Enterprise blockchains, often called permissioned blockchains, are frequently used to automate complicated business processes like supply chain management and international payment settlement. Companies prefer this kind of blockchain over open blockchain networks like Bitcoin because it gives them more control over data visibility.
These business blockchain implementations work as distributed ledgers, capturing and validating financial transactions and associated data while utilizing encryption to thwart malicious parties from tampering with the data.
To assist you in making the best decision for your needs, we’ve listed the Top 10 Enterprise Blockchain companies below, along with information on their features and cost.
1. IBM Blockchain Solution
A user-friendly interface for setting up a blockchain network and controlling its connected nodes, channels, and smart contracts is provided by the IBM Blockchain Platform. The IBM Blockchain Platform makes adding new users, creating channels, modifying governance policies, and managing user IDs and passwords simple. The platform uses Hyperledger Fabric to create a decentralized business network based on security, trust, and finality.
Key Features:
- This project is built on the open-source version of Hyperledger Fabric, version 2.4.
- For convenience, development and operational dashboards and toolkits are offered.
- Developers can access a free add-on via the Visual Studio Code community.
- New subscriber onboarding is simple and quick.
- Creating simple encrypted private channels only requires a few clicks.
- Languages that support smart contracts include Node.js, Go, Java, Solidity, and others.
Cost: Please get in touch with the sales team for pricing information.
2. Ethereum
Vitalik Buterin, a young Russian-Canadian developer, created Ethereum, a very advanced blockchain platform with potent smart contracting features. Due to its versatility, it has a wide range of applications in numerous business contexts. Between Ethereum experts and enterprises of all sizes, including Fortune 500 firms, startups, academic institutions, and technology providers, the Ethereum Enterprise Alliance (EEA) acts as a bridge.
Key Features:
- Ethereum is a permissionless (public) network rather than intended for private transactions.
- Although it uses a proof-of-work (PoW) consensus mechanism, future iterations may transition to a proof-of-stake (PoS) consensus mechanism for quicker processing.
- With a thriving online community of supporters, Ethereum frequently releases updated versions of its core software.
Cost: Please get in touch with the sales team for pricing information.
3. Hyperledger Fabric
Hyperledger Fabric, introduced by the Linux Foundation in 2016, seeks to make it easier for big businesses to construct distributed ledger systems. Hyperledger Fabric is an open-source, cross-industry blockchain initiative with over 185 enterprise collaborators across banking, finance, IoT, supply chain, manufacturing, and technology. To meet the production needs of businesses, it just unveiled Hyperledger Fabric 1.0.
Key Features:
- Its plug-and-play components for consensus and membership services make it particularly suitable for enterprise solutions because of its modular architecture.
- The technology is perfect for testing blockchain projects because of its speed and security.
- Several data types are supported by Hyperledger Fabric, which also adheres to a smart contract paradigm open to everybody.
- All users’ identities are validated as part of a federation of private networks, providing excellent performance, scalability, and reliability.
Cost: Please get in touch with the sales team for pricing information.
4. Corda R3
In 2015, significant financial organizations created Corda R3, an open-source distributed ledger platform. Corda, originally developed for the banking industry, is now used in supply chain, healthcare, trade finance, and the public sector, among other fields.
Key Features:
- Corda is a permissioned blockchain, meaning only certain agreements—and not the entire network—can access data.
- The software manages intricate financial contracts and doesn’t require a token or coin.
- Interoperability and simple system integration are key features of Corda.
- Both the Corda Community and Enterprise versions are supported in full by R3.
Cost: Please get in touch with the sales team for pricing information.
5. Ripple
Formerly known as Opencoin, Ripple offers RippleNet, allowing financial institutions, payment processors, digital asset exchanges, and businesses to conduct almost free, chargeback-free worldwide transactions. Regarding market capitalization, the digital currency Ripple, XRP, created is third.
Key Features:
- XRP processes transactions faster than Bitcoin, which makes it perfect for cross-border transactions.
- Users from many different industries have embraced Ripplenet worldwide.
- The network enables cross-border payments (xCurrent), lowers the cost of liquidity (xRapid), and allows money transfers between networks (xVia).
Cost: Please get in touch with the sales team for pricing information.
6. Quorum
Since 2015, J.P. Morgan has been developing Quorum, a platform built on Ethereum. Quorum is designed to handle private transactions with a few authorized users quickly. Without relying on PoW, it can process hundreds of transactions each second.
Most Ethereum updates are seamlessly incorporated into Quorum with minor changes to Ethereum’s core.
Key Features:
- It is an open, decentralized blockchain network that supports creativity.
- Businesses interested in growing and administering blockchain networks can use the turnkey solution offered by Quorum Blockchain Service (QBS).
- Both the private permissioned networks and the open Ethereum Mainnet are supported by Quorum.
Cost: Please get in touch with the sales team for pricing information.
7. XDC Network
The non-profit blockchain company XDC Network, founded in Singapore, attempts to fill the gap between current infrastructure and blockchain. It emphasizes decentralization, security, and blazing-fast transaction rates and provides private and public network alternatives.
Key Features:
- Decentralized transaction validation is ensured through XDC Delegated Proof-of-Stake (XDPoS).
- The network’s native currency, the XDC token, is independent of PoW.
- The consensus mechanism of the network consists of 108 trusted distributed controller nodes.
- The XDC protocol supports the proof-of-Stake method of decentralized validation.
Cost: Please get in touch with the sales team for pricing information.
8. Hedera Hashgraph
A public, extremely scalable network called Hedera Hashgraph runs without a challenging PoW method. It stands out for its impartiality, speed, and security and uses an asynchronous Byzantine Fault Tolerance consensus method.
Key Features:
- Hedera offers more dependable and efficient algorithms for more openness and trust.
- Consensus timestamps are provided, boosting the reliability of the data.
- Hedera generates an immutable audit trail of transactions, enhancing data reliability for all stakeholders.
Cost: Please get in touch with the sales team for pricing information.
9. Kaleido
Kaleido wants to evolve into a global marketplace for enterprise blockchain technologies, serving small and established companies. Its compatibility with the main net and the public Ethereum blockchain is a big plus.
Key Features:
- Data integrity is ensured via Kaleido Anchoring, lessening the chance of a later conspiracy.
- For enhanced protection, Kaleido Relay keeps track of signatures and timestamps.
- The platform’s On-chain Registry improves trust and transparency.
- Because Kaleido is flexible, companies can use the cloud services they desire.
Cost: Please get in touch with the sales team for pricing information.
10. Tezos
With its own PoS algorithm, Tezos is an enterprise-grade blockchain platform that supports layer-1 blockchain ledgers. It makes it possible to create smart contracts and DApps in the Michelson programming language, which is renowned for being appropriate for use in mission-critical systems.
Key Features:
- Formal verification guarantees the security and obscurity of DApps and smart contracts.
- Tezos is a dependable business blockchain platform since it is flexible, secure, and private.
Cost: Please get in touch with the sales team for pricing information.
Conclusion
This article concluded by examining the top enterprise blockchain development company list. Each platform has a distinct collection of features and skills that may be tailored to meet various business demands. Consider aspects like privacy requirements and scalability to ensure the greatest match for your application as you select an Enterprise Blockchain Network.
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