What is blockchain open source?
An open source blockchain is a system that maintains a transparent and public record. This is achieved by replicating data thousands of times across a network of computers and continuously updating it.
This means that there is no central repository for all data, which means that hackers cannot access or corrupt it, and that all records are open to the public. Because various blocks of identical information are stored throughout the extensive network, rather than being controlled by a single computer or organization, the records are extremely secure.
The massive amount of computer power required to cover the blockchain network makes information corruption virtually impossible. Information cannot be altered or tampered with, but it can be used by anyone on the Internet.
The best open source blockchain projects
The growing demand for enterprise blockchain has led to the creation of more open source initiatives, each with its own open source blockchain architecture. In particular, each initiative aims to achieve a specific goal for that industry. These solutions are applicable to many industries, with the most studied being the financial sector.
After realizing the potential of blockchain technology, the Linux Foundation gathered a group of executives from across industries to launch the Hyperledger project. It is an open source blockchain-based platform that provides developers with a variety of tools and frameworks to help them build enterprise-centric solutions.
Apart from being a platform for popularizing smart contracts, Ether is also essential for enterprises. Aptly called Enterprise Ether, this platform enables developers to design open source blockchain applications for enterprise consumers. Enterprise Ether is open to the public.
Another well-known open source blockchain technology is Corda, which strongly emphasizes the confidentiality of information related to peer-to-peer transactions. corda blockchain focuses on business. It emphasizes the ability of developers to build interoperable blockchain networks while adhering to strict privacy policies. Companies that use Corda-based solutions can transact directly.