Blockchain

We believe that Distributed Ledger Technologies (DLTs) carry the potential to introduce a new level of transparency, automation, and efficiency in businesses and non-profits.

Most organizations find it challenging to understand and apply the full power of Blockchain Development and DLTs to get tangible business results. Our team is passionate about utilizing our technical capabilities, experience, and product mindset to help our clients effectively extract real business value by implementing blockchain and DLT across their organization.

Our partner has access to the biggest pool of blockchain engineering, cryptography, and cybersecurity. Our team will help you create your solution more secure.

Some of the areas where you can use Blockchain Development Technology are:-

Payment processing and money transfers:

Arguably the most logical use for blockchain Development is as a means to expedite the transfer of funds from one party to another. As noted, with banks removed from the equation, and validation of transactions ongoing 24 hours a day, seven days a week, most transactions processed over a blockchain can be settled within a matter of seconds.

Monitor supply chains:

Blockchain Development also comes in particularly handy when it comes to monitoring supply chains. By removing paper-based trails, businesses should be able to pinpoint inefficiencies within their supply chains quickly, as well as locate items in real-time. Further, blockchain development would allow businesses, and possibly even consumers, to view how products performed from a quality-control perspective as they travelled from their place of origin to the retailer.

Retail loyalty rewards programs

Blockchain Development could further revolutionize the retail experience by becoming the go-to for loyalty rewards. By creating a token-based system that rewards consumers, and storing these tokens within a blockchain Development, it would incentivize consumers to return to a certain store or chain to do their shopping. It would also eliminate the fraud and waste commonly associated with paper- and card-based loyalty rewards programs.

Digital IDs

More than 1 billion people worldwide face identity challenges. Microsoft is looking to change that. It's creating digital identities with face identifier app-- currently used by millions of people -- which would give users a way to control their digital identities. This would allow folks in impoverished regions to get access to financial services, or start their own business, as an example. Of course, Microsoft's attempts to create a decentralized digital ID are still in the early stages.

Copyright and royalty protection

In a world with growing internet access, copyright and ownership laws on music and other content have grown hazy. With blockchain development, those copyright laws would be beefed up considerably for digital content downloads, ensuring the artist or creator of the content being purchased gets their fair share. The blockchain development would also provide real-time and transparent royalty distribution data to musicians and content creators.

Food safety

Yet another intriguing use for blockchain could be in tracing food from its origin to your plate. Since blockchain development data is immutable, you'd be able to trace the transport of food products from their origin to the supermarket. What's more, should there be a food-borne illness, blockchain development would allow the source of the contaminant to be found considerably quicker than it can be now.

IMMUTABLE DATA BACKUP

Blockchain Development might also be the perfect way to back up data. Even though cloud storage systems are designed to be a go-to source for data safekeeping, they're not immune to hackers, or even infrastructure problems. Using blockchain development as a backup source for cloud data centres -- or for any data.

MEDICAL RECORDKEEPING

The good news is the medical sector has already been moving away from paper for recordkeeping purposes for years. However, blockchain development offers even more safety and convenience. In addition to storing patient records, the patient, who possesses the key to access these digital records, would be in control of who gains access to that data.

Wills or inheritances

Blockchain may also be able to put your end-of-life concerns to rest. Rather than creating a paper will, people may have the option of creating and storing their digital will on a blockchain network. When used with smart contracts, which could divvy out inheritances based on when certain criteria are met (such as when a grandchild reaches a certain age), wills should become crystal clear and legally binding, leaving no questions as to who should receive what assets when you pass away.

Equity trading

At some point, blockchain could rival or replace current equity trading platforms to buy or sell stocks. Because blockchain networks validate and settle transactions so quickly, it could eliminate the multiday wait time investors encounter when selling stock(s) and seeking access to their funds for the purpose of reinvestment or withdrawal.

Securing access to belongings

Smart contracts within blockchain networks also have the ability to be customized to businesses or consumers' needs. As a consumer, you could use blockchain as a means to grant access to your house for service technicians, or allow your mechanic access to your car to perform repairs. But without this digital key, that only you possess, these service technicians wouldn't be able to gain access to your belongings.

Tracking prescription drugs

Finally, blockchain development could be a means of transparently tracking prescription medicines. In a world where prescription returns do occur, and counterfeit medications are a real thing, blockchain development offers drug makers the ability to track their products based on serial and/or batch numbers to ensure that consumers are getting the real deal when they pick up medicine from the pharmacy.