The advancement of blockchain technology and new improvements have provided some clear evidence of blockchain’s potential. Hyperledger Fabric has earned a distinct reputation among the various prominent blockchain frameworks. Many ambitious blockchain experts want to learn how to use Hyperledger Fabric and put it to use in real-world scenarios.

Hyperledger first made waves in the mainstream in 2016 as an open-source collection of projects and technologies aimed at making blockchain development more efficient. Hyperledger’s efficiency was heavily reliant on improved collaboration between developers and businesses using distributed ledger technology.

Enterprises are looking for the right solutions to make the most of blockchain as the usage of blockchain applications continues to expand. What role will Hyperledger apps play in these scenarios? With a full introduction of the platform’s relevance, the subsequent discussion will help you unearth the various uses of Hyperledger Fabric.

Hyperledger Fabric is a type of distributed ledger technology.

The definition of Hyperledger Fabric is the first thing you should grasp before diving into any Hyperledger Fabric application examples. The best basis for learning about the tool’s applications is to have a deeper grasp of the tool itself.

References to versatility and modularity are among the two unique characteristics. With Hyperledger Fabric’s modular architecture, you can easily support a wide range of industry use cases, including blockchain technology. Plug-and-play aspects like permission services, consensus, and privacy can help users get the most out of Hyperledger blockchain applications.

Hyperledger Fabric’s features and architecture might assist you in determining the best foundation for your applications. Insights into Hyperledger blockchain applications, on the other hand, may assist you in determining the value behind the blockchain architecture. Here is a few notable Hyperledger Fabric uses.

Top 5 Use Cases for Hyperledger

1. Traceability of diamonds

A terrible issue facing organizations today is the tracking of valuable items. Diamonds, for example, are one of the most valuable physical assets. On the other hand, the diamond mining business is quite complicated because the stones must pass through several companies before reaching retailers.

As a result, Hyperledger applications can aid in the resolution of fraud and double-spending issues in the diamond mining industry. Different industries like fashion and jewelry producers can benefit from this. In such scenarios, how will Hyperledger Fabric be useful?

The blockchain framework can assist in tracking and documenting all transactions, ensuring that the entire process is transparent. Take, for example, the diamond mining industry. With the support of Hyperledger Fabric, agents participating in diamond mining can form a consortium.

From 7 days to 2.2 seconds for Walmart to trace the source of sliced mangos using @IBMBlockchain #BlocklandCLE18 @Hyperledger Fabric @JerryCuomo pic.twitter.com/tpFpEXLjZP

— Chris Ferris 💉 💉 💉 😶‍🌫️ (@christo4ferris) December 4, 2018

2. Digital Personality

Without mentioning the use cases in digital identification, a Hyperledger Fabric application lesson is inadequate. With the dramatic increase in data breaches and cyber-attacks, businesses are progressively seeing losses in data and network security.

Traditional network security systems are incapable of meeting the demands of robust security. As a result, businesses are turning to blockchain technology to protect sensitive data. Hyperledger Fabric’s use as a permissioned blockchain could aid in successfully restricting access to digital credentials.

Mine-to-manufacture traceability is a private permissioned blockchain built on Hyperledger Fabric using facial recognition and QR scan codes to trace the mining, distribution & every step between of tantalum. Read more about this brand new case study here: https://t.co/3DGJjc23vS pic.twitter.com/lYiWq5OiX5

— Hyperledger Foundation (@Hyperledger) February 4, 2019

Also, read – The Top Three Applications of Distributed Ledger Technology (DLT)

3. Electronic Payments

One of the most well-known Hyperledger Fabric applications is that of digital payments. Hyperledger is a decentralized private blockchain network that allows two parties to conduct secure transactions. The use of Hyperledger Fabric in Interledger demonstrates the efficiency with which international payment systems can be developed. It can also ensure that all payment systems communicate with one another. It would be based on the idea of creating several ledgers to facilitate transaction processing across similar channels.

Interledger, a Hyperledger application, has the potential to set new standards in the finance sector. Interledger is designed in such a way that anyone can pay anyone else for very little money. Most importantly, it has the potential to revolutionize cross-border payments between two parties by eliminating the requirement for separate payment service accounts.

4. Food Distribution System

The food supply chain management initiatives are shaping up to be the most important use case for Hyperledger Fabric. A variety of industries have used Hyperledger to track product processing throughout the manufacturing process. The Hyperledger Fabric application lesson will also show you how businesses are actively participating in building consortiums utilizing the tool.

Surprisingly, several businesses have been using Hyperledger to track items throughout their whole manufacturing process. Businesses use fabric to form consortiums that can improve the food supply chain while also winning customer trust.

Authorized users can access food supply chain data according to their choices using Hperledger Fabric. Users could view the entire history as well as the current position of any food item. Such methods can assist in quickly detecting the source of faults.

https://t.co/xYmfpMuDO7
IBM launches tool to help grocery stores track food on the blockchain#blockchain #bitcoin #crypto #ICO #fintech #hyperledger #IBM

— BIGDATAGUYS (@BigDataGuys) October 8, 2018

5. Business-to-Business (B2B) Contracts

B2B contracts are the most recent addition to the list of Hyperledger Fabric applications. Enterprises can eliminate the requirement for business contracts to be codified, which can aid in the automation of contractual agreements. B2B contracts are one of the top Hyperledger Fabric application examples since they allow for a lot of value-based benefits. Smart contracts could be used by businesses to automate contractual agreements between different parties.

Furthermore, the cryptographic capabilities of blockchain can aid in the security of data in commercial agreements involving two or more parties. Hyperledger Fabric’s network-within-network architecture yields the most advantageous results in this situation. The information in B2B contracts is totally secure thanks to the different channels for interactions between parties.