2018 Will Bring Breakthrough Blockchain Developments

Brian Behlendorf is confident 2018 will be a peak year, not only for Hyperledger, the international consortium of companies and organizations developing authoritative, open source blockchain technology, but also for blockchain technology in general, as companies and governments recognize the potential. power of distributed ledgers. and smart contracts.

“2018 will be the year that Hyperledger and blockchain become a reality. This year, projects that demonstrate real solutions, such as Change Healthcare, will be launched that will enable healthcare systems to process claims and payments better and efficiently.”

Hyperledger, founded in 2015, incubates and promotes blockchain technologies for businesses, including distributed ledgers, client libraries, graphical interfaces, and smart contract engines.
Its 200 members include leading companies in finance, banking, the Internet of Things, supply chains, manufacturing and technology development.
“2017 was a pivotal year for Hyperledger for both new members and new technical advancements. In 2017 we doubled our membership, winning companies like American Express, Cisco, Daimler and Baidu, and we expected more companies and organizations to join in 2018, “Behlendorf said.
“On the technical side, 30 companies and over 100 developers helped launch the first production-ready Hyperledger blockchain framework called Hyperledger Fabric,” she added.
According to Behlendorf, an important part of Hyperledgers’ mandate is also to help educate and train the workforce for the many new blockchain opportunities coming in 2018.
“We are delighted to have launched our new Resource Center and our online blockchain course is a huge success with over 45,000 subscribers and an average of 2,500 new registrations per week.”

Hyperledger Blockchain Structures
In 2018, Hyperledger will begin implementing a number of frameworks and platforms currently in incubation.
“Interoperability in a multi-blockchain world will be the main focus in 2018. Several Hyperledger projects are exploring integrations with each other, including Hyperledger Sawtooth and Burrow and Indy, Composer and Quilt. “

Behlendorf hopes 2018 will also see some experimentation with different levels of authorized access to blockchain networks.
He noted that permissionless and permissionless is more of a specter than a binary notion, and an important question is what is the cost of joining a node to a network on any blockchain platform.
By reducing the cost of joining a network registry, Hyperledger hopes to enable new use cases and ways to solve problems.
“Hyperledger was started by a group of developers very focused on modestly licensed registries, so that’s where the initial work took place, but there’s no hard cap on that. Full frame without permission,” he said. Behlendorf. “I must point out that our projects, including Hyperledger Indy (for identity), Hyperledger Burrow (for smart contracts), Hyperledger Quilt (for interoperability) and Hyperledger Composer and Cello (tools for developers) are agnostic about mechanisms. consent and would work well with permissionless approaches. “
Expect to see the following Hyperledger releases in 2018:

Quilt will offer interoperability between ledger systems by implementing ILP, which is a payment protocol designed to transfer value between distributed and undistributed ledgers.
Sawtooth is a blockchain platform for creating and managing distributed ledgers. Sawtooth includes Proof of Time Elapsed (PoET) and a new consensus algorithm that is maintained without a central authority. It was originally proposed by Intel. Iroha is an enterprise blockchain framework for infrastructure projects that require the use of distributed ledger technology. Includes a string-based Byzantine fault-tolerant consensus algorithm. Soramitsu, Hitachi, NTT DATA and Colu originally proposed this framework.
Burrow is a smart contract creator with a licensed smart contract interpreter included.
Indy is a distributed ledger with a decentralized identity designed to create independent digital identities across blockchains. Composer is an open development toolkit designed to facilitate the integration of existing business systems with the blockchain.