Akin to an operating
network for marketplaces, the work being curated in this area aims to improve
the performance and reliability of systems that support global business
transactions within finance, banking, supply chains, manufacturing, healthcare
and a score of other industry niches.
In 2016, Hyperledger began
accepting proposals for codebase incubation and other core element
technologies. And on July 11, the project announced its production-ready Hyperledger Fabric 1.0,
the next iteration of progress for its community of software developers in
their ongoing efforts to establish a new frontier for blockchain frameworks and
Integration of Ledger Systems
today’s transactional ledger systems are siloed and disconnected. While value
transfers are relatively easy in one country, or where senders and recipients
have accounts on a common network or ledger, sending value to those on
different networks or ledgers has proven to be challenging and complex.
Moreover, these connection rails often require manual use and are slow and
effort to address these issues, Hyperledger has recently launched another
project called “Hyperledger Quilt” that’s
tethered to the Interledger protocol.
Known as “ILP,”
Interledger is a protocol that allows for the efficient delivery of
transactions across ledgers. Protocol standards and specifications that are consistent
with World Wide Consortium guidelines are thereby being procured by the open-source
Quilt represents a Java-centric, enterprise-level deployment of the protocol.
It provides libraries and reference implementation of the core Interledger
elements as well as in-time ledger integrations for myriad other Hyperledger
purpose here is to fuel interoperability among ledger systems by implementing
ILP, which has primary use as a payments protocol for value transfers across systems
— both of the distributed and non-distributed ledger variety. This protocol has
the added benefit of establishing a global account namespace in addition to
functioning as a protocol for synchronized atomic swaps between various
solution is seen as the next phase of Hyperledger’s roadmap of business
blockchain technology initiatives involving distributed ledger frameworks,
smart contract engines, client libraries, graphical interfaces, utility
libraries and sample applications. Via the Interledger protocol, Quilt strives
to deliver rules, standards and use cases for interoperability-based
of Quilt is viewed as a promising development for the Hyperledger community.
Developers are encouraged to participate in this ambitious endeavor via GitHub, Rocket.Chat, Wiki or through its mailing list. Hyperledger’s ongoing project
development can be followed on its website as well as