As reported, IBM has launched in last year a blockchain ecosystem on Hyperledger Fabric. Clear target for IBM is to become one of the blockchain superpowers and be in the middle of future blockchain networks. Nothing could have been more boosting this technology as when one of the tech giants starts to pamper the small plantlet.
Hyperledger
The Hyperledger is one of the open sources for blockchains, developed by members of the Hyperledger consortium. Stated on the website, the consortium describes itself as “Hyperledger 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, IoT, supply chain, manufacturing and technology.”
The Fabric
Now the the consortium announced a switch from incubator state to fabric state. Then the fabric will be able to provide a framework for building enterprise-grade blockchain networks. Meaning not only supporting with a ready-for-use blockchain but with a really deployable solution, that is capable to transact at rates of more than 1,000 transactions per second among large ecosystems of users. That would mean, we are almost at bank standard for most of the transaction banks we can imagine
Impressive PoC
As the foundation itself sees their blockchain still in the stage of an poc, the impressive list of adaptions tells another language. The site is regulary updated and always worth a visit. By now it is a long list of proven runs within nearly all areas of operation in a bank. That makes it really exciting to keep on the track
Stay tuned
Yours K-Street6 Team