There are generally two ways to develop business contracts in Hyperledger.

Code individual contracts into standalone instances of chaincode.

Use chaincode to create decentralized applications that manage the life cycle of one or multiple types of business contracts, and let end users instantiate instances of contracts within these applications.

Code multiple contracts into distributed instances of chaincode.

Code individual contracts into distributed instances of chaincode.

Use chaincode to create centralized applications that manage the life cycle of one or multiple types of business contracts, and let end users instantiate instances of contacts within these applications.