Hyperledger Fabric

Hyperledger Fabric is another important component of the CIC Chain architecture. It is another enterprise-grade blockchain platform that is designed to provide a modular and scalable approach to developing blockchain applications. This makes CIC Chain more versatile and easier to use in terms of developing real-world utilities which are powered by the chain.

Hyperledger Fabric offers a number of features that make it an ideal choice for businesses and developers, including:

  • Modularity: Hyperledger Fabric is designed to be modular, allowing developers to plug in their own components and customize the platform to meet their specific needs.

  • Scalability: It is designed to be scalable, with support for multiple channels that can handle different transactions and participants.

  • Privacy: Hyperledger Fabric offers support for private transactions and channels, allowing businesses to keep sensitive data confidential, further expanding the ability for CIC Chain to cater to the needs of huge enterprises or financial institutions.

  • Consensus Flexibility: Hyperledger Fabric also offers support for pluggable consensus algorithms, allowing businesses to choose the consensus algorithm that best meets their needs.

By utilizing this amazing technology, CIC Chain is able to provide a scalable and modular development platform that can support a wide range of use cases. Additionally, the privacy features of Hyperledger Fabric further boast the capabilities of enterprises looking to use this software.

"Hyperledger Fabric 1.0 was selected as the underlying technology for the SWIFT DLT sandbox for its support of the following features:

– It is a private permissioned ledger solution which is able to strictly control access to the ledger(s).

– It supports selective data distribution, allowing not only secure data access but also physical data storage to relevant nodes only.

– It supports native integration with a certification authority, allowing for all access keys used for parties identification and transaction signing to be certified, providing trust in key authenticity and in the identity of parties.

– It provides a smart contract platform – chaincode in Hyperledger Fabric terminology - that can be leveraged to implement business logic and workflows." - swift.com

Hyperledger Fabric and BESU have been endorsed by SWIFT (Society for Worldwide Interbank Financial Telecommunications) due to the nature in which they can be used by real-world businesses that wish to use DLT (distributed ledger technology). This makes CIC Chain ISO20022 compliant.

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