Best Blockchain Development Platforms in 2024

Here in this blog, we have listed the best blockchain development platforms you may use to build your next blockchain application.

“We have elected to put our money and faith in a mathematical framework that is free of politics and human error.”

Those who invest in cryptocurrency understand what we are talking about here. Technology over the years has surprised us in so many ways. Evolution hasn’t left anything untouched, not even our money or our art.

Who is to date alien to cryptocurrency and NFTs?

Well, none. And if anyone is when they are actually aliens.

Blockchain technology is the driver of these new forms of investment. The way it is expanding is interesting and quite a story. If you are looking forward to entering the market with a solution, all you need is to affirm that you use the blockchain development platform that helps your user invest easily.

Let’s get into the details of the most popular blockchain platforms a step at once.

What Is a Blockchain Platform and How Does It Work?

Blockchain technology is quite complex, but its functioning is quite comprehensive. It is a technology that saves information in a way that is difficult to hack, modify, or launder.

This is basically a digital ledger of transactions that is spread across the entire computer network. Whenever a new transaction is made, the record is integrated with the ledgers of the parties involved.

In layman’s language blockchain to an extent works quite similar to a database.

To have a well-defined solution, we can use the top blockchain platforms that would make it easier for us to beat the competition.

Advantages of Blockchain Platform

Most aspiring businesses aim to develop a blockchain framework, which might or might not prove beneficial for them. However, complex utopias give rise to blockchain platforms for easing out the process. These blockchains not only allow the new businesses to take advantage of these new blockchains, but they also let them make the use of the potential of the software that is already installed and their infrastructure.

Further, take a look at the advantages that a business might attain with the help of blockchain technology:

• Higher efficiency: It is one platform that helps in removing any middlemen between the buyers and the sellers. It is a platform that proves to be efficient from the first day itself allowing the seller to contact the direct customers, without the help of any intermediaries who make money. It is one of the most efficient gateway solutions for most sellers.
• Getting all the important things under one roof: The blockchain platform makes all transactions secure and one can assure them to be structured as well. It can be termed as a database that is managed and looked into by the individuals themselves. Therefore, everything can be done manually and there is no scope of fraudulent activities or altercations.
• No fraud activities: since it is the heart of all technical activities, managed by the individuals themselves, there is any scope of fraudulent activities. No changes can be made in the database of the backend. This reduces the risk of the information being leaked out or changes being made to it at any point in time. No editing can be made to the information.
• It helps in promoting suitability: The platform is known for its transparency as everything is done on one platform which promotes the same for being accountability. All the people who are involved in the blockchain process know about the person who has rendered any information at any step and know who to hold responsible for any changes or misinformation.

Checkout More: How to Develop Cryptocurrency Wallet

Different types of Blockchain Development Platforms

The blockchain platforms vary from each other depending upon their type. There are three types of blockchain development platforms for the same. Let’s take a detailed view of all three of them:

• Private networks: Having immutability similar to the decentralized networks, these are shared only between parties that have attained trust with each other. This blockchain platform is not open to the public and not everyone can have a look at it. These have no dormancy and are very quick if we look at its working speed. Another important feature of the private blockchain networks that differs it from other networks is that it does not use any cryptocurrency.
• Public networks: As compared to the other blockchain platforms this one is slower to use as it opens to the public and anyone, anywhere can use these without any hassle. These decentralized networks run full nodes, mining cryptocurrency, trading tokens, etc. These also cost a lot more than others when it comes to the pricing of these platforms. All startups must definitely consider this platform.
• Permissioned networks: These are different from both the platforms mentioned above. Although they have visibility in all groups and everyone can get access to viewing them, their participation is limited to only those who have the prior permission of doing so. Therefore, they are fast to use and have more latency as compared to the other networks.

Recommended Read: Top Blockchain App Development Companies

Blockchain Platforms: What and How of the Technology Explained

Most of us are now well aware of the potential the technology has and the way its demand in the market is expanding. When the technology was introduced in the market, it was seen as strong support for the banking industry, and with time it has found its implementation in a variety of industries, including software development.

There is an exponential growth in the demand for a blockchain development platform with the rise in blockchain apps development.

Here’s a quick detail of what a blockchain platform is.

When talking about blockchain platforms you need to understand that they are no different than the software development platforms. Just here the platform is used to develop blockchain applications. It is important that these platforms have permissions and certificates before you can use them.

When you want to hire blockchain development companies, make sure that you ask yourself a set of questions that can help you build a strong presence in the market.

Q.1 What level of privacy does your app require?

Privacy is an important point to consider when talking about taking your finances to the internet. Blockchain development can take place in two ways:

1. Centralized: The network and the information available to users are governed by a single authority

2. Decentralized: Data is distributed across the entire network.

If the application promotes business openness and trustlessness, however, the data must be stored on a public Blockchain development framework.

Q.2 What Are Your Scalability Needs?

As the number of participants and transactions increases, the different blockchain platforms should evolve and adapt. Scaling issues are a common problem with Blockchain projects. Bitcoin and Ethereum transaction speeds are slower than Ripple, PayPal, and other similar services.

Let’s say your decentralized apps aren’t transaction-heavy and can get by with a simple escrow arrangement. In that instance, cost, quality, and ease of use should guide your vendor and network selection.

However, if your best dApp blockchain requires a large number of transactions, you must investigate the side-chain implications in order to gain access to the blockchain.

Sounds a little hassled? 

Well, it’s not. We have curated here a list of blockchain development platforms that our experts can work on and help you create a blockchain app.

20+ Blockchain Development Platforms

1. Quantum Ledger Database on Amazon (QLDB)

This is a well-managed best database for blockchain that offers the users a centralized trusted certificate authority with an immutable, transparent, and cryptographically verifiable transaction log. Quantum Ledger Database on Amazon (QLDB) blockchain platform keeps track of every change to an app’s data and keeps a complete and verifiable history of those changes over time.

Features of Quantum Ledger Database on Amazon:

• Services in the Financial Sector
• Permissioned Ledger Type
• RAFT Consensus Algorithm
• In-built Smart Contract
• Governed by Central Trusted Authority

2. Hedera Hashgraph

Hedera Hashgraph is one of the new type of distributed consensus open source blockchain platforms that is fast, safe, and secure. It gives developers the choice and technology to create a completely new class of scalable dApps.

Features Hedera Hashgraph Blockchain Platform:

• Serves Cross-Industry
• Permissioned Ledger Type
• HASHGRAPH Consensus Algorithm
• Offers Smart Contract
• Governed by World’s Leading Organizations’ Council

3. IBM Blockchain Platform

IBM blockchain platform includes complete support of the open-source solution with service level agreements, as part of IBM’s commercial distribution of Hyperledger Fabric. The platform is enabled with productivity tools for creating, deploying, and managing blockchain systems that help developers bring to the screen an interactive solution.

Features of IBM Blockchain Platform:

• Serves Cross-Industry
• Public and Private Ledger Types
• APIs for the IBM Blockchain Platform
• Comes with Smart Contract
• Governance IBM

Recommended Read: Best Mobile App Development Companies

4. Hyperledger Sawtooth

Hyperledger Sawtooth is crafted for an enterprise-grade and modular platform for creating, implementing, and executing distributed ledgers that allow digital records to be preserved without the need for a central authority.

Features of Hyperledger Sawtooth Blockchain Development Platform:

• Serves Cross-Industry
• Permissioned Ledger Type
• Pluggable Framework for Consensus Algorithm
• Smart Contract Enabled
• Linux Foundation Governance

Hyperledger’s open-source blockchain platform has a 1.0 version that is enterprise-ready.

5. Stellar Blockchain Platform

This blockchain development platform is a distributed blockchain-based ledger that allows for cross-asset value transactions. It can let the users deal with fiat-based currency and cryptocurrency exchanges. Smart devices, banking tools, and mobile wallets can all be developed using the Stellar best blockchain networks.

Features of Stellar Blockchain Platform:

• Services in the Financial Sector
• Public and Private Ledgers Available
• The Protocol for Stellar Consensus
• Smart Contract Is Built-in
• Governed by

6. Workbench for Azure Blockchain

By experimenting with new business processes businesses can use Azure and leverage its features like a risk-free, affordable, and fail-fast platform. It can boast to be backed up by a cloud platform that has the industry’s best compliance portfolio.

Features of Workbench for Azure Blockchain:

• Cross-Industry
• Permissions for Ledger Type
• Trusted Computing Base Consensus Algorithm (TCB)
• There is a Smart Contract
• Governed by Microsoft

Read Also: The Ultimate Guide for Blockchain as a Service and its Business Benefits

7. BigchainDB Blockchain Development Platform

It’s the best database for blockchain that can be queried, is a decentralized exchange, and supports a variety of assets natively, among other things. Despite the fact that BigchainDB is a blockchain database, it lacks a business logic layer or a processing layer for the assets it stores.

BigchainDB, as the best database for blockchain, lacks the business logic layer and processing layer for the assets it stores. We get the finest solution for the digital future by combining BigchainDB and Hyperledger Fabric, which aids in the development of smart contracts for use across industries.

Features of BigchainDB Blockchain Development Platform:

• Serves Cross-Industry
• Permissionless ledger type
• Tendermint Consensus Algorithm
• Yes, there is a smart contract.
• Easy-to-integrate governance platform with incentives

8. Tezos Blockchain Platform

Another self-governing blockchain platform that is decentralized in nature and has created a digital commonwealth. Tez or Tezzie is a digital token that is tied to this platform. The blockchain app builder platform does not offer anything to token holders for tokens; instead, the platform pays token holders for participating in the proof-of-stake consensus mechanism.

Tezos, like Neo and other platforms, is the best dApp blockchain and smart contract platform. It has a self-amending cryptographic process, a feature that differentiates it from the crowd.

Features of Tezos Blockchain Platform:

• Serves Industries Involved in Management of Digital Assets
• Private Ledger Type
• Emmy+ Consensus Algorithm
• Offers a Smart Contract
• Governed by Arthur and Kathleen Breitman, Johann Gevers

9. Tron Blockchain Platform

Tron is a blockchain-based decentralized digital platform that contains the TRX coin.

It aims to host a global entertainment system for cost-effective digital content exchange. In terms of market capitalization, it is the 31st most valuable cryptocurrency.

Tron eliminates the middleman by utilizing P2P networks and blockchain technology characteristics to allow content creators to sell their work directly to customers.

Features of Tron Blockchain Platform:

• Services in the Financial Sector
• Public Ledger Type
• DPoS Consensus Algorithm
• Comes with Smart Contract
• Super Representative (SR) and Super Representative Partner (SRP) Govern the Platform

Recommended Read: How to Create a Loan App

10. Hyperledger Fabric

Hyperledger Fabric aids in the development of blockchain-based solutions or building apps on blockchain utilizing a modular design. It is also one of the Hyperledger projects. Because of the architecture’s versatility, network designers can plug in whatever components they want.

The Hyperledger Fabric framework is designed for permissioned networks, enabling only recognized identities to join. They must be approved and possess the necessary credentials. They must be approved and trustworthy in order to participate in the blockchain.

Features of Hyperledger Fabric:

• Serves Cross-Industry
• Permissioned Ledger Type
• Pluggable Framework for Consensus Algorithm
• Integrated Smart Contract
• Has Linux Foundation Governance

11. BlockCypher Blockchain Development Platform

BlockCypher is a simple, mostly RESTful JSON API for interacting with blockchains that may be accessible through HTTPS or HTTP from the api.blockcypher.com domain. BlockCypher is one of the cloud-optimized open source blockchain platforms that ensure the stability of bitcoin apps.

Features of BlockCypher Blockchain Development Platform:

• Cross-Industry Services
• Permissioned Ledger Type
• RESTful JSON API for the Consensus Algorithm
• Offers a Smart Contract Feature
• Governed by DGBB

12. Oracle Blockchain Platform

It’s a blockchain network provisioning cloud platform with a complete distributed ledger. It also uses smart contracts to query and update the ledger, which it deploys and runs. The most popular blockchains network console for integrated operations is held by Oracle Blockchain Platform. It enables you to start designing apps in minutes and keep up with the proof of concept.

Features of Oracle Blockchain Platform:

• Serves Cross-Industry
• Permissioned Ledger Type
• Raft Consensus Algorithm
• There Is a Smart Contract
• Governance Is Managed by Oracle

13. Ripple Blockchain Platform

Ripple offers RippleNet to connect payment providers, banks, digital asset exchanges, and corporations. It is a blockchain network with no chargebacks. Furthermore, it enables global payments via Ripple, a digital asset that is one of the most widely used cryptocurrencies today.

Features of Ripple Blockchain Platform:

• Offers Services in the Financial Sector
• Permissioned Ledger Type
• Probabilistic Voting Consensus Algorithm
• No Smart Contract
• Ripple Labs Specialises on Governance

Recommended Read: P2P Payment App Development

14. Quorum Blockchain Platform

Quorum, like Ethereum, is a blockchain platform that is open-source and free to use. To handle diverse transactions per second, it employs a variety of vote-based algorithms. The best blockchain networks that use Quorum are not open to everyone because they were designed to be permissioned. It is capable of building apps on blockchain handling them that require high-speed private transactions and throughput processing.

Features of Quorum Blockchain Platform:

• Offers Services Cross-Industry
• Permissioned Ledger Type
• Majority Voting Using a Consensus Algorithm
• No smart contract
• JP Morgan Chase and the Ethereum Developers Govern Its Functioning

15. Iroha Hyperledger

Hyperledger Iroha is a modularized and simple distributed ledger system based on Yet Another Consensus, a fast and highly secure consensus algorithm that protects Iroha networks from failures or nodes.

Features of Iroha Hyperledger:

• Offers Services Cross-Industry
• Permissioned Ledger Type
• Chain-based Byzantine Fault Tolerant
• It Offers a Smart Contract
• Linux Foundation Governance

Read Also: P2P Cryptocurrency Exchange Development Cost & Key Features

16. Centrifuge Blockchain Platform

The centrifuge is a platform that enables the building of distributed blockchain systems on the Polkadot and Kusama networks. As a result, once it becomes a parachain and gains access to Polkadot, it will be able to interact with it smoothly.

Polkadot’s Relay Chain benefits from its consensus and security standards.

Features of Centrifuge Blockchain Platform:

• Management of Digital Assets
• Permissioned Ledger Type
• Consensus
• There Is a Smart Contract
• Radial Governance (RAD)

17. Consensys Quorum

It makes it easier for businesses to use Ethereum for their popular blockchain applications. For building apps on blockchain that are configurable and high-performing, businesses can rely on the Quorum open-source protocol layer and combine product modules from ConsenSys, in-house development teams, or other firms on top of it.

Features of Consensys Quorum:

• Works for Cross-Industry
• Permissioned Ledger Type
• Majority Voting Using a Consensus Algorithm
• No Smart Contract
• JP Morgan Chase and the Ethereum Developers

18. Corda Blockchain Platform

Corda is a prominent blockchain platform that enables institutions to deal directly with smart contracts, removing costly frictions from commercial transactions. It works in a permissioned manner and improves the user’s experience.

It works in a permissioned mode, which improves privacy and gives digital records fine-grained access control. Furthermore, Corda is a permissioned blockchain, meaning that only authorised users have access to the data, rather than the entire network.

Features of Corda Blockchain Platform:

• Services in the Financial Sector
• Permissioned Ledger Type
• Pluggable Framework for Consensus Algorithm
• Yes, there is a smart contract.
• R3 Consortium for Governance

19. EOS Blockchain Platform

EOS is a blockchain platform designed for the creation of decentralized apps. It is aimed at offering businesses advanced solutions such as dApp hosting, smart contract power, and decentralized storage. It also eliminates user fees, so anyone who wants to profit from an EOS-based dApp can do so for free.

Features of EOS Blockchain Platform:

• Offers Cross-Industry
• Permissioned Ledger Type
• Delegated Proof-of-Stake using a Consensus Algorithm
• There Is a Smart Contract
• EOSIO Core Arbitration Forum (ECAF) Governance

20. Stratis Platform

Stratis is a strong and scalable Blockchain Development Platform designed for real-world enterprise and financial services demands. The Stratis architecture is built on the Bitcoin blockchain, which is the most secure blockchain to date. Furthermore, it provides a feature-rich ecosystem with SDKs and tooling that enables solutions to be produced with confidence.

Features of Stratis Platform:

• Enterprise Application with an Industry Focus
• Permissioned Ledger Type
• C# and .NET Consensus Algorithm
• Offers a smart contract
• Governance Is Taken Care by Microsoft

Read Also: How Much Does It Cost to Develop a Bitcoin Mobile App

21. Multichain Blockchain Development Platform

This blockchain platform enables businesses to design and deploy blockchain apps more quickly. On a blockchain, it creates multiple key-value, identity databases, or time series. It’s great for timestamping, data sharing, and archiving with encryption.

Features of Multichain Blockchain Development Platform:

• Offers Cross-Industry Services
• Permissioned Ledger Type
• Bitcoin Core Split Algorithm
• Comes with a smart contract.
• Coin Sciences Ltd. is governed by a board of directors

22. OpenChain Blockchain Platform

OpenChain is an open-source distributed ledger system that is best suited for companies that need to manage digital assets in a scalable and safe manner. It employs Partionned Consensus, in which a single instance has sole authority over transaction validation.

Features of OpenChain Blockchain Platform:

• Management of Digital Assets
• Permissioned Ledger Type
• Partitioned Consensus Algorithm
• Has a Smart Contract Integrated
• Governance Is Managed by CoinPrism

23. Xooa Blockchain Development Platform

Through an easy-to-use and simplified interface, this blockchain platform empowers users of all blockchain knowledge levels to construct NFT marketplaces and other blockchain apps on the cloud. Xooa’s API gateway, low-code tools, and other strong features can help you achieve a ten-fold faster time-to-app.

Features of Xooa Blockchain Development Platform:

• Cross-Industry Services
• Public Ledger Type
• Xooa API Gateway Consensus Algorithm
• Contracts with Intelligence

24. Ethereum Blockchain Development Platform

Ether is Ethereum’s native coin, and it’s excellent for powering the Ethereum ecosystem. It’s a permissionless (public) blockchain network built for limited access rather than widespread consumption. It’s also a PoW (Proof of Work)-based platform, therefore it’s a little slower in terms of performance. For running the apps and completing transactions on the Ethereum network, a developer who uses this platform must pay fees in Ethers.

Features of Ethereum Blockchain Development Platform:

• Serves Cross-Industry
• Permissionless ledger type
• Proof of Work with a Consensus Algorithm
• Comes with an In-built smart contract.
• Ethereum Developers Governance

25. Dragonchain Blockchain Development Platform

It’s designed to give businesses and blockchain developers the tools they need to create blockchain apps in minutes. It is a private/public hybrid platform designed primarily for businesses that offer excellent performance and is simple to use for developing and deploying the most popular blockchains applications and microservice-based smart contracts.

Features of Dragonchain Blockchain Development Platform:

• Government Agencies with an Industry Focus
• Permissionless ledger type
• Consensus Algorithm JSON with standardized structure
• Smart Contract

26. NEO Blockchain Development Platform

The NEO coin serves as its base asset, and it is designed to develop scalable dApps. The NEO token is perfect for creating GAS tokens, which are used to pay transaction fees for using the network’s apps.

Features of NEO Blockchain Development Platform:

• Serves across Cross-Industry
• Permissionless ledger type
• dBFT Consensus Algorithm
• Yes, there is a smart contract.
• Governance GAS

These are some of the best blockchain development platforms that make it possible for developers to bring to the screen the best solutions.

Now that you know the most popular blockchain platforms, the next big question that you may face is how to choose the right one that can help you take over the market in a few clicks.

How to Choose the Best Blockchain Development Platform?

All that is done or thought of should be recorded in a database with a proper timestamp so that it is known when was thought of or initiated. The process of blockchain in ever-increasing as the record of each blockchain is recorded and each timestamp has a link to the old blocks, forming a chain between them.

These are interrelated transactions spread over several computers. Now, choosing the best blockchain app development for a business can be quite some task unless you know about it well. In this article, we are going to read about how to go about choosing a blockchain and the factors that contribute to the choosing of a blockchain.

• It should be selected according to your business type. If you want privacy and want to protect a person’s personal information, then you must go for a private blockchain platform, and vice versa, a public platform should be opted for in case of maintaining transparency among the public groups.
• Scalability is another point that should be considered before choosing a platform for your business. While Bitcoin and Ethereum do not have a high transaction speed as PayPal and Ripple, one must consider these according to the speed they are expecting in their future transactions.

Measures behind Selecting a Blockchain Platform

There are various factors to consider while selecting a blockchain platform. Let’ look at these factors in detail below:

• Experience required by a developer: It is important to know the amount of time a developer will take to understand the platform and work on it. The novice developer should understand it and start working on it immediately.
• Scalability of the platform selected.
• Information construction: The quality of the documentation of the platform along with other details like the construction, structure, and documentation also plays an important role in selecting the platform.
• Adoption rate: This is to figure out the strength of the community.
• Developer tools: This is to make sure that the supporting developer tools are available and to take the developer experience a notch higher.
• The last measure is to make sure of the incentivization programs.

Long Story Told Short!

The journey for blockchain applications is a rollercoaster ride for now. If you want to enter the market with solutions that can help you gain customers and bring out-of-the-box solutions, simply hire the best blockchain app development company to help you earn great profits. If you are looking for a top app development company then contact us.