TOP 5 BLOCKCHAIN PLATFORMS YOU NEED TO KNOW ABOUT

Blockchain seems to be picking up pace nowadays. The technology that once evolved in the year 2009 as the underlying platform for Bitcoin exchange has now evolved into a mainstream technology. It finds application in various fields. Whether it is healthcare or finance, you can find many companies venturing into Blockchain technology and developing Blockchain based applications that will help in making the business operations more transparent and efficient.

Here it is important to mention the various Blockchain platforms can be used by the enterprises. I want to mention here that I will be focussing on various Blockchain platform other than Bitcoin.

1.  Ethereum

After Bitcoin, if there is something that has created a buzz in the market, then its Ethereum. Vitalk Buterin founded it in the year 2014. Ethereum is one of the highly active and open source Blockchain which also forms the base for development of other applications.

Key features of Ethereum :

  • Open for public use
  • Proof-of-work based system
  • Strongly followed in Github

Multiple language application like C++ and python

2. Hyperledger Fabric

This is one of the most recently developed Blockchain platform The world got to know about hyperledger in the year 2016. Linux Foundation made it. Its objective is to boost the use of Blockchain technologies across different industries.

Key features of Hyperledger

  • Real-only history inquiries
  • 180+ collaborating enterprises
  • Production ready for enterprises.

3. IBM Blockchain

It is the pioneer company to venture into blockchain so that it can create a platform for transparent business operations. IBM has a separate division which is only focussing on creating Blockchain based applications. IBM boasts about a more efficient consent mechanism which has made it garner the attention of many.

Key features of IBM Blockchain

  • It offers a permissioned network, which most of the companies are eyeing because of the security issues

Supported language: Go and Java

4. Multichain

It is an open-source Blockchain platform which is used to create permission network. This finds usage in both within and across different enterprises.

Key features of Multichain :

  • Formation of permissioned network
  • Strongly followed at Github
  • Free and open source pricing

Supported languages: C, C++. Python and Javascript

5. Hydrachain

It is a collaborative initiative of Ethereum and brainbot technologies. Since its an extension of Ethereum platform, it is used to create private ledger which is useful for the enterprise although it is not much popular but is regularly updated at Github.

Key features of Hydrachain :

  • Follows Ethereum protocol
  • Permsisioned network

Supported language: Python

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