Yu Shan, a Senior Abstruse Expert at Alibaba Cloud, aggregate his affair on “Agile Acute Connection: Blockchain Business Addition Based on Alembic Technology” at the 2017 Computing Conference at the C Beijing Summit. He alien the abstruse advantages of Alibaba Billow blockchain in agreement of Alibaba Billow Alembic Account and blockchain activity solutions.
The afterward agreeable is sourced from his presentations at the 2017 Computing Conference, C Beijing Summit.
Blockchain technology is a broadcast aggregate balance technology, which is mainly acclimated for Internet databases. With this technology, trading parties allotment abstracts with regulators over blockchain networks. Anniversary affair has a ledger. Once a transaction is accepted and agreed aloft by all parties and accounting in the ledger, the balance cannot be altered. The transaction history can be traced back. Transaction advice and identities of trading parties are adequate as clandestine information. Transactions are automatically implemented through acute contracts.
Blockchain can be classified into a accessible chain, clandestine chain, and accord chain. Key technologies absorb accord algorithm, cryptology, and broadcast architecture. The blockchain technology can break the assurance botheration and accomplish for decentralized/multi-center architectures.
Hyperledger Fabric belongs to the Linux Foundation. It is the best affecting subproject beneath the Hyperledger activity and the best affecting basal architectonics for blockchain. Based on Apache License v2, the activity
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