Blockchain applications Development

Communications is key, especially in Supply Chain. Unfortunately, miscommunication is what happens very often in this industry. Supply Chain is a complex process that involves a great number of parties - supplier, delivery staff, distribution, retail and etc. And with so many people in between the first and the last level of the chain, information can get lost or modified, affecting the expecting results and performance. The solution to solve this issue? Blockchain Smart Contracts. What is a Smart Contract? Smart Contract is a computer-based protocol built to facilitate and automate negotiations or enforce a contract performance. Built in a blockchain network, the digital contract works without the need of a third party. Once all the rules and agreements are settled, the protocol executes itself. Smart Contracts in Supply Chain Smart contracts in Supplychain How exactly a smart contract development can help solve the supply chain problems? To begin with, the in

Whether you’re renting an apartment, buying a car or opening a bank account, contracts are an essential part of any formal agreement. The traditional contracts involve a high volume of paperwork and complexity, without mention administrative costs and depend on a middleman to settle everything. And as we move into a more computerized world, Smart Contracts emerged as the natural way of making business agreements more reliable and less complicated. Especially in the Finance Industry. What is a Smart Contract? Simply said, this is a digital contract built into a blockchain network. And, since it’s blockchain-based, the Smart Contract absorbs some of the distributed ledger characteristics, such and immutability and transparency. The great catch of a Smart Contract is its self-enforcing nature. Once all the clauses are settled, the contract executes itself, without the need for human intervention. This specific feature allows the computer-based protocol to automate processes.

In the last two years, ICOs were the talk of the town. The crowdfunding blockchain-based way of raising funds for a project emerged as an alternative for companies and startups to make public offerings. The method has been very helpful to incentivize innovation and offers new blockchain based solutions that can change our day-to-day lives. As we mentioned, ICOs are just like crowdfunding. They raise funds by getting money from investors that, in return, get tokens that will become valuable in a mid or long-term. ICO Development But how an ICO works? Well, these are four pivotal steps to an ICO launching: Pre-Announcement: Build a buzz and a community before launching the ICO is very important to make the target audience aware of the project. This is an initial part of the marketing strategy, putting the word out there about your offering while the white paper and other more technical content are being produced. Offering: The final version of the white paper is ready, a

Have you heard about Smart Contracts?  The computer-based protocol is the new big thing in the blockchain world and it is very promising. Smart contracts have the power to simplify every kind of deal between parties, from rent to bank transactions. In simple words, Smart Contract is a digital contract built on a blockchain network that has the ability to execute itself without the need for human intervention. Once all the clauses are settled, the contract does all the work. It became popular not only because of its power of changing the way we do business but also because of Ethereum. The blockchain platform made easy for everyone to build an Smart Contract. Smart Contract Development But what exactly are the benefits of developing one? These are some Smart Contract features and capabilities:  Self-enforcing - as mentioned, the Smart Contract can execute itself once the rules are met in all the stages of the contract. Tamper-proof - since it is built on the blockchain

Crypto economics matter. In 2018, this giant economy had a market cap of 800 billion dollars and it seems like it won’t stop growing. But why developing a token can be important for your business? Well, with the right strategy a token can be a fundamental part of an enterprise ecosystem, helping to make the brand more popular and even valuable. Token launching Services Is very usual to see apps that offer some kind of coin or points for users when they do some purchase ou any type of transaction, right? Usually this points or coins can be used as a form of discount and, once the payment is done, there is no more “bonus”. Although is a great way of incentive users to buy or use the app, it doesn’t offer any benefit for them to keep these coins. But if you convert the coins into a token, that can be tradable at some point, is easier to encourage people to hold in into the app and increase its value and, as a consequence, increase your brand value. Building your own token i

Have you ever felt bogged down by crypto jargons like ‘smart contract’ or ‘consensus mechanism?’ If your answer is a ‘yes’ then don’t panic, you’re not alone. Many folks right from laymen to financial wizards keep updating themselves about such crypto news either through blogs, books or other sources. Smart contract has created a digital exodus in the crypto world because of its immutable and decentralized nature. What is Smart Contract, Really? Smart Contracts are similar to the existing contracts with an exception that they are digital. To be precise, it is a self-executing computer program stored in a blockchain. It is a general agreement between buyers and sellers written in a digital code, most preferably, Solidity. Nick Szabo invented these immutable contracts in 1998, exactly ten years before Satoshi's invention. He is rumored to be the mysterious bitcoin founder Satoshi Nakamoto.  How Smart Contracts are Unique? Hope you might have heard the moral of two cats and

Ethereum is definitely the pupil who became the master. The blockchain platform learned everything it could with the Bitcoin network and, right now, it’s the master of distributed ledger technology. With Ethereum, building blockchain applications, solutions and software became easier. Now, the big thing in the platform is Smart Contracts. The self-executing digital contract works in an independent way, without the need of any human intervention. Once the clauses are defined, the contract becomes automatic. Smart Contract Development Smart Contract Development on Ethereum can be a revolution for a great number of industries. Because of the self-executing nature of the computer-based contract paperwork will turn into an obsolete process and make the work of lawyers and accountants, for an example, simpler. But how does a Smart Contract is built? Well, there are 4 basic steps for its development process: Gathering the requirements - Understand the idea of the contract, wh

Internet of Things (IoT) and blockchain is the perfect combination. Actually, the distributed ledger technology was the missing piece to make IoT finally take off. Why? Well, although IoT has an amazing concept of using the internet to make devices smarter, the security breach has always been a problem. But with the tamper-proof network of blockchain, this issue is solved. Blockchains and smart contracts for the internet of things But to really achieve the commercialization of IoT, a second-factor comes into the game: Smart Contracts. The digital contract built in the blockchain can execute itself based on already established rules and conditions. Food Containers, for an example, need a device to control the temperature so the product doesn’t go bad. Let’s say that, for some reason, the temperature gets high inside the container putting in risk the food.  With the help of blockchain, smart contracts and IoT, this device can correct itself to the right temperature

How does an ICO make money? That is a very common question for those who are thinking about starting an Initial Coin Offering. This alternative funding mechanism is a great way for small companies and startups to raise money without having to ask for a bank loan, for example. To answer the question in a very simple way, an ICO is just like a crowdfunding, so it makes money by raising funds from people who believe and want to invest in a project or company. And, in return, the investors get an amount of token proportional to the money they invested. Now you must be thinking about how the whole ICO process works, right? To start, needless to say, there must exist an idea or strong idea and plan to be executed that can catch the eye of potential investors. After that, these are the phases of an ICO launching: Ideation & Whitepaper Creation - Every ICO has to have a Whitepaper. A document where the company explain all about their project, what problems they want to solv

Everything is ready. You have a great project, potential investors and the coin was developed with perfection. Now is time to list your coin in the exchanges platforms. This is one of the most important steps when launching an Initial Coin Offering. An ICO listing is the way to give the needed exposure for your coin or token, in terms of further trading. Even if you already launched your token in a decentralized exchange, such as Ethereum, is important to have it listed in other exchanges, so your investors and coin holders have more freedom and flexibility to perform trades. Although listing a token sound like a simple process, the crypto exchange platforms usually have a very strict policy and criteria to accept a coin. Let’s take a look at some of the most usual guidelines: Product - As a great number of ICO turned out to be scams, the exchanges want to make sure the offering has a real product. Projects with prototypes of demos of the product are one step ahead in the

That blockchain technology is a disruptive and revolutionary technology we all know. But what people haven’t totally figured it out yet is how it can be helpful for almost any type of industry, including Supply Chain. This is one of the most traditional business in the market, but that struggles a lot when it comes to innovation and reinvents themselves. But distributed ledger technology can change this. Here are 3 way of blockchain can change the supply chain industry: Automation of key process - As we know, there are too many parties involved in the supply chain, meaning there’s also a lot of paperwork involved to guarantee that everyone complies with what was settle. Blockchain allows us to create Smart Contract, a digital and self-executed contract. Once all the conditions are settle everything happens automatically, without the need for human intervention and papers. Increase trust and security - Once data is stored in the blockchain network, it can’t be changed,

Finally, the application of Blockchain into the enterprise world has arrived. The distributed ledger technology has been used in the last 10-years mostly for payment projects and token/coin development. But now, traditional business’ are starting to understand the benefits of this incredible network. But different from the blockchain platforms we know, such as Bitcoin and Ethereum, Enterprise Blockchains are not public. That is, within a public blockchain everyone can have access to it and we don’t know who the actors involved are. So, the distributed ledger chain for enterprise is private or permissioned. The access to the system is restricted and only approved participants can be in the network. This particularity actually makes the transactions validations more efficient. A blockchain based software for business can also enhance security, transparency for transactions and data sharing and avoid frauds. All of this, of course, increase customer’s trust and loyalty. Her

In the past few years, we have seen scandalous cases of data breach. Big companies are being accused of leaking personal information of their clients/users or, in other cases, great hackers spill the data all over the internet. And as we rapidly move all of our data to the digital world, it is imperative for corporations to start being more careful and transparent with people’s information. Blockchain is the ideal platform for any type of business to store their enormous volume of data with clarity and security. Known as the most disruptive technology that emerged after the internet itself, it is finally getting the deserved attention. This is how blockchain and data security can work together: Tamper-proof - This is the primary characteristic to make data security great. The blockchain network doesn’t have a single point of failure, because it is distributed, so all the information is stored across the world in nodes. To change any information, it would be necessary to a