What does Alliance Chain mean (What are the Alliance Chain platforms)?

Alliance Chain means blockchain is a technology of the Internet, but it is not a specific computer code. In traditional systems, there are many levels of trust required to maintain. Due to the different technical characteristics and business needs of the Alliance Chain, they also have different functions and application scenarios.

In simple terms, Alliance Chain is to gather an organization or a group of members together to form a new collaboration method, which can achieve efficient operation and operation of the entire system. This new mechanism can enable people to cooperate, coordinate, and reach consensus more effectively. (For example, large companies like IBM have already started building their own Alliance Chains.)

What are the Alliance Chain platforms?

The blockchain industry is entering a new stage. With more and more projects and companies looking for more efficient and low-cost solutions, the emergence of Alliance Chain platforms has brought many new opportunities to this field and provided more choices for investors.

According to data statistics from Coinmarketcap, a total of over 400 platforms related to cryptocurrencies were released globally in 2019, including 13 developed based on Ethereum and 6 based on EOS. These platforms can be used for storing data, managing transactions, and making payments, among others. However, because most applications are currently built on blockchain networks and require dedicated security systems to operate, Alliance Chain platforms are not suitable for all financial formats.

This article will introduce the widely recognized safest Alliance Chain platforms. What is an Alliance Chain? Generally speaking, an Alliance Chain refers to a network structure formed by using distributed technology or other emerging technologies (such as the Internet of Things) to provide new solutions. For example, IoT devices can connect to the Internet using smartphones; shared bicycles can be accessed to the Internet through smart cars; and enterprise-level cloud servers, among others. How to create your own Alliance Chain? We believe that an Alliance Chain is a way to achieve this goal.

An Alliance Chain is a non-profit open-source protocol initiated by government agencies or public service departments or groups established by organizations. Its purpose is to allow everyone to participate without the presence of a central entity. In order to make the whole society better, Alliance Chains must have decentralized characteristics while maintaining the reliability of security and efficiency.

Alliance Chains include the following categories: digital asset trading, digital identity verification, distributed ledger storage, multiparty computation, and consensus mechanism. One of the main functions of the Alliance Chain is to support all users in maintaining and updating accounting status together. This means that no party can intervene in a specific task. For those who want to obtain information, they do not need to know who the other party is or the address to receive the message. This approach not only increases trust but also helps them avoid some legal risks. What are the Alliance Chain platforms?

From the above list, we can see that besides mainstream public chains, Alliance Chains also have many other ecosystems. Examples include OpenEthereum, Hyperledger Fabric, R3 Corda, and Polkadot. The most well-known ones are Polkadot, Cosmos, and Kusama.