Blockchain technology is growing rapidly and there’s no stopping it. Over the last few decades, many things that seemed impossible have turned out to be wrong, including high transaction fees, double spending, cyber fraud, and retrieving lost data. But surely, we can avoid it with the use of blockchain technology.
What is Blockchain Technology?
Blockchain began in 1991 as a manner to keep and steady virtual data. Blockchain is an open ledger that may be accessed concurrently via way of means of more than one event. One of the principle blessings is that recorded data is much less probable to alternate without the consent of all events involved. IBM explained that each new record results in a block with a unique identifying hash.
A series of data sets are combined together as blocks and form Blockchain. Bitcoin cryptocurrency uses blockchain technology. Blockchain helps with the verification and traceability of multi-stage transactions that require verification and tracking. It provides secure transactions, reduces compliance costs, and speeds up the data transfer process. Blockchain technology can support contract management and verify product origin.
What are the Advantages of Blockchain Technology?
Here is a list of the main benefits you can expect when using blockchain technology in your business.
- It is an immutable public digital ledger, and recorded transactions cannot be altered.
- Blockchain is always safe thanks to cryptography
- Transactions are instant and transparent as the general ledger is automatically updated
- Decentralized, no brokerage fees
- Transaction authenticity is verified and confirmed by participants
Why Should you Choose Blockchain Development Services?
Rebuild your business with ever-evolving blockchain technology
1. Unprecedented transparency
Blockchain technology allows you to view and analyze transaction history and all relevant information, including changes to the public blockchain environment. Blockchain data is clear, complete, and accurate, resulting in greater accountability and full control over budgets and spending.
2. Optimized efficiency
The blockchain architecture is decentralized, providing fast transactions while ensuring that there are no third parties involved in the process. You can also deploy digitally driven smart contracts to enhance and automate stakeholder agreements. These advanced approaches can reduce transaction fees and improve the company’s overall performance.
3. Strong security
Blockchain is a digital ledger that must be invulnerable to data breaches. All the features here are aimed at maximizing operational security so that your end users have a highly secure platform. The system is equipped with a cryptographic hash function, a remarkable proprietary security algorithm designed to detect data breaches. Each block contains the hash of the previous adjacent block, so changing one block invalidates all subsequent blocks.
Blockchain Development Process
Advice on blockchain technology
As a leading blockchain consulting firm, we start with what, why, and how blockchain technology benefits your business and brings trust and transparency to your system. It also provides a roadmap toward implementing blockchain systems.
Requirements analysis
We analyze your requirements to understand the features you want to integrate into your project. This will help you create an effective development plan.
UI/UX Design
Our blockchain team creates a state-of-the-art intuitive UI design that is simple and convenient for end-users. At the same time, our designers work on blueprint design, user design, and database design.
Prototype
Develop a prototype of what your blockchain app or software will look like. We also test working UI and UX design prototypes.
Blockchain Development
Based on the initial feedback, our blockchain development team will design a high-quality blockchain product.
Quality assurance
Our developers carefully test each blockchain product to ensure customer satisfaction and a great user experience.
Deployment
We follow standard protocols and offer our blockchain products on various platforms that are easily accessible to potential audiences.
Support and maintenance
All digital solutions need to improve over time. We support our customers with after-sales maintenance.
Why choose Webcom Systems as your blockchain development service partner?
Agile development process
Our sophisticated agile development process keeps you up to date throughout the development cycle. Every step of our blockchain development platform is planned with the aim of delivering maximum value to the end user.
Cost-effective development
Our expert team of blockchain developers makes sure that the development cost is minimal as well as efficient during the process. This keeps projects on budget and produces top-notch products that customers love.
Quality assurance and testing
Our team of experts ensures that dApps are thoroughly tested and ready for market before launch. Our suite of QA and testing services will take care of all your quality assurance needs and help you build a robust and secure blockchain platform.
24/7 support
If you have any glitches or bugs, we are here to help. Take advantage of 24/7 support and maintenance services after delivery and deployment.
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