Everything to know about Hyperledger in 2020
As one of the best inventions of the decade, blockchain has the potential to revolutionize numerous industries. Despite being quite a disruptive tech, there are numerous clouds of doubt surrounding the subject. Its safety, stability, and reliability are the primary concerns businesses have regarding it.
But, anyone who has interacted with the tech knows how wrong those doubts are. In recent years blockchain has started to garner peoples' trust, and there are numerous factors accounting for that. The emergence of platforms like Hyperledger are among such factors.
Hyperledger is not a single project, instead, it is an amalgamation of 12 projects collaborating and functioning together. The blockchain project commenced in 2015, comprising over 260 organizations. The fact that the project is still functioning even amidst the current competitive market settings is outstanding.
Hyperledger packs the capability of revolutionizing your business as well, and the blog will mention how. Here is every reason why you should choose Hyperledger,
Everything to Know About Hyperledger in 2020
What is Hyperledger?
You can define hyperledger as an open source project by Linux, offering a wide array of tools and frameworks for businesses and developers. The community facilitated by Hyperledger helps organizations experiment with the blockchain tech and network easily.
Why was Hyperledger Created?
As the blockchain tech started gaining prominence, numerous organizations started getting attracted towards it. After a time it was duly agreed that the tech will procure even greater results if they worked together.
An ecosystem was created for everyone to use as per their needs. Slowly the number of organizations participating in the project kept increasing. Eventually, Linux took the program under its wings, and now the numbers have grown to 260.
Now the platform houses 15 projects, 10 proactive working teams, and 100+ meetups accounting for over 28,000 participants and growing.
Popular Hyperledger projects are Hyperledger Fabric, Hyperledger Sawtooth, Hyperledger Indy, Hyperledger Caliper, Hyperledger Cello, Hyperledger Explorer, Hyperledger Grid, Hyperledger Iroha, Hyperledger Quilt. Hyperledger Aries, Hyperledger Transact, Hyperledger Avalon, Hyperledger Besu, Hyperledger Burrow, Hyperledger Cactus, and Hyperledger Ursa.
Why is Hyperledger Open Source?
Generally, platforms like Hyperledger are exclusive and licensed, but Linux chose Hyperledger to be open source. The approach facilitated quick growth, transparency, and flexibility. Moreover, the idea behind an enterprise blockchain network needs to be open sourced. This made Hyperledger more successful, reliable, and popular with developers.
Benefits of Choosing Hyperledger
Here are the advantages of using Hyperledger,
Competent Features and Tools
Open source platforms create relatively more competitive ventures as every feature they offer is free. As every feature is free, the competition to add more tools and features intensify.
Easy Shift
The open source nature of the platform lets customers get ahold of the coding structure, meaning there is no vendor lock-in. This allows customers to smoothly switch software as per their desire.
Premium Solutions
Interoperability is one of the major issues faced by blockchain, but hyperledger passes it as well. The platform facilitates customer-friendly development, resulting in quality product development.
Fast Customization and Issue Fixes
Usually adding a new customized feature or a bug patch takes a significant amount of time. However, in the case of hyperledger, different developers utilize the code differently. This allows quick customization and issue fixes for the users.
Low Ownership Costs
Working on a project, customizing it, and maintaining it costs a lot for every organization. The open source nature of hyperledger saves large ownership and maintenance costs, which otherwise would have required significant finances.
Hyperledger is one of the most useful platforms on the web, but using it efficiently requires some training.
Hyperledger in Cloud
Major clouds including Microsoft Azure and Amazon AWS support Hyperledger in cloud. By using simple add-ons, you can spin up or install Hyperledger in your cloud accounts.
AWS Blockchain Template for Hyperledger Fabric
Hyperledger Fabric is a blockchain framework that runs smart contracts called chaincode, which are written in Go. You can create a private network with Hyperledger Fabric, limiting the peers that can connect to and participate in the network. For more information about Hyperledger Fabric, see the Hyperledger Fabric documentation. For more information about chaincode, see the Chaincode for Developers topic in the Hyperledger Fabric documentation.
The AWS Blockchain Template for Hyperledger Fabric only supports a docker-local container platform, meaning the Hyperledger Fabric containers are deployed on a single EC2 instance.
Azure Blockchain and Hyperledger Fabric
Azure supports both IaaS and Paas offering of blockchain. You can use the Hyperledger Fabric on Azure Kubernetes Service (AKS) template to deploy and configure a Hyperledger Fabric consortium network on Azure. To build a Hyperledger Fabric network on Azure, you need to deploy an ordering service and organization with peer nodes. By using the Hyperledger Fabric on Azure Kubernetes Service solution template, you can create order nodes or peer nodes. You need to deploy the template for each node that you want to create.
Hyperledger Members
Hyperledger commuity is supported by sever large corporations including Accenture, Airbus, American Express, Consensys, Daimler, Fujitsu, Hitachi, IBM, Intel, JP Morgan, Aetna, Cognizant, Exprerian, FedEx, Huawei, Lenovo, Microsoft, LG, Oracle, PWC, R3, RedHat, Salesforce, Ripple, Samsung, SAP, Splunk, Tech Mahindra, VISA, VMWare, Walmart, and Wirpo.
Summary
Major clouds including Microsoft Azure and Amazon AWS support Hyperledger in cloud. By using simple add-ons, you can spin up or install Hyperledger in your cloud accounts.