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.
Why Create Hyperledger?
Not since the Web itself has a technology promised broader and more fundamental revolution than blockchain technology. A blockchain is a peer-to-peer distributed ledger forged by consensus, combined with a system for smart contracts and other assistive technologies. Together these can be used to build a new generation of transactional applications that establish trust, accountability, and transparency at their core while streamlining business processes and legal constraints.
Think of it as an operating system for marketplaces, data-sharing networks, micro-currencies, and decentralized digital communities. It has the potential to vastly reduce the cost and complexity of getting things done in the real world.
Only an Open Source, collaborative software development approach can ensure the transparency, longevity, interoperability, and support required to bring blockchain technologies forward to mainstream commercial adoption. That is what Hyperledger is about communities of software developers building blockchain frameworks and platforms.
Shared Ledger Database
Blockchain allows multiple different parties to securely interact with the same universal source of truth.
Create enterprise-grade, open source, distributed ledger frameworks and code bases
to support business transactions
Provide neutral, open, and community-driven infrastructure
supported by technical and business governance
Build technical communities to develop blockchain and shared ledger POCs, use cases, field trials, and deployments.
Educate the public about the market opportunity for blockchain technology
Promote our community of communities taking a toolkit approach with many platforms and frameworks.
Short Hyperledger History
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.
The governing board of Hyperledger, which now counts 21 members, partnered with Linux Foundation leaders to recruit an executive director. In May 2016, Apache Software Foundation co-founder Brian Behlendorf was appointed to the role. Behlendorf didn’t waste time helping the community determine its strategy. In September, he described the vision for Hyperledger as a business blockchain umbrella.
Over the remainder of 2016 and 2017, the Hyperledger Technical Steering Committee added seven more business blockchain codebases. Corporate and Associate membership ranks swelled to nearly 200. Of the 70+ open source organizations the Linux Foundation has launched, Hyperledger holds the distinction as the fastest growing.