Are you looking for the best Hyperledger use cases? In this article, we will explore Hyperledger by going through its use cases and popular case studies.
Hyperledger is managed by the Linux Foundation. They aim to improve business blockchain adoption with open-source collaboration from all around the world.
Hyperledger is an umbrella project. This means that it consists of multiple projects, including libraries, tools, and frameworks for enterprise-grade blockchain deployments. This also means we will list Hyperledger Fabric use cases, Hyperledger Iroha use cases, Hyperledger Indy use cases, and so on!
Obviously, Hyperledger is fit for enterprise use which includes the creation and management of permissioned networks. The permissioned network offers better scalability, trust levels, and performance. In each of the use cases, we will mention the project for which it is applied so that you can make an educated assumption on where to use these platforms. Let’s get started.
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Hyperledger Use Cases
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Healthcare
One of the most obvious and prominent use cases of Hyperledger is the healthcare sector. Pharmaceuticals, for example, can use Hyperledger to create a blockchain network that can take full control of the supply chain.
Every drug that leaves the manufacturer is registered to the supply chain according to set standards, and the information is shared among the stakeholders and the end-users so that they can track its every move. This, of course, removes counterfeit drugs from the chain. Blockchain for healthcare can offer a lot of benefits.
By using the DLT network, they will be able to get paid faster without the need to wait two or three months to get paid. The Hyperledger blockchain will be able to encrypt trading records and also track the drugs. It will also provide the transparency that is required to ensure trust among the users.
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Education and Training
By far, one of the fascinating use cases of Hyperledger is education and training. Education has not changed much in the last few decades. Its integration with technology acted as a catalyst where now educational institutes are now more eager to make changes to their system.
Also, with pandemic running around the world, it is now the time where the students now have to take classes online.
Apart from improving the different facets of the education system, like providing digitized certificates that are globally accessible and verifiable, there are also other use cases of Hyperledger.
In 2018, the implementation was done to facilitate the education of students. IBM was up to the challenge here as well as partnered with the National University of Singapore. Both of them are working on creating a financial technology module that will directly help students in the education sector.
The students will now be able to learn about more latest technologies, including distributed ledger technologies and blockchain fundamentals. The NUS facility will be responsible for developing the curriculum. This is one of the prominent enterprise blockchain use cases at the moment.
Another aspect where Hyperledger can be used is to create a platform to provide training. Companies and organizations can utilize the platform to digitally distribute training videos and certificates.
Supply Chain Management
The supply chain is at the core of the global industry. Without a proper supply chain, companies will struggle to meet demands and hence suffer revenue loss.
ECommerce is also growing rapidly, which in turn demanding improved efficiency from the supply chain itself. The eCommerce industry is growing at a rapid pace where a 246.15% increase is seen in sales worldwide.
To improve the overall performance of the supply chain, it is important to ensure real-time tracking and transparency to the supply chain. So, the integration of blockchain for supply chain is increasing at a rapid rate.
IBM and Walmart partnered together to trace food. By tracing food, they want to reduce the number of food-borne diseases and also give the companies and farmers information so that they can act quickly in case of emergency or dispute.
IBM used Hyperledger Fabric use cases to create the platform, which in turn is intended to be used by the different food vendors across the world. They are currently in the testing phase, where they managed to track 5 food items from their origin to 25 suppliers across the world.
The initial success means that more and more retailers want to collaborate on it, including the likes of Kroger, McLane Company, Dole, and so on.
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Energy Management
Energy powers everything in our lives. Without it, we will never have advanced as we have now. However, the current energy market is limited in many ways. Whenever a cyclone hits an area, it is bound to lose electricity due to uprooted trees. The responsibility to resolve this is by the electricity provider of that area.
Even though they resolve the issue, but they take their own time to solve this. The centralized approach slows the whole restoration process and brings down the repair process.
Not to mention, energy is always centralized, which means that not everyone can produce their own energy or have their own grid. And, even when they do so, they do not have proper access to the solutions to connect to the central grid to share their energy with others.
The solution to all of these is blockchain in utility management. IBM, in May 2017, understood the problem and decided to create a smart energy management project with the Hyperledger blockchain platform.
IBM is collaborating with Vandebron, Sonnen, and TenneT to create a distributed database that will help manage electricity gird in Germany and the Netherlands.
The network will be able to address the deficiencies of a certain area and help provide them with much-needed energy. They will also help fill the other energy sources, including batteries, eclectic cars, and improve the overall energy development and consumption process of energy.
This falls under the Hyperledger Blockchain use cases.
Trade Finance
The trade Finance is another sector that will be truly impacted by the Hyperledger ecosystem. Trade finance blockchain solutions can offer a lot of benefits. One of the biggest advantages is the reduced processing time.
IBM is also at the forefront of utilizing Hyperledger for creating a trade financing blockchain-based platform.
IBM has partnered with Mizuho Bank and Japan’s Mizuho Financial Group. They are focusing on creating a platform that will empower the different financial entities and remove intermediaries whenever necessary. The end result would mean improved transparency, less deal processing time, and document digitization.
They plan to use Hyperledger Fabric use cases so that all the trade transactions can be done on it. IBM’s official press release also confirms that the use of DLT will improve transaction time and reduce operating costs.
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Government
Governmental services or governmental institutions need to maintain a lot of aspects at the same time. However, they are still stuck with their legacy systems, which is by default not adequate enough to support all of their services. Therefore, you see a lot of issues with security, corruption, and fraudulent activities.
Without proper security, there is no way to save this sector now. Hyperledger blockchain use cases can come in handy in this niche. In reality, Hyperledger Fabric use cases can offer a tracking system that will ensure that every sensitive data within the government agencies is safe and secure, and tamper-proof. There are already many blockchain for government initiatives around the world that use Fabric.
These solutions are already streamlining a lot of their servicing, making the citizen’s life more comfortable.
Insurance
Insurance is another sector where Hyperledger use cases can bloom without any problems. In reality, the industry deals with a lot of paperwork, which is very hard to maintain. More so, the rising number of insurance fraud and scams is quite alarming, judging by the fact that this industry deals with a lot of money.
Therefore, Hyperledger projects can come in handy when it comes to insurance. In reality, they can easily help in maintaining a ledger and automating the insurance claim processes. This will save a lot of time and effort and make the auditing process more transparent. There is already a lot of blockchain for insurance initiatives on the market, which are doing great!
Case Studies of Hyperledger
To get a better understanding, we will go through Hyperledger case studies.
ChainYard and IBM Reducing Onboarding Process
- Technology used: Hyperledger Fabric
- Industry: Manufacturing
IBM and ChainYard are working to create a new private blockchain platform where they aim to streamline the B2B supplier’s onboarding process while keeping risk low. The new platform will decrease the onboarding process from two months to just three days. This is one of the prominent Hyperledger blockchain use cases so far.
Honeywell Aerospace Creates an Online Marketplace for Parts
- Technology used: Hyperledger Fabric
- Industry: Manufacturing
Another interesting case study is by Honeywell Aerospace, as they want to create an eCommerce platform for airplane parts. The eCommerce platform will reduce the time required to acquire new parts, which generally takes place months. It also includes intermediates which mean spending more money on airplane companies. Without a doubt, there are plenty of other things that are improving, including better transparency, availability, and shipment by using blockchain in manufacturing.
National Associations Improving Members Services with Fabric
- Technology used: Hyperledger Fabric
- Industry: Digital Identity and Real Estate
National Associations is using Hyperledger Fabric to provide better members service to the relators. They are currently representing the 1.3 million members with 54 territory associations and 1200 local associations.
They want to improve their code of ethics by working together. To do so, they are going to build the REALTOR Associations Blockchain, where they will share information about members and improve engagement. This is a great example of blockchain for real estate solutions.
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Change Healthcare is Using Hyperledger Fabric to Improve the Claims Process
- Technology used: Hyperledger Fabric
- Industry: Healthcare
Change Healthcare wants to use Hyperledger to improve the claims process and hence improve the transparency related to it. Their approach is to create a better healthcare system by providing healthcare networks a way to improve healthcare transactions and claims.
The results were also astounding as Hyperledger Fabric use cases show great capacity when it comes to handling transactions. It managed to do 50 million transactions per day in a test in 2018 which means 550 transactions a second.
BTP Simplifying Enterprise Blockchain Adoption
- Technology used: Hyperledger Sawtooth
- Industry: Cloud Computing, Blockchain, IT services, and Technology
Here, the company Blockchain Technology Partners (BTP) is trying to ensure that the blockchain networks can sustain over a long time rather than die off once installed or made operational. That’s why they used Hyperledger Sawtooth for the network and Kubernetes for the operational layer.
The project did fairly by late 2018 and is already available in the AWS marketplace. Recently it also supports DAML smart contract language to provide value to the users.
ScanTrust Improving Supply Chain Transparency with Sawtooth
- Technology used: Hyperledger Sawtooth
- Industry: Commercial Goods, Supply Chain
ScanTrust is going to improve its supply chain transparency as they provide digital identity using cloud technology. They are using Hyperledger Sawtooth to develop their solution.
British Columbia Cuts Red Tape with the Use of Hyperledger Indy
- Technology used: Hyperledger Indy
- Industry: Tech, Blockchain, Government, Small Business
Canada, Ontario, and British Columbia created Verifiable Organizations Network (VON), which is sponsoring the project. They are using Hyperledger Indy for developing the platform. The project aims to improve the trust among small to medium scale businesses with the government by providing an open software stack. The stack will help business people to create and manage digital relationships and help the government to reduce or cut the red tape.
The project found good support and success as it managed to include 529000 companies’ digital identity and help server 1.4 million credentials.
Walmart Improving Transparency in Food Supply
- Technology used: Hyperledger Fabric
- Industry: Agriculture, Retailers, Supply Chain, Food
One of the famous use cases of Hyperledger is the food supply. Walmart is using Hyperledger Fabric to improve transparency in the food supply chain.
Their challenge was to reduce food-borne diseases, and one of the best ways to do so is to offer better traceability to the food supply chain. This will help companies so that they can act faster and also protect the farmer’s livelihoods as they will get notified if something goes wrong.
The approach is to use Hyperleder Fabric, a permissioned distributed ledger technology. Walmart then partnered with IBM to create a platform that will trace food across continents. Using blockchain in retail the company is streamlining its food traceability. The results were also promising as they manage to trace 25 products’ origin as they went through 5 different suppliers — all through the Hyperledger Fabric system.
Circulor Solve Conflicts In the Mining Industry by Providing Traceability
- Technology used: Hyperledger Fabric
- Industry: Mining
There has always been a strong struggle when it comes to mining. In this case study, we will learn how Rwanda, the tantalum’s biggest supplier struggles to showcase traceability.
To solve the problem of tracing the mineral, they processed every tantalum bag under the OECD-approved conditions. This improved the overall circulations and improved the trust among the consumers as well as stop slave or child labor.
Sony Global Education Creating Next-Generation Credentials Platform Using Fabric
- Technology used: Hyperledger Fabric
- Industry: Government, Education
Sony Global Education is working to create its next-generation credentials platform with a consortium of organizations and government agencies.
Their approach is to create a collaborator’s consortium blockchain and then create a blockchain solution prototype. Once done, they will test the prototype with 250,000 participants. If everything works great, they will release the credentials platform to the world.
Conclusion
This leads us to the end of our Hyperledger Use Cases. We went through some interesting Hyperledger use cases and case studies. It is no doubt that Fabric is one of the most important frameworks that Hyperledger has to offer.
But it doesn’t mean that there are fewer use cases or implementations of other projects. The reason being is that other Hyperledger projects offer specific usage, which makes them used less often. If you want to learn more about Hyperledger and want to integrate Hyperledger projects into your company, then enroll in our getting started with Hyperledger fabric course now!
*Disclaimer: The article should not be taken as, and is not intended to provide any investment advice. Claims made in this article do not constitute investment advice and should not be taken as such. Do your own research and make sure you read our full Disclaimer.
