"Hyperledger has taken a different approach than many other blockchain systems by removing what they consider unnecessary features and provide just shared replicated ledgers. In their view, this core technology, the distributed ledger, can then be integrated into existing systems to allow banks and financial institutions to settle in real time, mitigating risk and the need for expensive reconciliation without the need for a central party.

Designed with identity and compliance in mind, Hyperledger enables operators to know all the participants in a network while still being interoperable with other pools. Hyperledger uses a consensus algorithm, Practical Byzantine fault tolerance (PBFT), which has existed for more than 15 years and is purportedly capable of handling tens of thousands of transactions per second per pool, without the need for capital intensive “proof-of-work” mining."