The Anatomy of Hyperledger Fabric for Blockchain
You can’t deny the fact that blockchain is one of the fastest emerging technologies that hold immense potential to transform industry operating models of diverse businesses. According to a study conducted by Markets and Markets, the global market size of blockchain is predicted to grow at a stellar CAGR of 67.3% resulting in USD 39.7 billion by 2025. It is recommended to take cognizance of all the blockchain platforms out there when choosing them for your business use case development. To make things easier for you, we’ve decided to present the anatomy of Hyperledger Fabric, a popular framework for Hyperledger application development. Let’s get started.
What is Hyperledger Fabric?
Though blockchain holds immense potential, yet it can’t be denied that it is a one-size-fits-all solution for all businesses out there. Since every business has unique requirements of distinct customization or features to accomplish the desired objectives. This is where the role of Hyperledger comes in. It is an umbrella project started by the Linux Foundation in the year 2015 and has received great contributions from several prestigious companies including IBM, Intel, and SAP Ariba, etc. It offers a wide gamut of frameworks and toolsets to developers for building enterprise applications and tailor-made blockchain-based business solutions.
Top Benefits of Hyperledger Fabric:
1. Safeguard Intellectual Property
The interesting thing about Hyperledger frameworks is that it acts as a blockchain greenhouse by bringing together developers, vendors, and users under a single platform. By bringing them together, it enables them to learn about blockchain and craft enterprise-grade business solutions. Furthermore, it uses Apache 2.0 license of code and CC Attribution 4.0 International license to safeguard intellectual property.
2. Enhancement in Productivity
To drive project development, Hyperledger uses a special technique called the division of labor. It determines everyone’s expertise and based on that, it allows professionals to work in the areas they are good at. By doing so, people won’t only enjoy the work they do, but also the overall productivity surges dramatically. The best part is that it abolishes competition among people as all of them are working collaboratively and performing tasks of their expertise areas.
Final Words
Today, businesses are actively using Hyperledger fabric for blockchain. Some of the popular names in the list include Amazon, Allianz SE, Intel, Microsoft, Nasdaq, Siemens, Broadridge, and many more. If you are also planning to opt for Hyperledger development services for your business, we recommend you hire Hyperledger developers from a trusted partner.
