Blockchain Application Developers > Blockchain
Why You Need Blockchain Application Developers?
Numerous business use cases can be enhanced using DLTs (distributed ledger technology). In a nutshell, it can be used in various many cases where trusted and transparent services are of utmost importance by business applications.
It can be done using the blockchain technology as an application platform. So that the underlying trust infrastructure of the blockchain can enable the flawless processes within the business.
Even though Bitcoin, the first use case or application of the blockchain, is a decentralized digital currency and payment system, the underlying constructs that constitute the foundation of it are not limited to payment transactions, accounts, balances or users.
Alternatively, blockchain technology in Bitcoin is only transactions secured and run by a scripting language (blockchain programming language) using cryptographic techniques.
In other words, blockchain refers to as an application development platform that uses a scripting language. That can help solve many use cases beyond cryptocurrencies as well.
One of the many characteristics of blockchain technology introduced us to is smart contracts that mainly get coded in Ethereum.
With the Ethereum Blockchain platform, blockchain application developers can develop private cryptocurrencies and contract-based applications with the help of a Turing-complete language.
It enables businesses to utilize and code this language to determine their rules, regulations, and policies in such applications.
Using the DLT based technology like blockchain increases the chances of reduced costs and provides businesses with the opportunity to create and sustain an infrastructure that offers numerous advantages at lower expenses than traditional centralized models.
Blockchain can hugely expedite transaction processes as it bypasses the centralized infrastructure.
Although no system is secure from cyber attack, the distributed nature of blockchain lays the foundation for a unique level of trust.
The unalterable property of blockchain and its open access among its users, whether in a public or private ledger, brings transparency. Any user of the system can query transactions on a real-time basis.
Blockchain is transforming the business landscape. It is gradually becoming the most preferred technology to replace the conventional use of internet applications. Now verticals like Financial Services, Healthcare, and even the Government are aggressive in adopting Blockchain as a strong and dependable utility. Blockchain Application Developers are becoming a top priority. What’s making blockchain a disruption in the enterprise ecosystem? This is primarily because the technology stands for those attributes, which the internet created as its own roadblocks.
Holistically, Blockchain reduces the overall cost involved in enterprise operations by eliminating several entities and processes effectively. Here are the top benefits of using blockchain applications in enterprise operations per IBM:
- Greater Transparency
- Enhanced Security
- Improved Traceability
- Increased Efficiency and Speed
Is Blockchain Application Appropriate for your Enterprise
“If you’re dealing with slow, complicated and paper-heavy processes, compromised security or exorbitant fees, blockchain is a solution worth exploring.”
Blockchain is a buzz and almost every enterprise considers it as a solution. In fact, the technology transformed into a bandwagon for the business world. But is Blockchain really effective for your enterprise? Well, if the processes are hitting certain operational roadblocks and there seems to be no way out because of technical bottlenecks. Here are some issues that blockchain will help to eradicate completely.
- Failure to keeping up with the terms of a contract or agreements
This is a common issue. Initial contracts and agreements between two enterprises change to in the course of the deal. Blockchain can impact on this issue effectively through techniques like Smart Contract.
- Increasing Issues in the Supply Chain Management
Effective Supply Chain Management is one of the most effective use cases of Blockchain technology. As several entities are involved in such systems, difficulties in managing the transactions and ensuring a streamlined workflow are possible only through a system like Blockchain.
- Information Heist
Information is sensitive for any enterprise. Blockchain ensures data protection and security optimally. As cryptography is the basis of this technology, nothing can ensure better data protection than blockchain in the current landscape.
- Bots are Becoming Bothersome?
Frauds and Bot traffic are the biggest lacunas in the advertisement as well as in the internet ecosystem. Lack of transparency has become a characteristic of the Internet. Blockchain is the best way to promote transparency in any business transaction as well as operation.
How to Evaluate the right blockchain Application developers?
There are many blockchain application developers even if it is never enough. Finding out the right blockchain service providers is not a daunting task if one can evaluate them based on certain specific parameters.
Here are the aspects to take care while evaluating a blockchain development company:
- Technologies used by the developers
Posing expertise in tons of technology does not guarantee a strong development. However, if the company has a large number of specialized developers in each separate verticals, multiple expertise is possible. Blockchain is based on many underlying technologies. Evaluate, the solution offered by the company to address the specific issue of the business.
- Experience of the developers
When it comes to Blockchain Development, there are certain specifics to which the objective narrows down. There are primarily three verticals: Hosting, Decentralized Application and Private Blockchain. An enterprise needs to evaluate if the blockchain application development company has adequate experience in the specific service type it requires.
- The outsourcing model and deployment
Outsourcing model of service or product delivery should match with the operational process of the client enterprise. Blockchain development and deployment have contrasting differences compared to deployment of web applications. Enterprises should ascertain the most appropriate model matching to their needs.
Why Blockchain Application Developers at Oodles Blockchain stand out
Oodles Blockchain targeted the major technologies related to blockchain development as core expertise. We have been following a flexible model of business and service delivery to offer the best possible outcomes for our clients. Every project we handle undergoes stringent risk evaluation strategies in each stage of development to ensure an effective solution. Dedicated to intense research and development, we understand the vulnerabilities of Blockchain and the best techniques to eradicate them.