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Comparison of the private blockchain platforms
In the Coco network, there are two types of actors: members who govern the network and participants who do not have any operational control. Despite this separation of roles, a Coco Network does not have to have both types of actors this modality could be used when, for example, a consortium decide that all parties should have equal responsibilities and permissions and an actor could have both member and participant identities as a means of separating business and administrative transactions [ 11 ].
Scalability tests showed as results a throughput of around transactions per second and latencies in the low hundreds of milliseconds [ 11 ]. Unfortunately, despite the fact it has been announced the 10th of August [ 17 ], and that some video presentations have been published [ 18 ] [ 19 ], the source code is still not available for testing and deploying. The community of developers is still waiting for the release. All of these platforms have very different visions in mind with respect to possible fields of application.
Development of both Hyperledger and Corda is driven by concrete use cases, whereas use cases in both Corda and Credits are drawn from the financial services industry. Hyperledger Fabric provides a modular and extendable architecture that can be employed in various industries, from banking and healthcare over to supply chains. Ethereum also presents itself as completely independent of any specific field of application. However, in contrast to Hyperledger Fabric, it is not modularity, that stands out but the provision of a generic platform for all kinds of transactions and applications [ 1 ].
They emphasize the difference from platform and framework, saying that the Coco framework can integrate with any blockchain platform, but this is actually what the Hyperledger already does. Every one of these projects started with a certain use case in mind, but for bringing something unique and applicable to other contexts.
The Hyperledger umbrella strategy encourages the re-use of common building blocks and enables rapid innovation of DLT Distributed-Ledger Technology components [ 25 ]. As we said, the Hyperledger Fabric project is emerging as the de-facto standard for enterprise blockchain, but thanks to the modularity approach, the key strengths coming from the others subprojects can be easily integrated.
In addition to this, the Hyperledger has already an entire community working on it with lots of resources already available [ 26 ] [ 23 ] [ 27 ]. In contrary, the Coco Framework developed from the Azure branch of Microsoft, even if it is claimed to be open source, it has not yet been released and the resources available are very poor in comparison.
Considering all above, we can conclude, that, according to our experience and to the carried analysis, the Hyperledger Fabric and Credits frameworks are those, that — at the moment — emerge with respect to the others for capabilities, final quality and security. Modularity and flexibility are the two key feature of Hyperledger Fabric that makes it suitable for supporting distributed ledger solutions on permissioned networks for a wide range of industries [ 3 ].
It can rely on the support of a large community and, according to several experts, it remains the only established blockchain solution for enterprise [ 28 ] [ 16 ].
On the other hand, the Credits project started for facing the drawbacks of the existing solutions for a blockchain implementation [ 4 ] [ 7 ] and, thanks to new approaches, it manages to tackle the information security problems [ 5 ], to solve the transaction speed problem [ 6 ] and to provide a low cost transaction, full-scale extended smart contracts and millions of transactions per second [ 8 ].
We hope this post has given you enough information to choose a Blockchain platform for your project. As one of the leading blockchain companies, we provide blockchain consultation to our clients and help them select the right blockchain platform and technology stack that meets their business needs.
Once you let us know your requirement, our technical expert will schedule a call and discuss your idea in detail post sign of an NDA. Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies.
It is mandatory to procure user consent prior to running these cookies on your website. Talk to our Consultant. Now, the question is… What is a blockchain platform? How to select a Blockchain Platform for your business? Akash Takyar. Akash is an early adopter of new technology, a passionate technology enthusiast, and an investor in AI and IoT startups.
Write to Akash. What is the development status of a platform? What type of Blockchain do you require? What Languages does the platform support? How popular is the platform? Look at the reputation of a blockchain platform on websites like GitHub or Reddit. What Blockchain Consensus Protocol does the platform use to achieve consensus?
Does the platform support Smart Contracts Functionality? What kind of scalability does your solution need? Hyperledger Fabric. Hyperledger Sawtooth. Hedera Hashgraph. Hyperledger Iroha. Here is the comparison of best blockchain platforms used by companies for building blockchain based applications. Having the capability to handle hundreds of thousands of transactions per second and authenticate more than one million signatures per second, time to finality for the Hedera platform is measured in seconds; not minutes, hours, or days.
Fair Hedera Hashgraph is fair, ensuring the consensus order of transactions which represents the transaction order received by the community. The platform makes sure no single user is allowed to block the transactions flow into the community. Secure As Hedera Hashgraph is an asynchronous Byzantine fault tolerant, Hedera Hashgraph has the strongest level of security. Achieving this level of security at scale is a fundamental advance in the field of distributed systems. Transparent Process While the transactions on Fabric might be obfuscated, the development process is not.
In fact, the core teams behind Hyperledger have worked hard to create a healthy balance between transparency in the development process and attaining important milestones. Smart Contracts Hyperledger also uses chain code smart contracts just like Ethereum does. Features The EOS platform provides the producers with a governance system which they can use to vote on to validate transactions, edits made to the source code of the platform and confirm whether an application is performing correctly.
Authenticity The platform offers a fully-featured authentication platform to the users where each account will be given a different permission level to save data in a secure manner. Using blockchain, assets digitization can be trustful, transparent, traceable, free of intermediaries and decentralized. Users can register, trade and transfer different types of digital assets on the Neo platform.
Digital Identity Identity information that remains in the form of electronic data is referred to as digital identity. Neo maintains a set of X. Smart Contract Using Neo SmartContract system, developers do not require to learn a new programming language. Rather, they can use Java, C or other languages to develop smart contracts. Get in touch to identify right blockchain platform for your project.
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More higlights
Blockchain technology allows parties to perform direct transactions anytime, anywhere without going through any intermediaries. This means you can transfer money anywhere in the world without going through a bank.
Not only that, the automatic payment system ensures all transactions will be made almost immediately, with extremely high safety. Blockchain promises to be a technology that will change the entire financial services sector. Both Bank of America and Mastercard have jumped into this potential technology field, with more than 48 patents related to blockchain application.
Blockchain is not only a technology of data storage. It can also be used to analyze data, provide graphs, reports and prediction, helping businesses in the supply chain to make more accurate decisions. Moreover, businesses can take advantage of these analytics to increase customer satisfaction throughout their customer journey.
In addition, customers can also access the Blockchain network to search for certain information. For example, a fashion brand may allow users to access a database to verify the origin of apparel material, and they can also submit feedback to the brand via the system.
Such two-way information sharing will help increase transparency, thereby building strong relationships with loyal customers. This company aims to make use of Blockchain in the marketing field, thereby increasing customer engagement. Blockchain technology is not only limited to the 5 benefits mentioned above, but also many other potentialities that have not been explored.
The more research and development conducted, the more practical Blockchain applications will emerge, promising to change the way our world operates like the advent of the Internet before. To anticipate this wave of modern technology, please follow the blog of Lina Network , the pioneer enterprise providing Blockchain digital transformation solution in Vietnam, to update more useful knowledge.
Reference : Smart Insights. Blockchain and its associated technologies will cultivate a marketplace for the sharing of technical and performance information in a cost-efficient and transparent way. Although Willis Lease and FLYdocs are acting as the architects for the development of this communal platform, users will be able to access the wealth of data and resources autonomously.
Even more interesting, however, are the analytical implications of having consistent, shared and protected data anonymously presented on a common platform and available to airlines at no cost.
While airlines remain in control, it provides them with a wider choice between competing solutions as the anticipated open platform environment will enhance competition of data analytics. I expect airlines and data analysts to use this disruptive technology to drive significant efficiency gains in the maintenance, safety and aircraft security within the industry over the next decade. The new platform will have significant potential to change the way data is shared and driven within the aviation sector.
Participation in the project may include benefits such as complimentary use of services, influencing the product roadmap and being a part of an innovative initiative that could change the face of aviation. About Willis Lease Finance Corporation Willis Lease Finance Corporation leases large and regional spare commercial aircraft engines, auxiliary power units and aircraft to airlines, aircraft engine manufacturers and maintenance, repair and overhaul providers in countries.
These leasing activities are integrated with engine and aircraft trading, engine lease pools and asset management services supported by cutting edge technology through its subsidiary Willis Asset Management, as well as various end-of-life solutions for aircraft, engines and aviation materials provided through its subsidiary, Willis Aeronautical Services, Inc.
The FLYdocs Big Data solution is utilised by airlines and lessors worldwide to efficiently manage assets, data and records in real time to transition assets at sale or end of lease on-time in a fully paperless way.
FLYdocs provides aircraft records management software, related outsourcing solutions and technical aviation services. We use cookies to ensure that we give you the best experience on our website. If you use our site without changing the settings, we will assume that you are happy to receive all cookies on the FLYdocs website.
The Hyperledger umbrella strategy encourages the re-use of common building blocks and enables rapid innovation of DLT Distributed-Ledger Technology components [ 25 ]. As we said, the Hyperledger Fabric project is emerging as the de-facto standard for enterprise blockchain, but thanks to the modularity approach, the key strengths coming from the others subprojects can be easily integrated. In addition to this, the Hyperledger has already an entire community working on it with lots of resources already available [ 26 ] [ 23 ] [ 27 ].
In contrary, the Coco Framework developed from the Azure branch of Microsoft, even if it is claimed to be open source, it has not yet been released and the resources available are very poor in comparison. Considering all above, we can conclude, that, according to our experience and to the carried analysis, the Hyperledger Fabric and Credits frameworks are those, that — at the moment — emerge with respect to the others for capabilities, final quality and security.
Modularity and flexibility are the two key feature of Hyperledger Fabric that makes it suitable for supporting distributed ledger solutions on permissioned networks for a wide range of industries [ 3 ]. It can rely on the support of a large community and, according to several experts, it remains the only established blockchain solution for enterprise [ 28 ] [ 16 ].
On the other hand, the Credits project started for facing the drawbacks of the existing solutions for a blockchain implementation [ 4 ] [ 7 ] and, thanks to new approaches, it manages to tackle the information security problems [ 5 ], to solve the transaction speed problem [ 6 ] and to provide a low cost transaction, full-scale extended smart contracts and millions of transactions per second [ 8 ].
We hope this post has given you enough information to choose a Blockchain platform for your project. If you have any application idea that can leverage Blockchain then I would like to hear from you. Feel free to comment below and we will catch up soon. Is this a paid topic or did you modify it your self? Excellent website. Plenty of helpful info here.
I am sending it to a few friends ans also sharing in delicious. And of course, thank you for your sweat! VironIT Blog A blockchain platforms comparison. A blockchain platforms comparison Please, rate my article.
I did my best! Stay tuned.
Creating a Federated Blockchain as a Service Platform
You'll need to complete this step for each course in the Specialization, including the Capstone Project. Learn more. This course is for anyone interested in a broad overview of the fervent developments taking place in the blockchain landscape, the practical applications that illustrate unique features of blockchain technology — namely decentralization, disintermediation and distributed immutable ledger — and approaches for ongoing improvements in privacy and scalability.
Review of the content of the first course Blockchain Basics , second course Smart Contracts , and third course Decentralized Applications of this specialization are prerequisites. A laptop or a desktop of this specification: 64 bit machine with minimum 4Gb ram, 10Gb free space and Windows 7 or above , or ubuntu This Course doesn't carry university credit, but some universities may choose to accept Course Certificates for credit.
Check with your institution to learn more. More questions? Visit the Learner Help Center. Computer Science. Software Development. Blockchain Platforms. Bina Ramamurthy. Offered By. Blockchain Specialization University at Buffalo. About this Course This fourth course of the Blockchain specialization provides learners with an understanding of the broader blockchain ecosystem.
Career direction. Career Benefit. Career promotion. Shareable Certificate. Blockchain Specialization. Flexible deadlines. Intermediate Level. Hours to complete. Available languages. What you will learn This fourth course of the Blockchain specialization provides learners with an understanding of the broader blockchain ecosystem.
Instructor rating 4. Offered by. Week 1. Video 11 videos. Intro: Permissioned Blockchains 2m. Hyperledger Part 1 6m. Hyperledger Part 2 4m. Fabric Services 4m. Composer Demo Part 1 6m. Composer Demo Part 2 6m. Composer Demo Part 3 7m. Microsoft Azure 5m. Reading 7 readings. Acknowledgements: Blockchain 5m. Optional Resources: Linux's Hyperledger 10m. Optional Resources: Fabric Services 25m. Optional Resources: Composer 15m. Optional Resources: Microsoft Azure 10m.
Quiz 6 practice exercises. Permissioned Blockchains - Week 1 30m. Week 2. Video 5 videos. Intro: Decentralized Application Platforms 3m. Reading 2 readings. Optional Resources: Augur 25m. Quiz 3 practice exercises. Decentralized Applications Platforms - Week 2 30m.
Week 3. Reading 4 readings. Optional Resources: Consensus 15m. Optional Resources: Scalability 35m. Quiz 5 practice exercises.
Week 4. Video 8 videos. Intro: Alternative Decentralized Solutions 1m. Interplanetary File System Part 1 5m. Interplanetary File System Part 2 4m. Interplanetary File System Demo 6m. If you want to build a decentralized solution for your enterprise which should not be available to the public, choose Hyperledger Fabric for your project.
Similar to Hyperledger Fabric, Hyperledger Sawtooth is also designed for building applications on permissioned blockchain networks.
This consensus mechanism needs to meet the two requirements to work fairly. Firstly, did the lottery winner choose a wait time randomly? Else, a member could intentionally choose a shorter time to win the leadership. It is the crucial stage of blockchain development process as the entire project depends on the platform you are going to choose. After choosing the blockchain platform based on their consensus mechanism, the next step is to undergo a blockchain ideation process to analyze the technical components and the roadmap for the product.
Once you have identified the problem and blockchain platform to build the application, it is the right time to brainstorm ideas and business requirements.
In this step of the blockchain development process, you need to evaluate, formulate, and prioritize use cases for blockchain experimentation. Decide what components should be added as on-chain and off-chain business entities. Prepare a roadmap of the product, i. The primary deliverable of the blockchain ideation is to design a conceptual workflow and blockchain model of the application.
Decide if the application needs to be built within the permissioned network or permissionless network. While formulating ideas, you also have to make decisions related to the front-end programming language, external database, and servers for your application. After developing the ideas, you should prepare a proof-of-concept to reveal viability of the product.
A proof-of-concept is a way to demonstrate the practical potential of a blockchain project and it can either be a theoretical build-up or a prototype. Every project needs theoretical cases so that the end-users can understand the viability and productivity of the product. Create proposals to explain the parameters of the project. After completing the theoretical build-up and receiving feedback from every involved stakeholder, you should come up with a prototype containing sketches, information architecture, mockups, designs, and tested product.
Once the stakeholders approve the PoC, start focusing on preparing the visual and technical designs for the application. Now that you have planned everything, start creating user interfaces for every component of the software. Also, design APIs you need to integrate with user interfaces to run the application at the back-end. While preparing the visual and technical design, it is also essential to document the technical GDPR compliance requirement to understand in which components it should be applied.
GDPR has become a crucial part of the design process which should never be ignored. After designing the user-interfaces and admin console for the application, you are ready for the development process. Development is the core stage of the blockchain development process where you should be prepared for building the application.
In this particular stage, you are required to build APIs for distinct use cases of the application. But do you know why do we need APIs? The application is developed under different phases. First of all, the application developed that does not undergo formal testing is said to be in pre-alpha phase. Then, the application jumps to the next stage, i. After the alpha release of an application, it is prepared for the beta release. During Beta Phase, the software contains the complete feature set, but it might have unknown bugs.
Once the beta version is ready, the application gets prepared for Release Candidate version. A release candidate is an advanced beta version which is now ready to be a final product.
When the application is tested thoroughly, it is moved to the production phase to get ready to be delivered. Deployment is the process of putting an application onto a prepared application server. Before an app goes live, it should be deployed on the test network to test its functionalities. While deploying an application, administrators can also control which versions of the app should be deployed to different resources using provisioning.
After provisioning an application, it should be hosted on the main chain. For example, if you have built an application on the public blockchain, it should be released on the main network.
If your application has both off-chain and on-chain business entities, i. The application should have the potential to upgrade according to the new business requirements and prioritization. For example, if you have to upgrade the smart contract, later on, you should be able to deploy the new contracts seamlessly. Design and develop the application in a way that adding or upgrading components does not affect the existing application.
From identifying the goals to gathering the requirements, choosing the right blockchain platform, preparing designs for the software, building and deploying the application, this article would help you to understand the step-by-step blockchain development process.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website. Talk to our Consultant. Table of Content.
Chapter 1 — What is Blockchain? Developing a proof-of-concept. What is Blockchain? The technology comes with the following benefits: Decentralization: to remove the single points of failure from the system. Transparency: by making it possible for every member of the network to access the data at the same time.
Trust: through mass consensus.
How to develop blockchain from scratch?
Instructor rating 4. Decentralized Applications Platforms - Week 2 30m. Blockchain started as a public permissionless technology. For not, if you have built an application on the public developing, it blockchain be released on the main network. Based in Poland, they believe that they can resolve the industry-related issues with the digital solutions built on the latest technologies. Optional Resources: Hashgraph 30m. Does the platform platform Smart Involved Functionality?
SIGNIS - A smartphone app managing all types of incidents and emergencies
Both Bank of America and Mastercard have jumped into this potential technology field, with more than 48 patents related to blockchain application. Blockchain is not only a technology of data storage. It can also be used to analyze data, provide graphs, reports and prediction, helping businesses in the supply chain to make more accurate decisions.
Moreover, businesses can take advantage of these analytics to increase customer satisfaction throughout their customer journey. In addition, customers can also access the Blockchain network to search for certain information. For example, a fashion brand may allow users to access a database to verify the origin of apparel material, and they can also submit feedback to the brand via the system. Such two-way information sharing will help increase transparency, thereby building strong relationships with loyal customers.
This company aims to make use of Blockchain in the marketing field, thereby increasing customer engagement. Blockchain technology is not only limited to the 5 benefits mentioned above, but also many other potentialities that have not been explored.
The more research and development conducted, the more practical Blockchain applications will emerge, promising to change the way our world operates like the advent of the Internet before.
To anticipate this wave of modern technology, please follow the blog of Lina Network , the pioneer enterprise providing Blockchain digital transformation solution in Vietnam, to update more useful knowledge. Reference : Smart Insights.
Save my name, email, and website in this browser for the next time I comment. Why will Blockchain become a global trend in the manufacturing market? Lina Network October 5, Improve inventory management system Blockchain technology allows to record every transaction performed throughout the supply chain.
Explore Now. Follow Lina Network. More higlights. Sep 23, Why should enterprises apply Blockchain to food traceability? Sep 21, Digital transformation and co-creating the future. Sep 07, How has Estonia applied Blockchain technology to the e-Government system? The smart contracts are written in Kotlin or Java. Corda has been explicitly designed for the highly regulated environment of the financial services industry. Credits — is autonomous blockchain platform based on the principles of peer-to-peer network.
It is a decentralized system for direct interaction of its members. Credits provides a new technical decision and conceptual scheme of interaction. The system incorporates the users of the network providing them opportunities for creating and using financial services.
Every member of the blockchain is able to offer a service as long as to use different services. For the operations are used tokens — Credits CS. The key phases encompassing the consensus reaching process in the CREDITS network selection consist of head node and trusted nodes, the voting of selected nodes on transactions, ledger recording protected against any hacking scams.
It differentiates the nodes in common, trusted and main nodes, depending on their purpose. The cost of a transaction can vary depending on the network load [ 7 ]. Coco is presented as a blockchain ledger framework and not as a platform. The plans were to initially integrate Paxos-like consensus algorithms and Caesar consensus, an algorithm from Microsoft Research, however, Coco networks can be built with other consensus algorithms.
Enterprise Smart Contracts provide a set of components, that can be combined to create contract templates that when executed, provide the privacy, scale, performance and management capabilities expected in an enterprise system [ 15 ].
In the Coco network, there are two types of actors: members who govern the network and participants who do not have any operational control. Despite this separation of roles, a Coco Network does not have to have both types of actors this modality could be used when, for example, a consortium decide that all parties should have equal responsibilities and permissions and an actor could have both member and participant identities as a means of separating business and administrative transactions [ 11 ].
Scalability tests showed as results a throughput of around transactions per second and latencies in the low hundreds of milliseconds [ 11 ]. Unfortunately, despite the fact it has been announced the 10th of August [ 17 ], and that some video presentations have been published [ 18 ] [ 19 ], the source code is still not available for testing and deploying.
The community of developers is still waiting for the release. All of these platforms have very different visions in mind with respect to possible fields of application.
Development of both Hyperledger and Corda is driven by concrete use cases, whereas use cases in both Corda and Credits are drawn from the financial services industry. Hyperledger Fabric provides a modular and extendable architecture that can be employed in various industries, from banking and healthcare over to supply chains.
Ethereum also presents itself as completely independent of any specific field of application. However, in contrast to Hyperledger Fabric, it is not modularity, that stands out but the provision of a generic platform for all kinds of transactions and applications [ 1 ].
They emphasize the difference from platform and framework, saying that the Coco framework can integrate with any blockchain platform, but this is actually what the Hyperledger already does.
Every one of these projects started with a certain use case in mind, but for bringing something unique and applicable to other contexts. The Hyperledger umbrella strategy encourages the re-use of common building blocks and enables rapid innovation of DLT Distributed-Ledger Technology components [ 25 ].
As we said, the Hyperledger Fabric project is emerging as the de-facto standard for enterprise blockchain, but thanks to the modularity approach, the key strengths coming from the others subprojects can be easily integrated.
In addition to this, the Hyperledger has already an entire community working on it with lots of resources already available [ 26 ] [ 23 ] [ 27 ]. In contrary, the Coco Framework developed from the Azure branch of Microsoft, even if it is claimed to be open source, it has not yet been released and the resources available are very poor in comparison. Considering all above, we can conclude, that, according to our experience and to the carried analysis, the Hyperledger Fabric and Credits frameworks are those, that — at the moment — emerge with respect to the others for capabilities, final quality and security.