Blockchain can empower everybody in your business to access the same information at the same time using a highly efficient workflow. This means blockchain provides the perfect launchpad for companies looking to deliver across industries and rapidly scale. Businesses rely on blockchain to build workflows that rely on immutable records and consensus. Together, these mechanisms ensure every transaction record stays permanently on the system and creates an extremely transparent operational framework.
Widely known as one of the most stable blockchain networks, Ethereum is also its most accessible system. A pioneer in the space, Ethereum has led the blockchain conversation since 2013 and continues to be the most preferred network for individuals and businesses alike. Equipped with a native smart contract functionality, Ethereum is a proven commerce powerhouse with endlessly inventive business-friendly features. With our team’s help, you can program the network to maximize your company’s potential and make work flow faster.
Solidity is a programming language that lets you build self-executing smart contracts on the Ethereum blockchain. Essentially, if you define a set of parameters, a block of Solidity code will track each parameter. If they meet the conditions you define, Solidity will execute the contract automatically and ensure your predefined objectives have been met. Not only do Solidity-powered smart contracts save companies lots of time and money, they can also create huge amounts of value. Our team can help you audit your workflows and build revenue-generating smart contracts that optimize time and boost value.
A blockchain is essentially an advanced database mechanism. It stores data in blocks which are linked together in chains. Where blockchains stand out is they store all data chronologically. Every transaction, update, change, edit, and deletion is recorded in an immutable block. To add or delete an entry in the blockchain would require consensus among its participants, which makes blockchain the most trustworthy data management solutions. It’s useful for recording orders, payments, and other related transactions in an unalterable format.
Although creating a blockchain from scratch is not impossible, it is a tough and time-consuming process. That’s why we help businesses leverage existing blockchains like Ethereum, Solana, or Cardano to program their use case on. This takes less time, gives you the results you require, and helps businesses work with trusted platforms that are supported by thousands of developers the world over.
As a database, blockchain is an inherently secure database with built-in anti-cheating protocols. It uses cryptography, decentralization, and consensus to guarantee transactions can be trusted without doubt. Blockchains are also devoid of single points of failure, which ensures they can always be up and running. No single user can tamper with the system which ensures it is tamper-free and the data is always true and correct.
Blockchains are highly useful, but still not a silver bullet. Therefore, you must only use a blockchain if you’re comfortable with the fact that the data you store cannot be modified (proof of existence), cannot be denied by its owner (non-repudiation), you prefer decentralization, you would like a single source of truth, and need high security. If you’re okay with this, our team can help you iron out the final details and understand how you can maximize blockchain’s potential for your business.
Greater trust and transparency in the blockchain system ensures there is zero duplication of effort. It also bears huge implications for the supply chain by helping create workflows around self-executing smart contracts. Moreover, blockchains improve security, lower organization-wide costs, and create vastly more efficient workflows. From our experience working with Fortune 500s and startups, we can firmly say that blockchain is the best business bet you can make this decade.
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