Blockchain based Service: A Case Study on IBM Blockchain Services & Hyperledger Fabric

Abstract

IBM is one of the world’s leading American multinational technology company, alwaysinnovative and experimenting for new things with constant new trials and hands on differenttechnologies. The company is recently focused its research and innovation on one of ICCTunderlying technology applications called Hyperledger fabric and blockchain. A businessblockchain presented by Linux foundation is hyper ledger fabric becoming the de factostandard for enterprise it provides blockchain-as-a-service (BaaS) and lets the usage ofblockchain components any possible business environment with ease. Blockchain has severaledges, together with decentralization, durability, transparency, and audit ability. The IBM goalis to develop company-ready solutions that address existing technology limitations relating toprivacy, confidentiality, audit ability, performance, and measurability. Proven, scalable, andbuilt for running on any cloud Simplifies complexness quickly, unlocks new price, andexpands competitive edges. Hyperledger cloth system for companies might be thought to be apublic platform. Within which all transactions committed are held on in an exceedingblockchain. The chain grows endlessly as new blocks are added. To figure towards a frictionfree network by facilitating easy functionality this article illustrates Blockchain, IBMblockchain, Hyperledger fabric its framework, tools, and blockchain-as-a service. Thesecondary data was obtained from various scholarly journals and websites. We have analysedthe Hyperledger framework, tools and examined their blockchain services to differentindustries using the ABCD analysis framework as a research case study.