Distributed Ledger Frameworks Comparison: Corda vs Hyperledger Fabric

At the moment, blockchain is the fastest-growing technology in the world. On the market are several blockchain frameworks such as Ethereum, Fabric, Corda, Indy, and Quorum. Two notable frameworks for blockchain-based corporate solutions, Corda and Hyperledger Fabric, will be compared in this article. Enroll in a hyper ledger fabric course to learn more in-depth about it and become a hyperledger developer.

What is Corda?

Open-source blockchain platform Corda automates the maintenance of legal contracts and other shared information between mutually trusted parties by utilizing distributed ledger technology. In the beginning, Corda was intended to be used in financial institutions. Corda Enterprise is the commercial version of Corda. This version of Corda adds commercial database support (Oracle, MSSQL), HSM, speed enhancements (parallel flow execution), high availability node configuration, and tools for Corda network implementation.

What is Hyperledger Fabric?

‘Hyperledger Fabric’ is an open-source blockchain architecture that allows the creation of blockchain-based goods, solutions, and applications. An open platform, Fabric may be used in a variety of ways. Users can alter aspects such as consensus, transaction validation design, ledger storage, and identity storage using the system’s modular architecture (plug-and-play).

Corda versus Hyperledger Fabric

Due to their private and permissioned nature, both frameworks provide for strong control over who has access to the data. Overall, they have a far higher transaction rate than public blockchains.

Professional Support

Hyperledger and R3 are the two businesses responsible for the goods if the names didn’t previously give it away.

As part of the Linux Foundation, Hyperledger was created as an open-source community focusing on enterprise-grade blockchain installations for businesses. In 2016, IBM and Digital Asset were the first contributors to Fabric.

Founded in 2014, Corda was open-sourced in November 2016 and R3 is the sole service provider behind it. Corda and Corda Enterprise are two of R3’s products. All of Corda’s basic functionality is included in Corda Enterprise, along with the Corda Firewall, support for high-availability Node and Notary installations, and compatibility with Hardware Security Modules. It is only Corda Enterprise users that have access to R3’s professional support services.

Applicability

Even at the architectural layer, where blockchain technologies reside, enterprise solutions are rarely employed straight out of the box, if at all. The protocol’s relevance to the problem that the company is seeking to address must be taken into account before even considering a cost-benefit analysis.

The fabric was built from the ground up to be customized to satisfy a wide range of corporate use cases. To achieve this, pluggable ordering service, membership service provider, endorsement and validation policy, optional P2P gossip service, and ledger support for several DBMS are all available. As a result of Fabric’s support for multiple version levels, nodes may be upgraded in real-time.

However, Corda’s architecture has been broadened since it was originally developed for regulated financial organizations. Corda, on the other hand, relies on industry-standard protocols and pluggable notaries to do this. By configuring minimum and target versions, Corda allows platform versioning to be implemented on a given platform. Corda 4.0 now supports rolling updates to a limited extent, with complete support on the horizon for the future.

Wrapping up

Although there are many more elements of both systems that may be compared, due to the length of this essay, the above will have to suffice as an introduction. Many fundamental features are available on both systems despite differences in technological implementation, thus scaling is not an issue. Essentially, Fabric was developed with modularity in mind, while Corda was designed with industry standards in mind.

Which is preferable for your use case depends on a variety of factors, but Fabric is more likely to be relevant owing to its flexibility, both in terms of architecture and vendor governance approach, compared to other options. It’s important to note that Corda should be examined while seeking a permissioned blockchain network due to its industry specialization and single point of contact, R3. There seems to be an ongoing need for both methods, and I’m interested to watch how they continue to improve.