Type: DLT, Smart Contract Engine
Hyperledger Sawtooth is a modular platform for building, deploying, and running distributed ledgers. Distributed ledgers provide a digital record (such as asset ownership) that is maintained without a central authority or implementation.
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ABOUT DISTRIBUTED LEDGERS
A distributed ledger is a set of communication protocols that enable administratively decentralized, replicated databases. Distributed ledgers can provide an efficient and secure infrastructure for the issuance and exchange of digital assets. Their security, democratized control, and automation can have a transformational-impact on industries ranging from capital markets to global trade.
BENEFITS OF DISTRIBUTED LEDGERS
The key benefits for a distributed ledger are security, auditability, and automation
Cryptographically secured and Byzantine fault tolerant by design. Blockchain ushers in a new era of security in a time where perimeter security and authoritative control are no longer viable security models.
Blockchain provides a shared, immutable log of every activity on the system, enabling improved activity auditability and traceability of the provenance and history of an asset.
Smart contracts can securely automate and link existing business processes. When designed with blockchain input/output oracles they can be used to connect disparate systems.