The future commercial ecosystem is getting groomed to be free from discrepancies. Blockchain is the prime contributor towards this radical transformation. Blockchain is a distributed ledger. On the most general level, a Blockchain can be termed as a decentralized database. Transactions occur in a more consensus mechanism.
Blockchain revolution has begun and its potential implications on the business world are going to be huge. The technology is already in the process of reaching the mainstream commercial adoption. As we immerse in this technology, transactional applications in GenX can be more trustworthy, transparent and with total accountability. Businesses can easily reduce the cost and complexity involved and even lesson legal constraints. Hyperledger is an open source Blockchain reference framework designed to benefit enterprise customers. Started in 2015, Hyperledger is a collaborative effort by The Linux Foundation and several other key industry partners. The key focus of this project is advance cross-industry Blockchain and distributed ledger system across sectors.
Scalable business connectivity creates trustable opportunities. Enterprise applications have need of privacy and confidence. It requires permissioned peer-to-peer Blockchain network. Hyperledger Fabric is a commonly used permissioned Blockchain network platform. One can implement different trustworthy business models using Hyperledger fabric. Other platforms include; Burrow, Iroha and Sawtooth.
Hyperledger composer is a Blockchain development tool predominantly used to speed up the application development on Hyperledger Fabric. Indy, Explorer and Cello are other tools.
Hyperledger lets you to model your business network and incorporate all existing business transactions and data.
With Hyperledger you are ensured with a trust network that can offer;
What is the role of OpenXcell?
Experts from OpenXcell will help you in setting up enterprise-grade Blockchain deployment via Hyperledger platforms and development tools. Our team will assist you in defining a model by creating a Business network definition which includes all rules, logic and functions of your business model; deploy the network on Hyperledger platform; create and execute smart contracts that can precisely start you off on a Blockchain network. Right from building the code till managing the roadmap, OpenXcell will extend its support and help you transform the way your business transactions can happen in a global way.