Enterprise Blockchain Adoption Gathers Pace

Whether it’s digital identity, voting, real estate, government, energy, healthcare or financial services, blockchain technology offers tremendous potential. And that potential, promised for so long by blockchain proponents, is starting to be realized.

As an example, Dutch startup Circularise, a decentralized information storage and communication platform, has just received €1.5 million ($1.8m) of funding via the EU’s Horizon 2020 program. Its goal? To track the lifecycle of plastics to help eco-conscious companies assess their environmental impact and refine recycling processes.

This particular concept isn’t new, of course. Californian software company VMWare is working with Dell to collect ocean-bound plastics, relying on an enterprise blockchain to track packaging materials. Recycling firm RecycleGo, meanwhile, recently joined forces with DeepDive Technology Group to develop a new product using Hyperledger Fabric, one they hope enables them to map the entire history of every single plastic bottle.

Conglomerates Investing Big in Enterprise Blockchain

Blockchains have proven to be incredibly useful for companies seeking to track materials across supply chains, with transparent, immutable audit trails helping organizations achieve environmental targets – many of which are set by the government.

It’s not just plastics, either. Many conglomerates are investing heavily in blockchain to bring about efficiencies in their operations. From Amazon and IBM to BMW and Facebook, the latter via its much-hyped Libra cryptocurrency, major names are becoming highly active in the industry.

Cypherium, a smart contract platform that enables enterprise use cases for all industries, is one of many entities that stands ready to assist companies keen to add another use case to blockchain. Created by former software developers at Google, Amazon, Microsoft, and Tencent, the general-purpose blockchain doubles as an instant ledger that processes real-time transactions and a trusted database connecting isolated data islands. Crucially, it is capable of integrating with business applications, legacy transaction systems, and parallel blockchain networks.

MR. Kristof YouTube channel

Cypherium just announced the opening of its crowdsale registration portal, enabling participants to make a claim for Cypherium Tokens (CPH), which function as gas for executing smart contracts and transacting on-chain. Interestingly, Cypherium is one of the first blockchain companies to develop blockchain applications alongside Google, as popular crypto YouTuber Mr Kristof noted in a recent vlog.

Can Enterprise Blockchain Satisfy Regulators?

Another project, Concordium, has a similar ambition. A regulator-friendly, business-oriented blockchain, it too supports easy-to-deploy smart contracts and plans to launch its mainnet early next year. Its USP is an ID layer at the protocol level, meaning enterprises can comply with legal or regulatory orders to identify counterparts to transactions on the network.

Concordium is nonetheless advertised as pro-privacy, since users can transact in private without broadcasting their operations or financial information on a public blockchain. In other words, while external observers cannot possibly match transactions to specific accounts, Concordium can deanonymize users if a government requests it.

Naturally, that last caveat is unlikely to pass muster with the pro-privacy libertarians who constitute a large percentage of crypto token-holders. Regardless, satisfying regulators is something that may have to happen if enterprise blockchain is to see true liftoff.

Commercial blockchain adoption, spurned by heightened interest from institutional investors and tech-focused grants programs, is likely to increase in the years to come. Enterprise-grade platforms like Cypherium, Concordium, Corda, and Hyperledger Fabric, meanwhile, will continue to capture the interest of curious firms enticed by the many possibilities of blockchain.

Coingape is committed to following the highest standards of journalism, and therefore, it abides by a strict editorial policy. While CoinGape takes all the measures to ensure that the facts presented in its news articles are accurate.

DisclaimerThe views, opinions, positions or strategies expressed by the authors and those providing comments are theirs alone, and do not necessarily reflect the views, opinions, positions or strategies of CoinGape. Do your market research before investing in cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.
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Hyperledger Announces Onboarding of EMURGO Into Blockchain Consortium

Reading Time: 2minutesbyAdeniyi OlowoporokuonSeptember 10, 2020&nbspBlockchain

Blockchain consortium Hyperledger has revealed in a tweet on September 9 2020 the addition of EMURGO and eight other tech firms into its ecosystem. The onboarding of new members is expected to foster blockchain adoption in different sectors.

EMURGO, Visa Lead List of New Members

The notable new additions include EMURGOthe commercial arm of blockchain platform Cardano and payment processing Visa. Hyperledger further explained in a detailedblog postthat the addition of the eight companies was part of the consortium’s plans of expanding blockchain adoption towards addressing real-world problems.

The other members that have joined EMURGO and Visa include Chainstack, SIX and Digital Exchange while companies such as SAP, Tech Mahindra, NEC and Tencent have moved a notch and upgraded to certified suppliers of services.

EMURGO and Visa become part of the group of official partners in the Hyperledger training area, where they are empowered to make use of blockchain technology to create different use cases that can be implemented in products and services promoted by the consortium.

EMURGO CEO Kan Kodama revealed in a statement that Cardano network was pleased to join a consortium of organizations that were building solid infrastructures with blockchain technology. He further commented that being part of the Hyperledger ecosystem would enable synergy of information and resources towards providing real solutions that cater to customer needs.

‘’Becoming a part of Hyperledger’s world class open community enables fellow members with a wealth of varied experiences to strategically exchange valuable resources and collaborate on furthering the maturation of the overall blockchain ecosystem with real solutions to meet the needs of clients.”

Cardano Makes Key Wallet Upgrade

Cardano is one of the most popular blockchain platforms within the crypto space and led by Charles Hoskinson.

Cardano has been making improvements to its existing infrastructure with the blockchain platform recently releasing a new extension for its Yoroi wallet on google chrome webstore.

The extension comes with new features that enable users to withdraw rewards from the dashboard it also allows undelegating ADA that has been marked for staking.

This update was in response to recent complaints by community members regarding the functionality of its desktop wallet.

The blockchain has been working on delivering a mainnet network that would incorporate several attributes with scalability a key factor for the blockchain.

Following the launch of Shelley fork some months back, Cardano is inching closer to the next phase of its mainnet named “Goguen.”

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SIX Digital Exchange, Visa join Hyperledger

Yesterday enterprise blockchain alliance Hyperledger announced eight new members, including the SIX Digital Exchange (SDX) and Visa. The news came just in advance of the member summit, which launches virtually today.

The addition of Visa is not a big surprise. Its B2B Connect payments solution leverages Hyperleger Fabric and it has previously done work on trusted execution environments (TEE), an area that overlaps with the Hyperledger Avalon project. The company has extensive interests in blockchain, apart from supporting debit cards for cryptocurrency platforms. It was an initial participant in Facebook’s Libra though it eventually withdrew. And it is a backer of Anchorage, the digital asset custody solution.

New member SIX Digital Exchange (SDX) may be slightly less obvious given its core settlement solution leverages R3’s Corda. However, R3 is also a Hyperlegder member. Here’s SDX’s take:

“We feel that it is key that we bring our insights to the table to help drive the formation of a global financial market ecosystem that drives new products, services and business models,” said Tim Grant the Head of Business at SIX Digital Exchange.

Other notable additions include SIMBA Chain, which started life working on U.S. defense contracts. It now has several offerings, including a Smart Contract as a Service solution targeted at developers who don’t want to get their hands too dirty with the blockchain itself. It integrates with numerous blockchain platforms, including Hyperledger Fabric, Ethereum, Quorum, RSK and Stellar.

New member Chainstack provides blockchain as a service, including supporting Hyperledger Fabric.

Solution provider and new member Emurgo is associated with the Cardano public blockchain where another associate, IOHK, joined three months ago. The other three additions are Korea’s Creativehill, DeepDive Technology and Valid Network.


Related:

Hyperledger Welcomes Blue Chip Line-Up of New Members and Certified Service Providers as …

SAN FRANCISCO, Sept. 9, 2020 /PRNewswire/ — Hyperledger, an open source collaborative effort created to advance cross-industry blockchain technologies, today announced that eight new organizations, including Chainstack, SIMBA Chain, SIX Digital Exchange and Visa, have joined as members of the the multi-venture, multi-stakeholder effort hosted at the Linux Foundation. These new members are joining the rest of the Hyperledger community for the annual Member Summit. This year’s two-day virtual event will have interactive programming in three time zones to engage the entire global Hyperledger community.

In addition, Hyperledger announced seven more companies, Creativehill, DeepDive Technology Group, NEC, SAP, SwissCom, Tech Mahindra and Tencent, have completed the training requirements to become Hyperledger Certified Service Providers (HCSPs). This brings the total number of HCSPs to 18. New member EMURGO is also jumping in quickly by joining the ranks of official Hyperledger Training Partners.

The growing number of deployment-focused partners points to the increasing adoption of enterprise blockchain across a range of industries, geographies and use cases. To illustrate that point further, Hyperledger has been building out its case study library. Just this week, Hyperledger published a case study on CULedger’s MemberPass permanent, portable digital identity solution for credit union members. Other recent additions include detailed looks at Mindtree’s dual solutions for revolutionizing loyalty programs and Soramitsu’s work with the National Bank of Cambodia on a retail payments system as well as a solution brief on Joisto’s blockchain-based solution for GDPR-compliant document and data storage.

“In a year that has looked like no other, Member Summit is an even more important grounding point for our community,” said Brian Behlendorf, Executive Director, Hyperledger. “The pace of adoption for enterprise blockchain is accelerating, and our members are a driving force for critical new technologies and solutions. Our latest members will be important new voices as we set agendas and roadmaps that will keep us pushing this market forward in the year ahead.”

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 Chainstack, Creativehill, DeepDive Technology Group, EMURGO, SIMBA Chain, SIX Digital Exchange, Valid Network and Visa.

New member quotes:

Chainstack

“Chainstack provides enterprise-grade, managed blockchain services on any cloud. Our mission is to bring scalability, flexibility and transparency to the industry,” said Laurent Dedenis, CEO, Chainstack. “Blockchain technology, and Hyperledger in particular, has the power to resolve some inefficiencies and generate value for the enterprise world. We are thrilled to join the Hyperledger community now as we officially roll out the Chainstack 2.0 blockchain management services platform with a brand-new applications marketplace and API.”

Creativehill

“Creativehill is very honored and thrilled to join the Hyperledger community of leading blockchain enterprises,” said Cheonwoon Yim, Co-Founder & CEO of Creativehill. “We provide blockchain technology to the finance and public sectors based on research we started with Hyperledger Fabric version 0.6. Moreover, our company also offers consultation and reports to other fields to which this technology can be applied. Recently, we focused on producing a use case combining health care and supply chain management. We would like to cooperate on this with the Hyperledger community and contribute our knowledge and efforts to the development of the ecosystem.”

DeepDive Technology Group

“We believe that blockchain innovation is bigger than the internet itself,” said Misha Hanin, Founder & CEO, DeepDive Technology Group. “We believe that in the next 3, 5, 7, 10 years, we’ll see a huge WORLD transformation driven by blockchain. We’ll start solving huge problems for large enterprise companies, governments, and entire nations using this technology. At DeepDive Technology Group, we believe that Hyperledger Fabric will play the absolute leading role in driving blockchain innovation forward. Our own team of enterprise blockchain trailblazers is currently building production level use-cases using Hyperledger Fabric; we see how in the past two years, blockchain has gone from something almost no enterprises talked about, to something half of enterprises have now planned serious investments in. We’re thankful to be members of the Hyperledger community, to play a leading role in the advancement of enterprise blockchain ourselves.”

EMURGO

“As a global blockchain solutions provider and founding entity of the globally recognized Cardano blockchain, EMURGO is excited to enter Hyperledger and join hands with a phenomenal group of organizations that are building robust blockchain infrastructures to support a new spectrum of valued services,” said Ken Kodama, EMURGO CEO. “EMURGO is highly committed to developing end-to-end, tailored blockchain solutions such as our new customized Brandmark solution in order for clients to address existing inefficiencies in industries like supply chain. Becoming a part of Hyperledger’s world class open community enables fellow members with a wealth of varied experiences to strategically exchange valuable resources and collaborate on furthering the maturation of the overall blockchain ecosystem with real solutions to meet the needs of clients.”

SIMBA Chain

“We are excited to join Hyperledger, a premier development framework for enterprise blockchain solutions, and be part of a community comprising so many premier organizations exploring collaborative models for blockchain technologies,” said Joel Neidig, CEO of SIMBA Chain, a Smart Contract as a Service and blockchain innovation platform company. “SIMBA’s roots go back to one of DARPA’s first blockchain contracts, so we have a long-standing focus on working with small and large enterprises, governments and other organizations to bring practical use-cases to full realization. With our platform’s recent support for Hyperledger, we believe now is a great time to join and help bring the community forward.”

SIX Digital Exchange

“SIX Digital Exchange is on the leading edge of building next generation digital market infrastructure to support the evolution of financial markets with enterprise blockchain and digital assets as a foundation,” said Tim Grant, Head of Business, SIX Digital Exchange. “Hyperledger is one of the most significant industry focal points for the continued development of enterprise blockchain, and we feel that it is key that we bring our insights to the table to help drive the formation of a global financial market ecosystem that drives new products, services and business models into the marketplace and supports a better future for governments, corporations and individuals.”

Valid Network

“As the provider of a first of its kind blockchain security solution, we are more than excited to take part in the Hyperledger community and the Linux Foundation,” said Kfir Nissan, co-founder and CEO at Valid Network. “We see joining this collaboration as an important strategic step for our company and technology, and believe that together we can build a future of secured and trusted blockchain solutions for enterprises all over the world, enabling them to innovate with blockchain faster and safer than they could ever imagine.”

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/.

Contact:

Emily Fisher

Linux Foundation/Hyperledger

[email protected]

SOURCE Hyperledger

Related Links

https://www.hyperledger.org/

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Australia’s Leading Banks Are Coming Together To Digitize Bank Guarantees Using Blockchain …

Three leading banks in Australia have come together to form a new start up that will use blockchain technology to produce digital bank guarantees. Bank guarantees are the official contracts between lending institutions and their clients. It assures the lender that the debt will be paid even if the borrower goes bankrupt.

Westpac Banking Corporation, Commonwealth Bank of Australia, and Australia and New Zealand Banking Group Limited have teamed up with IBM and Scentre Group , an Australian shopping center company to form Lygon, a startup that will leverage blockchain technology to digitize bank guarantees. The companies formed the company following a successful testing of the project last year.

The technology was also tested by National Australia Bank, which is one to the top four banks in Australi but the project never picked up following the COVID-19 pandemic outbreak.

Reducing costs and time during property leasing processes

According to the group, the new technology will mainly focus on digitizing commercial lease agreements and save time and money for commercial landlords. According to Lygon Chairman Nigel Dobson, the new technology will also ensure small businesses’ safety in the short term. Lygon will help reduce the time it takes to issue a bank guarantee from one month to just one day.

According to IBM, the technology transformed the long and tedious paper-based and inefficient bank guarantee process into a short and simple digital process. The new company will use IBM’s Hyperledger technology to produce digital bank guarantees and make it possible to process them in one day. The startup is expected to be launched in September. The Hyperledger Fabric is an open-source blockchain project developed by the Linux Foundation.

“It comes to market at a time when some people have been questioning the value of blockchain but what makes this work for us, and our customers, is that it solves a really big problem,” Dobson said.

He added that Lygon’s commercialization is a major milestone for global and Australia’s blockchain industry. According to Dobson, the new platform will help transform a three-way contract by digitizing the paperwork, the process, and the legal undertaking behind it.

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Implement a sample business network

Learn the step by step to implement a sample network at the free IKS level. You will then be able to start developing, demoing and building your blockchain applications and a simulated multi-organizational network.

1. Make an account on the IBM Cloud;

2. Access Kubernetes Service on the IBM Cloud and sign up to create the free IKS level and implement;

3. Navigate back to the Blockchain Platform and click to launch your blockchain console on the IKS free tier cluster. You can select the cluster through navigation;

4. When you see the launch button, you can enter the blockchain console where you will see a quick start tutorial, in addition to different nodes that can be implemented;

5. If you select the quick start, you will be guided through a series of simple steps to “Build a network”, “Join a network” or “Implement a smart contract on the network”.

For more complete details, see the IBM Blockchain Platform documents. Here is a preview of how you will be guided:

Implement a certificate of authority, requiring service nodes or peers;

Create identities and channels;

Model your business network by defining the classes of assets, participants, transactions, events and access control rules;

Write a short contract, install a smart contract, create an example of a smart contract, or send a transaction using your client’s application.

What is not included in the free level?

The free level is optimized to provide an overview of the operational tools and to help you quickly develop and test. It differs from standard plans in several ways:

It will be automatically removed after a month and there is no way to migrate it to a standard level, so don’t count on the data remaining beyond the period of a month, as the whole example will disappear;

It should not be used for stress tests. It is a free resource, and IBM bears all costs, so in order to make it available, it is necessary to limit the resources allocated;

There is no maintenance applied to these implements. If a new version of Hyperledger Fabric becomes available, IBM will not update the free levels; you will need to delete and restart the IBM Blockchain Platform.

What’s beyond the free level?

When you’re ready to get started, expand your network and implement your definition, smart contract and applications for a production environment with the addition of enhanced security layers and premium support, you will prefer the standard IBM Kubernetes plan.

With it, you will be able to add more IBM Blockchain Platform nodes, more resources (processing and storage), as well as a drop-tolerant and production-level infrastructure that runs in a portable, Kubernetes-based environment that is secure in the cloud . This includes runtime / data isolation, high availability for requests and a certificate of authority, as well as the ability to use multiple zones for disaster recovery.

Why not just use open source technologies directly on your computer?

A blockchain implemented locally and based on the structure of the Hyperledger Fabric can provide a great simulation. But without access to other member organizations, you cannot experience or test the scalability and power of a multi-organizational network. In addition, using open source technologies locally requires a little more patience and skill with command line code.

On the other hand, with the IBM Blockchain Platform, you have a set of scalable, reliable and fully integrated operational and administration tools to guide you in your network creation, implementation, monitoring and administration with simple clicks and easy instructions. The code and skills you develop are easily transferable to production environments, so when you’re ready to move to a full-scale network in production, you’ll have exactly the same experience.

Looking to develop and / or test a smart contract quickly?

The easiest and most economical way to learn more about developing smart contracts for Hyperledger Fabric is by purchasing the free IBM Blockchain Platform VS Code extension. There are several built-in samples that can help you get started, including commercial promissory notes and FabCar. Once the extension is installed, you can create your first smart contract by following this tutorial.

With the VS Code extension, you can develop, package and implement your smart contracts quickly and with simple management of multiple workspaces. In addition, the extension has a quick built-in installation of Hyperledger Fabric to test your contract quickly. You can also easily import connection profiles for remote networks, which allows you to implement your bundled contracts on any network in which you participate.

Get help and support

There are several ways to get support and answers to your questions.

1. For questions about blockchain in general:

Search dW Answers. Browse already asked questions or submit a new one (include the keyword blockchain);

2. For help with the IBM Blockchain Platform:

The Support section in the user interface has several resources for self-help and release notes. For software defects or problems that run away from existing resources, you will find instructions for submitting a support case on the IBM Cloud Service Portal. When you do, you will receive a response email within minutes;

3. For specific Hyperledger Fabric implementation questions:

Hyperledger Rocket.Chat and Stack Overflow are your best bets.

Next steps

We will include five great ways to improve your blockchain skills:

Take the next steps on your blockchain learning journey by following the IBM Developer blockchain learning path;

Stay on top of the developerWorks blockchain newsletter. Take a look at some recent issues and sign up;

Take a look at the Blockchain content hub at IBM Developer. It is your source for tools and tutorials, as well as code and community support to develop and implement blockchain solutions for businesses;

Watch the IBM Blockchain platform console video series, which will show you in detail how to set up a business network on the IBM Blockchain Platform;

See the various blockchain code patterns in IBM Developer, which provide roadmaps for solving complex problems and include panoramas, architecture diagrams, process flows, repository indicators and additional readings.

Want to read more specialized programming content? Discover the IBM Blue Profile and access exclusive materials, new knowledge journeys and personalized tests. Check it out right now, get the badges and upgrade your career!



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Top 5 Benefits Of Hyperledger Fabric Developer Experts With Smart Contracts

Are you interested in exploring the technology that is shaping up the business industry? It is a smart contract. A digital way of signing mutual consent between the involved parties. In simpler terms, smart contracts facilitate validating a treaty between the parties that are involved in the business.

Hyperledger explorer smart contracts is a smarter way of validating a transaction or transfer of assets with blockchain being the foundation technology. The tool is highly helpful in creating applications that are powered by the blockchain technology in a framework sharing a modular architecture.

This article aims to introduce the reader to Hyperledger Fabric. The article also mentions the benefits of using Hyperledger Fabric for validating and processing smart contracts.

Concept Of Smart Contracts

If your curiosity about the smart contracts leaves you scratching your head, then this section will help simplify the concept for you. Smart contracts are the self-executing contracts containing the confidential information of the buyer and seller in an encrypted format that further adds a layer of security.

All the information is stored on the blockchain network, i.e. the open-source distributed digital ledger. It eliminates the requirement of a central authority and allows the exchange of information while maintaining anonymity at the same time.

The concept was first proposed in 1994, however, has undergone a tremendous evolution that inspires the developers and clients to inculcate the technology into their business functioning.

Hyperledger Fabric is an effective tool with a modular architecture that facilitates smart contracts. Scroll below to discover more about the tool and its benefits that make it popular amongst the Hyperledger Fabric developers.

Introduction To Hyperledger Fabric

Hyperledger Fabric is a framework based on blockchain technology in a modular theme (divided in separate modules independent of each other) that facilitates the creation of blockchain-based applications, software solutions and other similar products and services that are dedicated for the optimal functioning of private enterprises.

Hyperledger fabric is a cross-industry business venture that is powered by the Linux Foundation. The innovation was sparked by joint efforts of Digital Asset and IBM that has now evolved over the years.

Hyperledger Fabric was intended to facilitate private and confidential transactions (also contracts) as a powerful enterprise-oriented solution. It is not only based on a secure foundation but also conveniently scalable.

The platform is an open-source engine that is suitable to track and manage day-to-day business activities. The technology supports grants of permission that keeps the platform verified and away from any unauthorized intervention.

The technology is highly useful for the sectors that deal with sensitive information and are bound to maintain them.

To have a better understanding of the subject, let us take the example of a manufacturer willing to sell its product to various retail outlets that are bifurcated in different stages such as shipping, custom etc.

The financial transactions that are carried out, in this case, involve only the registered members that eventually contribute to maintaining privacy as no foreign bodies can access the information except the ones that are granted permission for the same.

After having a fair idea of the Hyperledger Fabric, let us proceed with discovering its benefits contributing to its rising popularity.

Benefits Of Hyperledger Fabric

There are many benefits associated with the Hyperledger Fabric that makes it high in demand for blockchain-based web and app development projects for business applications. This section of the article covers the major benefits for featuring smart contracts with the help of Hyperledger Fabric.

Permissioned Memberships

All the users accessing the network have their unique identities. The platform facilitates the participation of the members that are registered on the network. The applications of the network are in compliance with the data protection laws requiring the members to be registered.

Modular Architecture

The modular architecture that it possesses helps the developers mould the optimal features that cater to the business purpose. It offers the convenience of plug-in type modifications that makes the customization easy and also efficient.

The modular architecture is also helpful while making any modifications without hampering the structure.

Highly Secured Platform

It is because of the Hardware Security Module that the developers can add an extra layer of security to protect the sensitive data and information. HSM is effective in managing and securing the digital keys for secure authentication.

Informing The Right Party

Privacy plays an important role in winning the trust of the investors as well as the customers. The technological advancements have paved the way to consider privacy as an important element to consider in doing day to day business. Hyperledger Fabric facilitates data partitioning that allows it to adopt a selective approach while informing parties about the confidential facts and figures.

Enhancing Performance And Scalability

As already mentioned above in the article that Hyperledger Fabric boasts a modular architecture, it divides the transaction process into three stages that enhance the performance while making the process anytime scalable. All this eventually results in elevating the level of trust between the parties that are involved in the business.

Final Words

The adoption of Hyperledger explorer smart contracts can be an effective way to scale-up your business and showcase the potential of your business in a secure environment. The modular architecture makes the Hyperledger fabric highly recommended for the development of blockchain-powered applications.

The ongoing research and development on blockchain-based projects and the reliability that it has showcased in the past decade makes the investment worthwhile.

Related:

Wipro Looks into the Future as Company Builds Blockchain Technology in Cooperation with …

Although cryptocurrencies were still struggling to pick up steam in developing countries, blockchain technology has enjoyed a stellar run in many sectors. Many industry giants now consider blockchain technology to be an integral part of their work because it makes several processes easier and more hassle-free. Indian IT giant Wipro has become the latest organization to tap into the blockchain market by implementing a small-scale, blockchain-based liquefied natural gas trading platform. The platform will be used for the energy behemoth Uniper Global Commodities SE and Liqvis GmbH, its LNG-for-trucks subsidiary.

The Bangalore headquartered IT company has hedged its bets with blockchain technology because it knows how far the technology has progressed over the past few years. Sources have said that the blockchain platform was jointly built by Uniper and Wipro with an aim to change the way the ing market behaves. The consortium model will enable all ssLNG market participants to partake in the latest industry movements.

The latest model will help traders save costs and make them more efficient in a truly uncertain trade climate. Sources indicate that the platform will offer multiple peer-to-peer trading cycle participants, validation of the state of the goods as well as enabling order and supply placements. Given the new platform, Uniper will be able to enable scalability while at the same time bringing visibility and transparency to its products.

Grigory Shevchenko, the Senior Account Manager Gas Supply and Origination, LNG Business Development at Uniper had stated:

“..when we enter more downstream logistics-heavy markets, we encourage the use of innovative technologies to optimize our processes and operations. Blockchain will enable business volume growth without needing a lot of additional headcounts to manage transactions. This will be true for us and our counterparts that will engage with Uniper through the paperless blockchain platform.”

As the world moves towards a contactless setup, it is imperative that technologies such as the one developed by Wipro become a staple. Wipro officials also said that smart contracts used on the platform are automating important processes such as shipment creation, bunkering, settlement, and invoice generation.

This is not the first time Wipro has dabbled in blockchain technology as the company is an important member in the development of Hyperledger Fabric. Wipro also participates in popular blockchain projects such as Hyperledger Indy and Hyperledger Sawtooth.

Source:PC:Pixabay

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Clear and cross-blockchain interoperability on Hyperledger Fabric

Clear

ClearClear has completed a successful Proof of Concept (PoC) trial with Hyperledger Fabric. It used an enterprise distributed ledger framework hosted by the Linux Foundation for developing solutions with a modular architecture. In effect, Clear – a developer of blockchain-based settlement and clearing networks – shows its unique tech stack can support more than one ledger, thereby bringing flexibility.

Brian Behlendorf, Executive Director at Hyperledger, said: “Cross-platform interoperability is vital to enabling broad-based transactions in telecom and other complex industries. As champions of open technologies, Hyperledger welcomes this effort to connect disparate DLTs to enable wide-spread sharing and reconciliation of data and information. It’s great to see Hyperledger Fabric serve as a foundation for multi-blockchain environments.

The need

Until now, most enterprises investing in blockchain-based processes and solutions could only interact with a single Distributed Ledger Technology (DLT). Cross-platform interoperability ranged from difficult to impossible. Such a logical constraint limited the ability of enterprises to:

  • interact
  • share information
  • settle financial transactions.

The Clear PoC (and it is only a PoC) suggests that Clear’s customers now have a broader scope of choice. They can:

  • choose which ledgers to interact with
  • use the best-of-breed most applicable to their needs
  • stay up-to-date with future evolution.

Clear and Hyperledger Fabric

Hyperledger is an open-source collaborative effort created to advance cross-industry blockchain technologies. Hyperledger hosts many blockchain technology projects including enterprise-grade, open-source distributed ledger frameworks, libraries, and tools. Hyperledger’s member network includes organisations as varied as:

  • Walmart
  • Accenture
  • IBM
  • JP Morgan
  • Consensys.

Clear became a Hyperledger member in early 2020. It has since developed tools to create blockchain-based settlement and clearing networks. This PoC demonstrates how its abstraction layer can work when running on Hyperledger.

Eran Haggiag, Co-Founder and Executive Chairman of Clear, said: “As a leading provider in the telecom industry, Clear operates in numerous networks and with multiple DLTs, and we are looking forward to expanding and supporting more ledgers and enterprises in achieving a seamless trade process. We want to break the DLT silo mindset, and it is important to us that our customers can enjoy all of Clear’s enterprise features irrespective of their DLT of choice. By facilitating this kind of collaboration, Clear and Hyperledger Fabric will open up a range of exciting new use cases.

Enterprise Times: what does this mean

This is the latest announcement from Clear, which:

The PoC confirms that Clear’s software can connect users to any network, including Hyperledger Fabric networks. It means enterprises are no longer forced to choose or switch DLT platforms in order to interact with other parties. To do this, Clear developed a toolset which can create blockchain-based settlement and clearing networks for enterprises.

Such DLT-agnostic solutions should make it easier to run applications on any network. That could be a game-changer in the enterprise blockchain space. Instead of using two or more blockchain systems, with Clear they may be able to use one.

Related:

Blockchain Platforms Software Market 2020 Business Scenario – IBM Intel Microsoft Ethereum …

JCMR recently introduced Global Blockchain Platforms Software Market study with focused approach on market size & volumes by Application, Industry particular process, product type, players, and production & Consumption analysis considering major factors, cost Structure and regulatory factors. At present, the market is developing its presence and some of the key players from the complete study are IBM Intel Microsoft Ethereum Ripple Quorum Hyperledger R3 Corda EOS OpenChain Stellar SAP Amazon Mastercard

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions

Our report will be revised to address COVID-19 effects on the Global Blockchain Platforms Software Market.

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Market segmentation information from 2012-2028

On The Basis Of Type: Private Public Consortium

On The Basis Of Applications/ end users: E-Commerce Finance Medicine Real Estate and Others

On The Basis Of Regions: North America, Europe, China, Japan, Rest of the World

This study also contains company profiling, product picture and specifications, sales, market share and contact information of various international, regional, and local vendors of Global Blockchain Platforms Software Market, some of them are IBM Intel Microsoft Ethereum Ripple Quorum Hyperledger R3 Corda EOS OpenChain Stellar SAP Amazon Mastercard . The market competition is constantly growing higher with the rise in technological innovation and M&A activities in the industry. Moreover, many local and regional vendors are offering specific application products for varied end-users. The new vendor entrants in the market are finding it hard to compete with the international vendors based on quality, reliability, and innovations in technology.

following are the major factors which is provided in our study-

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Highlights about report coverage:

– A complete background analysis, which includes an assessment of the Global Blockchain Platforms Software Market.

– Important changes in Blockchain Platforms Software market dynamics

– Blockchain Platforms Software Market segmentation up to the second & third level regional bifurcation

– Historical, current, and projected size of the Blockchain Platforms Software market with respect to both value (Revenue) and volume (Production & Consumption)

– Reporting and evaluation of recent Blockchain Platforms Software industry developments

– Blockchain Platforms Software Market shares and strategies of key players

– Emerging niche segments and regional markets

– An objective assessment of the trajectory of the Blockchain Platforms Software market

– Recommendations to companies for strengthening their foothold in the Blockchain Platforms Software market

Additionally the export and import policies that can make an immediate impact on the Global Blockchain Platforms Software Market. This study contains a EXIM* related chapter on the Global Blockchain Platforms Software Market and all its associated companies with their profiles, which gives valuable data pertaining to their outlook in terms of finances, product portfolios, investment plans, and marketing and business strategies.

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There are following 15 Chapters to display the Global Blockchain Platforms Software Market.

Table of Contents

1 Market Overview

1.1 Global Blockchain Platforms Software Introduction

1.2 Market Analysis by Private Public Consortium

1.3 Market Analysis by E-Commerce Finance Medicine Real Estate and Others

1.4 Market Analysis by North America, Europe, China, Japan, Rest of the World

1.5 Market Dynamics

1.5.1 Market Opportunities

1.5.2 Market Risk

1.5.3 Market Driving Force

2 Manufacturers Profiles

2.1.1 Business Overview

2.1.2 Global Blockchain Platforms Software Market Type and Applications

2.1.3 Blockchain Platforms Software Sales, Price, Revenue, Gross Margin and Market Share and SWOT analysis (2019-2020)

3 Global Blockchain Platforms Software Market Competition, by Manufacturer

4 Global Blockchain Platforms Software Market Analysis by Regions including their countries

5 North America, Europe, China, Japan, Rest of the World

6 Product Type- Private Public Consortium

7 Application Type- E-Commerce Finance Medicine Real Estate and Others

8 Key players- IBM Intel Microsoft Ethereum Ripple Quorum Hyperledger R3 Corda EOS OpenChain Stellar SAP Amazon Mastercard

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10 Global Blockchain Platforms Software Market Segment by Private Public Consortium

11 Global Blockchain Platforms Software Market Segment by Application

12 Global Blockchain Platforms Software Market COVID-19 Impacted Forecast (2020-2028)

13 Sales Channel, Distributors, Traders and Dealers

14 Research Findings and Conclusion

15 Appendix

….Continued

Complete report on Global Blockchain Platforms Software Market report spread across 200+ pages, list of tables & figures, profiling 10+ companies. Select license version and Buy this updated Research Report Directly @ jcmarketresearch.com/checkout/71239

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