Blockchain Platforms

With a blockchain platform, businesses are able to securely record their transactional data in a digital ledger that can be duplicated and distributed across an entire network of computer systems.

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Showing 1 - 18 of 18 products

Kaleido

Kaleido is a blockchain solution, which enables businesses in supply chain, media, healthcare, banking and government sectors set up, customize, manage and monitor enterprise blockchain networks. Using Kaleido, organizations can ...Read more about Kaleido

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IBM Blockchain Platform

IBM Blockchain Platform is a blockchain open source designed to help businesses in the healthcare, financial services, supply chain, and other industries build applications for their blockchain network. Key features include networ...Read more about IBM Blockchain Platform

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Oracle Blockchain

Oracle Blockchain helps businesses design, deploy and manage a secure network and provide an encrypted collaborative platform to facilitate information sharing, projects management, data security and more across departments and te...Read more about Oracle Blockchain

5.00 (1 reviews)

Corda

Corda is a blockchain platform that helps businesses build and deploy blockchain applications in Java, Kotlin and other Java virtual machine (JVM) compatible languages. The platform enables managers to cryptographically sign trans...Read more about Corda

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Azure Blockchain Workbench

Azure Blockchain Workbench is a blockchain platform that helps businesses prototype applications in the cloud. The platform enables managers to configure and deploy consortium networks through automated ledger deployment, network ...Read more about Azure Blockchain Workbench

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Etherium

Etherium is an open-source community-run blockchain technology designed to help businesses and individuals manage global payments, digital currencies, and applications. The decentralized finance (DeFi) system lets organizations se...Read more about Etherium

5.00 (5 reviews)

RippleNet

RippleNet is a blockchain platform that helps businesses across the finance industry process payments and reconciliation processes. The platform enables managers to handle real-time cross-border payments, person-to-person transfer...Read more about RippleNet

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BlockCypher

BlockCypher is a cloud-based solution, designed to help businesses develop blockchain applications using web APIs and callbacks. Its APIs allows users to create and decode transactions and deploy contracts. The solution lets ent...Read more about BlockCypher

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Hyperledger Fabric

Hyperledger Fabric is a permissioned distributed ledger platform that provides businesses with several plug and play components to build and develop blockchain solutions. Users can isolate individual transaction data and securely ...Read more about Hyperledger Fabric

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Centrifuge

Centrifuge is a blockchain solution, which enables businesses to leverage decentralized finance (DeFi) technology to access capital using various digital assets. Built on Substrate, the system helps asset originators streamline ...Read more about Centrifuge

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Solana

Solana is a decentralized blockchain platform, which helps users build decentralized apps or marketplaces, validate transactions, launch SPL tokens, secure the network, create cryptocurrency wallets, and earn rewards. It lets user...Read more about Solana

4.50 (2 reviews)

QANplatform

QANplatform is a blockchain solution that helps enterprises and software developers build NFTs, tokens, smart contracts and decentralized applications (DApps). It allows businesses to support multiple programming languages as well...Read more about QANplatform

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Luniverse

Luniverse is a blockchain platform, which enables businesses in gaming, retail, supply chain and other sectors to deploy, manage and build solutions using blockchains. Organizations can use REST APIs and templates to track transac...Read more about Luniverse

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ConsenSys Quorum

ConsenSys Quorum is an open-source protocol layer, designed to help small to large organizations across finance, insurance, healthcare, media, legal, real estate and various other industries leverage Ethereum to develop public and...Read more about ConsenSys Quorum

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Brandwise

Brandwise is an enterprise grade digitization browser-based software, to authenticate products and build direct engagement channels with customers. This solution uses patented cryptoblock technology on permissioned blockchain to g...Read more about Brandwise

5.00 (4 reviews)

Smart Integrity Platform

The Smart Integrity Platform by DISS-CO is a blockchain-based, secure and easy-to-implement software that meets the requirements of the EU Whistleblowing Directive and whistleblower protection laws in Europe. The platform is custo...Read more about Smart Integrity Platform

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Oracle Fusion Cloud SCM

Oracle Supply Chain Management (SCM) With Oracle Supply Chain Management (SCM) & Manufacturing, organizations can respond quickly to changing demand, supply, and market conditions. Seamlessly connect your supply chain to create a...Read more about Oracle Fusion Cloud SCM

3.89 (9 reviews)

Oracle Cloud Infrastructure (OCI)

Oracle Cloud Infrastructure has all the services you need to migrate, build, and run all your IT, from existing enterprise workloads to new cloud native applications and data platforms. Oracle Cloud Infrastructure is an Infrastru...Read more about Oracle Cloud Infrastructure (OCI)

4.00 (2 reviews)

Buyers Guide

Last Updated: June 28, 2022

Looking for a tamper-proof software solution to help your company secure and track transaction records?

With a blockchain platform, businesses are able to securely record their transactional data in a digital ledger that can be duplicated and distributed across an entire network of computer systems. This enables businesses to efficiently conduct transactional audits and maintain transparency with stakeholders.

This guide will help you understand blockchain platforms and their common features so you can make an informed decision when investing in a platform for your company.

Here’s what we'll cover:

What is blockchain platforms software?

Blockchain platforms, otherwise known as distributed ledger technology (DLT), allow users to develop blockchain-based applications. Blockchain is a ledger that facilitates the recording of transactions and the tracking of assets within a business. Blockchain software typically assists businesses with the verification and tracing of multi-step transactions, which proves useful when conducting financial audits. Blockchain software is an ideal platform for delivering sensitive information due to its use of encryption and cryptography, which works to ensure confidential data remains secure.

Common features of blockchain platforms software

While features vary from product to product, blockchain platforms typically offer some or all of the following functionality:

Distributed ledger Access a database that can be shared, replicated, and synchronized among the members of a decentralized network.
Smart contracts Store digital contracts on a blockchain that execute automatically when predetermined terms and conditions are met.
Application programming interface (API) Integrate with other systems and databases through a private and secure interface.
Built-in database Access a database structure without having to rely on an external program.
Identity verification Verify the identity of an individual through connections with unchangeable identity databases.
Network provisioning Configure network resources to make them accessible for authorized users, devices, and servers.
Peer-to-peer Allow each computer in a companyʻs network to act as both a server and a client.
Tokenization Convert sensitive data into unique identification symbols, otherwise known as tokens, that retain all essential information.
Transaction history Record of all transactions, including information on purchase orders, purchases, payments, etc.

What type of buyer are you?

The trackable nature and security benefits of blockchain technology prove useful to a variety of industries. Here are a couple of buyers that may benefit from blockchain software:

  • Government institutions: Government institutions often deal with sensitive information that must be stored in a way that ensures all information is kept accurate and unaltered. These buyers are concerned with maintaining a transparent audit trail for regulatory compliance and identity management purposes. They should choose a blockchain software solution that has the ability to store hash values (often referred to as file fingerprints) to efficiently locate electronic identification documents at any time.
  • Retail companies: Maintaining customer confidence in available goods is key to maintaining a top spot in the retail marketplace. If customers do not feel confident that the products they purchase have been properly vetted and transparently marketed, they are not likely to return to the same retailer. These buyers should choose a blockchain platform that helps verify the authenticity of their companyʻs goods for sale, so that they can assure their customers that the products they purchase are as advertised.

Benefits and potential issues of blockchain platforms software

Here are some other benefits of using blockchain platforms for your business:

  • Increases transparency: Itʻs crucial for businesses to establish a trustworthy relationship between themselves and their customers. With blockchain platforms, customers and partnered businesses no longer have to question the recordkeeping of the companies they interact with. Blockchains operate on a shared, unchangeable ledger, eliminating the need to question whether the data has been altered, which ultimately increases company transaction transparency.
  • Enhances auditing speed: Industries that deal heavily with production concerns (typically environmental or human rights concerns) need to be able to quickly and effectively audit transactional records to comply with government regulations. With blockchain software, companies can streamline their auditing process by directly accessing data and sharing it securely with the appropriate entities.
  • Streamlines operations: Transaction processing takes up a large portion of most businesses’ daily activities. Blockchain programs have the ability to automate transactions by implementing smart contracts that prespecify conditions and trigger transactions once the conditions are met. Smart contracts automate the transaction process and eliminate the need for human intervention, streamlining all daily transactional operations.
  • Enhances security: Customers and businesses alike understand the importance of keeping data secure. Blockchain platforms allow users to create records that are not only encrypted, but canʻt be altered from their original state. By using blockchain technology, businesses can prevent fraudulent and/or malicious activity from occurring, enhancing their companyʻs network security.

Although there are many benefits to implementing blockchain software into your companyʻs content creation workflow, there are a few potential drawbacks:

  • Lack of universal standards: Since blockchain technology has a multitude of applications in a variety of industries, the implementation of blockchain software can be quite unique every time. This makes collaborative efforts between two companyʻs blockchains nearly impossible without the development of additional programs to aid the flow of information between the two blockchains.
  • High environmental costs: In a blockchain platform, complex algorithms must be run to prove that a user has the appropriate permissions to write the chain (this is how blockchain software encrypts its data). These complex algorithms often require massive amounts of computing power, which can prove harmful to the environment.
  • Lack of adequate skill set among operating personnel: Blockchain software is relatively new, meaning that there are a limited number of professionals that possess the appropriate skill sets to adequately support blockchain technology. Professionals that do have these skill sets often require large salaries, meaning that if you intend to successfully implement blockchain technology within your business, prepare to cover these expenses.

Market trends to understand

As you evaluate blockchain platform packages, consider this important emerging market trend:

Rise of sustainability efforts: Industry professionals and government entities are beginning to explore the idea of using cryptocurrency as a means of mainstream payment. With this interest in cryptocurrency comes a push to make the blockchain spaces that these cryptocurrencies operate in more sustainable. For instance, most Bitcoin-based blockchain networks run on Proof-of-Work systems where crypto miners solve cryptographic puzzles to earn cryptocurrency rewards. This process consumes a large amount of energy, producing an annual carbon footprint of 114.06 metric tons of carbon dioxide. In a recent attempt to reduce the annual carbon footprint of the Bitcoin blockchain network, more than 250 businesses and organizations have expressed their support for the Crypto Climate Accord (CCA)—an agreement to work toward the decarbonization of the blockchain and cryptocurrency industry. Be sure to keep track of trends in sustainability efforts within blockchain spaces, as it is becoming increasingly evident that if cryptocurrencies become mainstream, government entities will likely implement sustainability requirements for businesses that use and/or distribute blockchain technology.

Note: The application selected in this article is an example to show a feature in context and is not intended as an endorsement or recommendation. It has been obtained from sources believed to be reliable at the time of publication.