What is Hyperledger Fabric?

Hyperledger Fabric, an open-source project from the Linux Foundation, is the modular blockchain framework and de facto standard for enterprise blockchain platforms. Intended as a foundation for developing enterprise-grade applications and industry solutions, the open, modular architecture uses plug-and-play components to accommodate many use cases.

With more than 120,000 contributing organizations and more than 15,000 engineer contributors working together, Hyperledger Fabric offers a unique approach to the consensus that enables performance at scale while also preserving the data privacy enterprises demand.

What is Hyperledger Fabric

Components of Hyperledger Fabric

It is a framework designed to develop solutions with a modular architecture. It allows components, such as ledger database, consensus mechanism, and membership services to be plug-and-play. It leverages container technology and delivers enterprise-ready network security, scalability, and confidentiality. Take a look at the primary components that a Hyperledger Fabric network has:

Shared Ledger

Shared Ledger

The ledger records the state and ownership of an asset. The ledger consists of two components the database of the ledger and the transaction log history.

Smart Contract

Smart Contract

Hyperledger Fabric smart contracts are called chaincode. Chaincode is software that defines assets and related transactions.

Peer Nodes

Peer Nodes

Peers are a fundamental network element because they host ledgers and smart contracts. It executes chaincode, accesses ledger data, endorses transactions, and interfaces with apps.

Components of Hyperledger Fabric frameworkQC
Channel

Channel

Channels are a logical structure formed by a collection of peers. This capability allows a group of peers to create a separate ledger of transactions.

Membership Services Provider (MSP)

Membership Services Provider (MSP)

The MSP is implemented as a Certificate Authority to manage certificates used to authenticate member identity and roles.

Ordering Service

Ordering Service

The ordering service packages transactions into blocks to be delivered to peers on a channel. It guarantees the transaction delivery in the network. It communicates with peers and endorsing peers.

Benefits of Hyperledger Fabric

Hyperledger Fabric is an open-source modular blockchain suitable for enterprise-level applications. See what benefits it offers to make it suitable for developing your blockchain project.

Permissioned Network

Permissioned Network

Since Hyperledger fabric is a permissioned network, it establishes a connection of trust between participants of the network. For business purposes, this makes it incredibly attractive.

Security

Security

The transactions are secured, and thus the participants only have to expose the necessary data with an assurance of a secure network.

Developer Friendly

Developer Friendly

The available smart contracts and free with Hyperledger Fabric make it easier for developers, as they won't have to create it from scratch.

Customizable

Customizable

The pluggable architecture makes it customizable for each industry; hence, the blockchain infrastructure can suit each business.

Chaincode

Chaincode

The Chaincode function in Hyperledger Fabric is a container technology for hosting smart contracts. It can support a complex or particular types of transactions in case of its requirement.

Open-sourced

Open-sourced

Since the code is open-sourced, it is easily accessible to developers and free to business users.

Why Choose Hyperledger Fabric for Blockchain Development?

The following technical specifications of hyperledger fabric make it a goot fit for building your blockchain project. Need help with blockchain development? Reach out to us today for a no-obligation consultation.

Features

Supports Public Blockchain dApps?

Supports Private Blockchain dApps?

Supports Blockchain Consortium?

Supports User Anonymity?

Approx. Transaction Speed

Approx. Avg Gas Fee

Supports Interoperability?

Supports Native Token?

Value

No

Yes

Yes

No

>2000TPS

0.00000$

No

No

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Use Cases of Hyperledger Fabric

Hyperledger Fabric is an open, proven, enterprise-grade, distributed ledger platform. On the platform, numerous applications have already been developed. Look at all the business opportunities it can bring to enhance innovation and efficiency.

Healthcare

Healthcare

Tackle issues of trust, transparency and data integrity with blockchain-based networks and solutions.

Supply Chain

Supply Chain

Blockchain for supply chain solutions help supply chain leaders use data to handle the disruptions of today and build resiliency for the future.

Trade Finance

Trade Finance

Reinvent trade and trade finance with our network-convening expertise and the industry’s leading platform.

Financial Services

Financial Services

Build greater trust for all, and bring new transparency, simplicity and efficiency to every financial transaction.

Government

Government

Save budget with new automations, more securely share data, and discover insights from data already being gathered.

Entertainment

Entertainment

Blockchain is transforming online ad buying, online ticketing, rights management and much more.

FAQs

Here are answers to some questions about Hyperledger Fabric that our clients frequently ask. Drop us a word if the answers to your concerns or doubts aren't listed here. We'll get to you within 24 hours.