Open Source, Private and Public Blockchain Platforms: What They Offer

Open source platforms play a crucial role in driving innovation and democratising access to blockchain technology. These platforms promise to have a significant impact on the future of society by offering a range of benefits.

- Dr Magesh Kasthuri and Dr Anand Nayyar

B lockchain technology has gained widespread attention for its potential to revolutionise various industries by providing decentralised, transparent, and immutable solutions. Two primary types of blockchain platforms exist: private and public. Each type offers distinct features and use cases tailored to different organisational needs and requirements.

Open source blockchain platforms are a powerful enabler of innovation, collaboration, and democratisation in the digital age. By providing transparent access to blockchain technology, these platforms empower developers and organisations to build decentralised solutions that address real-world problems and drive positive change. As the adoption of blockchain technology continues to grow, open source platforms will play an increasingly vital role in shaping the future of technology and society.

Open source blockchain platforms

Open source blockchain platforms are decentralised networks that allow developers to build, deploy, and operate blockchain-based decentralised applications (dApps) and smart contracts. Unlike proprietary platforms,

which are owned and controlled by specific organisations, open source platforms provide transparent access to their source code, allowing developers to inspect, modify, and contribute to the codebase. Examples of popular open source blockchain platforms include Ethereum, Hyperledger Fabric, and EOSIO. Some of the key features of these platforms are:

Transparency: Open source blockchain platforms build transparency into their codebase, allowing developers to verify the integrity and security of the platform.

Accessibility