#hyperledger iroha

[mrpositivensk]

Do you want to be a part of the next digital revolution, the internet of ownership known as Web3?

Take the first step and gain some practical experience contributing to Hyperledger Iroha, the blockchain technology used by pioneering CBDC, identity solutions, and telecom providers. Start here: https://www.iroha.tech/contribute

[ekremdum-blog]

Hyperledger Iroha Powers Secure, Scalable Enterprise Solutions

In the bustling heart of Tokyo, a healthcare startup named MedChain faced a daunting challenge: patients’ medical records were scattered across hospitals, clinics, and insurance providers, leading to misdiagnoses and inefficiencies. The team, led by CEO Aiko Tanaka, needed a solution that could securely connect these fragmented systems. That’s when they discovered Hyperledger Iroha, a blockchain…

[soramitsu8years]

Bank of Papua New Guinea, Japan’s METI, and Soramitsu Complete CBDC Proof of Concept in Port Moresby

→ Today, the Bank of Papua New Guinea, in collaboration with Soramitsu and Japan’s Ministry of Economy, Trade and Industry (METI), marked the successful completion of the Digital Kina Proof of Concept (PoC) for the country’s Central Bank Digital Currency (CBDC), with a ceremony held at the Papua New Guinea Hilton Hotel in Port Moresby.

The event brought together leaders and representatives from Papua New Guinea and Japan, including Elizabeth Genia, Governor of the Bank of Papua New Guinea; Hisanobu Mochizuki, Japanese Ambassador to Papua New Guinea; officials from the Japanese Cabinet Secretariat; and the Japanese fintech corporation Soramitsu. The agenda included opening remarks, technical presentations on the Digital Kina system, and discussions about its potential impact on financial inclusion in Papua New Guinea.

"The rationale for the Proof-of-Concept study stems from the rapid advancements in digital financial technologies globally, which have opened up opportunities to enhance payment systems and improve financial inclusion. Many Central Banks around the world are exploring digital currencies to meet the evolving needs of the communities we serve," said Governor Elizabeth Genia during her remarks at the ceremony.

Event highlights:

George Awap, Assistant Governor of the Bank of Papua New Guinea, introduced the project and its significance to financial development.

Hisanobu Mochizuki, Japanese Ambassador to Papua New Guinea; Nobuhisa Nishigata, Counsellor of the Cabinet Secretariat of Japan; and Hideaki Matsuoka, Chief Representative of the Papua New Guinea Office of the Japan International Corporation Agency, shared their perspectives on the collaboration as representatives of the Japanese government.

Dr. Makoto Takemiya, Group CEO of Soramitsu, and Takayuki Himeno, Mitsubishi Research Institute, presented the technological framework of the Digital Kina system, followed by a Q&A session with attendees.

George Awap, Hideaki Matsuoka, Nobuhisa Nishigata, Elizabeth Genia, Hisanobu Mochizuki, Makoto Takemiya, Takayuki Himeno, and Taketoshi Mori pose for a commemorative photo after the ceremony.

The Digital Kina PoC leverages Soramitsu’s cutting-edge technology, which is used in the SORA v3 Hub Chain, a global platform powered by the open-source Hyperledger Iroha 2 blockchain. This breakthrough initiative demonstrates how blockchain can address Papua New Guinea’s most urgent financial challenges, including limited banking access, security vulnerabilities, and underdeveloped financial infrastructure

Kazumasa Miyazawa

President of Soramitsu Japan

“Soramitsu is dedicated to modernizing and advancing Papua New Guinea’s financial system while fostering the development of a digital economy. With the support of the Japanese government, we aim to leverage cutting-edge blockchain technology, proven in various countries, to make a meaningful contribution to this mission.”

The PoC required a secure, round-the-clock payment infrastructure that supports instant settlement and cross-border transactions. Using SORA v3 Hub Chain, the Bank of Papua New Guinea and local businesses in Port Moresby conducted real-time payments and individual remittances via a user-friendly mobile app. The platform’s enhanced security features—such as the ability to recover funds in cases of theft or loss—were also tested successfully in partnership with the Bank of Papua New Guinea.

“The Digital Kina PoC with the Bank of Papua New Guinea represents the latest technology we have been working on for the last five years. We are excited to see how this project can bring modern financial solutions for the people of Papua New Guinea that will improve their lives and empower them with greater control over their money.”

Dr Makoto Takemiya

Group CEO and Co-Founder of Soramitsu

Moving forward, the Bank of Papua New Guinea will expand testing with a broader user base to refine the system and gather additional feedback. This will pave the way for a broader rollout in the near future. This next phase will optimize the platform’s speed, security, and regulatory compliance features, bringing Papua New Guinea closer to a more inclusive and resilient financial future.

George Awap

Assistant Governor of the Bank of Papua New Guinea

“Today’s ceremony is a testament to what can be achieved when innovative ideas meet practical execution. The Digital Kina CBDC Proof of Concept is a glimpse into how we can reshape financial interactions in Papua New Guinea. By addressing long-standing challenges, we’re setting the stage for a system that reflects the resilience of our people.”

About Soramitsu

soramitsu.co.jp

Soramitsu is an award-winning global financial technology company with expertise in developing blockchain-based solutions for digital asset and identity management. Our mission is to use blockchain to promote innovation and solve pressing societal challenges.

Utilising blockchain, Soramitsu has developed a digital currency infrastructure backbone for the National Bank of Cambodia, CBDC Proof-of-Concepts with the Bank of the Lao PDR, the Central Bank of Solomon Islands and the Bank of Papua New Guinea, a blockchain-based digital savings bond system Palau Invest in collaboration with the Government of Palau, a closed-loop payment system for the University of Aizu in Japan, an identity verification system prototype for Bank Central Asia in Indonesia, shortlisted in the Monetary Authority of Singapore CBDC Challenge, participated in Asia-Pacific's first proof-of-concept test of a cross-border multi-currency security settlement system using distributed ledger technology with the Asian Development Bank, and in collaboration with the Risk Assurance Group and Orillion Solutions developed the technology core of the Fraud Intelligence Blockchain.

Soramitsu is a contributor to many open source projects, such as Klaytn (now Kaia), South Korea's leading Layer-1 blockchain; Zenswap, a cross-chain liquidity platform being developed by Soramitsu as a joint venture with Analog; the SORA crypto-economic system; the Polkaswap DEX; and the DeFi wallet, Fearless Wallet. Soramitsu also collaborated with Filecoin to develop FUHON, a C++ implementation of their protocol; and with the Web3 Foundation to develop KAGOME, the C++ Polkadot Host implementation. In addition, Soramitsu is the developer of and major contributor to the open-source blockchain platform Hyperledger Iroha, a project of Hyperledger Foundation, now part of the LF Decentralized Trust, tailored for enterprise and public-sector use. As founding contributors to the Hyperledger Project, Soramitsu is building the digital infrastructure of the future.

Based on these experiences, Soramitsu continues to deploy cutting-edge technology on a global scale in order to expedite financial inclusion and health, mitigate economic inefficiencies, and contribute to the fulfilment of the Sustainable Development Goals.

[jayasuriyan]

WHAT IS A PRIVATE BLOCKCHAIN AND WHY IS IT NEEDED?

Many people associate blockchain technology with Bitcoin, but this is not a completely correct association. Bitcoin is just one of many projects that have gained popularity due to the insane rise in its value. However, in fact, behind all this popularity lies a unique technology.

What is blockchain? Blockchain is a distributed ledger technology - a chain of blocks with a specific set of data that records information about each transaction. Blockchain allows you to transfer information faster, more reliably and cheaper. Depending on the level of access, it can be divided into two groups: public and private.

In this article, we will explain what a private blockchain is and what is the difference between private and public blockchains. Read on to find out how it all works.

What is a private blockchain?

A private blockchain is a network to which access belongs to one person or authorized body. Private (also often called controlled) blockchains are technological solutions in which each participant has a predetermined level of access. Data uploaded to a private blockchain cannot be viewed.

Private blockchains do not fully implement the core principles of blockchain (decentralization of technology and equality of participants), as this can lead to significant risks for enterprise systems.

Examples of private blockchains

The most common example of a private blockchain that can be used in various projects and industries is the Hyperledger platform.

Hyperledger is an open source project from the Linux Foundation aimed at developing a number of blockchain business platforms, including Fabric from IBM, Sawtooth from Intel, Iroha, Indy and others. Based on them, you can create your own blockchain . Hyperledger provides a foundation and a set of interoperable tools for further development and customization.

Opportunities of private blockchains

There are several key features of a private blockchain that you need to know about:

Private blockchain ensures complete confidentiality. Only authorized persons have access to the network in a private blockchain. A potential user must obtain permission before accessing any data or participating in the process.

Private blockchain has high performance. Since the number of participants is limited, consensus can be reached by a small number of validators, which means private blockchains are much faster and can scale easily.

There is no anonymity in a private blockchain system. Users are known to the administrator; they provide documents and other information to verify their identity.

Why and when to use a private blockchain?

Private blockchains can be used in many areas, from accounting to agriculture. They can help save time and money by automating transactions between different organizations.

Why do companies choose private blockchain?

Increased trust: By implementing a private blockchain, companies can track the origin of counterfeit products and recall them in a timely manner.

Immutability: Once the information is recorded, no one can edit or change it, since the blockchain concept implies immutability. This prevents data corruption and reduces the risk of fraud.

Efficiency: Private blockchain speeds up various transactions. High data processing speed is a factor influencing the overall efficiency of the company.

In what areas are private blockchain systems most effective?

Insurance

Blockchain consulting systems provide direct communication between policyholders and insurers. This helps avoid the use of unreliable third party systems and time-consuming and costly manual claims administration processes.

Banking and finance

Every financial transaction involves many parties, each using their own internal decisions. Banks can use blockchain to collaborate on one transaction tracking system, which helps speed up the process.

Healthcare

Blockchain is a great idea for storing and managing electronic health records that contain patient health information. Blockchain-based healthcare solutions make these records easily accessible, ensure data security, and help streamline medical reporting.

Supply chain

Blockchain technology allows companies to track every component of a product, determine its authenticity, and prevent counterfeits from entering the supply chain. In this way, blockchain makes supply chains faster, more open, and more reliable.

Companies using private blockchains

Here are some examples of successful implementations of private blockchain technologies:

American multinational retail company Walmart uses a private blockchain food tracking system based on Hyperledger Fabric from IBM. This allows the company to track the origin of the product and the entire chain of its production in a matter of seconds.

Streaming service Spotify has acquired blockchain startup Mediachain to create a secure environment for protecting copyrights and paying musicians.

DHL and Accenture have launched a blockchain tracking and traceability system for the pharmaceutical industry that documents every step, from production to purchase, using unique serial numbers assigned to products.

How does a private blockchain network work?

Private and public blockchains function in a similar way.

Every computer on the network must confirm every transaction on the chain. Transactions are processed in blocks, which can contain several thousand records. When a block is full, it is closed, signed, and transferred to a new block as a unique hash. Thus, each block is connected to the previous block. This structure ensures that a transaction cannot be canceled or modified.

However, private blockchains have features that distinguish them from public ones, and here are some of them:

A private blockchain has full or partial centralization. Management in such blockchains is carried out using special nodes with elevated powers. They are responsible for the data distribution policy and user identification, and also certify the entry of data into the blockchain.

In private blockchains, only authorized participants can record information. Access to information can be general or limited, depending on the system.

The operating mechanism and access policy of a private blockchain system depend on specific protocols.

The private network operator has the right to cancel, edit or delete records in the blockchain.

Public vs private blockchain

The idea that private and public blockchains are rivals is widely held. This is wrong. It's just important to understand the difference between the two to make a decision for your project. Let's take a quick look at the main advantages and disadvantages of each solution.

Public blockchain

Advantages:

Safety: The more people working on a network, the more difficult it is to attack, since all elements of the chain are interconnected. It is almost impossible for attackers to take control of the entire network.

Low operating costs: The effectiveness of the public network is “controlled” by the entire community - developers, users, service providers and miners, who ensure the integrity of the network and the comfort of working in it. Therefore, the system allows you to create decentralized applications with minimal maintenance costs.

Powerful network effect: In such an environment, it is easy for a developer to gather a large user base around his application, since users of some applications in the system quickly learn about others that have just been created.

Private blockchain

Advantages

Confidentiality:  A private blockchain provides better privacy because access to the network is controlled and the data is often not even readable.

Speed: Private blockchains have far fewer participants, so the network takes less time to reach consensus.

Efficiency: Fast transaction processing improves business efficiency.

Scalability: Private blockchains can increase the number of transactions without slowing down.

Low transaction costs: Transactions on private networks are verified by trusted and powerful nodes, rather than by tens of thousands of user devices, as in public networks.

Confidence: The fact that the identity and role of each participant is not anonymous forces users to behave in accordance with established rules (or be held accountable according to the policies of the blockchain owner).

Conclusion

Data distribution using blockchain technology reduces the impact of human error, makes operations more transparent and increases data security. In addition, blockchain opens up new possibilities for a wide variety of processes and can replace many intermediaries.

Blockchain can be divided into two main groups - public and private. The principle of operation of both systems is the same, but the main difference is that the private blockchain is less decentralized and not anonymous.

Despite this, both public and private blockchains are in demand in different areas.Each of them has benefits and drawbacks of its own. Therefore, when integrating blockchain technology into your project, it is important to ensure that you have an experienced team that can make the right decision. If such specialists are not available, you can consider hiring blockchain developers on a permanent basis or through outstaffing.

[thecryptoreport]

Cambodia Plots a Dollar-Free Future With Blockchain-Based Payments: White Paper

Cambodia Plots a Dollar-Free Future With Blockchain-Based Payments: White Paper

The National Bank of Cambodia revealed the technical details of its upcoming blockchain-based payments system dubbed ‘Project Bakong’ this week.

The central bank, which has been building Project Bakong since 2017, views its quasi-digital currency project as a high-tech revampof the Khmer Riel, Cambodia’s official currency but hardly its de facto cash choice, as locals have favored the U.S.…

[metaverseblock]

Hyperledger Foundation deploy new versions of three blockchain tools to enhance ecosystem

Enterprise blockchain firm Hyperledger Foundation has announced the development and release of three roadmap projects: Cactus 1.0, FireFly 1.0 and a preview version of Iroha 2.0's long term support (LTS).

这三种技术工具的部署预计将在区块链、Web3和分散式应用程序���dApps）等领域帮助消费者和企业。 #blockchain #區塊鏈 #metaverse

[mlmtamilnadu]

HyperLedger Development Company- MLM Software Tamilnadu

Hyperledger is an advanced blockchain technology that has the potential to bring enormous advantages to all industry sectors. It is not a company nor a cryptocurrency and also not a blockchain.we deliver the best hyperledger blockchain services to improve your business transaction cycle and security.

We are specialized in developing unique smart contract application that matches your business needs and our blockchain professionals are multi-talented to handle tools and technologies like Hyperledger fabric, Hyperledger sawtooth, Hyperledger iroha, Hyperledger indy, Hyperledger caliper, Hyperledger Quilt, Hyperledger Explorer, etc.

Why Hyperledger?

Hyperledger is an umbrella of open source projects and community for Enterprise level blockchain system. It is maintained by the Linux Foundation and a huge community of the best developers in the Blockchain ecosystem.

The major benefits of using Hyperledger as your choice for blockchain is that it gives you the flexbility for implementing your own business logic, It’s also got options to set your blockchain as permissable or private and with or without Tokens. The speeds of transactions are in millions per second compared to thousands in Ethereum.

Areas of Expertise in Hyperledger Development:

Hyperledger Burrow:

Burrow is blockchain node which executes smart contracts in permissioned network and is build for multi-chain universe.The main advantages is its application specific optimization.

Hype ledger Caliper:

Caliper is Hyperledger’s benchmark engine; it calculates the TPS (Transactions Per Second), transaction latency, resource utilisation, etc. of a blockchain and produces reports.

Hyperledger Cello:

Cello enables Blockchain as a Service (BaaS). It can be used to provision customizable blockchain frameworks such as Fabric from scratch and maintain them from a dashboard.

Hyperledger Composer:

Composer is tool which helps business owners and developers get started with smart contract and blockchain applications using the Hyperledger Fabric framework.

Hyperledger Explorer:

Explorer is a browser to peek into transactions of a Hyperledger blockchain. It can be used to query transactions and network statistics like name, status, list of nodes.

Hyperledger Fabric:

Fabric framework can be set up as a permissioned or private network where the users get to choose the consensus algorithm. It the CFT or BFT algorithm for Fault tolerance and can include currency as token using chain code.

Hyperledger Indy:

Indy is a distributed ledger for Identity management based on the RBFT algorithm. It is the brainchild of Sovrin Foundation and is based on data minimization.

Hyperledger Iroha:

Iroha is a simple, modern, c++ driven blockchain platform for management of assets namely user accounts, currencies, patents, etc. It uses a variation of BFT consensus algorithm called Sumeragi known for high degree of Tolerance.

Hyperledger Quilt:

Quilt is used for Interoperability between blockchain using Interledger Protocol (ILP) for transactions, which provides atomic timeswaps.

Hyperledger Sawtooth:

Sawtooth is a permissioned framework which uses the proof of elapsed time (PoET) as the consensus algorithm. It has stricter rules for smart contract and consensus. Highlights of sawtooth are its ability to have parallel transactions and truly distributed ledgers.

Features of Hyperledger Blockchain:

Transparency

Longevity

Collaboration

Community

Security

Scalability

Thanks for reading our Content. To know more about our Services, kindly Visit our Website:

MLM Software Tamilnadu

www.mlmsoftwaretamilnadu.in/

26, 49th Avenue, Ashok nagar,

Chennai – 600083

Phone no : 9840566115

[wikidlt-blog]

With Blockchain projects already completed successfully in the space of Trade finance, Digital exchange and Asset management, the blockchain development stack of WikiDLT include prominent blockchain platforms such as Corda and Hyperledger. Our team of certified r3 Corda blockchain developers possess rich expertise in the decentralised blockchain application development on the r3 Corda blockchain platform. Our team is also highly proficient in leveraging Hyperledger tools such as Hyperledger Fabric, Hyperledger Indy, Hyperledger Iroha, Hyperledger Sawtooth and Hyperledger Besu.

[bitsnblocks]

Learning Basics of Hyperledger Project from Linux

Learning Basics of Hyperledger Project from Linux

Hyperledger is one of the most popular Linux projects. It is an open source collaborative project for cross industry blockchain technologies. The Hyperledger project is to bring together independent efforts in developing protocols and standards. It is providing modular framework, that supports different components for different users. This include different blockchains with their consensus and…

[thepause]

Hyperledger Iroha: the Fast Path to DLT | Consensus 2019 Soramitsu's Ales Zivkovic speaks at Consensus 2019.

[mitzikernan]

What is Hyperledger?

Welcome to the fascinating world of Hyperledger, where blockchain technology is revolutionizing the way we conduct business transactions. Have you ever wondered how transactions can become more secure, transparent, and efficient? Well, Hyperledger has the answer! Developed as an open-source project by the Linux Foundation, Hyperledger provides a suite of blockchain frameworks and tools that are transforming the way businesses operate. At its core, Hyperledger leverages the power of blockchain, a decentralized and transparent ledger system that eliminates the need for intermediaries in transactions. With Hyperledger, organizations can create private or consortium networks, where known entities can securely and collaboratively engage in transactions. By harnessing the potential of blockchain technology, Hyperledger ensures that transactions are verified, recorded, and accessible only to authorized participants, eliminating the need for intermediaries and enhancing trust among parties. Hyperledger offers a range of frameworks tailored to meet the specific requirements of various industries. Whether it's Hyperledger Fabric, which provides modular architecture and smart contract execution, or Hyperledger Sawtooth, emphasizing simplicity and scalability, there's a framework to suit every business need. These frameworks, along with others like Hyperledger Iroha, Indy, and Besu, empower businesses to build enterprise-grade blockchain applications, unlocking new levels of efficiency, transparency, and security. Ready to delve deeper into the world of Hyperledger and explore how it can transform your business transactions? Join me as we embark on an exciting journey to understand the intricacies of Hyperledger frameworks, their use cases across industries, and the future of blockchain technology. By the end of this blog, you'll have a comprehensive understanding of Hyperledger and be ready to embrace the blockchain revolution in your own business. So, let's dive in and discover the incredible potential of Hyperledger together! Understanding Blockchain Before diving into the world of Hyperledger, let's take a moment to understand the basic principles of blockchain technology. At its core, blockchain is a decentralized, immutable, and transparent ledger that records transactions across multiple computers, known as nodes. Each transaction is stored in a block, which is linked to the previous block, creating a chain of blocks, hence the name "blockchain." This distributed nature of blockchain eliminates the need for intermediaries, such as banks or third-party institutions, to verify transactions. Instead, the consensus mechanism ensures that all participants agree on the validity of the transactions, promoting trust and security. Introducing Hyperledger Hyperledger, an open-source project hosted by the Linux Foundation, aims to advance cross-industry blockchain technologies by fostering collaboration and innovation. It provides a suite of blockchain frameworks, libraries, and tools that facilitate the development of enterprise-grade blockchain applications. Unlike public blockchains like Bitcoin or Ethereum, Hyperledger is designed for private or consortium networks, where participants are known entities. Hyperledger Frameworks and Projects Hyperledger encompasses various frameworks and projects, each tailored to meet specific business requirements. Let's explore some of the most notable ones: Hyperledger Fabric Hyperledger Fabric is one of the flagship frameworks of the Hyperledger project. It offers a modular and flexible architecture, making it suitable for a wide range of industry use cases. Fabric supports permissioned networks, where only authorized participants can access and verify transactions. Key features of Hyperledger Fabric include: - Private transactions: Fabric enables selective data sharing, ensuring that sensitive information remains confidential between authorized parties. - Smart contracts: Fabric leverages a unique approach called "chaincode" to enable the execution of smart contracts, which are self-executing agreements with predefined rules. - Scalability: Fabric's architecture allows for the distribution of transaction processing across multiple nodes, improving scalability and performance. - Consensus mechanisms: Fabric provides pluggable consensus mechanisms, allowing network participants to choose the most suitable algorithm for their specific use case. Hyperledger Sawtooth Hyperledger Sawtooth is another prominent framework that focuses on simplicity, modularity, and scalability. It emphasizes the separation of transaction processing and consensus, enabling flexibility in designing and deploying distributed applications. Key features of Hyperledger Sawtooth include: - Modular architecture: Sawtooth's modular design allows for the integration of different consensus algorithms and transaction families, providing developers with flexibility and customization options. - Parallel transaction processing: Sawtooth can process transactions in parallel, improving performance and throughput. - Easy deployment and upgrade: Sawtooth provides tools and utilities to simplify the deployment and upgrade processes, reducing downtime and ensuring smooth operations. Hyperledger Iroha Hyperledger Iroha is a blockchain platform that focuses on mobile and IoT (Internet of Things) applications. It aims to provide an easy-to-use and secure platform for developers, enabling them to build decentralized applications with a user-friendly interface. Key features of Hyperledger Iroha include: - Command-based model: Iroha employs a command-based model, allowing developers to interact with the blockchain through simple and intuitive commands. - Multisignature support: Iroha supports multisignature accounts, where multiple parties must provide their approval to authorize transactions. - Built-in asset and identity management: Iroha includes features for managing digital assets and identities, making it well-suited for applications involving tokens or user identities. - Mobile-friendly: Iroha provides a mobile software development kit (SDK) and libraries, enabling seamless integration with mobile applications. Hyperledger Indy Hyperledger Indy focuses on providing a decentralized identity platform. It aims to enable secure, privacy-preserving, and interoperable digital identity management. Indy is particularly relevant in a world where identity theft and privacy concerns are increasingly prevalent. Key features of Hyperledger Indy include: - Self-sovereign identity: Indy allows individuals to have control over their own identities, enabling them to manage and authenticate their digital identities without relying on centralized authorities. - Privacy and anonymity: Indy incorporates advanced cryptography techniques to ensure privacy and anonymity while still allowing verifiable claims and credentials. - Interoperability: Indy supports interoperability across different identity systems, enabling seamless integration and interaction between various organizations and platforms. Hyperledger Besu Hyperledger Besu is an Ethereum-based framework developed to provide businesses with a flexible and enterprise-grade blockchain solution. It is designed to support both public and private networks, offering compatibility with the Ethereum Virtual Machine (EVM) and Ethereum tooling ecosystem. Key features of Hyperledger Besu include: - Ethereum compatibility: Besu allows organizations to leverage existing Ethereum tooling and infrastructure, making it easier to adopt blockchain technology. - Permissioning and privacy: Besu supports fine-grained permissioning and privacy controls, enabling organizations to customize access levels and protect sensitive data. - Scalability: Besu incorporates various scalability features, such as support for different consensus algorithms, network partitioning, and transaction parallelization. Hyperledger Use Cases Hyperledger's versatile frameworks have been adopted across various industries, driving innovation and transforming traditional business processes. Here are a few notable use cases: Supply Chain Management Blockchain technology, coupled with Hyperledger frameworks, has the potential to revolutionize supply chain management. By providing end-to-end visibility, traceability, and immutability, Hyperledger enables stakeholders to track products from their origin to the end consumer. This transparency enhances efficiency, reduces fraud, and improves trust among participants. Financial Services The financial services industry can benefit greatly from Hyperledger's capabilities. With frameworks like Fabric and Besu, organizations can streamline and secure financial transactions, automate regulatory compliance, and create new business models. Hyperledger enables real-time settlement, simplifies cross-border payments, and enhances the overall transparency and integrity of financial systems. Healthcare In the healthcare sector, Hyperledger has the potential to improve patient data management, supply chain integrity, and interoperability between different healthcare providers. By leveraging Hyperledger frameworks, organizations can ensure the privacy and security of patient records, facilitate seamless data exchange, and reduce administrative costs. Identity Management Identity management is a critical aspect of many industries, and Hyperledger's frameworks offer solutions to address this challenge. With Indy and Iroha, organizations can create decentralized and self-sovereign identity systems, allowing individuals to have control over their own digital identities. This approach enhances privacy, minimizes the risk of identity theft, and simplifies identity verification processes. Government Services Governments worldwide are exploring the potential of blockchain technology for various public services. Hyperledger frameworks provide a robust foundation for implementing digital voting systems, land registries, public financial management, and identity verification for government-issued documents. The transparency and security of Hyperledger-based solutions can enhance trust and efficiency in government operations. The Future of Hyperledger As blockchain technology continues to evolve, so does Hyperledger. The project is constantly expanding its frameworks, libraries, and tools to keep pace with the growing demands of the industry and drive innovation in enterprise blockchain solutions. Here are some key aspects to consider regarding the future of Hyperledger: Interoperability and Integration Interoperability is a crucial focus for Hyperledger as it aims to create a seamless environment where different blockchain platforms and networks can interact and exchange information. Efforts are underway to establish standards and protocols that enable interoperability between Hyperledger frameworks and other blockchain platforms. This will enhance collaboration and enable businesses to leverage the benefits of multiple blockchain networks simultaneously. Integration with existing systems and technologies is another area of development for Hyperledger. By providing better compatibility with legacy systems and established infrastructure, Hyperledger aims to simplify the adoption process for enterprises, making it easier to integrate blockchain solutions into their existing business processes. Scalability and Performance Enhancements Scalability has been a significant challenge for blockchain networks, including those built on Hyperledger frameworks. As the adoption of blockchain technology increases, Hyperledger is actively working on scalability enhancements to accommodate larger transaction volumes and support network growth. This includes optimizing consensus algorithms, improving transaction processing efficiency, and exploring techniques such as sharding and off-chain scaling solutions. Enhancements to performance and throughput are also crucial for enterprise blockchain applications. Hyperledger is investing in research and development to optimize the execution of smart contracts, improve network response times, and enhance overall system performance. These efforts will enable Hyperledger-based solutions to handle complex business transactions with greater efficiency and responsiveness. Privacy and Confidentiality Solutions Privacy and confidentiality are paramount concerns for many enterprise applications. Hyperledger recognizes the importance of providing robust privacy solutions that enable businesses to protect sensitive data while still leveraging the benefits of blockchain technology. Ongoing research and development efforts focus on integrating advanced cryptographic techniques, zero-knowledge proofs, and selective data sharing mechanisms into Hyperledger frameworks. These privacy-enhancing features will enable organizations to implement secure and private transactions within their blockchain networks. Regulatory Compliance and Governance Regulatory compliance and governance are critical aspects of enterprise blockchain adoption. Hyperledger is actively addressing these concerns by developing tools and frameworks that assist organizations in adhering to regulatory requirements. Features such as identity management, access control mechanisms, and auditing capabilities are being strengthened to ensure compliance with industry-specific regulations and governance frameworks. This focus on compliance will help organizations build trust and confidence in Hyperledger-based solutions across various industries. Continued Collaboration and Community Growth Hyperledger's success lies in its collaborative approach and the vibrant community that surrounds it. The project continues to foster collaboration between industry leaders, technology experts, and developers to drive innovation and share best practices. The community's contributions in the form of code, research, use case development, and knowledge sharing play a pivotal role in shaping the future of Hyperledger. As the Hyperledger community grows, so does the diversity of its members and the industries they represent. This diversity fuels the development of new use cases and expands the application areas for Hyperledger frameworks. The project is committed to engaging with stakeholders from different sectors, nurturing partnerships, and encouraging the exploration of novel applications across industries. Conclusion Hyperledger represents a transformative force in the world of enterprise blockchain technology. With its robust frameworks, collaborative approach, and emphasis on privacy, scalability, and interoperability, Hyperledger is revolutionizing the way businesses conduct transactions, manage identities, and streamline processes. The ongoing development efforts, combined with the vibrant community, ensure that Hyperledger will continue to evolve and remain at the forefront of blockchain innovation. As we look to the future, the potential applications and impact of Hyperledger on industries worldwide are truly exciting, promising a more secure, transparent, and efficient business environment for years to come. FAQs What is Hyperledger? Hyperledger is an open-source project hosted by the Linux Foundation that aims to advance cross-industry blockchain technologies. It provides a suite of blockchain frameworks, libraries, and tools that facilitate the development of enterprise-grade blockchain applications. Hyperledger frameworks enable organizations to create private or consortium networks where known entities can securely and collaboratively engage in transactions. How does Hyperledger differ from public blockchains like Bitcoin or Ethereum? Unlike public blockchains, which are open to anyone and allow anonymous participation, Hyperledger is designed for private or consortium networks. It focuses on permissioned networks, where participants are known and authorized. This allows businesses to have more control over their blockchain networks, ensuring privacy, confidentiality, and compliance with industry regulations. What are some notable Hyperledger frameworks? Hyperledger offers several frameworks, each catering to different business requirements. Some prominent frameworks include Hyperledger Fabric, which provides modular architecture and smart contract execution; Hyperledger Sawtooth, known for its simplicity and scalability; Hyperledger Iroha, focused on mobile and IoT applications; Hyperledger Indy, emphasizing decentralized identity management; and Hyperledger Besu, which is Ethereum-compatible. What are the use cases for Hyperledger? Hyperledger frameworks have found applications in various industries. They are particularly suitable for supply chain management, financial services, healthcare, identity management, and government services. Hyperledger enables end-to-end visibility, traceability, and security in supply chains, streamlines financial transactions, enhances patient data management, ensures privacy in identity systems, and improves government services through secure and transparent processes. What does the future hold for Hyperledger? The future of Hyperledger is promising, with ongoing efforts to enhance interoperability, scalability, and privacy features. The project aims to establish standards and protocols for seamless interaction between different blockchain platforms. It is also focused on optimizing performance, improving transaction throughput, and strengthening privacy mechanisms. Additionally, Hyperledger continues to foster collaboration, grow its community, and explore novel applications across industries. The evolution of Hyperledger will drive further innovation and adoption of blockchain technology in the enterprise space. Read More: - Avalanche blockchain (AVAX) - What is Polkadot (DOT)? - Cardano vs Solana - Polygon vs Cardano Read the full article

[cointahmin]

Japonya’nın en büyük bankalarından biri olan Mitsubishi UFJ Trust and Banking Corporation, kripto para firmaları Datachain ve Soramitsu ile yeni bir teknik iştirak kurduğunu duyurdu. İştirakin hedefi, Japonya’da çıkarılması planlanan çeşitli stablecoin’ler ortasında karşılıklı transferleri meselesiz hale getirmek ve ticareti kolaylaştırmak oldu. İşte detaylar… Japonya’da iki kripto para şirketiyle iştirak kuruldu Ortaklık, Mitsubishi UFJ Trust ve Banking tarafından yönetilen stablecoin ihraç ve idare platformu “Progmat Coin” kullanılarak çıkarılan çeşitli stablecoin’leri ve Soramitsu’nun geliştirmeye katkıda bulunduğu açık kaynaklı Blockchain platformu Hyperledger Iroha’yı kullanacak. Hususa yönelik açıklamalar, bölgesel bankalar tarafından bedellendirilen bölgesel kripto para üniteleri varsayılarak yapılacaktır. Bankanın ortak olduğu Datachain, “dünyanın dört bir yanından gelen dataların Blockchain ile inançlı bir formda bağlanmasını sağlar”. Soramitsu ise Blockchain teknolojisinde uzmanlaşmış, Tokyo merkezli bir fintech şirketidir. Hyperledger Iroha’ya katkıda bulunan ana şirkettir. cointahmin.com olarak da bildirdiğimiz üzere Japonya, 2022’de revize edilen Ödeme Hizmetleri Yasası kapsamında stablecoin’leri “elektronik ödeme yöntemleri” olarak tanımlayan dünyadaki birinci ülke oldu ve yasa 2023’te yürürlüğe girecek. Bu coinlerin ülke düzenleyicileri tarafından gelecekte çeşitli bankalar tarafından çıkarılması planlanan çeşitli stablecoinler ve bölgesel kripto/dijital para üniteleri olarak tanımlandığını belirtmekte yarar var. Yani şimdilik ,halihazırda piyasada var olan kripto paralarla ilgili olmadığı kesin. Ortaklık ayrıyeten, hudut ötesi havalelerin verimliliğini artırmanın ve denizaşırı CBDC’lerle karşılıklı transferler ve takaslar yoluyla fiyatları düşürmenin yollarını araştıracak. Paydaşlık, Corda ve Hyperledger Iroha üzere farklı Blockchain’lerde birden fazla stablecoin ve kripto paranın karşılıklı transferini gerçekleştirmek için, her iki Blockchain’i birbirine bağlamak ve her iki Blockchain’de tıpkı anda süreç yapmak için teknolojilerden yararlanacak. CBDC’ler, Merkez Bankası Dijital Para Üniteleri manasına gelir. Bunlar, bir ülkenin merkez bankası tarafından çıkarılan ve desteklenen fiat para ünitesinin dijital versiyonlarıdır. CBDC’ler sadece dijital biçimde bulunur. Ortaklık ile yeni kullanım durumları oluşturuluyor Bu kontaklar, araştırma ve geliştirmede Datachain tarafından yönetilen bir Blockchain birlikte çalışabilirlik projesi olan “YUI”, YUI tarafından benimsenen bir iletileşme protokolü olan “IBC” ve birlikte çalışabilirliği sağlayan “LCP” üzere orta yazılımları içerecektir. Stablecoin’ler, memleketler arası havalelerde, mikro ödemelerde ve menkul değerler ve NFT’ler üzere dijital varlıkların süreçlerinde ihtilal yaratma potansiyeline sahiptir. Bu paydaşlık, farklı Blockchain’leri inançlı ve pratik bir formda birbirine bağlayarak, stablecoin’ler için gelişmiş kullanım durumları oluşturmayı ve global olarak kullanılabilecek bir finansal altyapı oluşturmayı amaçlıyor.

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Makato presented mobile DLT from Iroha Hyperledger  https://github.com/hyperledger/iroha

[innosoft]

Top Hyperledger Blockchain Development Companies 2023 - 24

The Hyperledger development companies listed here are experts in augmenting the enterprises by developing a distributed and open source ledger for business collaborations. These Blockchain development companies are noted for their qualified teams and professionalism in project development. The Hyperledger development service providers here can empower business collaborations aptly through a distributed ledger.

Innosoft Group:  At Innosoft we work with the top industry experts and help businesses to groom with blockchain development. We use a smart contract application that results in highly beneficial for enterprises across the globe and it is known as Hyperledger smart contracts. Our team of enthusiastic blockchain developers makes sure that your business operations should connect with the blockchain hyperledger that creates opportunity. We develop, deploy and implement a trustable business model with our enhanced hyperledger services for your business that rewards you with greater possibilities of returns.

Technoloader: Technoloader has gained mastery on this technology too and ready to provide companies with Hyperledger. Hyperledger has its own sub-categories and we provide services on all of them which are Burrow, Fabric, Indy, Iroha, Sawtooth, Caliper, Cello, Composer, Explorer and Quilt. Our team holds expertise on these variant of Hyperledger and we are providing service to all the industries where it fits. Aetsoft: Aetsoft has a proven track record of successful Hyperledger-powered projects developed for various industries and verticals. We work with the software that creates personalized blockchain services. Build and run fast, scalable, and secure blockchain solutions, meeting your enterprise needs and strategic business goals, with Hyperledger development services from Aetsoft.

Queppelin: Queppelin offers Hyperledger application development services that will let businesses to transform their processes making them efficient and transparent. The experts of Queppelin will help you in developing the Blockchain apps using the Hyperledger platform and other development tools.

Hashroot: The hyperledger blockchain foundation allows enterprises to focus on shared infrastructure and ensure a stable ecosystem by bringing all necessary resources together, thus helping in creating impactful inventions. HashRoot has a team of expert hyperledger developers to build advanced enterprise blockchain applications in a secured and faster way.

Thus, shortlist the Hyperledger Development companies cautiously based on their skills, expertise, and your needs.

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The benefits of using Hyperledger fabric nodes

Hyperledger Fabric is a blockchain-based distributed ledger platform that allows organizations to create and operate their own blockchains. Hyperledger Fabric nodes are critical to the success of using this platform, as they allow for transactions and interactions between nodes. These nodes also provide an efficient way for organizations to manage their data. Additionally, Hyperledger Fabric nodes can help reduce the cost of blockchain deployment by providing a common infrastructure.

Hyperledger Fabric is a blockchain platform that allows for the creation of smart contracts and distributed applications. The fabric nodes allow for the execution of these applications on a cloud-based infrastructure. This provides several benefits, including reduced costs and increased flexibility. Additionally, fabric nodes support multiple languages and frameworks, making it easy to develop and deploy applications.

Hyperledger Fabric nodes offer a number of benefits for companies looking to use the blockchain technology. These nodes are able to provide a high level of security and performance, while also allowing for quick and easy deployments. Additionally, they are able to support multiple networks, making them ideal for businesses that need to manage multiple blockchains. Hyperledger Fabric is a modular blockchain platform that supports various distributed ledger technologies, such as Sawtooth Lake, Iroha and Ethereum. Fabric nodes are special nodes on the Fabric network designed to provide high performance and reliability for applications running on the platform.

Some of the benefits of using Hyperledger Fabric nodes include:

-High performance: Fabric nodes are designed to provide high performance and reliability for applications running on the platform.

-Reliability: Fabric nodes are highly reliable, meaning that they can withstand high loads and heavy use. -Ease of use  Fabric nodes are easy to set up and use, with few configuration options. -High security  Fabric nodes are designed to have high levels of security, making them resistant to various forms of attacks. -Flexibility  Fabric nodes are designed to be highly flexible, allowing you to run multiple applications on the same node. -High availability  Fabric nodes can support high availability and high performance, meaning that they can handle a high amount of data and traffic simultaneously. -High scalability  Fabric nodes are scalable and expandable, meaning that they can support a large number of users, applications, and data. -Cost effective  Fabric nodes are cost effective, which allows them to be used in a variety of environments without having to spend a lot of money.

Hyperledger Fabric nodes are ideal for creating applications that need to process large amounts of data. Fabric nodes offer increased performance and reliability when compared to traditional computing architectures. Additionally, fabric nodes can be configured to support a wide range of programming languages and tools, making it easier for developers to create powerful applications.

There are a number of benefits to using Hyperledger fabric nodes in your blockchain project. Fabric nodes are fast and scalable, allowing for quick transaction processing and low-cost network deployments. Furthermore, they provide an easy way to create and manage decentralized applications (DApps) on the blockchain. In addition, Fabric nodes can be used to run smart contracts and other applications that require high levels of security. Finally, Fabric nodes can be used to connect to other blockchains or components of a larger ecosystem, making it easy to share data and resources between different projects.