Best Smart Contract Platforms for Oracle Cloud Infrastructure

Reliably share trusted data with multiple parties using Oracle Blockchain Platform Cloud Service. The solution offers ready-to-use code for running smart contracts and maintaining a tamper-evident blockchain—built on the industry’s leading open source Hyperledger Fabric blockchain platform. Easily add or remove resources to meet changes in demand and scale the compute capacity—up or down—to meet evolving needs. Customers are charged only for usage. Multiple participants can contribute to the blockchain network with the easy-to-configure RAFT consensus algorithm. The fine-grained access control functionality allows access to each piece of large datasets stored in the cloud. With this feature, smart contract developers can manage permissions’ access to easily define identities, groups, and resources. With just a few clicks, set up a permissioned blockchain—no coding required. There’s no need to manually provision hardware, software, manage certificates, or configure network components.

Hyperledger Sawtooth offers a flexible and modular architecture that separates the core system from the application domain, so smart contracts can specify the business rules for applications without needing to know the underlying design of the core system. Hyperledger Sawtooth supports a variety of consensus algorithms, including Practical Byzantine Fault Tolerance (PBFT) and Proof of Elapsed Time (PoET). Originally contributed by Intel, Sawtooth is a blockchain suite designed for versatility and scalability. Distributed Ledger Technology has potential in many fields with use cases from IoT to financials. This architecture recognizes the diversity of requirements across that spectrum. Sawtooth supports both permissioned and permissionless deployments. It includes a novel consensus algorithm, Proof of Elapsed Time (PoET). PoET targets large distributed validator populations with minimal resource consumption.