Working Blockchain Solutions for Small and Medium Business
Updates included new features and functionalities for the system's users. But, small exactly is this beneficial for small business owners? Business Pvt. This resulted in a significant bottom-line blockchain for the podcast. They have a good attitude. Notify me of new comments via email. Bitdeal handled blockchain integration for an developers marketing company.
Bitcoin is a cryptocurrency. It is a decentralized digital currency that we can send money from one user to another on the p2p networks. We can make any kind of bitcoin transactions without any centralized servers. The identification of a person is unknown. The Blockchain, by the word which says about what it is. Generally, Blockchain is a group of records that are stored in each block which are more secured and linked with each other using cryptography.
Each block has a cryptographic hash of the previous block, a timestamp, and transaction data. Blockchain is an open distributed ledger that can store each transactional record occurring between two persons in a verified and effective manner. Using Blockchain technology, you can perform any kind of transaction without using centralized servers. And also the information which is open to everyone and we can see it.
Some examples of live blockchains beyond bitcoin are ethereum, dash, litecoin, and monero. Each of them has some advantage in transaction costs, privacy or ability to handle transaction volume when compared to bitcoin, but none of them are so popular. If you are unaware of this concept, let me give a simple explanation about a smart contract. A smart contract is a self-verifying contract.
Just think about a combination of a computer program and a contract. These are stored in a ledger of the blockchain. That technology is blockchain and here I explain what blockchain is in as simple terms as I can. Invented by Satoshi Nakamoto , the pseudonym used by the unknown inventor s of the method behind how it works, in , blockchain is discussed most frequently and popularly as synonymous with the wildly popular and speculative investments in digital currencies today.
Blockchain is a highly complex way of dealing with digital assets. Thankfully, all of the complicated workings of blockchain happens in the background. Essentially, it is a way of securely validating and sharing data e. A proof of concept is done to represent the practical applicability of a blockchain project. It can be either a design prototype or a theoretical build-up.
In Theoretical Build-up, each project requires theoretical cases so that users could understand the applicability and viability of the product. After creating theoretical build-up and receiving feedback, a prototype is designed, which includes:.
When the client approves the PoC, the next step is to prepare technical and visual designs for the application. Since you have planned an entire application at this stage, start creating UIs for each software component. Designs APIs that will be integrated with user interfaces to run an application at the back-end.
Once the admin consoles and user interfaces are designed, the application gets ready for development. Development is the significant phase of the blockchain development process, where you should be ready to build the blockchain app. In this specific stage, you either have to develop or integrate APIs for particular use cases of the application. The application is built under multiple versions.
Once the client approves it, the application moves to the next stage, i. But, the software might not comprise all the features at this stage. After the alpha version is released, the app is prepared for the beta version. During Beta Phase, the software application has the complete feature set but with some unknown bugs. Developers share the beta version with a particular group of people outside the organization to test its functionality. Once the beta version is approved and tested, the application moves to the Release Candidate version, which is an advanced beta version that is ready to be a final application and can be launched.
After thorough testing, the application moves to the production phase and gets ready for delivery. Before an app goes live, you should deploy it on the test network to carefully test its functionalities. When deploying an application, administrators can also manage which versions of the app need to be deployed to various resources with provisioning.
Once an application is provisioned, it needs to be hosted on the main chain. If your blockchain app is a hybrid solution, i. The application should be able to upgrade according to any new business needs and prioritization. For instance, if you need to upgrade the smart contract, later on, you should be able to deploy the new contracts without any difficulty.
Developing and deploying an app does not mean you are done. Instead, a software application needs to be maintained post-development to ensure that it works with all types of upgrades in the future. An Ethereum client, Geth, is used to run Ethereum nodes in the Go programming language. Using Geth, users can mine Ethers, create smart contracts and run them on EVM, explore the block history and send tokens between addresses.
Geth can be downloaded and installed on Linux, Windows and Mac. It supports two types of installations, Scripted and Binary. Once you start using the Geth, you either have an option to create your own blockchain based on the provided settings or connect to the existing blockchain.
Remix IDE is a compiler used for small contracts. It is a browser-based tool used to create and deploy smart contracts. You can use Remix IDE to write, debug, test and deploy smart contracts using the Solidity programming language. Remix can connect to the Ethereum blockchain via Metamask. Before using Ethereum, you should have a place to store Ether tokens and execute smart contracts.
Mist is the Ethereum wallet used for smart contract deployment and is available for Mac, Windows and Linux. While installing Mist, remember once you set up the password, you cannot update it again.
Create a strong password and never forget it. It allows users to make calls to the blockchain without the need to run an Ethereum node.
GanacheCLI is used for the instant mining of transactions. It is an easy-to-use API that provides you with an overview of test chain events. Security plays a prominent role when it comes to building a blockchain application. You need to ensure that the Solidity code does not have security holes. Solium tool is specifically designed to format solidity code and fix security issues in the code. EtherScripter has an easy-to-use interface used for coding basic smart contracts.
If an application contains multiple contracts, Embark can also handle the migration of smart contracts. Developers can manage contracts on multiple blockchains such as live network, testnet and private net using the Embark framework.
It is a wallet that connects Chrome or Firefox with Ethereum blockchain by acting as a browser extension.
It can save keys for Ether and ERC20 tokens. It can be installed simply as a Chrome extension. Since blockchain is immutable and transactions once added to it cannot be updated or removed, untested programs can result in high costs. That is why it is essential to test a decentralized application before it is deployed on the mainnet. Ensure to test your app on Blockchain Testnet before going live.
Truffle is a framework for Ethereum that provides a development environment. The framework supports a library which can link complex Ethereum apps and offer custom deployments to make contracts coding simpler. It supports some of the features mentioned below:. You will find numerous tools that can be used to develop blockchain apps dApps and smart contracts. To know which is the best blockchain development tool for your project, consult our team of blockchain experts.
The project is initiated with PoC, which typically takes weeks. Once the PoC is done, it takes weeks to develop a minimum viable product with bare minimum features. Launching an application on the mainnet takes around months based on the requirements of a client. If you are looking for a blockchain development partner who can help you develop a blockchain application, we have consolidated a list of some top blockchain development companies.
From consultation to PoC, visual and technical designs, development, deployment and maintenance, blockchain experts at LeewayHertz provide end-to-end assistance to startups and enterprises. LeewayHertz is one of the first companies which has developed a signing platform on the blockchain. Somish Somish is a technology and product development company that builds automated solutions using emerging technologies.
It was established in and has been serving companies to re-engineer, design, build and implement automation systems. Somish dived into blockchain technology in and has developed blockchain projects for governments, municipal corporations, retail companies, finance companies and various other industries. SoluLab Founded in , SoluLab is a technology company with expertise in the blockchain, mobile and web development.
Specialized in Hyperledger Fabric, Smart Contract Development, Private and Public Blockchain Development, their team can build a secure and robust blockchain solution for your business. Their blockchain development services cater to various industries like healthcare, supply chain management, government, education, publication and media and real estate. Venture Aviator Venture Aviator develops, tests and deploys custom blockchain applications with an interactive and engaging approach. They have developed robust blockchain solutions for growth companies and Fortune companies like Allianz and Cisco.
They aim to assist startups, enterprises and entrepreneurs in developing technology platforms. SoftwareMill is one of the leading blockchain companies that deliver value to its clients with high-quality development.
They have a dedicated team of skilled developers who can cater to a wide array of business requirements within the estimated budget. Based in Poland, they believe that they can resolve the industry-related issues with the digital solutions built on the latest technologies.
Blockchain solutions could also come in particularly handy in the healthcare sector, which has been steadily moving away from paper and toward digital applications for years.
But one of the most intriguing projects underway in the healthcare space with blockchain involves the idea of patients paying for the value of care received rather than the medical processes themselves. The decentralized Robomed Network in Russia and Dubai uses smart contracts to allow patients to pay for the results of their treatments rather than the number of treatments received. As of last year, the Robomed Network had almost 9, patients and 30, services performed.
The energy sector could also be a prime beneficiary of the blockchain revolution. In particular, blockchain ledgers are the perfect means for executing and recording energy trades, along with resource samples, in a transparent and immutable platform. Energy trades can, with blockchain, settle considerably faster than with traditional trading networks.
Additionally, the transparency of blockchain, and the ability to remove paper from the equation, provides a means of demonstrating compliance to regulators. Instead of inefficient analysis of paper spreadsheets, vast amounts of data can now more easily be analyzed for compliance. Not to mention, the addition of smart contracts should improve supply chains and help reduce contract disputes since digital contracts are viewed as more legally binding.
Finally, blockchain technology offers the ability to completely revolutionize how copyright laws and royalties are adhered to. Perhaps no industry is a better test case than the music industry, where ownership rights can be overlooked, especially when it comes to digital music downloads.
The transparency of blockchain, along with smart contracts, would create a decentralized database that ensures artists maintain their music rights.
It would also provide transparent and real-time royalty distributions to musicians. This may not be a familiar name in the U. These eight business uses for blockchain are simply the tip of the iceberg. Distributed cloud storage will be another blockchain application that businesses can take advantage of.
This makes distributed cloud storage one of the more interesting blockchain applications — and one for small businesses to keep an eye on. Because of that, security is a top concern for businesses of all sizes who want to utilize the blockchain wallet. Blockchain-based authentication systems are based on irrefutable identity verification using digital signatures based on public key cryptography.
It is inferred that whoever has access to the private key is the owner and the exact identity of the owner is deemed irrelevant. Blockchain technology can be applied to identity applications in areas like IDs, online account login, E-Residency, passports, and birth certificates.
Provenance and SkuChain are just two examples of companies attempting resolve this issue. John Rampton is an Entrepreneur and Connector.
Payments and Money Transfers Perhaps the most well-known blockchain application is being able to send and receive payments. Invented by Satoshi Nakamoto , the pseudonym used by the unknown inventor s of the method behind how it works, in , blockchain is discussed most frequently and popularly as synonymous with the wildly popular and speculative investments in digital currencies today. Blockchain is a highly complex way of dealing with digital assets. Thankfully, all of the complicated workings of blockchain happens in the background.
Essentially, it is a way of securely validating and sharing data e. The way in which you once centralized your data and managed your security, blockchain changes that with the use of many locations where you data is held and some powerful cryptography techniques applied.
2. Smart Contracts
1. Payments and Money Transfers
Some examples of live blockchains beyond bitcoin are ethereum, dash, litecoin, and monero. Each of them has some advantage in transaction costs, privacy or ability to handle transaction volume when compared to bitcoin, but none of them are so popular.
If you are unaware of this concept, let me give a simple explanation about a smart contract. A smart contract is a self-verifying contract.
Just think about a combination of a computer program and a contract. These are stored in a ledger of the blockchain. When comes to a traditional contract, there is often a third party who made the contract and also ensures that everyone has involved besides by it and check what are the step needs to allow or not.
Smart contacts automate the entire process. For example, let say you have a coffee shop you may have a business relationship with many supply agencies like local coffee roasters and also the customers who have taken a lease you shop for the party, events, and catering.
There are lots of arguments available in those relationships. A smart contract will simply help to solve all the problems. With a traditional contract, you would need to prove you had funding, probably with documentation from the bank or your investors, and lawyers would need to scrutinize everything. With a smart contract, everything would be automated. You are commenting using your WordPress. You are commenting using your Google account. You are commenting using your Twitter account.
You are commenting using your Facebook account. Notify me of new comments via email. Notify me of new posts via email. Skip to content For the past few years, many technologies have emerged a lot and also had a great impact on small businesses.
Do you know which of the technologies is on the current trend? What is Bitcoin? What is Blockchain? What makes Blockchain more Special? The website performs seamlessly and has received positive feedback from users.
In less than a year, Robosoft created four complex transactional apps for a managed service provider MSP and virtual memory system VMS solutions provider, including voice-based assistance. The client appreciated that Robosoft Technologies tackled a challenging project and showed professionalism throughout. They never flinched when I was hard on them, and it really seemed that they were a part of our team.
They were founded in and have an extensive team of over 50 employees. Minddeft Technologies helped a venture incubator and consulting company develop an innovation system along with a Java Liferay stack. They were involved with the architecture, primary implementation of the system, scrum management, and assurance testing.
Thanks to their help, the client has enterprise technologies that will scale to millions of users. The client was satisfied with their expertise and level of engagement throughout the project. Minddeft Technologies has been one of the survivors, coming through over and over, successfully completing difficult project. Yudiz Solutions is a mobile app development company founded in Overall, the client was impressed with their work.
We haven't had any bugs. Established in , they have 77 employees, and mostly provide large-scale firms with customized enterprise software for digital transformation. Their services include CRM consulting and software integration, custom software development, web development, e-commerce development, and more. Quest Global Technologies developed a web portal for an Indian financial management firm. The client wanted a cloud-based platform that could automate some of their analytics, as well as generate performance and earnings reports.
Quest Global delivered the site quicker than the client expected, and exceeded their projected functionality. The majority of the client's operations now occur online through Quest's web portal; they reported being impressed by the honesty and professionalism of the Quest GLT team. They never let us down in terms of understanding requirements, meetings, deadlines, or quality.
Partnering with a major hotel group based in Hong Kong, Hyperlink InfoSystem created a series of web and mobile solutions to increase productivity and efficiency of the hotel staff. With a mastery of frontend to backend development, they presented a cost-effective and successful solution well before the deadline. They were always prompt in their response to our queries and gave us good suggestions and solutions throughout the development phase.
Founded in , SoluLabs is a mobile app and custom development firm based in Ahmedabad, India. A social fitness startup hired SoluLabs to develop a mobile app from scratch. The product used geofencing to connect people to fitness venues in different locations and was recognized by Inc.
After their release, the Android and iOS apps enabled the startup to gain more recognition and funding. The client credits SoluLabs' efficient work with being able to grow the company. If we needed quick changes to be made, SoluLab set up meetings and kept clear lines of communication to understand and diagnose our ongoing issue.
I emailed and called the team at random times, and someone was always available. Indra Crypto Capital is a software agency founded in Chennai, India in With more than 10 experts, they specialize in blockchain, web development, and mobile app development services for small businesses in the industries of advertising, financial services, and IT solutions. Indra Crypto Capital developed an ad platform for a podcast. The podcast needed an ad platform solution for their own software.
This resulted in a significant bottom-line impact for the podcast. Knoldus Inc. Knoldus helped an online tutoring company re-build the company's existing codebase. Established in , Systango Technologies is a global digital product development agency. Most clients are small businesses, many of which are in the entertainment, utilities, and hospitality sectors. A client worked with a Systango freelance developer and was impressed with their work. The team's technical expertise stood out during the project.
They excel in terms of discipline and procedure. The expertise of their team of 7 lies in blockchain, eCommerce development, and mobile app development. They focus on serving enterprise and midmarket clients in the financial services and eCommerce industries. The client was building a cryptocurrency platform. The finished product maintained users digital wallets and supported instant Bitcoin exchange. The client was impressed by the team's work. Founded in , Katpro Technologies Inc provide small and midmarket businesses with web development, app development, artificial intelligence, blockchain, and application testing, With offices in Fla.
A digital app partnered with Katpro Technologies due to government audit regulations. They focused the project around building a SharePoint based app that lets staff track the company vehicles. They provide the client with custom development and a successful product. This declaration is required by Govt audit team in Australia. So far, so good. A mobile and web development company, Mobisoft was founded in They now have offices in India, the US, and Australia.
A startup medical company had an idea for an app to help patients and medical staff through surgery and the healing process. Mobisoft was hired to develop the cloud-based app, which is compatible with Windows, iOS, and Android. Bitdeal is a blockchain development company in Madurai, India. Founded in , they have fewer than 5 employees that serve mostly midmarket and enterprise clients in the IT, business, and financial sectors.
Services include blockchain, custom software development, and web development. Bitdeal handled blockchain integration for an international marketing company.
Their team created a custom cryptocurrency exchange payment system. The solution met expectations and received positive feedback. Codezeros is a blockchain development company that was founded in They have 57 employees across their offices in Ahmedabad, India; Tallassee, Ala. Codezeros designed the website, pitch deck, and whitepaper for a financial services company, which promoted blockchain analytics and related services to potential investors and clients.
They were highly creative and communicated regularly throughout the engagement. Codezeros produced an attractive visual design that boosted brand awareness for the client and clearly showed organizational values. Since this is our first showing to the public, their work had an immediate impact in spreading our name around the industry.
I found the designer's skill to be the most impressive, as he was able to design everything exactly as we had envisioned. Focaloid Technologies is a digital solutions company that was founded in The company provides an array of development services for web, mobile apps, and blockchain.
Clients include global enterprises in the financial and automotive sectors. NET Core. The sophisticated platform includes critical features that let advisors manage their clients and portfolios. Not only is Focaloid Technologies a team of talented developers, but they also offer competitive pricing. Founded in , they have grown their business to employ over experts around the world to provide AI, mobile app development, and blockchain to small, midmarket, and enterprise businesses.
They focus on the IT, health care, and e-commerce industries. Fusion Informatics developed an iOS and Android mobile app for an online grocery service. This application needed to send notifications to customers and allow users to see the price of the products, the availability of the items, and the estimated delivery time.
A products distributor wanted to provide software for internal processes to their clients. Synsoft Global developed e-procurement software that allows clients to manage their spending and it integrates with the existing platforms.
Outsourcing often brings about unclear expectations and inaccuracies, but Synsoft is very willing to acknowledge that their understanding may be different from our expectations. They correct mistakes accordingly and take risks with us to provide a product that actually works.
Cygnet worked with this tech consulting firm to help with a host of different software development projects. TechGropse Pvt.
Founded in , the team of 38 specializes in mobile app development, blockchain, and IoT development. They work with enterprise, midmarket, and small business clients primarily in the IT industry. They developed the iOS app from end-to-end, created an online payment system, and developed a dashboard menu.
Now we're even more confident in the security of our service. Companies blockchain AbraBitwageand Coinpip are leading the charge in using the blockchain to transfer funds or handle payroll. AXIOMA partnered with a digital design firm to assist the organization blockchain various digital development projects, blockchain developers small business. The payments made can even be processed by the suppliers and customers in supply chain with cryptocurrencies small than them small on the EDI. Merehead business a fintech and blockchain solutions company based in Seattle and Kiev, Ukraine. During Beta Phase, the software developers has the complete feature set but with some unknown bugs. A development framework for Developers dApps, Embark, is used to build and deploy dApps and enable you to create smart contracts written in Business programming language.