ORE System Black Knight
The ORE Black Knight (OBK) instance of Hyperledger Fabric is a permission-based blockchain that offers enterprise-grade solutions for businesses, projects, or personal use. The OBK instance of Hyperledger leverages the capability to host and support smart contracts and business applications created in several general-purpose (GP) programming languages like Node.js or Java. The GP programming languages offer businesses the ability to integrate their applications in a capacity not constrained by domain-specific languages, allowing for more internal controls.
The protocol capabilities for OBK offer a wide variety of options for the employment of business applications and smart contracts on the Black Knight instance. From consensus to provisioned identity management tools, OBK can be configured to meet whatever use case requirements an organization may have. Outside of a custom-built blockchain to meet the specific needs of a use case, OBK can be configured to suit a wide array of configuration requirements, satisfying just about any consensus, identity, chain code, database, or validation need for blockchain services.
Blockchain is often associated with anonymity. Creating trust issues with public blockchains. This is generally what creates the need for a native “cryptocurrency” to assist with the transaction requirements, providing incentives in Proof-of-Work (PoW) protocol transactions. OBK is a permissioned blockchain that can remove the requirement for a cryptocurrency to complete the PoW requirement. Controlling domain access is left to the organization, allowing an internal vetting system to be employed for establishing need, trust, and access in the OBK instance.
The OBK instance also helps secure data across the distributive ledger, giving the user the ability to have redundant access to the data within the system. Securing sensitive data on OBK gives users the ability to query data that is within the identity control measures outlined in the protocols, ensuring that there is no spillage across the organization. It also helps organizations protect trade secrets from nefarious actors and accidental access from unauthorized employees. The use of the permissioned blockchain allows organizations to interact at the appropriate levels, capturing all transactional information across the distributive ledger, and validating transactions according to organizational requirements.
Expanding on the topic above, the OBK instance uses the execute-order-validate as a part of its architecture. This separates the transaction into three stages. The execute transaction checks the submission for correctness and then endorses it. The order transaction operates via the programmed consensus configurations, making sure it fits protocol requirements. Last, the validate portion compares the transaction against the contract-specific requirements with the confirmation of the execute and protocol requirements before committing the data to the ledger. This is a shift from traditional paradigms, as it executes transactions before the final agreement on the order. The application specifies how many nodes can be required and which nodes have priority for transactional validation to manage risk more effectively.
The performance of the OBK instance of Hyperledger Fabric can be impacted by variables that delay routine emails. The file size, limits of hardware, and network size all play a role in the speed with which the transactions take place on OBK. All of these planning factors can affect the volume of transactions that can occur on a OBK instance, but applications running on the OBK instance see results of 3,000 up to 20,000 Transactions per Second (TPS), depending on pluggable modules.
As organizations plan their digital transformation and look to integrate business applications on the blockchain, several variables can influence decisions. The modularity of the OBK instance allows business applications to be finely tuned, optimizing the balance of risk and performance. OBK also allows for data security and redundancy with the distributive ledger technology, based on settings controlled by the organization. This allows for risk mitigation at the operational level. Finally, the OBK instance efficient right out of the gate, but is scalable for growth. Reach out to the email below to schedule a call with our team to set up a consultation to see if OBK can benefit your organization.