Blockchain applications

While building blockchain applications, you have to look for an idea, create a framework, and then execute it.

If artificial intelligence is the first biggest disruption that is taking the world by storm in the 21st century, then blockchain will surely stand as the second. It won’t be a surprise even if blockchain features outperform AI in the near future. By allowing digital information to be stored in a digital medium without being copied, blockchain technology is growing as a new type of internet. Born out of the bitcoin whitepaper, the blockchain applications are slowly invading every industry vertical. In a few years, we will experience blockchain as a part of our routine tasks like transactions, purchases, website searches, etc. Although many have heard about blockchain technology, not all of them have the capability to build blockchain applications. Only well-trained blockchain developers can engage in such tasks. However, similar to other application development, blockchain apps also need a core motto, necessary features, and perfect outcome while building it. In this article, IndustryWired has listed the top 5 tips that could help developers build blockchain applications effectively.

Tips to Effectively Build Blockchain Applications

 

Come Up with an Idea

Whether it is blockchain or any other application, developers should initially come up with an idea from where they can build a framework. If you are building a blockchain application for yourself, then you can opt for a personal idea. But if it is for your company, then the idea should focus on how the application can benefit your company. Initially, you can start with a simple idea and gradually grow its ground. You can also look into existing blockchain problems and formulate an idea to solve them.

Choose the Right Mechanism

The next step is to draw a framework on the way you want your blockchain application to unfold and choose a consensus mechanism that best suits your expectations. If you are developing a blockchain application for business, then Power of Work (PoW) application is not ideal as it requires powerful hardware and a lot of energy to run effectively. We have other distributed ledgers like Corda, Quorum, and Hyperledger which have outstanding consensus.

Pick the Suitable Platform

We encounter many blockchain platforms on the web today which can be used for building applications. Based on the consensus mechanism you choose, you need to select the suitable blockchain platform that will help you build a good blockchain application. Famous blockchain platforms like Chain Core, Domus Tower Blockchain, Credits, BigChainDB, Ethereum, Multichain, etc are used for application development.

Begin the Development Process

Once all the groundwork is done, you need to start developing the blockchain application. However, the application will solely depend on the language and the platform, and the consensus mechanism you choose. You will have to choose the perfect strategy of interactions and transactions among the node. Whenever everything is set, you can start building the application. Developing the application will have certain stages including business analysis, design, preparation stage, deployment, etc.

Finalize the Blockchain

After everything is put in place, the final step is to go through and check if the blockchain application has the ability to run without trouble. Even when the project is over, constant updates and random checks are necessary to maintain the sanity of the application.