- Unveiled in December 2015, the Hyperledger project (HLP) is a collaborative effort started by the Linux Foundation which involves financial services, technology companies and blockchain startups (incl. Digital Asset Holdings, IBM and the R3 consortium among others).
- The project’s objective is to create an open source, cross-industry, modular distributed ledger framework that supports different components for different blockchain use-cases.
- Three founding members, Blockstream, Digital Asset Holdings and Ripple have contributed their codebases to help develop open protocols and standards.
- As of beginning of 2016, HLP had over 80 NDAs in place with financial institutions.
- Real time transactions: confirmed in less than a second and able to process thousands of transactions per second due to its consensus algorithm.
- Collaborative: open source allows continuous contributions from members.
- Private: ledger ensures sensitive trade data is private, both from the public and other participants of the ledger network.
- Trustworthy: all validators are known and can fall back on existing legal systems should problems arise.
How To Use:
Interested users can access the open code on Github through Hyperledger’s site.