What are the Top Blockchain Frameworks for Developers?

Blockchain solutions refer to a decentralized ledger system that keeps transactions across multiple platforms. Once you record your transaction, you can’t change it. It’s an evolving digital ledger that keeps space for transparency, security, and decentralized transactions. The popularity of blockchain enhances the environment of various industries. It eases the transaction process while diminishing additional costs.

However, not all blockchain platforms may help you in the process. You’ve to be cautious with modern blockchain platforms.

In this blog, you’ll acknowledge the top blockchain frameworks for developers. Apart from that, you’ll also gain a few pieces of information about blockchain development services.

After that, you may choose the best blockchain framework for your business. 

Understanding the Blockchain Development Services

What is a Blockchain Development Service?

Blockchain development services refer to the technology that offers a digital ledger system. It can record transactions across various machines or computers. The data can be distributed without any central authority hassle-free. As of 2032, the global blockchain technology market may observe growth of $825.93 billion with a CAGR of 8%. Meanwhile, according to Grand View Research, it can grow up to $1431.54 billion by 2030 with a CAGR of 7%.

Pros of Blockchain Development Services

Transparency: With the help of blockchain technology, organizations can expect transparency of transactions.

Enhanced Security: Blockchain provides enhanced security to prevent unauthorized access or fraudulent activities.

Efficiency and Speed: Traditional processes may consume time but with blockchain frameworks, you can expect an increase in efficiency and transaction speed. 

Traceability: With blockchain, you can trace each data and transaction.

Automation: With the help of smart contacts, you can automate transactions without human intervention. 

Top 12 Blockchain Frameworks for Developers

1. Ethereum 

Ethereum is one of the oldest and most trusted blockchain frameworks used to develop decentralized applications. It provides adequate support to smart contacts. This blockchain platform has its own cryptocurrency. The ecosystem that exists here is mature which is used to write smart contacts. After adopting the PoS consensus mechanism in 2022, Ethereum reduced energy consumption by 99.98%. 

2. Hyperledger Fabric

Hyperledger Fabric is another familiar blockchain framework that is open-sourced. Organizations who want to keep their data private and secure, use this platform. It is developed with the help of JavaScript language. You can expect permissioned distributed ledger networks with the help of this blockchain framework.

3. Corda

Corda is another open-sourced blockchain platform that is developed under Ethereum technology. You can expect the development of an application with a robust and vendor-neutral foundation. It streamlines the process of financial institutions, like banks while reducing costs and enhancing productivity. Corda uses state-of-the-art cryptography to ensure all sensitive information is secured or shared with permissioned users.

4. EOS

EOS is a blockchain framework that develops decentralized applications (DApps) and distributed autonomous organizations (DAOs). It is also an open-sourced blockchain platform that is built under the WebAssembly language. It assists developers to build and deploy applications easily for their specific needs. 

5. Ripple

Ripple is also an open-sourced blockchain framework that is built under the JavaScript language. It shapes the distributed ledger networks effectively with its numerous tools and features. This blockchain platform scales up the development and deployment process. You can use this solution with JVM-compatible platforms, like Java, Scala, Kotlin, etc.

6. Tezos

Tezos is one of the older blockchain platforms developed in 2014 and supports DApps. It also showcases support for novel financial instruments, like NFT and smart contacts. It consists of a PoS consensus mechanism that enhances the overall efficiency. The community related to this platform upgrading its features to improve performance while automating the weaving NFT process. 

7. Quorum

J.P. Morgan developed the Quorum blockchain framework which is a distributed ledger network. It facilitates global transaction processing along with data privacy for the customers. You can expect highly developed applications that ensure scalability and flexibility to maintain data security. Industries, like media, healthcare, and energy use this blockchain solution.

8. NEO

NEO is also a prominent blockchain platform that digitizes assets with its digital identities and smart contracts. It consists of an Ethereum Virtual Machine (EVM) as the core part. Therefore, developers can use it to prepare distributed ledger applications. Programmers may expect a solid foundation and adequate ecosystem with this blockchain framework. 

9. IOTA

IOTA is also developed under JavaScript language and it’s an open-sourced blockchain framework. You can expect data security and data confidentiality with its reliable networks. Developers can create highly scalable and versatile applications with the help of this blockchain platform. 

10. Stellar

Stellar is a new blockchain platform that can escalate the processing and finalizing time of transactions. It optimizes several types of DeFi applications. This blockchain framework consists of security mechanisms that remove the questionable factors about any financial transactions. That’s why the majority of companies use this framework in international trade. 

11. Hyperledger Iroha

Hyperledger Iroha is developed under the C++ language and it’s also an open-sourced blockchain framework. Developers can expect their data to stay secure and private with its distributed ledger network. Besides these, developers can avail the benefits of using a wide range of tools to manage, deploy, and develop applications.

12. Hyperledger Sawtooth

Hyperledger Sawtooth is also an open-sourced blockchain framework that is developed under Python language. It improves the developing and deploying process of distributed ledgers for the organizations. Developers can expect highly scalable and flexible platforms to develop applications that can be powerful. They can enjoy access to developing, managing, and deploying smart contracts.

How Different Industries Use Blockchain Frameworks?

Banking or Finance

Financial institutions, like banks, can use blockchain for online payments and market trading. Quorum and Corda are the ideal choice for these sectors. It may increase the operational efficiency of banks and financial institutions. 

Supply or Food Chain

Blockchain frameworks may enhance the business relationship while building trust in the food chain. The industry can expect safety, freshness, and zero waste with the help of blockchain.

Media and Entertainment

Organizations that belong to the media and entertainment industry, can manage copyright data with the help of blockchain. Quorum is beneficial for them. After using blockchain frameworks, the sector can improve its productivity and strategy. 

Retail

Retail companies can utilize blockchain technologies, like Ethereum to track their movement of products. The sellers can track their supply chain movement in a lively manner. In addition, it may allow manufacturers, distributors, and other parties to register with a certified authority.

Healthcare and Pharmaceuticals

Blockchain can help healthcare sectors to prevent data breaches. Apart from that, it can guide them to enhance data related to security and patients. Meanwhile, pharmaceutical sectors can track their supply chain movement and trace their products. 

Successful Case Studies with Blockchain Solutions

Blockchain-based Digital Money Solutions

For our Canada-based client Confidential, we leverage blockchain technology to upgrade the digital money infrastructure. We assist them in gaining a predictable digital asset that is user-friendly. The system helped them with price predictability and simplifying blockchain assets. 

The backend technologies we used here are Ethereum, EOS, Rust, Node.js, etc. Meanwhile, the frontend technologies that we used were Anchor, Ledger Wallet, TypeScript, MetaMask, etc.

Blockchain-based Crypto Loan

For the same client, we built a cryptocurrency holder to enhance a decentralized platform for finance. Just like other assets, like stocks, cryptocurrency served as collateral for loans. Similarly, like other loans crypto loans have been implemented with an interest. As a result, the client received an innovative decentralized finance solution.

Along with Ethereum and Bitcoin, we used USDC and USDT cryptocurrencies. The backend technologies that we used were Node.js, Typescript, Express.js, MySQL, etc.

We also utilized AWS, Terraform, and Cloudflare in this project.

Mindfire Solutions: Your Partner in Blockchain Development Service

At Mindfire Solutions, we always ignite innovation, transformation, and solutions. We’ve 20 years of expertise in the field and partnered with top major global companies. We have a team of 650+ people who are always passionate about technology. They can guide you throughout the development process. We bridge the gap between products, people, technology, and business effortlessly.

With our blockchain as a service, you can enjoy the benefits of custom blockchain development services. At Mindfire Solution, you can expect enhanced security and greater transparency for your transaction. You can store your information with verifiable technology. Our blockchain solutions are also accessible to all.

Partner with us today for seamless blockchain development. 

In Summary

The uses of blockchain frameworks are increasing daily thanks to their transparency, security, and trust. Organizations are improving their data traceability for this solution. There are numerous blockchain frameworks you can use. Ethereum and Hyperledger are popular blockchain frameworks. Apart from that, you can also get the benefit from Corda, EOS, Tezos, and Stellar. NEO, IOTA, and Quorum are also familiar to developers.

Different industries like banking or finance, retail, media and entertainment, etc. use blockchain to evolve their business.

In this blog, you’ve acknowledged the top blockchain frameworks ideal for developers. Apart from that, you’ve also gained a few details about blockchain development services.

You’ve also uncovered a few details about Mindfire Solutions, a prominent provider of blockchain solutions.

Evolve your blockchain experience today with Mindfire Solutions!