Blog, Pitang.

The Central Bank of Brazil announced this week that it chose the Hyperledger Besu Blockchain platform to support its digital currency pilot project. This is an important milestone for the Blockchain industry and is a clear sign that more central banks and financial institutions are exploring the potential of Distributed Ledger Technology (DLT).

The project aims to create a digital payment system using Hyperledger Besu, which is an enterprise blockchain platform based on Ethereum. The project will be able to use other technologies, such as Zero Knowledge Proofs (ZKP) and Homomorphic Encryption (HE). These technologies will help ensure data privacy and protect users' sensitive information.

How can BlockchainLab help you use Hyperledger Besu and accelerate your integration into the Real Digital?

At BlockchainLab, we are well equipped to help organizations accelerate their integration process using Hyperledger Besu and other Blockchain technologies. Our team of experts can provide organizations with the guidance needed to start using the platform, as well as all the tools and resources necessary to ensure a successful deployment of their Real Digital payment system. You can build your Hyperledger Besu network in just 5 minutes, focusing your efforts on the use case and leveraging all the expertise of BBChain, which works alongside various financial institutions, to develop your Smart Contract.

What is Hyperledger Besu?

Hyperledger Besu is an open-source Enterprise Ethereum client developed by the Linux Foundation's Hyperledger project. It supports public networks, such as Mainnet, and private networks, such as Quorum Network. It also supports smart contracts on the Ethereum and Quorum networks, allowing developers to write Solidity applications.

Hyperledger Besu provides several features, managing private transactions known as enclaves and privacy protection using ZKPs or HE, permissioned access control for networks with advanced user role management, scalability with support for sharding protocols such as Istanbul BFT, PoA  (Proof of Authority) or PoW (Proof of Work).

The project also comes with built-in compliance features that allow it to meet all necessary legal requirements across different jurisdictions worldwide. This makes it attractive to financial institutions looking to explore DLT in their operations.

What are the benefits of using Hyperledger Besu?

There are several advantages to using Hyperledger Besu compared to other DLTs available on the market today. First, it offers a secure infrastructure that allows organizations to build trustless applications without having to worry about security vulnerabilities or attacks from malicious actors. Second, its modular architecture allows users to customize the platform according to their specific needs and requirements. Third, its high performance ensures that transactions can be processed quickly, without delays or bottlenecks in processing times. Finally, its compliance features ensure that organizations remain aligned with all applicable laws and regulations when deploying DLT-based applications on Hyperledger Besu.

The Central Bank of Brazil's announcement signals an important milestone for both Blockchain technology and digital currencies in general. As more financial institutions explore DLT solutions like Hyperledger Besu for their projects, we can expect wider adoption of distributed ledger technology soon. This can lead to greater efficiency and cost savings across various sectors—especially those related to finance—while still ensuring that data privacy and security remain intact at all times. 

We look forward to seeing how this deployment will impact not only Brazil, but other countries around the world that are exploring similar solutions for their own financial systems!

Available on the Azure Marketplace!

By using BlockchainLab's services on Azure Marketplace, customers can easily create a Hyperledger Besu network using their Azure subscription. BBChain offers an intuitive interface to allow users to easily purchase and configure their Besu network. Subscribers can also take advantage of BBChain's configuration and development services to assist them in implementing their projects. These offerings include capabilities such as smart contract creation, identity management, and integration with other systems. All that is required is an Azure subscription, and users are ready to be part of the DLT revolution!

BBChain CEO - André Carneiro at MTC - Microsoft Technology Center  - São Paulo - Brazil

About BBChain and BlockchainLab!

BBChain can help enterprises use Hyperledger Besu with its experts, in addition to providing BlockchainLab, a SaaS platform that helps companies build and manage decentralized networks and applications with governance and security on Hyperledger Besu and other Blockchain platforms. Thus, your companies can focus more energy, time, and resources on business cases and less on the technical details of the technology, gaining scale and knowledge to explore tomorrow's technology today.