Blockchain technology has become more than just a ledger system to record Bitcoin transactions. Nowadays, more companies and protocols are developing blockchain solutions for enterprises across multiple industries: finance, tech, supply chain, real estate, and much more.
However, the process of building web3 applications is complicated since it requires expert and talented individuals, and the costs are usually high. The global spending on blockchain solutions reached nearly $5 billion in 2020 and could grow to $20 billion by 2024. This rapid growth means there are many blockchain platforms out there, which can overwhelm developers.
Best Blockchain Solutions and Services for Enterprises in 2022
We have compiled the top 10 best blockchain development platforms so you can find the one that fits you best, including simple web3 app development services and excellent blockchains to develop decentralised applications from scratch
1. SIMBA Blocks
SIMBA Blocks is an enterprise-grade platform that provides blockchain solutions across multiple industries, including supply chain, food and beverage, aviation, automotive, manufacturing, healthcare, and government.
SIMBA Blocks is a Smart-Contract as a Service (SCaaS) by SIMBA Chain, a globally leading provider of blockchain enterprise solutions. Its approach presents a scalable solution designed to help enterprise companies easily migrate from web2 to web3.
SIMBA Blocks auto-generates APIs that support private, public or hybrid blockchains and allows clients to easily migrate to other blockchains if necessary. So far, the platform supports Quorum, Ethereum, Polygon, and Hyperledger Fabric but will be adding Corda and other protocols . The platform will add new protocols like Corda and SDKs in the future, providing enterprising companies with the necessary flexibility to grow and scale.
SIMBA Blocks is user-friendly, allowing any developer —not just blockchain developers— to use Web3 technology by simplifying the process of building and deploying smart contracts. Companies can leverage the platform’s Software Development Kits (SDKs) to build Web3 systems. This makes SIMBA Blocks a highly accessible cloud-based platform, no matter the level of the user’s blockchain knowledge.
Overall, SIMBA Blocks provides solution-specific modules for all kinds of use cases, whether NFTs, supply chain management, and more, ultimately saving enterprises up to $1.3 million in upfront expenses. The platform has already created proven solutions for several industries: for the US government with the US Air Force, the US Department of Energy, and the US Navyand with large-scale enterprises such as Boeing, CAT, DOW, and software companies such as Atomic Labs and BSSI.
SIMBA Blocks is currently the only company to offer Structured Data, SIMBA’s unique approach to annotating smart contracts at design. This functionality allows clients to conduct complex queries using APIs and extract valuable business intelligence and insights from on-chain data.
Kaleido is an enterprise-grade blockchain that offers Blockchain-as-a-Service (BaaS) for clients who want to transition and build Web3 businesses and applications from all sorts of industries: supply chain, healthcare, media, insurance, government, and banks and financial institutions.
In contrast to SIMBA Blocks, Kaleido is more focused on offering clients the ability to set up and manage their own nodes. Clients are not required to have extensive knowledge of blockchain technology since Kaleido offers a stack of development tools that are easy to use, allowing them to create fully customizable, private blockchains for their companies in a fast and cost-effective fashion.
Kaleido also offers clients a set of analytics tools to gain insights and monitor their blockchain networks; a robust interface to manage and organise blockchains; an end-to-end digital assets platforms to create, manage and swap cryptocurrency; the ability to integrate applications and processes to Web3, and more.
Alchemy is a multi-chain platform that offers enterprise companies Web3 development tools to build scalable and secure decentralised applications using the platform’s APIs.
Alchemy serves various enterprise companies from different industries, from DeFi and NFT platforms such as OpenSea and Polygon to Web2 companies like Meta, Shopify, and more. The platform has recorded over $100 billion from on-chain transaction volume and over 10 million end users worldwide.
Alchemy currently supports a variety of blockchain networks, from layer-1s to layer-2s, including Ethereum, Polygon, Solana, Arbitrum, Optimism, Astar, Starknet, Flow, and Crypto.org.
Unlike the first two options, Alchemy requires Web3 developers to build on its platform but simplifies the development process thanks to its vast suite of products. Alchemy provides tools for prototyping and debugging, the ability to manage and monitor dashboards, and much more, all in a safe, fast, and cost-effective fashion.
Another successful product is NFT API, which provides developers with the necessary tools to build NFTs in any project across all major blockchains out there.
Consensys offers a series of products to support projects building on the Ethereum ecosystem, such as MetaMask, uPort, Civil, and more. Two of its flagship products are Orchestrate and Quorum.
CodeFi Orchestrate is a software system that provides a simple way to build and run blockchain applications without the hurdles and advanced technical know-how of creating one from scratch.
- Orchestrate allows businesses to connect their applications to any Ethereum-based network simultaneously. The platform has several services for enterprise clients, such as:Private key management, Transaction management, Account management, and Smart contract management.
Orchestrate is built on Quorum, a high-performance open-source blockchain that provides developers with several tools and components to implement into their blockchain applications and make them come to life.
Quorum provides Ethereum-based blockchain solutions to enterprises across multiple industries, from real estate, syndicated loans, or crypto companies. These solutions come with encrypted private data, permissioning, and usage flexibility.
Quorum uses a different consensus algorithm compared to competitors, a mechanism called proof-of-authority (PoA), in which a small number of blockchain validators validate transactions within the network.
5. Chainalysis KYT
Chainalysis KYT (Know Your Transaction) is a blockchain platform that offers enterprises top-notch blockchain intelligence services.
The platform helps entities and developers streamline manual processes, comply with worldwide regulations, and gain exposure to emerging technologies such as DeFi. It also helps them to track and identify activity and patterns from illicit services like darknet markets, addresses coming from OFAC’s sanction list, freeze deposits from hacks or exploit, and more, and legitimate services such as NFT platforms, crypto bridges, merchant services, etc.
Other important use cases are: holistically monitoring the addresses controlled by an entity for real-time intelligence on the source or destination of their funds or participating in numerous DeFi and NFT activities.
6. Input Output
Input Output Global (formerly IOHK) is an engineering and blockchain infrastructure company behind the smart contract platform Cardano (ADA), founded by Charles Hoskinson and Jeremy Wood in 2015. The company provides blockchain solutions for clients from the private and public sector including enterprises, governments, and financial and academic institutions.
Cardano offers several blockchain-based products for enterprises looking to build their business in the nascent Web3 industry. Cardano is its flagship product, a smart contract-capable blockchain network for building decentralised applications and Web3 apps.
It also offers Marlowe, a domain-specific language for writing and running financial contracts, a full-node wallet that allows clients to manage an unlimited amount of digital wallets, and Atala, a self-sovereign identity platform that issues decentralised identifiers (DiDs) for verifying data and digital identity.
7. IBM Blockchain
IBM Blockchain is what’s best described as a “blockchain as a Service,” basically, a public cloud service created using the open-source platform Hyperledger Fabric.
IBM Blockchain provides developers with easy-to-use templates and tools to create their own blockchain networks and applications to help them conduct their business operations more efficiently and transparently. Its interface is also very user-friendly.
IBM Blockchain also allows developers to write smart contracts in multiple programming languages, including Java and Go. However, the platform is private and has a higher usage cost than most blockchains.
Deloitte is a blockchain solution that helps companies and organisations keen on exploring blockchain and how to use Web3 technology. Deloitte has an innovative, cost-efficient, flexible, and reliable design whose core products can be implemented across multiple industries, from retail, supply chain, automotive, financial, tech, healthcare, and more.
The Deloitte team is divided into different organisations to meet each industry. They help clients using blockchain solutions to help companies to develop products and re-engineer business processes using blockchain, as well as build blockchain prototypes with over 30 proof of concept solutions made for supply chain, finance, payment processors, and more.
Deloitte Lead clients towards the transition to Web3 by designing and executing plans as part of their journey, developing key strategies to pilot and integrate blockchain solutions for specific use cases, from business registry and licensing, cross-border payments, transaction reporting, loans management, auto lending, digital onboarding, and more.
Soramitsu is a Tokyo-based technology company that specialises in delivering blockchain solutions for enterprises, universities, and governments.
Soramitsu focuses mostly on CBDCs (Central Bank Digital Currency) and cross-border and domestic payment systems. One of its main products is Hyperledger Iroha, a blockchain solution that provides clients with a set of APIs to create private blockchains, set up and manage Iroha nodes, build client applications, and more.
Soramitsu collaborated with the National Bank of Cambodia (NBC) to launch Bakong, a blockchain payment system that offers clients a variety of features, from e-wallet management, mobile payments with low-cost and high-speed transactions, online banking and financial applications on iOS and Android.
10. Blockchain Foundry
Blockchain Foundry is a Canadian software company owned by WonderFi, a technology company that provides clients with access to digital assets, DeFi, NFTs, GameFi, from centralised and decentralised platforms.
Blockchain Foundry offers users and corporate clients blockchain-based solutions for their businesses and also allows them to develop web3 applications across different industries.
The company offers many features for clients looking to access the decentralised web and explore technologies such as DeFi, Non-Fungible Tokens, and crypto wallets, and also offers consulting services. Further, users can earn rewards while they learn via Metacademy, a free-to-use platform that offers educational and practical courses regarding all things crypto.
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