There are various companies which provide platforms for organisations to deploy their own blockchain network, without any extra expense of managing it, as it is developed by the platform providers. It gives ease to the organisations which are struggling to manage and deploy their own blockchain network.
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Ethereum
Ethereum is one of the top open-source blockchain platforms, which was developed by Vitalik Buterin in 2014. Ethereum Virtual Machine provides the platform for smart contracts to run on Ethereum platform. It is open-source which means developers can use it to develop blockchain applications.
As Ethereum is decentralised and open-source, so it is maintained by various contributors, who maintain it and make upgrades from the core to consumer applications. There are already thousands of applications developed on Ethereum, and the numbers are growing. Some of them are already used by end-users, such as cryptocurrency wallets, games, decentralised market apps and other financial applications.
Hyperledger Fabric
Hyperledger Fabric is also considered as one of the top blockchain platforms that can be used for the development of distributed blockchain applications. It is hosted by Linux Foundation, and use the modular approach for offering blockchain services.
Hyperledger Fabric is mostly used for business blockchain applications and has the objective for blockchain to use it across different industries. Hyperledger Fabric allows various parties to interact with the single universal database. It is used by healthcare, manufacturing, financial sector etc.
VeChain
VeChain is a global enterprise-level public blockchain platform used for tracking of sensitive assets. It is focused on advanced IoT integration in the supply chain by using proprietary IoT devices to track key aspects of the assets throughout its journey.
In addition, the platform can also hold automobile passports by creating digital records of cars which includes repair history, insurance, registration and even driver behaviour throughout its lifecycle. The healthcare sector can also take advantage of end-to-end tracking of production processes, such as tracking of medical devices production and allowing patients to securely share their biometric data with their doctors to enable real-time monitoring.
VeChain can also use IoT tracking to keep the track record of luxury or branded products. It can be used by embedding smart chips in branded products so that brands owners can keep an eye on their sales channels in real-time. It can also avoid the illegal overstocking and counterfeiting and can provide an opportunity for customers to verify the brand.