The blockchain technology is witnessing industry-wide adoption that too aggressively. In fact, every business across different industries are leveraging the distributed ledger technology to resolve their specific business issues. However, only a few projects have seen the light of the day.

The Hyperledger Project was launched by the Linux Foundation in 2016. It is an initiative to standardize and democratize blockchain solutions for the enterprises. Today, several industry players are using their cross-industry knowledge to build a more robust Hyperledger platform, which is expected to allow businesses to build their own blockchain solutions as per their business needs. It aims to build an open source distributed ledger framework and code base for development of the enterprise-grade solution.

What is Hyperledger trying to achieve?

Today, the community of developers and enterprises are uniting to build private blockchain frameworks over the Hyperledger platform. Till 2018, a total of 5 different types of Hyperledger frameworks were developed for the purpose of Hyperledger blockchain development. Since, each framework has its own set of features, it becomes important to select an appropriate framework as per your needs. With a right framework in place, you would be able to enjoy higher development efficiency, performance, and security that too at lower costs. Let us look at these frameworks in detail:

Hyperledger Burrow

It gained popularity for being a fast, lightweight and agile framework to support custom blockchain development. The core mechanism is driven by Ethereum Virtual Machine ’s that run smart contracts. Over the smart contract layer, enterprises need to implement business logic. Using the Tendermint consensus mechanism it gets rid of the mining challenges and with a specialized middleware, it allows management of multiple blockchains.

Hyperledger Fabric

Because of its versatility, this platform is being utilized in several blockchain projects. With no specific programming language required or EVM’s, Hyperledger Fabric uses chain codes for smart contracts. The chain codes are unique interfaces and can be written using any programming language which makes it a generic framework for enterprise blockchain solutions.

Hyperledger Indy

Hyperledger Indy caters a specific segment of distributed identity management. Indy is still in its infancy and targets to save time and money in blockchain projects for identity management.

Hyperledger Iroha

Iroha is a tool-rich permissioned blockchain framework. It finds its use primarily in the financial sector and allows implementation of a high-speed consensus algorithm to develop a blockchain backed banking app. The transaction processing is executed quickly and in the cheapest possible manner.

Hyperledger Sawtooth

Hyperledger Sawtooth is a mature framework that is heavy-duty too. The framework supports energy efficient and fast transactions using PoET consensus. As Sawtooth uses Python programming for deployment it is easy to be integrated into the IT infrastructure ecosystem.

To wrap

To conclude we can say that Hyperledger nurtures and promotes different types of Blockchain technologies. The platform encourages the re-use of shared building blocks, allows innovation, and paves way for interoperability amongst projects.

As a leading Hyperledger Blockchain development company, Sofocle provides enterprise-grade Blockchain deployment for businesses across different industry verticals.