This document provides an introduction to Hyperledger, an open source collaborative effort to advance blockchain technologies. It discusses that Hyperledger was created to enable a worldwide developer community to work together on blockchain ideas, infrastructure and code. It then provides examples of compelling use cases for blockchain in different industries like banking, financial services, healthcare, IT and supply chain management. Finally, it outlines some of the current Hyperledger projects including frameworks like Fabric, Sawtooth and tools like Caliper, Cello and Explorer that are being developed to help enterprises deliver on the promise of blockchain.
In supply chain and many other industry verticals there is a lot of opacity related to the origin of products and the chain of custody. Blockchain at scale unlocks a network of trust and value, which connects to the real world using IoT.
1) The document discusses V SYSTEMS, a new blockchain database and apps platform that aims to address scalability issues with existing blockchain technologies and enable widespread blockchain adoption.
2) It proposes a new consensus mechanism called Supernode Proof-of-Stake (SPoS) and a mainchain-sidechain model to improve scalability.
3) The platform will provide tools for deploying blockchains, migrating databases, and developing smart contracts and decentralized apps.
Blockmason Link is a new tool that allows developers to easily create traditional web-based applications and APIs from smart contracts on blockchains like Ethereum, without requiring any blockchain development experience. It handles tasks like interacting with the blockchain, managing user accounts and transactions, and abstracting away the complexity of blockchain. This allows developers to focus on building applications and enables non-technical users to interact with blockchain applications as easily as regular web/mobile applications. By lowering the barriers to using and developing blockchain applications, Link aims to help drive mass adoption of blockchain technology.
We build on past work proposing the use of Linked Pedigrees in a semantic technology framework to propose the use of blockchain technology to solve part of the trust issues in the agri-food supply chain.
Decentralized Markets for Data and Artificial IntelligenceDimitri De Jonghe
Society is becoming increasingly reliant on data, especially with the advent of AI. However, a small handful of organizations with both massive data assets and AI capabilities have become powerful with control that is a danger to a free and open society.
With the help of blockchain, tokenomics and privacy-by-design, Ocean Protocol aims to unlock data, for more equitable outcomes for users of data, using a thoughtful application of both technology and governance.
Implementing Blockchain applications in healthcarePistoia Alliance
Blockchain technology can revolutionise the way information is exchanged between parties by bringing an unprecedented level of security and trust to these transactions. The technology is finding its way into multiple use cases but we are yet to see full adoption and real-world business implementation in the Healthcare industry.
In this webinar we will explore the main challenges and considerations for the implementation of Blockchain technology in Healthcare use cases. This is the third webinar in our Blockchain Education series.
Ocean Protocol Presentation by CEO Bruce Pon 20171129Team AI
This document discusses building a new data economy that gives power back to people by unlocking the value of data through a decentralized network and token called Ocean Protocol. Key points:
- Ocean Protocol aims to connect data and AI by building a blockchain-based data exchange that incentivizes data sharing through its OCN token.
- 45% of tokens will be allocated to "keepers" who secure the network and validate transactions, while other tokens will go to marketplaces, curators, data providers, and the Ocean Foundation.
- The network will include various technical components like BigchainDB for storage and proofs of data quality/integrity, with the goal of creating a global data marketplace to power the emerging data economy
This report examines the opportunities and risks of using blockchain technology for electronic records and transactions in Vermont. It provides an overview of how blockchain works, including how it uses cryptography, consensus protocols and timestamps to securely store transaction data across a distributed network. While blockchain can help verify the authenticity of records over time, it does not guarantee their accuracy or reliability. The report concludes that the costs and challenges of using blockchain for public records currently outweigh the benefits, but recognizing it legally could help establish Vermont as a leader in its development and bring economic activity. It provides recommendations for how the state might recognize blockchain records while addressing associated regulatory issues.
This document presents an overview of the Blockchain applications in Life Sciences. The applications are mapped onto Life Sciences value chain – preclinical, clinical, manufacturing, distribution, and customer. Blockchain could be used in many applications across the value chain including but not limited to peer-to-peer network, data storage, smart contracts and file sharing. This innovative technology presents a lot of promise in accelerating drug discovery and removing many inefficiencies.
This disclaimer informs readers know that the views, thoughts, and opinions expressed in the presentation belong solely to the author, and not to the author’s employer, organization, committee or other group or individual.
An introduction to blockchain technology with a big data twist - BigchainDB. Demonstrated by a variety of non-financial decentralized apps: identity, intellectual property, supply chain, iot, data exchanges, fraud prevention, smart factories, etc...
Also features a decentralized stack for production architectures and some notions on consensus flavours and basic design patterns for unspent transactions ouputs (UTXO) and smart contracts.
Strategies for integrating semantic and blockchain technologiesHéctor Ugarte
Semantic Blockchain is the use of Semantic web standards on blockchain based systems. The standards promote common data formats and exchange protocols on the blockchain, making used of the Resource Description Framework (RDF).
Ontology BLONDiE for Bitcoin and Ethereum.
Research how to extract data from Ethereum.
Research how to store RDF data on Ethereum.
Prototype DeSCA: Ethereum application.
Pistoia Alliance Blockchain Webinar 20 June 2017Pistoia Alliance
This webinar discussed potential applications of blockchain technology in healthcare. It began with polls to assess participants' familiarity with blockchain. Panelists then provided overviews of blockchain and examples of potential use cases in areas like clinical trials, medical records, and supply chain/serialization. Key challenges around privacy, security and regulatory compliance with blockchain were also addressed. The webinar concluded by discussing the path to adoption, with collaboration and early prototyping seen as important to help manage hype and realize blockchain's potential benefits for healthcare.
This document provides an overview and summary of blockchain technology and its applications in India. It begins with an introduction to blockchain, describing its key features and how it differs from traditional centralized systems. It then covers various blockchain platforms and technologies, applications of blockchain in areas like supply chain management and land registration. The document also discusses cryptocurrencies, ICOs, the blockchain landscape in India, and challenges and the future outlook for blockchain in the country. It aims to help readers understand this emerging technology and its growing role and implementations in India.
The presentation will describe methods for discovering interesting and actionable patterns in log files for security management without specifically knowing what you are looking for. This approach is different from "classic" log analysis and it allows gaining an insight into insider attacks and other advanced intrusions, which are extremely hard to discover with other methods. Specifically, I will demonstrate how data mining can be used as a source of ideas for designing future log analysis techniques, that will help uncover the coming threats. The important part of the presentation will be the demonstration how the above methods worked in a real-life environment.
Is there a Blockchain Future for Healthcare?Jody Ranck
Blockchain is a distributed ledger technology that enables decentralized approaches without intermediaries. It has several potential healthcare applications including medical banking to disintermediate counterparties, distributed electronic health records, inventory management, and new models for collaborative data sharing and crowdsourcing. However, challenges remain around transaction throughput, security, regulatory uncertainty, and developing business models to implement blockchain in healthcare.
Block Chain as a Platform February 2015 - LERNER ConsultingLERNER Consulting
Block chains are part of the underlying infrastructure for Bitcoins. They are the accounting portion of the bitcoin ecosystem. The art of the possible for block chains is to use them for a larger ledger systems.
Any digital centralized registry (e.g., health records) can be made a part of the block chain system. Much like public and private cloud infrastructure has arisen, block chain as a platform is an emerging opportunity for entrepreneurs and innovator.
This document discusses incorporating blockchain technology into supply chain management for tracking items through the supply chain and beyond. It begins with an executive overview, then provides background on blockchain including how it uses distributed databases of linked blocks to securely record transactions and share information. The document outlines potential applications of blockchain for supply chain management, as well as current commercial uses and alternative blockchain designs being developed.
This document summarizes a university lecture on blockchain and bitcoin. It begins with an overview of how the term "blockchain technology" can refer to different things like the Bitcoin blockchain, other cryptocurrencies, or smart contracts. It then defines what a blockchain is, including that it usually contains financial transactions, is replicated across peer-to-peer networks, and uses cryptography to prove identity and enforce access rights. The document contrasts public and private blockchains and how they differ in terms of who can write to the ledger. It also discusses key concepts like how blockchains achieve consensus when multiple blocks are created simultaneously and how network rules and upgrades are handled.
Blockchain is a disruptive technology currently becoming the news topic of everyday. This presentation explains three essential questions relating to Blockchain:
1) Why to use it?
2) How does Blockchain actually work?
3) Where its currently being used and where it could be used.
Few examples have been explained using the Blockchain 1.0 i.e. BitCoin Blockchain.
Some use cases have been visited in this ppt.
Microsoft Azure for Blockchain as a Service (BaaS) has also been touched upon.
A.Schumacher (2017) Blockchain & Healthcare: A Strategy GuideGalen Growth
This document discusses how blockchain technology can revolutionize the healthcare industry by improving data security, data sharing, and interoperability. It outlines several potential applications of blockchain, including increasing efficiency in clinical trials through new data and incentive models that empower patients and researchers. Blockchain could also help address issues like improving auditability of transactions, reducing healthcare fraud and the impacts of data breaches. The document argues that blockchain technologies have matured and can now enable the building of a global, secure precision medicine ecosystem.
This document discusses the potential for blockchain technology in business applications. It provides background on blockchain and describes some key components for enterprise blockchain solutions, including different blockchain platforms. Several examples are given of how organizations are currently using blockchain, such as BNP Paribas using it for letters of credit and Bumble Bee Foods providing supply chain transparency. However, challenges to adoption are also outlined, such as regulatory uncertainty, scalability issues, and gaining internal acceptance of the technology.
10 Essentials on Blockchain Development: From Basics to EthicsSteve Hodgkiss
Blockchain technology has become a buzzword in recent years, with many industries exploring its potential applications. As such, there is a growing demand for blockchain developers who can build secure, decentralized applications. This article outlines ten essential concepts for anyone interested in blockchain development, from the basics to the ethics of this emerging technology.
The article begins by introducing the basics of blockchain technology, including its history, key components, and benefits. It explains how a blockchain works as a decentralized database, with each block containing a record of transactions that are cryptographically linked to the previous block. This ensures the integrity of the data and makes it nearly impossible to tamper with the records.
The second essential concept covered in the article is smart contracts. These are self-executing contracts that are coded into the blockchain and automatically execute when certain conditions are met. The article explains how smart contracts can be used to automate processes and eliminate the need for intermediaries.
The third concept covered is consensus mechanisms, which are the rules that govern how transactions are validated and added to the blockchain. The article describes the different types of consensus mechanisms, including proof of work, proof of stake, and delegated proof of stake.
Next, the article explores scalability issues in blockchain development. As blockchain technology continues to grow, it will need to be able to handle an increasing number of transactions. The article discusses some of the solutions being developed to address this challenge, such as sharding and sidechains.
The fifth essential concept covered is security. Blockchain technology is often touted as being secure, but it is still vulnerable to attacks. The article explains some of the security risks associated with blockchain technology, such as 51% attacks, and outlines best practices for securing blockchain applications.
The sixth concept covered is interoperability. As blockchain technology becomes more widespread, it will need to be able to work with other systems and technologies. The article describes some of the efforts underway to develop interoperability standards and protocols.
Next, the article explores governance and regulation in the blockchain space. As blockchain technology becomes more widely adopted, governments and regulatory bodies will need to develop policies and regulations to ensure that it is used ethically and responsibly. The article discusses some of the issues surrounding blockchain governance and the need for collaboration between stakeholders.
The eighth essential concept covered is privacy. While blockchain technology is designed to be transparent, it can also be used to protect user privacy. The article explains how privacy can be built into blockchain applications through techniques such as zero-knowledge proofs and encryption [..]
La visión de Hyperledger, tecnologías Blockchain para la industriaRicardo Ruano
Hyperledger es un proyecto colaborativo de código abierto enfocado en tecnologías Blockchain de grado empresarial para cualquier industria. Es una colaboración global, organizada por The Linux Foundation, que incluye líderes en finanzas, banca, IoT, cadena de suministro, manufactura y tecnología. www.hyperledger.org
Esta presentación es parte de la la meetup de Hyperledger en Chile donde un variado público proveniente de diferentes industrias y actividades se vieron interesados de conocer la potente propuesta que Hyperledger ofrece para el desarrollo de soluciones empresariales con tecnologías Blockchain.
Blockchain- The Quiet Disruptor - A Guide and a primer to launch Blockchain &...JP Batra
This is a guide and a primer to help you get ready to bring Blockchain technology solutions to your company. Titled "Blockchain - The Quiet Disruptor!" as presented at Global Blockchain Summit in Westminster, Colorado, this is a guide first develops a foundation through a high level understanding of:
* Inefficiencies we are used to, and how Blockchain removes them or reduces their impact
* Main strengths of Blockchain technology
* Public vs. Private Blockchain at a high level
* Business level view of how the technology works, or it's interworking
* Myths surrounding Blockchain, e.g., Blockchain vs Bitcoin, Blockchain vs. DLT as a summary table
* Various consortiums and alliances that developed platforms for use in their industries represented as a table
After foundational work, the presentation and the narratives tie all the foundational blocks together through a hypothetical Healthcare Insurance use case. It also describes the importance of technology selection, Minimum Viable Product (MVP) and Proof of Concept (POC) to test the applicability of Blockchain to a use case one may have developed.
Links have been added to supporting articles to get one prepared for developing their own use cases and help their company gain a competitive advantage or respond fast to competitor threats.
How Blockchain
Will Change Organizations
if there were an internet of value — a secure platform, What ledger, or database where buyers and sellers could store and exchange value without the need for traditional intermediaries? This is what blockchain technology will offer businesses.
[OPINION]
How Blockchain Will Change Organizations
What if there were an internet of value — a secure platform, ledger, or database where buyers and sellers
could store and exchange value without the need for traditional intermediaries? This is what blockchain technology will offer businesses.
BY DON TAPSCOTT AND ALEX TAPSCOTT
or the last century, academics and business leaders have been shaping the practice of modern management. The main theories,
F
tenets, and behaviors have enabled managers to build corporations, which have largely been hierar- chical, insular, and vertically integrated. However, we believe that the technology underlying digital currencies such as bitcoin — technology com- monly known as blockchain — will have profound effects on the nature of companies: how they are funded and managed, how they create value, and how they perform basic functions such as market- ing, accounting, and incentivizing people. In some cases, software will eliminate the need for many management functions.
Sound far-fetched? Let us explain. The internet
vastly improved the flow of data within and be- tween organizations, but the effect on how we do business has been more limited. That’s because the internet was designed to move information — not value — from person to person. When you email a document, photograph, or audio file, for example, you aren’t sending the original — you’re sending a copy. Anyone can copy and change it. In many cases, it’s legal and advantageous to share copies.
By contrast, if you want to expedite a business transaction, emailing money directly to someone is not an option — not only because copying money is illegal but also because you can’t be 100% certain the recipient is the person he says he is. As a result, we use intermediaries to establish trust and maintain integrity. Banks, governments, and in some cases big technology compa- nies have the ability to confirm identities so that we can transfer assets; the intermediaries settle transactions and keep records.
For the most part, intermediaries do an adequate job, with some notable exceptions. One concern is that they use servers that are vulnerable to crashes, fraud, and hacks. Another is that they often charge fees — for example, to wire money overseas. They also monitor customer behavior and collect data, and they exclude the hundreds of millions of people who can’t qualify for a bank account. And sometimes, they make terrible mistakes, as the 2008 financial crisis made evident.
What would happen if there was an internet of value where parties to a transaction could store and exchange value without
the need for traditional intermediaries? ...
Application of Blockchain Technologies in Digital ForensicsMahdi_Fahmideh
This lecture, from course CIS8708-Digital Forensics (Guide to Computer Forensics and Investigations), discusses the role of blockchain technologies in digital forensics investigation
Records management on the blockchain for the mortgage industryAjay Sharma
This document proposes using blockchain technology to improve records management in the mortgage industry. It discusses how a private blockchain like Hyperledger Fabric could be used to store mortgage documents and applications more securely and efficiently through smart contracts. The document outlines a proof-of-concept project to set up a Hyperledger network, develop functions to create, query and validate mortgage records, and build a user interface to test the functions over 15 days.
Blockchain has the potential to significantly impact global business ecosystems. It allows for traceable and auditable transactions without centralized control. This increases transparency and cuts costs. Blockchain also enables faster and more accurate compliance with regulations by providing a shared ledger of all transaction data. There are different types of blockchain networks, including public permissionless systems like Bitcoin, private permissioned systems, and hybrid systems, each with different access controls. Implementing blockchain requires understanding its attributes in order to analyze opportunities and threats for a business.
Blockchain Beyond the Hype. A Practical Framework for Business Leaders. This common sense and practical framework is designed
to assist executives in understanding whether blockchain
is an appropriate and helpful tool for their business needs.
It starts from the premise that blockchain is merely a
technology – much like many others that are already used
in society – and like other technologies it is as much about
change management and careful attention to the economics
and business models of industries and companies involved
as it is about technology evangelism. For any organization,
blockchain technology should not be a goal in itself but a
tool deployed to achieve specific purposes.
BASIC INTRODUCTION TO BLOCKCHAIN - JOEL SUMANTH RAJ.pdfJOELCONTACTS
Blockchain Technology is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network. An asset can be tangible (a house, car, cash, land) or intangible (intellectual property, documents, contracts, patents, copyrights, branding).
How does the Blockchain Work?
A blockchain is a distributed, peer-to-peer database that hosts a continuously growing number of transactions. Each transaction, referred to as a “block,” is secured through cryptography, timestamped, and validated by every authorized member of the database using consensus algorithms (i.e., a set of rules). A transaction that is not validated by all members of the database is not added to the database. Every transaction is attached to the previous transaction in sequential order, creating a chain of transactions (or blocks). A transaction cannot be deleted or edited, thereby creating an immutable audit trial. A transaction can only be changed by adding another transaction to the chain.
This document discusses blockchain and its potential uses. It begins by defining blockchain as an incorruptible digital ledger of transactions that is distributed, transparent and tamper-evident. It then outlines several industries where blockchain could significantly transform processes like financial services, supply chain and government services. The document concludes that while blockchain is still early, experimentation is increasing and early production uses are emerging, suggesting its impact will be realized sooner than expected.
When consumer products get switched on, brands will be able to deploy new IoT-based applications and services throughout the full product lifecycle. But what role will blockchains play in this, and is the hype about its potential justified?
This white paper will show you which use cases are best suited to blockchains and how to assess whether a blockchain-based solution is really needed.
Blockchain can be used across the whole manufacturing industry to address all different types of projects and stakeholders. Its value to the manufacturing vertical is promising as Industry 4.0 continues to grow.
With lots of fans and critics, blockchain and blockchain application development is gaining popularity each passing day. The demand for business-specific blockchain applications has revolutionized the technological world. Blockchain apps or DApps are decentralized applications which mean there is no intermediator to control transactions between the users. In a blockchain network, all the members behave like users and mini-servers at the same time. They perform data verification and its exchange within the network. People are investing in blockchain development considering technology’s potential in the long term.
Blockchain consulting services and solutionsV2Soft
Blockchain consulting services to help you understand how to use the advanced blockchain technology into your daily operations. V2Soft offer a full range of Blockchain services, including custom development, testing, implementation, and management of your Blockchain solution.
Blockchain is a new technology that allows for more secure and transparent transactions by recording them in distributed ledgers known as blockchains. Encrypted Labs is a blockchain consulting company that helps clients identify problems that can be solved using blockchain applications. They work with clients to design customized blockchain solutions and have expertise in a variety of industries. Some potential use cases discussed include supply chain management, cybersecurity, healthcare records, and intellectual property tracking.
Blockchain technology has the potential to significantly enhance your business, and at Blocktech Brew, we specialize in harnessing this power to drive your success. Blockchain provides a rand tamper-proof system for storing and managing data. Blockchain technology can facilitate cost-effective peer-to-peer transactions and cross-border payments.
This file contains the best overall information about Blockchain technology. Most of the topics are covered in a very brief manner. So that anyone can understand with ease. Also, the certification and its institutions also sharted in the file for the proper guidance for those who want to get one. Topics that are covered are what is blockchain, how it works? , applications, advantages, future aspects, etc. You can also visit my website www.thetechnoburst.in for more in-depth knowledge about this and its related topics. In this, I have also discussed the roles that one and other institutions will play in the upcoming blockchain development and its progress.
This document discusses how blockchain technology can be used in the life sciences and healthcare industry to address challenges around patient trust and control of medical records, ecosystem collaboration between providers, efficient transaction processing, and ensuring authentic care delivery. It provides an overview of blockchain capabilities and how blockchain solutions deployed on the AWS cloud can enable effective development. It then analyzes specific issues in healthcare around data breaches, billing fraud, clinical trials management, and drug supply chain traceability that could potentially be addressed using blockchain applications. As a use case, it describes how a cloud-based blockchain could improve collaboration, reduce costs, and ensure data integrity for clinical trials by allowing multiple stakeholders secure access to trial results and monitoring for changes.
Blockchain has emerged as a disruptive technology that can be applied to many industries. It functions as a distributed ledger that permanently records transactions in a way that makes the data tamper-proof. WordPress is a popular platform for website development, especially e-commerce sites. Blockchain can enhance WordPress in several ways - it allows for Bitcoin payments, facilitates global acceptance of payments, improves identity management and data security, and a new WordPress plugin and publishing platform will make it easier to integrate blockchain tools and capabilities. Overall, while blockchain is new, its integration with WordPress has the potential to address common challenges around online transactions and help transform those areas in the long run.
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1. ABOUT HYPERLEDGER
Hyperledger is an open source
collaborative effort created to
advance cross-industry blockchain
technologies. It is a global
collaboration including leaders
in banking, finance, Internet of
Things, manufacturing, supply
chains, and technology. The
Linux Foundation hosts
Hyperledger under the foundation.
To learn more, visit: hyperledger.
org. Hyperledger does not
promote a single blockchain
codebase or a single blockchain
project. Rather, it enables a
worldwide developer community
to work together and share
ideas, infrastructure, and code.
An Introduction to
Hyperledger
Purpose of This Paper
This paper provides a high-level overview of Hyperledger: Why it was created,
how it is governed, and what it hopes to achieve. The core of this paper presents
five compelling uses for enterprise blockchain in different industries. It also
describes the open source frameworks and tools that Hyperledger is developing
to help enterprises around the world deliver on the promise of blockchain for
more secure, more reliable, and more streamlined interactions.
This is not intended as a deep technical white paper, but an introduction to
Hyperledger for a general business reader.
Intended Audience
We expect this paper will be read by business people from different backgrounds,
including entrepreneurs, executives, IT managers, and software developers.
Since the blockchain is so new, we expect different readers will be more or less
familiar with certain blockchain terms and concepts. And since Hyperledger is a
worldwide project, we expect this paper will be read by people around the world,
many of whom do not have English as their first language.
Therefore, we tried to make this paper as clear and readable as possible. The
Further Resources section at the end points to more introductory and more
advanced materials you may want to explore.
2. 1 Introduction 3
2 Why Open Source for Blockchain? 6
3 The Greenhouse for Enterprise Blockchain 8
4 Hyperledger Design Philosophy 10
5 Some Compelling Use Cases 12
5.1 Banking: Applying for a Loan 12
5.2 Financial Services: Post-Trade Processing 13
5.3 Healthcare: Credentialing Physicians 15
5.4 IT: Managing Portable Identities 17
5.5 Supply Chain Management: Tracking Fish from Ocean to Table 20
6 Current Projects: Frameworks 22
6.1 Hyperledger Burrow 22
6.2 Hyperledger Fabric 23
6.3 Hyperledger Indy 23
6.4 Hyperledger Iroha 24
6.5 Hyperledger Sawtooth 25
7 Current Projects: Tools 27
7.1 Hyperledger Caliper 27
7.2 Hyperledger Cello 28
7.3 Hyperledger Composer 28
7.4 Hyperledger Explorer 28
7.5 Hyperledger Quilt 29
8 Long-Term Vision 30
9 Conclusions 31
Notes 33
First edition published July 2018.
This work is licensed under a Creative Commons Attribution 4.0 International License
creativecommons.org/licenses/by/4.0
Acknowledgements
The Hyperledger White Paper Working Group would like to thank all the following people for contributing to this paper:
Tamas Blummer, Sean Bohan, Mic Bowman, Christian Cachin, Nick Gaski, Nathan George, Gordon Graham, Daniel
Hardman, Ram Jagadeesan, Travin Keith, Renat Khasanshyn, Murali Krishna, Tracy Kuhrt, Arnaud Le Hors, Jonathan
Levi, Stanislav Liberman, Esther Mendez, Dan Middleton, Hart Montgomery, Dan O’Prey, Drummond Reed, Stefan
Teis, Dave Voell, Greg Wallace, Baohua Yang.
We would also like to thank the Hyperledger Technical Steering and Marketing Committees for their valuable
feedback throughout the writing of this paper.
3. 3
1 Introduction
This section explains the basic concepts of blockchain as a new type of shared database or
distributed ledger.
Databases are everywhere
Everyone has heard of “databases.” We use them every day. For example, the contacts list on
a phone is a simple database—an electronic version of a paper address book.
More elaborate databases include lists of customers, employees, patients, or voters, and their
properties and relationships. Even more complex databases might contain lists of instructions
or programs that can interact with one another.
In fact, you can think of a database as any organized set of information where you can find
and possibly update items.
Ever since the computer revolution began in the 1950s, databases have played an important
part in business and society. Databases began as simple applications with all the data arranged in
flat files, like a list of contacts. Then they evolved to use hierarchies—more like org charts.
As companies called for more speed and power, databases became relational with all the
information arranged as rows and columns in tables. You can query a relational database to
pull out specific information, such as all your contacts called “Smith” who live in Oregon. You
can’t do that with a paper address book.
Many databases today are shared
By now, the world is so connected that different people often need to access the same data.
To meet this need, distributed databases have emerged, where certain chunks of data can
be accessed by more than one person at once.
For example, to make it simpler to set up or reschedule meetings, all the members of a workgroup
can share their meetings on an online calendar. You can’t do that with a paper calendar.
Of course, more elaborate shared databases are used in business. Consider a company’s list
of stock on hand, organized by SKU, and shared by the order desk at head office and by a
sales rep with a laptop in the field.
Both the home office and the sales rep can query the database to see what’s in stock, take
orders, and allocate stock-on-hand to customers.
But shared databases raise questions
Once you start sharing a database with others, many questions arise:
• Who do you trust to share your data?
• How can you tell that someone is who they say they are online?
• What are they allowed to do to the database?
• What happens if both head office and the sales rep want to sell the same items?
• Who settles any conflicts or disputes?
Clearly, there are many practical issues with sharing a database. Over the years, people have
tried many different solutions. One exciting new way to share databases that can help solve
these problems is through blockchain technology.
4. 4
Blockchain is the technology behind Bitcoin
The media is full of stories on Bitcoin and other cryptocurrencies. But most businesses
don’t care too much about cryptocurrencies. Most businesses are happy buying and
selling with dollars, euros, pounds, yen, or any other accepted currency —perhaps even a
cryptocurrency—as long as it works for them.
What’s far more significant for enterprises is the technology behind cryptocurrencies, called
blockchain.
“It’s not Bitcoin, the still speculative asset, that should interest you,” write Don and Alan
Tapscott in their book Blockchain Revolution.1
Instead, they point to “the power and potential
of the underlying technological platform” as what will interest most business people.
Blockchain is a new form of shared database
A blockchain is a distributed database with no central authority and no point of trust. When
you want to share a database, but you don’t have a lot of trust in the other people who might
use it, a blockchain can be very helpful.
In this context, “trust” could mean many things. Trust could mean trusting others to perform
actions on the database properly. Trust could mean not trying to pry into each other’s private
information. Or trust could mean not degrading someone else’s performance to gain a
competitive advantage.
Discussing trust brings up the two main kinds of blockchain.
Most cryptocurrencies use permissionless blockchains where anyone can join and have full
rights to use it. For example, anyone can buy Bitcoin or Ether because those use wide-open,
permissionless blockchains.
On the other hand, business blockchains tend to be permissioned. This means a person
needs to meet certain requirements to perform certain actions on the blockchain. Some
permissioned blockchains restrict access to pre-verified users who have already proven they
are who they say they are. Others allow anyone to join, but only let trusted identities verify
transactions on the blockchain.
Remember our example of the database shared between head office and the field reps of a
company. If a blockchain was used to manage that database, it would definitely be permissioned:
Everyone accessing the blockchain would have to be an employee of the company or
perhaps a trusted trading partner.
Blockchain permissions and consensus
In the database shared between head office and field reps, this question came up: What happens
if two different reps want to sell the same items, but there aren’t enough on hand to fill both orders?
If that database were managed with a permissioned blockchain, this problem could be solved
through a process called consensus.
Blockchains use consensus systems to make sure the information in the database is always
correct. For example, a consensus system would use pre-established rules to determine
which field rep gets the limited items in stock.
Consensus systems take many different forms with different names.
For instance, Bitcoin uses a proof-of-work consensus, where the participants’ computers
solve difficult math problems. Other types of consensus are called proof of elapsed time
and proof of stake. Many permissioned blockchains use something called Byzantine Fault-
Tolerant consensus algorithms.
No matter how they’re built, all blockchains rely on cryptography, the art and science of
encoding information so that it’s difficult to decode.
5. 5
Basic identity management—proving you are who you say you are—usually involves digital
signatures and a certificate authority. More advanced systems to manage privacy and
permissions call for more advanced cryptography.
The good news is, you don’t have to understand the intricate details of blockchains to
understand how useful they can be.
Why blockchain matters to business people
With blockchains, many existing business processes in many industries can be streamlined
to save time, save money, and reduce risk. And many entirely new processes—perhaps even
whole new industries—can be invented.
As the Tapscott book explains, the first generation of the Internet was great for sharing
information: things like e-mail, documents, photos, webpages, songs, and videos. But there
was a problem. It was hard for anyone to prove they were who they said they are.
Every transaction that involved any value required a middleman, like a bank or credit card
company, to confirm the buyer and seller and validate the transaction. That created friction,
delay, and expense—and a central point of failure that hackers could attack.
Blockchain opens the door to a second generation of the Internet much better-suited for
exchanging value, including valuable information.
With blockchains, people can establish who they are and then trade items like money, stocks
and bonds, intellectual property, deeds, votes, loyalty points, and anything else that has value.
Even if the traders don’t know or trust each other, they can trust the technology to record the
transaction in a tamper-proof way. And the technology removes the need for any middleman,
which saves time and cuts costs.
Hyperledger was created to further blockchain for enterprises
Hyperledger began in 2015 when many different companies interested in blockchain
technology realized they could achieve more by working together than by working separately.
These firms decided to pool their resources and create open-source blockchain technology
that anyone could use. These far-sighted companies are helping blockchain to become a
more popular and industry-standard technology.
Hyperledger was put under the guardianship of the Linux Foundation (for a host of reasons
that we’ll talk about later) and has grown rapidly in the last few years.
As of publication date, Hyperledger has more than 230 organizations as members—from
Airbus to VMware—as well as 10 projects with 3.6 million lines of code, 10 active working
groups, and close to 28,000 participants who have come to 110+ meetups around the world.
Through 2017, the project was mentioned in the press an average of 1,500 times a month.
Those of us involved with Hyperledger think the future of blockchain will involve modular,
open-source platforms that are easy to use. With Hyperledger, we aim to create an
environment that enables us to make this vision a reality.
6. 6
2 Why Open Source for Blockchain?
“Proprietary software” refers to a commercial product licensed by a vendor, normally for a
fee. No one but the original publisher is supposed to see or touch the code. On the other
hand, open source is software that anyone can download, view, and change. This section
explains why open source makes a lot of sense for enterprise blockchains.
Open source is popular and reliable
When properly designed, coded, and deployed, open source is a proven and effective choice.
For example, the Linux operating system runs 90% of the public cloud workload, more than
80% of the world’s smartphones, and 99% of all supercomputers.2
The open source Apache web server has been the world’s most popular web server for
more than 20 years, and today supports more than 40% of all active websites.3
Other well-known open source software includes mySQL—the world’s most popular database
server—and the Firefox web browser.
Open source has some clear benefits
According to two recent surveys of executives and developers,4
here are the key reasons
why enterprises choose open source software:
• Competitive features and capabilities
• No vendor lock-in, so customers can easily switch
• High-quality solutions
• The ability to customize and fix bugs, through access to source code
• Lower total cost of ownership
In the early days of open source, its main attraction was that it was “free.”
Today, however, enterprises choose open source to reduce risk, gain speed-to-market, and
get a competitive edge. Organizations want their programmers to focus on strategic projects
that add significant value—such as building industry-specific enhancements on top of a
proven platform—rather than re-inventing the wheel.
All these benefits are heightened when an enterprise confronts any profoundly new or
challenging concept—like the web in years past—and like blockchain today. Rather than
develop an entire infrastructure and engineer all of its own solutions, enterprises can “stand
on the shoulders” of others who already did pioneering work and freely shared it with the world.
Open source builds trust
Blockchain represents a perfect opportunity to benefit from open source, since the concept
of trust is woven deeply into all blockchain technologies.
Blockchain systems are engineered to enable direct, peer-to-peer transactions between
parties who don’t fully trust one another, or don’t trust any central authority to validate transactions
or settle disputes. Therefore, it’s essential for these parties to trust in blockchain technologies.
We believe that an open, collaborative approach that invites participation from all stakeholders
is the most effective way to build trust for enterprises—enough trust for them to widely and
rapidly adopt blockchain technologies.
7. 7
Open governance
Open governance means that technical decisions—such as which features to add, how to
add them, and when to add them—are made by a group of community-elected developers
drawn from a pool of active participants. Anyone can participate in Hyperledger by becoming
a contributor and/or maintainer.
Becoming a developer or maintainer translates into one thing: trust. You know how decisions
will be made and how people will be selected to make these decisions. Hyperledger is
vendor-neutral and technical contributions are based on meritocracy.
Companies deploying blockchain internally, and those building products and services based
on Hyperledger projects, tell us they trust Hyperledger because our technologies are built in
the open by a broad community.
Open source promotes interoperability
“Interoperable” means that a program can work with other programs—even those from other
organizations—to quickly and easily perform a function. In today’s connected world, this is a
must-have. And in the future, we believe that many blockchains will support many business
processes for many organizations.
Hyperledger eases interactions between blockchains. The open source Hyperledger
technologies are designed from the start to support interoperability across various blockchains. In
particular, Hyperledger Quilt is expressly designed to support cross-chain transactions.
Open source makes sense for blockchain
Both economics and common sense are on the side of a collaborative effort like Hyperledger.
Enterprises need robust, feature-rich, modular blockchain platforms they can tailor to meet
their requirements. Businesses as diverse as banks, car and airplane makers, and healthcare
companies make a broad ecosystem of enterprises, all cooperating with the global
Hyperledger developer community.
When many different users and vendors collaborate to co-create common technologies,
everyone can enjoy the proven benefits including lower risk, higher quality, and faster time-
to-market. We believe we can do more to advance blockchain technologies by working
together than by working in isolation.
8. 8
3 The Greenhouse for Enterprise Blockchain
Hyperledger serves as a “greenhouse” that brings together users, developers, and vendors
from many different sectors and market spaces. All these participants have one thing in
common: All are interested in learning about, developing, and using enterprise blockchains.
While blockchain is a powerful technology, it is not one-size-fits-all.
Every enterprise needs special features and modifications to help a blockchain achieve its
intended purpose. Since different organizations have different needs, there will never be
one single, standard blockchain. Instead, we expect to see many blockchains with different
features that provide a wide range of solutions across many industries.
Hyperledger provides a greenhouse structure that can incubate new ideas, support each
one with essential resources, and distribute the results widely. A greenhouse structure can
support many different varieties while consuming far fewer resources.
As the greenhouse organization for open source blockchain development, Hyperledger
provides these benefits:
• Help keeping up with developments
• Better productivity through specialization
• Collaboration to avoid duplicate efforts
• Better quality control of code
• Easier handling of intellectual property
Help keeping up with developments
Navigating through all the developments in an open source environment can be daunting. Due to
the cost and complexity involved, some organizations may give up, or never get started at all.
Hyperledger reduces this research burden by creating a collaborative environment that streamlines
communication. Better communication helps new participants to catch up, by gaining faster
access to necessary information. As newer participants quickly join the collaborative effort, this
speeds up development for the benefit of the entire community.
Better productivity through specialization
A basic premise of economics ever since Adam Smith is that specialization—also known as
division of labor—leads to higher productivity. Instead of everyone doing a little bit of everything,
specialization enables people to focus their energies on fewer tasks and become more
expert at them. The benefits of specialization include more expertise, more value added, and
ultimately more wealth created. This is why specialization has proven to be a driving factor in
global economic development.
Participants can gain the same benefits—more expertise, more value added, and better all-around
productivity—by specializing in certain areas of a new technology like blockchain. In an open
source environment without any greenhouse organization, this would be far more difficult.
Hyperledger’s greenhouse structure encourages specialization, which yields better productivity.
And participants who happen to specialize in similar areas aren’t competing against each
other. In a greenhouse organization, specialists are encouraged to join forces to accelerate
their research and development.
Collaboration to avoid duplicate efforts
In a siloed environment, many people can unwittingly duplicate each another’s efforts.
Duplication of effort is especially negative in a new industry like blockchain, where the talent
pool of seasoned developers is not yet deep.
9. 9
In a greenhouse organization, collaboration between participants is highly encouraged.
This can avoid duplication, streamline the development of new projects, and encourage the
creation of common components that benefit the entire community.
Interoperability between various distributed ledgers is also enhanced by a better
understanding of other projects. And the governing structure provided by Hyperledger can
help solve any interoperability disputes that could potentially arise.
Better quality control of code
Open source software is recognized for its high quality, achieved through careful code
reviews and significant debugging. Hyperledger promotes quality control by having a
technical governing committee review all projects throughout their life cycles. This gives
new projects a chance to be critiqued, so their developers can gain knowledge from all
the existing projects. For their part, long-time project members may discover innovations in
new projects which can enhance their own projects. This greenhouse structure also fosters
interoperability between new and existing projects.
Easier handling of intellectual property
Another benefit provided by the greenhouse structure is easier, more consistent handling
of intellectual property. Hyperledger operates under an Apache 2.0 license for code (see
apache.org/licenses/LICENSE-2.0) and Creative Commons Attribution 4.0 International
license for content (see creativecommons.org/licenses/by/4.0/). Both these licenses are
known to be especially enterprise-friendly.
A single, consistent approach to intellectual property removes the need for complex and
expensive contractual relationships among members. Since all participants have clearly
communicated their expectations, anyone building and using Hyperledger technologies can
participate without fear of running into hidden legal encumbrances.
FIGURE 1: THE HYPERLEDGER GREENHOUSE STRUCTURE
10. 10
4 Hyperledger Design Philosophy
Distributed ledgers can have vastly different requirements for different use cases. For
instance, when participants share high levels of trust—such as between financial institutions
with legal agreements—blockchains can add blocks to the chain with shorter confirmation
times by using a more rapid consensus algrithm. On the other hand, when there is minimal
trust between participants, they must tolerate slower processing for added security.
Hyperledger embraces the full spectrum of use cases. We recognize that different enterprise
scenarios have different requirements for confirmation times, decentralization, trust, and other
issues, and that each issue represents a potential “optimization point” for the technology.
To address this diversity, all Hyperledger projects follow the same design philosophy. All our
projects must be:
• Modular
• Highly secure
• Interoperable
• Cryptocurrency-agnostic
• Complete with APIs
Modular
Hyperledger is developing modular, extensible frameworks with common building blocks
that can be reused. This modular approach enables developers to experiment with different
types of components as they evolve, and to change individual components without affecting
the rest of the system. This helps developers to create components that can be combined to
build distributed ledger solutions well-suited to different requirements.
This modular approach also means that a diverse community of developers can work
independently on different modules, and re-use common modules across multiple projects.
The Hyperledger Architecture Working Group defines functional modules and interfaces for
issues such as communication, consensus, cryptography, identity, ledger storage, smart contracts,
and policy. To find out more, visit wiki.hyperledger.org/groups/architecture/architecture-wg.
Highly secure
Security is a key consideration for distributed ledgers, especially since many use cases
involve high-value transactions or sensitive data. With large codebases, many networked
nodes, and valuable data flows, distributed ledgers have become prime targets for online
attackers. Securing a blockchain is quite a difficult task: Distributed ledgers must provide a
large set of features and functions, while resisting persistent adversaries.
Security and robustness are the keys to enable enterprise-class blockchains to evolve, and
provide the critical infrastructure for next-generation business networks.
Hyperledger projects embrace security by design and follow the best practices specified by
the Linux Foundation’s Core Infrastructure Initiative. To find out more, visit coreinfrastructure.org/.
As such, all Hyperledger algorithms, protocols, and cryptography are reviewed and audited
by security experts, as well as the wider open source community, on a regular basis.
Interoperable
In the future, many different blockchain networks will need to communicate and exchange
data to form more complex and powerful networks. At Hyperledger, we believe that most
smart contracts and applications should be portable across many different blockchain
11. 11
networks. This high degree of interoperability will help meet the increased adoption of
blockchain and distributed ledger technologies.
Cryptocurrency-agnostic
Hyperledger projects are independent and agnostic of all alt-coins, cryptocurrencies, and
tokens. Hyperledger will never issue its own cryptocurrency; this is decidedly not our
purpose. Hyperledger exists to create blockchain software for enterprises, not to administer
any cryptocurrency.
However, the design philosophy includes the capability to create a token used to manage
digital objects, which may represent currencies, although this is not required for the network
to operate.
Complete with APIs
All Hyperledger projects provide rich and easy-to-use APIs that support interoperability
with other systems. A well-defined set of APIs enable external clients and applications to
interface quickly and easily with Hyperledger’s core distributed ledger infrastructure. These
APIs support the growth of a rich developer ecosystem, and help blockchain and distributed
ledger technologies proliferate across a wide range of industries and use cases.
FIGURE 2: THE HYPERLEDGER DESIGN PHILOSOPHY
Complete with APIs
Cryptocurrency-agnostic
Modular
Highly Secure
Interoperable
12. 12
5 Some Compelling Use Cases
This section describes five concrete examples where blockchain has a clear and compelling
use case.
These use cases are drawn from different domains and arranged in alphabetical order:
• Banking—applying for a loan
• Financial services—post-trade processing
• Healthcare—credentialing physicians
• IT—managing portable identities
• Supply chain management—tracking fish from ocean to table
In each case, Hyperledger has useful tools available; in some cases, a proof-of-concept has
already been developed.
5.1 Banking: Applying for a Loan
Banks want to lend, but only to borrowers who are good risks. This motivates the banks to
gather detailed, personally identifiable information (PII) from everyone who applies for a loan,
such as date of birth, annual income, government ID or passport number, and so on.
Ultimately, the banks use this PII to access an applicant’s credit rating. Regulations may
demand that certain PII is shared with authorities, for example, to prevent money laundering.
But retaining so much PII makes every bank a juicy target for hackers.
Seeking a loan isn’t much fun for borrowers, either. The application process is intrusive, and
it’s hard to “shop around” for the best rates. Every new application multiplies the effort and
increases the risk that the applicant’s PII will be abused.
HYPERLEDGER INDY CAN STREAMLINE THIS PROCESS
Hyperledger Indy offers a transformative identity solution for this use case.
With Indy, applicants can share only the information the banks need to make a decision, in a
way that guarantees truth, builds confidence in the lender, and satisfies pressures from regulators.
Anyone seeking a loan can apply to 100 different lenders in milliseconds, without placing any
sensitive personal data into a hackable database.
Instead of disclosing any PII, loan applicants can generate zero-knowledge proofs that they
are over 21, that their income on last year’s taxes passed a certain threshold, that they hold
a valid government ID number, and that their credit score met a certain threshold within the
past week.
Strong, distributed ledger-based identity establishes a global source of truth, which delivers
value to many parties. Applicants can give consent, and everyone can agree on when and
how it was given. Lenders can conform with regulations and show an immutable audit trail.
As a result, the market can operate more efficiently: Banks can offer loans with confidence,
while applicants can effectively safeguard their PII.
OTHER HYPERLEDGER PROJECTS ADD FURTHER STRENGTHS
This use case becomes even more compelling when you consider the added strengths of
other Hyperledger projects.
For example, Hyperledger Burrow can turn loan applications into smart contracts, and attach
them to strong identities as a seamless next step. And Hyperledger Fabric can drive a
membership system by linking to the pre-existing, self-sovereign identity on the loan application.
13. 13
5.2 Financial Services: Post-Trade Processing
The primary drivers for blockchain in today’s financial services are privacy, confidentiality,
and accountability.
Compliance guidelines like “Anti-Money Laundering” and “Know Your Customer” require that
banks and service providers can verify a customer’s legal identity and give them clearance to
do transactions. These requirements drive the adoption of permissioned and private blockchains,
since public blockchains can risk compromising a participant’s privacy and confidentiality.
Together with the large volumes of transactions, these are the main reasons why consortium
blockchains are gaining momentum in financial services. Among many possible use cases in
this industry—especially in capital markets—post-trade processing can benefit from blockchain.
FIGURE 3: POST-TRADE PROCESSING, WITH AND WITHOUT BLOCKCHAIN
THE MANY STEPS IN POST-TRADE PROCESSING
Post-trade processing includes all the activities done after a trade is completed. This covers
transactions done over-the-counter (OTC) or at an exchange.
On a high level, post-trade processing includes these steps:
1. Trade validation—Validating and confirming the transaction following the execution of
the trade.
2. Clearing—Matching the trade instructions and confirmations across the different
counterparties as well as the potential netting activities.5
3. Settlement—Legally realizing the contractual obligations to reach the finality of the
transaction. This includes support processes such as notifying all entities affected by
the transaction.
4. Custody activities—Adjusting the positions held with the custodians on behalf of the
counterparties.
5. Reporting—Satisfying all reporting requirements for regulatory and internal risk, i.e.,
the transaction’s contribution to the market and credit risk of each counterparty.
Today’s
Post-Trade
Processing:
Bottlenecks,
duplication of
effort, delays
Post-Trade Processing
with Blockchain:
No bottlenecks, no
duplication, no delays
All transactions
must be reconciled
at end-of-day
All parties see
trusted data when
they need it
14. 14
ISSUES WITH TODAY’S POST-TRADE PROCESSING
Today, all these steps are typically done through a fragmented workflow that spans numerous
departments across different entities: brokers, central security depositories, clearing houses,
exchanges, settlement agents, and so on. Every trade involves many different interfaces,
processes, and reconciliation efforts.
For example, today both parties send separate settlement instructions to a trusted third
party—the settlement agent—which matches both data sets and instructions. Any mismatches
trigger prolonged reconciliation efforts or may even result in a failed trade.
All this duplication of effort introduces inefficiency and delays into post-trade processing.
BLOCKCHAIN CAN STREAMLINE POST-TRADE PROCESSING
Compared to the current model, doing post-trade processing on blockchain can be far more efficient.
Leveraging the peer-to-peer strength of a blockchain, one party can insert transaction details
for the other party to verify. Doing both processes on the same system can significantly
streamline the process, since the network itself can act as a trusted third party, enabled by
the immutable and irrefutable nature of transactions on the blockchain.
The complexity can be further reduced, since all data from all steps and all actors can reside on
the blockchain, accessible on a need-to-know basis. Any further reconciliation becomes unnecessary.
And the blockchain system can also serve as an efficient basis for regulatory and trade reporting.
This means four of the five steps listed above—validation, clearing, settlement, and
reporting—can be streamlined by using a blockchain for post-trade processing.6
SPECIAL FEATURES REQUIRED FOR POST-TRADE PROCESSING
Any permissioned distributed ledger can provide a tamper-proof, irrefutable transaction log.
But to be effective for post-trade processing, a blockchain requires several added features,
such as immediate finality, future-proof confidentiality, and streamlined performance.
Immediate finality: Any distributed ledger used for capital markets must offer immediate
finality, so that the receiver can be assured that the transactions are valid and committed.
Consensus algorithms such as proof of work (PoW), proof of stake (PoS), or proof of
elapsed time (PoET) can cause temporary forks and even transaction rollbacks. These
are unacceptable in post-trade processing. Any blockchain for this use case must use a
consensus algorithm that provides immediate finality.
Future-proof confidentiality: Participants in any trade expect their transactions to remain
private and confidential. The clearing house recording the transaction must ensure that
parties can’t see each other’s position or trading information. Even with anonymized data,
the existence of trades must not be revealed, since this can make transactions susceptible
to traffic analysis. Correlated to public market information, this can compromise both a
participant’s identity and their trading patterns.
In the future, even more stringent requirements for ensuring confidentiality of ledger data
may be required. In a typical blockchain where all data is stored on each participating computer,
any compromise of the private key—or even worse, the cryptographic hash or encryption
algorithm—can lead to the complete unveiling of all historic data for all participants.
Any distributed ledger used for financial services must ensure that all transactions will remain
confidential for the foreseeable future.
Streamlined performance: Today, all post-trade activities happen at the end of the business
day, which presents different requirements than most other use cases. When using a
blockchain, it will not be necessary to transmit the entire day’s set of trade records to be
reconciled. All trades will be reconciled in near real-time.
15. 15
Yet the total number of transactions will likely increase, since participants can learn their
position with the clearing house in near real-time. This means that while the average number
of transactions per second will likely increase, the peak performance requirements will
decrease significantly. Overall, system throughput will be faster.
HYPERLEDGER PROJECTS CAN HELP
Several projects from Hyperledger provide features and functions that can help build
effective blockchain solutions for post-trade processing.
The channels supported by Hyperledger Fabric can be deployed as fully disjoint networks
with separate endorser sets and ordering nodes to provide privacy and confidentiality. Restricting
data replication only to permissioned parties delivers the benefits of the blockchain for data
integrity and non-repudiation of transactions, without compromising data security. Reporting
requirements—both internal and external—can be satisfied by including a regulatory agency
and other oversight entities as members of the channel. Network segmentation enabled by
Fabric’s channels can support multiple jurisdictions and regulatory regimes.
The transaction families in Hyperledger Sawtooth provide a reliable and powerful way to
support post-trade activities. Building complex rules using a preferred language, and exposing
only the functions appropriate to the context, enables safer smart contracts. And the option to
prohibit deployment of ad-hoc smart contracts further reduces risks for financial institutions.
Hyperledger Indy’s unlinkable verifiable claims can be leveraged to report outstanding risk
on a shared ledger without compromising privacy. This still enables a regulatory body to take
a holistic view of the market, and to help prevent potential market crashes and major defaults.
This feature can also strengthen privacy, by putting participants in control of their network
identities and any attributes they choose to disclose.
5.3 Healthcare: Credentialing Physicians
Blockchain technologies promise to reduce one of the great annoyances of modern medical
practice: “credentialing’’. Hospitals use the credentialing process to make sure that its
physicians are competent and trustworthy. In a sense, credentialing is the hospital’s way of
performing “due diligence’’ on a physician.
But today this process imposes a huge burden, both on the physician applying for affiliation
and the hospital that must vet the applications.
FIGURE 4: BLOCKCHAIN MAKES DOCTOR CREDENTIALING FASTER AND MORE SECURE
1. Medical school issues tamperproof
credential on blockchain.
3. Hospital validates all credentials on
blockchain, saving many steps and delays.
2. Doctor places further credentials
on blockchain.
16. 16
THE PHYSICIAN GATHERS CREDENTIALS, MANY ON PAPER
Any physician who wishes to become affiliated with a hospital begins the process by
gathering copies of all their professional credentials, such as:
• Medical school diploma
• Certificates of any residencies and fellowships completed
• Certificates from any specialty medical boards
• All state medical licenses
• Evaluations from peers
• Proof of meeting requirements for continuing medical education
• Letters from hospitals where the physician was previously affiliated, explaining how
and why the affiliation ended
• Details of any malpractice suits
THE HOSPITAL CHECKS CREDENTIALS AND CALLS A MEETING
On the hospital’s side, the credentialing office checks the physician’s documentation for
completeness, accuracy, and authenticity. This is an exacting task. Almost inevitably, they find
shortfalls and go back to the doctor for missing documents.
Then the credentialing office verifies some or all of the physician’s documentation. For
example, they may phone a medical school to confirm that the physician did indeed graduate
from there. This is clearly a time-intensive process that is prone to errors.
Once the documentation is determined to be complete, accurate, and authentic, the
hospital’s credentialing committee—which typically includes physicians and administrators—
meets to decide whether the physician can begin practicing in affiliation with the hospital.
The entire credentialing process is complex, low-trust, and time-consuming. And it can take
weeks or even months until any physician is cleared to affiliate with a hospital.
THREE KEY QUESTIONS FOR ANY BLOCKCHAIN SOLUTION
An effective blockchain solution for medical credentialing must answer three key questions
about content, identities, and resources.
1. Will actual content or only pointers to content be placed on the blockchain?
Credentialing solutions might place public information (such as state medical licensing)
on the blockchain itself. However, private information (such as peer reviews) might be
better stored off the chain; this would guard against any loss of keys, and enable users
to remove—but not change—private information.
2. What’s the best way to manage the identities of many participants?
An ambitious credentialing solution might include every hospital, every physician, every
source of continuing medical education, and so on. This could eventually number thousands
of participants. How will so many identities be efficiently and securely managed?
3. What resources are required, especially for storage?
Credentialing solutions may be in service for decades, requiring significant resources
for processing, communication, and storage. For example, what if at some point
credentialing organizations want video testimony from peers? Storage requirements
could skyrocket—and who would cover that added cost?
17. 17
HYPERLEDGER CAN HELP STREAMLINE CREDENTIALING
Credentialing provides a good use case for blockchain technologies, which can simplify and
streamline every step of the process.
Hyperledger Indy provides off-the-shelf solutions that would otherwise require architecting
and developing new software. One significant feature: Indy implements the proposed W3C
standard for verifiable claims, supporting the pairwise exchange of selected credentials. In
practice, this can work as follows:
1. A physician requests proof of graduation from their medical school.
2. The medical school places a digital credential on the blockchain on behalf of the
physician, where it’s considered irrefutable and tamper-proof.
3. A hospital can access the blockchain to verify the physician’s credential, with no need
to contact the medical school directly.
4. The physician can expose only the specific credentials the hospital requires, and
nothing more.
This implementation of verifiable claims safeguards the physician’s privacy, saves time and
effort for everyone involved, and streamlines the entire process. At last: a better way to
handle medical credentialing.
5.4 IT: Managing Portable Identities
One of the most exciting applications of blockchain is for self-sovereign identity: the idea that
an individual owns their own “identity’’ and controls the data around it. This has profound
implications for enterprise IT.
INDY EXTENDS TRADITIONAL IDENTITY SYSTEMS
Hyperledger Indy is a distributed ledger with a primary focus on self-sovereign identity. Indy
shares some features with traditional enterprise identity systems such as 2FA, IDPs, LDAP,
OAuth, and so on, namely:
• Industrial-strength cryptography
• Rich metadata about identities
• Sophisticated access control and policy
FIGURE 5: MANAGING PORTABLE IDENTITIES WITH BLOCKCHAIN
Issuer Verifier
Signs Claim
Issues
Claim
Presents
Claim
Countersigns Claim Verifies Signatures
Owner
Blockchain
Decentralized Identifiers (DIDs)
18. 18
But there is a profound difference: Indy identities are shared, not siloed and federated. An Indy
identity is portable, so you can bring it with you wherever the distributed ledger is accepted.
This means that 10 systems that support Indy identities don’t create 10 separate identities for
John Q. Public. Instead, all 10 systems access John’s pre-existing identity on the blockchain.
John can simply show up and use his identity. An organization can cancel John’s access, but
never his identity, because John owns it himself. And John—not the places that accept John’s
identity—controls access to his data.
INDY FITS ENTERPRISE IT BETTER
Indy also shares some features with blockchain-based identity solutions such as Blockstack
(blockstack.org/) and Uport (uport.me/). All these technologies store identity on a distributed
ledger to promote security and personal freedom.
However, Blockstack depends on Bitcoin and and Uport on Ethereum. These proof-of-work
(PoW) ecosystems impose a high cost on transactions, so that every new persona, pairwise
relationship, published attribute, or public key rotation becomes a tangible expense. This
creates a disincentive to pairwise relationships, which undermines privacy.
Also, these ecosystems are global and public. They can’t be special-purposed for a less-
than-fully-global context.
Indy, on the other hand, does not use PoW, so that transactions are free. And different instances
of Indy can scale to fit whatever context is convenient. That makes Indy more flexible, more
cost-effective, and more practical for managing identities through an enterprise blockchain.
19. 19
5.5 Supply Chain Management: Tracking Fish from Ocean to Table
Ocean fishing represents more than $70B in worldwide trade.7
But the industry faces many problems.
For example, estimates suggest at least 20% of all fish are caught illegally—yet only a tiny
fraction are ever inspected.8
A recent study based on DNA testing found that nearly one in three fish were mislabeled by
sellers.9
And a detailed sampling from 674 outlets across the United States found that 87%
of snapper and 59% of tuna were mislabelled—and worse, 95% of all sushi restaurants were
serving mislabeled fish.10
These issues create health risks for consumers, hurt vulnerable fish stocks, rob nations of
taxes, and damage the integrity of the whole industry.
MANY CHALLENGES IN SEAFOOD TRACEABILITY
Traceability and provenance are well-managed for certain local catches such as Maine
lobster and Maryland crab. But as shown in Figure 6, the complexity of the ecosystem makes
it challenging to achieve better traceability.
A recent study by the non-profit sustainable seafood organization FishWise11
identified these
key problems:
• Many different paths from ocean to table
• Lack of global authority for tracing
• Proprietary tracing systems do not scale
• Most existing processes are paper-based
The supply chain that delivers fish from ocean to table is extremely complex and opaque. It
includes many participants from different industries, and regulatory controls that cross national
boundaries. That makes this supply chain a perfect opportunity for blockchain technologies.
Oceana, an NGO devoted to protecting the oceans, postulated that a shared platform
for traceability would help to improve the accuracy of labeling and reduce pirate fishing:
“Despite formidable challenges, seafood traceability is well within reach. Simply by keeping
track of where our seafood comes from at every step of the supply chain, we can make
progress against pirate fishing.’’12
A SEAFOOD SUPPLY CHAIN PROTOTYPE
A team at Intel is using Hyperledger Sawtooth to build a traceability prototype that combines
the distributed ledger, IoT sensors, and advanced communications to track telemetry
parameters throughout capture, processing, and transit.
Sensors are attached to the fish when it is caught to record data such as location, temperature,
and humidity. This data is recorded in the ledger, along with further events in the processing
of the fish: ownership changes, storage temperature range, transport company, and so on.
The ledger can also provide analytics for both regulatory enforcement and scientific analysis
of fish harvesting and consumption.
This prototype highlights the benefits of Hyperledger Sawtooth as a platform for tracing assets.
The lightweight, highly decentralized consensus protocol in Sawtooth (proof of elapsed time
or PoET) is particularly well-suited to a diverse, distributed ecosystem where thousands of
validating nodes may be required. Broad participation in the ledger reflects the cross-industry
nature of the seafood supply chain.
20. 20
FIGURE 6: THE COMPLEXITY OF THE SEAFOOD SUPPLY CHAIN
Source: Advancing Traceability in the Seafood Industry, FishWise
21. 21
ASSET TRACKING TOUCHES ON DIFFERENT ISSUES
Asset tracking touches on several issues not generally seen in ledgers for financial products
For example, asset tracking requires handling diverse data types, such as the composite
format required for telemetry and environmental sensing.
Sawtooth accommodates both domain-specific data and the transaction families that operate
on it, including data constraints such as verifying the calibration of a sensor.
Blockchain promises a number of benefits for cross-industry traceability. Most of all, these
technologies can help establish a community of participants and an authoritative record of
provenance. The blockchain’s decentralized fault-tolerance enables updates from a wide range
of nodes, including fishing boats, trucks, cold-storage facilities, retail stores, and restaurants.
Beyond traceability, digitizing assets opens the door for completely new markets such as, for
example, monetization of provenance.
FIGURE 7: OCEAN TO TABLE FLOWCHART USING HYPERLEDGER SAWTOOTH
How It Works
1. Seafood is caught by fishermen and
physically tagged with IOT enabled sensors.
2. Sensors continuously transmit data about
time and location to the blockchain
3. Hyperledger Sawtooth facilitates and tracks
possession changes through the distribution
4. The buyer can access a comprehensive
record of the fish’s provenance
22. 22
6 Current Projects: Frameworks
Hyperledger incubates and promotes a range of business blockchain technologies, including:
• Distributed ledger frameworks
• Smart contract engines
• Client libraries
• Graphical interfaces
• Utility libraries
• Sample applications
The Hyperledger strategy encourages the re-use of common building blocks, enables rapid
innovation of components, and promotes interoperability between projects.
Table 1 sums up all the current distributed ledger frameworks in alphabetical order. The rest
of this section sums up each framework briefly, and shows where to find more information.
Section 7 describes the current Hyperledger tools and utilities.
Table 1: Summary of Hyperledger Frameworks
6.1 Hyperledger Burrow
Hyperledger Burrow provides a modular blockchain client with a permissioned smart
contract interpreter developed partly to the specifications of the Ethereum Virtual Machine
(EVM). In short, Burrow is a permissionable smart contract machine.
Burrow became the fourth distributed ledger platform within Hyperledger in April, 2017. It was
originally developed and proposed to Hyperledger by Monax.
Burrow provides a strongly deterministic, smart contract-focused blockchain design. Burrow
users benefit from an access control layer through the use of smart contracts and Äúsecure
natives-based permission layer.
HYPERLEDGER
BURROW
A modular blockchain client with a permissioned smart contract
interpreter developed in part to the specifications of the
Ethereum Virtual Machine (EVM).
Covered in
Section 6.1
HYPERLEDGER
FABRIC
A platform for building distributed ledger solutions with
a modular architecture that delivers a high degree of
confidentiality, flexibility, resiliency, and scalability. This enables
solutions developed with Fabric to be adapted for any industry.
Covered in
Section 6.2
HYPERLEDGER
INDY
A distributed ledger that provides tools, libraries, and reusable
components purpose-built for decentralized identity.
Covered in
Section 6.3
HYPERLEDGER
IROHA
A blockchain framework designed to be simple and easy to
incorporate into enterprise infrastructure projects.
Covered in
Section 6.4
HYPERLEDGER
SAWTOOTH
A modular platform for building, deploying, and running
distributed ledgers. Sawtooth features a new type of
consensus, proof of elapsed time (PoET) which consumes far
fewer resources than proof of work (PoW).
Covered in
Section 6.5
23. 23
Burrow includes all the following components:
• Consensus engine—Maintains the networking stack between nodes and ordering
transactions to be used by the application engine.
• Application Blockchain Interface (ABCI)—Provides the interface specification for the
consensus engine and application engine to connect.
• Smart contract application engine—Provides developers with a strongly deterministic
smart contract engine for operating complex industrial processes.
• Gateway—Provides programmatic interfaces for system integrations and user interfaces.
To find out more about Hyperledger Burrow, see hyperledger.org/projects/hyperledger-burrow.
6.2 Hyperledger Fabric
Hyperledger Fabric is a platform for building distributed ledger solutions, with a modular
architecture that delivers high degrees of confidentiality, flexibility, resiliency, and scalability.
This enables solutions developed with Fabric to be adapted for any industry.
Fabric allows components, such as consensus and membership services, to be plug-and-
play. It leverages container technology to host smart contracts called “chaincode” that
contain the business rules of the system. And it’s designed to support various pluggable
components, and to accommodate the complexity that exists across the entire economy.
Starting from the premise that there are no “one-size-fits-all’’
solutions, Fabric is an extensible blockchain platform for running
distributed applications. It supports various consensus protocols,
so it can be tailored to different use cases and trust models.
Fabric runs distributed applications written in general-purpose programming languages
without depending on any native cryptocurrency.
This stands in sharp contrast to most other blockchain platforms for running smart contracts, which
either require code to be written in a domain-specific language or else rely on a cryptocurrency.
Furthermore, Fabric uses a portable notion of membership for the permissioned model,
which can be integrated with industry-standard identity management. To support such
flexibility, Fabric takes a novel architectural approach and revamps the way blockchains cope
with non-determinism, resource exhaustion, and performance attacks.
Fabric also can also create channels, which enable a group of participants to create a separate
ledger of transactions. This is especially important for networks where some participants
might be competitors who don’t want every transaction—such as a special price offered to
some but not all—known to every participant in the network. If a group of participants form a
channel, only those participants and no others have copies of the ledger for that channel.
To find out more about Hyperledger Fabric, see hyperledger.org/projects/fabric.
6.3 Hyperledger Indy
Hyperledger Indy is a distributed ledger, purpose-built for decentralized identity. Indy
provides tools, libraries, and reusable components for creating and using independent digital
identities rooted on blockchains or other distributed ledgers.
These identities are interoperable across administrative domains, applications, and any other
organizational silo. That means friends, competitors, and even antagonists can all rely on a
shared source of truth.
Indy answers fundamental questions such as, “Who am I dealing with?” and “How can I verify
any data about the other party in this interaction?” Solid answers to these questions enable
the trusted interactions that enterprises need.
24. 24
KEY FEATURES OF INDY
• Self-sovereignity—Indy stores identity artifacts on a
ledger with distributed ownership. These artifacts can
include public keys, proofs of existence, cryptographic
accumulators that enable revocation, and so on. No one but the true owner can
change or remove an identity.
• Privacy—By default, Indy preserves privacy, since every identity owner can operate
without creating any correlation risk or breadcrumbs.
• Verifiable claims—Identity claims can resemble familiar credentials such as birth
certificates, driver’s licenses, passports, and so on. But these can be combined and
transformed in powerful ways, using zero-knowledge proofs to enable selective
disclosure of only the data required by any particular context.
MANY POWERFUL BENEFITS
This combination of self-sovereignty, privacy, and verifiable claims is extremely powerful.
Consider the many potential benefits.
Bulk troves of sensitive data can vanish or become useless. The economics of hacking can
be transformed, since less personally identifiable information (PII) is held by each business
partner. The competing demands of preserving privacy and meeting regulations can be
satisfied. Individuals and organizations can benefit from richer and more secure interactions.
And the identity ecosystem can gain the innovation and dynamism of a free market.
Despite the advanced cryptography under the hood, Indy’s API is simple and straightforward.
This API includes about 50 C-callable functions, with idiomatic wrappers for many mainstream
programming languages.
To find out more about Hyperledger Indy, see hyperledger.org/projects/hyperledger-indy.
6.4 Hyperledger Iroha
Hyperledger Iroha is a blockchain framework designed to be simple and easy to incorporate
into infrastructure projects that require distributed ledger technology.
Iroha joined Fabric and Sawtooth to become the third distributed ledger platform under
Hyperledger in October, 2016. It was originally developed by Soramitsu in Japan and was
proposed to Hyperledger by Soramitsu, Hitachi, NTT Data, and Colu.
KEY FEATURES OF IROHA:
• A simple structure
• Modern, domain-driven C++ design
• Emphasis on mobile application development
• A new, chain-based Byzantine Fault-Tolerant consensus algorithm, called Sumeragi
Iroha takes a different approach from Fabric and Sawtooth by providing features that are
helpful for creating applications for end users.
To find out more about Hyperledger Iroha, see hyperledger.org/projects/iroha.
25. 25
6.5 Hyperledger Sawtooth
Hyperledger Sawtooth is a modular platform for building, deploying, and running distributed
ledgers. Distributed ledgers provide a digital record (such as asset ownership) that is
maintained without a central authority or implementation. Sawtooth aims to keep distributed
ledgers distributed and to make smart contracts safe for enterprise use. In fitting with this
enterprise focus, Sawtooth is highly modular. This enables enterprises and consortiums to
make decisions about their blockchain applications for themselves.
TECHNICAL INNOVATIONS IN SAWTOOTH
Sawtooth contains several technical innovations, including:
• Dynamic consensus—Going beyond
compile-time pluggable consensus, this
allows a consortium to change consensus
algorithms on a running blockchain simply
by issuing a transaction.
• Proof of elapsed time (PoET)—A consensus algorithm with the scalability of proof of
work but without the drawback of high power consumption.
• Transaction families—A smart contract abstraction that enables users to write smart
contract logic in the language of their choosing.
• Compatability with Ethereum contracts—Transaction families can also integrate
other smart contract interpreters including Hyperledger Burrow’s Ethereum Virtual
Machine. Sawtooth features like permissioning and un-pluggable consensus enable
Ethereum to be configured appropriately for an enterprise.
• Parallel transaction execution—Most blockchains require transactions to be executed
in series to guarantee consistent ordering at each peer. Sawtooth includes an
advanced parallel scheduler that splits blocks into parallel flows. Parallelism allows for
faster block processing to partially address the performance drawback of blockchains
compared to traditional databases.
• Private transactions—Clusters of Sawtooth nodes can be easily deployed with
separate permissioning. This provides privacy and confidentiality among participants of
that distinct chain. No centralized service leak transaction patterns or other confidential
information. However, an intermediary such as Hyperledger Quilt is required to
connect separate chains. In the future, Sawtooth plans to provide additional privacy
and confidentiality features on top of trusted execution environments and/or zero
knowledge primitives.
SAWTOOTH EXTENDS EARLIER DISTRIBUTED LEDGERS
Originally, Sawtooth was designed to explore scalability, security, and privacy questions
prompted by the earliest distributed ledgers. That required a modular design that was lacking
at the time. Starting from scratch enabled the project to draw lessons from those pioneering
systems, and then extend into further use cases that the original currency ledgers weren’t
intended to address.
The consensus model PoET boosts scalability. Transaction families broaden the scope of
smart contracts, while narrowing the potential attack surface. The Sawtooth designers are
also exploring trusted execution environments and the role those can play in private transactions.
26. 26
SAWTOOTH FOR ENTERPRISES
Even when branching into new business cases, certain key features of a distributed ledger
must be preserved. In an enterprise deployment, the distributed ledger must not devolve into
nothing more than a replicated database.
Enterprise participants need autonomy and have the right to run their own nodes. This
interaction, with each member operating nodes in their own self-interest, provides the
integrity of a blockchain.
To realize that integrity, blockchains must meet three challenging requirements:
1. Provide security against malicious actors inside the network
2. Manage a large population
3. Manage a dynamic population
Many consensus algorithms used in conventional replicated databases are not designed to
handle these blockchain requirements.
Sawtooth and PoET are designed for truly decentralized blockchain applications; that
is, applications where there are many participants in the consensus process that are
administratively and physically distributed.
PoET provides security against bad actors and is designed to manage the arrival and
departure of nodes in a large network.
Furthermore, Sawtooth provides on-chain governance to upgrade the consensus and other
business rules the consortium agrees to over the life of the network. This means that a
consortium can change consensus on-the-fly using transactions only.
Users can even start with a constrained consensus and then change to a consensus like PoET
that affords the secure, dynamic, and scalable characteristics required by a production network.
To find out more about Hyperledger Sawtooth, visit hyperledger.org/projects/sawtooth.
27. 27
7 Current Projects: Tools
Hyperledger incubates and promotes a range of business blockchain technologies, including
tools and utility libraries.
The Hyperledger strategy encourages the re-use of common building blocks, enables rapid
innovation of components, and promotes interoperability between projects.
Table 2 sums up all the current Hyperledger blockchain tools in alphabetical order.
The rest of this section sums up each tool briefly, and shows where to find more information.
Table 2: Summary of Hyperledger Tools
7.1 Hyperledger Caliper
Hyperledger Caliper is a blockchain benchmark tool that measures the performance of any
blockchain implementation by using a set of predefined use cases.
Caliper produces reports that show a number of performance indicators, such as:
• Resource utilization
• Transaction latency
• Transactions Per Second (TPS)
• Others to be defined
Until Caliper, there has not been any general tool that provides performance evaluations for
different blockchain solutions, based on a set of neutral and commonly accepted rules.
Caliper will not publish benchmark results. The idea is to use Caliper as an in-house reference to
help choose the blockchain implementation best-suited for a company’s specific needs.
Hyperledger Caliper provides a functioning benchmark tool that can run against many Hyperledger
frameworks. The community will continue to define further performance indicators and
benchmark use cases. The success of the project will depend on many community members
using it as the benchmark tool.
To see more about Hyperledger Caliper, see hyperledger.org/projects/caliper.
HYPERLEDGER
CALIPER
A blockchain benchmark tool that measures the performance of
any blockchain by using a set of predefined use cases.
Covered in
Section 7.1
HYPERLEDGER
CELLO
A set of tools to bring the on-demand deployment model to the
blockchain ecosystem with automated ways to provision and
manage blockchain operations that reduce effort.
Covered in
Section 7.2
HYPERLEDGER
COMPOSER
An open development toolset and framework to make
developing blockchain applications easier.
Covered in
Section 7.3
HYPERLEDGER
EXPLORER
A dashboard for viewing information on the network, including
blocks, node logs, statistics, smart contracts, and transactions.
Covered in
Section 7.4
HYPERLEDGER
QUILT
A set of tools that offer interoperability by implementing ILP,
which is primarily a payments protocol designed to transfer
value across distributed and non-distributed ledgers.
Covered in
Section 7.5
28. 28
7.2 Hyperledger Cello
Hyperledger Cello is a blockchain module toolkit that aims to bring the on-demand
deployment model to the blockchain ecosystem. The goal is to help enterprises quickly and
easily adopt blockchain technologies, by providing automated ways to create, manage, and
terminate blockchains.
Cello provides an efficient and automated multi-tenant
chain service on top of various infrastructures, including
bare metal, virtual machines, cloud platforms like Amazon
Web Services (AWS), and container platforms like Docker
Swarm and Kubernetes. All in all, this helps boost the efficiency of “Blockchain as a Service (BaaS).”
Cello also provides a real-time dashboard where users can:
• View the status of the blockchain system
• See statistics such as blockchain events, chaincode performance, and system utilization
• Manage blockchains by creating, configuring, and deleting them
• Manage chaincode by deploying and uploading private chaincode
Hyperledger Cello currently supports Hyperledger Fabric as the main blockchain implementation.
The project plans to support Hyperledger Sawtooth and other types of blockchains.
The architecture follows the micro-service style, with pluggable implementations for most
components. The main programming languages used are Python and JavaScript.
To find out more about Cello, see hyperledger.org/projects/cello.
7.3 Hyperledger Composer
Hyperledger Composer is an open development toolset to make it simple and fast to create
smart contracts and blockchain applications to solve business problems. The main goal is to
make it easier to integrate blockchain applications with existing business systems, and thus
accelerate time-to-value.
Composer can help develop use cases and deploy
a blockchain solution in weeks, rather than months.
Composer also enables users to quickly model an
existing business network, and integrate existing
systems and data with blockchain applications. A network can contain assets—such as
tangible or intangible goods, services, or property—and transactions related to them. As part
of the model, users can define how transactions can interact with assets.
Business networks include the participants who interact with them. And each participant can
be associated with a unique identity across several different business networks.
Hyperledger Composer supports the existing Hyperledger Fabric blockchain infrastructure
and runtime. Since Fabric supports pluggable consensus protocols, this ensures that
transactions can be validated according to the appropriate policy of the network participants.
To find out more about Hyperledger Composer, see hyperledger.org/projects/composer.
7.4 Hyperledger Explorer
Hyperledger Explorer provides a dashboard for viewing information about blocks, node
logs, statistics, smart contracts, transactions, and any other information stored in the
blockchain. Users can query for specific blocks or transactions to view the complete details.
Explorer can be integrated with any authentication or authorization platforms, either
commercial or open source, to provide the functions appropriate to a user’s privileges.
29. 29
The goals of the Explorer project include:
• To create a generic web-based blockchain
explorer that’s easy to install and use with
different blockchain platforms
• To use the latest tools and technologies to make Explorer easy to implement, maintain,
and extend
• To support the standard package managers on most popular platforms to ensure the
Explorer is quick and easy to install
Hyperledger Explorer currently supports the Hyperledger Fabric framework.
To find out more about Hyperledger Explorer, see hyperledger.org/projects/explorer.
7.5 Hyperledger Quilt
Hyperledger Quilt offers interoperability between ledger systems by implementing the
Interledger Protocol (ILP) in Java. ILP is a simple, open source protocol that establishes a
global namespace for accounts to help make transactions across ledgers.
MORE ABOUT THE ILP
Payment networks today are siloed and disconnected.
While payments are relatively easy within one country, or if
both the sender and recipient have accounts on the same
network or ledger, sending from one system or ledger to
another is often impossible. Where connections do exist,
they are manual, slow, or expensive.
The ILP is based on concepts dating back to the 1970s. It took the advent of Bitcoin and the
global blockchain movement to make the world realize that money and value transfers could
be reinvented with Internet-based technologies. With ILP, money and other forms of value
can be packetized, routed, and delivered over payment networks and ledgers.
ILP is a payments protocol designed to transfer value across both distributed and non-
distributed ledgers. This provides for routing payments across different digital asset ledgers,
while isolating senders and receivers from the risk of intermediary failures. Secure multi-hop
payments and automatic routing enable a global network of networks for different types of
value that can connect any sender with any receiver.
AN INTEROPERABILITY SOLUTION
Hyperledger Quilt is an enterprise-grade implementation of the ILP protocol, developed in
Java. Quilt provides libraries and reference implementations of the core Interledger components.
The idea is that Quilt will become a ledger interoperability solution for Hyperledger projects.
This will enable the distributed ledger solutions from Hyperledger members, the private
ledgers from financial institutions, the wallets from IoT companies, and supply chain systems
to connect with one another to perform distributed atomic transactions.
By implementing the ILP, Quilt provides:
• A set of rules for enabling ledger interoperability with basic escrow semantics
• A standard for a ledger-independent address format and data packet
• A framework for designing higher-level protocols for specific use cases
To find out more about ILP, visit interledger.org/rfcs/0003-interledger-protocol/.
To see more about Hyperledger Quilt, visit hyperledger.org/projects/quilt.
30. 30
8 Long-Term Vision
We live in a highly interconnected world. In the future, the world will no doubt become even
more closely tied together. In both our business and personal lives, more data, more digital
content, more communication, and more sharing will be the norm. All this will require careful
management of our security, privacy, and trust.
A common problem, and a sensible solution
We expect to see a common problem: Many people will want to share data in a distributed
database, but no single owner will be trusted by every user.
The solution is distributed ledger technology (DLT). As data sharing increases, we expect
blockchain technology and DLT to become more and more common.
But reaching widespread use of distributed ledgers will not be simple. For instance, gaining
security and privacy with a blockchain often means sacrificing performance. This suggests
that we’ll need a variety of different blockchains that can all communicate and interact
seamlessly. No one blockchain will work best for all applications.
The long-term vision for Hyperledger is driven by two main concerns: that the architecture
must be modular and interoperable.
Interchangeable modules
We hope that eventually Hyperledger consists of many modules that can be assembled
into a cohesive, functional, and secure distributed ledger. All these modules will ideally be
interchangeable with other modules of the same type. All these modules will ideally be able
to communicate with other modules of the same or different types. And ideally, even a non-
expert will be able to use them to set up a secure, interoperable blockchain quickly, easily,
and efficiently.
Many blockchains that work together
We want to specifically point out that we do not believe any Hyperledger blockchain should
be the “one distributed ledger to rule them all.’’ The Hyperledger community sees merit in
many different blockchains. We hope that other developers consider interoperability with
Hyperledger projects.
Not a single stack, but a collection of tools
The goal for Hyperledger is not to become a single software stack. Instead, we want to
create a collection of tools built with modularity and interoperability in mind. Then, any
individual can use one, some, or all of the Hyperledger projects to create a distributed ledger
to suit their needs.
In the future, we hope that Hyperledger can solve most of the common problems in the
distributed ledger space. This will require a good community of developers, strong support
from business and industry, and solid design principles. As shown in this paper, we have
structured Hyperledger with all these in mind.
31. 31
9 Conclusions
In this paper, we explained the rationale behind the creation of Hyperledger and our goals
for the project. We outlined why we think an open source greenhouse structure seems to
be the optimal governing arrangement for a general blockchain consortium. We showcased
some of the many use cases that inspired our members to join and work on Hyperledger.
We described some of the features required to build effective blockchains for some of these
use cases. And we briefly summed up all the Hyperledger projects and where they stand at
publication date.
We hope reading this paper is just the beginning of the Hyperledger experience for you.
We know there’s a lot of work left to be done. We realize that Hyperledger will probably always
be a work-in-progress. But—perhaps with your help—we can all work together to build secure,
efficient, and reliable blockchain solutions that make a difference to everyone’s future.
Introductory sources on blockchain
Blockchain Basics: Glossary and use cases. IBM developer-Works. Updated August 21,
2017. A solid explanation of blockchain terms aimed at developers new to the space.
Blockchain Basics: A Non-Technical Introduction in 25 Steps. Daniel Drescher. Apress.
March 2017. Explains blockchain concepts with analogies, metaphors, and pictures, not
mathematical formulas or program code.
Blockchain Revolution: How the Technology Behind Bitcoin Is Changing Money, Business,
and the World. Don Tapscott and Alan Tapscott. Portfolio—Penguin. May 2016. Less about
the technology and more about the implications of blockchain for business. The authors also
have basic videos available on YouTube.
Blockchain Technology Overview. National Institute of Standards and Technology, U.S. Department
of Commerce. January 2018. One of the best introductions to blockchain we have seen,
written in plain English while maintaining nuances. Includes glossary of terms and acronyms.
Further resources from Hyperledger
We encourage you to use the Hyperledger resources to find more information on any blockchain-
related topics you find interesting. Here are some further resources to get you started.
The Hyperledger Vision is a slide deck that sums up some blockchain 101-type information
and the founding vision for Hyperledger, available at hyperledger.org/resources/publications.
The Hyperledger Wiki contains a wealth of technical information, available at
wiki.hyperledger.org/start.
You can find further information on each of the current Hyperledger frameworks at these links:
• Burrow—hyperledger.org/projects/hyperledger-burrow
• Fabric—hyperledger.org/projects/fabric
• Iroha—hyperledger.org/projects/iroha
• Indy—hyperledger.org/projects/hyperledger-indy
• Sawtooth—hyperledger.org/projects/sawtooth
You can find further information on each of the current Hyperledger tools at these links:
• Caliper—hyperledger.org/projects/caliper
• Cello—hyperledger.org/projects/cello
• Composer—hyperledger.org/projects/composer
32. 32
• Explorer—hyperledger.org/projects/explorer
• Quilt—hyperledger.org/projects/quilt
The Hyperledger Working Groups have many great technical resources, and are open to
anyone with an interest in their subjects. For example, the Architecture Working Group has
substantial documentation on the fundamentals of permissioned blockchain. If you’re looking
to explore technical details, that group is a great resource.
The application-specific working groups are also great places to learn. For instance, the
Identity Working Group has spent a lot of time discussing and documenting how blockchain
can enable identity solutions.
33. 33
Notes
1. Don Tapscott and Alan Tapscott. Blockchain Revolution: How the Technology Behind
Bitcoin Is Changing Money, Business, and the World. Portfolio-Penguin. 2016. p9
2. 2017 State of Linux Kernel Development.
linuxfoundation.org/2017-linux-kernel-report-landing-page/
3. April 2018 Web Server Survey. Netcraft.
news.netcraft.com/archives/2018/04/26/april-2018-web-server-survey.html
4. The 10th Annual Future of Open Source Survey. North Bridge and Black Duck
Software. 2016. blackducksoftware.com/2016-future-of-open-source
5. Note that the counterparty risk arising between concluding and settling a trade,
typically two or three days, can be reduced if the counterparties have agreed on
bilateral margining or if the transactions are cleared through a clearing house.
6. The usefulness of blockchain for post-trade settlement may be limited, since near real-
time settlement may eliminate the netting benefits (position offsetting) of end-of-day
processing.
7. Food and Agriculture Organization, United Nations. 2016. The State of World
Fisheries and Aquaculture 2016. fao.org/3/a-i5555e.pdf
8. Stolen Seafood: The Impact of Pirate Fishing on Our Oceans. Oceana. 2013.
oceana.org/sites/default/files/reports/Oceana_StolenSeafood.pdf
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