The building blocks of blockchain solutions

As noted in Chapter 1, Blockchain – Enterprise and Industry Perspective, blockchain promises to fundamentally solve the issues of time and trust in industries such as financial services, supply chain, logistics, and healthcare. It seeks to streamline business processes and thereby address inefficiencies. It's a technology for a new generation of transactional applications built on trust, accountability, and transparency. There are several characteristics shared by every industrial blockchains, including the following:

  • A shared single source of truth
  • Secure and tamper-proof
  • Private unlinkable identity
  • Scalable architecture
  • Confidential
  • Auditable

The diagram that follows summarizes these characteristics ...

Get Blockchain Development with Hyperledger now with the O’Reilly learning platform.

O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.