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- August 26, 2022
Hyperledger - Holding security up high
The design philosophy of all 15 Hyperledger projects was mentioned in “Hyperledger? Clarifying the chain, minding modularity”, and they are: modular, highly secure, interoperable, cryptocurrency-agnostic and complete with APIs.
Among all blockchain frameworks, Hyperledger offers the most promise and utility for practically all industries. The blockchain solution is business-friendly and will provide scalability, performance, confidentiality and high security.
Security as one of its strongest features also represents privacy. In essence, it is the ability to choose between private or shared channels, and to collaborate on a permissioned network. This improves a company’s security governance and agility in a complex business.
Consider the private versus shared network, in terms of access to data transactions. The visibility of transactions can be public or made to share them privately. This feature ensures that data governance stays consistent. And for restricted information, it will stay confidential.
As for the permissioned network, users will require a vetting process before joining. This means it is specified for a given solution. Within the network, users are offered public and/or private keys, in order to interact with the ledger as themselves and securing the keys from hacking activities.
To elaborate, Hyperledger is a file-based ledger that stores serialised blocks and each block has one or more transactions. So, a ledger stores important, factual information about business objects for both the current and historical data.
This is how private transactions and confidential contracts can be made secured, for example via the versatile Hyperledger Fabric (HLF). And HLF’s flexible modular platform means companies and organisations can bring in specific components needed for their business solution requirements.
HLF will establish trust in secure, transparent systems. It is a permissioned blockchain where each component has an identity with guidelines that define governance and access control. It is the best blockchain designed for business applications beyond just the basic digital coins.