Hyperledger (Hyperledger Foundation) Definition
Hyperledger, also known as the Hyperledger Foundation, 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. Hyperledger aims to create common distributed ledger technology that enables organizations to build and run robust, industry-specific applications, platforms, and hardware systems to support their individual business transactions.
Hyperledger Key Points
- Hyperledger is an open-source project focused on developing a suite of stable frameworks, tools, and libraries for enterprise-grade blockchain deployments.
- It is hosted by the Linux Foundation and includes participation from various industries and organizations.
- Hyperledger does not support cryptocurrencies and does not represent a cryptocurrency network or a traditional, consistent blockchain system.
- It aims to create a standard for distributed ledgers for various industries and to create open protocols for business transactions.
What is Hyperledger?
Hyperledger is a multi-project, multi-stakeholder effort that includes various enterprise blockchain and distributed ledger technologies. Hyperledger blockchain frameworks provide the foundation for building open, standardized, and enterprise-grade distributed ledger applications and systems. The goal of Hyperledger is to bring together a diverse set of communities to work on various aspects of blockchain, distributed ledger, and smart contracts technologies.
Who uses Hyperledger?
Hyperledger is used by organizations across a wide range of industries and sectors. These include finance, banking, Internet of Things, supply chains, manufacturing, and more. Some of the notable members and users of Hyperledger include IBM, Intel, SAP, American Express, J.P. Morgan, and Baidu.
When was Hyperledger created?
Hyperledger was launched in December 2015 by the Linux Foundation to support the collaborative development of blockchain-based distributed ledgers.
Where is Hyperledger used?
Hyperledger is used globally across various industries. It provides a framework for developing blockchain and distributed ledger technologies, making it applicable in any scenario where these technologies can be utilized, such as supply chain management, healthcare, finance, and more.
Why is Hyperledger important?
Hyperledger is important because it provides an open-source, neutral platform for the development of blockchain technology that can be tailored to fit any industry’s specific needs. It allows for the creation of enterprise-grade, robust, and industry-specific applications, platforms, and hardware systems to support business transactions.
How does Hyperledger work?
Hyperledger works by providing a suite of frameworks, tools, and libraries for the development of blockchain and distributed ledger technologies. These resources can be used to create applications, platforms, and systems that can handle business transactions. Hyperledger projects are developed by a diverse group of members, who contribute to the code, design, and development of the project.
