Courtesy: IBM
Hyperledger Fabric, an open source project from the Linux Foundation, is a modular blockchain framework and has become the unofficial standard for enterprise blockchain platforms.
Intended as a foundation for developing enterprise-grade applications and industry strategies, the open, modular architecture of Hyperledger Fabric uses plug-and-play components to accommodate a wide range of use cases.
Over 120,000 organizations and 15,000 engineers are collaborating on Hyperledger Fabric. This collaboration leads to a distinctive approach to consensus, enabling performance at scale and preserving the data privacy that enterprises demand.
As the flexible blockchain framework behind the IBM Blockchain Platform, Hyperledger Fabric is helping innovators ignite a global business transformation.
How does Hyperledger Fabric work?
Hyperledger Fabric is an open, enterprise-grade, distributed ledger platform. It has advanced privacy controls so you share only the data you want among the permissioned, or known, network participants.
Smart contracts document the business processes you want to automate with self-executing terms between the parties written into lines of code. The code and the agreements contained therein exist across the distributed, decentralized blockchain network. Transactions are trackable and irreversible, creating trust between organizations and enabling businesses to make more informed decisions quicker—saving time and reducing costs and risks.
Benefits of Hyperledger Fabric
- Permissioned network: Establish decentralized trust in a network of known participants rather than an open network of anonymous participants.
- Confidential transactions: Share only the data you want to the parties that you want to share it with.
- Pluggable architecture: Tailor the blockchain to industry needs with a pluggable architecture rather than a one-size-fits-all approach.
- Simple to get started: Program smart contracts in the languages your team works in today, instead of learning custom languages and architectures.
Hyperledger Fabric is an open-source blockchain for business
Innovators in a wide range of industries are using Hyperledger Fabric. This includes sectors like finance, banking, healthcare, IoT, supply chain, manufacturing, and technology, all aiming to create open, standardized, enterprise-grade blockchain frameworks and code bases for tangible business results.
