Blockchain technology, which gained popularity with the widespread use of cryptocurrencies, started to be used in different fields. The interest of institutions and organizations in blockchain technology has increased in many areas such as health, economy, games and entertainment, and communication. This increased interest has also led to a significant increase in the number of blockchain-based projects.
Hyperledger is an important blockchain project making waves in the blockchain world. Cryptocurrencis are no longer the only use case for blockchain technology. Hyperledger is one of the major projects expanding this use case.
The Hyperledger Foundation was announced by the Linux Foundation in December 2015. In 2016, Hyperledger Foundation took its place in the blockchain world.
The Hyperledger Foundation is an open source, blockchain-based project. The Hyperledger Foundation has some core objectives. These core objectives are as follows:
- Developing blockchain-backed frameworks to manage company-level transactions in the business world.
- Providing independent, open and community-driven infrastructure for transactions, supported by both commercial and technical governments.
- Informing people about the opportunities and possibilities available in the blockchain world.
- Educate people about blockchain technology and create communities to develop projects.
Is Hyperledger a Cryptocurrency?
Hyperledger is not a cryptocurrency. Brian Behlendorf, one of the key officials of the Hyperledger project, stated that the Hyperledger Foundation will never be a cryptocurrency-like project when answering a question about cryptocurrencies. At the same time, he stated that the reason for their hesitation is to avoid the possible political difficulties that come with creating a global currency project.
What Are the Projects Under the Hyperledger Foundation?
There are many different projects under the Hyperledger Foundation. Some of these projects are as follows:
Framework Projects
- Fabric
- Grid
- Burrow
- Indy
- Iroha
- Sawtooth
Tool Projects
- Cello
- Quilt
- Explorer
- Ursa
- Caliper
- Composer
What Are the Examples of Hyperledger Foundation Projects in Use?
There are many examples of large projects built using Hyperledger. Some of these include:
- IBM Food Trust
- Chain-m
- ScanTrust
What Is Chain-m?
Chain-m was developed by NIIT Technologies using Hyperledger. Chain-m is a project that enables the ticketing processes of different airline companies to proceed with blockchain infrastructure. Chain-m was developed using Hyperledger Fabric. With Chain-m, users can transparently record and track their ticketing processes through a web-based interface.
What Is ScanTrust?
ScanTrust was developed by Cambio Coffe. Cambio Coffe is an organic coffee seller. With its technology, Cambio Coffe records the entire journey of coffee beans on the blockchain network. In the ScanTrust project, Cambio Coffe has added an addition to the barcodes on the coffee packages. Using this barcode, coffee buyers can view the entire journey of the coffee bean, which is recorded on the blockchain. ScanTrust's developers are actively using another Hyperledger Foundation technology, framework Sawtooth, in the project.
What Is IBM Food Trust?
IBM Food Trust records all the processes that food products go through from the moment they are first formed until they reach the consumer and processes them on blockchain. In this way, IMB Food Trust aims to increase reliability and transparency in the food sector. Although there are equivalent projects, IBM Food Trust has been more successful and preferred compared to these other projects. The pilot implementation of the IBM Food Trust project is carried out with Wal-Mart, Nestlé, Tyson Foods and Golden State Foods.
What Are the General Features of Hyperledger Foundation?
The Hyperledger Foundation has some general features as a matter of policy. These general features are as follows:
- Authentication
- Data Privacy
- Modular Architecture
- Language Options
- Free of charge
- Speed
Authentication
One of the most important values of the cryptocurrency world is the anonymity of users within the system. However, Hyperledger Foundation may be the preferred choice when this is not necessary. Because Hyperledger Foundation is a "permissioned" blockchain. It also performs authentication with the "Identity Management" module.
Data Privacy
Hyperledger offers users and developers a high level of data privacy with its technologies.
Modular Architecture
The modular nature of Hyperledger Foundation eases the burden of developers. Any developer can save time by working with only the modules they choose.
Language Options
Hyperledger Foundation enables development with Java, Go and NodeJS.
Free of Charge
Hyperledger Foundation users do not need to pay a fee to make any transactions or store data on the blockchain network.
Speed
Public blockchain networks are not preferred because of the speed issues that arise due to scalability problems. At this point, Hyperledger and similar "Permissioned Blockchain" networks come into play.
