Blockchain technology is a great differential opportunity for companies that want to understand data protection as their primary value. This is so because this innovation shares with the General Data Protection Regulation (GDPR) its ultimate purpose: to give users control over their data.
Blockchains have the characteristic of being immutable and permanent, in addition to anonymizing user data. This makes them perfect for establishing the relevant consent records that companies must comply with European regulations.
Hyperlink InfoSystem uses the private Hyperledger blockchain. With this system, only the companies that own the information will have access to it, as it is totally restricted to the company that has entered it, and they are not public to any participant in the blockchain.
Hyperledger is an open-source technology for industrial blockchain development. Hyperledger aims to create an environment where developer communities and businesses can join forces to build blockchain frameworks.
Hyperledger currently has the support of more than 270 members. Among them are great technology leaders such as Airbus, Daimler, IBM, Fujitsu, SAP, Huawei, Nokia, Intel, or Samsung. Also, parts of Hyperledger are leading companies in the financial sector, such as American Express, JPMorgan, BBVA, or BNP Paribas.
The benefits offered by Hyperledger has made it an important technology that many businesses need their developers. Hyperlink InfoSystem has developers who specialize in Hyperledger development.
We provide ready-to-use applications that work on blockchain to accelerate the incorporation of associated Blockchain technologies in companies. These applications can be used as a service or incorporated into an existing Blockchain platform.
Take advantage of our developers and experts' Blockchain knowledge to help your organization understand blockchain technology applications and address emerging technological, regulatory, operational, and strategic risks. We work with you and your organization to advance your idea, explore the possible art, and turn concepts into cutting-edge solutions.
Position your organization to succeed with the strategic insights of our business and technology specialists. We provide business model prototypes, use case discovery, market analysis, customer research, and proof-of-concept guidance to help you develop a comprehensive strategy for adopting, implementing, and investing in blockchain technology.
Prepare your organization to deploy blockchain-based solutions. From proofs of concept to technology pilots, our experts help you quickly discover, design, and prototype a blockchain solution that meets your organization's needs.
Explore the business benefits of blockchain-based tokens for asset management, investment models, and incentive alignment. Work with us to develop token solutions that unlock new business models and opportunities for value creation.
Benefit from flawless technical implementation, solution delivery, system integration, and a full suite of ongoing support services. Our team is made up of developers who have vast experience building production-grade blockchain applications and are committed to ensuring that your organization's blockchain implementation is successful.
Hyperledger is an open-source platform which means that anyone can view, download, and make changes to the code. Open-source technology makes a lot more sense for enterprise blockchains.
If open-source technology is properly coded, designed, and implemented, it becomes an effective option and that has proven over the years.
It is more popular and highly reliable. The Linux operating system is open-source and runs on 90% of the public cloud workload. Here more than 99% of supercomputers use it and 80% of smartphones use it. Apache Web Server is also open-source and supports more than 405 of the websites. Open-source platforms have more exposure, and mostly developers like them.
There are a few reasons why companies opt for open-source platforms.
Open-source platforms create more competitive niches as they offer a large number of features that are completely free. These platforms give the competition a run for their money as they offer better results.
Usually in proprietary software, you would have to deal with vendor lockdown situation. It is a situation where you are not allowed to get the encryption from the software. You have to pay a certain amount of fee to get the software. This does not allow customers to easily switch from the software if they don't like it after using it.
But in open-source technology, you won't have to worry about vendor locks. You can easily switch to another if you don't like them.
Open-source offers more high-end solutions. The interoperability feature ensures the quality of the network. Blockchain suffers from interoperability issues. But Hyperledger provides open-source platforms that are suitable for an interoperable environment. Open-source allows a user to freely connect with other open-source channels.
Anyone is free to look at the code in open-source technology. This feature allows the user to correct errors more quickly. Anyone who can see the code can discover the loophole and make the changes to fix it. Furthermore, customization plays a huge role here.
But each developer works differently, and you will be amazed to see how each of them customizes the same code according to their needs. This promotes innovation and creativity.
The cost of customizing an open-source technology to adapt to a particular solution will be much lower when compared to the cost of creating the technology from scratch.