#Blogger Sawtooth Hyperledger: blockchain solutions for businesses Blockchain

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Sawtooth Hyperledger: blockchain solutions for businesses

Hyperledger Foundation launchers Hyperledger Sawtooth, a new blockchain development platform. It is aimed initially at companies that want to develop their own blockchain applications.

Sawtooth Hyperledger: blockchain solutions for businesses

With Hyperledger Sawtooth, developers want to give businesses a way to develop their own blockchain applications. For these they provide a kind of framework, which developers can access. To relate the platform, the application domain is separated from the core system. This allows developers to program the applications in their own language without having to know the main chain. Hyperledger Sawtooth is modular in design. Sawtooth's design allows you to choose the rules for transactions, smart contracts, and consensus algorithms and customize them for your own needs. The platform offers a variety of examples of transactions that developers can use as models. Available languages ​​include Python, JavaScript, Go, C ++, Java, and Rust. Since there is no centralized service, transaction patterns or other confidential information should not be able to go outside. In addition, the developers want to make the parallel execution of transactions possible with this outsourcing.

Sawtooth uses alternative consensus mechanism

As a consensus mechanism, Sawtooth works with the Proof of Elapsed Time, which is based on the proof of work. It should work by taking advantage of the scaling capabilities of the proof of work while changing the algorithm so that the process uses less energy. Hyperledger Sawtooth returns to the basic capabilities of hyperledgers. With their help, users can construct transactions, track information in the supply chain, and exchange goods. As application areas the developers lead finances, the health system as well as supply chains. For supply chains, the use of Iot sensors should make it possible to track the entire delivery path. The object in question is there before equipped with a sensor to later trace the route from the starting point to the transport, ownership and other parameters. This application would be conceivable, for example, in the fish trade or in the medical sector - depending on the taste of the proportional companies. from Blogger http://ift.tt/2E1nQYn via IFTTT