UC Blockchain Development Discussion

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funaxre759

Computer Science

University of cumberlands

Description

    • Choose one of the Hyperledger design principles described in chapter 2 that you found to be most interesting.
    • Explain why you found your chosen design principle to be interesting, and why it is important to a successful enterprise blockchain implementation.
    • Think of three questions you’d like to ask other students and add these to the end of your thread.

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BLCN 532 Blockchain development Chapter 2 Professor Michael Solomon Chapter 2 • Exploring Hyperledger Fabric • Frameworks, tools, and building blocks • Component design • Sample transaction lifecycle • Governance in business networks The Linux Foundation Fundamentals of the Hyperledger Project • Open source technology development Hyperledger • Open source project • Purpose is to advance crossindustry blockchain Lower cost of software consumption Open Source / Open Standards Innovation and extensibility Sustainable development and innovation stream Security and reliability Speeds up development and market adoption Hyperledger Frameworks Iroha – mobile development projects Sawtooth – focus is versatility, includes a new consensus algorithm (Proof of Elapsed Time) Burrow – meets the Ethereum Virtual Machine (EVM) specification Fabric – general blockchain foundation Indy – support for independent identites Frameworks and Tools Explorer – view blockchain data Cello – implements a blockchain service Hyperledger Tools Composer – collaboration tools for blockchain development Quilt – integration protocol Caliper – blockchain benchmark tool Blockchain building blocks Hyperledger Fabric Components Principles of Hyperledger Design MODULAR AND EXTENSIBLE APPROACH INTEROPERABILITY TOKEN AGNOSTIC APPROACH FOCUS ON SECURE SOLUTIONS FOCUS ON RICH AND EASY-TO-USE APIS Hyperledger Fabric Reference Architecture Hyperledger Fabric Runtime Architecture Separates development design from runtime Advantages of componentbased design Discerning between design imperatives and deployment capabilities Incorporates network design principles Addresses channel design principles Adopts Hyperledger Fabric composer model-driven development Journey of a Sample Transaction Hyperledger Fabric Actors Developer Interaction Body that establishes rules Blockchain governance is distributed Governance • Degree of distribution depends on cooperation between nodes Aspects of blockchain governance • IT governance (risk) • Network governance • Business network governance Summary • Hyperledger Fabric – modular blockchain • Understanding the modular approach and main components is important • Transaction flow • Endorsement • Ordering • Validation • Governance is necessary to maintain blockchain network operation
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Blockchain development
One of the Hyperledger principles that I found to be the most interesting is the focus on
secure solutio...


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