Each transaction is recorded sequentially and indefinitely, providing an indelible track for the life of an asset. This is especially useful if the source data is essential to verify the authenticity of the assets.
Using Blockchain can provide details of transactions, increasing confidence in the process. Changes in public block strings are visible to all parties that create transparency.
Each transaction is verified within the network, using independently verified complex cryptography, ensuring the authenticity of the information. The users have all their information and transactions.
The Blockchain data is complete, consistent, accurate and highly available. Due to decentralized networks, blockchain has no central point of failure and is capable of supporting malicious attacks.
Hyperledger launched in 2016 with a technical and organizational governance structure and 30 founding corporate members. Initially, the Hyperledger Technical Steering Committee welcomed two business blockchain framework codebases into incubation: Hyperledger Fabric, a codebase combining work by Digital Asset, libconsensus from Blockstream and OpenBlockchain from IBM; and Hyperledger Sawtooth, developed at Intel’s incubation group.
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, Internet of Things, supply chains, manufacturing and Technology.
More information: https://www.hyperledger.org