3 Major Platforms For Blockchain Development

1. Top Blockchain Technology Companies 3 Major Platforms For Blockchain Development The Blockchain is a distributed computer architecture where each network performs and records every other transaction and then the transaction is grouped into blocks. So, it is similar to a database/data record which cannot be altered once the transactions are registered in it. Nowadays, Blockchain development is emerging because it provides a decentralized and secure pathway for transactions. There are two concepts which are crucial to the blockchain network. They are: 1. Smart contract – They are self-executing contracts which have terms of an agreement between the buyer and the seller directly written in the form of code. When companies go for Smart contract development, the agreement lies across a blockchain network. Smart Best Blockchain Companies

2. Top Blockchain Technology Companies contracts help you in exchanging money, shares, property and anything of value in an uncomplicated way. No middleman is required. 2. Private blockchain – The owner of this blockchain is an individual entity or firm. That entity/firm has full access and complete authority over the network. Only those who have this special access can change and delete commands. This can be done as per their requirement and business needs. A private blockchain expenditures and can be automated to suit personal needs, and thus companies prefer Private Blockchain over public blockchain. can reduce unwanted Now that you know the crucial concepts for blockchain, let’s go into further detail regarding the blockchain development platforms. List of all blockchain platforms available for enterprises: 1. Ethereum 2. Hyperledger 3. Corda 4. Multichain 5. Hydrachain 6. Open chain 7. IBM Bluemix Blockchain 8. Chain 9. IOTA Out of all the available platforms, we have shortlisted the three major platforms which can help your business gain traction. Here is an elaborate view on the best platforms: Best Blockchain Companies

3. Top Blockchain Technology Companies 1. Ethereum Type of network: Public, Smart contract based Ethereum is an open blockchain platform where anybody can build, set up and use decentralized applications which run on blockchain technology. Ethereum is known for its adaptability, agile functionality, flexibility, and smart contracting features. Nobody has any control or ownership over Ethereum. Ethereum is basically a peer-to-peer network protocol where the most recent state of operations is stored in the form of Nodes. The platform also allows users to create operations of any complexity that they require, instead of giving them a set of predefined operations. Also, Ethereum is specifically suited for applications which facilitate coordinated group action across a network or automate direct interaction between peers. It is a mature smart contracting blockchain platform. Are you on the lookout for ethereum development? Here is a list of Top Ethereum development companies to help you out. 2. Hyperledger Type of network: Both Public and Private It is hosted by the Linux Foundation and it is an open-source collaborative effort. Its main focus is to advance the cross-industry blockchain technologies. They aim at creating enterprise-grade distributed ledger frameworks and codebases. The collaborating hyperledger enterprises include various industrial giants from banking, finance, IoT and supply chain sectors. Best Blockchain Companies

4. Top Blockchain Technology Companies Hyperledger is a B2B-focussed modular blockchain platform. It is an attractive blockchain framework for enterprise solutions and has a modular architecture. This is the reason why all emerging companies nowadays opt for Hyperledger development. Hyperledger provides a permissioned network and has the advantage of confidential transactions. And the biggest plus point? It does not require mining and expensive computations for any kind of transaction. 3. Corda Type of network: Authenticated peer-to-peer network It is an open-source distributed ledger platform which was launched in 2015. It is the result of a joint venture between many big companies of the world. Corda was mainly designed keeping in mind the banking sector. But with time, it has expanded to other sectors like finance, healthcare and hospitality sectors. In Corda, there is no built-in token or cryptocurrency. So, there is restricted access to data within an agreement to only those who are entitled to it. The entire network doesn’t have access to it. This is especially helpful when it comes to managing complex financial agreements. All communication between the nodes in Corda is direct, with TLS-encrypted messages. Hence, data can be shared only to persons who need to know the said information. There is no concept of global broadcasts. Corda is known for its ease of interoperability and easy integration options. Corda can also be regarded as the new operating system for fintech services. Best Blockchain Companies

5. Top Blockchain Technology Companies To sum up: This article highlights the current top three platforms for blockchain development. But, as blockchain itself is an evolving technology, trends might change. Also, as new and emerging platforms come up, blockchain development is moving at an accelerating pace. Each platform brings along new features, new releases and new updates. There are also chances that in future, these major platforms might collaborate and come up with new and advanced versions. Meanwhile, many enterprises have adopted this technology and are collaborating to further conduct research on interchain transactions and communications. If you still have not incorporated blockchain technology for your brand/service, it's high time that you leverage the benefits of blockchain for your business. Source Link:- https://topcompaniesreview.wordpress.com/2018/06/07/3-major-platforms -for-blockchain-development/ Best Blockchain Companies