Hyperledger (Hyperledger Foundation)
Hyperledger (Hyperledger Foundation) Key Points
- Hyperledger is an open-source project hosted by the Linux Foundation.
- The goal of Hyperledger is to advance cross-industry collaboration by developing blockchains and distributed ledgers.
- Hyperledger does not support cryptocurrencies and does not represent a traditional blockchain system.
- It comprises a collection of modular blockchain frameworks and tools, which businesses can use to create private, permissioned blockchain networks.
- Well-known projects under Hyperledger include Hyperledger Fabric, Hyperledger Sawtooth, and Hyperledger Besu.
Hyperledger (Hyperledger Foundation) Definition
Hyperledger, hosted by the Linux Foundation, is an umbrella project of open-source blockchains and related tools. It aims to encourage the collaborative development of blockchain-based distributed ledgers. Unlike traditional blockchain systems, Hyperledger does not support cryptocurrencies, focusing instead on the development of private, permissioned business blockchains.
What is Hyperledger (Hyperledger Foundation)?
Hyperledger is a collaborative project that develops and promotes a suite of open-source blockchain technologies designed for use in enterprise contexts.
These technologies range from blockchain frameworks to libraries and tools, which organizations can leverage to build and manage robust, industry-specific blockchain applications and solutions.
Who is behind Hyperledger (Hyperledger Foundation)?
The Hyperledger project is hosted by the Linux Foundation and is backed by leading companies across different industries such as IBM, Intel, and SAP.
The project is governed by a Technical Steering Committee (TSC) which consists of community-elected developers.
When was Hyperledger (Hyperledger Foundation) established?
The Hyperledger project was announced in December 2015 and formally launched by the Linux Foundation in February 2016.
Since then, it has grown to include various projects and contributors from enterprises around the world.
Where is Hyperledger (Hyperledger Foundation) used?
Hyperledger frameworks and tools are used globally across various industries.
These include finance, healthcare, supply chain, and many others where distributed ledger technologies can drive transparency, enhance security, and streamline processes.
Why is Hyperledger (Hyperledger Foundation) important?
Hyperledger is crucial because it provides an open-source, neutral platform for developing blockchain technology that can be tailored to various use cases.
By encouraging cross-industry collaboration, Hyperledger helps facilitate the adoption and advancement of blockchain technology.
How does Hyperledger (Hyperledger Foundation) work?
Hyperledger operates by providing a variety of blockchain frameworks, tools, and libraries that businesses can use to develop their own applications.
These tools are modular, meaning businesses can pick and choose the components that best suit their needs.
Applications developed with Hyperledger can be permissioned, meaning that the participants are known to each other, as opposed to anonymous public blockchains.
This makes Hyperledger particularly suitable for enterprises where privacy and confidentiality are key concerns.