The trend of blockchain dApps applications is booming with no signs of a slowdown. Businesses are flocking towards this technology for its scalability, transparency, and decentralization properties which can help them overcome many challenges they face with traditional centralized applications.
However, designing a robust blockchain app architecture is not an easy feat. It requires a good understanding of the technology and the various trade-offs involved. In addition, having a scalable architecture is essential for your blockchain application as it will help your business in multiple ways.
A scalable blockchain app architecture can help you save on costs. Traditional centralized applications often require a lot of expensive hardware and software to run correctly. With a blockchain application, you can run everything on a single server or even on a laptop. It can save you a lot of money in the long run.
In addition, a scalable blockchain app architecture can help you increase your revenues. Because of the nature of the technology, blockchain applications can often process transactions much faster than traditional centralized applications. It means that you can potentially make more money by processing more transactions in a shorter period. On this note, let's look at some factors that you consider while designing the architecture.
Factors to consider for blockchain app architecture?
To get started, here are the top essential factors that you can consider while designing an architecture:
Type of blockchain protocol:
Decide on the type of blockchain protocol you want to use for your application. The three most popular protocols are Hyperledger Fabric, Ethereum, and Corda.
Another essential factor to consider is the transaction speed. For some applications, it might be necessary to process hundreds or even thousands of transactions per second. It can be a challenge with traditional centralized databases, but it is possible with blockchain technology.
In addition to transaction speed, you also need to consider data scalability. With a traditional centralized database, you need to scale up your hardware and software when your data size increases. With a blockchain application, you can add more nodes to your network to accommodate more data.
Security is always a top concern for businesses. With a blockchain application, you can ensure that your data is safe and secure. All of the data is stored on a decentralized network of computers instead of on a single server.
Another essential factor to consider is user identity. With a blockchain application, you can have complete control over who has access to your data. All of the data is stored on a decentralized network of computers instead of on a single server.
User identity processing and storing become easier with blockchain applications as it provides complete control to businesses regarding data security.
As data is stored on a decentralized network of computers, businesses do not need to worry about losing data due to hardware failure. In addition, you need to consider the cost of developing and maintaining a blockchain application.
While the upfront cost might be higher than traditional software applications, the long-term prices are often lower. There is no need to pay for centralized server infrastructure or security features like firewalls and encryption.
Decentralized apps categorization
To help you understand better what apps can help you in the business scalability, here are a few that we've listed to get you started:
Record keeping dApps:
These decentralized apps offer a secure, transparent, and tamper-proof way to store data on a blockchain. Because each transaction is immutable, dApps that manage records are valuable for maintaining ledgers of sensitive information such as medical histories, banking records, and voting results.
Decentralized exchanges facilitate peer-to-peer trading of cryptocurrency and digital assets without a third party. In addition, because they run on blockchains, these exchanges are resistant to outages, hacks, and other common problems faced by centralized exchanges.
A DAO is a decentralized autonomous organization that cooperates according to transparent rules encoded on the Ethereum blockchain, eliminating the need for a central authority. Several popular projects, including MakerDAO and Compound, have launched DAOs to fundraise, manage financial operations and decentralized governance.
Identity and access management dApps:
These decentralized apps allow users to control their own digital identities and data. uPort and Sovrin are two examples of identity dApps that give users the ability to securely login to dApps and services without needing a central authority.
Several consumer-facing dApps have been built on Ethereum, including the popular cryptocurrency games CryptoKitties and EthDogs. These apps allow users to interact with each other in a decentralized way and demonstrate the potential of blockchain technology for building new types of social applications.
These are only a few examples of the many different types of decentralized apps that have been built on Ethereum. With the growing popularity of blockchain technology, we can expect to see even more innovative dApps categories in the coming years.
How can Seven Bits help your business with blockchain?
Seven Bits is a leading digital transformation company offering robust blockchain development services. With years of experience in the field, our team of blockchain experts can help you build a secure and scalable blockchain application. We offer
dApps development services:
Our Blockchain Center of Excellence (CoE) team brings rich experience in developing groundbreaking decentralized applications. We have a strong track record of delivering successful dApps solutions on Ethereum, EOS, and Hyperledger platforms for our clients in the supply chain, FinTech, Healthcare, and Government sectors.
Enterprise blockchain consulting services:
We offer end-to-end enterprise blockchain consulting services as a leading digital transformation company. Our experts can help you with creativity, planning, strategy formulation, use case identification, business process re-engineering, solution architecture & design, development & deployment, etc.
We have successfully delivered projects for clients across industries such as Banking & Financial Services, Supply Chain & Logistics, Manufacturing & Retail, Healthcare & Life Sciences, etc.
Legacy system migration:
We also offer blockchain-based legacy system migration services. Our team can help you migrate your existing applications to a blockchain platform with minimum disruption. For example, we have successfully migrated several enterprise applications to our clients to Hyperledger Fabric and Ethereum platforms.
Integrating blockchain into your existing business processes can be a challenge. Our team of experts can help you plan, design, and develop blockchain-based solutions that seamlessly integrate with your current systems.
Smart contracts development:
Seven Bits offers bespoke smart contract development services. We have a team of experienced Solidity developers who can help you develop secure and efficient smart contracts. We also provide audit and testing services to ensure the quality of your smart contracts.
Smart contracts are helpful to your business in several ways.
For instance, they can help you automate the process of issuing certificates, votes, payments, and more. In addition, they're ideal in cases where there's a need for transparency and immutability of data. Get in touch with us at email@example.com to get started.
As the world is moving towards Web 3.0, businesses need to have a robust blockchain app architecture to help them save on costs and increase their revenues. Therefore, the factors mentioned above are crucial aspects that you need to consider while designing your architecture.
It is also worth mentioning that there are many different ways to design a blockchain application. The best way to find out what works best for your business is to experiment with different designs. You can also seek help from experienced developers who can guide you in the right direction. Get in touch with us at firstname.lastname@example.org to discuss your project today.