Consensus network

Forming a blockchain network that is responsible for maintaining a

consistently replicated ledger is a collection of network data and its

processing peers that form a consensus network.

Participation membership

The membership manages the identity of the participants and transaction

certificates and other aspects of permissioned access.

Triggering events

The notification of significant operations on the blockchain is created by

the events, for example, the notifications related to smart contracts and

the creation of a new block. Event distribution is not included here.

Systems management

To create, change and monitor the blockchain components is the j ob of

systems management.

Wallet

The wallet manages a user’s security credentials in a secured way.

Systems integration

Though not a part of blockchain, systems integration is used and it is

responsible for integrating the blockchain bi-directionally with external

systems.

Permissioned ledger access flow

The following figure shows the permissioned ledger access flow: