Open source blockchain database
Each blockchain is as open or as closed as you need. Designed to let developers build blockchains and applications with minimum hassle. Supports multisignatures, external private keys, cold nodes and admin by consensus. Open platform for building blockchains. MultiChain helps organizations to build and deploy blockchain applications with speed. Rapid deployment Just two simple steps to create a new blockchain, and three to connect to an existing one. Unlimited assets Issue millions of assets on a blockchain, all tracked and verified at the network level.
Data streams Create multiple key-value, time series or identity databases on a blockchain. Fine-grained permissions Optionally control who can connect, send and receive transactions, create assets, streams and blocks. Developer friendly Designed to let developers build blockchains and applications with minimum hassle.
It is suited for organizations wishing to issue and manage digital assets in a robust, secure and scalable way. Anyone can spin up a new Openchain instance within seconds. The administrator of an Openchain instance defines the rules of the ledger. End-users can exchange value on the ledger according to those rules.
Every transaction on the ledger is digitally signed, like with Bitcoin. Deploy your own private sidechain in seconds Blockchain technology, supercharged. How does it work? The consensus mechanism used by Openchain differs from other Bitcoin-based systems, it uses Partionned Consensus: Every Openchain instance only has one authority validating transactions.
Instead of one single central ledger, each organization controls their own Openchain instance. Instances can connect to each other. Different transactions will be validated by different authorities depending on the assets being exchanged. Every asset issuer has full control on the transactions relevant to that asset.
More efficient Openchain is more efficient than systems that use Proof of Work: Openchain uses a client-server architecture which is more efficient and reliable than a peer-to-peer architecture. There is no miner, transactions are directly validated by the asset administrator. Since there is no miner, transactions are instant and free.
Modular design Validators validate and store transactions. Observers receive a read-only copy of the ledger. They do their own validation of the ledger and store their own copy. Clients and wallets connect to validators to submit digitally signed transactions. Smart contracts are independent actors receiving and sending transactions according to arbitrary business logic. Gateways create 2-way pegging between two Openchain instances.
They can also peg the Openchain instance as a sidechain of the Bitcoin Blockchain. What are the use cases? Openchain is a generic register of ownership.