The term “blockchain protocol” refers to different types of blockchain platforms for application development. Each blockchain protocol adapts the basic principles of blockchain to specific industries or applications. Below are some examples of blockchain protocols.
Hyperledger Fabric
Hyperledger Fabric is an open-source project focused on developing tools and libraries. Companies can use it to create private blockchain applications quickly and efficiently. Hyperledge Fabric is a general-purpose, modular platform. It offers unique capabilities for identity and access control. These capabilities make it suitable for supply chain tracking, trade finance, loyalty and reward tasks, and cashless settlement of financial assets.
Ethereum
Ethereum is a decentralized, open-source blockchain platform used to create public blockchain applications. Ethereum Enterprise is intended for commercial use.
Corda
Corda is an open-source blockchain project for businesses. Corda allows the creation of interoperable blockchain networks that guarantee strict confidentiality of transactions. Companies can use Corda’s smart contract technology to conduct fast and secure transactions. Most users are financial institutions.
Quorum
Quorum is an open-source blockchain protocol derived from Ethereum. It is intended for use in a private blockchain, where only one participant owns all the nodes, as well as in a blockchain consortium, where each participant owns part of the network.