Blockchain applications Development

Smart Contracts And Their Roles In Enterprise Business Blockchain Projects Smart contracts and blockchain are the Laurel and Hardy of the crypto world, always finding a parallel mention - just that they are a lot more serious than that! Smart contracts are progressing and are well-poised to become one of the most demanded features of blockchain technology. They could find their applications in any place where a ‘contract’ is relevant, right from legal and financial systems to even IoT and healthcare. Smart contracts eliminate the need for intermediaries and clerical delays, and this adds to automation, efficiency, cost-effectiveness and an advantageous rigidity in the processes. Imagine little things like your pharmacist having your drugs ready as soon as the doctor prescribes your medicines, and the pharmacist not being able to include any generic drug that might unpleasantly react with the prescribed ones! This is what smart contracts are capable of. These little pieces of

Cryptocurrencies have started to gain prominence in recent days. They are backed by blockchain technology. The decentralized nature and the associated reduction in the cost of transactions have contributed to the growing popularity of cryptocurrencies. Any currency that is used for a transaction requires the balance to be monitored, in addition to the facility to send or receive digital currency from other users. It is for this precise purpose that you will need to have a cryptocurrency wallet. What is a Cryptocurrency Wallet? The very mention of the word ‘wallet’ makes us think about a physical place where currency can be stored. However, cryptocurrency wallets are different. It would be surprising to know that these wallets do not store any currency. These wallets story access to the currency. In the technological jargon, a cryptocurrency wallet is described as a daemon. The access to the wallet is controlled by a couple of credentials - the public key and the private key

Blockchain is heralded as a revolutionary technology that changes the way we store data and conduct transactions. How does the tech fare with cybersecurity? Let’s find out. Ushered into existence back in 2008 to support cryptocurrency, blockchain quickly garnered the attention of people for its functions. Popularly known as a “digital ledger”, a system that can save information with a variety of favorable features, several businesses have begun to focus on this new technology. The question is, why use blockchain for cybersecurity? Blockchain proudly boasts of its core features that makes it so viable - decentralized, immutable and transparent. The three features possess solutions to various problems that are otherwise  a hassle with conventional digital ledger technologies. Owing to being a one of a kind technology that is efficient at preventing fraudulent activities from taking place, blockchain is of great help to enforce stringent security protocols for an overall better cyb

Traditional law firms were slowly reducing in number with lawyers being hired as in-house employees by companies requiring legal assistance. Advancements in the legal sector did not stop there. The versatile and futuristic blockchain technology entered the picture, replacing lawyers in major industries. Smart contracts were introduced. These digital agreements recorded all transactions and were drawn up based on certain conditions. The involved parties did not need lawyers to verify the transactions as blockchain is unchanging and flawless. The smart contracts act as the ultimate proof and therefore negate the importance of lawyers. Integrating blockchain technology in any industry can help create an environment with enhanced security and improved efficiency. Fraud and illegal activities will be almost impossible to carry out due to the digital ledger that keeps a record of everything. Want to integrate blockchain in your own business but don’t know how? Blockchain App fact

The technology for storing databases have evolved over the years. We have gone from storing non-transferrable offline data to being able to store, access and manage data from anywhere at any time of the day in real-time. The current conventional methods of storing and processing digital information has advanced drastically over time to harbor a plethora of desirable features. Yet, they are slow, unreliable and non-transparent.  Satoshi Nakamoto, a pseudonym came up with a revolutionary solution to the problems our data storage and processing technologies pose.  Blockchain technology is a decentralized records system that is most popular for conducting cryptocurrency transactions. Popularly known as a “digital ledger”, it can also store large databases of any data type. Unlike the traditional client-server model, the new technology functions peer-to-peer. By providing strong security, reliability and efficiency features, it is increasingly esconcing itself  in today’s businesse

Cryptocurrency has taken the monetary world by storm with its decentralized and cryptographically protected features. Upon acquiring cryptocurrency, there are many ways to manage the digital currency - for holding and transferring funds. Using a cryptocurrency wallet makes managing crypto coins a seamless, efficient process. Here’s why you need wallets, and how a whitelabel cryptocurrency wallet can benefit you. There are three types of wallets. Each of them have unique advantages over each other. Firstly, let’s have a look at the advantages that exchange wallets offer. Managing Keys - The data stored in a blockchain are often segmented to prevent a single key from accessing all of its data. In the process of fragmenting blocks, multiple private keys need to be generated. Too many keys can become a hassle to organize. Wallets provided by exchanges can store your private keys for you. Although convenient, its security protocols must properly be verified to ensure that your fun