What the heck is the MultiChain blockchain?

Multichain is like a permissioned Bitcoin network but for financial institutions.

What is MultiChain?

MultiChain is an open-source blockchain platform created to build and deploy private blockchain applications that function within or between organisations.

The platform provides a simple API and command-line interface that are suitable for financial transactions. MultiChain is built with a comprehensive set of features that include permissions management, native assets, data streams and simple per-chain configuration. These high-end features help enterprise applications in terms of scalability, confidentiality, integration and compliance.

As a lightweight private network, it is easy to deploy and maintain with developer-friendly and flexible tools. It allows the use of various programming languages such as Python, C#, PHP, Ruby or JavaScript.

On the network, native tokens referred to as assets can be created and transferred between stakeholders. MultiChain is an off-the-shelf platform because it mirrors some of Bitcoin features, by extending the Bitcoin protocol and Bitcoin Core APIs, making it compatible with a vast range of tools and open-source code built for Bitcoin, including software libraries, online…