What’s new in Hyperledger Fabric V2.0
Originally Published: https://www.blockchainexpert.uk/blog/hyperledger-fabric-v2-0.
Among enterprise-level blockchain platforms, Hyperledger Fabric is one of the most popular entities. Since its introduction in 2017, it is updated regularly over time to better cope with the industrial requirements. Being under the care of the Linux Foundation and getting wide community support, the platform has grown and got adopted to production environments across the globe at a faster pace than its competitors. Last month, the hyperledger team came with a new major update. That is Hyperledger Fabric v2.0. In this blog, we are discussing those much-awaited changes in v2.0.
Improvisation in decentralized governance over chaincode
Until this update, the permission to set the chaincode parameters on behalf of all other participants in that channel resides in a single organization. Even though the others had the power to refuse its installation and are not endorsing the transaction, it was not easing that situation but messing it up further.
With the new chaincode life cycle, the participant organizations are allowed to reach a consensus on chaincode parameters like its endorsement policy before interacting with the ledger.
Similar to this, before upgrading a chaincode, a sufficient number of organizations must approve.
Now, without repackaging or reinstalling the chaincode, it is possible to change the endorsement policy or private data collection configuration. That is good, as it saves time in the development and testing stages.
