Blockchain technology is being participated in by most people around the world. It doesn't matter what industry you are participating in, as blockchain applications are available in every sector.
There are many sectors where blockchain is being used to expand business such as logistics, healthcare, supply chain, finance and many more industries. The main purpose of the Blockchain application is to make all the occupation processes that happen to be transparent and more skilful. Today’s citizens realise the greater potential of blockchain technology as well as the popular myth related to cryptocurrency that can proceed with their occupation.
Businesses develop and use blockchain applications with different platforms, due to which the demand for new blockchain platforms is increasing day by day. Worldwide, blockchain technology is recognized for its decentralisation and transparency. Mainly it is considered to be the most essential in the finance sector.
There are many businesses in the world that consider evolved modern finance applications on blockchain platforms. There are some smart contracts through which new applications can be easily developed on the blockchain platform.
Here are several of the top-notch blockchain platforms through which to build financial applications.
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1. ETHEREUM
Ethereum which is one of the leading blockchain platforms. There exists a native cryptocurrency called native ETH or Ether. Around the world Ethereum is being utilised by developers to create new apps related to financial apps, decentralised markets, crypto wallets, games and much more.
They also have one of the largest communities with cyberpunks, crypto-economic researchers, core protocol developers, as well as mining organisations. Here if we talk about its purpose, it wants to eliminate third parties on the Internet through which data is saved and financial instruments are tracked.
2. Tron
Tron is one such blockchain platform that is decentralised. And on the other hand, if we talk about its purpose, then it wants to develop a decentralised web. Tron on a blockchain, like ETH, allows dApp developers to leverage smart contracts and build complete protocols.
The Tron platform is the only platform that can handle over 1700 transactions per second, making it comparable with major payment processors such as PayPal. No transaction fee is charged.
3. Corda
It is in the form of a blockchain platform that is open-source. It allows businesses to transact in strict and straightforward confidentiality with smart contracts to pursue. It streamlines business processes which are capable of reducing transaction costs and record-keeping.
It is a platform that is very flexible and agile so it can help in scaling up to meet all the requirements of the business. Corda is designed to completely transform businesses across a wide range of sectors including applications built on Corda Dapps such as energy, finance, healthcare, insurance and more.
4. Stellar
It is available as a blockchain network that is completely open which means that it allows the storage and transfer of money. Stellar is a network capable of creating, trading, and sending digital representations of all money, for example, bitcoin, dollars and more.
There are more than 50% of banks around the world that regularly use this blockchain technology to make their services protect, transparent and seamless. Because it is considered an open protection network based on payments and currencies. It can handle more than lakhs of transactions in a day.
5. EOS
It is a blockchain platform created to develop, protect and constancy decentralised. It provides decentralised storage of enterprise solutions for smart contract capability, hosted dApps, and fully every scalability encountered by Ethereum and Bitcoin plays an important role in resolving the issues. The EOS platform helps eliminate each and every charge of the user.