What we’re doing to help fight COVID-19 now Read More

Case Study: Blockchain Consulting – Loan Marketplace


The client – developers of a proprietary secondary loan marketplace that automated the process of combining and splitting loans across multiple lenders – wanted to provide immutable smart contract access for all buyers and sellers.


The client wanted a tamper-evident, immutable digital transaction ledger for a private network of participating peers.  As a government regulated entity, regulatory requirements required that all participants of the blockchain be known to all others. Further, it was decided that all smart contracts would be validated and managed by the collective network instead of a central authority.


The infrastructure to implement blockchain networks with custom consensus mechanisms was built using Hyperledger Fabric. There are 3Hyperledger Fabric SDKs – Golang, Java and NodeJs. The Sphere blockchain consulting team used NodeJs.  The Ethereum smart contract was written on blockchain consultingSolidity language and the smart contract on Fabric was written on NodeJs. Individual transactions were defined and managed by the network which supported secure data-sharing. Each organization and user also received specifically generated private keys for authentication, digitally signing transactions, and creating Hyperledger addresses and ports.

Since all parties were known, the blockchain contained a genesis block where all of this information is stored. When nodes are added or removed, the Hyperledger network updates the genesis block.  Further, each participating organization served both as a Peer Node and an Endorsing Peer Node.

To ensure transactions are completed quickly, every user in this network can request and complete data transactions in near real time.


Blockchain technology has great potential when it comes to data sharing capabilities. Implementing a blockchain with Hyperledger can increase security, and reduce the amount of time and resources required to complete trusted data transactions. For more information, contact Sphere’s blockchain consulting practice lead.


Understand the trade-offs of technical debt

How do you strike the right balance between feature development and the handling of technical debt? New white paper now available.

Talk to the team that worked on this project

Related Case Studies & Resources

Case Study: Sphere’s Custom Atlassian Solution for Delta Dental

Case Study: Sphere’s Custom Atlassian Solution for Delta Dental

ABOUT DELTA DENTAL Delta Dental is the largest dental insurance company in the country. This organization offers national dental coverage to more than one-third of the estimated 212 million Americans with dental insurance. It’s a not-for-profit organization that...

Cloud Computing Considerations, Benefits, and Concerns

Cloud Computing Considerations, Benefits, and Concerns

  Cloud Computing Considerations, Benefits, and Concerns: Cloud computing is growing rapidly in revenue, sophistication, and capabilities. Some major players are battling it out trying to be the king of the cloud. What does this battle look...

Agile, Security, & Compliance—Exploring the Tensions

Agile, Security, & Compliance—Exploring the Tensions

  Can security, compliance, innovation, and Agile methodologies coexist? On September 17, 2019, in Austin, Texas, a TechDebate panel of Agile and technology experts will gather to address this question. To get a sneak preview, I had the chance...