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    Hyperledger

    Pathik Bhattacharya
    Pathik Bhattacharya
    Published on November 10, 2022 1:12 PM

    Updated on January 25, 2023 6:27 PM

    Hyperledger is an open-source initiative that was designed to aid in the development of distributed ledgers based on blockchain technology.
    Hyperledger
    Source: unsplash

    For a broad audience in the web3 space, Blockchain means only Bitcoin and Ethereum to them. As decentralization gains popularity, several blockchain initiatives have developed to promote blockchain development.

    One blockchain project that has received little media attention but is doing enormous work to make the life of blockchain engineers easier. Because several blockchains are built from the ground up for various reasons, the Linux Foundation established the Hyperledger Project to democratize and standardize blockchain for the corporate sector.

    To assist firms to handle their difficulties quickly, Hyperledger combines cross-industry knowledge to allow organizations to develop specialized blockchain apps that target specific business demands.

    Let’s dive deep into Hyperledgers.

    What is Hyperledger?

    Hyperledger is an open-source project established by the Linux Foundation. It provides a broad set of projects and frameworks to organizations and developers for them to construct blockchain networks and apps. The Hyperledger Project intends to make DLT (Distributed Ledger Technology) cooperation easier for corporations, developers, and entrepreneurs.

    Hyperledger was designed to accelerate the development and implementation of cross-industry blockchain platforms. It has the support of large organizations such as IBM and many others from a variety of industries, including finance, IoT, banking, and industrial.

    Keep in mind that Hyperledger was created to aid and encourage the evolution of blockchain technology, not any one cryptocurrency.

    According to the Hyperledger website, blockchains may alter online commerce by encouraging faith, openness, and integrity. It was built specifically for that purpose. The Hyperledger blockchain is made up of over 100 firms, including industry powerhouses like Nokia, IBM, and Samsung, and it meets every month to oversee the development of potential blockchain frameworks.

    Working of Hyperledger

    Hyperledger facilitates the development of blockchain systems and applications by providing the necessary infrastructure and protocols. Hyperledger Greenhouse (the frameworks and tools that comprise Hyperledger) is used by developers to create commercial blockchain initiatives. Participants in the network are all familiar with one another and may engage in consensus-making procedures.

    Projects on Hyperledger

    The Hyperleger Project, which has over 28000 people and 3.6 million lines of code, provides great prospects. Hyperledger is made up of ten projects, six of which are tools and six of which are frameworks. The Hyperledger project is essentially broken into two sections:

    • Modular Tools

    • Modular Frameworks

    Hyperledger Fabric and Sawtooth are two of the most well-known Hyperledger frameworks.

    Hyperledger Fabric

    Hyperledger Fabric is a distributed ledger technology with robustness, scalability, adaptability, and secrecy built on a modular design. It may handle problems that arise across the economic ecosystem since it is explicitly designed to allow pluggable implementation of diverse components.

    Fabric is the outcome of a collaboration between IBM and Digital Asset. It was designed primarily as an integration platform for creating highly scalable Blockchain apps with DLT.

     

    Source: Geeksforgeeks

    Hyperledger Fabric, unlike an open, permissionless system that permits unknown players to join the network, enrols users through a trusted membership service provider.

    The ledger subsystem of Hyperledger Fabric is made up of two parts:

    The Global State: The component describes the ledger's status at a certain point in time.

    The Transaction Record: It keeps track of all transactions that have resulted in the present value of the global state.

    As a result, a ledger is the product of the transaction log history and the global state database.

    Hyperledger Sawtooth

    Hyperledger Sawtooth is a blockchain platform for enterprises that are used to develop distributed ledger networks and applications. It is constructed in such a way that it maintains ledgers spread and smart contracts secure.

    By separating the core system from the app domain, the platform promotes blockchain development. Developers can specify the business rules in any language of their choice. The modularity of Hyperledger Sawtooth allows organizations to tailor permissions, transaction rules, and consensus algorithms to their own needs.

    Sawtooth includes a strong parallel scheduler that breaks transactions into parallel flows. Transactions can be conducted in parallel, preventing double-spending with multiple changes to the same state. Parallel transaction execution outperforms serial execution in terms of performance.

    Although the above two are the main Hyperledger projects, other tools and frameworks are as significant as well.

    Other Hyperledger Tools and Frameworks

    Hyperledger Iroha: A blockchain framework for integrating into existing networks. Iroha features a modular design, control-based access, library access, and asset and identity management. It is utilized in industries such as finance, healthcare, and education.

    Hyperledger Indy: A framework designed to support decentralized identities. It includes components, tool sets, and libraries. Self-sovereignty is also included, which secures all identity-based paperwork.

    Hyperledger Besu: A public Ethereum codebase that is open source and may operate on private permissioned platforms or the Ethereum public network. The Ethereum Virtual Machine (EVM), consensus mechanisms, user-facing APIs, and monitoring are all included.

    Hyperledger Caliper: A blockchain benchmarking application. Caliper is a tool for assessing the performance of blockchain installations. It does not, however, come with established standards since various blockchain implementations may require distinct sets of standards.

    Hyperledger Explorer: A dashboard utility tool for monitoring, searching, and maintaining blockchain and associated data. It allows a company to audit nodes, blocks, transactions, and smart contracts. It also allows users to modify the code.

    Hyperledger Cello: A blockchain-as-a-service toolbox for launching, terminating, and managing blockchain services.

    Hyperledger Burrow: A blockchain node for Ethereum smart contracts that have been granted authorization. On the EVM, this manages transactions and smart contract code execution.

    Hyperledger Technology Layers

    Hyperledger's architecture includes the following major business components:

    • The consensus layer is in charge of reaching an agreement on the sequence and validating the collection of transactions that comprise a block.

    • The smart contract layer is in charge of handling transaction requests and approving only legitimate transactions.

    • Peer-to-peer message transit is handled by the communication layer.

    • Identity management services are required for preserving and certifying the identities of users and systems, as well as building trust on the blockchain.

    • The API, or application programming interface, allows third-party apps and clients to communicate with the blockchain.

    Real-World Use Cases of Hyperledger Applications

    IBM: IBM is developing an application for the Postal Savings Bank of China using Hyperledger Fabric, Node.js for SDK and application layer development, and Golang for chain code development.

    DigiPharm: DigiPharm is the first-ever solution for value-based payments in healthcare that combines blockchain and smart contracts. The platform employs smart contracts on the Hyperledger Fabric network to acquire outcomes amongst major healthcare stakeholders and contractual parties. Within the DigiPharm system, Hyperleger Indy has been utilized to control data consumption and identification.

    HealthVerity: It is a cloud-based SaaS tool that allows enterprises to manage and administer permission rights between external providers and internal systems. The app, which is built on Hyperledger Fabric, is ideal for businesses that need to keep individual consent rights to comply with privacy legislation like HIPAA, GDPR, TCPA, and CCPA.

    Conclusion

    While most blockchain initiatives focus on tokens and cryptocurrencies, Hyperledger projects can establish the foundation for large-scale industrial and non-monetary applications. Furthermore, the Hyperledger initiatives are supported by well-known IT corporations such as IBM and Linux.

    These distinct Hyperledger frameworks and tools demonstrate that Hyperledger has enormous promise for Blockchain technology. These techniques may be used to create extremely scalable and resilient industrial and non-monetary applications.