As the first project of the Hyperledger greenhouse in 2016, Fabric introduced its v1.0 release in July, 2017. Since then, a number of enhancements and new features have been implemented based on the feedback from industry and community.
To celebrate the 4th birthday of Hyperledger Fabric, what can be a better gift than the major release of v2.0? Before we jump into the new additions and features in this release, we think this major milestone is a good time to reflect on some of the key design objectives behind Hyperledger Fabric and how it has evolved to this point.
Echoing the Distributed Ledger Technology (DLT) trends and requirements in finance, supply chain and other industries, Hyperledger Fabric was initiated by tens of leading companies globally in early 2016. Since then, under the support of the Linux Foundation, hundreds of open source developers have been working together to design and implement a practical DLT framework to meet these real demands by integrating the advanced techniques of databases, networking, distributed consensus, and cryptography.
Hyperledger Fabric has quickly become one of the most popular open source DLT projects, with hundreds of deployments worldwide. In 2019, 30 companies in the “Forbes Blockchain 50” were using it.
Due to its open source model and popularity, Hyperledger Fabric has been adopted by major Cloud Service Providers including Alibaba, AWS, Azure, Baidu, Google, Huawei, IBM, Oracle, SAP, and Tencent.
Hyperledger Fabric is an enterprise-grade, distributed ledger platform that offers modularity and versatility for a broad set of industry use cases. Rather than a permission-less system where anyone can transact and access data, Fabric offers a permissioned, secure, and scalable platform that supports smart contracts and data privacy. This architecture allows for solutions developed with Fabric to be adapted for any industry, thus ushering in a new era of trust, transparency, and accountability for businesses.
While members of a network work together, businesses still often need to maintain separate relationships within their networks to keep certain interactions private. For example, a purchaser might be selling the same product to different sellers at different prices.
Fabric provides a spectrum of options to support transaction and data privacy. You can use separate “channels” if you need total transaction isolation between member organizations. And you can use “private data” within a channel if you’d like to keep data private while writing hashes on a shared ledger as transaction evidence. Private data can be shared on a need-to-know basis and then verified against the on-chain hash evidence.
Because Hyperledger Fabric has matured in the open source community with a focus on enterprise use cases, it has evolved to support the features and production operations that enterprises demand. Here’s a few of the features that make Fabric unique relative to other distributed ledger technologies:
The evolution continues and we are excited to see the next generation! Let’s welcome Hyperledger Fabric v2.0 by taking a quick glance at the highlighted features compared to the v1.0 release:
Hyperledger Fabric 2.0 is already getting strong interest within the blockchain community:
“The release of Hyperledger Fabric 2.0 is an important step forward in the on-going evolution of DLT, and was developed based on feedback from real-world use, including improved chaincode management capabilities and performance enhancements. DTCC’s work with Hyperledger enables us to bring DLT expertise and knowledge in-house while contributing our learnings and progress on enterprise-scale projects with the DLT community. We look forward to our continued efforts around Fabric 2.0 and in working with Hyperledger.” – Rob Palatnick, Managing Director and Global Head of Technology Research and Innovation at The Depository Trust & Clearing Corporation (DTCC) and Governing Board Chair at Hyperledger
“The release of Hyperledger Fabric 1.0 was an enormous accomplishment and provided the enterprise blockchain community with an extensible framework upon which HACERA has built products that accelerate the building of business networks. HACERA has been part of the Hyperledger Fabric development team since the beginning and after working as the release manager for Fabric 1.0 in 2017, HACERA’s main contributions to Fabric have focused on two of our core strengths – identity and privacy (based on Zero-Knowledge Proofs). With Fabric 2.0, we are now able to offer HACERA Kore (for managing and governing decentralized networks), HACERA’s DAML-on-Fabric Enterprise 2.0 as well as seamless integration of a secure and decentralized data availability layer (The Unbounded Network). What a way to start the new decade!” – Jonathan Levi, CEO of HACERA, The Unbounded Network and Vice Chair of the Token Taxonomy Initiative/Framework
“I am delighted to see Hyperledger Fabric v2.0 released. Hitachi has contributed to the social innovation through the development of superior, original technology and products since its foundation in 1910. Hitachi believes that Hyperledger Fabric v2.0 and related blockchain technologies will further expand the possibility to merge sustainability and business and to resolve social issues through the contribution to the initiatives like Society 5.0 and Sustainable Development Goals (SDGs). Hitachi continues to contribute to the Hyperledger community and to provide blockchain solutions for various industries.” – Nao Nishijima, Researcher, Hitachi, Ltd
“IBM is excited about this key milestone in Hyperledger Fabric’s development life cycle. We are proud to have been part of the community that has collaborated on its development, and we are eager to upgrade the IBM Blockchain Platform — industry’s first multi-cloud implementation of Hyperledger Fabric — to leverage the new capabilities and improved performance in this milestone release.” – Jerry Cuomo, IBM Fellow and VP of Blockchain Platform, IBM
“IntellectEU is grateful to have been a part of the Hyperledger community since the very beginning. The release of Hyperledger Fabric 1.0 was a breakthrough for enterprise blockchain. Today we are excited about the Hyperledger Fabric 2.0 release. More specifically the private data enhancements that will drive adoption for our clients in the financial services industry. Our engineering team will be applying decentralised governance for chaincode when helping our clients migrating to Fabric 2.0.” – Thomas Bohner, VP of Blockchain at IntellectEU
“Oracle is excited about the Fabric 2.0 GA release. Hyperledger Fabric underpins Oracle Blockchain Platform, which is used by numerous customers in production, and a number approaching production deployments. The new capabilities in this release will directly benefit these customers who are looking for greater data privacy capabilities, increased performance, and decentralized consensus mechanism. I also think the new decentralized governance model for chaincode updates and organization-specific extensions will enable broader flexibility and help with the chaincode update process in consortia environments. These practical improvements will help to accelerate adoption of Fabric across our enterprise customers and government organizations. Oracle is very committed to Hyperledger Fabric, and we’d like to congratulate the Fabric community on this important milestone.” – Mark Rakhmilevich, Senior Director, Blockchain Production Management at Oracle
“We’re excited to stand alongside our friends as they launch Hyperledger Fabric 2.0. This release demonstrates a mature project with enhanced performance and deployment features that will allow for innovative identity projects to come to fruition, like our Verified.Me service. Hyperledger’s projects – such as Fabric and Aries – provide important open source components for building ecosystem services like Verified.Me, and we’re happy to contribute to such an excellent and dedicated community.” – Troy Ronda, Chief Scientist for SecureKey Technologies Inc.
To try out the new version of Hyperledger Fabric, see the Getting Started documentation. A new test network in the fabric-samples repository makes it easier than ever to start using Hyperledger Fabric within minutes!
For more details of the new features in Fabric v2.0, see the What’s New documentation.