The Linux Foundation has created the Hyperledger project to develop blockchain technology. Then they were joined by other companies of Cisco, Fujitsu, Hitachi, Intel, J.P. Morgan, SWIFT, Wells Fargo. The participants formed a consortium. They believe that there will be many blockchain networks that will interact with each other in the near future.
Hyperledger Fabric offers innovative opportunities for companies. They will be able to enter a new era of trust, transparency and accountability.
The consortium created the blockchain-framework Hyperledger Fabric. They released a production version of Hyperledger Fabric 1.0 in 2017.
Hyperledger Fabric has three main members of the block:
1. Clients or users who make transactions.
2. Nodes that perform transaction management. These include the sites of guarantors, which verify the fulfillment of the requirements for transactions.
3. Service nodes that form transaction blocks and add them to the block system.
Hyperledger Fabric (HLF) doesn't have tokens, but it has smart contracts. There is an exchange of assets and preservation of information about physical property and obligations.
Sphere of application Hyperledger Fabric is diverse. For example, the CLS group consortium (Barclays, Bank of America, Bank of China, Hong Kong, the Bank of Tokyo-Mitsubishi UFJ and others) are developing an alternative to SWIFT transfers. Sony has developed a data storage system for education.
IBM's prospects are staggering, perhaps they will be able to create the largest blockchain in the world.
The company SmartContract.ru is actively studying this blockchain and its implementation opportunities in business.