5 Top Managed Blockchain Solutions in 2024
International blockchain revenue is expected to grow at a compound annual growth rate (CAGR) of 56.3% to reach $163.83 billion by 2029. As 2025 is approaching, the demand for blockchain technology is climbing mountains. Enterprise leaders, finance institutes, and startup founders are inclined towards managed blockchain solutions because of their promising security, transparency, and efficiency.
Using blockchain technology effectively without having to deal with the headaches of building and maintaining your infrastructure is possible with managed blockchain solutions. Top managed blockchain solutions for 2024 are listed here.
What Is Managed Blockchain Solutions?
Thanks to Managed Blockchain Solutions, enterprises can inherit the inbuilt security, scalability, and efficiency resulting from the use of a decentralized system. With their readymade infrastructure, one can use the system without worrying about maintenance for the same.
5 Top Managed Blockchain Solutions in 2024
Several platforms have stood out for their innovative features and wide-ranging applications. Here are top-managed blockchain solutions that are shaping the future of decentralized networks.
1) DLTStack
DLTStack is a single place providing all end-to-end blockchain development tools and services. Its features make it easier for enterprises to build and deploy decentralized applications. DLTStack allows developers to easily create smart contracts and design custom networks with its user-friendly interface and less coding. More specifically, it offers flexibility, the ability to work with numerous blockchain protocols, and ease of connecting to existing systems.
2) Amazon-managed blockchain
Amazon Managed Blockchain provides AWS power to manage blockchain services. It provides full management of blockchain services for businesses in developing and managing a blockchain network with zero operational overhead. It supports some well-known frameworks such as Hyperledger Fabric and . Amazon’s solution excels in supply chain management applications that offer real-time tracking and transparency.
3) Kaleido
Kaleido’s strongest USP is its ability to bridge multiple clouds and protocols to provide interoperability between different blockchain networks. Being an enterprise-grade blockchain platform, it expedites the process, making it stand out. Kaleido has enabled efficient cross-border payment systems along with a user-friendly interface and robust security features.
4) Alchemy
It is a favorite among developers for its powerful blockchain infrastructure and development tools. Alchemy provides advanced and enhanced APIs and analytics to simply the decentralized app development process. With its real-time alerts and debugging tools, development time has been reduced, and provides much better quality.
5) ChainStack
It offers a multi-protocol and multi-cloud blockchain infrastructure platform that fulfills both public and private blockchain deployments. ChainStack deploys nodes across multiple cloud providers, ensuring high availability and geographic distribution. Its flexible pricing model and support for multiple protocols make it an attractive option for businesses exploring blockchain technology.
How Does a Managed Blockchain Work?
Businesses can build and maintain their blockchain network without worrying about a support environment using managed blockchain solutions. This innovative solution automates the setup, configuration, and maintenance of the blockchain environment. This is how businesses can focus on developing applications and other important business operations. Managed blockchain solutions generally offer features such as node provisioning, network management, and built-in security layers. Moreover, it also supports various blockchain frameworks, offering flexibility to choose the most suitable protocol depending on the use case.
Benefits of Managed Blockchain Solutions
The biggest advantage of having a managed blockchain solution is that businesses can build a blockchain network without worrying about technical issues. These are some main advantages of using managed blockchain solutions.
Businesses that don’t have the resources to maintain their blockchain network should go for managed blockchain solutions because they offer a pay-as-you-go or subscription model for charges.
Blockchain solutions are known for their robust security measurements. Businesses can secure their data and transactions with managed blockchain solutions.
Managed blockchain solutions provide features to scale the resources with the growing demand. They offer scalability along with optimal performance and efficiency.
Businesses will be assisted by experts for customer support and regular updates to make sure that the system is up-to-date and fully operational. Generally, blockchain development services provide ongoing support for your blockchain development project.
How Are Managed Blockchain Solutions Transforming Industries Worldwide?
Managed blockchain solutions provide efficient and secure solutions amongst different industry verticals. With the help of a blockchain development company, businesses can develop blockchain apps for their industries. Here are some of them:
Managed blockchain solutions have made cross-border transactions secure, easier, and faster. Moreover, they are responsible for streamlining the operation and reducing operational costs. With blockchain networks, risks for fraud activities have also been reduced.
Patient data security and data interoperability are being revolutionized with the help of managed blockchain solutions.
The integrity of clinical trials is one of the major concerns addressed by blockchain solutions.
Also Read | Use of Blockchain in Healthcare Industry
Educational institutes can store the data and records on a blockchain. With a managed blockchain solution, educational institutes can do a quick and reliable confirmation by having transparent and securely stored data.
The real-estate industry is revolutionizing with the smart contracts facilitated by blockchain solutions. Smart contracts automate secure transactions without the need for any intermediates. This accelerates the buying and selling process along with tamper-proof and verified property-ownership records.
Businesses can keep a record of every tiny record with the managed blockchain solutions. They provide security, simplicity, and accountability with business data and records.
With multiple nodes, a decentralized voting system can reduce the risk of attacks and tampering. Not only it reduces the risk but it can provide accessibility and convenience for voters. It is time-effective too as the time required in counting can be reduced too.
Also Read | How to Hire Best Blockchain Developers?
Challenges of Managed Blockchain Solutions
Managed blockchain solutions are not without limitations and challenges. The following are some of the main ones:
Technical Restraints
Technical limitations on managed blockchain solutions, such as a limit on the number of nodes that might alter the network’s throughput, may have a greater negative impact on the network.
Regulatory Challenges
Blockchain technology is relatively new and regulatory rules are still a variation. Businesses may face challenges in using blockchain solutions, as they have to follow the regulatory requirements for using blockchain solutions.
Adoption Barriers
One possible cause of barriers to managed blockchain systems is a lack of understanding and familiarity with the technology. With this, it is difficult to convince investors, which could result in a slower adoption rate.
Integration Challenges
Managed blockchain solutions might have trouble integrating with current procedures and systems, which would make it hard for companies to use the technology and necessitate a large investment in IT infrastructure.
But with the right technical partner and guidance, businesses can be prepared for upcoming challenges with solutions. and this is why businesses have to hire the right blockchain development company.
Hyperlink Infosystem is a blockchain app development company having 13+ years of experience in the industry. Hire dedicated blockchain developers with us who shall deliver innovative solutions as per the business requirements. From blockchain conceptualization to deployment, our team will take care of it all.
Originally published at https://www.hyperlinkinfosystem.com.
