Hyperledger Releases 2.0 Version Of Open Source Fabric Software

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  • The new version has also added data privacy feature on a need-to-know basis
  • Hyperledger was established in 2015 by the Linux Foundation

Hyperledger has released the second version of its open-source distributed ledger (DLT) platform named Hyperledger Fabric. This version brings new features like decentralised governance of smart contracts and data privacy on a need-to-know basis.

“The release of Hyperledger Fabric 2.0 is an important step forward in the on-going evolution of DLT, and was developed based on feedback from real-world use, including improved chaincode management capabilities and performance enhancements. The Depository Trust and Clearing Corporation’s (DTCC) work with Hyperledger enables us to bring DLT expertise and knowledge in-house while contributing our learnings and progress on enterprise-scale projects with the DLT community”, said Rob Palatnick, managing director and global head of technology research and innovation at DTCC and governing board chair at Hyperledger

Build applications with a modular architecture

Hyperledger was established in 2015 by the Linux Foundation. It supports different blockchain and DLT projects and aims to improve system performance and reliability. Hyperledger Fabric is one of its projects. It is a permissioned blockchain where enterprises can build applications with a modular architecture.

This version of the Hyperledger Fabric had added a management process for installing and starting a chaincode. This chaincode lifecycle allows multiple parties to agree on a chaincode’s parameters before letting the chaincode interact with the ledger.

Data privacy feature on a need-to-know basis

The new version has also added a data privacy feature on a need-to-know basis. Organisations will be able to share private data with members without defining channels for many combinations of members. The version also brings a new external chaincode launcher and a consensus type of Raft.

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