Technology

Top 7 Blockchain Technologies You Can’t Ignore (2018 Hot Update)

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By allowing digital information to be distributed but not copied, blockchain technology created the backbone of a new type of internet. Originally devised for the digital currency, Bitcoin,  the tech community is now finding other potential uses for the technology.

 

On this article we mention all of the blockchain technologies you must watch out for in 2018, enjoy!

1. Cardano

Cardano is a decentralised public blockchain and cryptocurrency project and is fully open source.

 

Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed.

 

It is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach.

 

The development team consists of a large global collective of expert engineers and researchers

 

It was created by blockchain development firm Input Output Hong Kong (IOHK) and led by Charles Hoskinson, former co-founder of BitShares, Ethereum and Ethereum Classic, and aims to run smart contracts, decentralized applications, side chains, multi-party computation, and metadata.

 

 

 


 

 

2.Zilliqa

 

Zilliqa is the world’s first high-throughput public blockchain platform – designed to scale to thousands ​of transactions per second.

 

Zilliqa brings the theory of sharding to practice with its novel protocol that increases transaction rates as its network expands.

 

The platform is tailored towards enabling secure data-driven decentralised apps, designed to meet the scaling requirements of machine learning and financial algorithms.

 

​Zilliqa has been under research and development for two years, and powered several ground-breaking deployments commercially.

 

 


3.  EOS

 

EOS is a blockchain platform for the development of decentralized applications (dapps), similar to Ethereum in function.

 

It makes dapp development easy by providing an operating-system-like set of services and functions that dapps can make use of.

 

The idea behind EOS is to bring together the best features and promises of the various smart contract technologies out there (e.g. security of Bitcoin, computing support of Ethereum) in one simple to use, massively scalable dapplication platform for the everyday user to empower the impending blockchain economy.

 

 


4. ArcBlock

 

There are a lot of innovative projects in the world of blockchain and cryptocurrency. ArcBlock is trying to do something different, which is always a positive sign. This open chain access protocol is designed to provide an abstract layer for accessing underlying blockchains. As such, the applications built on top of this new chain are cross-compatible.

 

ArcBlock goes beyond providing the necessary foundational components for using blockchain to power complex business rules.

It connects your existing system to blockchain networks, enabling you to automate business processes using the data and identities associated with existing systems.

 


 

 

5. ixo Foundation

 

xo is an open-source software development Foundation building the Blockchain for Impact. The ixo network provides the data infrastructure for the Impact economy.

 

The ixo protocol enables anyone to deliver, evaluate or invest in sustainable development impacts, with crypto-economic proof of Impact. Projects create, own and share their impact data as digital assets. Using high-definition data and tokenized impacts, we can count what matters. Project Impact tokens enable Impact investors and stake-holders to value what counts and implement innovative ways of financing results

 

 

 


6. Gem

The Gem portfolio gives you a unified view of your digital wealth. Get real-time balances and historical performance of your assets and offline storage, such as hardware wallets. See how your asset holdings are allocated, along with an in-depth view of each in your portfolio. It’s everything you own, tracked in one place.

 

The GemOS enterprise platform enables all parties in today’s data-driven healthcare economy to securely access and share data with the right permissions, and with full HIPAA compliance, within and across organizations.

 

 

 


 

7. Aion

Today, there are hundreds of blockchains. In the coming years, those hundreds will become thousands and—with widespread adoption by mainstream business and government—millions. Blockchains don’t talk to each other at all right now; they are like the PCs of the 1980s.

 

In the future, blockchains will federate data and value in a hub and spoke model similar to the internet. The future of mainstream blockchain adoption will be achieved by the development of a networked, federated blockchain to integrate these separate spokes. That integrated blockchain network is Aion. Aion is a third-generation blockchain network that will enable any private or public sector organization to:

 

  • Federate: Send data and value between any Aion-compliant blockchain and Ethereum.

 

  • Scale: Provide fast transaction processing and increased data capacity to all Aion blockchains.

 

  • Spoke: Allow the creation of customized public or private blockchains that maintain interoperability with other blockchains, but allow publishers to choose governance, consensus mechanisms, issuance, and participation.

 

At the root of the Aion network is a purpose-built, public, third-generation blockchain called Aion-1.

 

Designed to connect other blockchains and manage its own robust applications, Aion-1 also provides the economic system that incentivizes interoperability in the ecosystem.

 

AION tokens are the fuel used to create new blockchains, monetize inter-chain bridges, and secure the overall network.

 

 

That’s it!

 

 

Co-founder of CryptoCuncher, Solving Problems Using Pixels & Words.

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