Best Smart Contract Platforms for Oracle Cloud Infrastructure

Use Oracle Blockchain Platform Cloud Service to securely share trusted data with multiple people. The solution provides ready-to use code to run smart contracts and maintain a tamperproof blockchain. It is built on the industry's most popular open-source Hyperledger Fabric blockchain platform. You can easily add or remove resources to meet changing demand or scale the compute capacity up or down to meet evolving needs. Customers pay only for the usage. With the simple-to-configure RAFT consensus algorithm, multiple participants can contribute to the blockchain network. Access to large data sets stored in the cloud is controlled precisely by the fine-grained access control functionality. Smart contract developers can easily manage permissions to define identities, groups, or resources. It takes just a few clicks to set up a permissioned Blockchain. No programming required. It's not necessary to manually provision hardware or software, manage certificates, configure network components, or even configure them.

Hyperledger Sawtooth is a modular and flexible architecture that separates core system and application domain. Smart contracts can then specify business rules for applications without having to know the underlying design. Hyperledger Sawtooth supports a range of consensus algorithms, including Practical Byzantine Fault Tolerance and Proof of Elapsed Time. Sawtooth, originally developed by Intel, is a suite of blockchain applications that is flexible and scalable. Distributed Ledger Technology is a promising technology that can be used in many areas, from IoT to financials. This architecture recognizes that there are many requirements across this spectrum. Sawtooth is compatible with both permissioned deployments and those that are not. It also includes Proof of Elapsed Time (PoET), a novel consensus algorithm. PoET targets large validator populations distributed with minimal resource consumption.