With the advent of Bitcoin as an alternative currency, the blockchain world has been in operational mode for the past 4 years and 5 years.
But more than cryptocurrencies, the enterprise’s adoption of blockchain has generated strong interest from major players.
While technology businesses should have a more natural relationship with blockchain technology, it is traditional financial services businesses that have taken the lead in incorporating blockchain in their business operations.
And here are the top blockchain platforms in the world:
Ethereum
Ethereum is a public blockchain network and was developed by Vitalk Buterin, a 24-year-old Canadian. Ethereum is considered as one of the Blockchain platforms that achieves effective development of multidisciplinary features, flexibility and adaptability.
How is Ethereum different from other Blockchain platforms:
– Ethereum provides greater transparency than Hyperledger.
– The flexibility of the platform allows any developer to create applications using existing programming languages.
Having Ether Ether Ether is an integrated cryptocurrency that provides a competitive advantage for Ethereum applications compared to Hyperledger and Corda in cryptocurrency-demanding use cases.
But the real problem is that Ethereum is built as a B2C application and its status as a public blockchain makes it difficult to co-opt in the current form for enterprise applications.
Hyperledger Fabric:
How is Hyperledger fabric different:
Only authorized users can modify the transaction encryption, this feature achieves very high security. This feature solves the problem compared to Ethereum, providing transparency regardless of privacy.
Built in a modular way, it requires less level of verification and therefore optimizes the performance of the entire software.
Data partitioning on blockchain allows businesses to protect highly sensitive data due to the implications of different laws or regulations by allowing access to stakeholders.
Quorum
Enterprise Blockchains: Overview of Quorum
Quorum is an intelligent Blockchain platform focused on Ethereum-based businesses and authorized networks. The platform was created in 2016 through the introduction of EEA (Ethereum Enterprise Alliance). Quorum supports both types of transactions, public and private.
This Blockchain platform is suitable for cases that require high processing speed and fast individual transactions. This is a growing Blockchain platform, the niche outside of financial services organizations
How is Quorum different:
As an authorized platform, it provides complete data security and easy access.
The processing speed of transactions is higher than that of Ethereum
Most updates in Ethereum can be easily integrated with Quorum as this is an extension of the Ethereum platform.
With the support of JP Morgan, Quorum is expected to lead in financial services. There are reports that JP Morgan is looking to split the project into another company so that it can be seen more widely applied in the market.
Akachain
Akachain is the blockchain platform of FPT, focusing on supporting enterprises to build business network systems and distributing applications using blockchain technology. The system supports enterprises to deploy novel business models effectively, instantly, time savings and cost savings. Akachain uses blockchain technology and smart contract to facilitate businesses and individuals to implement business in the most efficient way. The system is being deployed and applied in different countries in various fields such as Finance & Banking, Insurance, Retail and Supply Chain, etc.
View more at: https://akachain.io
Conclusion:
The future of blockchain enables high scalability, sustainability, and governance compared to existing blockchain networks, Blockchain 3.0.
This empowers organizations and businesses to deploy enterprise blockchain systems using a platform of their choice, such as Hyperledger, Corda, Ethereum, etc. and promote the organization’s adoption of technology.
