Blockchain App Development company

Posted by emma wilson on September 18th, 2019

To begin with blockchain app development, first, you need to know everything about blockchain. A blockchain is a time-stamped series of an immutable record of data that is managed by a cluster of computers not owned by any single entity. Each of these blocks of data is protected and bound to each other utilizing cryptographic principles (i.e. chain). The blockchain network has no central authority. Since it is a shared and immutable ledger, the information in it is open for everyone on the network to see. Hence, anything that is made on the blockchain is transparent and everyone involved in it is accountable for what they do. 

Blockchain is a highly trusted technology and that’s why almost everyone is willing to adopt it. Therefore, use of the blockchain app development is widely spreading day by day. Let us know how blockchain app development is preferred as a solution for various sectors:

• Cab facility: The ride-sharing companies can ease all transactions through a blockchain application. The riders and drivers can make a higher customer-driven marketplace with the help of the distributed ledger which is regulated by blockchain developers or the one who knows how to use it. A start-up like Arcade city work is one of the ride-sharing companies that allows all transactions to take place via blockchain app developments. Drivers working for Arcade city are allowed to fix their rates and recurring client base.

• Banking: Blockchain offers higher accuracy and data in the ecosystem of the financial services of the bank. Both UK based Barclays and Swiss bank UBS have tried blockchain. Banks invest in blockchain start-ups like R3 CEV. It used to make a blockchain app development, Corda which is a blockchain platform for the financial sector.

• Education and Academia- In the education sector, the blockchain solutions offered by blockchain app developments can regulate the verification procedures. It will help in decreasing the fraud claims of un-earned educational credits. To protect and allocate the student records, the Sony Global Education has made a new educational platform in partnership with IBM. This platform utilizes blockchain technology.

• Real Estate- Less transparency is noticed at the time of and after transactions in buying and selling the property. The blockchain can examine the potential fraud, high amount of paperwork, mistakes in public records. A technology start-up provides a blockchain platform named Software-as-a-Service (SaaS) for the mortgage and financial companies. In Brazil, the company is managing the Land Records Bureau to record property data with the help of blockchain.

• Healthcare- In the healthcare sector, the chain is important for payers, hospitals, and other entities as it allows them to share access to their networks. It will let them enjoy protection and integrity without any compromise on the information. ‘The Gem Health Network’ by Gem start-up is a blockchain app development for the healthcare sector. The other blockchain start-up such as Tierion provides the services of data verification and storage in the healthcare industry. In the Philips Blockchain Lab, both Tierion and Gem have partnered with Philips Healthcare.