TOP 5 ENTERPRISE BLOCKCHAIN PLATFORMS

Blockchain is a game-changing technology that has revolutionised practically every industry, including finance, healthcare, supply chain management, and many more. Blockchain has shown to be the best and most effective option for managing data more securely and confidentially. New uses are being discovered as Blockchain technology is further tested.

The creation and maintenance of blockchain-based platforms is aided by the expanding number of Blockchain platforms. Businesses have seen the need and have begun to examine the capabilities of Blockchain by developing innovative Blockchain applications.

Here are Top 5 Enterprise Blockchain Platforms:

1. XinFin

eXchange inFinite (XinFin) is a non-profit Blockchain company based in Singapore. The primary focus of the company is international trade and finance. XinFin effectively overcomes the gap between legacy systems and the Blockchain to become the language of global marketing and finance.

XinFin’s protocol built upon a paradigm of consortium Blockchains makes it different from other private/permissioned and public Blockchains.

2. R3 Corda

R3 is one of the leading consortia of financial institutions that built an open-source Blockchain platform named Corda in 2015.

Corda is a permissioned Blockchain platform that supports DLT applications enabling businesses to perform transactions directly and in strict privacy. It doesn’t have a cryptocurrency or any built-in token. Since Corda operates in permissioned mode, it increases privacy and provides fine-grained access control to digital records.

3. Hyperledger Fabric

Hyperledger is an open-source community that aims to develop a suite of stable frameworks, libraries and tools for enterprise-grade Blockchain deployments. It is a neutral home for various distributed ledger frameworks such as Hyperledger Sawtooth, Fabric, Indy and tools and libraries like Hyperledger Caliper and Hyperledger Ursa, respectively.

4. Hedera Hashgraph

Hedera hashgraph is a highly scalable public network that doesn’t involve computation of heavy Proof-of-Work algorithm. It is used to design and develop innovative and scalable decentralized applications. The consensus mechanism on which it relies is asynchronous Byzantine Fault Tolerance (aBFT).

Hedera is different from other Blockchain platforms as it is fair, fast, secure and follows a unique mechanism. It offers considerably better and reliable algorithms for higher transparency.

5. Quorum

It is an open-source Blockchain protocol designed for use in private or consortium blockchain networks. ConsenSys is building entirely over Quorum and is used as an open-source Blockchain platform by businesses.

Quorum is an enterprise-focused Ethereum Blockchain that specifically financial sector. Since Quorum operates on a permissioned network, it offers organizations the ability to customize it to their own needs. It is the brainchild of JP Morgan.