What is a Blockchain Platform?
A blockchain platform is an open source software platform that enables developers to develop and deploy decentralized applications (DApps) on top of a blockchain network. It provides the necessary tools, components, and services required for users or businesses to build their own distributed ledger technology-based applications. By using these platforms, developers can quickly create secure peer-to-peer transactions without relying on any centralized authority or third party intermediaries.
The most popular blockchain platforms are Ethereum, Hyperledger Fabric, Corda R3 and EOSIO. Each of them has its own set of features and capabilities that make it suitable for different use cases such as asset management, data storage/retrieval systems, smart contracts etc. However there are many other blockchains available in the market including NEOs dBFT consensus algorithm based public chain system for digital assets & identity; Multichain which allows organizations to launch private blockchains with customizable parameters; Quorum from JP Morgan Chase which is used by financial institutions worldwide; Ripple protocol designed specifically for payments solutions providers; IBM’s Bluemix cloud computing service offering enterprise grade solutions like Smart Contracts Engine & BigchainDB among others.
Each one offers unique benefits depending upon your specific requirements but all provide decentralized infrastructure that brings transparency into the transaction process while eliminating fraud risk associated with traditional methods of conducting business operations such as paper documents signed between two parties over physical locations or manual processes spread across multiple time zones involving additional cost elements like international wire transfers or bank fees etc.. The key advantages include faster settlement times due to real time transferability compared to traditional banking networks along with improved security through cryptographic encryption techniques making it difficult (if not impossible!) for hackers compromise sensitive information stored within databases thus providing assurance against cyber attacks
