Here are the top 5 blockchain platforms companies under my radar. (Curated based on the number of applications built on top of it, enterprise support, updates, open source etc)
Ethereum stands in the top position as the best blockchain platform available today. Ethereum is a Blockchain development platform, which is designed for creating Smart Contracts and to assist in the creation of complex decentralized applications and blockchain platforms.
Being one of the most mature blockchain platforms, it is widely used in multiple industry use-cases. Currently, The Ethereum Enterprise Alliance, which is a non-profit organization is now over 250+ members strong and connects Fortune 500 enterprises, academics, startups, and technology vendors with Ethereum subject matter experts.
Ethereum uses smart contracts to facilitate the exchange of value whether it’s in the form of money, content, property or shares of ownership on its platform. As Ethereum’s smart contracts run on blockchain technology, the applications can run without fear of downtime, fraud, third party interference, tampering of data or censorship by a centralized authority.
Hyperledger Fabric is a platform for distributed ledger solutions, underpinned by a modular architecture delivering a high degree of confidentiality, resiliency, flexibility, and scalability. It was hosted by Linux Foundation and launched in 2016. It has about 185+ collaborating enterprises across finance, IoT, banking, manufacturing, and technology.
Hyperledger Fabric leverages blockchain technology for business. It is designed to support pluggable implementations of components delivering high degrees of confidentiality, resilience, and scalability. It has a modular architecture and provides a lot of flexibility in how you want to use it. Its extensible architecture provides futuristic solutions for enterprise blockchains.
Corda is an open-source Blockchain platform developed to build permissioned distributed ledger systems. The project was generated by R3 consortium, combining the largest banks. It allows users to manage legal agreements between various parties. Like any other distributed ledger, R3 Corda provides safety in data storage and immutability in recording data.
Corda was designed with banking in mind but other use cases in supply-chain, healthcare, trade finance, and government are emerging. Corda is a permission blockchain as it restricts access to data within an agreement to only those explicitly entitled to it, rather than the entire network. It is noteworthy that only Corda enables developing interoperable blockchain networks which transact with strict privacy. At the moment, it’s probably the only distributed ledger platform which has pluggable consensus.
BigChainDB is an open-source, distributed ledger system that attempts to combine blockchain and traditional database concepts, to provide a solution that utilizes the best of both worlds. When most of the blockchain solutions look for improving the speed and efficiency of transactions. BigchainDB takes a different route and does not attempt to improve the blockchain protocol. Instead, it utilizes the existing blockchain consensus engine to handle the P2P communication and immutability and stores data in MongoDB, which makes it possible to apply powerful queries on the data.
The system does not have its own currency but it permits issuing and transferring any assets, tokens, and cryptocurrencies. BigChainDB is based on a Federation Consensus Model, a federation of nodes having voting permissions. Supporting both public and private networks, BigChainDB has various use cases, including in areas of intellectual property, government, human resources, and land registry.
EOS is a blockchain platform that is used for the development of the decentralized application(dApps). It makes dApp development easier by providing an operating-system-like set of functions and services that dApps can make use of. The idea behind EOS development is to bring together the best features and promises of the different smart contract technologies out there.
The EOS community aims to provide one simple to use, massively scalable dApp platform for the everyday user. The EOS envisions to build a blockchain dApp platform that can smoothly and securely scale to thousands of transactions in a second, all while providing an accessible experience to app developers, users and entrepreneurs. They aim to provide an operating system that is suited for decentralized applications by providing services like user authentication, server hosting, and cloud storage.
TOP 5 BLOCKCHAIN PLATFORMS
The top 5 blockchain platforms listed above are curated based on the number of applications built on top of it, enterprise support, updates, open source etc. CONTACT US, If you’d like to review the full report.