Imagine a situation where you want to build a house and for this you need to develop a project or buy a ready-made one. In the second case, you will be able to edit the layout of rooms, decor, and little things, but things like the main walls, sewage, and electricity will remain unchanged. At the same time, it will significantly simplify and speed up the construction process.
It’s the same with blockchain frameworks. They are templates designed specifically to speed up the development process and they can either be permissioned or permissionless.
List of Top Blockchain Development Frameworks
Hyperledger
An open-source framework that appeared in 2016. Hyperledger’s modular system allows customization of specific transactions and projects. Using it, it is possible to hide channels and information that will be available only to relevant users.Unlike other frameworks that focus on a cryptocurrency-based blockchain model,
Corda
Its main tasks are recording and monitoring the execution and synchronization of financial transactions between regulated financial institutions.
Quorum
Transactions are executed at a rate of one hundred to one second. There is a pre-planning option on the platform.The interface is clear, and recommendations are given on the sequence of actions and the development plan.
Ethereum
It is the first platform known to the crypto industry. At the technological level, it is possible to distinguish the “transactions” layer from the “smart contracts” layer. This allows ICOs and DApps to be executed on the platform.
MultiChain
MultiChain is an open-source platform for building private chain applications. The framework aims to eliminate the problems associated with bitcoins by limiting the visibility of the ledger and allowing institutions to exercise control over transactions as well as abandoning distributed mining.
Benefits of Blockchain Platforms
- Getting the essentials in one place
- Greater efficiency
- Prevention of fraud
- Promotes Auditability
These frameworks for blockchain apps are certainly among the best. However, they are not all the same. There are options—indeed, many good options—but an option is good for your needs only if it serves these needs.No doubt that there are plenty of blockchain platforms available across the world but enterprises need to understand the right platforms to build highly scalable applications.