The upcoming chapter is on Blockchain Trends where we shall discuss

Blockchain-as-a-service (BaaS), the platform—

what it offers, interfaces –

what they include, Infrastructure and Network, Enhanced Security and

Analytics, Maj or Players include Microsoft Azure, Amazon Web Service

(AWS), IBM Cloud, and Oracle blockchain.

Keywords

Hyperledger Fabric: A platform for distributed ledger solutions Hyperledger

Fabric has a modular architecture that delivers a high degree of confidentiality,

resiliency, flexibility, and scalability. The complexity existing across the

economic ecosystem is accommodated by its design which supports pluggable

implementations of different components.

Shared ledger: The world state and the transaction log are the two

components of the ledger subsystem of Hyperledger Fabric, where each

participant has a copy of the ledger to every Hyperledger Fabric network they

belong to.

Smart Contract: The definition of the rules between different organizations in

executable code is contained in the smart contract. A smart contract is invoked

by applications to generate transactions that are recorded on the ledger.

Privacy: Depending on the needs of the network, the participants in a B2B

network might be extremely sensitive about how much information they share.

There is support from Hyperledger Fabric when privacy is a key operational

requirement and networks are open.

Consensus: The transactions must be written to the ledger in the order in

which they occur, even though the transactions are between different sets of

participants within the network. As per the design of Fabric, a consensus

mechanism best represents the relationships that exist between participants can

be chosen by network starters.

Hyperledger greenhouse structure: A global, open-source consortium that

serves as a “greenhouse” bringing users, developers, and vendors from diverse

industries together for the advancement of cross-industry blockchain

technologies hosted by the Linux Foundation is Hyperledger.