List of 10 Best Blockchain Tools
No doubt that there are plenty of blockchain platforms available across the world, enterprises need to understand the right platforms to build highly scalable applications. Therefore, we have discussed the platforms used by the top blockchain companies including IBM, Intel, Microsoft, and so on. As one of the leading blockchain companies, we provide blockchain consultation to our clients and help them select the right blockchain platform and technology stack that meets their business needs.
Once you let us know your requirement, our technical expert will schedule a call and discuss your idea in detail post sign of an NDA. Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies.
It is mandatory to procure user consent prior to running these cookies on your website. Talk to our Consultant. Now, the question is… What is a blockchain platform?
How to select a Blockchain Platform for your business? Akash Takyar. Akash is an early adopter of new technology, a passionate technology enthusiast, and an investor in AI and IoT startups. Write to Akash. What is the development status of a platform? What type of Blockchain do you require?
What Languages does the platform support? How popular is the platform? Look at the reputation of a blockchain platform on websites like GitHub or Reddit.
What Blockchain Consensus Protocol does the platform use to achieve consensus? Does the platform support Smart Contracts Functionality? What kind of scalability does your solution need? Hyperledger Fabric. Hyperledger Sawtooth.
Hedera Hashgraph. Hyperledger Iroha. Here is the comparison of best blockchain platforms used by companies for building blockchain based applications. Having the capability to handle hundreds of thousands of transactions per second and authenticate more than one million signatures per second, time to finality for the Hedera platform is measured in seconds; not minutes, hours, or days. Fair Hedera Hashgraph is fair, ensuring the consensus order of transactions which represents the transaction order received by the community.
The platform makes sure no single user is allowed to block the transactions flow into the community. Secure As Hedera Hashgraph is an asynchronous Byzantine fault tolerant, Hedera Hashgraph has the strongest level of security. Achieving this level of security at scale is a fundamental advance in the field of distributed systems. Transparent Process While the transactions on Fabric might be obfuscated, the development process is not. In fact, the core teams behind Hyperledger have worked hard to create a healthy balance between transparency in the development process and attaining important milestones.
Smart Contracts Hyperledger also uses chain code smart contracts just like Ethereum does. Features The EOS platform provides the producers with a governance system which they can use to vote on to validate transactions, edits made to the source code of the platform and confirm whether an application is performing correctly.
Authenticity The platform offers a fully-featured authentication platform to the users where each account will be given a different permission level to save data in a secure manner.
Using blockchain, assets digitization can be trustful, transparent, traceable, free of intermediaries and decentralized. Users can register, trade and transfer different types of digital assets on the Neo platform. Digital Identity Identity information that remains in the form of electronic data is referred to as digital identity.
This award-winning software development company was established in , and it has produced several digital platforms on the cloud, mobile, blockchain, and IoT. They have also specialized in blockchain development on a different framework, dApps, and smart contracts.
Website: LeewayHertz. This company is based in Norway and was launched in for helping clients understand and use blockchain technology. They work to promote blockchain through cooperation with private and public institutions to define the future of blockchain. Their services also include lectures, workshops, consulting, blockchain development, banking software development, front-end services, etc.
Headquarters: Oslo, Norway. Website: Blockchangers. Techracers is now rebranded to Deqode. Deqode provides blockchain solutions to businesses for solving complex problems. It will help businesses to optimize their business processes and encourage business growth. It provides solutions to Enterprises, Startups, and labs. Headquarters: Wilmington, Delaware. Website: Decode. This blockchain development company was established since to develop a blockchain platform that works with private and public sectors to build smart contracts and other decentralized blockchain applications for mostly real estate and financial industries.
One of their major achievements was to build the Green Asset Wallet which is a platform that connects green investors with potential investment opportunities.
This initiative contributed to the achievement of the objectives of the Paris Climate Agreement. Their main service focus is on blockchain as a database, they introduced postchain, a distributed database management tool with distributed control.
Their services include blockchain development, digital currencies, tokenization, consortium database, etc. Headquarters: Stockholm, Sweden. It also has offices at Taipei and Palo Alto. Website: Chromaway. This company works with clients globally in order to build innovative blockchain solutions and products. It also enables them to utilize an existing blockchain solution to grow their businesses and lower expenses. It creates new business tools for clients based on the revolutionary decentralized networks that can transform businesses.
This Danish blockchain company was founded in by Ronny Boesing. Headquarters: Denmark. It is also located at Belarus. Website: OpenLedger. Ezetech is a web development and Tech Company that was launched in and works with non-technical companies that want to startup blockchain projects. It offers IT consulting to non-technical entrepreneurs in New York and helps them to resolve technological challenges. The functionalities of Solidity include statically typed and support for libraries, complex user-defined types, and inheritance.
Solidity is compatible with the OOP paradigm, thereby serving as the best alternative for smart scripting contracts. Solidity enables blockchain developers to create applications with self-enforcing business logic integrated with smart contracts. As a result, blockchain developers can ensure an immutable and authoritative record of transactions in the solution.
The applications of Solidity are largely evident in use cases that involve blind auctions, voting, multi-signature wallets, and crowdfunding. In reality, Ethereum nodes can come with solc. But the solc package is just a standalone module so you can even use this tool offline. Remix IDE is one of the common names that come among the best blockchain tools for It is a browser-focused blockchain tool that supports the processes for developing and deploying smart contracts.
In addition, Remix can also help in addressing the functions of writing smart contracts in Solidity and testing, debugging, and deploying them. Users can also prefer to use Remix locally or through the browser, depending on their preference. Most important of all, Remix provides comprehensive and simple documentation for facilitating seamless connection to Ethereum blockchain by leveraging Metamask.
If you look for Ethereum wallets in the existing market, you are likely to come across the Mist as one of the top alternatives. The striking factor about Mist that brings it among the best blockchain tools is the tag of Ethereum with it. Before using Mist, users should have a designated place for storage of Ether tokens and execution of smart contracts. Mist supports both the 32 and bit versions of Windows, the 32 and bit versions of Linux and Mac operating systems. Mist presently serves as the ideal choice for the deployment of smart contracts and is also a full node wallet.
So, users would have to download the complete Ethereum blockchain that is more than 1TB in size. Furthermore, users have to remember their Mist password always because they can never change it.
One of the notable competitors among the top blockchain tools refers to Truffle. It is an Ethereum blockchain framework tailored for establishing a development environment to facilitate the development of Ethereum-based solutions. Truffle also includes a massive library of custom deployments that support writing new smart contracts and resolve challenges in blockchain development. In addition, Truffle is also ideal for the development of complex Ethereum decentralized apps.
Another prominent functionality of Truffle as a blockchain tool is automated contract testing. Truffle can leverage Mocha and Chai for automated contract testing. Furthermore, Truffle can also help in enabling the development of smart contracts followed by linking them and their compilation and deployment.
Most important of all, Truffle also facilitates a configurable build pipeline to ensure the execution of custom build procedures.
Wondering how Blockchain has gained so much popularity in less time? Go through the top Blockchain features and get the answer. Presently, the adoption of blockchain technology largely revolves around cryptocurrencies. So, wallets are also accounted for as best blockchain tools, and Metamask has some unique functionality beyond that. It serves as a connection between a browser and an Ethereum blockchain.
Metamask also provides a software platform for serving Ether or other ERC assets. At the same time, it also helps you interact with Ethereum decentralized apps. The browser-based functionality delivers a potential boost to ease of use for Metamask.
If you are not comfortable with Linux-based OS, then you can also choose Windows as the operating system for your node. A blockchain instance is now required to be created.
Creation and management is done based on the platform of your choice. Here, you can configure different aspects of the instance including the asset issuance, asset re-issuance, permissions, key management, atomic exchange, native assets, key formats, block signatures, and more!
This step is very crucial. Now that you have your blockchain instance up and running, it is now time to manage the application programming interface APIs.
There are already pre-made APIs depending on the platform of your choice. This means that some platforms might not offer APIs at all. So, why do you need API for? Well, you need them to do the following.
With the backend setup, it is now time for you to design the interface for the admin and the users. For the admin interface, you need to provide as much information as possible to the admin while making sure that you do not overwhelm the interface with unnecessary information.
For the user, you can decide to showcase the important things only. If you are in a permissioned network, you can decide to show them KYC information, their status with the network, their roles, and other vital information.
You can use any of the front end programming languages out there. The last step is to finalize the project. Here, you need to ensure that your blockchain network is running as intended by monitoring it non-stop. Also, make sure that you keep working on your blockchain network. You may also want to add future tech to your blockchain such as analytics, cloud, artificial intelligence, and so on!
In this section, we will cover important points about creating a blockchain for financial products. Financial products are different compared to other types of products and hence require different forms of planning and execution. Infact, the financial sector is the most-ready industry out there that is ready for blockchain.
Even the first use case for blockchain is a crypto-coin bitcoin which changes how two parties connect and transfer funds to each other. FinTech is one of those sectors that always suffer from some sort of fraud or foul play. This is because of the fact that people are willing to do the wrong things just to make more money. By using blockchain, parties can work without any intermediaries and hence can save energy and cost associated with doing the transaction. But, not every fintech product should adopt blockchain so early.
Below are the reasons why you should try to invest in the blockchain:. There are of course many cases where blockchain is not a good option. For example, if you are limited in your resources, then it is not wise to go for blockchain.
Blockchain engineers are not cheap and it also takes a lot of effort to maintain the blockchain. Also, a blockchain implementation means a lot of changes to how operations work, and that could be too much for employees or the end-users who interact with the system. Lastly, it is not advisable where your Fintech product is looking for short-term goals.
Blockchain, due to its implementation difficulty and cost involved, makes it always a long-term strategy for any business out there. Well, if you are someone who wants to get into the nitty-gritty of creating your own blockchain, then this section is for you. The good news is that we have already written a complete tutorial on how to build a blockchain in Python. Check out the infographic we created to give you a glimpse of what you can expect from the tutorial. So, what do you need to get started?
Well, if you have some programming experience, then you can follow the tutorial. If you do not have any prior programming experience, then you can find tons of tutorials online where you can learn how to code. We recommend you start with Python Documentation. Moreover, you also need to learn Flask — a Python micro-framework. To gist the whole development process, you need to create a block with five key variables. Also, the important function that you need to create in your blockchain include.
There are also popular Blockchain-as-a-Service BaaS platforms out there. These BaaS platforms are third-party and help you to manage and create blockchain networks. It is a cloud-based solution where companies provide the necessary tools and infrastructure to host blockchain networks. These BaaS are very useful for businesses as it gives them the ability to create new blockchain networks and apps on it without the need to create the infrastructure for them. They also do not have to spend on maintenance for these deployments as the company offering the service does all those stuff.
There can be any reason to know more about Blockchain technology and its top companies. Though blockchain is a part of the emerging technology, it is hot, and many are stirred towards benefiting from the technology. It is a phenomenon that is transforming, not only the financial industry but also other key sectors like, the health industry, media, aviation, and even the government parastatals. A lot of questions have been asked about blockchain, but before we see the answers to them, let us first see what blockchain is.
You may have heard about blockchain in connection to bitcoin and other cryptocurrencies but it is actually more than that, it is a decentralized technological system in which the transactions made in digital currencies are recorded and kept in several computers that are linked together. It is a growing list of a record called blocks, linked with cryptography and function as a distributed ledger, managed by a peer-to-peer network, linked to a protocol for inter-node communication and building new blocks.
Blockchain has been in existence as a concept in computer science even before it was used in cryptocurrency. The initial form of blockchain was known as the hash tree or Merkle tree, patented by Ralph Merkle in It functioned by verifying and handling data between computer systems.
The newest record in the chain will contain the history of the entire chain, and this is how blockchain was formed. In , a set of people known as Satoshi Nakamoto came up with a concept of distributed blockchain which would contain a secured history of data exchanges. It functions through a peer-to-peer network to time stamp and verify exchange transactions and could be managed independently without a central authority.
The blockchain records and maintains all the data exchanges, and this record is known as a ledger and the exchange data recorded in this ledger is known as transactions. When a transaction is verified, it is added to the ledger as a block, and a peer-to-peer network of nodes is verified using a distributed system.
When a new transaction is verified, it is added to the blockchain and can never be altered. It connects through so many computers that are known as nodes, and each has a copy of the blockchain.
The nodes ensure that the transactions are not altered by inspecting the hash, a transaction is written into the block only if it was approved by a greater number of nodes. Each block refers to the previous one, and together form the blockchain.
The blockchain updates itself every ten minutes. So far we have seen what blockchain is, how it came about and how it functions, etc.
You may be thinking of engaging the services of a blockchain company, but before you do that there is a need for you to check the kind of service they provide.
When we talk about blockchain services, it is not only limited to bitcoin and other cryptocurrencies, but it can also be used in so many other ways. The technology industry has discovered so many applications of blockchain in finance and other key industries. Blockchain distributed ledger technology can be used to increase transparency in data management and reduce fraud. It allows all customers to access a cloud-based solution, to build, host and use their own blockchain apps, smart contract and other functions on the blockchain system while the blockchain company takes care of all the activities involved in maintaining the functionalities.
Enlisted below are the most popular Blockchain Technology Companies and service providers providing Blockchain Services. In the below table, you will be able to find the top blockchain companies and services in just a glance. ScienceSoft offers high-quality development of custom blockchain-based enterprise solutions i. The extensive experience in related areas, such as Web and Mobile development, Cloud services, Cryptography, and IoT, enables the company to provide qualified help in end-to-end blockchain application development.
Headquarters: McKinney, Texas. It aims to deliver the solution faster. This American fintech company which was founded by Brad Garlinghouse in , developed the Ripple protocol and exchange platform that provides cross-border payment solutions via blockchain technology.
Ripple offers a real-time payment system that enables banks and other financial service providers to transact directly with each other without a third-party correspondence.
They connect banks, other financial service providers, and world trade organizations through its global payment system RippleNet.
Ripple enterprise software solution xCurrent enables banks to track their end-to-end transactions. Its xRapid enables banks to solve the liquidity issues by using its token XRP as a bridge between currencies, in order to facilitate cross-border transactions.
Website: Ripple. It is a blockchain company that specializes in building blockchain applications for startup and enterprises. This award-winning software development company was established in , and it has produced several digital platforms on the cloud, mobile, blockchain, and IoT.
They have also specialized in blockchain development on a different framework, dApps, and smart contracts.
Website: LeewayHertz. This company is based in Norway and was launched in for helping clients understand and use blockchain technology. They work to promote blockchain through cooperation with private and public institutions to define the future of blockchain. Their services also include lectures, workshops, consulting, blockchain development, banking software development, front-end services, etc. Headquarters: Oslo, Norway.
Website: Blockchangers. Techracers is now rebranded to Deqode. Deqode provides blockchain solutions to businesses for solving complex problems. It will help businesses to optimize their business processes and encourage business growth.
Like what you’re reading?
TOP BLOCKCHAIN PLATFORMS OF 2021
On the other hand, if your best is transaction intensive, ensure to determine side-chain implications for security and assess blockchain transaction fees. Blockchain product: Supply Chain Solution. There are two different situations at work here. Simplicity is a high-level Blockchain development language that was created for smart contracts. Some companies, keenly aware of the growing importance of develop Blockchain technologywill upskill individual employees, empowering them to handle the new tech.
Develop is one of the most well-used blockchain development tools and is used by many familiar names, including Shapeshift and BitGo. Embark handles smart contract migration if there are multiple contracts, automatically redeploys blockchain as needed and watched for changes. Kyiv, Ukraine. The next best is to choose the consensus mechanism according develop your requirement. Generally, blockchain is best suited in the following blockchain. Remix is a compiler and debugging tool. Here is a list of best blockchain technology companies of