In addition to its versatile capabilities, blockchain technology still has the potential for growth. Blockchain platforms enable blockchain developers to develop apps to enhance and expand the uses and tools of the technology. Despite their cutting edge technology, blockchain platforms’ pros and cons still need to be considered when you intend to be involved in the blockchain industry.

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The Most Relevant Platform Overview For
Blockchain Developers in 2020
Blockchain is amongst the cutting edge technology that has the potential to
revolutionize aspects of our daily lives. Blockchain has had a great impact on the
financial industry and is now moving towards impacting other industries as well.
Blockchain technology, or simply Blockchain, is the documentation system that
supports cryptocurrency technology. It is essentially a decentralized and
distributed record-keeping system that keeps track of all electronic bitcoin
transactions.
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Blockchain is amongst the cutting edge technology that has the potential to
revolutionize aspects of our daily lives. Blockchain has had a great impact on the
financial industry and is now moving towards impacting other industries as well.
Blockchain technology, or simply Blockchain, is the documentation system that
supports cryptocurrency technology. It is essentially a decentralized and
distributed record-keeping system that keeps track of all electronic bitcoin
transactions.
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Why Blockchain Technology?
Its use is so widespread that, as of September 2018, there have been over 28
million blockchain wallet users worldwide. Since its conception, around 41 million
people are using Blockchain wallets and have tracked over 200 billion USD worth
in financial transactions. There is also an increasing number of countries exploring
the possibility of adopting cryptocurrency, with over 140 countries reached by
blockchain technology.
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Wide - Range Of Application
Due to its capacity to store transactional data, blockchain technology has been
applied to various other industries and applications.
· The financial industry, banks, and cryptocurrency have benefitted the most
with the use of blockchains.
· Blockchains has now expanded towards storing and keeping track of
medical records for healthcare providers.
· Property record management has also used blockchain to improve its
monitoring and documentation of property record usage.
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· Contractual transactions and agreements can also be verified negotiated
using Smart Contract, which is a code that can be incorporated into blockchains.
· Supply chain use and management have also incorporated blockchains to
improve tracking of food and material movement. >
· In 2018, blockchain was used during the midterm elections West Virginia to
store votes and increase voter turnout. If adopted in a larger setting, it has the
potential to eliminate election fraud and tampering, as well as boost efficiency and
transparency.
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Top Blockchain Platforms For Developers
In addition to its versatile capabilities, blockchain technology still has the potential
for growth. Blockchain platforms enable blockchain developers to develop apps
to enhance and expand the uses and tools of the technology. Despite their cutting
edge technology, blockchain platforms’ pros and cons still need to be considered
when you intend to be involved in the blockchain industry.
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Developed in 2013, Ethereum provides developers with an open platform to build
and execute a decentralized application on blockchain technology. Each node on
the Ethereum runs its virtual machine environment for a smart contract.
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Ethereum
Ethereum utilizes its cryptocurrency, Ether, and a Proof-of-Work based
consensus system. The platform is open-source and has large support and
following on Github. Ethereum provides a platform to build applications that are
open for public use and applicable to multiple industries.
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Hyperledger
Hyperledger is an open-source blockchain platform where blockchain
developers and institutions collaborate. This platform is focused on the
development and enhancement of a wide-array of cross-industry blockchain
technology. The platform aims to develop enterprise-level distributed ledger
frameworks for more secure and enhanced business transactions.
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Ripple
Across blockchain platforms, Ripple performs and is as popular as Ethereum or
Bitcoin. Developed in 2012, Ripple is a blockchain platform focused on
developing and enhancing financial tools and technology. RippleNet, a blockchain
network developed to link together corporates and banks with service providers
globally.
This network helps manage and enhance the various digital financial transaction
like digital asset exchanges and payment transactions. The network is scalable
and secure, as well as interoperable with various other networks. RippleNet
utilizes a digital asset named Ripple or XRP for its transactions.
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R3 Corda
R3 Corda blockchain platform technology improves the efficiency of
financial transaction by allowing direct transactions between smart contracts
and users. With this approach, business processes and transactions are
streamlined and operational costs are lessened.
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The R3 consortium is the result of the collaborative work between various
prominent financial institutions. They aim to improve and enhance blockchain
technology for the financial sector. The consortium provides 2 major blockchain
platform projects. First is Corda, which is an open-source cross-industry platform
available through Github and Corda Enterprise. The second project is a
commercial and enterprise version of Corda.
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R3 Corda
R3 Corda blockchain platform technology improves the efficiency of
financial transaction by allowing direct transactions between smart contracts
and users. With this approach, business processes and transactions are
streamlined and operational costs are lessened.
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With the growing demand for Blockchain and its implementation in a different field,
lawyers knowing this domain will have an extra edge over the others who are still
naïve to the technology.
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Multichain
Geared towards the development of private blockchains, Multichain provides the
environment to build secure and permissioned networks. Multichain can be
used to build cross-industry applications with a distributed consensus algorithm. It
has a strong Github community and is free and open-source. The blockchain
platform supports C, C++, Python, and Javascript programming languages.
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Multichain
Geared towards the development of private blockchains, Multichain provides the
environment to build secure and permissioned networks. Multichain can be
used to build cross-industry applications with a distributed consensus algorithm. It
has a strong Github community and is free and open-source. The blockchain
platform supports C, C++, Python, and Javascript programming languages.
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Wrap -Up Thoughts
Blockchain has grown over the years and is presumed to expand over the
following years. Such technology has the potential to change how we work,
transact, and accomplish processes and tasks every day. Such growth can be
attributed to the quality of developers that continuously push the limits of
technology.
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There are several benefits from hiring a blockchain developer to build your
blockchain tools and technology. What blockchain developers do and envision
impacts how blockchain technology can be molded and improved.
Collaborating and strategizing with these developers can lead to enhanced
business processes and reduced operational costs..
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Understanding what you need from a blockchain developer and choosing among
the blockchain platforms for developers best fits your needs are essential steps
that you need to take. Just understand that no matter the popularity of the cutting
edge technology, you need to carefully assess each blockchain platforms’ pros
and cons to see which best work for you and your team of blockchain developers.
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Blockchain Council Certifications
You can check out our certifications, and kick start your career in the Blockchain
space today.
● Certified Blockchain Expert
● Certified Blockchain Developer
● Certified Smart Contract Developer
● Certified Solidity Developer
● Certified Ethereum Developer
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Any questions?
You can mail us at
hello@blockchain-council.org
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