#hyperledger development services

Hyperledger Blockchain Development Solutions in USA

Hyperledger Fabric is one of the top blockchain projects within Hyperledger. Hyperledger Fabric offers the ability to create channels, allowing a group of participants to create a separate ledger of transactions. At Mobiloitte USA , we build enterprise-level blockchain applications with the open-source hyperledger platform.

In this blog, explore how Hyperledger Firefly, powered by Hyperledger blockchain development services, can bring transparency and trust to your business process.

Understanding Hyperledger Firefly

Hyperledger Firefly is an open-source framework and a collection of software components created by the Hyperledger community. It’s designed to help build decentralized applications (dApps) and enterprise blockchain solutions. The goal is to provide a solid foundation for business networks that rely on distributed ledger technology (DLT) for secure and transparent transactions among multiple participants.

Hyperledger Firefly is a testament to the collaborative efforts of the Hyperledger community. It provides a stable and compatible basis for distributed ledger technology by utilising the combined expertise of its contributors. Businesses and developers may confidently manage the intricacies of blockchain technology with the help of this framework. It offers the tools and features needed to build robust blockchain-based applications and networks.

Firefly makes it easy to incorporate blockchain technology into a variety of business processes by emphasising data protection, scalability, interoperability, support for smart contracts, and extensibility. This opens the door to new opportunities for innovation and transparency in the digital age, enabling businesses to securely and efficiently conduct transactions while maintaining control over their sensitive data. In summary, Hyperledger Firefly is a versatile and powerful tool for those looking to harness the potential of blockchain technology.

Check It Out | Hyperledger Fabric for Aviation Parts Marketplace Development

Features and Capabilities of Hyperledger Firefly

The strength of Firefly lies in its modular and extensible architecture. It offers libraries, protocols, and tools that empower developers to craft customized blockchain solutions tailored to specific business needs. Here are some key features and capabilities of Hyperledger Firefly:

Data Privacy and Confidentiality

Firefly offers configurable data privacy controls. These controls allow participants to set rules for who can access certain data and how it’s encrypted, ensuring the protection of sensitive information.

Scalability and Performance

Firefly is engineered for high-throughput transaction processing. It’s flexible and can work with various consensus algorithms and network protocols to optimize performance, making it suitable for a wide range of applications.

Interoperability

Firefly excels at making different blockchain networks work together. It enables seamless integration and data sharing between multiple systems, allowing organizations to connect their existing technology and blockchain seamlessly.

Smart Contract Support

Firefly can execute smart contracts written in languages like Solidity and Chaincode (based on the Hyperledger Fabric project). These smart contracts improve the efficiency and dependability of transactions by automating and validating business logic on the blockchain.

Extensibility

Firefly’s modular architecture allows developers to extend and customize its functionalities based on specific business needs. This adaptability is essential for addressing the unique requirements of various industries and use cases.

Suggested Read | Hyperledger Use Cases | Unlocking New Opportunities in 2023

Hyperledger Development Services by Oodles

If you are looking for Hyperledger development services, then Oodles is the right place. Our developers offer expertise in various Hyperledger projects including Hyperledger Firefly. You can connect with our Hyperledger developers to start the discussion.

A modular architecture for creating enterprise-grade distributed ledger applications is offered by the open-source blockchain platform Hyperledger Fabric. It was created by the Linux Foundation’s Hyperledger project and is designed to address the needs of businesses that require a flexible, scalable, and secure platform for Hyperledger application development.

Using a plug-and-play design, Hyperledger Fabric is a platform for building enterprise-grade blockchain networks. Hyperledger Fabric uses Distributed Ledger Technology (DLT) to build a permissioned blockchain system. Unlike other platforms that require non-standard or domain-specific languages, it is the first platform where smart contracts can be created in general-purpose programming languages like Java, Go, and Node.js.

Hyperledger Fabric and other permissioned blockchains are not like other blockchains. This implies logically that since the participants are not anonymous, it is impossible to fully trust them. In essence, the network can be governed by a framework for handling disputes that are based on the confidence between participants.

Also, Check | Hyperledger Fabric for Aviation Parts Marketplace Development

We will look at how to build up a Hyperledger Fabric private blockchain network in this developer's tutorial. The test network will utilize two nodes to demonstrate the setup.

Setting up a Private Test Network

To run a Docker-based fabric test network these are the prerequisites:

1. Install the latest version of git if it is not already installed.

$ sudo apt-get install git

2. Install the latest version of cURL if it is not already installed.

$ sudo apt-get install curl

3. Install the latest version of Docker if it is not already installed.

$ sudo apt-get install -y install docker-compose

Install Fabric and Fabric Samples

$ curl -sSLO https://raw.githubusercontent.com/hyperledger/fabric/main/scripts/install-fabric.sh && chmod +x install-fabric.sh

$ ./install-fabric.sh docker samples binary

Run the Fabric Test Network

1. Clone Fabric Samples git repo

$ git clone https://github.com/hyperledger/fabric-samples.git

2. Go to fabric-samples/test-network

$ cd fabric-samples/test-network

3. Start the test network

$ ./network.sh up

It will produce the following output

Creating network “fabric_test” with the default driver Creating volume “net_orderer.example.com” with default driver Creating volume “net_peer0.org1.example.com” with default driver Creating volume “net_peer0.org2.example.com” with default driver Creating peer0.org2.example.com … done Creating orderer.example.com … done Creating peer0.org1.example.com … done Creating cli … done CONTAINER ID IMAGE COMMAND CREATED STATUS PORTS NAMES 1667543b5634 hyperledger/fabric-tools:latest “/bin/bash” 1 second ago Up Less than a second cli b6b117c81c7f hyperledger/fabric-peer:latest “peer node start” 2 seconds ago Up 1 second 0.0.0.0:7051->7051/tcp peer0.org1.example.com 703ead770e05 hyperledger/fabric-orderer:latest “orderer” 2 seconds ago Up Less than a second 0.0.0.0:7050->7050/tcp, 0.0.0.0:7053->7053/tcp orderer.example.com 718d43f5f312 hyperledger/fabric-peer:latest “peer node start” 2 seconds ago Up 1 second 7051/tcp, 0.0.0.0:9051->9051/tcp peer0.org2.example.com

The Components of the Test Network

$ docker ps -a