Welcome to bCloudPartners

Hyperledger Project Logo

What is the Hyperledger Project?

The definitive given by The Hyperledger Foundation is :

"Hyperledger is an open source collaborative effort created to advance cross-industry blockchain technologies. It is a global collaboration, hosted by The Linux Foundation, including leaders in finance, banking, Internet of Things, supply chains, manufacturing and technology. These leaders include, IBM, Accenture, Americam Express, SAP, NEC, Intel, AIRBUS, CISCO, Deutsche Bank, Daimler, Fujitsu and many more"

What is the Hyperledger Project exactly?

  • Hyperledger is not a product in and of itself, but rather a term given to a suite of frameworks and tools. These frameworks and tools have been contributed as open source blockchain projects by recognized industry leaders. For example, IBM contributed Hyperledger Fabric and Hyperledger Composer while Intel contributed Hyperledger Sawtooth.
  • Hyperledger is not a cryptocurrency, and thus can not be bought, sold or mined.
  • Hyperledger type blockchains require no cryptocurrency in order to function.
  • Hyperledger is a suite of open source blockchain frameworks and tools.
  • Hyperledger consists of 11 initiatives.
  • Hyperledger provides neutral, open, and community-driven infrastructure supported by technical and business governance.
  • Hyperledger builds technical communities in order to develop blockchain and shared ledger POCs, use cases, field trails and deployments.

What are the framewoks and tools associated with Hyperledger?

The curent hyperledger frameworks

How has Hyperledger evolved?

  • In December 2015, the Linux Foundation announced the creation of the Hyperledger Project. The founding members of the project were announced in February 2016 and ten further members and the makeup of the governing board were announced March 29. On May 19, Brian Behlendorf was appointed executive director of the project.
  • In early 2016, the project began accepting proposals for incubation of codebases and other technologies as core elements. One of the first proposals was for a codebase combining previous work by Digital Asset, Blockstream's libconsensus and IBM's OpenBlockchain.This was later named Fabric. In May, Intel's distributed ledger named Sawtooth, was incubated.
  • On 12 July 2017 the project announced its production-ready Hyperledger Fabric 1.0 and it started to gain popularity in the Initial coin offering market. In August 2017, Oracle joined the Hyperledger consortium and announced its Blockchain Cloud Service offering.
  • In July 2017, London Stock Exchange Group in a partnership with IBM announced that it will create a Blockchain platform designed for digitally issuing shares of Italian companies. Hyperledger Fabric will form the basis of the platform.
  • In September 2017 The Royal Bank of Canada (RBC) have started using Hyperledger for its US - Canada interbank settlements.

Want a quick introduction to Hyperledger ?