Ethereum, Hyperledger, Vechain… 3 Star Blockchain to Follow

It is still unknown and still shrouded in some mystery, however it has a great future. According to the latest estimates, the blockchain has already generated, in the past year, between 1.5 and 2 billion euros in trading volume on a global scale. That’s modest, but still double what it was in 2017. 10 billion should be crossed in less than four years. Moreover, the numbers are alarming: some experts are betting on a business volume of 450 billion in 2030 …

However, these expectations must be taken seriously: by securing transactions and transferring data between multiple partners, the blockchain was developed for the first time in the world of finance and insurance. Sectors where the financial flows are massive. But, with its promise to “provide certainty, thanks to a system where fraud is not possible and fully traceable”, as IT consultant Christian Di Giorgio puts forward, blockchain is gradually interested in all sectors, from distribution to industry, including culture and real estate, all sizes of companies combined.

>> To read also – Paris has been the capital of blockchain for two days… while you wait for the best?

No wonder, then, on the service provider’s part, that things are grappling at the gate. Few historical players are emerging, but startups are thriving at a pace the market needs…which is accelerating. Management here refers to three actors that are symbolic of the diversity of a sector set up by a real whirlwind.

Ethereum: Historical reference

Its origins go back to 2013 and it was officially created in 2015, but this platform is really a dinosaur on the blockchain planet. When he laid the foundations, Vitalik Buterin was not yet 20 years old: this young programmer of Russian origin, who lives with his family in Canada, was mainly developing a theoretical project, which laid the main principles of so-called smart contracts managed by decentralized applications. Ethereum, a Swiss start-up, decided to turn the project into reality, in parallel with the launch of a cryptocurrency, Ether, determined to compete with Bitcoin, which was born six years earlier.

The platform quickly found its customers, first in finance, and established itself as a leader in the blockchain, even if it was heavily attacked by Chinese NEO, while still embodying innovation and development for this technology. Near Zug, Switzerland, it has attracted a cluster of start-ups, which now make up what is known as the Crypto Valley. It spreads the good word regularly across international conferences, as was the case in Paris at the beginning of March.

But from the point of view of experts, Ethereum remains linked above all to the historical model, the general blockchain model, capable of adapting to the specific needs of each user or each economic sector. Faced with the diversity of demands, however, we are seeing more and more startups offering to create ‘custom’ platforms for each client.

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Hyperledger: open source sources

The Linux Foundation launched its first software in early 1991. For three years, it implemented open source mode of operation on its Hyperledger blockchain platform. This puts it halfway between a generic solution and a custom configuration, as it benefits from a highly streamlined supply of developments that adapt to different scenarios. At the beginning of the year, the organization also announced that it wanted to make a firm commitment in this direction by providing developers with tools that would help those who develop specific applications, in order to “reduce cross-cutting problems” in supply chains.

Lynx cites the example of the diamond industry, which has to deal with both the issue of traceability – every diamond is registered and identified – and the issue of international transactions, from the production site to the jeweler’s office or the auctioneer’s room. This means a common safe procedure base, but one that is able to adapt each time to local legal and financial standards. It is all this data that Linux wants to provide free access to developers.

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VeChain: Each ecosystem has its own blockchain

Born in Singapore about two years ago, VeChain embodies the future of blockchain for some experts. From the start, it has positioned itself in a very specialized niche, namely counterfeiting. So it turned its back on the historical big users of the blockchain, financial institutions or insurance companies…but quickly got interested in the big names in the luxury industry, starting with the world’s leading company LVMH, which both saw the way to securing authenticity for their products, while making significant savings in the chain of controls. intermediate.

Building on this success, VeChain, which initially relied on the Ethereum platform, has developed its own solution – and this is another powerful emerging trend: blockchains developed for each ecosystem, with their own limitations. What happens in luxury happens in the realm of connected things, especially self-driving vehicles, and should make it fast to the agri-food sector, and why not culture, with models that can enhance the participatory financing of films or music productions without having to resort to intermediaries.

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