Top 6 technical advantages of Hyperledger Fabric v1.0 for blockchain networks
With its potential to radically transform industry operating models, blockchain is one of the most exciting new technologies on the planet. When selecting a blockchain platform for your industry solutions, what are the most important attributes to consider? This top-6 list counts them down.
If you’re just getting acquainted with blockchain concepts, take a look at Welcome to Fabric. Hyperledger Fabric, version 1.0, is the leading open-source, general-purpose blockchain fabric built for enterprises. It’s the backdrop for the 6 essential attributes of enterprise-ready blockchain networks that we detail here.
1 Permissioned membership
Hyperledger Fabric is distinguished as a platform for permissioned networks, where all participants have known identities. When considering a permissioned network, you should think about whether your blockchain use case needs to comply with data protection regulations. Many use cases — in the financial sector and healthcare industry, in particular — are subject to data protection laws that require knowing who the members of the network are and who is accessing specific data.
For example, consider a private equity company. By definition, a private equity is not publicly traded on the stock exchange, and its investors are typically venture capital firms, private equity firms, or angel investors. The participants in this network need to be known and have credibility in capital to invest to be able to participate in the blockchain.
2 Performance, scalability, and levels of trust