The Hyperledger - Vision Presentation
The Hyperledger - Vision Presentation
The Hyperledger - Vision Presentation
Vision
Blockchain 101
What are Blockchain
Technologies?
Encompasses both distributed
ledgers and smart contracts.
What is a
Distributed Ledger?
An append-only system
of record or log of transactions.
Cryptography for
Integrity & Privacy
Software standards keep everyone in the
shared ecosystem in sync.
Distributed Ledgers
in Action
All businesses participating in a commercial
ecosystem need a ledger to contain a
record of transactions. It is vitally important
to know that your copy of the ledger is
identical to others’ in the network.
Example Scenario
Everyone in a room has a book Someone calls out item number Then two people call out item
with the instructions to write down one and everyone writes it down. number two at the same time, but
entries as they get called out. the item number differs.
There needs to be a process for When all agree on the outcome Whether this happens in a small
who wins, and the loser gets to of an entry, the next link in that scale or the size of the internet,
try to call out item number three. ledger can be written. that is the spectrum for how a
distributed ledger can work.
What is a Smart
Contract?
The code or any complex program
stored and executed on a blockchain.
Smart Contracts
in Action
Imagine a farmer based in Sacramento,
California buys an insurance agreement that
protects them from extreme weather condition. If
temperatures reach more than 100 degrees for
100 days, they get reimbursed 10,000 USD.
With manually-triggered contracts/ledgers
widely operated today, the insurer might find a
way to back out of, procrastinate or dispute this
agreement.
If a Smart Contract is in place, the script in the
ledger would rule that on that 100th day of 100+
degrees, the 10,000 USD would be automatically
withdrawn. With an automated process, like it or
not, the insurer cannot back out.
Myth Debunked:
Blockchain ≠
Cryptocurrency
Cryptocurrency is an application
that sits on top of blockchain.
Not the other way around.
Why Business
Blockchain
Technologies
All over the global market there
are ledgers that organizations and
individuals alike must trust.
Early Adopter Industries
Permissionable smart Permissioned with Decentralized identity Mobile application focus Permissioned & permissionless
contract machine (EVM) channel support support; EVM transaction family
Tools
Blockchain framework As-a-service deployment Model and build View and explore data on Ledger interoperability
benchmark platform blockchain networks the blockchain
Hyperledger
Blockchain
Frameworks
A permissionable smart contract machine. The
first of its kind when released in December,
2014, Burrow provides a modular blockchain
client with a permissioned smart contract
interpreter built in part to the specification of the
Ethereum Virtual Machine (EVM).
Intended as a foundation for developing
applications or solutions with a modular
architecture, Hyperledger Fabric allows
components, such as consensus and
membership services, to be plug-and-play.
Tools, libraries, and reusable components
for providing digital identities rooted on
blockchains or other distributed ledgers so
that they are interoperable across
administrative domains, applications, and
any other silo.
A business blockchain framework
designed to be simple and easy to
incorporate into infrastructural projects
requiring distributed ledger technology.
A modular platform for building, deploying, and
running distributed ledgers. Hyperledger
Sawtooth includes a novel consensus algorithm,
Proof of Elapsed Time (PoET), which targets
large distributed validator populations with
minimal resource consumption.
Architecture of
Hyperledger Projects
Architecture of Hyperledger Projects