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Hyperledger

Hyperledger is an open source collaborative effort created to advance cross-industry blockchain technologies. It is a global collaboration, hosted by The Linux Foundation, including leaders in finance, banking, Internet of Things, supply chains, manufacturing, and Technology.

Why Create Hyperledger?

  • Not since the Web itself has a technology promised a broader and more fundamental revolution than blockchain technology. A blockchain is a peer-to-peer distributed ledger forged by consensus, combined with a system for “smart contracts” and other assistive technologies. Together these can be used to build a new generation of transactional applications that establish trust, accountability, and transparency at their core while streamlining business processes and legal constraints.
  • Think of it as an operating system for marketplaces, data-sharing networks, micro-currencies, and decentralized digital communities. It has the potential to vastly reduce the cost and complexity of getting things done in the real world.
  • Only an Open Source, collaborative software development approach can ensure the transparency, longevity, interoperability, and support required to bring blockchain technologies forward to mainstream commercial adoption. That is what Hyperledger is about – communities of software developers building blockchain frameworks and platforms.

Ethereum

Ethereum is an open-source, public, blockchain-based distributed computing platform and operating system featuring smart contract (scripting) functionality. It supports a modified version of the Nakamoto consensus via transaction-based state transitions.

  • Ether is a cryptocurrency whose blockchain is generated by the Ethereum platform. Ether can be transferred between accounts and used to compensate participant mining nodes for computations performed.
  • Ethereum provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. “Gas”, an internal transaction pricing mechanism, is used to mitigate spam and allocate resources on the network.
  • Ethereum was proposed in late 2013 by Vitalik Buterin, a cryptocurrency researcher and programmer. Development was funded by an online crowdsale that took place between July and August 2014. The system went live on 30 July 2015, with 11.9 million coins “premined” for the crowdsale. This accounts for about 13 percent of the total circulating supply.

Corda

Corda is an open source blockchain platform that enables easy management of legal contracts and other shared data between mutually trusting organizations. The platform makes it possible for a diverse range of applications to interoperate on a single network.

A brainchild of R3, a distributed database company, Corda began as a platform for enabling services in the financial sector. Upgrades and evolution of the platform have seen its capabilities and functions become of great importance in various industries.

Corda main aim is to provide people with a platform with common services while ensuring that any service built on top, is compatible with network participants.

Corda seeks to eradicate a good number of issues that stifle transactions between businesses, by making it possible for businesses to transact via smart contracts. The use of smart contracts makes it possible for the platform to execute tasks as soon as set conditions are achieved’ without any lag time.

Corda also adheres to the highest standards of privacy and security, which explains why it continues to gain a foothold in the financial industry.

Corda Key Features

➥ Corda is an open source blockchain platform that enables easy management of legal contracts and other shared data between mutually trusting organizations. The platform makes it possible for a diverse range of applications to interoperate on a single network.

➥ A brainchild of R3, a distributed database company, Corda began as a platform for enabling services in the financial sector. Upgrades and evolution of the platform have seen its capabilities and functions become of great importance in various industries.

➥ Corda main aim is to provide people with a platform with common services while ensuring that any service built on top, is compatible with network participants.

➥ Corda seeks to eradicate a good number of issues that stifle transactions between businesses, by making it possible for businesses to transact via smart contracts. The use of smart contracts makes it possible for the platform to execute tasks as soon as set conditions are achieved’ without any lag time.

➥ Corda also adheres to the highest standards of privacy and security, which explains why it continues to gain a foothold in the financial industry.

➥ Corda is an open source blockchain platform that enables easy management of legal contracts and other shared data between mutually trusting organizations. The platform makes it possible for a diverse range of applications to interoperate on a single network.

➥ A brainchild of R3, a distributed database company, Corda began as a platform for enabling services in the financial sector. Upgrades and evolution of the platform have seen its capabilities and functions become of great importance in various industries.

➥ Corda main aim is to provide people with a platform with common services while ensuring that any service built on top, is compatible with network participants.

➥ Corda seeks to eradicate a good number of issues that stifle transactions between businesses, by making it possible for businesses to transact via smart contracts. The use of smart contracts makes it possible for the platform to execute tasks as soon as set conditions are achieved’ without any lag time.

➥ Corda also adheres to the highest standards of privacy and security, which explains why it continues to gain a foothold in the financial industry.

Quorum

JP Morgan’s Quorum:

Quorum is an enterprise-focused version of Ethereum. The objective behind this to provide a permission implementation of Ethereum which supports transactions and contract privacy.
The inclination of big banks towards blockchain technology is unhidden. J.P. Morgan Chase has taken the initiative in this direction; it is one of the leading investment banks in the world. JP Morgan along with Ethereum Enterprise Alliance has come up with Quorum. It is a private blockchain which will be working as the bank’s new brain.
Quorum is ideal for any application requiring high speed and high throughput processing of private transactions within a permission group of known participants. Quorum addresses specific challenges to blockchain technology adoption within the financial industry, and beyond.

The functioning of Quorum is similar to Ethereum but with a few differences. Here is how Quorum is different from Ethereum blockchain :

➥ Network and peer permissions management

➥ Enhanced transaction and contract privacy

➥ Voting-based consensus mechanisms

➥ Better performance

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