When enterprise companies adopt blockchains, they must consider development, maintenance and operation. This article describes the development, maintenance, and operation benefits of blockchain for enterprise companies. PROGRAMMING LANGUAGE Enterprise companies are comparing blockchain platfo […]
When enterprise companies adopt blockchains, they must consider development, maintenance and operation.
This article describes the development, maintenance, and operation benefits of blockchain for enterprise companies.
Enterprise companies are comparing blockchain platforms in many ways, but one of the key areas is programming languages.
The reasons are various, such as the evaluation of the reliability of the programming language itself.
There are different programming languages for writing smart contracts based on the blockchain infrastructure, including Solidity and GO.As an example in the context of blockchain deployment, let’s compare Ethereum’s Solidity with Corda’s Java.
First, the impact of the ease of securing engineers on development costs is mentioned.Enterprise companies that want to deploy solutions often turn to vendors for development.The vendor requested for the development further orders the development to the subcontractor company.If you compare the new Solidity to the Java that many enterprise companies have been using for years, the latter is by far the easiest way to attract engineers and the lowest cost.
The other thing that I ’ m not saying Solidity is a bad language is its credibility with enterprise companies.
Java has more credibility in the financial industry and other enterprise companies than it has in the enterprise.
Support is critical to enterprise adoption.In a blockchain world where open source is mainstream, there’s not always support like enterprise services.
When a service fails, it’s hard for companies to figure out why. And even if the system’s creators can solve the app’s problems, they may not be able to deal with the blockchain infrastructure itself.
In some cases, it’s only possible to implement blockchain in an enterprise if there’s a way and responsibility to address potential problems. In other words, it is very important that there is an entity that resolves problems responsibly when they occur.
ECOSYSTEM MAINTENANCE and MANAGEMENT COSTS
Blockchain applications are, of course, expensive to maintain.Among them, transaction processing costs should be considered.In order to get a transaction processed, you have to pay for it, especially in the case of the public chain, which depends on the value of the native token and the processing power of the network.
Enterprise companies cannot predict or control the cost of maintaining an ecosystem.This means that companies have a hard time budgeting for the costs of maintaining their ecosystems, and they must always include them in their expenses.
Currently, transaction processing fees are unstable in the case of public chains and are often associated with price fluctuations of native tokens.Private blockchains, on the other hand, are much easier to implement for enterprise companies because they make it easier to calculate the cost of a business plan. Corda is just one example.
It would be nice to see this as a consideration for enterprise adoption of blockchain.