Hyperledger (or the Hyperledger project) is an umbrella project of open source blockchains and related tools, started in December 2015 by the Linux Foundation, to support the collaborative development of blockchain-based distributed ledgers.
When you purchase a “fair trade” products do you ever wonder about the real origin of the product and if the workers, often in emerging companies, are getting fair compensation? How do you know the real origin of these products? With the constant hacking of centralized servers like the recent hack of Equifax, do you get concerned about your personal data that you entrusted them to protect? Do you get concerned about identity theft? How do you know that your personal data is safe? With the vast amount of trust that we give to banks and the financial industry, are you concerned that we may have a repeat of the 2008 financial melt down? How do you know that that this will not happen again … soon? We’re finding more and more uncertainties that the trust given to companies and institutions are well deserved. To be really certain that we’re protected we need a system that guarantees security of our data; that facts can be verified by anyone at any time; and that cannot be cheated or hacked or abused by the very central authorities tasked to manage these systems. Systems like this are currently being developed. The software that powers this new generation of technology is called a Blockchain. Blockchain uses a network of computers along with complex cryptographic algorithms to ensure your data is secure. Because it’s decentralized the system is not owned or managed by any central authority, company or individual. Everyone can use the system and help to run it. This is an important feature because it means that there is no single point of failure. It cannot be easily taken down, corrupted, or hacked.