The Hyperledger open source group, which works on blockchain code, issued its first release.
The Hyperledger Fabric 1.0 release is the culmination of work by 159 engineers from 28 organizations that have contributed to the Hyperledger group hosted by the Linux Foundation.
Hyperledger Fabric is one of eight Hyperledger projects to be incubated. Hyperledger Fabric is a blockchain framework, intended as a foundation for developing distributed ledger technology for blockchain business applications.
Although Hyperledger Fabric is not the first of the frameworks to release code, it is the first framework to reach 1.0 status, meaning it is the most mature of the Hyperledger technologies at this time, according to a Linux Foundation spokesman.
The release of Hyperledger Fabric 1.0 comes after about a year of public collaboration, testing, and validation. The Hyperledger technical community has determined that it is now ready for production deployments.
The software offers a modular architecture allowing components, such as consensus and membership services, to be plug-and-play. It uses container technology to host smart contracts called “chaincode” that comprise the application logic of the system. The software is designed to meet key requirements for permission-based blockchains with transaction privacy.
The umbrella Hyperledger open source project is focused on business applications of blockchain technology, as opposed to cryptocurrency applications. Hyperledger Executive Director Brian Behlendorf last month told SDxCentral that the group, which was founded in 2015, is the fastest growing project in the history of the Linux Foundation.
The project has grown to more than 145 members since its inception, spanning various industries including finance, healthcare, the Internet of Things (IoT), credit card services, supply chains, and aeronautics.
Based on a slew of testimonials in today’s Hyperledger Fabric 1.0 announcement, numerous companies are already using the code to build business applications.