward in the on-going evolution of DLT, and was developed based on feedback from real-world use, including improved chaincode management capabilities and performance enhancements,” stated Rob Palatnick, Managing Director and Global Head of Technology Research and Innovation at The Depository Trust & Clearing Corporation (DTCC) and Governing Board Chair at Hyperledger.

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Hyperledger Fabric, the open source distributed ledger, reaches release 2.0

The open-source Hyperledger Foundation announced the release of Hyperledger Fabric 2.0 today, the first such project to reach a 2.0 release.

It’s a notable milestone. The blockchain as a business tool has certainly had a rocky road over the last few years, but there is still plenty to like about smart contracts that have automated compliance checks built-in. Hyperledger Fabric 2.0 has lots of new features with that in mind.

The biggest updates involve forcing agreement among the parties before any new data can be added to the ledger, known as decentralized governance of the smart contracts. In practice, it means that the system will prevent any entity from writing to the ledger until there is consensus among the parties involved in the transaction, a basic blockchain tenet.

This is a requirement because the beauty and the curse of the distributed ledger is that it is an immutable record. Once you have written something in the ledger, it becomes very difficult to change it without the agreement of all those involved in the contract. You want to make sure you get it right before you commit something to the ledger.

Along those same lines, developers can build in automated checks along the way. As they say, this ensures the parties can “validate additional information before endorsing a transaction proposal.”

Brian Behlendorf, executive director at Hyperledger and a big advocate of open-source distributed ledger technology, says this is a big milestone for the project and the organization as it looks to help organizations adopt distributed ledger technology.

“Fabric 2.0 is a new generation framework developed by and for the enterprises that are building distributed ledger capabilities into the core of their businesses. This new release reflects both the development and deployment experience of the Fabric community and confirms the arrival of the production era for enterprise blockchain,” Behlendorf said in a statement.

That remains to be seen. The rise of blockchain in business has moved at a slow pace, but this release shows that the open-source community is still committed to building enterprise-grade distributed ledger technology. Today’s announcement is another step in that direction.

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