Top 10 blockchain platforms

       Top 10 blockchain platforms

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 Block chain technology and developing Block chain based applications that will help in making the business operations more transparent and efficient.

Top 10 blockchain platforms you need to know about

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 focusing on various Block chain platform other than Bitcoin.

1.  Ethereum

After Bitcoin, if there is something that has created a buzz in the market, then its Ethereum. Vital Uterine founded it in the year 2014. Ethereum is one of the highly active and open source Block chain 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. Hyper ledger Fabric

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

Key features of Hyper ledger

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

3. IBM Block chain

It is the pioneer company to venture into block chain so that it can create a platform for transparent business operations. IBM has a separate division which is only focusing 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 permission ed network, which most of the companies are eyeing because of the security issues
Supported language: Go and Java

4. Multi chain

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 permission ed 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 brain bot 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
Permission network
Supported language: Python

6.  Ripple

When we talk about popularity, the Ripple shares similar popularity as Ethereum or Bitcoin. It was created in 2012 and is one of the best performing currency.

Key features of Ripple :

It helps connect banks, digital assets exchanges, and payment providers
Send money globally with ease.
The high speed of ripple guarantees 5 transactions every second, thus making
It a faster and more efficient platform.

7. R3 Corda

If you have heard about Block chain, then you would have often heard about the R3 consortium. It is a collaboration of some of the world’s biggest financial institutions that are exploring new uses of Block chain and integrating it with the system. It has created an open-source DLT platform.

Key features of R3 Corda :

It was founded in the year 2013
Apart from focusing on the commercial segment, Corda also explores
Block chain's application in healthcare, trade finance, supply chain, etc.
It is a permission ed Blockchain
It focusses on interchangeability ease of integration with the legacy system.
8. BigChainDB
It is also an open-source Blockchain platform.

Key features of BigChainDB USP’s:

Custom assets
No in-built currency
Public and private network
9. Open-chain
It’s a popular open source platform. This platform is majorly useful for companies who are looking for handling digital assets. It has customized permission at different levels.

Key features of Opencahian:

Private network
Supported language: JavaScript

10. IOTA

This is the latest entrant in the world of Block chain platform. Its an added application of open source Blockchain technology.

Key features of IOTA:

It is for the creation of both public and permission ed network
It supports nano payments
IOTA token based pricing
How to choose the best platform for your business?
Before you decide to move to use Blockchain, it becomes imperative to understand, what are the different aspects of the Blockchain platform that you are considering. Here are some of the parameters that you need to look at  :