Blockchain Development Services
We help startups and enterprises integrate reliable and secure decentralized blockchain solutions for their business automation. Our blockchain solutions are tailored to specific business use cases via feature integration, system modifications, and implementations.
Blockchain Development Solutions
Blockchain in capital markets
Blockchain technology can simplify and modernize the entire trade process and provide an automated trade lifecycle where all parties in the transaction have access to the exact same data about a trade. In this scenario, the technology would substantially reduce infrastructure expenses, enable effective data management, lucidity, faster processing cycles, minimal reconciliation, and even cut out some of the middlemen such as dealers.
Blockchain for cross-border payments
Blockchain can improve cross-border costs by speeding up and simplifying the process, while reducing costs significantly and cutting out lots of traditional brokers. At the same time, it would make capital remittances more affordable. Until now, the expenses of remittance were 5-20 percentage. Blockchain technology could reduce the rates to 2-3% of the total amount and provide guaranteed, real-time transactions across limitations.
Blockchain to improve digital identity
When online character is moved to a blockchain - enabled infrastructure, users are able to select how they identify themselves and with whom their identity is shared. Users are still required to register their uniqueness on a blockchain, but once they have, they don’t need a new registration for every service provider, provided those providers are also connected to the blockchain.
Blockchain in loyalty and reward
Blockchain technology offers lots of benefits, including transparency and traceability of transactions. This can allow banks and insurers to build more captivating loyalty and rewards programs and help realize the full value of these customer loyalty programs.
Understanding Permissioned and Permissionless Blockchains
Permissionless Blockchain
Permissionless Blockchain means that any applicant can become a validator for a blockchain. Bitcoin and Ethereum are the most well-known examples of permissionless blockchains, which are public and decentralized. Participants can leave and reconnect to the blockchain’s network at any time. No central authority/trusted third party manages who is allowed to connect to the network or bans illegitimate users from connecting to the network. Anyone can read the chain, make legitimate changes, or write a new block into the chain. Thus, the number of readers, writers, and trust less writers is very high. In a permissionless setup, the number of nodes is expected to be oversized, and these nodes are anonymous and untrusted since any node is allowed to connect to the network.
Permissioned Blockchain
Public Permissioned Blockchain (a.k.a. Permissioned Permissionless Blockchain) A permissioned blockchain requires only set parties to validate transactions. Permissioned blockchains have been proposed to authorise only a limited group of users to participate in the blockchain network. A central authority (consortium) determines and gives the right to the predefined peers to write, read, examine, or audit the transactions on the blockchain with a public verifiability of content. Permissioned Blockchains are operated by known entities (known as consortium entities), such as stakeholders in each industry where immutability and efficiency are preferred over anonymity and transparency. The participants require some means of identifying each other while not essentially completely trusting each other.
