We will build BitRent blockchain platform on the Hyperledger Fabric 1.0. Why Hyperledger?
Decentralized public blockchains require every peer to execute every transaction and they can’t support private transactions.
While distributed ledger gives the flexibility and security to make transactions visible to select parties with the correct encryption keys. What’s more, it has different peer types. So, the blockchain looks up an endorser identity and then sends transactions only to the peers that are involved to generate a result.
Concerning our platform, Hyperledger gives a possibility to introduce user roles (like Investor, Developer, Construct) to differentiate verification procedures and introduce different terms and conditions for Bitrent platform usage.
Taking about access rights, all blockchain participants are able to read info about projects but only a project participants will be notified about changes and only specific roles could make entries in the project blockchain node.
Finally, just a small point, project participants are not required to use computer processing power to confirm transactions.
For More Information Follow Us On