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Intel Corporation, a Santa Clara, CL-based multinational corporation and technology company, has launched a commercial blockchain package based on the Hyperledger ecosystem. The company has announced that the new blockchain product will enable businesses to launch their own blockchain network fast and effectively.
Hyperledger is an umbrella project of open source blockchains and related tools, which is created to advance cross-industry blockchain technologies. The hyperledger project was started by Linux Foundation and is supported by IBM, Intel, SAP, and many other industry leaders in the field of finance, banking, IoT, supply chains, manufacturing, and technology. The open source software development approach of Hyperledgers will ensure the transparency, longevity, interoperability, and support required to bring blockchain technologies forward to mainstream commercial adoption.
The ecosystem of Intel’s blockchain package is based on Hyperledger Fabric, which is a foundation for developing an application or other solutions with a modular architecture. It will also use Intel’s hardware like Xeon processors and Ethernet Network Adaptors. The new product contains the base configuration that is necessary to launch a Hyperledger-based blockchain.
Blockchain technology has become the cream of the crop since its inception. Many industry leaders are emphasizing on the use of this technology in their applications and processes. Blockchain’s claim to fame is its excellent security and traceability features. Many other players are also making entry into Hyperledger-driven blockchain platform. For example, IBM has launched its own Hyperledger-based blockchain platform in its data center that will allow customers to operate their applications on IBM’s cloud. Microsoft also released Azure, which is a blockchain-development kit. The kit is a serverless solution, which contains features like off-chain identity and data. It can also be used in monitoring and messaging application programming interfaces (API) in a format that can be used to develop block-driven applications.