Analyzing of distributed application development platforms on blockchain technology

In the last decade, the most important research area is the blockchain technology because of its distributed consensus, decentralized, anonymity properties, and peer to peer transaction. Problems such as regulatory and technical challenges can be covered by blockchain technology. In other words, blockchain can provide a secure, easily accessible, and tamper-proof network in the distributed ledgers. It is a published record of transactions, all over a network of users. Mohanta (2018) writes that Satoshi Nakamoto expresses peer to peer cash transactions in the distributed system in 2008, and after the idea of cryptocurrency grew rapidly. Currently, there are 1639 different types. There is no limit for using areas in blockchains such as the pharmaceutical industry, smart contracts, logistics, banking, and cybersecurity. More than three-quarters of researches on blockchain-related are focused on the financial part of blockchain like Bitcoin. The remaining part of researchers is trying to research the smart contract-based blockchain platforms and how these innovations can affect daily life. This thesis primarily focuses on the blockchain platforms which are used a smart contract system. To identify the goal, a comparison of platforms with each other in terms of specific and innovative features is used as a purpose. Another purpose of this thesis is that giving an idea of which platform is appropriate for what kind of problems and sectors. To reach these goals, the first technic is used by this thesis is a literature review. We look at the literature on what is going on the academia in terms of our aims. Then, we look at the example of real-time applications or proposed by researches for improving the current daily living standards. The last method we use is collecting all this information in one common environment and analyzing it. Our conclusion of this research is given the flowchart of six common blockchain platforms in terms of their features for specific problems and sectors. These six smart contract-based blockchain platforms are compared with sickle features to decide which platform is suitable for which sector and problem. All outputs are represented as a comparison table. During this thesis six common platforms which are Hyperledger, Ethereum, Corda, IOTA, Stellar and Ripple are researched.