Development of solutions for business based on blockchain technology Blockchain
The word blockchain is associated with cryptocurrencies for most of the population. It’s because the fully replicated distributed database, which is the basis of blockchain technology, was first implemented in the Bitcoin system. To date, in addition to Bitcoin, there are many other cryptocurrencies. Besides, blockchain technologies have begun to be implemented in other software solutions for business.
Most often, the development of blockchain projects is still applied in the field of operations with finance, cybersecurity technologies, and for identifying users. However the technology’s capabilities are not limited to these areas and there are opportunities to develop blockchain applications and programs in other business sectors.
What is Blockchain Technology Blockchain
Databases organized by blockchain technology are continuous sequential chains of blocks that contain information. Blocks are not only numbered but are also connected by so-called hash sums, which is the result of processing data with a special function. Each block of the chain contains two hash sums, its own and the previous block of the chain. To change the information contained in a single block, you will need to change the data in all subsequent blocks of the circuit.
Technically, this is extremely difficult. That’s what increases the reliability of databases organized by blockchain technology to unprecedented heights.
Information blocks are usually scattered across many computers located around the world. This contributes to the even greater complexity of making changes to the data circuit, and further increases the reliability of data storage.
Transactions in the blockchain are made as follows:
This scheme provides blockchain technology with many advantages over the most common databases now.
Blockchain benefits for business How useful?
Companies introduce the latest technologies to get benefits from their use. The blockchain provides such benefits. These include:
The advantages of using blockchain technology in networks with low levels of trust between users are particularly obvious. In the same Bitcoin system, transactions are carried out by millions of users scattered around the world and personally unknown to each other. We are not talking about trust, and there is no intermediary guaranteeing the deal. If you are not sure whether you really need blockchain technology, ask the developer. Traditional databases, in some cases, work better.
How much does it cost to implement blockchain technology? For development Prices
The cost of developing a specific project or application using blockchain technology depends on the wishes of the customer and the scale of the tasks. Due to the high data security, blockchain technologies are widely implemented in the public administration of different countries, as part of the fight against bureaucracy.
France plans to invest 700 million euros in such developments and reduce 120 thousand officials.
Australia in 2018 invested 1 billion Australian dollars in similar projects, the European Union – 300 million euros.
The exact cost of the project for your business can only be calculated after drawing up a detailed technical specification (TOR). Due to the fact that the development of technical specifications is expensive and takes a lot of time, in some cases, it makes sense to set this idea aside it and focus on the tariff rates of specialists, with hourly pay for their work.
Why choose Avada Media AVADA MEDIA
Avada Media has been operating in the software development and implementation market for over 9 years and has completed hundreds of projects for customers from the USA, Australia, the EU and CIS countries, Russia, and Ukraine. We are ready to offer developments in the field of:
This is not a complete list of the company’s capabilities in the blockchain development. Contact Avada Media, and all your wishes for the software will be realized.
We develop and integrate cryptosoft AVADA MEDIA
The best confirmation of our qualifications and professionalism are the stories of the success of our clients and the differences in their business before and after working with us.
Our clients What they say about us
Thanks to AVADA-MEDIA for a great project. The developers of AVADA-MEDIA have made for us a convenient and functional system for booking homes. This is not our first project with this company. The professionalism of its developers and competent management make the company the best IT partnerDenis, owner
I have been working with the AVADA-MEDIA team for more than 5 years. I want to note the professionalism of the developers and the excellent management of the employees who always help me in the tasks. We have implemented many different ideas with the AVADA-MEDIA team, and at the moment we are moving the existing store to a new platform.Risto, owner
He chose the AVADA-MEDIA team for his startup. We have been developing this project together for several years now. A lot of things have been done and improved during this time. Thanks to the team of AVADA specialists, the project is gaining commercial momentum and has already entered the Ukrainian market.Игорь, Co-owner
We have been cooperating with Sergey's team for 5 years in various business areas, including in the field of information technology. Sergey has repeatedly demonstrated the highest level of expertise and responsibility in our joint projects, especially in an uncertain situation and for a limited time.Bogdan Yurchenko, Director
As a technical director, Sergey perfectly organized work on the Sesh Me mobile application project, thanks to which we always received results in time. Also, I would like to point out the high level of developers from Sergey’s team. Very happy to work together. I recommend Sergey as a reliable and responsible partner.Vlad Konovalov, Product manager
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