Authored by Mr. Pushpendra Baghel – Head Solutions and Technology Advisory Group, 3i Infotech
Satoshi Nakamoto was said to have become very disillusioned with central banks and governments handling our money and facilitating payments. This was in the backdrop of Lehman Brothers going down and great recession of year 2008 when Bitcoin was born. It’s almost a decade since Bitcoin first came into being. The idea was to create digital currency and global payment system which is free from any government control.
Major Promises
The only problem I see with hashgraph is that it’s not an open standard but patented technology. This limits everyone to contribute to the growth of hashgraph as universally accepted standard.
I see Hyperledger Fabric as a very favourable ledger technology for enterprise adoption. The most promising part of the Hyperledger Fabric is its architecture. It is modular and ready for further evolution based on open standards. The consensus algorithm for hashgraph could also be used as consensus algorithm for Hyperledger Fabric.
I believe there are two things that should happen for blockchain to get the maturity of internet.
I am overall very optimistic about blockchain and also about this becoming mainstream in near future.