Hyperledger Blockchain Development

Designed to address the challenges of highly regulated enterprises that work with a multitude of participants, Hyperledger is a natural extension of traditional blockchain technology.

For Hyperledger, many transactions were processed through extranets. Companies had to switch between their internal systems and external networks with several contractors and business partners.

Thanks to the blockchain, it has gained a higher speed, but key business processes are still slow.

The Merehead team is studying in detail all the latest Blockchain technologies, as this is an opportunity to eliminate most errors, get rid of unnecessary paperwork and intermediaries.

Hyperledger has become one of our priorities. Why? This is a new page in the collaboration of companies and even different industries. If you feel that the external activities of your business may be better, our team is ready to provide a solution.

We work with all platforms

Hyperledger is not a blockchain or cryptocurrency. This is a technology for combining industries that are focused on the use of blockchain. The Linux Foundation team has created several platforms that depend on business needs.

Merehead specializes in blockchain development and supports the idea of a full-scale implementation of this technology. Therefore, we work with all the tools that have become available thanks to the blockchain.

With Hyperledger Burrow, we develop scripts to execute the code for March contracts in accordance with the Ethereum specification. Burrow acts as the core of a smart contract application, the main task of which is to safely and efficiently execute and process contract programs.

With Hyperledger Indy, we provide decentralized digital identity management. This project aims to replace the prevailing authorization mechanisms, such as the combination of "Username and Password".

Indy lets you make an ecosystem for safe identification. How? User personal data is not stored in its register. Instead, Indy accesses the blockchain it is associated with to verify that the organization has issued personal credentials.

With Hyperledger Fabric, we develop networks where the identities of all participants are known. Fabric registers members through a proxy and ensures data privacy from external sources. However, within the system, personalities are known. What for? Such a network is useful for sectors in which it is important to know who exactly gets access to information (healthcare, finance, etc).

Hyperledger Sawtooth is a platform for building distributed networks and applications. It allows affiliated companies to define permissions and transaction rules. Thus, companies that cooperate on the basis of this platform always follow the requirements, otherwise the system simply will not confirm fulfillment of obligations.

With Hyperledger Iroha, we create effective applications for the financial sector. The platform has a failsafe consensus that is well suited for managing digital assets and provides very low delay. Iroha peers are verification nodes that can distribute partially signed transactions by protocol as part of multi-signature transactions.

During the development of nodes and scripts of Hyperledger, we actively use all the tools of this technology. Among them are Caliper (a tool for evaluating blockchain performance), Cello (reduces the effort required to deploy and maintain a blockchain), Explorer (explorer for creating custom web applications), Composer (development environment) and others.

How Hyperledger Improves Different Industries

The Merehead team works for companies from various fields. Thanks to this, we were able to highlight the key points that affect each technology. Blockchain has a significant impact on improving business processes. And the companies that came to use Hyperledger showed even better results.

By developing Hyperledger nodes for the financial sector, we were able to provide instant settlements, simplify blockchain payment processing, improve capital optimization and reduce counterparty risks. Also, this technology has eliminated the problems of error handling and coordination.

For the insurance industry, we developed scenarios that allowed us to reduce the processing time and order fulfillment, improved KYC compliance, reduced the risk of identity theft and increased protection against fraud.

Working with the media industry, our team created applications that enabled transparent and monetized exchange of content, established the distribution of royalty payments in real-time, and improved measures to combat piracy and copyright violation. In this industry, Hyperledger showed itself in all its glory, as it significantly increased the protection of data authors content.

By incorporating Hyperledger into healthcare organizations, the Merehead team has provided traceable drug and medicine supply chains, simplified work with medical records, and set up a secure exchange of medical information between providers and insurers.

We created scripts and applications based on Hyperledger for almost every major industry. The result everywhere was the same: increasing efficiency and security, simplifying work with data. We do not claim that Hyperledger is a panacea for all diseases. But this technology can significantly improve business globally.

Why Hyperledger Business

The answer lies in the very goal that the Linux Foundation pursued when creating Hyperledger. It is not needed specifically for your company, but for all industries that are associated with the blockchain. This technology is changing the way that business operations are conducted globally. It aims to increase productivity, streamline new projects and provide better quality services by eliminating errors.

Productivity increase. Hyperledger uses the division of labor technique to accelerate workflows. It determines the strengths of each network element and accordingly distributes the load.

Data distribution. Confidentiality of individual information elements cannot be achieved by sharing data on the blockchain. Hyperledger offers physical sorting of sensitive data. Hyperledger-enabled channels allow you to distribute information only to parties who need to know this to fulfill their obligations.

High speed. Transaction speed is one of the main obstacles to acceptance of blockchain technology. Hyperledger can handle up to a thousand transactions per second.

The modular architecture allows developers to create their own plug-in components. They can be entered at any time, without the need to rebuild the system from scratch. Thus, the optimization of any process is possible without stopping the network.

Become a part of a successful system

Hyperledger is a whole community for developing business on the blockchain. Every year more and more companies try this technology and get positive results.

If you are sure that your business also needs a blockchain, or you connected it, but still feel problems, then Hyperledger-based solutions can fix the situation.

With extensive experience working with this platform, we are introducing our own solutions to improve the performance of your system and optimize business processes. Contact us for more information.