Abstract
In the last few years, blockchain (also known as distributed ledger), the underlying technology of the permissionless or public Bitcoin network, has become very popular for use in private or permissioned environments. Computer companies like IBM and Microsoft, and many key players in different vertical industry segments have recognized the utility of blockchains for securely managing assets (physical/digital) other than cryptocurrencies. IBM did some pioneering work by architecting and implementing a private blockchain system, and then open sourcing it. That system, which has since then been named Fabric, is being enhanced via the Hyperledger Consortium set up under the auspices of the Linux Foundation. Other efforts in the industry include Enterprise Ethereum, R3 Corda and BigchainDB.
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