As the name suggests this is a service that provides cryptographic algorithms and standards for usage in the blockchain network. This service provides key management, signature and verification operations, and encryption-decryption mechanisms. This service is used with the membership service to provide support for cryptographic operations for elements of blockchain such as endorsers, clients, and other nodes and peers.
After this introduction to this component of Hyperledger Fabric, in the next section, we will see what an application looks like when on a Hyperledger network.