Nowadays blockchain technology is creating a lot of headlines but it is very little about what is blockchain and how to use it. I tried to dig into the blockchain technology and found Hyperledger Project developed by Linux Foundation, to support the collaborative development of blockchain-based distributed ledgers. Hyperledger Fabric is one of the hyperledger projects but before introducing hyperledger fabric we should know what is blockchain. We will go through them one by one briefly.
What is blockchain?
The main component of blockchain is distributed ledger that records all the transaction that take place in the network. In blockchain, a ledger is replicated across many network participant, each of whom collaborates in its maintenance.
Collaboration and decentralization are what makes the blockchain powerful and ideal for the business to make transactions.
Blockchains are also described as the system of proof because we can only append into blockchains and use…
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