A blockchain is a database with user-distributed validation. If you’ve ever heard of Bitcoin, you’ve seen one of blockchain’s biggest current applications. Through our workshop, you’ll develop a deep understanding of how blockchain works and why developers are becoming so interested in the technology. We’ll start by reviewing current blockchain-based models such as cryptocurrency, business order tracking, banking, and contract validation. By the end of our workshop, you’ll know how cryptocurrencies function, which emerging startups are currently getting funded in the blockchain scene, and why blockchain ledgers are considered the technology of the future.
Over the past decade, the Internet and software have made the transaction of money practical. You can easily shop online and trade securities. But transferred financial assets go through correspondent banks, archaic systems linking clearing houses, and central depositories. Sometimes it takes many days for the funds to reach an account or purse to settle. Not only are these systems slow, but they are expensive and unsafe. Blockchain development is addressing this problem by restructuring fundamental business transactions, including money market transactions, and introducing new forms of digital interaction.
A blockchain is a decentralized digital ledger that saves transactions on thousands of computers around the globe. These are registered in a way that inhibits their subsequent modification. Blockchain technology increases the security and speeds up the exchange of information in a way that is cost-effective and more transparent. It also dispenses with third parties whose main role was to provide a trust and certification element in transactions (such as notaries and banks).
Today we are taking a look at an UAE blockchain developer software company, Leeway Hertz – blockchain development company UAE
They provide various services including : Blockchain Consulting Services. We have helped our enterprise clients like TraceRx to come up with qualitative blockchain solutions.
Development Portfolio example:
Blockchain-based Pharma Supply Chain Solution
To track the movement of drugs from the manufacturer to the end consumer at global locations. Blockchain technology helps to maintain trust between all parties by capturing records from every location to the chain, eliminating paperwork. Ensuring no counterfeit medications slips because of lack of traceability. Ability to identify stock locations in case of a medical recall.
We convert ideas into practical applications that are scalable and reliable. We recommend following a process to test quickly and get product maturity at early stages. With the experience of building 100+ digital platforms for clouds, apps, and blockchain companies, we have tailored our process to match the ongoing blockchain industry changes.
Blockchain Ideation
Brainstorm idea and business requirements
Identify any existing system migration to Distributed Ledger
Prioritize use cases in “Fail fast”, “MVP” & “v2.0”
Define off chain & on chain business entities
Define technical component
Roadmap of the product
Supporting the following platforms:
1. Ethereum – A decentralized public platform that runs dApps
2. Hyperledger – A provisioned private network meant to share data and process for enterprises
3. R3 – A solution for managing financial agreements
4. Stellar – Stellar is an open platform for building financial products that connect people everywhere.
5. EOS – EOS is a decentralized blockchain, which can process fast and free transactions.
6. Hashgraph – Fair, Fast and most secured acrylic graph DLT.
7. Corda – Corda is an open source blockchain platform for businesses.
8. Credits – Credits blockchain platform manages for creates financial services based on blockchain/ledger
9. NEO – NEO is a blockchain platform designed to build a scalable network of decentralized applications.