Top 5 Blockchain Development Platforms To Watch Out For In 2023

Blockchain development has become massively popular amongst businesses belonging to various industries needless to mention because of its amazing features! Blockchain app developers are in huge demand as more and more businesses are looking to leverage features like security, immutability, decentralization, and much more!

But before you jump into building a blockchain app, here are the top 5 blockchain development platforms to watch out for in 2023:

• Ethereum:

We all know Ethereum as one of the primary & most popular platforms for blockchain development. This platform is going to be one of the top choices of blockchain development companies even in 2023! This platform is renowned for its scalability and smoothness in handling even very large scales of data transit, and it also supports smart contracts and DApps.

• Hyperledger Fabric:

If you’re looking to build a high-end blockchain application, then Hyperledger Fabric is a platform that you can consider in 2023. It uses a modular architecture to build mobile apps that allow better performance & scalability. It has permission membership that verifies every participant that joins the platform. The management of the supply chain is one of the most common applications of Fabric. Businesses can use it to follow the progress of their products from pickup through delivery at customers’ doorsteps.

• Ripple:

Ripple is the platform that can help you reduce the cost of blockchain development in 2023. It uses blockchain mining & consensus mechanism to validate transactions. It not only offers a very fast transaction speed (between 4–5 seconds), but the cost of completing the transactions is also very low, and thus many enterprises use it massively for cross-border transactions.

• Corda:

Corda is also a permission-based blockchain platform with its architecture built on peer-to-peer distributed ledger technology. It is a versatile platform with many features. For conducting transactions, this platform is fully compatible and interoperable with other blockchain networks. It provides excellent support for open-source blockchain development and keeps data fully protected from outside threats. For a variety of use cases, it offers enterprise-scale blockchain development capacity.

• Quorum:

Quorum is an updated version of Ethereum and thus can quickly and effortlessly adapt to Ethereum’s updates. Just like Ethereum, Quorum is also an open-source blockchain platform that is free to use. However, it processes more than 150 transaction requests per second using vote-based and a number of other unique algorithms. Because Quorum requires permission and its network infrastructure won’t be accessible to all users. It can control software and applications that require quick private transactions and great processing capacity.

So these are the top 5 blockchain development platforms that you can consider in 2023! To understand which platform will work best for your business & your niche, you can talk to a blockchain development company like Systango.

At Systango, we can assist you in how you can integrate blockchain and take your business to the next level. To know more, you can visit Systango.