Introduction to Hyperledger Fabric - Enterprise Grade Blockchain for the Business
Introduction to Hyperledger Fabric?
Hyperledger Fabric is an enterprise-grade, distributed ledger platform developed under the Linux Foundation umbrella. Its widely adopted private blockchain framework is created and further developed in the benefit of enterprises. Among other benefits, it helps making data transfer between businesses more efficient and transparent. Being flexible and agile, the system allows businesses to add different functionalities and personalize it to their needs.
This distributed ledger framework offers extensibility and versatility for a broad set of industry use cases. The modular architecture of Hyperledger Fabric suite accommodates the diversity of enterprise use cases through plug and play components, such as consensus, privacy and membership services.
The main goal in blockchain and distributed ledgers is enabling decentralized information systems to make processes more secure, trusted, cost efficient and sustainable. Working on a shared network allows companies to access the same information in a more secure way, without the need of intermediaries and without the need to spend additional time and effort to process and validate the information.
Translated into real business benefits this means cost reductions, great process improvements, risk reduction, greater assets tracking and predictability, data aggregation, connected markets and new revenue and business models.
Key features of
Hyperledger
Fabric
- Permissioned architecture
- Highly modular
- Pluggable consensus
-
Open smart contract model - flexibility to
implement any desired solution model - Low latency of finality/confirmation
- Flexible approach to data privacy
-
Multi-language smart contract support:
Go, Java, Javascript - Designed for continuous operations, including rolling upgrades and asymmetric version support
- Governance and versioning of smart contracts
-
Flexible endorsement model for achieving consensus
across required organizations
Advantages
of using Hyperledger
Fabric
as an enterprise blockchain
Permission membership – On a company level transactions are visible only to the parties with permission to view it, but not the whole organization.
Supported technology – Supported by the richest development community and tech giants like IBM, Intel and Cisco ensured stability and confidence in Fabric’s future.
Popular Business Cases
Trusted digital relations - credentials and digital Identity
Optimized Claim Management through reducing claim resolution time using DLT
Tracking assets
Trust your supplier and know your supplier
Risk management and fraud prevention through tamper-proof traceability.
Process improvements and automation
Real time monitoring
Trusted third parties interactions/communications
Smart cities
Secure payments
LimeChain is specialized in helping businesses of any size and industry design, build and scale Blockchain & DLT Solutions using Hyperledger technologies. We are specialized in building Blockchain solutions, providing a full spectrum of development & consulting services that result in comprehensive, user-friendly solutions that drive our clients' business forward. We have been a trusted partner to over 80+ Enterprises and Blockchain entrepreneurs, helping them adopt the newest technologies to optimize processes, remove bottlenecks, adapt, innovate and lead through Blockchain & DLT solutions.
Idea validation & Scoping
We kick-off with idea validation or Design sprint. We map out problems, agree on a low-fidelity prototype and test the idea before investing in building it. After that we continue with the real project scoping by analysing needs, business models, technological challenges and choose the best technical approach towards the solution.
Production
Each project has its dedicated team, in accordance to the project-specific technological needs. The team stays in constant communication with the project founders and product owner while working in two-week development sprints. By using an agile development methodology, we ensure flexibility and timely delivery.
Support & Scale
After product delivery, we can allocate a team of engineers with a deep understanding of the project and related technology, that will be available for maintenance and support, as well as further development of the product. We select the most suitable maintenance and support model for different needs.
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You have the great vision, we got the knowledge to make it real. Let’s build on Hyperledger together!
