Insolar

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IBM Blockchain

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Achain

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Insolar

by Insolar

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IBM Blockchain

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Achain

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What problem does this service solve?

Insolar hopes to create an enterprise blockchain that will be more scalable and easier to use than current platforms.The IBM Blockchain Platform is designed to assist developers in creating and operating an application with a blockchain network.BaaS platform aimed at making it easier to create DApps on customized blockchains that can be forked from Achain's main architecture.

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Company Description

Insolar is a blockchain technology company that is developing an open source enterprise-grade blockchain platform. Their goal is to allow companies to transition their existing business processes, and data systems, to an enterprise blockchain that will create efficiencies and new revenue sources. Insolar also provides blockchain consulting services for companies in need of distributed ledger solutions. The company was originally focused on using blockchain to improve supply chains and logistics in the grocery industry, but they have since expanded their scope. Their network is currently powered by the Ethereum-based INS token.

IBM's Blockchain Platform is the company's BaaS solution that it delivers through the IBM Cloud. It simplifies the process of deploying a blockchain-enabled application. IBM's platform has a number of unique features. These include, a pluggable architecture that allows developers to use software modules and a new consensus algorithm, that IBM developed, and is tailored to specific use cases. It also enables cryptographic identity management and smart contracts that can be written in popular programming languages, such as Java, and then executed in containers.
IBM is also involved with the Linux Foundation’s open-source Hyperledger Project, which was created to help developers easily build secure distributed ledgers that can be used to exchange almost anything of value.

Achain is creating a Blockchain-As-A-Service platform for DApp development. It is designed to make it easier for companies to create smart contract powered DApps. Achain has a delegated Proof-of-Stake (dPoS) consensus mechanism and is powered by the ACT coin. One of Achain's main advantages is that is easy to fork. Users can create an independent chain that can be customized. These independent chains can communicate with the main Achain platform with a value exchange protocol that connects them.

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