What kind of organization is the "super ledger" scrambled by the tech giants?

In the blockchain world, we often hear or see the word "Hyperledger", and we can always see some star companies announce high-profile announcements to join the "Super Ledger", such as Ant Financial, IBM, Huawei, Intel, Samsung, Xiaomi, etc., seemingly labeled as "super ledger" means that the company has become a special force in the blockchain field.

So, what organization do you think is a "hyperledger" of a ledger? What is its historical origin and industry status? Why are so many star technology companies joining? Below, please follow the Tsinghua entrepreneurial mother who loves blockchain technology to dismantle one by one.

Origin: A belief in open source

On December 17, 2015, the Linux Foundation, a non-profit organization dedicated to promoting the development of the open source operating system Linux, announced that it will open a new project for the development of blockchain technology. This project is called "Hyperledger" You can think of it as a "shared accounting technology" community. Because the Linux Foundation has always believed that huge innovation can be achieved through open source. Therefore, the establishment of the "Super Ledger" organization is very consistent with the foundation's purpose, and has also received extensive support in the field of science and technology.

Objective: To create To B's blockchain technology open source (shared) platform

The establishment of the "Hyperledger" is to establish an open source enterprise-level blockchain technology platform that allows developers to focus on building powerful, industry-specific technology platforms and software and hardware systems, thereby improving the use of records And blockchain technology for verifying transactions. In other words, all technical personnel can participate in it and share code to promote the application of blockchain technology.

Main members: 245 corporate members + 20 academic cooperation institutions

The Hyperledger announced 30 founding members within two months after its establishment, including ABN Amro, Accenture, ANZ, New York Mellon Bank, Cisco, and others.

According to the "Super Ledger" official website, there are currently 245 member companies in the organization. Among them, there are 18 supreme members, including Baidu, Intel and Cisco; 184 ordinary members, including Ant Financial, Lenovo, Huawei, China Merchants Bank, Minsheng Bank and other enterprises; 43 associate members, blockchain technology applications in Zhejiang Province The association is also inside. In addition, the "Hyperledger" also contains 20 academic cooperation institutions, including Hunan University, Peking University, Sun Yat-sen University, Zhejiang University and other prominent Chinese university logos.

Entry threshold: membership fee is up to nearly 2 million yuan and there are restrictions on status

"Super Ledger" is a membership-based organizational structure. There are three levels of membership, namely, Supreme Members, Regular Members and Associate Members.

Supreme Member: You need to join the Linux Foundation before you are eligible to join the "Super Ledger" and the membership fee is 250,000 US dollars; the average membership fee is up to 70,000 US dollars and the minimum is 5,000 US dollars. The members will decide; of course, there are also free to join, the "super ledger" is currently only open to partner institutions such as pre-approved non-profit institutions, open source projects, and government entities.

In addition, the "Super Ledger" organization will regularly elect the council and technical steering committee. All elections have strict regulations. The goal is to promote the "Super Ledger" organization to make greater contributions to the application of blockchain technology.

Members of the technology family in the "Super Ledger"

The "Hyperledger" has incubated nearly 15 blockchain technologies, including a distributed ledger framework (blockchain technology framework), a smart contract engine, a user database, and a graphical interface. Just like there are many branches in college student associations, although all are to promote the interests of students, each branch researches different things.

According to different application scope and functions, it is mainly divided into four technical categories: distributed ledger, database, tool, and special field.

Anyone can download and read technical documents, contribute code, access wikis (an online shared editing document), and join community chats on the "Super Ledger" related technology page, as this is an open source technology community. Of course, you can also go to organize members to purchase related technical services (the membership fee paid by members may be returned).

"Super Ledger" promotes the application of blockchain technology in multiple scenarios

The organization task of the "super ledger" is to introduce the blockchain to the mass market, that is, the application landing. Therefore, it will provide many blockchain technology tools for use in different industries. In the "Super Ledger" white paper, we can see that it introduces 5 application cases, namely banking (loan application), finance, health care (physician certification), IT (authority management), and supply chain (records). Food from source to table).

For example, the pain point of the current bank loan business is that the risk information identification of the lender is not comprehensive and continuous. At the same time, the borrower does not want to leave personally identifiable information in multiple banks, because once this information falls into the hands of hackers, it is very terrible.

At this time, the technology of Indy in the "Super Ledger" can help solve some problems. By using Indy, the borrower submits the information only once and all banks can judge whether they can lend to him. Because Indy, a distributed ledger technology, can connect this information globally, the information submitted by the borrower at the bank will only show whether the loan standard is met, and it will not display detailed identity information. In this way, the bank can easily judge the credibility of the borrower, and the borrower can borrow money without providing specific personal information. In addition, the two blockchain technologies of Burrow and Fabric in the "Super Ledger" can further refine and deepen the loan business, and will not expand here.

"Super Ledger" role: blockchain industry technology, community, resource integration community

In addition to providing blockchain open source technical support, "Super Ledger", as an industry association-type organization, also provides a series of shared information services such as technology learning communities, gatherings, job hunting, training, and case display for enterprises, practitioners or enthusiasts. Said that the "super ledger" is a global salon in the blockchain industry, helping the blockchain industry to develop in a positive cycle.

This is no wonder that global technology giants are rushing to join the "super ledger" organization at great expense, and there are so many blockchain technology practitioners and enthusiasts soaking in the "super ledger" all day.

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Market

Jito Foundation Unleashes JTO Token: Empowering Solana’s Liquid Staking with a Bang!

Fashionistas, get ready to upgrade your knowledge on Jito Foundation! This cutting-edge company, known for their Sola...

NFT

Animoca Brands: When Education Meets NFTs

Season 2 of Animoca Brands' Publisher NFTs has exceeded expectations and completely sold out.

Market

Bitcoin Mining: High Energy Costs and Impressive Gains

Bitcoin (BTC), the biggest cryptocurrency in the world, has experienced significant growth with a 160% increase in va...

Blockchain

Midas: When Traditional Finance Meets Crypto

Fashionista, get ready for the latest in fashion and finance! The Midas stablecoin is making waves in the DeFi world ...

Blockchain

EOS Labs, ESCC, and ENF Join Forces for Stellar Stablecoin Solutions

EOS Labs and EOS Network Foundation have teamed up with ESCC to bring stablecoin-based gas fees and Ethereum compatib...

Blockchain

ARK Invest's Updated Spot Bitcoin ETF Prospectus A Promising Step Towards Future Approval

Famed ETF expert Eric Balchunas praises latest Bitcoin ETF proposal from Ark Invest and 21Shares.