Splunk : Hyperledger Fabric Security Monitoring with Splunk | MarketScreener

In this post, we demonstrate how to set up effective security monitoring of your Hyperledger Fabric infrastructure. We identify some common threats, recognize key data sources to monitor, and walk through using Splunk to ingest and visualize your data. This post follows Introducing Splunk App for Hyperledger Fabric and highlights the use of the app for security monitoring of blockchain infrastructure. We will address smart contract/chaincode security & monitoring in a follow-up post.

Threats

Blockchain infrastructure incorporates a diverse set of technologies, across a distributed network, which means it faces some unique challenges. Some of the most significant infrastructure threats include Denial of Service (DoS), Key Theft, Network Partitioning, Consensus Manipulation, and Blockchain Integrity Attacks. We show indicators and data sources required to detect DoS, Consensus Manipulation and Ledger Manipulation attacks and demonstrate results from an emulated DoS attack.

Key Data Sources

In addition to the data sources that are already important to monitor in any enterprise environment, blockchain systems produce huge amounts of additional data that should be monitored.

Generally this data is separated into on-chain and off-chain data. On-chain data consists of the ledger data, which is persistent and resistant to tampering from network-wide replication. Off-chain data is often ephemeral and may not be widely distributed. Examples of off-chain data include the state database, network traffic, as well as node metrics and logs. The table below shows how a combination of data from the ledger, logs, and metrics can be used to indicate different threats.

Threat

Indicators

Data Source

Denial of Service

Tx throughput & latency

Block latency

# Senders

# Open connections

Block headers,

Node metrics

Consensus Manipulation

Changes in chain config

Leadership Elections

Blocks

Node logs

Ledger Manipulation

Orphaned blocks

Block headers



Getting Started with Hyperledger Fabric Monitoring

We can easily analyze Hyperledger Fabric’s ledger, log, and metric data with the following tools. Splunk Connect for Hyperledger Fabric ingests ledger and metric data from a Hyperledger Fabric deployment. The Splunk Docker logging driver can be used to send container logs to Splunk. Finally, Splunk App for Hyperledger Fabric facilitates the analysis of this data in Splunk. For a walkthrough of the main features of Splunk App for Hyperledger Fabric read Introducing Splunk App for Hyperledger Fabric.

Once you have the app running, click on the Security Monitoring dashboard to be presented with a high level view of several threat indicators. Of note, indicators of DoS include trends in transaction latency & throughput, unique senders, as well as open gRPC connections. Orphaned blocks may indicate attacks on Blockchain Integrity. Finally, indicators of Consensus Manipulation include configuration updates and consensus leader changes.


A view of the Security Monitoring dashboard


Of course this dashboard is only a sample of what is possible. You can further expand on the searches in any of these dashboards yourself, using events captured from node logs or ledger data, along with Prometheus/StatsD Hyperledger Fabric metrics.

Example: Detecting DoS Attacks

Now, we’ll demonstrate how our monitored indicators respond to an emulated DoS attack. In this scenario, an authorized user has their keys compromised and begins spamming the network with transactions.

We will be paying particular attention to the transaction latency, throughput, and number of open connections. First, we’ll look at the normal case where a single client is sending 10 transactions per second.


Normal Case: Transaction and Connection Metrics


Next, we’ll have a single client open up persistent 1000 connections each performing 1 query per minute. Here, we see that the transaction latency starts to increase, transactions per second decreases, and the number of open connections increases. At this point, it may be difficult to determine if this is reflective of a high period of load, misconfiguration, or a denial of service attack.


Adversary Case: Transaction and Connection Metrics


We can investigate further in the Infrastructure Health and Monitoring Dashboard, where we see connection and I/O timeout errors.


Infrastructure Health and Monitoring: I/O Timeouts

Because we noticed a large number of open connections, we should query Splunk to see the distribution of gRPC message subjects and addresses. When we perform this search we see a large discrepancy in message count – indicating that “User1@buttercup.example.com,L=San Francisco,ST=California,C=US” is likely compromised or misconfigured and should be investigated further.

gRPC Message Counts

Conclusion

Comprehensive monitoring can help to secure your blockchain infrastructure by quickly identifying threats and facilitating investigations. Monitoring is only one part of a secure software development life cycle, and it does not replace the need for independent audits or penetration tests. We showed how you can use the Splunk App for Hyperledger Fabric to monitor the security of your Hyperledger Fabric deployments and facilitate incident investigation and remediation.

Stay tuned for a deep dive in contract/chaincode security & monitoring in a follow-up post. If you need assistance with Hyperledger analytics connect with us at blockchain@splunk.com.

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Smart Contracts Software Market 2021-2026 Global Analysis by Ethereum, Corda, Hyperledger …

The Research report provides an in-depth analysis of the impact of COVID-19 on numerous segments within the Smart Contracts Software market-supported product types, applications, and key players like (Ethereum, Corda, Hyperledger, Microsoft, DigiByte Holdings, AlphaPoint, and more) across various countries around the world. Further, the Smart Contracts Software market report additionally provides insights into market developments, trends, provide and demand changes across numerous regions across the globe. The market is predicted to witness continuing growth throughout the forecast from 2021 to 2027. It commits various factors affecting industry like market environment, various policies of the government, past data and market trends, technological advancements, upcoming innovations, market risk factors, market restraints, and challenges within the industry. Then it analyzed the world’s main region market conditions, including the demand and supply chain analysis and industry rate of growth etc. At the top, the report introduced a new project SWOT analysis, investment feasibility analysis, and investment return analysis.

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Further, the report presents profiles of competitors in the Smart Contracts Software market include:

  • Ethereum
  • Corda
  • Hyperledger
  • Microsoft
  • DigiByte Holdings
  • æternity blockchain
  • AlphaPoint
  • AnChain.AI
  • BigchainDB
  • Bison Trails Co.
  • BlockApps
  • Block Notary
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  • ChromaWay
  • Chronicled
  • CloudFabrix Software
  • Credits
  • Digital Asset
  • IBM
  • Icertis
  • Kadena
  • Monax
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  • Sanjh
  • Brickblock Digital Services
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  • OpenLaw

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Smart Contracts Software Market Breakdown by Product Type:

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Smart Contracts Software Market Breakdown by Application:

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Startup helping Tel Aviv Exchange with blockchain securities lending raises seed round

Today, enterprise blockchain startup Blockchain Technology Partners (BTP) announced that it raised £2 million ($2.8m) in a seed round backed by the UK’s Force Over Mass and Germany’s Signature Ventures.

BTP is best known for its work supporting the Tel Aviv Stock Exchange to launch its blockchain securities lending platform. The French startup Liquidshare, which is backed by Euronext and Societe Generale, is also using BTP’s Sextant for DAML to deploy the smart contract language on its blockchain platform.

Sextant is BTP’s primary offering to make it easier for enterprises to deploy blockchain solutions. Most corporates are interested in the application, but to deploy a blockchain offering usually involves getting your hands dirty with blockchain infrastructure, creating a hurdle. That’s what Sextant aims to address. It started off supporting Hyperledger Sawtooth, which is a relatively niche blockchain, and more recently added Hyperledger Besu, a popular business-friendly Ethereum client that can work with both public and private Ethereum.

Sextant has also integrated cross platform smart contract language DAML for some blockchain flavors.

Wouter Volckaert, Partner at Force Over Mass, said, “By facilitating the development of blockchain-based applications, BTP’s transformational platform removes a major barrier for businesses looking to adopt enterprise blockchain technology. We have been extremely impressed by BTP’s founding team, and we are confident they will continue to lead the sector for years to come.”

Force Over Mass also invested in Adhara, another enterprise blockchain startup, co-leading its Series A in May.

Signature Ventures has a portfolio of blockchain startups, with a focus on companies dealing with crypto-assets, including custodian Finoa.

BTP is up against some stiff competition. Perhaps the biggest is Kaleido which, like BTP, aims to make it easier and faster to deploy enterprise blockchain solutions. It too supports Hyperledger Besu and was incubated by ConsenSys, the Ethereum solutions company that open-sourced Besu and now owns the Quorum brand. A big plus for BTP is there should be plenty of work to go round.


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Smart Contracts Software Market 2021-2026 Industry Key Players Analysis – Ethereum, Corda …

Smart Contracts Software Market research Report is an inestimable supply of insightful data for business strategists. This Smart Contracts Software Market study provides extensive data which enlarge the understanding, scope, and application of this report.

A specified study of the competitive landscape of the global Smart Contracts Software Market has allow, providing insights into the corporate profiles, financial position, recent developments, mergers and acquisitions, and therefore the SWOT analysis. This analysis report will provide a transparent curriculum to reader’s concern regarding the overall market situation to further choose on this market project.

The Smart Contracts Software Market report profiles the successive companies, which includes: – Ethereum, Corda, Hyperledger, Microsoft, DigiByte Holdings, æternity blockchain, AlphaPoint, AnChain.AI, BigchainDB, Bison Trails Co., BlockApps, Block Notary, Blockstream, ChromaWay, Chronicled, CloudFabrix Software, Credits, Digital Asset, IBM, Icertis, Kadena, Monax, Neo Team, Polymath, Riverr Pte. Ltd., Sanjh, Brickblock Digital Services, Symbiont, BlockCAT Technologies, OpenLaw

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The report discusses in detail the various important aspects of the Smart Contracts Software market. The report has an intelligent insight on critical aspects that are essential to good growth in the Smart Contracts Software market. Some of these aspects include market size, growth, revenue, sales, demand, risks, threats, opportunities, economic forecast and history, and much more. The report is based on factual data assessed by our research analysts to give our clients a complete overview of the Smart Contracts Software market landscape and prepare a business canvas accordingly.

Reports Intellect analysts are currently analyzing and coordinating their insights on the effect of COVID-19 across diverse industry verticals. These insights are quite promising for several businesses and ventures to cope up with this unprecedented downturn and take effective strategic decisions to expand and proliferate within a competitive business ecosystem.

By Types:

Cloud Based

On Premises

By Applications:

Large Enterprises

SMEs

Market Segment by Regions, regional analysis covers

North America

Europe

Asia-Pacific

South America

The Middle East and Africa

Table of Contents –

Global Smart Contracts Software Market Size, Status and Forecast 2026

1 Market Overview

2 Manufacturers Profiles

3 Global Smart Contracts Software Sales, Overall Revenue, Market Share and Competition by Manufacturer

4 Global Smart Contracts Software Market Analysis by Various Regions

5 North America Smart Contracts Software by Countries

6 Europe Smart Contracts Software by Countries

7 Asia-Pacific Smart Contracts Software by Countries

8 South America Smart Contracts Software by Countries

9 The Middle East and Africa’s Smart Contracts Software by Countries

10 Global Smart Contracts Software Market Segment by Types

11 Global Smart Contracts Software Market Segment by Applications

12 Smart Contracts Software Market Forecast

13 Sales Channel, Distributors, Traders and Dealers

14 Research Findings and Conclusion

15 Appendix

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Overview of the chapters analyzing the global Smart Contracts Software Market in detail:

Chapter 1 details the information relating to Smart Contracts Software introduction, reach of the product, market overview, Market risks, driving forces of the market, etc

Chapter 2 analyses the top manufacturers of the Smart Contracts Software Market by sales, revenue, etc for the Forecast period 2021 to 2026

Chapter 3 analyzes on the contending landscape amongst the highest manufacturers based on sales, revenue, share, etc for the period 2021 to 2026.

Chapter 4 defines the worldwide market by regions and their market share, overall sales, revenue, etc. for the forecast period to 2026.

Chapters 5 to 9 analyze the Smart Contracts Software regions with Smart Contracts Software countries depend on market share, revenue, sales, etc.

Chapters 10 and 11 contain the information concerning market basis types and application, sales, market share, growth rate, etc for the forecast period 2021 to 2026.

Chapter 12 concentrates on the market forecast for 2021 to 2026 for the Smart Contracts Software Market by regions, type and application, sales and interest.

Chapters 13 to 15 contain the database associate to sales channels, suppliers, traders, etc for the Smart Contracts Software Market.

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LiquidShare selects BTP’s Sextant platform for blockchain-based post-trade offering

LiquidShare was created in 2017 by eight major European financial institutions (AFS Group, BNP Paribas Securities Services, Caceis, Caisse des Dépôts, Euroclear, Euronext, S2iEM and Société Générale) with the mission to build a European post-trading blockchain infrastructure for the financial industry. The company’s post-trade offering secures and streamlines back-office operations in financial markets, while enhancing the transparency and trustworthiness of post-trading operations, leveraging the open-source distributed ledger Hyperledger Besu, and Daml, an application platform.

“We chose Daml as our smart-contract language for its strong potential to embed business logic, and because it enables us to build multiparty business processes easily and rapidly. The fact that it is supported by BTP on our ledger of choice, Hyperledger Besu, was also a main driver for us,” said Jean-Marc Eyssautier, CEO of LiquidShare. “Sextant for Daml has accelerated our time to market by allowing us to focus on customer needs.”

BTP’s Sextant for Daml solution radically simplifies the deployment and management of the Daml runtime environment on distributed ledgers, so innovators such as LiquidShare can focus on the application rather than the underlying infrastructure.

“We are delighted to facilitate such financial innovation by freeing LiquidShare from technology infrastructure frustrations,” said Duncan Johnston-Watt, CEO & Co-founder of BTP. “This is a great use case that showcases the business value of distributed ledgers and smart contracts, by lowering the barrier to entry to capital markets.”

Daml, created by Digital Asset, is an application platform purpose-built for coding complex multiparty business processes. Daml applications provide a robust framework to better manage transactional workflows, resulting in improved operational efficiency, while preserving privacy and trust. This is particularly relevant to capital markets.

“LiquidShare is at the forefront of innovation in post-trade markets,” said Yuval Rooz, Co-founder & CEO at Digital Asset. “Post-trade processes can significantly benefit from the efficiency and trust provided by distributed ledgers and Daml, which is quickly becoming the de facto standard in capital markets. It’s great to see LiquidShare using Sextant for Daml. It is the right platform to help LiquidShare bring its new blockchain-enabled offering to the market.”

Sextant for Daml, developed in partnership with Digital Asset, simplifies the deployment and management of the Daml runtime environment on Hyperledger Besu and Hyperledger Sawtooth, as well as Amazon QLDB, Amazon Aurora and PostgreSQL. It is rapidly emerging as the platform of choice for companies delivering Daml applications in production.

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Smart Contracts Software Market Quality & Quantity Analysis | Ethereum, Corda, Hyperledger …

Los Angeles, United State, – including Q4 analysis The report named, Global Smart Contracts Software Market has been added to the archive of market research studies by JCMR. The industry experts and researchers have offered reliable and precise analysis of the Smart Contracts Softwarein view of numerous aspects such as growth factors, challenges, limitations, developments, trends, and growth opportunities. This report will surely act as a handy instrument for the market participants to develop effective strategies with an aim to reinforce their market positions. This report offers pin-point analysis of the changing dynamics and emerging trends in the Global Smart Contracts Software Market.

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Additionally, it provides a futuristic perspective on various factors that are likely to boost the Global Smart Contracts Software Market growth in the years to come. Besides, authors of the report have shed light on the factors that may hamper the growth of the Global Smart Contracts Software Market.

The report also helps in understanding the Global Smart Contracts Software Market through key segments including application, product type, and end user. This analysis is based on various parameters such as CGAR, share, size, production, and consumption.

The leading industry experts have also scrutinized the Global Smart Contracts Software Market from a geographical point of view, keeping in view the potential countries and their regions. Market participants can rely on the regional analysis provided by them to sustain revenues.

The report has also focused on the competitive landscape and the key strategies deployed by the market participants to strengthen their presence in the Global Smart Contracts Software Market. This helps the competitors in taking well-versed business decisions by having overall insights of the market scenario. Leading players operating in the Smart Contracts Software comprising , Ethereum, Corda, Hyperledger, Microsoft, DigiByte Holdings, æternity blockchain, AlphaPoint, AnChain.AI, BigchainDB, Bison Trails Co., BlockApps, Block Notary, Blockstream, ChromaWay, Chronicled, CloudFabrix Software, Credits, Digital Asset, IBM, Icertis, Kadena, Monax, Neo Team, Polymath, Riverr Pte. Ltd., Sanjh, Brickblock Digital Services, Symbiont, BlockCAT Technologies are also profiled in the report.

What the Report has to Offer?

  • Smart Contracts Software Market Size Estimates: The report offers accurate and reliable estimation of the market size in terms of value and volume. Aspects such as production, distribution and supply chain, and revenue for the Smart Contracts Software are also highlighted in the report
  • Smart Contracts Software Analysis on Market Trends: In this part, upcoming market trends and development have been scrutinized
  • Smart Contracts Software Growth Opportunities: The report here provides clients with the detailed information on the lucrative opportunities in the Smart Contracts Software
  • Smart Contracts Software Regional Analysis: In this section, the clients will find comprehensive analysis of the potential regions and countries in the global Smart Contracts Software
  • Smart Contracts Software Analysis on the Key Market Segments: The report focuses on the segments: end user, application, and product type and the key factors fuelling their growth
  • Smart Contracts Software Vendor Landscape: Competitive landscape provided in the report will help the companies to become better equipped to be able to make effective business decisions

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(5) It also assesses the changing competitive dynamics of the Smart Contracts Software using pin-point evaluation.

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The report answers several questions about the Global Smart Contracts Software Market includes:

What will be the market size of Smart Contracts Software market in 2029?

What will be the Smart Contracts Software growth rate in 2029?

Which key factors drive the market?

Who are the key market players for Smart Contracts Software?

Which strategies are used by top players in the market?

What are the key market trends in Smart Contracts Software?

Which trends and challenges will influence the growth of market?

Which barriers do the Smart Contracts Software markets face?

What are the market opportunities for vendors and what are the threats faced by them?

What are the most important outcomes of the five forces analysis of the Smart Contracts Software market?

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Emerging Blockchain Platforms to explore in 2021

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Blockchain technology appears to be gaining attention in the modern era. The technology that began as Bitcoin in 2009 has evolved into a mainstream technology. Blockchain technology has applications in various industries, including healthcare, supply chain management, logistics, and legal. Blockchain applications are designed and manufactured to improve the efficiency and transparency of business operations.

As companies start to analyze the potential of blockchain technology through the development of blockchain applications, demand for blockchain platforms has skyrocketed. According to one of the surveys, the global blockchain market is estimated to face a sharp growth from USD 3.0 billion in 2020 to USD 39.7 billion in 2025, at a compound yearly development rate of 67.3 percent between 2020 and 2025. As a result, the demand for blockchain platforms is increasing to securely and rapidly establish a blockchain network.

Below mentioned are some of the top-notch blockchain platforms.

  • Tezos:

    Tezos is a decentralized and open-source blockchain network that enables peer-to-peer transactions and the deployment of smart contracts. Its modular architecture and formal upgrade mechanism enable formal verification to be performed on its network.

    Arthur and Kathleen Breitman founded Tezos to provide the security and code correctness required for digital assets and high-value use cases. It is a self-governing decentralized blockchain platform. Tezos blockchain is a smart contract that is an application decentralized in nature. Tezos platform is similar to Ethereum, Waves, and Neo, but its self-amending cryptographic mechanism distinguishes it.

  • Stellar:

    Stellar is a decentralized blockchain service that connects the storage and transfer of money. It allows users to create, trade, and send digital representations of all major currencies, including dollars, bitcoin, and pesos. Over 69% of banks are constantly testing blockchain innovations to enhance the transparency, seamlessness, and security of their services.

    Stellar is a customizable and substantial blockchain technology that allows the development of secure and fast financial technology applications, tokens, and digital assets representing financial assets. It is a fully accessible transaction and currency network. It has no owner; if it has anything, the public owns it. It is capable of processing millions of transactions per day. As with Ethereum and Bitcoin, Stellar relies on the blockchain to maintain network synchronization. A stellar blockchain platform enables you to create your own assets, trade peer-to-peer tokens, and convert currencies during the payment process.

  • Hyperledger Fabric:

    It enables plug-and-play functionality for components such as membership services and consensus. It features a modular and adaptable design that accommodates a variety of industrial use cases. The ability to create a network of networks is a significant feature of Hyperledger Fabric. Representatives of the Fabric network collaborate, but because businesses typically want to keep specific data private, they typically maintain separate relationships within their networks.

    For instance, a buyer may interact with multiple sellers who all offer the same product. Sellers and buyers should maintain a personal transactional relationship that is not noticeable to all sellers. This is facilitated by Hyperledger Fabric’s “channels” attribute. Rather than a fully accessible, permission less framework, Fabric provides a secure, scalable platform for private contracts and transactions.

  • Hyperledger Sawtooth:

    Hyperledger Sawtooth is a distributed ledger technology that features a modular and flexible architecture that decouples the core system from the application domain. As a result, smart contracts can imply business rules for application areas without understanding the core system’s underlying design. It is compatible with various consensus algorithms, such as Proof of Elapsed Time (PoET) and Practical Byzantine Fault Tolerance (PBFT).

    It is a blockchain platform for enterprises that enables the development of distributed ledger networks and applications. It aims to secure distributed ledgers and smart contracts, particularly for enterprises. It simplifies blockchain applications by allowing developers to specify business rules for their apps in their preferred language.

  • EOS:

    EOS is a blockchain network that initiates the generation of scalable and secure decentralized applications. It hosts decentralized applications (dApps), enables intelligent contracts, and provides decentralized storage for enterprise solutions to address Ethereum and Bitcoin’s scalability issues. The EOS platform is free to use and achieves consensus through multicore processing and a delegated proof-of-stake algorithm. They have a designated community called the “EOS forum” where developers and investors can exchange ideas about the channel.

The correct choice of blockchain platforms will ensure a secure and smooth flow of digital transactions. Forrester estimated that 30% of development projects will reach the peak of innovation globally in 2021. This percentage reflects the emergence of blockchain technology. Consulting a team of blockchain consultants can help you identify the right blockchain platform for your business requirements because a wide range of blockchain platforms available in the market could confuse you with which is the best platform to go with.

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Contracts Software Industry Analysis, Market Impressive Gains including key players Ethereum …

A New Research Published by JCMR on the Smart Contracts Software (COVID 19 Version) in various regions to produce more than 200+ page reports. This study is a perfect blend of qualitative and quantifiable information highlighting key market developments, industry and competitors’ challenges in gap analysis and new opportunities and may be trending in the Smart Contracts Software. Some are part of the coverage and are the core and emerging players being profiled Ethereum, Corda, Hyperledger, Microsoft, DigiByte Holdings, æternity blockchain, AlphaPoint, AnChain.AI, BigchainDB, Bison Trails Co., BlockApps, Block Notary, Blockstream, ChromaWay, Chronicled, CloudFabrix Software, Credits, Digital Asset, IBM, Icertis, Kadena, Monax, Neo Team, Polymath, Riverr Pte. Ltd., Sanjh, Brickblock Digital Services, Symbiont, BlockCAT Technologies.

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What we provide in Smart Contracts Software Research Report?

Base Year 2013 to 2019
Forecast Year 2020 to 2029
Market Growth Revenue in USD million From 2019 to 2029 & CAGR From 2020 to 2029
Regional Scope North America, Europe, Asia, Ocean & ROW
Country Scope U.S, U.K, Australia, India, China , Japan, Italy, France ,Brazil, South Korea, ROW
Report Coverage Market Share, value, demand, insight, Competition

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KEY BENEFITS

• The Smart Contracts Softwarestudy offers a comprehensive overview of the current market and forecasts by 2020-2029 to help identify emerging business opportunities on which to capitalize.

• The Smart Contracts Softwarereport provides an in-depth review of industry dynamics in Contracts Software Industry Analysis,, including existing and potential developments to represent prevailing consumer pockets of investment.

• The report provides details concerning key drivers, constraints and opportunities and their effect on the Contracts Software Industry Analysis, report.

• Industry players’ strategic analysis and industry position in the Smart Contracts Software;

• The report elaborates on the SWOT analysis and Porters Five Forces model.

• The market-study value chain review gives a good view of the positions of the stakeholders.

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Quantitative data:

• Breakdown of market data by main region & application / end-user

• By type [Type]

Smart Contracts SoftwareReport-specific sales and growth rates for applications [Application] (historical & forecast)

Smart Contracts SoftwareProfits by sector and growth rate (history and forecast)

Smart Contracts Softwaresize and rate of growth, application and type (Past and Projected)

Smart Contracts SoftwareSales income, volume and growth rate Y-O-Y (base year)

Qualitative data: Includes factors affecting or influencing market dynamics and market growth. To list some names in related sections

• Industry overview

• Global Smart Contracts Softwaregrowth driver

• Global Smart Contracts Softwaretrends

• Incarceration

Smart Contracts SoftwareOpportunity

• Market entropy ** [specially designed to emphasize market aggressiveness]

• Fungal analysis

• Porter Five Army Model

Research Methodology:

Primary Research:

We interviewed various key sources of supply and demand in the course of the Primary Research to obtain qualitative and quantitative information related to this report. Main sources of supply include key industry members, subject matter experts from key companies, and consultants from many major firms and organizations working on the Smart Contracts Software.

Secondary Research:

Secondary Research was performed to obtain crucial information about the business supply chain, the company currency system, global corporate pools, and sector segmentation, with the lowest point, regional area, and technology-oriented perspectives. Secondary data were collected and analyzed to reach the total size of the market which the first survey confirmed.

Customization Available for Following Regions & Country: North America, South & Central America, Middle East & Africa, Europe, Asia-Pacific

Buy Full Copy Smart Contracts Software Report @jcmarketresearch.com/checkout/1337992

The research provides answers to the following key questions:

1) Who are the key Top Key players in the Global Smart Contracts Software Report?

Following are list of players: Ethereum, Corda, Hyperledger, Microsoft, DigiByte Holdings, æternity blockchain, AlphaPoint, AnChain.AI, BigchainDB, Bison Trails Co., BlockApps, Block Notary, Blockstream, ChromaWay, Chronicled, CloudFabrix Software, Credits, Digital Asset, IBM, Icertis, Kadena, Monax, Neo Team, Polymath, Riverr Pte. Ltd., Sanjh, Brickblock Digital Services, Symbiont, BlockCAT Technologies.

Note: Regional Breakdown & Sectional purchase Available We provide Pie charts Best Customize Reports As per Requirements.

2) Which Are the Main Key Regions Cover in Reports?

Geographically, this report is divided into several main regions, consumption, revenue (million USD) and Smart Contracts Software share and growth rate in these regions, from 2019 to 2029 (predicted), covering North America, Europe, Asia-Pacific, etc.

3) What is the projected market size & market growth rate for the 2019-2029 period Smart Contracts Software industry?

** The Values marked with XX is confidential data. To know more about CAGR figures fill in your information so reach our business development executive @sales@jcmarketresearch.com

4) Can I include additional segmentation / market segmentation?

Yes. Additional granularity / market segmentation may be included depending on data availability and difficulty of survey. However, you should investigate and share detailed requirements before final confirmation to the customer.

5) What Is impact of COVID 19 on Global Smart Contracts Software industry?

Before COVID 19 Smart Contracts Software Market Size Was XXX Million $ & After COVID 19 Excepted to Grow At a X% & XXX Million $.

TOC for Global Smart Contracts Software Research Report is:

Section 1: Global Market Review Smart Contracts Software (2013–2029)

• Defining

• Description

• Classified

• Applications

• Facts

Chapter 2: Market Competition by Players/Suppliers 2013 and 2019

• Manufacturing Cost Structure

• Raw Material and Suppliers

• Manufacturing Process

• Industry Chain Structure

Chapter 3: Sales (Volume) and Revenue (Value) by Region (2013-2019)

• Sales

• Revenue and market share

Chapter 4, 5 and 6: Global Smart Contracts Software by Type, Application & Players/Suppliers Profiles (2013-2019)

Continued……..

Find more research reports on Contracts Software Industry Analysis, Industry. By JC Market Research.

About Author:

JCMR global research and market intelligence consulting organization is uniquely positioned to not only identify growth opportunities but to also empower and inspire you to create visionary growth strategies for futures, enabled by our extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist you for making goals into a reality. Our understanding of the interplay between industry convergence, Mega Trends, technologies and market trends provides our clients with new business models and expansion opportunities. We are focused on identifying the “Accurate Forecast” in every industry we cover so our clients can reap the benefits of being early market entrants and can accomplish their “Goals & Objectives”.

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IBM open source its own blockchain code

Provide the licensed code to the general public

Technology giant IBM has announced that it will open source many of its blockchain code to make the blockchain “Hyperledger Fabric” more convenient. It will also start offering a paid service to support Hyperledger Fabric users.

The popular enterprise blockchain “Hyperledger Fabric” is a permission type (requires administrator permission to participate) chain adopted by many companies, and smart contracts can be written in general-purpose programming languages ​​such as Java and Go. It is applied in various fields such as the construction of a secure management / sharing system for medical data and the system for tracking food products to improve traceability.

Relation: What is Hyperledger Fabric, the most used blockchain framework for enterprises?

“Hyperledger Fabric” is an open source project provided by the Linux Foundation, but IBM has been involved in the development from the beginning.

IBM is now providing code that facilitates the development and adoption of blockchain solutions for businesses. It also includes the console’s underlying code, which makes it easy to integrate different platforms with the Hyperledger Fabric network, improving the platform’s usability.

The code was previously licensed by IBM, but is now open source. It also provides a “Fabric Token SDK” that enables token exchange on “Hyperledger Fabric” and code that supports the interoperability of distributed ledgers.

At the same time as the code is open sourced, a paid user support service will be launched for companies that use “Hyperledger Fabric”. This includes 24-hour customer support and code security scanning. It is expected to be available from this fall through the IT infrastructure market “Red Hat Marketplace”.

Blockchain business based on case studies

“To strengthen Hyperledger Fabric and establish a vibrant platform for everyone to innovate,” said Kareem Yusuf, head of artificial intelligence and blockchain at IBM, behind the move.

According to Yusuf, it makes sense to open source because the core blockchain technology and IBM’s blockchain platform itself are not very profitable. Yusuf commented on the blockchain media Ledger Insights:

A blockchain platform is a means to achieve a certain purpose (case study). We believe that having a more vibrant and widely adopted platform makes it easier to generate revenue based on actual end-user adoption cases.

In this direction, Yusuf cited the following three specific business fields.

  • Consulting to realize specific customer use cases
  • Products that integrate with other solutions
  • Enterprise grade customer support

Yusuf explained that it is possible to determine the functions required for the platform by calculating back from specific adoption cases such as traceability and carbon emission calculation. “I think we’ve entered the stage of large-scale adoption (of blockchain), so we have to clarify the case studies,” he said.

Withdrawal of blockchain business is denied again

The company denied this in February of this year when it was reported that IBM was shrinking its blockchain business. Yusuf also mentioned the matter, saying, “We haven’t withdrawn from the blockchain, we’ll focus on how to use it productively.” In the future, it seems that it will focus on supporting specific adoption cases of blockchain technology.

Relation: IBM spokeswoman denies blockchain business contraction = press

N https://imgs.coinpost-ext.com/uploads/2019/05/edit-Laborant-ibm2_0508.jpg->

Author: A. Yamada

Reference: IBM, Ledger Insights

Images used under Shutterstock license

“Cryptocurrency” means “cryptographic assets”

About Post Author

Miu LinMiu LinMiu Lin

Miu Lin

Miu is a journalism major and has been writing as a business journalist for various dailies before joining OBN. She currently writes about blockchain, cryptocurrencies and business news.

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    The Era Of Customized Blockchains Is Rising Because Smart Contracts Aren’t Really ‘Smart’

    The Era Of Customized Blockchains Is Rising Because Smart Contracts Aren’t Really ‘Smart’
    the-design_org / Pixabay

    Bitcoin laid the foundation of a decentralized peer-to-peer asset with a unique economic security model that is trustless, borderless, and censorship-resistant. Bitcoin is a standalone blockchain and doesn’t have an execution environment for running smart contracts.

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    Ethereum brought much-needed flexibility and extensibility to this space by introducing a programmable blockchain that supports smart contracts with its Turing Complete EVM (Ethereum Virtual Machine). Soon after the launch of Ethereum, the smart contract space exploded that led to the ICO boom of 2017-18.

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    Over the years, we have noticed that smart contracts inherit all the problems of their underlying blockchain architecture, making them less suitable for building large-scale applications. If you remember, a single application called CryptoKitties once brought the entire Ethereum network to its knees due to a large number of concurrent transactions.

    CryptoKitties was just a simple interactive game. These days, the applications getting deployed on the blockchain are getting more and more complex. We are now looking at lending and borrowing, DEX, Synthetic Assets, Insurance, Payments, Remittances, and much more.

    It has become a known fact that large-scale and complex applications can’t rely on smart contracts alone. They need a custom blockchain that is extensible, scalable, and optimized around solving a specific set of problems. Developers have started to realize this, and they are now building custom and scalable blockchains instead of compromising with the limitations of smart contracts.

    In this article, we will focus on some of the promising blockchain platforms that are built from the ground up in accordance with the requirements of large-scale and complex applications.

    Purpose-Built Blockchains

    Since last year, the number of purpose-built blockchains is rising with a strong focus on Defi, extensibility with niche-focused smart contracts, cross-chain interoperability, and hyper-scalability with efficient consensus mechanisms.

    Let’s explore each of these platforms to see how they are building the future of a utility-focused decentralized ecosystem.

    Edgeware

    Edgeware is a smart contract chain for the next generation of decentralized applications. Edgeware is built using the Substrate framework, and is a fully EVM-compatible platform that allows developers to migrate their smart contracts from Ethereum to Edgeware with little to no changes. New developers who want to get started with Edgeware can use Rust and WebAssembly to build and deploy smart contracts on the platform.

    Edgeware comes with a community-managed treasury, decentralized proposal system, and a network of DAOs. Edgeware has a firm focus on community building and the platform helps people connect with each other, share their skillset, and get funding for their projects from the community treasury. If you’re a developer or a creative professional, Edgeware is the best place to work in crypto and bring your ideas to life with the help of strong community support.

    Acala

    Acala is another Defi-focused blockchain platform aiming to become a parachain on the Polkadot network. The platform aims to build a set of financial primitives that include a stablecoin (ticker: ACA), a DEX with unified liquidity provisioning, and staking derivatives where users will get Liquid DOT (LDOT) tokens that will represent their stake on the network.

    Acala has a native EVM pallet which makes it fully EVM-compatible. This native compatibility allows existing Ethereum developers to migrate their smart contracts to the Acala network without making significant changes to their codebase, and benefit from the ecosystem of the Acala and Polkadot network.

    Acala is a perfect example of a niche-focused blockchain built from scratch that is optimized around a specific utility and use case of decentralized finance. This design approach prevents congestion on the network and helps build a more robust ecosystem, unlike other do-it-all smart contract platforms in the ecosystem like Ethereum.

    Accord Project

    Accord is an open-source blockchain project for smart legal contracts that are called ‘promissory notes’. The Promissory notes are debt contracts, and they are common financial instruments in the non-banking world. They are mainly used in supply chain finance or trade and specify the terms under which the parties involved in a transaction will settle the debt.

    Through these promissory notes on the Accord platform, sellers around the world can offer credit to buyers with a guarantee that sellers have access to cash flow within the dates specified in the agreement. The Accord project is built with Corda, which is a framework for building permissioned distributed solutions and networks. Corda is suitable to build platforms for highly regulated industries like banking, capital markets, trade finance, and insurance.

    Gvanta by Grandeo

    Gvanta is an enterprise-focused file sharing blockchain platform that uses state-of-the-art cryptography for file management and encrypted storage for confidential files. Gvanta also uses a blend of Artificial Intelligence and Machine Learning to develop new protocols for storing, encrypting, and sharing data. They also support integration with major cloud service providers like Azure or AWS, along with native support for on-premise data centers to store, manage, and share your data.

    Gvanta enterprise blockchain is built using the Hyperledger Fabric framework developed by the Linux Foundation. Gvanta is taking a modular approach and has built a range of different projects to integrate with the Gvanta ecosystem, including Stor3, DNA Chain Genome Solutions, Blockchain Voting Systems, and a machine learning research platform.

    Popular Frameworks For Building Blockchains

    Building a blockchain isn’t as easy as rolling up a series of smart contracts. However, we now have various frameworks that make it easier to build and launch niche-focused and purpose-built blockchains. These frameworks provide a layer of abstraction and take away most of the complexity that the developers have to deal with, such as the consensus layer, managing transactions and accounts, etc.

    There are three most popular frameworks for building customized blockchain platforms; Substrate, Corda, and Hyperledger. Let’s discuss each of them to see how they facilitate the developers.

    Substrate

    Substrate is a blockchain development framework that provides a rich set of primitives and takes a modular approach towards blockchain development. Developers can use Substrate in one of the three ways, as they have to choose between technical freedom and development ease.

    Substrate also comes with a unique set of features that are never seen before in any live and public blockchain platform. It offers Hot-swappable and pluggable consensus, where you can change your consensus mechanism on the fly, and Hot-upgradeable and pluggable STF, where you can change your state transition function even when your Substrate-based blockchain is live.

    Substrate is a product of Parity Technologies, a company founded by Dr. Gavin James Wood back in 2016. Before founding Parity Technologies, Dr. Gavin Wood was the co-founder and CTO of Ethereum. He coded the alpha release of Ethereum, wrote the original Ethereum Yellow Paper that described the EVM specifications, and later worked on the general platform architecture and early design of Solidity.

    Corda

    Corda is a framework to build permissioned distributed solutions and networks. Unlike the Substrate framework, Corda is more focused on enterprises, such as the traditional financial institutions, to build distributed and shared ledgers and reduce human involvement in managing specific tasks and transactions.

    Corda framework isn’t for building public and trustless blockchains. The whole idea of Corda is to target permissioned environments where the parties (nodes) are known to the network, and every party has to join the specific Corda network with permission from the node operator. This permissioned architecture is useful, especially when dealing with sensitive and private data.

    Corda is a product developed by the team at R3, a company founded by David E. Rutter and Todd McDonald back in 2014 to drive digital transformation in highly regulated industries. The founding team has a background in financial services and capital markets, where they saw a serious lack of trust in how different firms in highly regulated environments collaborate and transact with each other. To solve this problem, the team launched Corda, a framework for purpose-built distributed ledger applications.

    Hyperledger

    Hyperledger is a set of community-focused, open source frameworks and libraries for enterprise-grade blockchain deployments. Under the umbrella of Hyperledger, we have various DLT frameworks such as Hyperledger Fabric, Sawtooth, Indy, Iroha, and Besu, along with developer tools like Hyperledger Caliper Explorer, and a set of libraries like Hyperledger Ursa, Quilt, and Transact.

    Like the Corda framework, Hyperledger focuses on building permissioned blockchains for enterprise environments where the nodes are known across the network, and there is a level of trust among the parties. Hyperledger has gained a lot of traction in recent years and has clients across the globe ranging from many different industries, including finance, healthcare, and supply chain.

    Hyperledger was launched back in 2016 by the Linux Foundation, one of the largest nonprofit organizations in the world, working to enable innovation through open source software. Soon after the launch, the Hyperledger project announced over 30 founding members that include the likes of Intel, IBM, Accenture, VMware, and Wells Fargo, to name a few.

    Conclusion

    The blockchain space has evolved very rapidly, from simple smart contracts to now large-scale and complex applications to cater to the growing needs of the consumers in the ecosystem. Building and launching a custom blockchains is hard, but we do have frameworks that add a layer of abstraction in building new blockchain platforms that are optimized to solve specific sets of problems.

    These blockchain frameworks offer the required flexibility, and extensibility, so the developers can focus on both technical freedom and ease of development.