I am new to developing Dapps with Hyperledger Fabric using Composer. I would like to know the purposes and use cases of Events in Hyperledger Fabric. On the Hyperledger Composer website it states:
Events can be emitted by Hyperledger Composer and subscribed to by external applications. Events are defined in the model file of a business network definition, and are emitted by transaction JavaScript in the transaction processor functions file.
So do Events act like triggers for the Composer Web Service that can be used in external applications such as notifications? What are the potential use cases of Events and the significance of Events in the overall blockchain landscape?