As we can see, the blockchain technology is becoming a key element of Enterprise IT & Technology Services offering additional new features. so, here we show blockchain platforms that every enterprise need to Know.
Top Blockchain Platforms
Ethereum is a decentralized platform that runs smart contracts applications. It is an open platform that effectively utilizes Blockchain technology to facilitate smart contracts and Cryptocurrency trading securely without a third party. The increase in Ethereum blockchain has given rise to the crowdfunding phenomenon like ICO (Initial Coin Offering).
Ethereum platform gains benefits from all the properties of the Blockchain technology that it functions on. It is protected to any third-party interventions, which means all the decentralized apps and DAOs deployed within the network cannot be controlled by anyone else.
Defined as an open source collaborative effort created to advance cross-industry blockchain technologies”, the Hyperledger model provides the option to organizations to build and run industry-specific Blockchain apps, platforms, and hardware systems to support their own business transactions.
This innovative blockchain platform aims to resolve business problems associated with data privacy, security, and information sharing among others.
is an open source distributed ledger technology highly suitable for organizations seeking to manage digital assets in a robust, secure and scalable way? With customized permissions on various levels, the system is rising in popularity level.
a blockchain platform targeting financial applications. R3, the company behind Corda has recently launched its Corda Enterprise release, which adds an additional security layer, a so-called Blockchain Application Firewall.
Corda’s focus on financial applications is both its biggest strength and weakness. Contracts are modeled on traditional commercial contracts. In contrast to other systems, contracts are upgradable. Whilst the smart contract model is ideal for mapping real-world financial contracts, it can complicate the application’s coding model.
It is an enterprise Blockchain platform for Global Payments that aims to connect banks, payment providers, digital asset exchanges and corporates through RippleNet, with nearly-free global transactions without any chargebacks. It enables global payments through its digital asset called “Ripples or XRP” that has become one of the most popular cryptocurrency just behind Bitcoin and Ether.
Quorum is designed to handle use-cases requiring high-speed and high-throughput processing of private transactions, with a permission group of participants. It does not use the Proof of Work (PoW) consensus algorithm but uses vote-based and other algorithms enabling it to process hundreds of transactions per second, depending on how smart contracts and networks are configured.
Quorum is designed to develop and evolve alongside Ethereum. It only minimally modifies Ethereum’s core, thus Quorum is able to incorporate the majority of Ethereum updates quickly and seamlessly. Just like Etherue, Quorum is also open sourced, free to use in perpetuity and encourages experimentation.