R "Ray" Wang
R "Ray" Wang
Research Summary: Constellation ShortList™ Synchronous Ledger and Blockchain Platforms
About this Constellation ShortList
In 2008, blockchain technology was introduced to the world from the mysterious Satoshi Nakamoto. The paper, titled “Bitcoin: A Peer-to-Peer Electronic Cash System,” shared how a network would maintain a time stamped immutable record of all cryptocurrency transactions to prevent double spend with no central umpire.
The core of blockchain is the algorithm used by the pool of participants to establish consensus about the state of the ledger. Consensus has been a field of computer science for many years, but blockchain stimulated a great new round of R&D. Different consensus mechanisms include: Practical Byzantine Fault Tolerance (PBFT), Paxos, Proof of Work, Proof of Stake, Raft, and Proof of Elapsed Time.
Blockchain or Synchronous Ledger Technologies will play a role in transforming how contracts, digital assets, cryptocurrencies, and other digital goods will be created, controlled, and transferred in a digital world. With much confusion on protocols, standards, and approaches, the Constellation ShortList identifies the most innovative and commonly used platforms.
Organizations conducting their own strategic research & development have a wide choice of blockchain platform for experimentation and proof of concept.
Threshold Criteria
Constellation considers the following criteria for these solutions:
- Creation of assets, contracts, objects and other digital objects
- Control of assets, contracts, objects and other digital objects
- Transfer of assets, contracts, objects and other digital objects
- Permission model support
- Transparency
- Privacy
- Public and private network support
- Multiple currency (if applicable)
- Consensus flexibility
The Constellation ShortList™
Constellation evaluates more than 20 offerings in this market. This Constellation ShortList is determined by client inquiries, partner conversations, customer references, vendor selection projects, market share and internal research.
These are the best-of-breed vendors that provide self-service advanced analytics offerings:
- BigchainDB
- Chain Core
- Corda
- Domus Tower
- Ethereum
- Hyperledger Fabric
- Quorum
- Stellar
Click here, to see all the Constellation ShortLIst categories
Your POV.
Have you started a BlockChain project? Where do you see use cases for synchronous ledgers? Let us know as we share these with our executive network.
Add your comments to the blog or reach me via email: R (at) ConstellationR (dot) com or R (at) SoftwareInsider (dot) org.
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Disclosure
Although we work closely with many mega software vendors, we want you to trust us. For the full disclosure policy,stay tuned for the full client list on the Constellation Research website.
* Not responsible for any factual errors or omissions. However, happy to correct any errors upon email receipt.
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