The Hyperledger Fabric framework has come across as an essential open-source blockchain framework. Major companies from all around the globe use it as a foundation for developing blockchain-based products, solutions, and applications. Its plug-and-play component simplifies the overall development process while introducing various new features.
Hyperledger Fabric provides digital identity verification and administration for each network participant. It also distinguishes between transaction execution and ordering/commitment. It facilitates concurrent execution of parallel operations, substantially improving and speeding up overall processing.
Why was Hyperledger Fabric designed?
A business wants to integrate traditional blockchain networks into its daily operations. No business wants to discuss sensitive information or business contracts on a public network. Hyperledger Fabric was designed to overcome the issue of privacy. Essentially developed to create private blockchain networks in a single organization, fabric provides high-level privacy.
How will the fabric upscale your business?
Other than providing high-end privacy solutions, the fabric also facilitates various other features like:
- High scalability
- Data availability
Using a modular framework, Hyperledger separates transaction processing into three phases:
- distributed logic processing and chain code,
- transaction ordering, and
- transaction validation and commitment.
Modularity decreases the amount of trust and verification necessary across multiple nodes. So, you can sit back and not worry about choppy performance or latency.
Being a growing business known all across the globe, you don’t want to sell your product everywhere at the same price. There will exist a fluctuation in prices from region to region, you don’t want to disclose it publicly. It is where the fabric comes in. Hyperledger allows sensitive data to be restricted entirely to the proprietary network and authorized entities, while other information is shared on a public network.
3. Data Availability
Imagine having the option to partition your data into what goes public and what does not! By using Cryptography, the fabric can connect desirable data to a private network and restrict data mobility to only those who are approved. How will that help you? You can prevent certain data items from being disseminated openly on the blockchain.
It provides digital identity verification and administration for each network participant through its permissioned blockchain network. Hyperledger Fabric distinguishes between transaction execution and transaction ordering/commitment. In this role, it facilitates concurrent execution of parallel operations, substantially improving and speeding up overall processing.
In conclusion, Hyperledger Fabric is a very reliable foundation to build blockchain based products. With chain code functionality, it supports specific transaction types like asset ownership change, etc. Being modular in architecture, it supports seamless integration with third-party systems through reusable modules. With benefits brimming to the top, it can be trusted by growing businesses to optimize their productivity.