The future with Fabric
While each Mindtree project served a different customer, they both relied on the same solution: Hyperledger Fabric, a secure and scalable open-source distributed ledger platform developed with permissions and privacy as its core tenets.
Unlike permissionless, distributed blockchains, Hyperledger Fabric—a Hyperledger project hosted by the Linux Foundation—leverages a modular architecture that provides enterprises plug-and-play solutions for private transactions and confidential contracts.
“DLTs allow for data immutability, easy reconciliation, and data transparency—all of which were requirements in our solution systems,” says Mukherjee. “And Fabric was the private channel concept that was the best fit for both cases.”
Over the years, Hyperledger Fabric has remained Mindtree’s go-to blockchain technology. “When we started these PoCs, no other competitor was out there in the blockchain market,” says Mukherjee.
Even as more competitors have emerged as blockchain adoption becomes increasingly more prevalent, Mindtree has remained linked to Hyperledger since its early days of using Fabric v0.4. The team has since updated both $wap and the merchant onboarding system to operate on Fabric v.1.4 with Raft ordering services.
“It would have been possible to implement some of the key features with vanilla technology,” says Mukherjee. “But it would have been cost prohibitive. Open source solutions are simply easier to build.”
Now with both blockchain solutions currently in production, Mindtree is ready to introduce them to clients and innovate as needed to accommodate the demands of the marketplace. “While they may require customizations to meet specific requirements for our clients,” says Mukherjee, “we believe these platforms can be accelerators in any industry.”