Implementation of Smart-Contract, Based on Hyperledger Fabric Blockchain

Abstract

Nowadays smart contracts apply in management, bank system, insurance, estate, IoT and others, because they perform credible and trackable irreversible transactions without third parties. The paper presents a solution for creation of a smart contract based on Permission Blockchain, in particular Hyperledger Fabric. The tests are presented with Hyperledger Explorer for Fabric 1.4.x under Linux Ubuntu.