A recent report by Gartner has estimated that the business value of Blockchain would reach $3.1 Trillion by 2030. The valuation is just a peek into the n number of statistics validating Blockchain’s future across industries, across the world.
Presently, we are sitting in a time which is stark opposite of the time that was around us 2 years back. Today, hundreds of businesses, both private and public owned and tens of governments have profitably shifted their business to Blockchain and thousand others are finding ways to.
What was a fashion in 2015, Blockchain app development has now become a necessity in 2018. And to answer to those necessities, along with finding processes to power with Blockchain, businesses are looking for the right platforms of Blockchain App Development.
And, this article aims to help with just that – in finding the Best Platforms for Blockchain App Development.
Now, talking of Platform the first and only thing that you should know is what type of platform you are looking for – Permissioned or Public.
Here’s an image describing the difference Between Permissioned and Public Blockchain App Development Platform
Now that you know the difference, let us start with the list of platform for each ecosystem –
Public Blockchain Platforms
Blockchain that anyone can read, view, and use
Ethereum – It is an open source platform which is used by developers to develop and deploy their dApps. Using this platform, Blockchain Developers run smart contracts on custom build Blockchains.
EOS – It is a smart contract platform that is used for deployment of decentralized applications and autonomous corporations. The platform aims to become a decentralized operating system that enables industrial state applications.
Radix – The platform is used to create and deploy various dApps ranging from a set of complex apps to ones that come with simpler smart transactions. The popular blockchain platform comes with scalability numbers that look like this – 20 number of nodes, less than 5 seconds run time, and over 3600 transactions per seconds.
Ubiq – Built upon Ethereum Codebase, Ubiq platform is used to create and implement decentralized apps and smart contracts.
Tezos – The latest entrant in the market, Tezos is the platform used to develop smart contracts and decentralized applications. It comes loaded with features that make dApp development more efficient, like – Built in Governance, Proof of Stake, and Security.
Callisto – It is an open-source, decentralized, crypto platform that is based on the go-Ethereum source code. The platform even owns its cryptocurrency (CLO). The aim of the platform is to boost the adoption of Ethereum Classic Platform.
QTUM – It is an open source value transfer ecosystem that is focussed on mobile dApps. The platform is a blend of Ethereum and Bitcoin – it is a value transfer system that supports smart contracts and dApps.
BitShares (Graphene) – The smart contract development platform offers a number of features that separate it from the list of other dApp development platforms. Features like – decentralized asset exchange, price stable cryptocurrency, industrial scalability, recurring payments, referral reward program, name transferable accounts, delegated proof of stake consensus, etc.
Nxt – The open source platform works on the functionality of cryptocurrencies such as Bitcoin and Ethereum. It has a number of core level elements like Marketplace, Voting System, and Decentralized Asset Exchange.
Waves – The open source platform allows users to launch their customized cryptocurrency tokens. Using the platform, developers have been creating a multi currency wallet, which are used for investing in verified crypto assets.
DFINITY – The platform is a Blockchain based cloud computing service. Businesses that will be working on this computer will not involve elements like database, restore, and AWS, which tend to bring the load speed down while involving a number of intermediaries.
Ethereum Classic – The extension of Ethereum platform, Ethereum Classic platform features the smart contract functionalities. It also offers a turing complete machine called Ethereum Virtual Machine, which executes script with the help of international network made of the public nodes.
Counterparty – It is a finance based platform that i used for creation of person-to-person financial apps in the bitcoin blockchain. Beside this, it helps developers code smart contracts as well.
Urbit – The network computing platform aims at introducing the world with an individual level general purpose server. A server that would save data, run apps, and would define your digital identity.
RootStock (RSK) – It is a peer to peer smart contract platform that has been built on the Bitcoin framework. The platform also offers network enhancements like better scalability, fast transaction, which is expected to give birth to new use cases.
Permissioned Blockchain Platforms
Blockchain that needs permission to be read, viewed, and used
Apla for Government & Business – For businesses, Apla platform is used for development of the digital ecosystems that help organize business, financial, and business activity. For government, Apla aims at bringing all government activities to a Blockchain platform.
Cardano (ADA) – The platform runs Blockchain for Ada cryptocurrency. It also aims at running decentralized apps, smart contract, side chains, metadata, and multi party computation.
Corda – It is permissioned financial blockchain which is used by developers to create an ecosystem that will only be accessed by only those users who are entitled to have the information. It also focuses on the ease that interoperability brings with itself through legacy systems.
Hyperledger Fabric – The platform is used by businesses to develop and operate their own industry specific blockchain apps, hardware systems, and platforms.
NEM – Another enterprise level platform, NEM uses ‘Proof of Importance’ consensus method for optimizing the throughput and the stability on public node network. The platform allows powerful customization that helps developers build a range of different dApps from Fintech to Logistics and ICO.
Monax – It is a Free and Open Source Software (FOSS) platform, which makes it extremely easy for the developers to create, ship and then run the blockchain and smart contracts specific applications.
QUORUM – Owned by JP Morgan, Quorum is an enterprise level platform used for developing Blockchain and Smart Contracts.
Swirlds Hashgraph – The platform is used to dApps that uses the power of cloud without involving servers, which makes the blockchain app development process much faster.
So here were the 25 most used Blockchain App Development Platforms that businesses are using for creating their dApps, let us now see how to decide which to choose. And what is our verdict on which platform is right for dApp development.
How to Choose the Best Blockchain App Development Platform
Out of all the available Blockchain App Development platforms, both those mentioned here and those active in the industry, knowing which one to adopt in your dApp development depends on a list of different parameters.
Parameters which can be boiled down to –
- Network Type – Public, Permissioned , or Permissioned
- Development Support – the ones supported by platform SDK
- Transaction Handling Capacity – High or Average
- Security & Scalability
- Platform Popularity – based on GitHub stats
- Live use case
- Pricing – Free or Paid
- GitHub Repo – names of the GitHub repo for SDK
These criterias help blockchain app developers decide which platform they are going to select for their blockchain app development. But, mainly the stage of taking this decision comes after a company has decided whether it wants to build a permissioned blockchain or a public blockchain.