Blockchain Development

The revolutionary technology of the future.

What is Blockchain?

Through Blockchain one can digitally establish ownership of currency, objects and data.  Like a regular transaction ledger, Blockchain is a digital record of a transaction. The transaction can include anything like a movement of money, purchase, movement of goods, service, data or anything that involves value. Information stored in a Blockchain is secure as it is difficult for anyone to add, delete or make changes once the transaction is initiated. Blockchain applications are totally decentralized and each of the transactions is time stamped.

How does Blockchain work?

Blockchain, as the name indicates, are blocks that carry information – batches of transactions and such blocks are appended into a chain. The chains are secured using a key called hash which gets encoded in the next following block. Every owner of the transaction has a key. This way, any attempt to alter the transaction is sure to raise an alarm. A new transaction is added to the ledger by a process called mining.

Is Blockchain ready to Support Businesses, Organizations and Individuals?

Yes, the advancement of Blockchain technology is surely dispelling all the doomsayers. Blockchain can support a wide range of applications. The most well known is cryptocurrency like Bitcoins and Ethereum. Blockchain-based applications include any business transaction. For example; Business order tracking, Supply chain, Banking and Finance, E-learning, Healthcare, Online shopping portals, Insurance, Travel, Music, Renewable energy, Contract validation and so on.

“Security, Identity and Ownership is guaranteed”

On the contrary to the belief that Blockchain technology is a disaster, the technology is proving its power by redefining the way we transact. The technology is here to stay. Today, the technology has successfully stood the test of time and the market for Blockchain technology is estimated to reach 2.3 billion by the end of 2021. Businesses can benefit with this technology as it allows one to enhance customer experience and streamline all the internal process.

 Development Process

The product development process is articulated and broken down in many different ways, many of which often include the following phases/stages:

01

Defined Requirements Specification

Set of activities employed before the more formal and well-defined requirements specification is completed. 

Requirements speak to what the product should do or have, at varying degrees of specificity, in order to meet the perceived market or business need.

02

High-level and Detailed-level Design

Product design is the development of both the high-level and detailed-level design of the product: which turns in wireframing the requirements into a particular product (UI&UX).

Composing the 2 parts of the Apps or web, the engineering design process,  and the aesthetic aspects of design.

03

Product implementation with Agile

It refers to stages of detailed engineering development and design (Agile Development Process), as well as test process that may be used to validate that the prototype actually meets all design specifications that were established.

04

Testing to get the Product Ready

During product development, companies need to determine their product's readiness for release. This process takes place after you have spent time learning your market's problems, building a solution and testing the product, it's time to determine whether that product is ready for release.

Cloudgenietech is a global consulting company offering solutions, ready to analyze and work on your requirements and help you familiarize with the possibilities of Blockchain technology to meet your business specifications. Our skilful expertise in Blockchain development will introduce you to the technology