Hyperledger Sawtooth: A Milestone for Blockchain Technology
The blockchain technology has made heads turn. We’re aware of the blockchain technology and its uses, however, not many are mindful of the existence of Hyperledgers. Are you intrigued? Let’s read on to know about this technological advancement.
What are Hyperledgers?
A Hyperledger is a distributed, open source ledger based on blockchain technology. The computer protocol digitally facilitates the performance of a contract, these are called smart contracts. The major aim of the Hyperledger is to support open protocols across industries. Also, it acts as an intermediary for decentralized digital communities.
A versatile and scalable Hyperledger - Sawtooth
A platform for deploying distributed ledgers, the Hyperledger Sawtooth is used for providing a digital record that is maintained without a central authority.
Features of Hyperledger:
Security
Everything is under control with Hyperledgers. Cryptographically secured, the Hyperledger is an open source blockchain for utmost security and reliability.
Auditability
The blockchain provides a fair chance to log every activity on the system. With this, the traceability, aspect is increased.
Automation
The smart contracts can securely automate the business processes.
Trustworthy Business Model
The usage of Hyperledger can reduce costs and complexity due to the open-source platforms.
Wide-range of Network
A wide range of network is used to support enterprises to access ledger data.
Accuracy
The Hyperledger provides higher accuracy and stable security. It is less prone to an error occurring in the transactions.
Putting Hyperledger Sawtooth to use
Numerous companies are utilizing this technology including telecommunication giants like Huawei and T-mobile. E-commerce giant Amazon is one amongst the many to list Sawtooth under its blockchain partners.
Why’s it necessary?
The Sawtooth operates on a mechanism called - PoET ( Proof of elapsed time). This enables the blockchain platform to resist denial of service attacks.
The Hyperledger Sawtooth can also be integrated with hardware security solutions.
Making use of this news
Now that you possess in-depth knowledge about Hyperledger Sawtooth, if you’re looking forward to integrating it into your business, Blockchain App Factory is the right place.
A pioneer in custom blockchain based solutions, Blockchain App Factory, is used in many facets of a business. The company automates and decentralizes processes. It also reduces operational costs with strategically designed ICO, smart contract, smart wallets, Hyperledger and other blockchain based solutions. BlockchainApp Factory is one of the finest companies offering unparalleled services. We want your business to grow and that’s one good reason you should get in touch with us right away!