In this blog, Bahaa Al Zubaidi defines Hyperledger and talks about its uses.
Hyperledger is a community-driven, open-source initiative that aims to accelerate blockchain adoption across industries.
It’s an international group effort coordinated by The Linux Foundation and featuring executives from the banking and financial sectors, the Internet of Things, supply chains, manufacturing, and information technology. More than 250 developers and 30 businesses are backing the Hyperledger initiative.
The Hyperledger Project aims to speed up the creation of a distributed ledger system that uses blockchain technology. It would facilitate the expansion of commercial networks at scale while also supporting enterprise use cases.
Uses
So far, Hyperledger has had some great success in several industries, including:
Banking and Finance
Supply Chain and Logistics
Healthcare and Life Sciences
Government and Public Sector
Telecommunications
And more!
In each of these industries, Hyperledger is helping to streamline processes, increase transparency, and reduce costs.
For example, in the banking and finance industry, Hyperledger is helping to reduce the time it takes to settle trades and increase transparency around transactions. Hyperledger helps the healthcare and life sciences industries share patient data securely and efficiently.
Projects
Several different Hyperledger projects are underway, each focusing on a different area. Some of the most popular projects include:
Hyperledger Fabric: A platform for distributed ledger solutions, Hyperledger Fabric allows developers to create apps and solutions that can be used across industries.
Hyperledger Iroha: A project focused on digital identity, Hyperledger Iroha is working to create a decentralized infrastructure for identity management.
Hyperledger Sawtooth: A platform for building enterprise blockchain applications, Hyperledger Sawtooth is designed to be modular and scalable.
Hyperledger Besu: A project focused on Ethereum compatibility, Hyperledger Besu is working to make it easy for enterprises to use Ethereum-based applications.
These are just a few of the many different Hyperledger projects currently underway. As you can see, Hyperledger is working on a wide range of initiatives, all of which are aimed at helping to improve the way businesses operate.
Final words
Today, Hyperledger is one of the best places to go when looking for enterprise blockchain solutions. Major industry players also back it.
In other words, if you’re a developer looking to explore blockchain, Hyperledger might be your best bet to find somewhere rooted in real-world applications. And, with a membership list that reads like a who’s who of technology and business, that’s high praise indeed.
Thank you for your interest in Bahaa Al Zubaidi blogs. For more information, please visit www.bahaaalzubaidi.com