Platforms of BlockChain
There are many Blockchain platforms are available in the industry. Some platforms are proprietary and some are open source. Based on the nature and the requirement of the application the platform can be decided. NIC is using the following platforms for the development of the products under CoeBCT.
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Hyperledger Fabric : It is a platform having a modular architecture. It has a membership service and consensus. It can enable a network of networks. Members of the fabric network can use network work together in this platform. Hyperledger Fabric provides the user a secure and scalable platform to support their confidential contracts and private transactions.
Key features :
- This platform is highly modular and has a low latency of finality.
- It can support solidity.
- It supports multi-language intelligent contracts.
- It has pluggable consensus and queryable data.
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Ethereum : Ethereum, also known as ETH. The main aim of this platform is to nullify the third parties access who save data for further financial instrument tracking. Ethereum has the largest community of core protocol developers, crypto-economic researchers, cypherpunks and mining organizations.
Key features :
- This platform gives the advantage of rapid deployment.
- It has Smart Contracts Functionality and Turing completeness.
- It provides the feature of tokenization.
- It is a proof-to-work-based system.
