►
Description
A virtual meetup hosted by Hyperledger Los Angeles on June 21, 2023 featuring Ravi Chamria, CEO of Zeeve, who is presenting about Building and Scaling Real Enterprise Consortiums on Hyperledger Fabric. Ravi will be covering these topics in the meetup:
a) Challenges of designing topology of consortium networks
b) Defining and implementing governance
c) Stakeholder onboarding, scaling and managing consortiums
----
Hyperledger – Open Source Blockchain Technologies
Hyperledger is an open source community focused on developing a suite of stable frameworks, tools and libraries for enterprise-grade blockchain deployments.
It serves as a neutral home for various distributed ledger frameworks including Hyperledger Besu, Fabric, Sawtooth, Indy, as well as tools like Hyperledger Avalon, Cactus and libraries like Hyperledger Aries, Ursa. Learn more about Hyperledger projects: https://www.hyperledger.org/use
Discord: https://discord.gg/rVCn4j7UFd
Case Studies: https://www.hyperledger.org/learn/case-studies
Training & Certification: https://www.hyperledger.org/learn/training
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#Hyperledger #Blockchain
License
Creative Commons Attribution license (reuse allowed)
A
B
You
are
live
all
right:
let's
do
it
hello,
everyone
and
good
morning,
good
afternoon
good
evening,
depending
on
the
time
zone
you're
in
I
assume
we
have
people
from
multiple
time
zones
already
and
more
people
will
be
joining
over
the
next
few
minutes.
My
name
is
tan.
Veer
I
organize
some
of
the
hyperledger
meetups
in
California,
and
also
help
out
on
the
virtual
meetups
that
we
do.
B
A
lot
of
our
meetups
are
virtual,
since
speakers
are
all
over
the
world
and
it's
worked
out,
you
know
very
well,
but
we
do
plan
to
have
a
few
in-person
meetups
as
well,
both
in
the
Bay
Area
and
in
Los
Angeles,
and
so
please,
stay
tuned
for
for
announcements.
That'll
be
happening
in
the
future
very
excited
about
having
Ravi
join
us.
You
know
for,
for
today's
event,
he's
the
founder
and
the
co-founder
and
CEO
of
ziv.
They
are
a
leading
blockchain
infrastructure.
B
As
a
service
platform,
Ravi
has
been
in
the
blockchain
space
for
many
years
now,
in
fact,
he's
one
of
the
the
key
people
or
one
of
the
people
who
played
a
key
role
in
me,
getting
very
excited
about
the
blockchain
space.
So
really
excited
about
hosting
him
before
I.
Have
him
start
his
presentation?
Just
a
couple
of
you
know
announcements,
many
of
you
who
are
regular,
who
regularly
attend
the
hyperledger
events.
B
B
Why
hyper
Legend
ethereum
go
together
like
peanut
butter
and
jelly
I
also
want
to
take
this
opportunity
to
share
that
I'm
doing
a
virtual
meetup
on
a
virtual
fireside
chat
on
June
28th
I'm
hosting
the
co-founder
and
CEO
of
a
tokenization
platform
called
Showbox.
The
topic
is
demystifying
security,
token
offerings
and
I'll
put
a
link.
B
You
know
in
in
the
chat
for
anyone's
interested.
You
know
please
do
join
us.
It's
going
to
be
a
great
fireside
chat.
We've
also
lined
up
some
other
speakers
as
well,
so
we
have
a
Vodafone
joining
us
in
in
August
August
9th.
We
will
be
officially
announcing
that,
but
there's
already
a
placeholder
on
the
on
the
on
the
website.
B
You
know
we
also
have
a
speaker
from
FedEx
will
be
joining
us
subsequently
talking
about
how
Global
brands
are
leveraging
web
3
and
the
metaverse
right
to
drive
digital
transformation.
So
we'll
have
a
whole
series
of
thoughts
on
that.
So
with
that
I
want
to,
you
know,
bring
it
back
to
bring
it
back
to
to
Ravi
Ravi
stock.
Today
is
a
building
and
scaling
real
Enterprise
consortiums
on
hyperledger
fabric
Ravi
really
excited
about.
A
A
A
started
a
journey
with
hyperledger
fabric
and
Sawtooth
fabric
was
at
0.6
at
that
point
of
time
and
so
worked
in
the
Enterprise
space
built
quite
a
few
products
and
solutions,
especially
in
the
fintech
area.
Financial
Services,
digital
record
management
supply
chain
Etc,
and
then
you
know,
we
saw
that
there
is
a
huge
challenge
in
managing
the
blockchain
infrastructure.
A
So
today,
in
the
presentation
we'll
be
covering
a
bit
primer
about,
you
know
blockchain
platforms
and
what
are
the
consortiums?
What
are
the
benefits
of
farming?
A
Consortium?
What
are
the
challenges?
How
to
take
care
of
those
challenges?
And
then
you
know
from
a
technologically
business
perspective
out
of
different
set
of
challenges
targeting
some
of
the
technology
related
challenges
that
will
enable
to
design
or
scale
an
Enterprise
Consortium.
A
A
Anybody
can
join
the
network,
anybody
can
become
a
sticker
or
a
minor
and
can
write
transactions
to
the
blockchain
and
all
the
transactions
are
pretty
much
visible
across
different
explorers.
To
anyone
who
want
to
see
Visa
is
that
in
the
Enterprise
space
we
do
require
permission,
blockchains
permission.
Blockchains
are
the
chains
which
has
got
access,
controls
permissions
so
who
all
can
participate
in
the
consensus
who
all
can
see
what
kind
of
data,
so
these
are
required.
A
A
A
Most
of
the
use
cases
that
were
realized
after
you
know
the
initial
phase
of
2017
to
19
when
a
lot
of
pocs
and
Pilots
were
done.
We
realized
that
most
of
the
use
cases
are
industry-led,
use
cases
where
multiple
organizations
would
come
together
and
try
to
solve
industry
challenge
or
a
larger
challenge
using
blockchain
technology.
A
So
that's
where
the
whole
concept
of
consortion
comes
in,
so
Consortium
means
that
you
know
multiple
organizations
can
come
together
and
they
can
work
in
a
common
single
Network
and
the
primary
goal
of
forming
such
a
network
is
that
there
may
be
industry-led
challenges.
For
example,
we
have
worked
with
few
consortiums
in
the
insurance
space,
so
there
are
quite
a
few
industry
driven
problems
in
the
insurance
where
lack
of
transparency
or
data
sharing
among
the
different
industry
participants
lead
to
a
lot
of
misuse
or
abuse
in
the
system.
A
So
that's
where
you
know
if
the
industry
players
can
come
together
and
they
can
go
out
to
form
a
Consortium,
so
then
they
can
weed
out.
You
know
they
can
share
data
with
proper
access
controls
Etc,
so
that
is
typically
a
primary
goal
of
forming
a
blockchain
Consortium
and
of
course
the
advantage
is
not
just
to
one
single
participant,
but
all
the
participants
of
a
Consortium
can
benefit
out
of
forming
a
Consortium.
A
One
of
the
study
by
Deloitte
clearly
shows
that
74
of
organizations
who
are
participating
in
a
blockchain
Consortium
with
comparators
or
would
like
to
join
one.
So
there's
a
major
thrust
on
blockchain
consortiums
and
what
we
have
seen
is
that
either
blockchain
Consortium
is
formed
by
one
of
the
player
within
the
industry,
or
there
are
quite
a
few
blockchain
Consortium
which
are
led
by
a
third
party
startup,
and
then
you
know
the
startup,
bringing
together
different
industry
players
solving
a
specific
problem
and
based
on
the
kind
of
problems
they
are
solving.
A
You
know
some
of
the
blockchain
consortiums
are
use
case
focused
like
you
know
whether
it
be
supply
chain
track
and
Trace,
whether
it
be
solving
challenges
in
the
trade
Finance
space
or
remittances
Etc,
so
different
banks
coming
together
different
supply
chain
intermediaries
and
players
coming
together.
It's
a
different
kind
of
use.
Cases
are,
you
know,
governed
using
a
Consortium
kind
of
structure,
and
then
you
know
we
have
industry
focused
use
cases
like
you
know
when
we
have
seed
consortiums
in
in
banking
space
in
Insurance
space,
where
industry
players
come
together.
A
We
do
have
credit
bureau,
but
the
time
it
takes
for
the
data
to
come
from
The
Lending
organization
to
the
bureau
and
then
being
used
by
other
lending
organization,
there's
still
a
huge
gap.
So
these
are
some
of
the
industry
related
issues
that
can
be
easily
solved
using
a
blockchain
Consortium.
And
then
there
are
geography
focused.
It
may
be
a
government
initiative.
A
There
are
quite
a
few
use
cases
like
you
know:
identity
within
a
within
our
country,
cbdc's.
Another
use
case
that
we
are
seeing.
So
there
are
quite
a
few
use
cases
where
multiple
players
will
come
together,
like
in
the
case
of
cbdc,
Central,
Bank
and
other
Banks.
You
know
coming
together
and
it
may
be
initially.
Most
of
them
are
geographically
restricted,
but
then
later
on,
it
may
open
up
to
other.
A
Also
so
different
features
of
blockchain
Consortium,
so
that
is
where
complexity
comes
in,
as
we
know,
it's
very
difficult
for
one
organization
to
work
with
another
organization,
one
at
the
organization
level.
If
you
see
there
are
quite
a
few
challenges
to
implement
a
new
technology,
and
when
we
talk
about
various
industry
players
coming
together
and
at
times
and
most
of
the
times
in
fact,
there
may
be
competitors,
so
competitors
coming
together
or
other
industry
players
coming
together
with
different
systems,
different
objectives,
different
way
of
working
different.
A
You
know,
processes
and
workflows
how
to
bring
them
together.
So
that's
why
the
it's
very
important
to
know
what
constitute
a
Consortium
blockchain
and
what
all
different
areas
which
are
there.
So,
for
example,
there
needs
to
be
proper
rules
and
regulations.
What
we
call
corporate
governance
or
Consortium
governance,
where
how
different
parties
are
coming
together?
Who
can
do
what
defining
proper
access
controls,
rights
and
duties
and
and
designing
a
proper
governance
structure?
A
A
And
then
then
there
are
issues
related
to
a
transaction
throughput,
depending
on
the
use
case,
what
kind
of
transaction
throughput
is
required
and
accordingly,
the
Consortium
blockchain
should
be
able
to
support
it,
and
then
you
know
we
have
scalability
as
to
how
the
blockchain
consortiums
can
scale.
The
very
reason
of
forming
consumptions
are
are
to
derive
common
value
out
of
different
industry
players.
A
So
if
you
see
a
different
set
of
participants,
so
one
is
a
Consortium
agreement.
Then
second
is
a
participant
agreement.
So
if
you
see
Consortium
agreement,
there's
always
a
promoter.
Now,
as
I
mentioned,
it
may
be
an
industry
player,
it
may
be
a
third
party,
a
technology
player
or
maybe
a
third
party
startup.
A
And
then
you
know
there
are
operating
rules.
How
this
Consortium
is
going
to
be
organized
can
be
operationalized
maintained,
scaled
Etc.
So
those
are
some
of
the
decisions
that
again
needs
to
be
on-chin,
driven
mostly
the
data
or
should
be
encoded
in
smart
contracts,
so
that
industry
players
who
are
coming
together,
they
feel
comfortable
with
it.
We
have
seen
that
you
know
a
lot
of
Consortium
have
faced
challenges
where
some
of
the
small
to
mid-sized
players
in
the
Consortium
may
feel
insecure
from
the
large
players
in
the
Consortium.
A
So
this
difference
in
the
size
of
the
organization
or
objectives
or
vision
of
of
different
organizations.
You
know
make
make
it
very
important
that
a
clear
governance
is
defined
and
most
of
the
governance
activities
or
governance
rules
should
be
encoded
in
smart
contract
and
very
much
visible
and
transparent
to
everyone.
A
A
We
are
seeing
Consortium
across
different
sector.
Financial
Services,
of
course,
is
the
largest
one.
I
would
say
the
touch
Bearer
when
initially
you
know
different
construction
firm.
They
were
formed
by
different
banks
coming
together,
other
financial
institutions
and
today,
with
the
tokenization
happening
in
last
couple
of
years,
there's
a
lot
of
thrust
on
tokenization
of
real
world
assets
and
tokenization
of
digital
assets,
and
there
again
we
are
seeing
a
lot
of
organizations
are
coming
together
or
through
interoperability
or
through
Consortium
approach,
where
again
Financial,
Services,
Telecom,
media,
energy
and
utility.
A
So
one
is
first,
is
building
a
Consortium
that
you
know
what
kind
of
Consortium
needs
to
be
there,
whether
it's
solving
a
use
case
related
problem
or
industry
related
problems.
And
then
you
know
different
construct
of
the
Consortium,
and
then
you
know
determining
who
the
members
of
the
Consortium
would
be
different
organizations
and
apart
from
organizations
who
are
directly
being
part
of
the
Consortium
rest
of
the
other
members
who
are
going
to
place
some
role
or
the
other
within
the
Consortium.
A
And
then
you
know,
defining
the
consensus
mechanism,
different
policies,
governance
rules,
technology,
stack,
I've
got
a
detailed
diagram
as
to
different
steps
of
defining
it.
And
then
you
know
approach
like
you
know,
starting
with
an
MVP
or
a
POC
or
MVP
approach,
and
then
scaling
it
over
a
period
of
time.
A
Specially
when
we
talk
about,
let's
say
tokenization
of
real
world
assets,
once
you
have
tokenized
assets
who
all
can
transit
in
those
tokenized
assets,
so
ensuring
a
proper
decentralized
identity
which
is
combined
with
the
real
world
identity
and
then
based
on
that
putting
restrictions
on
how
the
tokens
can
be
traded,
who
can
buy,
who
can
sell
and
so
on
so
forth.
So,
similarly,
depending
on
what
the
use
case
is
which
is
underlying
the
Consortium,
it
becomes
important
to
take
care
of
all
the
Regulatory
and
compliances.
A
So
now,
I'm
coming
to
hyperledger
fabric,
so
hyperledger
fabric
has
been
I,
think
the
biggest
platform
today,
where
most
of
the
Consortium
have
been
formed,
and
not
just
in
financial
services,
but
we
have
seen
in
supply
chain
and
in
financial
services,
trade
Finance
Etc.
So
there
are
quite
a
few
Industries
where
hyperledger
fabric
has
been
the
choice
to
build
a
Consortium
blockchains
and
the
reason
is
a
very
clear
one.
You
know
hyperledger
has
been
hosted
under
Linux
foundation
and
there's
a
thorough
philosophy
of
openness.
All
their
code
is
open.
A
There
is
a
huge
Community
Support.
A
lot
of
pieces
have
been
built
around
the
core
components:
there's
hypology
Labs,
which
continue
to
add
more
and
more
projects,
and
there
are
projects
like
hyperledger
bisu,
which
connect
with
ethereum.
So
there
are
a
lot
of
innovative
Frameworks
and
different
products,
plugins
and
components
within
the
hyperledger
suite
of
products
that
enable
you
know,
building
a
Consortium,
easy
and
you
know,
there's
a
proper
system
of
defining
the
access
controls.
A
The
consensus
is
being
controlled
by
a
limited
set
of
players,
so,
of
course,
the
the
transition
throughput
can
be
a
bit
higher
and
then
there
is
a
chain
code
functionality
which
enables
smart
contracts,
so
any
kind
of
business
logic
can
be
written,
not
just
defining
the
governance
contract.
But
apart
from
that,
on
the
application
side,
all
different
kind
of
logic,
business
logic
can
be
built
using
these
smart
contracts.
A
Now,
coming
to
the
core
of
that
lot
of
blockchain
based
systems,
including
construction,
have
been
designed
in
last
six
seven
years,
and
a
lot
of
challenges
have
been
seen
that,
despite
some
of
the
initiatives
fail
after
six
months
or
one
year,
but
then
over
a
period
of
time,
now,
I
think
there's
a
there's,
a
much
more
discipline,
much
more
wisdom
in
terms
of
what
are
the
established
use
cases
of
blockchain.
It's
not
that
technology
can
be
fit
into
any
kind
of
scenario,
so
there
are
established
use
case.
A
There
are
established
ways
of
doing
things,
and
these
are
some
of
the
challenges
when
we
design
a
blockchain,
Consortium
and
plan
to
scale
it.
So
first
I
think
one
of
the
major
challenges
are
in
the
organization
side,
where
there
needs
to
be
a
clear
buy-in
from
the
management,
because
many
times
quite
a
few
use
cases
are
are
transformational.
They
require
a
lot
of
changes
in
the
existing
workflows
and
there
may
be
an
additional
cost
component
to
it.
A
a
unit
economics
may
not
be
that
favorable
for
some
of
the
use
cases.
A
So,
of
course,
it
requires
a
lot
of
thrust
from
the
management
so
that
the
technology
penetration
can
happen
so
more
disruptive,
the
technology
or
the
use
cases
for
a
specific
process
within
the
organization.
A
larger
buy-in
is
definitely
required,
and
then
governance,
I
think
I
cannot
stress
enough,
because
quite
a
few
Consortium
have
failed
just
because
of
improper
governance
structure
or
implementation
of
network
governance.
A
And
then
you
know
the
problem
comes
in
once
the
initial
Consortium
has
been
formed.
Some
initial
players
have
been
formed,
bringing
in
other
stakeholders
to
join
the
Consortium
I
think
is
quite
challenging
and
then,
of
course,
you
know
there
has
been
lack
of
know-how,
talent,
especially
on
the
blockchain
architect,
side,
who
can
design
solid
Solutions,
who
have
got
solid
experience
or
expertise
and
Building
Solutions
and
then,
of
course,
regulations
and
compliances
again
is
a
is
a
quite
a
big
organizational
challenge.
A
In
fact,
since
most
of
the
jurisdictions
today
do
not
have
a
proper
regulatory
framework,
that's
why
a
lot
of
use
cases
or
initiatives
organizations
normally
take
a
vaccine,
but
that
is
thankfully
changing.
Now,
in
last,
two
three
years
we
are
seeing
quite
a
few
jurisdictions
are
coming
up
with
different
regulations
related
to
digital
assets,
and
especially
if
you
talk
about
blockchain,
where
you
know
a
utility
token
is
not
involved
or
a
token
which
is
being
used
to
raise
funds.
Etc
is
not
in
board,
then
there
are
a
lot
of
government
departments.
A
A
You
know
Consortium
that
we
have
worked
with
with
few
industry.
Players
is
trade
finance
and
in
trade
Finance
today
what
happens
is
almost
30
to
35
percent
of
cost
of
trade
Finance
any
any
International
Trade
transaction
is
just
because
of
documentation
and
there's
a
huge
repetition
of
you
know
same
document
being
shared
again
and
again,
rectified
verified
validated
again
and
again
and
there's
a
huge
cost.
It
adds
and
it
adds
to
the
time
as
well
as
the
cost,
to
the
trade
Finance
transaction.
So
these
all
cost
again.
A
You
know
there
are
a
lot
of
tangible
and
intangible
costs
that
again
needs
to
be
assessed
when
we
are
seeing
the
benefit
of
using
blockchain,
and
then
we
have
a
lot
of
technological
chance
challenges,
so
one
you
know
blockchain
is
still
maturing.
So
there
are
a
lot
of
developments
which
are
happening.
Newer
versions
come
up,
newer,
blockchain
Protocols
are
coming
in,
so
there
are
quite
a
few
protocols
and
then
you
know,
as
use
cases
are
getting
matured
different.
A
You
know
people
are
resorting
to
complex
networks
and
in
complex
networks
the
needs
may
be
even
much
more
than
what
we.
What
the
technology
can
support
today,
so
maturity
is,
is
definitely
one
of
the
challenge
and
there
are
a
lot
of
newer
protocols
which
are
solving
it,
and
then
you
know
like
Fabric
or
Basu.
They
have
been
launching
newer
versions,
so
all
different
blockchain
protocols.
A
So
that
again,
is
a
very
important
Challenge
from
a
technology
standpoint,
and
then
interoperability
is
in
fact
one
of
the
critical
aspect
because,
as
we
see
there
are
a
lot
of
Consortium
being
formed
by
five
industry
players
like
five
banks
come
together
and
for
a
specific
use
case,
they
form
a
Consortium.
So
we'll
increasingly,
we
are
seeing
lot.
A
Many
of
these
kind
of
consortiums
are
being
formed
and
what
eventually
will
happen
is
that
these
Consortium
need
to
share
data
with
each
other
so
until
unless
either
they
form
a
larger
Consortium,
where
the
complexity
of
creating
designing
and
managing
a
Consortium
is
even
more
complex.
So
I
think
we
are
going
to
see
these
smaller,
smaller
consortiums
and
then
interoperability
needs
to
be
very
strong,
so
that
data
can
be
shared
among
these
different
consortiums
or
different
Networks
and
then
in
the
security
and
compliance
is
again
adhering
to
the
different
Cloud
policies.
A
Various
technology
compliances
within
an
organization
and
just
imagine
in
a
consortium-like
structure
where,
if,
let's
say
one
of
the
industry
player
is
the
foundational
member
or
some
of
the
industry,
players
are
the
initial
members
how
to
onboard
a
new
stakeholder
and
the
new
stakeholder
may
have
a
different
Cloud
preference.
We
want
to
you,
know,
deploy
within
their
own
Cloud
environment
Etc
and
still
want
to
join
the
network.
So
how
to
manage
this
kind
of
complexity
again
becomes
very
important
from
security,
compliances
and
ease
of
use,
the
user
experience.
A
End
of
the
day
should
be
licensing
with
different
Legacy
platforms,
because
whenever
we
design
a
blockchain
based
system
and
Enterprises,
there
would
be
a
huge
amount
of
data
that
still
would
be
off
chain
and
there
would
be
some
amount
of
data
that
needs
to
be
on
chain.
So,
while
designing
deciding
what
data
should
be
on
chain
off
chain
becomes
very
important
and
how
you
know
the
on-chain
data
is,
is
being
pulled
in
how
it
is
validated.
A
So
it
is
coming
from
the
proper
source
and
then,
if
whatever
data
is
off
chain,
if
we
are
pushing
some
of
the
transaction
hash
of
that
option.
Data
onto
in
in
Into
The,
blockchain
Ledger,
so
these
are
some
of
the
decisions
that
becomes
very
important
and
as
we
provide
more
and
more
Legacy
Integrations,
the
overall
implementation
exercise
becomes
very
easier
and
then
choice
of
deployment.
A
As
I
mentioned
different
Enterprises
within
the
same
industry
may
we
be
used
in
different
Cloud
environments,
maybe
public
clouds,
private
clouds,
on-premise
bare
metals
or
virtual
machines,
so,
depending
on
you
know,
different
kind
of
deployment
choices
should
be
there
even
for
the
same
network
So
within
the
same
network.
There
should
be
choices
with
different
players
as
to
what
kind
of
infrastructure
they
would
like
to
use
to
deploy
and
manage
the
nodes.
A
So
these
were
the
challenges
that
we
see
in
designing
and
and
then
scaling
blockchain
Consortium.
This
is
a
a
diagram
which
shows
you
know,
starting
from
use
case
evaluation
framework
to
operations
and
then
how
to
ensure
the
success
of
a
Consortium.
So
there.
When
we
talk
about
scaling,
then
memberships,
you
know
how
to
bring
in
different
stakeholders
and,
as
I
mentioned,
bringing
a
stakeholder.
There
are
business
set
of
challenges
and
there
are
a
lot
of
Technology
challenges
in
onboarding
and
new
stakeholder.
How
to
make
it
so
seamless.
A
So
there
are
cutting
down
manual
processes
of
issuing
licenses
and
the
whole
onboarding
process
needs
to
be
made
much
smoother
and
then,
of
course,
realizing.
The
value
proposition
of
the
Consortium
Visa
is
the
cost
that
is
going
to
be
anchored
and
how
that
cost
is
going
to
be
funded
and
how
the
cost
economics
will
work
for
all
the
construction
participants,
leadership
who
is
driving
the
whole
Consortium
and
what
are
the
different
roles?
What
are
the
different
incentives
for
each
participant,
especially
people
who
are
driving
the
Consortium?
A
So
talking
about
technology
challenges
per
se,
that
is
where
you
know
what
is
required
and
how
we
at
zeef
have
tried
to
solve
it.
So
one
you
know
any
so
one
you
know,
one
simple
way
is
to
manually
manage
everything
you
can.
There
are
documentation,
there
are
no
house
based
on
which
manual
networks
can
be
set
up,
but
manually
setting
up
a
network
has
got
its
own
set
of
challenges,
one.
It
takes
a
huge
amount
of
time
and
then
huge
amount
of
expertise
is
required.
A
If
in-house
expertise
is
not
there,
new
resources
need
to
be
trained,
because
the
quite
a
few
processes
in
devops
practices
and
compliances
Etc
are
are
quite
different.
When
we
talk
about
a
decentralized
network,
and
then,
apart
from
that,
you
know,
there
may
be
issues
related
to
error
or
scalability
how
to
manage
them.
A
That
also
becomes
very
important
and,
as
we
discussed
that
the
blockchain
technology
is
maturing,
so
the
upgrades
and
updates
that
happen
on
the
protocol
level,
they
are
quite
frequent,
so
that
again
needs
to
be
ensured
that
the
network
is
completely
updated.
All
the
security
patches
updates
upgrades
everything
is
being
done
without
disrupting
the
data,
The
Ledger
data
or
different
processes
within
the
Consortium,
and
then
second
is
the
whole
deployment
option.
Piece
as
different
players
will
have
different
needs.
A
Different
Comfort
levels,
different
engagements
that
they
have
so
there
should
be
a
support
for
different
kind
of
cloud
environments,
so
any
any
kind
of
cloud
can
be
used.
On-Premise
deployments
can
be
used
within
this
the
same
network.
We
do
require
a
proper
orchestration
deployment
strategy
deployment
architecture,
so
it
is
cost
optimized
still
provides.
You
know
high
performance
and
high
availability,
so
this
again
is
very
important,
especially
when
we
are.
A
A
Most
of
the
consortiums
today
are
having
the
whole
stakeholder
onboarding
process
completely
manual,
which
takes
a
lot
of
time
to
add
new
stakeholders
into
the
into
the
system,
and
sometimes
you
know
if
you
try
to
solve
it
very
easily.
Like
the
foundational
member
or
the
initial
set
of
members
are
running
the
whole
infrastructure,
then
it
tends
to
centralize
the
overall
infrastructure.
A
So
in
the
ideal
scenario,
each
stakeholder,
each
external
organization
who
is
joining
the
Consortium,
should
be
able
to
manage
their
own
node
and
join
the
network
and
have
access
to
complete
Ledger
Etc.
So
that
way
we
continue
to
increase
decentralization
in
the
network
and,
as
more
decentralization
happens,
of
course,
it
leads
to
better
security
and
more
trust
and
transparency
among
the
network
participants.
A
A
So
some
of
the
features
as
I
mentioned
stakeholder
onboarding-
we
have
made
it
very
simplistic
so
that
it's
like
simply
sending
a
SMS
or
email
in
White
and
the
stakeholder
can
simply
click
on
it
and
then
can
set
up
their
own
node
in
a
completely
no
code,
automation,
workflow
and
then
they
can
still
join
the
main
network
with
all
access
controls.
Etc
applied
to
it
and
the
central
monitoring
dashboard
allows
to
see
the
whole
network
topology.
A
Players
test
out
the
use
case
validate
it
and
then
you
know,
establish
the
value
proposition
and
then
people
want
to
bring
in
more
and
more
industry.
Players
want
to
scale
it
to
100
players
or
200
players
there.
Of
course
automation
helps
a
lot
and
as
I
mentioned,
you
know,
we
provide
proactive,
24,
7
monitoring
and
analytics
and
alerts
and
notification
both
for
the
web
interface
as
well
as
mobile
app.
A
So
that
and
then
we
have
a
concept
of
self-healing
nodes
where
most
of
the
issues
are
managed
by
the
system
itself
system
identifies
get
the
alert
and
based
on
the
issue
identification.
The
system
solves
it
itself,
it's
only
when
the
system
is
not
able
to
solve
based
on
the
self-healing
concept,
then
only
an
alert
is
sent
to
the
devops
team
to
take
care
of
the
issue,
so
this
is
I
wanted
to
cover.
From
a
slight
perspective
now,
I
see
there
are
quite
a
few
questions
on
the
chat.
A
So
one
question
is
how
many?
What
are
the
companies
that
work
with
hyperledger
so
I
think
so
there
are
quite
a
few
organizations
who
are
working
with
hyperledger.
In
fact,
you
can
go
to
the
hyperledger
website
and
you
can
find
the
list
of
all
the
members,
and
apart
from
that,
all
the
people
who
have
been
building
on
hypoager.
There
are
case
studies,
there
are
different
projects
and
and
then
of
course
you
can
always
do
Google
search.
There
are
a
lot
of
Consulting
companies.
A
There
are
a
lot
of
system
integrators,
a
lot
of
Enterprises
a
lot
of
startups
who
are
building
blockchain
as
a
service
platforms
using
hyperledger
Suite
of
products,
so
I
have
so
there
are
and
I
think
Europe
is,
is
one
of
the
hot
seat
for
companies
that
are
working
with
hyperledger.
In
fact,
the
last
hyperledger
Forum
happened
in
in
Ireland.
A
Yeah,
so
there
are
so
like
we
are
working
with
government
blockchain
Association
GPA
GBA
has
created
a
maturity
framework
which
you
know
there
are
certain
set
of
criteria
based
on
which
you
can
see
how
mature
your
blockchain
framework
is
not
not
just
the
underlying
protocol,
but
the
overall
Consortium
structure
that
you
have
designed
how
mature
it
is.
So
it's
a
it's
a
very
good
framework,
and
apart
from
that,
there
are
a
few
other
Frameworks
that
are
there
in
the
market.
A
Is
the
assessment
of
the
cost,
all
the
tangible
intangible
cost
that
needs
to
be
assessed
to
identify
what
kind
of
Roi
can
be
realized?
So
there
is
a
cost
attached
to.
There
would
be
disruptions
in
the
existing
workflow.
So
what
kind
of
changes
need
to
be
done
in
the
existing
processes
or
workflows?
A
Then
there
is
a
cost
of
of
you
know:
designing
the
Consortium
there's
a
technology
cost
of
running
the
Consortium,
and
then
there
is
a
lot
of
operational
costs
apart
from
non-tech
non-tech
operational
costs,
which
is
involved,
so
one
is
taking
care
of
all
the
costs.
The
second
is
I
think
the
cost
piece
is
comparatively
simpler.
A
It
is
the
return
piece
which
is
very
difficult
to
ascertain
because
in
some
of
the
use
cases
quite
a
few,
quite
a
amount
of
value
that
you
derive
may
be
intangible,
so
like
if
you're
cutting
down
and
that
can
be
realized
over
a
period
of
time
very
difficult
to
realize
in
a
short
period
of
time.
You
know
how
bringing
efficiency
in
data
sharing,
for
example,
or
record
management
like,
for
example,
we
were
working
with
an
Enterprise
and
fmcg,
where
they
are
spending.
A
Almost
eight
million
dollars
just
in
dispute
resolution
and
and
most
of
these
disputes
are
based
on
because
two
different
parties
are
not
able
to
agree
on
a
certain
data
point
and
there's
a
duplication
of
data
entries.
For
example,
let's
say
a
goods
are
delivered
to
an
X
warehouse
now
at
what
time
the
good
delivered
and
what
time
so
there
needs
to
be
a
common
stem
to
a
certain
that,
yes,
there's
a
common
sense,
a
source
of
Truth
to
determine
that
what
actually
happened
on
the
ground.
A
So
these
are
some
of
the
smaller
smaller
challenges
across
the
workflow
process,
and
that
leads
to
huge
amount
of
disputes
that
happen
so
very
important
to
work
out
all
the
different
value
that
is
going
to
be
derived.
Then
I
think
a
certain
Roi
becomes
very
easy.
We
had,
in
fact
in
one
of
the
GBA
webinars,
our
CTO
had
done
a
webinar
of
cost
of
doing
blockchain.
So,
if
you
connect
with
me,
I
can
share
the
deck
that
we
had
used.
B
A
No,
so
we
don't
work
with
hyperledger,
it
will
work
in
the
sense,
There's
No,
Business
engagement.
We
are
one
of
the
members
of
hyperledger
foundation
and
we
support
hyperledger
product
Suite
on
our
platform.
So
R
is
the
blockchain
infrastructure
as
a
service
platform
that
it's,
like
you
know
the
AWS
or
Heroku
of
blockchain.
A
Where
you
know
we
provide
all
the
like.
You
know
dashboard
workflows
where
you
can
deploy
nodes
and
networks.
You
can
maintain
the
analytics
monitoring.
There
are
different
value-added
services
like
decentralized
governance,
decentralized
storage
and
various
other
values
like
key
management
and
so
on
so
forth,
and
we
support
the
hyper
Fabrics
or
to
the
hyperledger
Basu
Indie,
and
and
continue
to
add,
more
and
more
products.
B
In
fact,
Robbie
we'd
love
to
bring
you
back
for
a
you
know,
event
in
the
future,
and-
and
you
know
it
do
one
of
one
or
two
other
topics-
I
wanted
to
switch
gears
a
little
bit
here.
You
you've
been
engaged
with
with
some
amazing
Enterprise
customers.
So
just
want
to
get
your
thoughts.
You
know
a
twofold
question:
how
is
for
the
industry
at
large
for
blockchain
adoption?
B
How
is
that
happening
at
the
Enterprise?
What
are
some
of
the
headwinds
you're
experiencing
and
also
if
we
can
touch
base
on
like,
are
Enterprises
missing
out
on
anything
right
and
I'll
use
a
small
example.
Many
years
ago
the
whole
focus
of
in
the
security
world
was
Outsider
thread,
Outsider
thread,
Outsider
threat
and
a
lot
of
them
Overlook
the
the
chat.
B
You
know
the
the
risk
of
inside
Insider
attacks
right
and
then
it
took
a
couple
of
huge,
high-profile
issues
right,
one
of
the
very
big
European
bank,
and
then
people
woke
up
to
like
the
Enterprise
woke
up
to
okay.
We
need
to
also
address
inside
it
right
so
in
the
blockchain
world,
wanted
to
see
that
our
Enterprises
are
they
doing
anything
wrong
where
they
may
be
missing
out.
So
I
was
hoping
you
can
take
a
couple
of
minutes
and
address
these.
This
three-part
question.
A
So
one
I
think
from
a
traction
perspective.
The
overall
adoption
that
we
saw
in
the
initial
years,
like
I,
would
say
till
2020
was
very
slow
one.
Only
a
few
organizations
tested
out,
blockchain,
Tech
and,
and
then,
since
you
know,
technology
was
new
and
there
were
a
lot
of
business
challenges
in
implementing
blockchain.
A
So
the
overall
rate
at
which
you
know
the
pocs
or
Pilots
moved
to
production
was
was
very
less
and
I
think
post
2020
and
what
what
we
are
seeing
is
one
there's
a
lot
of
discipline.
There
are
serious
conversations
now
because
the
use
cases
are
pretty
much
established.
There
is
a
larger
Workforce,
a
lot
of
Architects,
a
lot
of
Consultants
who
have
got
expertise
and
experience
and
have
known
what
are
their
challenges
and
how
to
circumvent
or
solve
them.
And
second
I.
A
You
know
in
trade,
finance
and
supply
chain
track
and
Trace
there
are
quite
a
few
players
are
coming,
which
are
helping
in
the
adoption,
so
I
think
technology
is
still
competitively
new,
still
there's
a
lot
to
navigate
in
terms
of
actual
implementations.
But
yes,
there
are
a
lot.
The
ecosystem,
as
I
would
say,
has
matured
quite
a
bit.
Lot
of
necessary
ecosystem
components
are
in
place.
Now
that
is
enabling
start
more
and
more
Enterprises.
To
now
try
out
different
blockchain
use
cases.
B
A
Yeah,
so
I
I
was
just
reading
that
yeah,
so
Jeff
I
think
to
quite
an
extent.
What
you
have
mentioned
is
is
definitely
right.
Not
all
configurations
can
be
managed,
but
I
definitely
would
love
to
invite
you
to
you
know
schedule
a
demo
with
us,
we'll
show
you
the
how
we
have
done
quite
a
few
complex
configurations
in
a
no
code
manner.
But
yes,
still
I
would
say
you
are
absolutely
right.
A
Not
100
of
the
configurations
can
be
managed
or
done
in
a
no
code
manner,
but
what
we
have
realized
is
that
you
know
when
you
are
designing
a
blockchain
based
system.
You
know
hyperledger
based
system,
then
you
may
try
out
different
configurations.
So
just
imagine
that
if
you're
doing
it
manually,
you
are
put
in
some
kind
of
configuration
set
up
the
network
and
then
you
kill
the
network
want
to
make
some
change
to
the
core
changes
to
the
core
configurations.
A
Then
you
know
it
takes
a
huge
amount
of
time
to
run
through
this
exercise,
one
of
our
customer
using
hyperledger
on
one
of
the
clouds.
They
are
using
us
solely
for
this
purpose
because
they
are
in
a
process
of
of
fine-tuning
their
configurations,
so
it
becomes
easy
to
spin
off
a
network,
kill
the
network
and
then
re-spin
off
it.
So
I
think
from
that
perspective
you
know
the
the
no
code
approach
is
very
helpful.
A
Second,
we
have
tried
to
bring
in
a
lot
of
like,
for
example,
channels,
so
we
have
brought
in
a
lot
of
Channel
related
configurations
which
nobody
has
done
in
the
Market
within
the
no
code
approach.
So
since
we
are
a
distinct
difference
between
us
and
the
devops
organization
is
that
we
started
our
journey,
we
spent
almost
four
or
five
years
building
hundreds
of
different
solutions
in
the
blockchain
space.
So
we
understand
the
underlying
protocol
very
well
the
kind
of
challenges
as
a
developer
we
have
faced.
B
A
B
A
Oh
yeah,
so
that's
a
that's
a
classic
challenge.
I
remember
especially
in
1718.
It
was
a
huge
challenge.
I
used
to
have
a
meeting
with
15
20
people
in
the
in
in
the
room,
and
the
conversation
in
the
half
of
the
conversation
was
always
centered
towards
Bitcoin,
but
yeah.
We
have
we've
come
a
long
way
from
that
now,
at
least
we
understand
the
technology
and
Bitcoin
as
one
of
the
use
cases
of
Technology,
especially
on
the
payment
side.
So
so,
but
I
think.
A
But
if
you
talk
about,
you
are
using
token,
let's
say
in
the
tokenized
asset
use
cases
your
tokenizing
commodity
or
some
other
real
estate
or
other
other
kind
of
assets
and
you're
using
this
tokenized
asset.
That
is
not
a
problem
that
is
not
a
problem
from
a
from
a
regulation
or
compliance
standpoint.
It's
it's
a
pure
like
the
way
we
have
been
using
loyalty
points,
so
we
have
been
using.
A
You
know
wallets,
like
paytm,
so
there
it's
pretty
much
tokenized
in
a
digital
format,
but
blockchain
gives
is
a
tokenization
where
you
can
have
an
absolute
ownership
of
the
token
and
then
there
is
a
clear
immutable
audit
trail
of
all
the
transactions
of
that
token.
So
it
helps
to
Define
clear
ownership.
Etc,
so
blockchain
technology
per
se
gives
a
lot
of
benefits
as
compared
to
the
the
way
we
have
been
managing
it
in
in
the
web
to
space.
B
C
A
Infrastructure,
then,
from
an
infrastructure
standpoint,
it
actually
doesn't
matter
if
the
platform
is
across
different
geographies.
In
fact,
there
are
a
few
consortiums
where
nodes
are
being
run
across
different
geographies.
There
are
industry
participants
across
different
geographies
and,
and
we
try
the
node
to
be
hosted
very
near
to
where
the
Consortium
partner
is
or
most
of
the
users
are
to
for
managing
latency
Etc.
A
So
again
it
geography
per
se
doesn't
matter
from
a
field
over
perspective,
like
you
know
whether
all
the
nodes
are
running
within
one
country
or
multiple
countries,
because
most
of
the
underlying
clouds
that
are
being
used
are
Global
in
nature.
They
have
data
centers
like
if
you
talk
about
s
Azure
or
Google
Cloud,
they
have
data's.
A
B
A
C
A
Is
completely
distributed
across
different
nodes,
different
stakeholders,
if
each
stakeholder
is
just
assuming
that
each
stakeholder
is
is
running
a
node
by
themselves,
then
everybody
has
got
the
exact
copy
of
their
Ledger
and
all
the
data
is
stored
there.
But
now,
let's
say
if
you
design
a
system
using
hyper
Legend
using
channels.
So
you
can
have
these
private
subnets
and
you
know
they
can
allow
you
further
privacy
of
data.
So
it's
not
about
the
licensing
of
the
data.
Data
belongs
to
the
network
due
to
the
Consortium
and
the
Consortium
participants.
B
A
Events
yeah
absolutely
so
so
we
have
events
and
new
section
on
our
platform,
which
lists
all
the
past
events,
as
well
as
upcoming
events
and
for
all
the
past
events,
all
the
webinar,
the
Twitter
spaces.
All
the
presentations
are
added
in
our
YouTube
channel
or
different
podcasts,
and
then
you
can
also
subscribe
to
even
newsletter
which
monthly
newsletter
it
tells
about
all
the
upcoming
events
in
that
month.
B
Excellent,
so
Robbie
we're
coming
to
the
end
of
the
hour
I
want
to.
Thank
you
again.
I
know
it's
a
late
hour,
it's
what
almost
11
p.m
now
in
India.
So
thank
you
so
much
for
joining
us
today
for
your.
If
this
is
a
great
session,
really
appreciate
it,
and
thank
you
for
Patiently
answering
all
the
questions
like
I
mentioned
in
the
future.
We'd
love
for
you
to
you
or
your
CTO,
to
come
back.
You
know
for
for
another
event,
with
hyperledger
in
the
future.