Chaincode Consulting

Rely on Distinguished Leaders in Distributed Ledgers!

While many were just talking about it, we’ve been working day and night to Successfully Implement Solutions that will change the world! Leveraging our deep industry knowledge and years of experience in Smart Contracts, We empower Enterprises to Reorient Blockchain to their Benefit!

Hyperledger - What’s The Hype About?

Hyperledger Fabric is an open-source and permissioned blockchain framework used to build enterprise-grade applications. For Enterprises, it offers several advantages like scalability, a privacy protection mechanism, greater throughput, and low latency, consequently saving their time and money.

Interestingly, Hyperledger Fabric does not have a native currency. This reduces operational costs and decreases the chances of attacks on the network. Hence, it is different from public blockchain networks like Bitcoin and Ethereum which depend on cryptocurrency and where smart contracts can be executed only when written in domain-specific languages

Let’s Talk Business, YOUR BUSINESS

For Businesses that haven’t still boarded the Blockchain bandwagon, Hyperledger Fabric can be their highly tailored Blockchain solution. By single-handedly optimizing the virtual infrastructure of your Enterprise, Hyperledger empowers businesses with the distributed ledgers and computational capabilities of the smart contracts.

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How? We’re glad you asked!

The modular design of the Hyperledger Fabric reduces the transition time without compromising the reliability of the network by giving the designers the liberty to plug in their preferred implementations for components.

With a rate of two thousand transactions per second, Businesses that heavily rely on documentation for operations stand to gain the most from Hyperledger Fabric especially where multiple vendors or facilitators are involved.

Hyperledger Fabric partitions data on the Blockchain allows businesses from potential privacy infringements resulting in legal liabilities while also keeping the internal details on a need-to-know basis.

Hyperledger Fabric operates with high scalability by remaining unaffected by factors like transaction size, network size, block size, and other hardware limits.

You Name it, We’ll do it

Our Blockchain Brainiacs are here to exceed your expectations with stellar services incomparable in quality.In your Hyperledger Fabric Development journey, we’re with you every step of the way!

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    See us in Action

    When handling your project, we’re all about you and your needs! With our rich expertise, robust Blockchain technologies, and unwavering dedication, we become the superheroes your enterprise needs. See some of our Enterprise Blockchain solutions that we’ve created to streamline our clients’ businesses.

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    FAQs

    Think of ChainCode as a smart contract but slightly more advanced. A smart contract can not be implemented on an enterprise blockchain network as it is private and permission-based. To implement a smart contract, one would have to use the Ethereum public blockchain network. On the other hand, a ChainCode can be run on private networks and is often associated with Hyperledger Fabric.

    Given that the Hyperledger Fabric framework can be implemented only on a private blockchain network, only those individuals who have permission to access data are able to do so, while the rest of those on the network remain unaware of any such information. By extending the opportunity to choose how much of your data is accessible and to whom, Hyperledger Fabric ensures data confidentiality.

    The two most popular languages that are used on the Hyperledger Fabric framework are Golang and Node.js. While these happen to be the most preferred languages, there still are many other languages that can be used to deploy protocols, an example being Python.

    To operate a business on the blockchain network, confidentiality and privacy are the two main factors. Ethereum’s network is public and permissionless, meaning that every transaction ever made on the network is available to all members who are a part of that network.

    Hyperledger is an umbrella term, under which there are a variety of frameworks including, Hyperledger Burrow, Hyperledger Sawtooth, Hyperledger Indy Hyperledger Indy, Hyperledger Iroha, and Hyperledger Corda. All these frameworks are compatible with one another, so no matter the platform on which you operate your business, it will be easy for the developers at Chaincode Consulting to help integrate as many frameworks as it takes to maximize the output of your business

    The core business logic in Hyperledger Fabric is defined by Chaincode. Tools are used to prepare the package to be disseminated amongst peers. Later, peers need to install the Chaincode package, approve its definition, and transactions can be executed by the Chaincode after the peer commits the definition.

    The notable features of Hyperledger Fabric are permissioned membership, creation of channels, rich query API for data analytics, plug-and-play architecture, a flexible consensus mechanism based on Practical Byzantine Fault Tolerance (PBFT), Chaincode execution for superior performance and network scalability, and the absence of network fees.

    It instructs peers on deciding whether transactions are properly endorsed or not. Peers need to agree on the results of the transaction before adding it to the ledger. Generally, endorsing peers will execute the Chaincode, sign the transaction, and return it to the proposer. Therefore, every transaction must contain a specific number of endorsements. Later, the endorsements are checked to make sure they are valid signatures. Further, endorsement policies are specified for each channel’s ChainCode during instantiation or upgradation. Hence, they can be key-level or ChainCode-level).

    Technology Updates

    Sneak a quick peep at our well-researched and curated resources to stay in the know about everything on Hyperledger Fabric! See some of our Blogs, Articles and the latest News here.

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