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:
What does this mean for Oracle Blockchain Cloud Service and Oracle customers?
For more information on the benefits of Oracle’s Blockchain services, please visit: https://www.oracle.com/blockchain