Blockchain, Featured

Why Intel, Microsoft Azure And Hyundai Embrace Hyperledger Fabric

Hyperledger Fabric is a blockchain framework implementation who provides a modular architecture to a foundation for developing applications and solutions. Container technology is used to host those chain code: smart contracts which are used to compose the application logic of the system with the main aim to implement the modular architecture. Membership services and consensus are the components and the blockchain framework implementation makes these components to be plug-and-play.

Challenges such as centralization, manual processes, and lack of trust can lead to slower transactions and more business expenses and Blockchain technology provides a way to resolve these challenges. The Blockchain helps transactions with transparency, privacy, anti-tampering protections, and traceability that reduce costs and improve efficiency in results.

Intel® Select Solution for Blockchain: Hyperledger Fabric reduces infrastructure evaluation time along with the optimization of price and performance. It provides a verified and tested solution in order to address concerns with deployment complexity, scalability, infrastructure overhaul and the best platform selection for relevant business models. The solution is based on high-performance Intel® Xeon® Scalable processors and reliable Intel® Solid State Drives (SSDs) and its main work is to simplify the blockchain deployment on Hyperledger Fabric along with the addition of modularity and enterprise-grade privacy.

It is available in a “Base” configuration and the main purpose of the configuaration is to specify a minimum performance capability requirement for themselves. It combines the Intel® 3D NAND SSDs, the Intel® Ethernet 700 Series and the Intel Xeon processor Scalable family in order to provide a quick reliable blockchain solutions deployment to businesses. It also combines Intel SSDs, Intel® Ethernet Network Adapters and Intel Xeon Scalable processor platform in order to empower enterprises with the main aim to harness comprehensive and reliable solutions. The solutions can make their organizations to prepare future blockchain infrastructure investments, generate an excellent total cost of ownership (TCO) with general-purpose hardware, and use a turnkey solution with a rich development toolset in order to accelerate time to market, The official website of Intel reported.

The open-source blockchain platform Waves has partnered with an open, flexible, enterprise-grade cloud computing platform Microsoft Azure in order to enable those developers who want to create their own smart contracs on both public and private ledgers. Microsoft is an American multinational technology company who wants to develop those applications which are based on Decentralized Identity, Serverless Computing, the Internet of Things and big data and analytics. The company has built solutions with Hyperledger Fabric, Corda and Ethereum for the applications development and learnt many things from their partnership, BTCmanager reported.

The corporate finance company providing leasing and financial services for construction equipment and commercial vehicles Hyundai Commercial collaborated with IBM in order to work on blockchain technology and cloud based-Artificial Intelligence (AI) with the main objective to expand their financial services business along with the improvement of worldwide customer experiences. Hyperledger Fabric is basically used to develop a new supply chain finance ecosystem in order to automate manual processes, reduce lead times, save money, and secure transactions and the ecosystem is provided to participants of Hyundai Commercial, PR Newswire reported.

[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]
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Shabnam Dhar is a Copy Editor for OWLT Market.

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