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The platform OpenChain has been Developed by Coinprism, a company behind the colored coins standard Open Assets. OpenChain is an open-source distributed ledger technology, highly suited for organizations willing to manage the digital assets in a secure and scalable manner. Unlike the consensus mechanism used in Bitcoin, it uses Partionned Consensus where one instance will only have a single authority for validation of transactions. Since there is no miner in the OpenChain, the transactions are free of costs and can be validated by the asset administrator, making it more efficient than other platforms.