Linux Foundation to develop tool for building blockchain business networks


The Linux Foundation announced a new software project under its Hyperledger open consortium aimed at creating a collaboration tool for building blockchain business networks — or smart contracts — and their deployment across a distributed ledger.

The new project, called Hyperleder Composer, is a modeling language based on JavaScript and with REST API support, that allows non-developers and developers to model their business network. The language also supports modeling of relationships and data validation rules.

For example, all blockchain business networks share certain elements, such as assets, participants, identities, transactions, and registries. With existing blockchain or distributed ledger technologies, it can be difficult for organizations to take a blockchain business use case and map the concepts into running code.

Similar to public relational databases, blockchain is a public electronic ledger that can be openly shared among disparate users and that creates an unchangeable record of their transactions, each one time-stamped and linked to the previous one.

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