Hyperledger: The Enterprise Blockchain

While you are exploring the world of digital ledger technology, sooner or later you are going to hear about Hyperledger. This open-source Linux Foundation pledged project mainly focuses on solving enterprise-level issues.
Although you might think that this is a single project, “Hyperledger” in reality is an umbrella project under which twelve major projects run simultaneously and collaborating with more than 260 major enterprise-level organization.
This can be stated as a gigantous success for any blockchain project as it started its journey in 2015. Even in today’s competitive tech market where big sharks are devouring the smaller ones, Hyperledger believes in the “co-operation mantra!”

Today, we are going to dissect this BIG player in the blockchain technology scenario and help you understand everything about it.
 
Are Databases Everywhere?
Who doesn’t know about “Databases,” right? Every day we use the database in almost everything we do. For example, even your mobile phone’s contact list is a form of database. However, It’s just a digital version of previous paper address books.

Another step complex databases would include a wide variety of information such as the list of patients, customers, voters, employees, properties, luxury goods and any more. Some databases would contain lists of programs or institutions that can interact with each other.

In fact, a database is simply a set of information that is fully organized in a specific way, and it’s super easy to find any updated items there.

After the revolution of computers in the 1950s, digital databases started to gain popularity among society and businesses. Moreover, it started with mere simple applications but have grown to be a more important factor in our lives. As the businesses grew, so did the databases and they started to evolve too.
Companies started to demand more and more power and speed; the databases started to have relational information based on columns and rows. All you needed to do is query specific relational info and get the desired information that matched with it. Obviously, you can’t do all of these things with mere paper databases, can you?
 
Most of Today’s Databases are Shared
As of now, the world is connected more than ever, and different people or companies need to access the same information. Instead of making the same databases for everyone’s need, technology evolved and gave us distributed databases.

Also, using these now more than one person can access the same info in databases now. Isn’t that great?
Let me clear it up with an example. In a company, employees could have certain meetings at certain times. Therefore, setting up a bilateral meeting date would be fairly difficult in paper calendars. To help this out, they can all just set up their available timing in an online calendar from where a respective schedule can be reached.
But this is just a simple example. Therefore, Distributed databases help to enhance productivity at a greater rate. You can just access almost everything just from your desktop or laptop, no need to go anywhere in person and waste time.

However, there are some issue and some serious questions with the new type of database. Typical problems like these arise:
Who is trustable for sharing your information?
How to know if someone is who they are saying they are?
What are others allowed to do in the database?
How will you detect a corrupted personal?
What can you do to settle disputes?

As you can see, there are some flaws with the idea of distributed databases. However, Blockchain Technology comes with a relatively new way to look at these databases. It solves most of the problems we are facing with shared databases.
 
Blockchain: A New Type Of database
The blockchain technology is a new form of the database without any need for central authority or any trust.