Blockchain is a versatile solution for maintaining records and can be applied to a wide range of products requiring database management or record-keeping.
Each block in a blockchain is associated with a unique 'Hash' value, akin to an email address or thumbprint. Even minor data alterations result in Hash value changes, ensuring the blockchain's immutability.
Blockchain operates on a dispersed network of computers, reducing the need for a central authority and inducing security.
Once data is stored on the blockchain, it’s extremely difficult to alter, providing high data integrity and security.
Cryptographic techniques ensure that data on the blockchain is entirely secure and tamper-resistant.
The network users agree on the transaction validity through consensus algorithms, ensuring agreement without a single entity.
Every transaction is linked to the previous one, forming a chain, making the data tamper-evident.
It can either be open, allowing anyone to partake, or permissioned, allowed only to authorized participants.
Blockchain’s glass-like nature enables easy tracking of transactions and assets throughout their lifecycle.
Efforts are being made to make different blockchains compatible, allowing them to communicate and share information seamlessly.
Blockchain in Fintech generates new revenue, delivers process efficiency, improves end-user experience and reduces risk in business operations.
This innovation enables more efficient and cost-effective processes for issuing securities with greater levels of customization
Blockchain in e-commerce streamlining the fulfillment process and improves the customer experience by tracking the history of orders and transactions.
They reduce the risk of fraud and provide a new level of trust and transparency between buyers and sellers.
Blockchain for insurance improves customer engagement, enables cost-efficient products and the development of insurance products related to emerging techs.
Decentralized insurance protocols offer faster, cheaper, and more trust-minimized operational abilities, leading to faster insurance claims, arbitration, and payouts.
Blockchain for healthcare could streamline communication between all the parties, making it easier to exchange information critical to patient care.
They collect a real-time view of data and the operations of everything from patient care to healthcare is improved.
Blockchain for supply chain will have complete info about products from manufacturing to dispatch and delivery operation
By harnessing blockchain technology, supply chain firms can mitigate fraud, combat counterfeit products, enhance product authenticity, and safeguard sensitive data.
Blockchain for real estate can optimize sales processes, streamlined payments, and improved accessibility to real estate investment prospects.
They build a resilience against the spread of corrupted information and boosting resistance to fraud.
Blockchain in digital identity enables more secure management and storage of digital identities
They provide unified, interoperable, and tamper-proof infrastructure with key benefits to enterprises, users, and IoT management systems.
Blockchain empower creators to better monetize their art by relying on set up an marketplace, apply smart contracts to profit off future sales, or reward loyal fans who invest early in their success.
A private blockchain, made centralized by connecting all the nodes to a center point that manages the whole platform, mainly used by banks and businesses for promoting smooth operations.
It is usually set up by the network validator, where every participant holds the ultimate power to pick who can and cannot be a part of the network and perform transactions.
Public blockchain sets up an open protocol that is accessible to anyone who chooses to run their system in the blockchain.
The ongoing activity on the blockchain can be audited by any of the network participants, thus helping members to participate in the consensus process.
Hybrid blockchain is a combination of both types but not open to everyone also they have general blockchain features – integrity, transparency, and security.
They offer privacy and better scalability than other blockchain and hence the transactions are cheap and fast.
Blockchain nodes are generally computer systems that contain a copy of a blockchain's primary protocol and its entire transaction history.
These nodes can create, send, and receive blockchain data and mainly validate record, and broadcast each transaction on the network
Every blockchain has its own native token that is used to reward miners and validators adding blocks to the blockchain and as a payment method.
They facilitate transactions, incentivize participation, and establish governance within decentralized ecosystems.
A distributed ledger is a type of database that is shared and records the transactions, such as the exchange of assets or data, among the participants in the network
They streamline processes, and reduce costs by eliminating intermediaries and enhancing data integrity in business operations.
Byzantine Fault Tolerance is a robust mechanism in distributed systems that ensures reliable consensus even in the presence of malicious components.
It safeguards critical business processes, fortifies system resilience and maintains uninterrupted operations, even when facing internal or external disruptions.
Proof of Work serves as a Digital Assets proof where a node (prover), demonstrates to other participants in the network (verifiers) that a significant amount of computational work has been exerted.
PoW ensures integrity, trust, and immutability, empowering businesses with transparent and tamper-resistant digital transactions.
Proof-of-Stake algorithms achieve consensus by requiring users to stake an amount of their tokens so as to have a chance of being selected to validate blocks of transactions, and get rewarded for doing so
PoS incentivizes their active involvement, thereby enhancing transaction processing efficiency and integrity within the business ecosystem.
In DPOS stakeholders leverage a voting system to delegate their responsibilities to trusted third parties.
By voting for a select few delegates, stakeholders ensure the network's security and integrity, enabling them to focus on their core business activities with confidence.
POA consensus system that allows only authorized entities to validate transactions in a blockchain network.
POA uses identity as the validation mechanism which provide more efficient and scalable alternative for permissioned blockchain networks
Ethereum Virtual Machine is an integral part of the Ethereum blockchain as it serves as the core infrastructure, which allows running codes for smart contracts.
EVM is highly flexible, supports smart contracts in numerous programming languages and execute them in Ethereum's secure environment
Non-EVM is a unique public chain focused on connecting on-chain and off-chain payments and allows developers to reach a larger user base and expand their applications.
These platforms can offer end users fast transaction speeds and low transaction costs.
Smart contract is a self-executing computer programme that runs on a blockchain.
This type of contract is intended to automatically execute and control events and actions according to the specified terms of the code.
Centralized wallets provide users with a convenient and user-friendly interface for storing, managing, and transacting with their digital assets.
Centralized wallets are typically operated by third-party service providers who handle the security and maintenance of the wallet infrastructure on behalf of the users.
Decentralized wallets provide users with a secure and autonomous means of managing their digital assets.
It enables individuals to have full control over their funds, eliminates reliance on intermediaries, and enhances privacy and security in transactions.
Multi-asset wallets provide users with a single platform for securely storing and managing multiple types of digital assets.
Rather than using separate wallets for each asset, a multi-asset wallet allows users to conveniently access and control their various assets from a centralized interface.
State channels facilitate the establishment of a direct communication channel among multiple users for seamless Bitcoin transactions.
This innovative approach enhances the operational efficiency and productivity of a decentralized network.
Sidechain is an autonomous blockchain that operates alongside the primary Ethereum chain, commonly known as the mainchain.
It functions independently while maintaining a crucial connection to the mainchain, enabling seamless asset transfers between the two networks. This integration enhanced flexibility and efficiency in conducting business transactions
Optimistic rollup is a highly promising scaling solution for Ethereum, demonstrating great potential.
This innovative approach ensures reliable transaction recording in a secure and trustworthy manner, thereby offering effective scalability for the Ethereum network
ZK-Rollups optimize network capacity without modifying the core Layer-1. It consolidates multiple transactions into a single one, generating Digital Assets proof.
This scalability solution allows businesses to enhance transaction capacity efficiently while maintaining the integrity of their existing infrastructure.
Atomic Swap enables seamless asset transfers and trading between individuals, both on the blockchain without the need for intermediary exchanges or third-party involvement.
This cutting-edge solution facilitates direct wallet-to-wallet transactions, streamlining the process for faster and more efficient peer-to-peer interactions.
Combat transparency issues and inefficiencies with our tailor-made EVM compatible Blockchains. Explore decentralization, security, and transparency to streamline operations, cut costs, and foster trust.
Facing a lot of hurdles of opacity and data reliability? Our Hyperledger Blockchain development services leverage security, scalability, and permissions, tackling these concerns.
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Project criteria, theoretical use cases are identified
Validate the concept and demonstrate the core features.
Fully functional product, released for users in the market
Feasibility assessment framework, Whitepaper, Lightpager, SRS document
Prototype with core function.
Fully operational offering
Pre- stage
Completion of Prototype
Project live
Mainly validate Technical & Legal feasibility.
Token Utility Updation based on the Circulation of the token
Functionality released in the market & gain profits.
Feasibility assessment framework (TELOS)
MVP Ideation Canvas from lean startup framework.
Agile Framework
3-4 weeks
2-3 weeks
2 Years
| Process | (POC) Proof Of Concept | (MVP) Minimum Viable product | (PD) Project Deployment |
|---|---|---|---|
| Concept | Project criteria, theoretical use cases are identified | Validate the concept and demonstrate the core features. | Fully functional product, released for users in the market |
| Deliverables | Feasibility assessment framework, Whitepaper, Lightpager, SRS document | Prototype with core function. | Fully operational offering |
| Product Maturity | Pre- stage | Completion of Prototype | Project live |
| Feasibility | Mainly validate Technical & Legal feasibility. | Token Utility Updation based on the Circulation of the token | Functionality released in the market & gain profits. |
| Framework | Feasibility assessment framework (TELOS) | MVP Ideation Canvas from lean startup framework. | Agile Framework |
| Timeline | 3-4 weeks | 2-3 weeks | 2 Years |
Immutability
Encryption
Transparency
Tokenization
Decentralization
Go lang
java
Merkle tree
CouchDb
Solidity (smart contract)
Go lang (chain code)
Rust
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