What Is Hyperledger? How the Linux Foundation builds an open platform | Blockgeeks

While most other blockchain projects focus on cryptocurrencies and tokens, the projects around Hyperledger demonstrate a strong potential to build the backbone of non-monetary, high scaling industrial applications of blockchain technology.

Here are a few use cases:

To date, Sawtooth is tested in several applications. It is tested to record the journey of seafood from the ocean to the table, using IoT sensors, and track ownership, possession, and parameters through the whole supply chain, from the fisherman to the supermarket. The buyer can access a complete and trustless record of the whole live chain of the seafood. This use case in supply chain and product history is increasingly discussed for Blockchains.

Sawtooth is also tested to streamline the process of transferring bonds. The developers created a user interface to track and transfer bonds. With this users can manage a whole portfolio of bonds on the blockchain. Another use case of Sawtooth currently tested are digital assets. The developers built a platform for managing digital asset ownership on the Sawtooth blockchain, which could be able to manage a wide scope of digital assets. The connecting dot between this application of Sawtooth seems to be the marketplace for digital assets of any kind which is built in the blockchain and already has a graphical interface for users.

… at the end of March, Natixis and Trafigure partnered with IBM to use a blockchain based on Fabric for commodity trade finance for US crude oil transactions. All major steps in a crude oil transaction are digitized on the blockchain, massively improving transparency, efficiency, and security.

In April IBM announced several new blockchain projects based on Fabric: The company partnered with Sichuan Heijia to build up a blockchain based supply chain platform for pharmaceutical procurements. In the same month, IBM started to cooperate with Japan’s Mizuho Financial Group and Mizuho Bank to create a blockchain based platform for trade financing. This projects aim to streamline trading operations and improve supply chain efficiency.

Source: What Is Hyperledger? How the Linux Foundation builds an open platform