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  • March 20, 2018

Open Source Community launches Hyperledger Fabric v1.1!

Jay Chugh
Senior Director, Products

Hyperledger Fabric v1.1 is here!

Oracle Blockchain Cloud Service is based on the Open Source Hyperledger Fabric v1.0, so naturally the launch of Hyperledger v1.1 from the open source Hyperledger community is a welcome innovation for Oracle Blockchain Cloud Service and its customers.

Hyperledger Fabric is a blockchain framework implementation and one of the Hyperledger projects hosted by The Linux Foundation. Hyperledger Fabric allows components, such as consensus and membership services, to be plug-and-play. Hyperledger Fabric leverages container technology to host smart contracts called “chaincode” that comprise the application logic of the system.

Hyperledger Fabric v1.0 was launched back in July 11, 2017 by the Hyperledger community. Since then the community has been firing on all cylinders, and in just 8 short months the community has released Hyperledger v1.1. The new release contains a lot of software goodness that will enable newer blockchain capabilities and use cases for Blockchain practitioners across all industries. 

Oracle’s Deepak Goel, Sr. Director Product Development, summarized it well “The strength of the development community was a key reason behind Oracle’s decision to join the Hyperledger Project, and  Hyperledger Fabric 1.1 is a significant improvement we are excited to see materialize. Fabric 1.1 features, such as Node.js chaincode, enhanced security and improved performance can help address some of the key user concerns and we look forward to including these in Oracle Blockchain Cloud Service.”.

Some of the key new features in Hyperledger Fabric v1.1 include:

  • Node.js chaincode support- developers can now author chaincode using the most popular framework for the world’s most popular programming language (JavaScript)
  • Channel based event service – to enable clients to subscribe to block and block transaction events on a per-channel basis.
  • Ability to package CouchDB indexes with chaincode, to improve performance
  • Ability to generate certificate revocation lists (CRLs)
  • Ability to dynamically update client identities and affiliations
  • Node.js SDK connection profiles to simplify connections to Fabric nodes
  • Mutual Transport Layer Security (TLS) between Fabric nodes, and between clients and nodes
  • Ability to encrypt ledger data for confidentiality using the chaincode encryption library
  • Attribute-based Access Control in chaincode
  • Chaincode APIs to retrieve client identity for access control decisions
  • Performance improvements for transaction throughput and response time

What does this mean for Oracle Blockchain Cloud Service and Oracle customers?

  • Oracle recognizes the importance of innovations by the Hyperledger community and open source communities in general, and keeps a close eye on such innovations on behalf of its customers and partners. 
  • Oracle customers will be benefit from latest open source innovations automatically once they sign up for Oracle Blockchain Cloud Service because Oracle incorporates updates from open source in due course while minimizing risk and cost for customers.

For more information on the benefits of Oracle’s Blockchain services, please visit: https://www.oracle.com/blockchain

 

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