Blockchain is a shared, unchangeable ledger that facilitates the process of recording digital transactions and tracking of assets in a business network. An “asset” can be physical like a house, car, etc, or not physical, like intellectual property, copyright, branding, etc. Anything of value can be tracked and traded on a blockchain network.
Blockchain technology is important as businesses run on information. The faster it’s received and the more accurate it is, the better the business runs. Blockchain helps this process as it provides an immediate, shared, and completely transparent information store of a ledger that can only be accessed with network members who have been given permission. With a blockchain you can track orders, payments, production, accounts, and more.
All individuals with permission have access to the ledger and it’s record of transactions. All transactions are recorded just once, eliminating any accidental duplication.
No one can change or tamper with a transaction after it’s been created, ensuring safety. If a transaction has included an error, a new transaction must be added to reverse the error. Both transactions are then completely visible.
Smart contracts speed up transactions with a set of rules that is stored on the blockchain. The contract can define conditions for corporate bond transfers, state terms for travel insurance, and much more.
Devs In India is an Indian offshore digital agency with vast experience in web design and development and has a specialization as a Blockchain development company. We work with you to create exactly what you need for your business to grow. We are driven by our passion to help businesses succeed and transform digitally.
We take data, innovation, and creativity and combine them to drive decision making and action to create the best possible solutions for your company. We take the time to understand your company’s needs and desires and always conduct our projects with transparency and integrity.
As a transaction occurs, it is recorded as a “block” of data. The block can then record the information of your choice such as the what, when, where, cost, and extra notes. This all shows the movement of an asset.
These blocks form a chain of data to easily show as an asset moves from owner to owner. The exact sequence of transactions and time of handover is recorded in each, linking securely together to prevent any alterations or blocks being inserted between two other existing blocks.
Each new block strengthens the verification of the previous block and therefore the entire blockchain. The entire blockchain becomes an irreversible chain and removes the possibility of malicious tampering.
The process of hiring a Blockchain developer with Devs In India is easy!
We build your Blockchain project to the highest quality. We provide you with updates the whole time and continue to make adjustments until you’re perfectly happy with the final product.
Anyone can access Blockchain, but mastering Blockchain development is a skill Blockchain developers have. Look for developers with in-depth knowledge and extensive skills, ability to understand business outcomes, experience with Blockchain and cryptocurrencies, knowledge of various platforms, and the ability to simplify the process.
The Blockchain database is built with a decentralized architecture which consists of a large number of distributed nodes (random participants) that must reach an agreement and work together to keep a record of transactions. This avoids data being modified and deleted from a single point of failure.
Blockchain applications are just like traditional software applications, but because of their decentralized architecture and cryptographic economic system they improve security and promote trust.
The price of building your Blockchain project will vary depending on the size of your project. The bigger the project, the higher the fees will be. Dev In India understands many businesses run on tight budgets, so offer affordable rates beginning at just $30 an hour.
The timeframe for building your Blockchain project varies depending on the size of your project. The bigger and more complex the project, the longer it will take. When you have your initial meeting with us we’ll gather all the information and give you an estimated time frame so you know when to expect completion.
Yes! Dev In India offers a wide range of digital services including social media, web design and development, mobile apps development, SEO services, copywriting, graphic design, Google analytics, eCommerce development, and more! Have a browse through our website to learn more about all the different services we offer.
If you’re looking for someone to handle your Google Analytics, prepare simple reports, and offer improvement suggestions, Devs In India’s Google Analytics Specialists have got you covered. We love turning data into actions that help grow your business.
To get started and hire our Google Analytics Expert in India, contact us now by sending an email to info@devsinindia.com or by giving us a call.
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