We are an experienced block chain development company combined with a deep understanding of AI, IoT, and cloud services. We build distributed ledger applications faster and risk-free. Blockchain is the new cutting-edge technology which certainly has immense potential to transform our entire economy. Consulting for various blockchain platforms, we have helped our enterprise clients to come up with qualitative blockchain solutions.
Blockchain is an open, immutable distributed ledger for recording the history of transactions. A new generation of apps is being built to establish trust, bring transparency and reliability in a business process. Bitcoin is the first cryptocurrency running on the blockchain. Businesses can transact with less friction and more confidence by block chain development using distributed ledger technology like HyperLedger, Ethereum or HashGraph.
A Proof of Concept (POC) is used to demonstrate the feasibility and practical potential of any blockchain project in any field such as Energy, Communication, Services, Insurance and Healthcare. A POC can either be a prototype without any supporting code or any MVP (Minimum Viable Product) with bare featureset. A POC is a prototype that is used for internal organization who can have a better understanding of a particular project.
Private Blockchain network requires an offer/invitation validated by the network initiator. It is usually set up by the network validator, where every participant holds the ultimate power to choose who can and cannot be a part of the network and perform transactions. It’s pre-determined that every new entity will become a dominant player for managing the blockchain in a decentralized manner.
Smart contracts can be defined as Blockchain-based computer protocols which are virtual versions of regular contracts and are coded with predefined conditions. Smart contracts aim to offer high security while reducing transaction costs associated with conventional methods– traits that make them favorable alternatives to regular contracts.
Blockchain is the new cutting-edge technology which certainly has immense potential to transform our entire economy. At Blockchain App Factory, we are so much passionate about this disruptive technology and so are you. With us, you can experience every bit of blockchain and crypto world revolution.
Hyperledger is a distributed, open-source ledger or framework based on Blockchain technology that uses smart contract application on enterprises and ventures. This is called Smart Contracts. The cynosure of the Hyperledger is to advance cross-industry collaboration by creating blockchains and distributed ledgers.
Supply chain is the process involved from the inception of producing goods to delivering it to the end customer. Blockchain can be integrated in the Supply chain process to make it easier and transparent. Each Blockchain contains a set of transactions entered in the distributed public ledger.
Blockchain based encrypted data storage is on the verge of disrupting centralized cloud storage services. It opens new opportunities with improved security and decreased dependency.
Blockchain technologies help to efficiently manage and verify digital identities in various industries, resulting in smooth operation and minimum scope for fraud in areas of identity application.
Blockchain technology allow voters to verify transmission while remaining anonymous. The transparent fraud-free system will become electoral gold standard across the world shortly.
The irreversible time-stamp feature and decentralized validation of the blockchain technology makes it the perfect candidate to efficiently replace notary services at a reduced cost.
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