Question

If the smart contracts are not used then where the programming logic is deployed ?

Answer 1

MultiChain has a lot of built-in rules to support permissions, asset and streams, without you needing to write your own code. If you want to customize these further you can use Smart Filters (in MultiChain 2.0, now in beta), but you don't need to. We recommend working through the 'Getting Started' guide to get a sense for how it works:

http://www.multichain.com/getting-started/

Comments

Thanks for replying.I am new to multichain .As of now i have good knowledge on hyperledger.So i am trying to differentiate between hyperledger and multichain in broader perspective .Your reply will be most appreciated and thanks in advance

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Here's the article you should read, it also includes Ethereum and Corda: https://www.multichain.com/blog/2018/12/smart-contract-showdown/