Klaspad Blockchain Structure:

This blockchain network will consist of 3 main entities:

• The Interface Interface will be able to talk to the Blockchain network. Transactions containing chain-code (smart contracts) can be designed and triggered here by Klaspad clients, via a software or web interface.

• Peers are nodes that contain copies of the ledger. These peers will require the permission of the organization to operate. Klaspad may allow clients and other stakeholder institutions to run their own peers, allowing them to keep an eye on the integrity of the network, though this is not necessary.

• Orderers are nodes that verify transaction operations. Peers will only update the blockchain if an orderer has verified the transaction. For this reason, orderers will only be run by Klaspad.

Why the Hyper-ledger fabric Framework:

Hyper-ledger is quite different from traditional decentralized blockchains, it’s better considered a distributed blockchain that requires permissions from a central authority. Because the network has a permission hierarchy, it is more secure than a small decentralized blockchain, while still retaining integrity and security benefits. Hyper-ledger fabric will allow Klaspad to provide data services over its blockchain framework, in a secure, scalable way.