Blockchain Development

Blockchain
Development

We provide blockchain development services to help our clients create innovative and secure blockchain applications. We can help you develop a blockchain solution that is tailored to your specific needs and requirements.

Transform Your Business

With Blockchain Technology

Many companies have trouble imagining what blockchain solutions in their industry might look like, much less how to implement those solutions. Our experts have been involved in the blockchain world from the start, and we have experience designing and implementing blockchain solutions across industries.

What Are the
Benefits of Blockchain
Technology?

Blockchain is a decentralized technology. Everything on the blockchain is shared between and powered by a network of many computers. Advanced cryptography keeps data secure, even across a large peer network. This has some important implications.

Since the ledger of transactions and data is decentralized, aspects of traditional commerce that involve third-party middlemen could be eliminated.

For example, the blockchain can process stock exchange transactions nearly simultaneously – or copyrighted content, such as film or music, could be shared and transacted instantaneously directly between creator and consumer.

Blockchain technology is moving so fast that it is difficult to keep up with it, even for those of us who work in the industry. So, how should we move forward? What about the security? And what are the real benefits of blockchain platforms?

Advantages

Blockchain technology offers advantages over existing methods of providing and accessing services, including reduced total cost of ownership, automated administrative workflows, improved security, privacy, verifiability and ease of analysis.

Transparency

Since data is shared across the entire network, by definition it is easily available to every computer on the network. This enables quick detection of weak points and traceability in the supply chain, payments, and other business processes.

Security

Blockchain records are incorruptible thanks to advanced cryptography. Agreements can’t be tampered with and transactions can’t be altered. When combined with encryption and access management, the blockchain can securely store and update large amounts of data.

Trust

Blockchain removes the risks associated with central data storage. There is no control by any single entity. The peer-to-peer network manages all transactions. As a result, the blockchain has no single point of failure.

Efficiency

The blockchain directly processes transactions between parties without intermediaries. Blockchain transactions confirm more quickly than conventional bank transactions. In addition, smart contracts can automatically trigger actions on the blockchain, automating a significant amount of administrative work. As a result, processes such as financial transactions and reporting can be drastically streamlined.

Blockchain Use Case for
Pharma Supply Chain

Which Industries Can Benefit From Blockchain? Blockchain has created new possibilities for the financial world, but other industries can also benefit from the emerging technology. Blockchain is a new way of storing, securing, and transacting data. It has implications across nearly every industry. Healthcare, supply chains, energy, insurance and real estate are some of the industries adopting blockchain the quickest today.

For a look behind the scenes, check out one of our success stories where Skalex helped implement a blockchain pharmaceutical supply chain.

Read Case Study

How Secure Is
Blockchain Really?

Blockchains are not unhackable, but they are safer than conventional databases. A blockchain stores data decentrally, with all network participants having an identical copy of the data store and the exact order in which it was stored. This means that transcations hosted on the blockchain can’t be changed by another party without alerting the entire network.

Blockchain therefore does not behave like conventional data servers that have a single point of failure. A blockchain can’t simply be attacked and manipulated because it requires enormous computing power to overcome the network.

Digital Tokens

Utilizing blockchain technology, digital tokens revolutionize the transfer of real-world assets. They speed up executions, maximize security and decrease expenses. Naturally enterprises are increasingly utilizing such tokens to manage their assets. We can help you assess the feasibility of a token and implement a solution that advances your business.

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Types of Blockchains: Public, Private and Consortium Blockchains

A private blockchain revolutionizes how companies document and record their business processes. It can also radically disrupt the way supply chain management systems operate. With each transaction being transparent and simultaneously encrypted, errors, manipulations and fraud are easily detectable and preventable. We can help you decide which type of blockchain is right for you.

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Have any questions? We are
always here to help.