By leveraging the distributed ledger technology of blockchain, companies are experimenting with new ways to make transactions. The Linux Foundation’s Hyperledger Fabric provides the foundation for developing blockchain solutions. It is designed to enable confidentiality, scalability and security in business environments through modular architecture, pluggable implementations and container technology.
IBM Blockchain partner Loyyal is using blockchain and smart contract technology to reduce loyalty program operation costs through efficiencies and increase revenues through targeting capabilities.After an interview with Loyyal Co-founder Sean Dennis, I wanted to get a developer’s perspective on working with blockchain technology and Hyperledger. Fortunately, the chief architect of Loyyal, Shannon Code, was available to answer a few questions. He has been working with blockchain technology for a little over three years, and oversees the product from a holistic viewpoint. Lately, he’s been focused on deploying the Loyyal stack to IBM Bluemix.
Q: What initially interested you in working with Hyperledger Fabric?
Watson. It’s all about Watson. I’ve been following IBM Watson since watching the Jeopardy matches. I live in the Raleigh-Durham area and thought it would be a fantastic synergy to pull cognitive capabilities into a blockchain. I started with Bluemix before IBM announced Hyperledger Fabric and suggested that IBM investigate blockchain. Long story short, Loyyal became the earliest tester of Fabric and joined the Hyperledger Project soon after.
Q: What kind of work have you accomplished with Hyperledger Fabric?
We’ve built a handful of prototypes on Fabric, from the first release of Marbles to the most recent Fabric Composer release. And now we’re building out an enterprise-grade loyalty platform utilizing Fabric and its newest features.
Q: What have you liked or what has surprised you about the technology?
Fabric has done a fantastic job combining distributed ledger technology in a way that can be used to meet the needs of businesses. The focus on security and privacy combined with modularity means that some of the hard questions that get asked now have answers.
Q: What are your opinions on the Hyperledger Project?
The Hyperledger Project is an obvious first step at global adoption and standardization. Blockchain and distributed ledger technology can’t get the attention it deserves without sharing and discovering the technology’s strengths and weaknesses. Loyyal joined the Hyperledger Project early because we understand this need for coopetition.
The Loyyal platform, built on blockchain, is transforming the loyalty and rewards industry by offering interoperability, multi-branded coalitions, superior liability management and dynamic issuance and redemption options. Where will blockchain take your company? Join the IBM Blockchain Ecosystem to access technical resources and community expertise around Hyperledger and enterprise blockchain development so you can get started on your blockchain transformation.
Also, join the IBM Blockchain community to let us know what you think!
Blockchain-enabled self-sovereign identity (SSI) facilitates and secures all IT service management (ITSM) processes by providing assured, trusted identity and credentials for all configuration items (CIs) throughout their entire lifecycle. With SSI, every ITSM-applicable entity — every participating organization, person, and managed CI (network device, software instance, and others) — can be identified, identifiable, credentialed and […]
About a year ago, I wrote a blog post on my New Year’s resolutions for 2018 blockchain success. They were lead with business, understand the network type, understand the path to productive use, know why you are choosing blockchain, and make sure your architecture is ready. I tried to stick to these resolutions in 2018 […]
We’re living in a multicloud world. Today, 85 percent of businesses rely on multiple clouds to meet their IT needs, with 71 percent using more than three. What this means in practice for enterprise clients is that they have multiple architectures in place. This may be fine for “tried and true” workloads — like credit […]