Hyperledger

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Transcript

Till now, we have talked about public blockchains and they're standing in the market. All these public blockchains allow the users to create private chains, but don't offer the functionalities of identity management. Soon the industries and governments around the world realize the same as Bitcoin aetherium and new blockchains are not suitable for maintaining user identities. This led to the creation of commercial blockchain solutions such as hyper ledger. Hyper ledger is an open source software created by Linux foundations in 2015. To support the enterprise needs for the blockchain.

Currently, hyper ledger has a global collaboration with different industries, such as IBM, Linux Foundation, Intel Sora, mitsu, and some significant banks in order to form a concrete solution. This can help different industry sectors such as finance, Internet of Things, supply chain, manufacturing, and technology sector to get on with the blockchain solutions. Hyper ledger is hosting multiple projects for building private blockchain solution. Hyper ledger fabric is one of the major projects supported by IBM, and is currently being employed industry wide across Walmart. Hyper ledger does not offer the creation of cryptocurrencies over blockchain. What does hyper ledger provide the creation of private blockchain solutions with smart contracts and managing identities of the users.

Hyper ledger is one of the strongest projects right now. Currently, hyper ledger is being utilized to solve problems related to supply chain in significant industries like Nestle, Walmart and Bangkok monte-carlo warehouse ledger solution is employed for tracking of all their products. Even McDonald's and London exchange group has started working with hyper ledger blockchain

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