Top Five Enterprise Blockchain Platforms to Consider in 2022 – Toolbox tech news

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Blockchain is emerging as a major architectural technology with the potential to revolutionize the B2B space as the Internet and cloud computing did. Let’s look at some prominent enterprise blockchain apps in 2022.

The blockchain receives much praise for its immutability, security, and decentralized nature. Due to these inherent characteristics and capabilities, such as smart contracts, the need for new blockchain platforms to help businesses create blockchain-based apps is constantly increasing. Continue reading to discover more about the finest corporate blockchain solutions.
Emerging technology is all around us. In business, it becomes vital to recognize a standard-bearer, assess its commercial feasibility, and apply the requisite expertise to nurture it. According to EY’s analysis, the blockchain “six-pack” has sparked unprecedented interest from businesses in recent years, and this year blockchain has seen the tendency to become even more potent.
When organizations employ blockchain sensibly in meaningful business applications, there are six built-in blockchain characteristics with long-term disruptive potential. These are:
Business owners and IT decision-makers would always want a better understanding of which blockchain technology suits their work. The six blockchain attributes listed above change how people think about corporate transactions, storage systems, industry value chains, and revenue models. Below are the top five corporate blockchain platforms to consider in 2022.
See More: Top Five Mac Apps to Simplify Business Operations in 2022
101 Blockchains
Source: 101 Blockchains
The IBM Blockchain Platform allows users to quickly set up a blockchain infrastructure and manage networks, channels, and smart contracts with a simple interface. Once the user is ready, the IBM Blockchain Platform makes it simple to accept new members, build channels, modify governance regulations, manage network users’ identification credentials, etc. The IBM Blockchain Platform uses Hyperledger Fabric to create a new decentralized business network based on finality, trust, and security.
Key features:
We just read about Hyperledger Fabric above. Let’s delve a little more into it. It’s essentially a set of tools for creating blockchain applications. Hyperledger Fabric, according to the Linux Foundation, was initially built for business distributed ledger apps. Not to forget mentioning, it is a modular platform with various functionalities. The technology is noted for its security and speed, making it ideal for small-scale blockchain installations. It also adheres to an open smart contract paradigm and supports various data types.
Key features
Another famous agile platform on the list is Ethereum, whose currency is known as Ether. It is leveraged by many industries for various use cases and holds the capability of smart contracts. Furthermore, it is part of a robust online network that constantly upgrades and grows its product line. The market capitalization of Ethereum is second only to Bitcoin, and it ensures a fair financial system.
Key features
Ripple is a great network that connects banks, money transmitters, digital asset exchanges, and corporations via RippleNet. The global transactions are nearly-free without any chargebacks and are executed through its digital asset known as XRP. XRP has grown in popularity and now ranks third behind Bitcoin and Ether. Its scalability and faster payment processing than other platforms are worth noting.
See More: Five Best Cloud Backup Services for Businesses in 2022
Key features
Created by R3, Corda is an authorized blockchain platform. It supports DLT, making business transactions direct, haste-free, and anonymous. It includes various functionalities that make it unique – like the Byzantine Fault Tolerance consensus mechanism. Also, Corda has no crypto or token of its own. As the system works in a permissioned way, access control to digital documents is exceptionally well designed. Corda was created for the banking sector, but it is currently used in various industries. This platform is used by significant IT firms like Microsoft and Intel.
Key features
Which blockchain platform does your company leverage the most? Comment below or let us know on LinkedIn, Twitter, or Facebook. We would love to hear from you!

Assistant Editor, Spiceworks Ziff Davis
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