with IP rights; the Hyperledger proj ect was founded by the Linux foundation in
2015 .
In the Hyperledger Fabric network, a trusted MSP does the enrolment of
members.
The support of MSPs, multiple formats to store ledger data, and consensus
mechanisms that can be swapped in and out by using pluggable options are
offered by the Hyperledger Fabric.
It may be that some participants are competitors to each other and do not want
the transactions they make on the network to be shared, for them, a special
price is offered known to every participant, the option available for them is that
the two participants forming a channel will only be able to have copies of the
ledger for that channel, and no others.
Shared ledger
The ledger subsystem of Hyperledger Fabric has two components: the world
state that describes the state of the ledger, which is the database of the ledger at
a given point in time and to identify the Hyperledger Fabric they belong to and
the transaction log is used where each participant has a copy of the ledger,
recorded by the transaction log component, the world state update history is
the transactions that have resulted in the world state current value.
The combination of the world state database and the history of the transaction
log is the ledger. By default, a key-value store database stores the world state, a
replaceable data store is contained in the ledger.
The blockchain network uses the ledger database records, which record the
before and after values using the transaction log and does not need to be
pluggable.
Smart contracts
Smart contract businesses should define a common set of contracts that would
cover the terms, the data used, rules, concept definitions, and the processes
before performing transactions with each other.
When the smart contract is executed, the implementation of the governance
rules is automatically enforced for any type of business obj ect. These contracts
have taken together layout the business model that governs all of the
interactions between transacting businesses.